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Author Topic: The Benefits of Having a Universal Wallet  (Read 4964 times)
casascius
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November 26, 2012, 08:39:16 PM
 #21

Code:
int n=0;
while (true) {
    create_new_cryptocurrency("i" + n + "coin");
}

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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November 26, 2012, 08:47:07 PM
Last edit: November 26, 2012, 08:59:20 PM by markm
 #22

As far as adoption goes, I thought websites are supposedly the adoptable medium, if you make people run a client at their end instead of simply using their browser you kill adoption anyway so details of the thing they have to download/install are kind of moot, if you want adoption you should be making websites, not user-machine-end client programs?

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November 26, 2012, 08:51:57 PM
 #23

One click wallet back up for all coins would be uhhhhmazzzzzzingggg!
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November 26, 2012, 08:56:26 PM
 #24

as far as adoption goes, I thought websites are supposedly the adoptable moedium, if you make people run a client at their end instead of simply using their browser you kill adoption anyway so details of the thing they have to download/install are kind of moot, if you want adoption you should be making websites, not user-machine-end client programs?

-MarkM-

It's good to have options.

Blockchain.info is the only web wallet I think anyone should trust (as evidenced by the mybitcoin debacle), and they don't support other cryptocurrencies.  If someone wanted to make a blockchain.info counterpart with the ability to manage all cryptocurrencies, then I think they could be very successful.

Regardless, a desktop wallet wouldn't be a bad thing either.  It'd be a better solution than none, which is what we currently have.
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November 26, 2012, 09:03:04 PM
 #25

Blockchain.info is the block explorer thing?

Whatever, if it works and is free open source code adapting it should be pretty easy...

As for dedicated apps yeah I bet vendors love them too, give people a walmart wallet not a buy from the competition wallet for example heh heh. Smiley

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November 26, 2012, 09:08:58 PM
 #26

Good to know... I had heard from a couple of people that Litecoin was very intensive because of the quick blocks, and they couldn't successfully run both bitcoin and litecoin on a server.  Of course, the server had other tasks as well...

That may also have been with the original bitcoin client release, I know that the original bitcoin client was MUCH more resource intensive, if I remember correctly I think my bitcoin client was using nearly a gig of system RAM before I updated, now I use a little over 150 megs...

Here is the screen shot of my task manager as it stands now just for a rough idea of how much resources each client uses while also running the rest of the system (cpu usage is at 100% because of minerd, without minerd cpu usage is less than 5-10% on an intel t4400 dual-core):





Sorry for the three separate images but was necessary to capture all of the running processes...
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November 27, 2012, 04:13:25 AM
 #27

The majority of people simply want easy to use interfaces.

Example: look at the app ecosystem.
"There's an app for that" - and we love it.

However you want to accomplish it,
It boils down to feature rich simplicity for the end user. Something severely lacking in this space.


Yes, having it all into one client would be nice.
And perhaps a auto updater you can check-mark,
so all the miners update automatically,
majority of pools listed in the miner.
All merged into the wallet file,
called universal wallet.

Lets start this up. And if you offer a donation
for the development, I can add that to the main page
as a bounty.



.
.BIG WINNER!.
[15.00000000 BTC]


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November 27, 2012, 04:24:55 AM
 #28

The majority of people simply want easy to use interfaces.

Example: look at the app ecosystem.
"There's an app for that" - and we love it.

However you want to accomplish it,
It boils down to feature rich simplicity for the end user. Something severely lacking in this space.


Yes, having it all into one client would be nice.
And perhaps a auto updater you can check-mark,
so all the miners update automatically,
majority of pools listed in the miner.
All merged into the wallet file,
called universal wallet.

Lets start this up. And if you offer a donation
for the development, I can add that to the main page
as a bounty.

https://bitcointalk.org/index.php?topic=34586.960 devcoin thread, setting up a bounty on it.

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November 27, 2012, 08:17:18 AM
 #29

Update Bump



.
.BIG WINNER!.
[15.00000000 BTC]


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November 28, 2012, 03:33:26 AM
 #30

universal bump  Smiley



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[15.00000000 BTC]


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November 28, 2012, 03:46:15 AM
 #31

Devcoind.exe was completed today, but there is still a bounty open for the qt.

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November 28, 2012, 03:08:13 PM
 #32

universal bump & update of post



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.BIG WINNER!.
[15.00000000 BTC]


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November 28, 2012, 04:20:09 PM
 #33

Please not so many bumps, it's unpopular.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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November 28, 2012, 09:56:33 PM
 #34

Please not so many bumps, it's unpopular.

it got 600 views in 48 hours vs the other posts.
My other post alone taken 3-4 weeks to get 1000.
If you say its unpopular, then why so many views?
In a short time?

It seems you do not like the idea of a universal wallet,
so you put in the quote *Please not so many bumps....*
But it already fills two pages.

However I notice that the change of picture,
immediately dropped its popular, and
talk about greatly for some reason.



.
.BIG WINNER!.
[15.00000000 BTC]


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November 29, 2012, 03:25:37 AM
 #35

I don't mean the thread is unpopular, I mean the idea of creating posts consisting of "bump" to draw undue attention, three times in two days, is unpopular and impolite.

I am not against the idea of a universal client - ironically I once did exactly the same thing and staged a screenshot of what a universal client might look like.  It's in my posting history.  Might have been April 2011.  It was before all these alt chains existed, so my screenshot had some pretend alt chains I made up.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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November 29, 2012, 04:37:12 AM
 #36

I don't mean the thread is unpopular, I mean the idea of creating posts consisting of "bump" to draw undue attention, three times in two days, is unpopular and impolite.

I am not against the idea of a universal client - ironically I once did exactly the same thing and staged a screenshot of what a universal client might look like.  It's in my posting history.  Might have been April 2011.  It was before all these alt chains existed, so my screenshot had some pretend alt chains I made up.

Interesting, do you have the link of the thing you made? Would be interested in taking a look



.
.BIG WINNER!.
[15.00000000 BTC]


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November 29, 2012, 07:26:17 AM
 #37

Sure, https://bitcointalk.org/index.php?topic=10755.msg154451#msg154451

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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