of course wallet is a important feature of the coin.
crypto world isnt made only by computer geeks, there are investors who doesnt know all about computer but still want to throw some money on it.
The wallet needs to be simple and clean, otherwise adoption will be a problem.
Topic: Is the wallet the key to coin success? (Read 1323 times)
not at all!
the wallet is only what we see on the outside and success is much deeper than just looks. and even if you could by a chance pull it off with a good outside and cosmetics be sure that coin can not live long enough.
"success" in altcoins is adoption if you ask me and as long as they are not thinking about real world applications for their altcoin to be used they will never be adopted and never become successful.
the wallet is only what we see on the outside and success is much deeper than just looks. and even if you could by a chance pull it off with a good outside and cosmetics be sure that coin can not live long enough.
"success" in altcoins is adoption if you ask me and as long as they are not thinking about real world applications for their altcoin to be used they will never be adopted and never become successful.
I don't think so,wallet not relate with coin success.Coin success when potetial is huge and everybody like it
Important for success imo is: easy installation, as many platforms incl mobile as possible, practical use, not too many graphics.
This is also what I'm looking for a coin,if a newbie looked at it and there's a lot of confusion in the installation of wallet,they might think that crypto currency or that coin is not for them and might look at other coin or not install the wallet at all and discard their interest.
A wallet can not make or break a coin. Promotion can.
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.
As the Linux wallet got to syncing the last 100,000 blocks it started to speed up significantly, and completed them in 1 hour.
Then the wallet locked up solid. Took a few tries to kill the process.
A reboot and restart and it works, and shows my balance, and syncs in "real time".
However, the 36 hours of syncing seems like a waste of time, not a single one of my previous transactions was found.
Verdict: 0 wallets out of 2 functioning properly.
I'm curious if this is typical. Is anyone willing to attempt & document an ETH wallet install? Or any other wallet? This could be a good science project. Feel free to post your results.....
Here's my sample:
Wallet: Eth Linux amd64 GUI wallet (not Mist)
Start time: Dec 24, 1:10pm CST
Completion Time: Dec 26, 11:30pm CST
Total sync time: 46hr, 10 min.
Data size: /home/user/ethereum is 86GB (!)
Errors: 1. Wallet Locked up after Syncing entire block chain.
2. Wallet does not display previous transactions from accounts added to keystore at begin of sync.
Then the wallet locked up solid. Took a few tries to kill the process.
A reboot and restart and it works, and shows my balance, and syncs in "real time".
However, the 36 hours of syncing seems like a waste of time, not a single one of my previous transactions was found.
Verdict: 0 wallets out of 2 functioning properly.
I'm curious if this is typical. Is anyone willing to attempt & document an ETH wallet install? Or any other wallet? This could be a good science project. Feel free to post your results.....
Here's my sample:
Wallet: Eth Linux amd64 GUI wallet (not Mist)
Start time: Dec 24, 1:10pm CST
Completion Time: Dec 26, 11:30pm CST
Total sync time: 46hr, 10 min.
Data size: /home/user/ethereum is 86GB (!)
Errors: 1. Wallet Locked up after Syncing entire block chain.
2. Wallet does not display previous transactions from accounts added to keystore at begin of sync.
For me.is key....I wont get on board of a coin That dont have a Light n bugfree Walllet
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.
But if you are looking for ETH's wallet, you can try using https://jaxx.io it is easy and simple be used, I have used it for save ETH and other coins and it is safe, I don't get anu problem.
Important for success imo is: easy installation, as many platforms incl mobile as possible, practical use, not too many graphics.
This is also what I'm looking for a coin,if a newbie looked at it and there's a lot of confusion in the installation of wallet,they might think that crypto currency or that coin is not for them and might look at other coin or not install the wallet at all and discard their interest.
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.
well in general I like the good wallets as everyone else here I guess , but it definitely has nothing to do with the coin success
and you gave the Ethereum example , but Ethereum today is the 2nd coin in the market cap so it definitely has nothing to do with the wallet
PS I hate ETH and I hate everything related to it , but your topic doesn't make sense
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.
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.
Yes wallet is real important!
LEOcoin wallet will soon have pgo messages over blockchain so 100% secure messages! Cant wait!
LEOcoin wallet will soon have pgo messages over blockchain so 100% secure messages! Cant wait!
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?
Do you think a good wallet will help a cryptocoin reach that level of success?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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