Public address complexity and economy of a coin

[AppliedOptimal]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

These things are first come first served, and usually (as in bitcoin), people who grab the good names first tend to get rich beyond belief.
So, what do you think? Can you beat me? My position =1, I am the number 1, the champion

[1714654711]

1714654711

[GoldSpectre]

I think for both newbie and regular user . Multiple  complicated wallet address can be huge problem especially you need send out thousand or more worth of coin. I don't think anyone would like to send/lost their coin to wrong address so an easy to remember digital name could be very helpful in long term for everyone

[ecnalubma]

This a good initiative however its a bit scary if you are being targeted by bad actors they can see your consolidated crypto balance, I assume I'm wrong with my understanding about the concept of this project. Somehow I like this, it will add more convenience in sending and receiving crypto funds and could help prevent mistakenly sending crypto to wrong addresses.  

[NathanJB]

The more complicated the address is, the better security it gives to the owner and to the funds. Public addresses are perhaps not designed to just be a mere common word or something that could easily be remembered. I am not sure but since they are digitally generated and several millions and millions of it are being created, addresses will end up like the way we have now.

[Wexnident]

The more complicated the address is, the better security it gives to the owner and to the funds. Public addresses are perhaps not designed to just be a mere common word or something that could easily be remembered. I am not sure but since they are digitally generated and several millions and millions of it are being created, addresses will end up like the way we have now.

This is the truth. Making a public address easier would rather defeat the security of sending coins to others. Though it does make crypto look very complicated since addresses are randomly assigned. In fact, addresses are in no way conplicated as a user. If you were the programmer, then assigning random addresses to each would be confusing and hard but as a user, it ain't really that much different with passwords. On this case though, users are just required to save the said address so as to not lose it. Even if they did, they could just make a new one.

[mu_enrico]

There are many workarounds for this issue, for example, use a link shortener service like bit.ly etc., to shorten greenaddress' "permanent payment URL" service.

Hence: your short, easy to remember link -> greenaddress url -> bitcoin address.

Or simply use QR Code. No need to deal directly with complex addresses.

[TrevorS]

I do not think that this will greatly affect the mass adaptation.
The complexity of Bitcoin primarily consists in its use, and the duration of transaction approval.
The names of wallets, long or short, have little meaning, because as a rule, they are simply copied and inserted. The difficulty lies in the consciousness of people who are cautious about bitcoin.

[Casdinyard]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

Complexity of the address isn't the hindrance for adoption as in the first place we don't need to memorize the entire address just to make sure our funds were safe. And the more it gets complicated the more people feel safe and same goes with our password.

Or simply use QR Code. No need to deal directly with complex addresses.

That's the best way we could have done.

[CryptoBry]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course. People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.

Your post reminded me the very first time I saw a Bitcoin address and tell you what I was actually shocked a little to see that long line of numbers and letters right before my eyes. Well, admittedly, I am used to the way PayPal is handling this thing which means you only need an email address and that's it. Yes, it could have been better if the address is shortened especially for those who are just new...definitely there is a perceived learning curve ahead of the user just looking at the address. Let's see how DigitalNames.io can be solving this problem. I am now looking at the site to see if this can be good for me too.

[ashmodeus]

of course its must be like that.
Do you want your address to be as simple as possible so that it's easy to remember? even for people who might be able to hack your address?
i just think, simple is not good for crypto, although I'm not a person who understands this, but there must be a separate purpose for why it's so complicated to remember.
well, if u want easy address, just using EOS blockchain btw, there just 12 alphanumberic for identity.

[lesstoothless782]

If the wallet address of every coin is more good and easier I think it would be more efficient to make transactions in each of every coin. And I think the adaptation will be more good because they will not take a hard time to memorize their wallet address. If we will have more easier wallet address that we can customized.

[Wexnident]

Your post reminded me the very first time I saw a Bitcoin address and tell you what I was actually shocked a little to see that long line of numbers and letters right before my eyes. Well, admittedly, I am used to the way PayPal is handling this thing which means you only need an email address and that's it. Yes, it could have been better if the address is shortened especially for those who are just new...definitely there is a perceived learning curve ahead of the user just looking at the address. Let's see how DigitalNames.io can be solving this problem. I am now looking at the site to see if this can be good for me too.

Gotta agree. When I first saw a bitcoin address, I was immediately shooked since I was pretty sure my mind refused to acknowledge its existence because of all the mix-ups of letters and numbers. Well, bitcoin is a growing community so someone producing a solution for such a long line of numbers and letters for the address was bound to show up. A pretty neat idea not gonna lie, I am gonna wait for some big companies to adopt it and gonna try it out somehow.

[Assface16678]

Already applied to it! Am gonna try and test out the waters since the idea seems pretty neat and cool. Most people would probably see a line of addresses and they'd get afraid of it since it looks quite a complicated code or something similar. Having this types of address should be user - friendly and should help people in accepting the existence of crypto and should help in adoption of it in the common masses.

of course its must be like that.
Do you want your address to be as simple as possible so that it's easy to remember? even for people who might be able to hack your address?
i just think, simple is not good for crypto, although I'm not a person who understands this, but there must be a separate purpose for why it's so complicated to remember.
well, if u want easy address, just using EOS blockchain btw, there just 12 alphanumberic for identity.

