Is the wallet the key to coin success?

[HashZilla]

It seems to me that adoption of a cryptocurrency depends highly on the quality of the wallet.  How can a coin expect to gain potential users, unless they have a stable, easy to install, easy to use wallet that one can trust with your money? 

Take the Eth Windows wallet for example.  It's dogshit.  There isn't even a readme file with an explanation of the installation or instructions.  You can't specify an install location, whenever you upgrade, it forgets where the keystore is, and the path seems to disappear.  Let's not discuss the performance issues, except that using a 3rd party node is needed to make it reliable and fast.

Getting support for it seems impossible.  Personally, I tried repeatedly to sign up on the Ethereum form, and after 3 months have given up.

Is this a platform that new crypto clients will be impressed with and will rave about?  Fuck No!

Therefore, I think Shitty Wallet = Shitty coin.

End rant.

[MadGamer]

It's definitely not the key for success , It's always the idea behind the project. I mean what I'm going to do with a clone of bitcoin even though the wallet is great ? we don't need more clones , we need more unique ideas. If you have the idea and the funding then the wallet will come with time.
I however agree that the wallet plays a really big factor and I didn't start using ethereum just because of their wallet. I actually store my ICN tokens in myetherwallet instead because I failed hardly on getting the actual wallet to work.

[noise2]

The success and popularity of Ethereum, by your own words, invalidates your theory. Monero has also become very popular with only a cli wallet (it's good though, if you're into that sort of thing) so that's another failing point.

If you're thinking long term mainstream then absolutely! But even Bitcoin has a long way before that happens.

[PanneKopp]

I do believe,

any Coin, which aims 2 be a currency, should have a
"portable multi-platform wallet".

... just my 2 cents.

  PanneKopp

P.S. it is hard, 2 get my Linux-Server going shopping with me (usability) ^^

[gloana]

Important for success imo is: easy installation, as many platforms incl mobile as possible, practical use, not too many graphics.

[asriloni]

It seems to me that adoption of a cryptocurrency depends highly on the quality of the wallet.  How can a coin expect to gain potential users, unless they have a stable, easy to install, easy to use wallet that one can trust with your money? 

Take the Eth Windows wallet for example.  It's dogshit.  There isn't even a readme file with an explanation of the installation or instructions.  You can't specify an install location, whenever you upgrade, it forgets where the keystore is, and the path seems to disappear.  Let's not discuss the performance issues, except that using a 3rd party node is needed to make it reliable and fast.

Getting support for it seems impossible.  Personally, I tried repeatedly to sign up on the Ethereum form, and after 3 months have given up.

Is this a platform that new crypto clients will be impressed with and will rave about?  Fuck No!

Therefore, I think Shitty Wallet = Shitty coin.

End rant.

Noooooo...... The key to success your innovation, and the other key is better than it. Your trust has never turned into a liar. Wallet it's not mean something to do. But it can be a symbolism from the result of dev.

[MicroGuy]

It seems to me that adoption of a cryptocurrency depends highly on the quality of the wallet.  How can a coin expect to gain potential users, unless they have a stable, easy to install, easy to use wallet that one can trust with your money?

Not sure if the wallet is of paramount importance. Maybe you mean the network?

I would think some of the most important things would be number of users, concept, and age; along with character, talent, and loyalty inside the core team.

[rapazev]

i totally agree with you, but every development have stages.
at an "alpha" stage of the coin, it isnt needed(it's welcome, but not a must).

the problem is: a few coins doesn't seem to worry about move to the next stage.... decred and monero are the best example.
both waited WAY too long for an easier to use wallet.

[pepethefrog]

key to coin success is

1) dev who longterm works on project and is not driven by profit
2) community interested in coin
3) commerce (people actually use coin to buy/sell products/services)

everything else is a distraction.

[fortunecrypto]

I never use or have used an etherium based wallet,it's too complicated,even if the coin is interesting,this is one of the problem of etherium based wallet and creating a token out of it,you need to be an advance user to use,newbie will have a hard time using it..

[maydna]

i think wallet is a part of the coin success, without having a good wallet that give a good benefit for the member, then the coins will not get much of member and only use by small people which can not growth as the dev and the team wants. maybe give the update for the wallet in periodically is a good way to proof to the members that the coins have a good progress to grow.

