alternative to coinomi (android) - page 2.

JollyGood

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As long as users had seeds they would have to go through the inconvenience of finding alternatives for every tiny amount of crypto they stored and even though funds would not be lost forever as long as seeds were backed up, people using their services deserved better.

I suppose one thing that would probably work in their favour as they try to rebuild bridges with the wider community would be the announcement on Medium they made about the relaunch being open source. If the whole project will be completely open source then it should help them regain trust.

Quote from: Pmalek on October 31, 2024, 04:30:58 AM

I understand what you are saying, but to be fair, no one can stop users to import their seeds in other wallets to regain access to the coins and tokens they can no longer engage with after Coinomi started experiencing problems. As long as they keep a backup of their seed and know the derivation paths of the assets they possess, there should be a way to import this data elsewhere.

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Quote from: JollyGood on October 30, 2024, 01:07:50 PM

Anyway, now that they are claiming to be back it cannot negate the fact they abandoned the project and left their users with coins and tokens that were stuck.

I understand what you are saying, but to be fair, no one can stop users to import their seeds in other wallets to regain access to the coins and tokens they can no longer engage with after Coinomi started experiencing problems. As long as they keep a backup of their seed and know the derivation paths of the assets they possess, there should be a way to import this data elsewhere.

bitmover

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Quote from: JollyGood on October 30, 2024, 01:07:50 PM

Coinomi, that is a name I had not heard for a very long time. They were synonymous with being a closed source project therefore there was always going to be a concern. Anyway, now that they are claiming to be back it cannot negate the fact they abandoned the project and left their users with coins and tokens that were stuck.

They will definitely get some sort of traction with downloads but in the end, can they be trusted?

Quote from: bitmover on October 25, 2024, 04:03:52 PM

They have some activity in reddit

https://www.reddit.com/r/COINOMI/

I read there that they are still fixing bugs, and people still can't move erc20 tokens from the wallet (you can just import it to another wallet)

I think no project can be trusted 100%.

I also think that open source is amazing, but there are huge amount of shit open source projects .

Being open source only is not enough for a good wallet. As I said earlier, even with all those valid problems against coinomi, I couldn't find a replacement for it (multicurrency and with all those basic bitcoin features)

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Coinomi, that is a name I had not heard for a very long time. They were synonymous with being a closed source project therefore there was always going to be a concern. Anyway, now that they are claiming to be back it cannot negate the fact they abandoned the project and left their users with coins and tokens that were stuck.

They will definitely get some sort of traction with downloads but in the end, can they be trusted?

Quote from: bitmover on October 25, 2024, 04:03:52 PM

They have some activity in reddit

https://www.reddit.com/r/COINOMI/

I read there that they are still fixing bugs, and people still can't move erc20 tokens from the wallet (you can just import it to another wallet)

bitmover

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Quote from: dkbit98 on October 25, 2024, 03:27:40 PM

Quote from: DaveF on October 25, 2024, 09:06:17 AM

Glad to see they are back and going open source. I hope it all works out.
Tinfoil hat paranoia....is it the same people or did they sell off the entire works to someone else?

If they are using the same website and same github page than they are probably the same people who hired more developers to help them.
I did check their official girhub page and I don't see any activity since 2020, but I think it was mostly used for Coinomi BIP39 Tool.
I see they are getting more active on social media since September, but I think it's better to be careful with this wallet.

They have some activity in reddit

https://www.reddit.com/r/COINOMI/

I read there that they are still fixing bugs, and people still can't move erc20 tokens from the wallet (you can just import it to another wallet)

dkbit98

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Quote from: DaveF on October 25, 2024, 09:06:17 AM

Glad to see they are back and going open source. I hope it all works out.
Tinfoil hat paranoia....is it the same people or did they sell off the entire works to someone else?

If they are using the same website and same github page than they are probably the same people who hired more developers to help them.
I did check their official girhub page and I don't see any activity since 2020, but I think it was mostly used for Coinomi BIP39 Tool.
I see they are getting more active on social media since September, but I think it's better to be careful with this wallet.

bitmover

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Quote from: DaveF on October 25, 2024, 09:06:17 AM

Glad to see they are back and going open source. I hope it all works out.
Tinfoil hat paranoia....is it the same people or did they sell off the entire works to someone else?

Obviously, there is no way to know but after going silent for so long it's juts one of those things to think about.

From their medium post

Quote

Giannis Ntzegkoutanis, the original founder of Coinomi Wallet, has reunited the original team and is partnering with Eucalyptus Labs to once again

I think it is ok as long as the original founder is still in the team and giving updates.

