Quote from: netrin on December 30, 2011, 04:48:39 AM

All of these questions are asked - or perhaps should be asked. And the answer invariably contains the notion of keys. Why not call things what they are?: A private local keyring. Keys can be copied and deleted, wallets can not. People generally have multiple keys but one wallet, we can not hide addresses. Addresses are like safe deposit boxes. The analogy of address boxes and keys is easy to understand and very close to the digital reality.

The reason for using existing terminology for new concepts or paradigms is to ease the transition for the masses who are not on the bleeding edge, nor do they care to be.

Think about it in terms of when the automobile was first being produced. They called it a horseless carriage. Some of the early models even had fake horses heads on the front. Why? to ease the transition, to make people feel comfortable with the "new" thing.

Wallet is a convenient, if not entirely accurate, description for the thing that keeps track of you newly acquired crypto currency.

- Zed