The wow moment is “memorize these words and you can flee authoritian regime with your life savings”

Few understand!

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Yes, or if you can't remember those words, this:

https://www.borderwallets.com/

https://www.youtube.com/watch?v=wHQrvCGVkTw

1. Deez

2. Nuts

3. Deez

4. Nuts

5. Deez

6. Nuts

7. Deez

8. Nuts

9. Deez

10. Nuts

11. Deez

12. Nuts

You don't need a seed phrase these days 😂

I'll give it to Jack anyway.

Imagine the incentive structure that develops in a model like this.

😮 “I cant access my wallet, can you help”?

🤑 “Yes, yes we can, I see it had $900,000 dollars on it—no seed phrase, no problem: we use a percentage of balance approach as there is more risk involved for recovering more funds, shall we continue with recovery”?

I think 30% fee is fine 😂

In theory, anything less than 100% is fine.

yikes! Does anyone actually use this?

Just memorize the 12 words. It's really not that hard. But also, keep a physical copy somewhere as a backup. There are better ways to make sure they can't be used without some additional information. For example, just inscribe your passphrase(s) in an OP_RETURN. 😜 If someone happens to stumble across your 12 words - good luck to them also stumbling across your passphrase(s) amongst the rest of the blockchain.