Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - No-premine, No-ICO, No-Dev Tax - 100% Community
by
BadAstroZA
on 26/10/2017, 03:18:53 UTC
So I had an idea for BitcoinZ and I will crosspost this on Slack/forum:

What about an optional means of linking your wallet address to an easy wallet name. The addresses could be stored on the blockchain somehow as well and only the owner of the wallet can change the 'easy name'.
What you do is send 1BTCZ to a wallet address, including a memo. The memo is the name you want your wallet to have. The send-to address is the dev donation address.
You will be protected from someone else using your name because only someone with your private key will be able to have sent in the first place.

The goal is to make sending very easy and simple for those who aren't worried about privacy/anonymity. I can have my private BTCZ wallet if I want (fully anonymous etc), and I can have one with an easy name. So for instance I just lock in 'BadAstroZA' by sending 1BTC to the devs, and any time in future I want a BTCZ payment, that's all I need to provide. It can also be an email address, or any string of valid characters supported by the memo.

This will reduce the need for a cumbersome long wallet address/QR code if not convenient. Are there any cryptocurrencies that offer something like this? It's the same as sending BTC/ETH/LTC to someone's email address if they have a coinbase account, for instance. I think anything that simplifies use and reduces barriers to widespread adoption can only be a good thing.

What are your thoughts?