For now, the wallet just need some bug fixes and updates on nodes etc... Some wallets such as monero simple didn't have any connection to a node, breaking the wallet. Fixes looks easy.

How will they make money now? Just for the integrated exchange inside the wallet? I think the way the project makes money is very important, to keep the project alive.

DaveF

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Glad to see they are back and going open source. I hope it all works out.
Tinfoil hat paranoia....is it the same people or did they sell off the entire works to someone else?

Obviously, there is no way to know but after going silent for so long it's juts one of those things to think about.

From their medium post

Quote

Giannis Ntzegkoutanis, the original founder of Coinomi Wallet, has reunited the original team and is partnering with Eucalyptus Labs to once again

But in the end there is no real way to prove who is doing what.

-Dave

ABCbits

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Quote from: LoyceV on October 12, 2024, 10:03:30 AM

Quote from: bitmover on October 12, 2024, 06:12:43 AM

and I don't understand all the hate on them over the last few years.

I understand it: there was complete silence from them, and I couldn't move my Monero dust for years until I manually recovered it. The whole point of a mobile hot wallet is being able to move coins at any time.
It's going to take more than saying "we're back" to win back confidence.

Don't forget that some people don't like Coinomi going closed source. There's also accusation that Coinomi being careless when handling recovery words which explained on https://avoid-coinomi.com/.

LoyceV

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Quote from: bitmover on October 12, 2024, 11:34:42 AM

But your coins were never lost, you could recover them using the seed.

Yep, but it was annoying to do, which is why I waited so long. It's also a last resort, after I completely gave up on hoping for a software update.

Quote

Developing costs money, and even maintenence costs money.

Nothing changed there. So why would they last longer this time?

Quote

I do understand that when we use products for free, such things may happen.

I use a lot of free software, until I no longer like it. It's annoying having to switch, which is another reason I won't easily switch back.

Quote

As I said, every other wallet that I tried is much worse.

Agreed. I haven't found a decent multicoin wallet that includes Monero.

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Quote from: ABCbits on October 12, 2024, 04:48:02 AM

I did quick check and it seems they also write this blog post, https://medium.com/coinomi/coinomi-reviving-our-legacy-reigniting-our-vision-df6eed9d0312. They claim they'll back to open source and support more blockchain network.

Quote from: dkbit98 on October 10, 2024, 02:46:17 PM

Quote from: Forsyth Jones on October 09, 2024, 06:23:50 AM

Coinomi wallet returned to having updates on 04/10/2024 after 2 years, on iOS we have the following changelog:

They are coming back and they are already announcing adding new coins... that is not a good sign Tongue

I agree. There's no mention of fixing broken feature or bringing back server/service for certain feature.

It's great that they're planning to open the code again. There's no justification for making a bitcoin wallet's code closed, they should never have done that. But the decision to go back to open source is good news.

I've only used Coinomi very little because it's closed source, despite its cool features.

To make it better, they could provide support for P2TR addresses for BTC and, in the future, sylent payments.

Speaking of wallets that are similar or close to Coinomi, like Stack Wallet, I liked it because it doesn't have as many altcoins. I think having too many altcoins is a problem because it's more code to deal with and more room for error. Something similar to the derivation path vulnerability in the ledger could happen.

But anyway, I'm happy with Coinomi's return and their decision to open the code again, because it's another option for us users.

Quote from: bitmover on October 12, 2024, 06:12:43 AM

Exodus is way worse is basically every aspect.

I am very happy to see they are back, and I don't understand all the hate on them over the last few years.

Yes, exodus is horrible, closed source... it seems like they try hard to scare users away with that horrible UI, of course it's a good wallet for anyone who wants to use shitcoins, now that coinomi is apparently back, it will compete directly with exodus.

I hope coinomi will also support air-gapped hardware wallets and common HWs (with USB connections) in the future.

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Quote from: LoyceV on October 12, 2024, 10:03:30 AM

Quote from: bitmover on October 12, 2024, 06:12:43 AM

and I don't understand all the hate on them over the last few years.

I understand it: there was complete silence from them, and I couldn't move my Monero dust for years until I manually recovered it. The whole point of a mobile hot wallet is being able to move coins at any time.
It's going to take more than saying "we're back" to win back confidence.

But your coins were never lost, you could recover them using the seed.

Developing costs money, and even maintenence costs money.

I do understand that when we use products for free, such things may happen.

As I said, every other wallet that I tried is much worse. I am happy to be able to uninstall exodus soon

LoyceV

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Quote from: bitmover on October 12, 2024, 06:12:43 AM

and I don't understand all the hate on them over the last few years.

