Are we talking about brain wallets here??? Where is the difference?
https://www.bitaddress.org has the feature to create a wallet on the base of a password...
A name whould be not the best solution... How do you protect those names from beeing hacked if too common???
Or do you mean the address will contain that name and try until it gets the intials right?
Without the ability to make cold storage wallets on my personal system i whould not consider it as too safe...
But i am happy to hear about the security applied if you could point the system out a bit more specific maybe with 1-2 screenshots???
Cheers!
Here some design ideas for wallets i made for my own... will share them in the near future. it includes all functions of paper wallets and escrow methods actually implemented in different scripts, decrypt-encrypt, direct escrow, third party escrow... just have to manage the design and organization still...
http://underground-revolution.eu/btc/debitpaperwallet.htmlhttp://underground-revolution.eu/btc/paperwallet.htmlhttp://underground-revolution.eu/btc/ruspaperwallet.htmlhttp://underground-revolution.eu/btc/yenpaperwallet.htmlhttp://underground-revolution.eu/btc/anonpaperwallet.htmlEnjoy paper wallets... save website complete or send me pm if interested in the final script for your personal use.
There is testing money issued by the bank of china... built of rice paper, feeling very authentic... you can print those
And glue it on the other side of the bill... Voila... you have a bill
Looking forward to hear about this concept.