[valley365]

Wallet is certainly not all the success of the coin. Look at dogecoin, when it came out, nothing is new, it was a simple copy-and-paste coin, but it gets popular because of the social media. You never know why some coins are more popular, probably mainly because of the promotion.

[HashZilla]

Just a little update.  I abandoned the Eth Windows wallet and installed the Linux wallet.

It is a little better in that it is actually syncing the blockchain.

So far I have 400,000 blocks left to go at about 4-5000 per hour so I will have access to my money in 3-4 days.

If this is typical, can you foresee a long term future for this coin?

I'm curious why the first 2.3 million blocks take a few hours and the last 500k take days.

[Red-Apple]

well a nice wallet with a nice user interface is always nice, but it is only a perk. in other words it can only help something that is already good to be one step better. but it can not save a project that is shit and surely it can not kill a project that is good.

for instance i don't like bitcoin core GUI and i believe it is not at all user friendly but that doesn't stop bitcoin from success.
on the other hand a shitcoin even if it has the best design, and best GUI it can never become successful.

and also usually programmers are not so concerned about the looks (GUI) because they are nerds who are more comfortable with a black command line rather than a graphical interface. that is why most wallets are bad.

[HashZilla]

well a nice wallet with a nice user interface is always nice, but it is only a perk. in other words it can only help something that is already good to be one step better. but it can not save a project that is shit and surely it can not kill a project that is good.

for instance i don't like bitcoin core GUI and i believe it is not at all user friendly but that doesn't stop bitcoin from success.
on the other hand a shitcoin even if it has the best design, and best GUI it can never become successful.

and also usually programmers are not so concerned about the looks (GUI) because they are nerds who are more comfortable with a black command line rather than a graphical interface. that is why most wallets are bad.

I'm not really speaking of the GUI per se,

I have not been able to get either the Windows or Linux wallets to function recently, and it appears it will be days before I will achieve success if at all.

[HashZilla]

key to coin success is

1) dev who longterm works on project and is not driven by profit
2) community interested in coin
3) commerce (people actually use coin to buy/sell products/services)

everything else is a distraction.

So in my situation, how exactly could I:

1. Maintain interest in a coin that I cannot actually use?
2. conduct commerce without a functioning wallet?

I submit a functioning wallet is no less important than any other component of a currency.

In the absence of a functioning wallet, you have nothing.

[Febo]

It seems to me that adoption of a cryptocurrency depends highly on the quality of the wallet.  How can a coin expect to gain potential users, unless they have a stable, easy to install, easy to use wallet that one can trust with your money?  

Take the Eth Windows wallet for example.  It's dogshit.  There isn't even a readme file with an explanation of the installation or instructions.  You can't specify an install location, whenever you upgrade, it forgets where the keystore is, and the path seems to disappear.  Let's not discuss the performance issues, except that using a 3rd party node is needed to make it reliable and fast.

Getting support for it seems impossible.  Personally, I tried repeatedly to sign up on the Ethereum form, and after 3 months have given up.

Is this a platform that new crypto clients will be impressed with and will rave about?  Fuck No!

Therefore, I think Shitty Wallet = Shitty coin.

End rant.

I disagree with you. Adoption of cryptocurenty will highly depends of its usefulness. If it dont bring anything new to the Crypto table no one will use it.  Ofcourse infrastructure like a useful wallet will help with adoption. But wallet is only a small part of infrastructures. What is most funny is that we dont even know what else will be needed fro Crypto. That infrastructure was not even invented yet. Infrastructure that will in 20-50 years from now be a solid base to wider crypto adoption.

[bbc.reporter]

All the comments made are naive. First define success. Is it to become a self sustaining ecosystem with an economy that is supporting the coin and at the same time the coin is supporting it as well?

Do you think a good wallet will help a cryptocoin reach that level of success?

[Cryptotraider16]

Yes wallet is real important!
LEOcoin wallet will soon have pgo messages over blockchain so 100% secure messages! Cant wait!

[digaran]

Wallet= bank account, though as there are so many banks in the world and each one has it's own features and usability therefor we should have as many wallets in crypto also a wallet must have mining capability without the need for a pool.
I don't get it, how can newly developed altcoins have a pool from the start? people suppose to solo mine them first and then when difficulty increased they create pools.

Most of the wallets in crypto are bitcoin's clone.