I understand it: there was complete silence from them, and I couldn't move my Monero dust for years until I manually recovered it. The whole point of a mobile hot wallet is being able to move coins at any time.
It's going to take more than saying "we're back" to win back confidence.

bitmover

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Quote from: LoyceV on October 09, 2024, 06:29:56 AM

Quote from: Forsyth Jones on October 09, 2024, 06:23:50 AM

On Android:

Quote

Open Coinomi to learn more!

I'm not in a rush to install it again, especially since they're not really giving me a reason. I don't care about supporting a new version of Android. I wouldn't even call that an update.
If you've tested it: does Monero work again? It hasn't worked for years, so they'll need to do a bit more than saying "we're back". They could start by explaining why they ignored their wallet for all those years.

I am going to confess: I haven't uninstalled coinomi.

I have tried several wallets: Aqua, Exodus, Unstoppeable, etc....

None of them is nearly close the coinomi in terms of features for a bitcoin wallet (the main use for me).

I haven't found a single wallet whichi allowed me to sign messages, to control UTXO, to have multiple address formats.... Coinomi is simple one of the best and most complete (if not the best and most complete) bitcoin wallet for android. Additionally, it also support a decent amount of coins like USDT ETH LTC and any other shitcoin you might need

Exodus is way worse is basically every aspect.

I am very happy to see they are back, and I don't understand all the hate on them over the last few years.

Their last update in Android was 12 September 2024
https://play.google.com/store/apps/details?id=com.coinomi.wallet

ABCbits

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I did quick check and it seems they also write this blog post, https://medium.com/coinomi/coinomi-reviving-our-legacy-reigniting-our-vision-df6eed9d0312. They claim they'll back to open source and support more blockchain network.

Quote from: dkbit98 on October 10, 2024, 02:46:17 PM

Quote from: Forsyth Jones on October 09, 2024, 06:23:50 AM

Coinomi wallet returned to having updates on 04/10/2024 after 2 years, on iOS we have the following changelog:

They are coming back and they are already announcing adding new coins... that is not a good sign Tongue

I agree. There's no mention of fixing broken feature or bringing back server/service for certain feature.

dkbit98

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Quote from: Forsyth Jones on October 09, 2024, 06:23:50 AM

Coinomi wallet returned to having updates on 04/10/2024 after 2 years, on iOS we have the following changelog:

They are coming back and they are already announcing adding new coins... that is not a good sign Tongue

Quote from: Forsyth Jones on October 09, 2024, 06:23:50 AM

It's good that it's back, it was hard to find a viable alternative for a multi-currency wallet, the one that came closest to this goal (which I consider better to a certain extent) is Stack Wallet (or Stack Duo for only Bitcoin and Monero).

There is also Unstoppable wallet and Cake wallet as good open source alternatives, and I consider them better than Coinomi.
Cake wallet also have some advanced privacy features like Silent Payments, and they announced support for mweb Litecoin addresses in latest pre-release.

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Quote from: LoyceV on October 09, 2024, 06:29:56 AM

-

I haven't tested Monero, i haven't used Coinomi for years, especially since there was no update for a long time.

I agree with you, today Stack Wallet, in addition to supporting Monero, is completely open source, supports P2TR addresses and the desktop versions are much more up-to-date.

But let's see if now, in addition to giving a plausible explanation to the community, they will continue to work on its development.

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Quote from: Forsyth Jones on October 09, 2024, 06:23:50 AM

On Android:

Quote

Open Coinomi to learn more!

I'm not in a rush to install it again, especially since they're not really giving me a reason. I don't care about supporting a new version of Android. I wouldn't even call that an update.
If you've tested it: does Monero work again? It hasn't worked for years, so they'll need to do a bit more than saying "we're back". They could start by explaining why they ignored their wallet for all those years.

Forsyth Jones

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Coinomi wallet returned to having updates on 04/10/2024 after 2 years, on iOS we have the following changelog:

Quote

- Support WalletConnect v2

Coinomi is back! Get ready for fresh features, top-tier blockchain support, and fixing pesky bugs. Open Coinomi to learn more!

On Android:

Quote

- Support for Android 14

Coinomi is back! Get ready for fresh features, top-tier blockchain support, and fixing pesky bugs. Open Coinomi to learn more!

It's good that it's back, it was hard to find a viable alternative for a multi-currency wallet, the one that came closest to this goal (which I consider better to a certain extent) is Stack Wallet (or Stack Duo for only Bitcoin and Monero).

DaveF

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ETH is now back working. Still no communication from the Coinomi devs.
If you have not bothered to get your ETH (and tokens out) now would be a good time to to it.

Might work for years, might not make it through the weekend.

-Dave

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