"Light Account" is a dumb name

in blockchain •  3 months ago 

It's a GREAT idea, but the name doesn't work for me. Let's just call them what they are: "wallet addresses." Because that's what they are. They're just public keys, like a bitcoin wallet addresses, only it's on STEEM. I'm talking about how to describe them to non-STEEM experts. They don't care if named accounts also have wallets. They're not at that point. Once they build a nice balance and a good basis, then they might look into a named account.

These wallet addresses basically will look like this:

STM6qpwgqwzaF8E1GsKh28E8HVRzbBdewcimKzLmn1Rjgq7SQoNUa

You'll be able to just generate as many as you want. More importantly, you'll be able to use a paper wallet that exists entirely offline. The decision to speculate on STEEM all boils down to how complicated the process is to generate a new address. Apps like @roelandp's excellent iOS wallet could generate these addresses too. So there's the possibility of a whole range of key management solutions, from paper-only to Steem Keychain and everything in between.

There's a lot of people who speculate on an asset based solely on the ability to a) make a snap decision and b) get that asset off the exchange. Without the latter, they won't do the former. Which means for 3 years, STEEM has been a no-go for that specific segment of volume.

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I like simply calling them wallet addresses. Avoids confusion.

Hi. Contestkings do good work. The idea came about while I was discussing the free-for-all/scammy nature of competitions/giveaways on the chain, with my mate, @o07.
He decided to set the standard and be a meeting place for those who want to run contests, and those who want to enter them; by only offering listings to contests which don't require upvotes, follows or resteems to enter.
I realise at first glance the contestkings posts might look like one of those automated aggregator spam jobs, but each post in the list is a contest who's author has requested inclusion, and the entire ecosystem has been brilliant for retaining newcomers and giving them some momentum.
Please reconsider your downvotes.

I'm only using my 10% Downvote rubric. Are you suggesting I use a stronger rubric?

I just wanted to make sure you understood the nature of the project. I believe it's adding value to the chain. If you're across what they do and disagree, obviously its your stake.

Amen

This looks like an underappreciated post.
Good stuff.

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good point.

Less confusion, and more ways to store Steem.

There's a lot of people who speculate on an asset based solely on the ability to a) make a snap decision and b) get that asset off the exchange. Without the latter, they won't do the former. Which means for 3 years, STEEM has been a no-go for that specific segment of volume.

True and with fast wallet creation it should work out :) But it should be easy to see for everyone "how to get one"and not like a secret option.

Hi, @inertia!

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Only light account without any social interaction? I don't know how it helps to mass adoption. Still facebook and reddit has more advantageous.

Where does one get such a wallet?