Well, as far as i understand, it just creates a name for the address itself. The address is still a randomized code made and should still be inaccessable for the hackers. Besides, they already implemented a security plan for such events so lets just wait and see what happens.

[Theb]

If we go to that line of thinking then banks wouldn't be successful right now. I'm talking about long bank account numbers (even the short ones), even I for a long time haven't memorize it until now so as other people I know who still look at the back of their credit/debit card and open there mobile bank accounts just to state their account numbers to me. If you think long and complicated Bitcoin addresses are the main obstacle for mass adoption then think again, remember we are in the digital age and most people I know just copy and paste their addresses rather than type it character by character, this alone eliminates your problem with long addresses. It may look like a steep learning curve for those who are still starting but it's actually easy and I think even the older generation who had accessed their bank accounts with their mobile phones would be familiar with the operations of a crypto wallet.

[target]

This is sort of an alias which had been used in some platforms like bitshares and waves platform. Its going to help but will also be dangerous when it comes to scams. Impostors in crypto are very common because they know once BTC is sent it can't be disputed to be taken back.

Even "Theymos" was impersonated here in the forum along time ago when one impostor named himself  "Theyrnos" looks very similar but really not. I think impostor successfully scammed some coins.

[teosanru]

Actually reason for such complicated and long addresses is that these addresses are generally not formed in a serial manner therefore there is almost no pattern you would observe in address generation. Moreover considering the large amount of people entering the crypto market such long addresses with basically no phrases all the letters being a mere collection of alphanumeric digits is necessary. Also these help in reducing losses too. As most of the people don't prefer to type that chances of error are lesser. However the best practice is to type a few letters as that would ensure no keyloggers are using your clipboard to alter the addresses. Also typo would do nothing as transaction will never be broadcasted due to an invalid address.

[Jiddyyy]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

These things are first come first served, and usually (as in bitcoin), people who grab the good names first tend to get rich beyond belief.
So, what do you think? Can you beat me? My position =1, I am the number 1, the champion

https://i.ibb.co/Wkr8mBT/Clipboard01.jpg

In terms of ranking, it is hard to climb up that fast. But I can do my best to reach the top and achieve one of the goal and that is to make digital names more famous because I know how awesome this is, and how can it help every user to make their transaction safe and easier.

[Motorista]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

These things are first come first served, and usually (as in bitcoin), people who grab the good names first tend to get rich beyond belief.
So, what do you think? Can you beat me? My position =1, I am the number 1, the champion

https://i.ibb.co/Wkr8mBT/Clipboard01.jpg

In my own personal opinion, using complex address is prone in making mistakes upon receiving payments because of mistyping wallet addresses, that is why it is helpful if we store these long addresses into a simple names for us to avoid mistakes in entering our addresses.

[Katashi]

There are many workarounds for this issue, for example, use a link shortener service like bit.ly etc., to shorten greenaddress' "permanent payment URL" service.

Hence: your short, easy to remember link -> greenaddress url -> bitcoin address.

Or simply use QR Code. No need to deal directly with complex addresses.

Best answer so far on this thread! the long public address is created for a reason such as adding layer for the security, being unique and making hard for scammers to imitate. the idea of converting public address into a digital name is pretty good but the problem is it will be easy to replicate if you choose an easy to remember digital name.

[ecnalubma]

There are many workarounds for this issue, for example, use a link shortener service like bit.ly etc., to shorten greenaddress' "permanent payment URL" service.

Hence: your short, easy to remember link -> greenaddress url -> bitcoin address.

Or simply use QR Code. No need to deal directly with complex addresses.

Best answer so far on this thread! the long public address is created for a reason such as adding layer for the security, being unique and making hard for scammers to imitate. the idea of converting public address into a digital name is pretty good but the problem is it will be easy to replicate if you choose an easy to remember digital name.

Yes undeniably QR code is the best way so far, but the real challenge to this company now is the feasibility of the project and there are lot of things need to consider specially the security features which most users are more concern of.

[Leyss]

The complex public addresses of our wallets is not at all a problem for cryptocurrency users. There is no need to hide these addresses from someone, because having the public address of our wallets, nobody can harm us anyway. Therefore, addresses can be kept free, without the necessary precautions that we use when dealing with the secret keys of our wallets. We simply copy and paste them if necessary, and it is not so important whether it is complex or not.
The public address of the wallet is also complicated, since such addresses need a very large number, and to preserve the identity of the address, you need a large character set.

[pleasedont]

I do not think that this will greatly affect the mass adaptation.

I guess the main goal of the project is to have a convenient use of wallet addresses giving more comfort with sending and receiving. Mass adaption has noting to do with this, it might affect but not that really noticeable since market is speculated.

[Da_ShivamGarg]

Always glad to know projects like this they are really solving a big issue if you will ask me who had lost nearly $400 just because of typo error in the address. I want to be one of the early digital name buyers for my address so I can get an awesome name before someone will pick it.
But I have one question
Is it free to have a digital name or they will take charge like domain name?

