Post
Topic
Board Economics
Re: Public address complexity and economy of a coin
by
NathanJB
on 16/10/2019, 04:19:25 UTC
Ok, do you think the complexity of public address affects the economy of a coin or a chain? For example, if bitcoin had an easy to remember the address, would it be adopted more readily? The same question is valid for ETH, of course.

People are irked by complex addresses and one of the reasons old folks are not into crypto is because everything is too complicated, as they are not computer age people like us. They like it simple and I tend to think that simpler addresses would help them adapt, and improve the crypto economy.
I found this site because a friend recommended it and all I did was enter my email and reserved a good name for myself. I am one of the people who missed the .com craze because I did not care to get a good domain name, although I could because I knew about it, now I am not gonna miss that one.


Having less complex addresses is a hassle for you. So use a lesser characters in names to promote much safer and easier transactions. Easy to understand address can prevent loss and provides assurance in the transactions. You'll not confuse yourself about the addresses and also the other people. Simpler address will do and helps develop the crypto community.

Simpler addresses do not matter much to the crypto community. So what do you mean by they helps develop the crypto community? In fact, complicated and long addresses protect the crypto community in some ways. Addresses which are long and complicated are hard to remember and copy, unlike simple addresses. And since it is always encouraged to use multiple wallet addresses, or even a single wallet address per transaction, addresses will really get more complicated in due time.