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Yep, it's also terribly unforgiving to use. Lose your wallet password and your money is gone. Fat finger an address sending it to the wrong account and its go
by mrep 9y ago
Yep, it's also terribly unforgiving to use.
Lose your wallet password and your money is gone.
Fat finger an address sending it to the wrong account and its gone.
Bug in someone's code and the coins get stolen in a hack: gone.
- sbenitoj 9y agoDefinitely, the user experience is going to have to improve A LOT. It took a solid 20 years before email was used by grandmothers though, in another 11 years it’s likely to see grandmothers using cryptocurrencies!
- turkeytotal 9y agoAddresses have a checksum so unless the wallet ignores that, a fat finger causing funds loss in that scenario is unlikely. [0] With the newly designed address format there is also error detection. [1] [0] https://bitcoin.stackexchange.com/questions/32353/how-do-i-check-the-checksum-of-a-bitcoin-address https://bitcoin.stackexchange.com/questions/32353/how-do-i-c... [1] https://github.com/bitcoin/bips/blob/master/bip-0173.mediawiki https://github.com/bitcoin/bips/blob/master/bip-0173.mediawi...