[Kakmakr]

OP, there seems to be some confusion about the goal of your topic, because some people replying to your thread are talking about domain names <websites> and other are talking about the long complex addresses that are used for Bitcoin addresses.

So just to be clear, do you want people to talk about complex domain names or do you want to talk about a method to make Bitcoin addresses shorter?

Whatever is done, should not be done via third party services, because it would compromise Bitcoin's security. 

[leavolnhals]

I am quite confusing with your comments. About the address easy to remember? why? We only need to remember the private key or a tool to open the wallet.
If the address is too easy to remember, then it will not be able to create billions of wallets because it only exists a few characters.

[panganib999]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

These things are first come first served, and usually (as in bitcoin), people who grab the good names first tend to get rich beyond belief.
So, what do you think? Can you beat me? My position =1, I am the number 1, the champion

Regardless of the generation they are born, be it a person from computer age or not, no one wants complexity as much as possible because everyone is after convenience and smooth sailing transactions. That's why technology keeps on innovating things, for people to have easier and seemless process of doing things and same goes with cryptocurrency. And I agree that just seeing how complex the address people that isn't fond of computers and codes will lose their interest in entering crypto space no more, making the adaption of cryptocurrency slower.

[Genemind]

I don't actually see its complexity as a negative thing because it provides security at the same time. It was created for a purpose and I'm sure that everyone is benefiting from it. It doesn't even affect the market situation or even coins. It's necessary that our addresses are safe and would be hard to be targeted.

[wambowambo]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

These things are first come first served, and usually (as in bitcoin), people who grab the good names first tend to get rich beyond belief.
So, what do you think? Can you beat me? My position =1, I am the number 1, the champion

The feature of this one is commendable indeed since it shortens the address that we have. In that case, transaction will become much more secured and we cannot commit any more mistake in putting our address since it is not short and easy to memorize.

[febriyana]

Yes that is maybe a problem with having complex address with random word and number, i also hard to educate to old people like my parent about how wonderful cryptocurrency. I already try it... but the reason is same that is complicated. Technology created to make human more easy to use tools. In Bitcoin the address is complicated and not possible to remember.
QR Code maybe also the answer about complexity, but still we need check the address first, if wrong our fund can go nowhere. That is also another reason, payment cant canceled! 

[alexnambawan]

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.

Even techy people or us that have been already in the crypto world for a while, still experienced making mistakes with our address. What more for non-techy and newbie users? Actually making it a simple address don't just help to attract other people but is also helpful to us to avoid mistakes.

[micher143]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.

Recognizable names also is a factor in our economy. It promotes safe, faster and easy transaction to avoid complicated addresses. Shorter addresses provides assurance for those who don't want to lose something in them/ Also for beginners to start their crypto activities secured and successful. For example, Digital names is good in making you an easy to understand wallet address and avoid complex addresses.

[AniviaBtc]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

Having less complex addresses is a hassle for you. So use a lesser characters in names to promote much safer and easier transactions. Easy to understand address can prevent loss and provides assurance in the transactions. You'll not confuse yourself about the addresses and also the other people. Simpler address will do and helps develop the crypto community.

[NathanJB]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

Having less complex addresses is a hassle for you. So use a lesser characters in names to promote much safer and easier transactions. Easy to understand address can prevent loss and provides assurance in the transactions. You'll not confuse yourself about the addresses and also the other people. Simpler address will do and helps develop the crypto community.

Simpler addresses do not matter much to the crypto community. So what do you mean by they helps develop the crypto community? In fact, complicated and long addresses protect the crypto community in some ways. Addresses which are long and complicated are hard to remember and copy, unlike simple addresses. And since it is always encouraged to use multiple wallet addresses, or even a single wallet address per transaction, addresses will really get more complicated in due time. 

[leexhin]

Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.

Having less complex addresses is a hassle for you. So use a lesser characters in names to promote much safer and easier transactions. Easy to understand address can prevent loss and provides assurance in the transactions. You'll not confuse yourself about the addresses and also the other people. Simpler address will do and helps develop the crypto community.

Simpler addresses do not matter much to the crypto community. So what do you mean by they helps develop the crypto community? In fact, complicated and long addresses protect the crypto community in some ways. Addresses which are long and complicated are hard to remember and copy, unlike simple addresses. And since it is always encouraged to use multiple wallet addresses, or even a single wallet address per transaction, addresses will really get more complicated in due time. 

That is what the project is trying to achieve, the complicated address is hard to remember and so prone to mistakes by the owner. Having a shorter one is good and still have the high security just like for the long addresses.I think this will be very helpful to crypto space, we'll once it launched.

[jamesndungu1]

Most people who use cryptocurrencies are millennials they are tech savvy, they follow instructions on YouTube and Tutorials and are quick to grasp and understand and adopt new technology easily, on my part the complexity involved in cryptocurrency addresses might prevent old folks from cryptocurrencies investing and this affects the adoption rate, the new use of names, emails and usernames in blockchains will help in the adoption of cryptocurrencies and I believe this is the new trend that should solve the complexity of addresses in cryptocurrencies for new comers.