ProblemsMotivations.md

This is a list that collects problems and motivations related to crypto wallets in general. This is not focusing on a specific implementation.

While we already have a working wallet it is important to get back to the basics and re-evaluate: What are the problems we want to solve in real life with a crypto wallet?

So now please sit down and write 5 short sentences that start with, "My problem is, ..."

Warm-up questions:

Regarding crypto...

• What is your biggest problem?

• What is your top three most annoying problems?

• What is your pain-point?

• What do you spend the most time on?

• What do you spend the most money on?

• What is the most important thing for you?

General Problems

First time:

• How and where can I buy bitcoin?
• Which software should I use?
• Where can I get some help if I have problems?
• I had to study Bitcoin before using it, learning curve.

Using the wallet:

• I don't know how to send/receive.
• Who can send me bitcoin?
• I cannot use the software, I don't know what to do there.
• I don't understand specific terminology.
• I don't speak English.
• How much fiat do I have currently in my wallet?
• I am not sure that I am properly doing things. Is my workflow good or not?
• I don't know the exact fees.
• Badly designed wallets. They are ugly.
• Confirmation time and fees how is it related.
• The UI of the wallets are not good.
• Different units used that are unknown sats, bitcoin.
• Unknown and not standardized terms used in different software.
• I have to send my address every time I receive, complicated.
• I want to have only one wallet with one backup, but somehow different profiles to separate businesses.
• I want to have only one wallet even among devices (mobile phone and desktop).
• How can I segregate my transaction history?
• What are the statistics on my receiving and spending habits?
• I am not able to personalize the feature in my wallet.
• I cannot use the same wallet software on every platform (desktop and mobile).
• Interoperability between different wallets, bisq?

Trust:

• How and where can I buy bitcoin?
• Where can I get some help if I have problems?
• Who is storing my money?
• I don't know who to trust?
• Which software should I use?

Education:

• Why bitcoin?
• How is it different from the traditional banking system?
• What happens if I lose my device or it gets stolen?
• I didn't know everyone can see my transactions. I thought bitcoin is anonymous.
• I don't know what kind of private information am I sharing with who, when I am using a wallet. (comparison table)
• I didn't know that I have coins.
• Confirmation time and fees how is it related.
• Different units used that are unknown sats, bitcoin.
• How can I segregate my transaction history?
• I had to study Bitcoin before using it, learning curve.

Feeling insecure:

• I am not sure that I am properly doing things. Is my workflow good or not?
• What happens if I lose my device or it gets stolen?
• I don't know if my wallet is safe if somebody gets my laptop.
• I am not sure that I have written down correctly my mnemonics and stored it safely.
• I am not sure that I have backed up my wallet properly.
• I have to verify a lot of characters when I copy/paste bitcoin addresses, which is scary.

Uncategorized:

• Should I buy bitcoin or altcoins?
• I have to test the wallet in life with real money. What if I do something wrong and lose that money?

Motivations

• I want to invest in bitcoin.
• I want to store my money.
• I want my financial privacy back.
• I don't trust anyone, I want to store and control my own money.