Wallet design and mass adoption

Nikola asks: “What conditions should theideal wallet meet?”
Nikola, that’s aquestion that can only be answered if Iunderstand what your particularrequirements are. There is no perfectwallets for everyone.Wallets serve different purposes betterthan other purposes and it reallydepends on what you’re trying to achieve.
It’s a bit like asking the question:”what’s better a Ferrari or anagricultural tractor” and the questionreally depends on what you’re trying todo. If you’re trying to go really reallyfast on a very very flat surface in aclosed track then the Ferrari willperform better for your needs,but if you’re trying to pull four tonnesthrough a muddy fields the Ferrariwill be pretty useless for that task.
Sowhat is the ideal wallet? The idealwallet really depends on what you’retrying to achieve. You have to find theright balance of security, privacy, easeof use for your technical level of skill,cutting-edge features or capabilities,that you’re particularly interested in,such as: the ability to manage fees wellthrough replaced by a fee and child paysfor parent or fee estimationtechnologies, the ability to implementvarious new technologies like: segregatedwitness and patch 32 addresses…All ofthose things might be considerations foryou or they might not be considerationsat all and what you’re looking for issomething that can make paymentsreliably, quickly, efficiently and withoutmuch explanation. So can’t really answerthat question in the general. Chiarelliasks: “With all of the new tokens coinsand changes to existing coins upgradessuch as SegWit, what is your view of onthe ability of wallets to keep up?” Purelythis is actually a good question.
There it is not that easy and we’reseeing that adoption of new technologies is primarily restricted at the point of the user interface. And the reason for that is because a new technology that is introduced into theblockchain or infrastructure can’t actually be used by the end-users until it is part of a wallets user interface. And, unfortunately, it is not that easy to do that. You have to design the user interface, you have to make sure that the user experience is intuitive and consistent, and that the metaphors and user interface modalities you use enhance security rather than undermining security by creating expectations for the users that are intuitive and secure.
So all of those things make it very difficult for wallets to keep up, because user interface design is not easy and when a technology is launched at the infrastructure level then it takes a lotof work for wallets to introduce that successfully to users. We see that also with exchange interfaces not just wallets. And many other environments that involve a lot of users, because new features, as they’re introduced, will also generate a lot of customer service requests and helpdesk requests and people at the helpdesk and customer service desk also need to be trained in the new technology. So, we see a gap and this gap can be anywhere from six months to two years between a new technology being introduced at the blockchain level and it actually being usable by a majority of users at the user interface level.
Tim asks: “What will it take to provide simplicity for mass adoption in terms of signing up with an exchange using various kinds of wallets purchasing all coins etc…Is the interface going to be centralized?” The interface is already centralized.
And, in fact, mass adoption, if mass adoption comes from signing up with a centralized and custodial service, then the decentralized digital currencyexperiment has failed. A centralized custodial exchange is not a decentralized digital currency it’s one thing to use that as an on-ramp so that you can familiar…pardon me…familiarize yourself with this technology and also, perhaps, obtain your first cryptocurrencies but the risks of custodial systems the surveillance and identification required.
The possibility of that information being used against you, especially in coercive, despotic and corrupt regimes is very very high. And these are not decentralized systems. So mass adoption at the expense of decentralization is completely pointless.
If what you want is mass adoption then PayPal is probably a better option than decentralized digital currencies, mass adoption does not matter as much as providing a true alternative to the existing systems and that means maintaining decentralization.

Wallet design and mass adoption обновлено: September 9, 2018 автором: SchBit