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Is it safe to do the following?
Suppose I do not want the HD wallet, but I do want the convenience of using mnemonic words to remember the private key. I know I can convert the private key's hex representation to byte format from which I can get binary format, from there I can follow BIP-39 to generate 24 words that are represented by that private key (because general addresses are used by randomly producing a 256 bit word which is equivalent to 24 words). Can I now use these "mnemonic" words to remember my private key, and completely disregard it (since I can always use these words to get back to the private key). I guess what I am wondering is whether there are cases where different private keys can produce the same collection of 24 words.
actually the above wouldn't work. Because You won't get equal number of bit chunks if you use 11 bits like in BIP39. – i squared - Keep it Real – 2018-05-01T12:43:53.043
Extended keys used by BIP 39 are 512 bits in length. Generally speaking, the path from BIP 39 words to private keys, especially when using detached keys, are not invertable. This is unlike Electrum mnemonic seed words that are invertable. The Electrum mnemonic can represent 256 bits. – skaht – 2018-05-01T19:18:31.433