I'm sick of managing multiple BCH wallets & balances & seeds on memo.cash, blockpress.com, yours.org, honest.cash, telescope, etc. To make things easier for adoption, we should allow one BCH balance for all spending, and new apps & services should allow importation of seed words.

Just look at the disaster with Yours.org. Many people didn't write down their Yours.org seed words, and now they're locked out of their Yours.org BCH balances.

The path forward should probably be through the Telescope browser add-on or badgerwallet.cash, with seed word importation. Telescope project is currently managed by u/adangert and funded by Bitmain.

This way, people can maintain one big BCH balance on a hardware wallet (like Ledger), and a smaller "spending" BCH balance on a Bitpay-compatible wallet, like Bitcoin.com wallet.

Import the Bitcoin.com wallet BCH seed words (BIP39; derivation path 44/0/0/0) into Telescope, and people could then operate off of one BCH balance & seed words that they control.

• Use Bitcoin.com wallet to buy something from a Bitpay-compatible merchant, like NewEgg.com, NameCheap.com, Apmex.com, etc.

• Use Bitcoin.com wallet on your smartphone to pay your friend for lunch, face-to-face.

• Use the Telescope browser add-on to click & tip your favorite youtubers & bloggers, wherever they post a BCH address in plain text.

• Use the Telescope browser add-on to upvote & tip on BCH-based social media sites (like memo.cash, blockpress.com, yours.org, honest.cash, etc). BCH-based sites could give people the option to click their mouse to upvote or tip, and if the Telescope browser add-on sends the right BCH payment, the upvote or tip is registered by the website. With BCH & 0-conf, this should be able to work.

• Use the Telescope browser add-on to upvote & tip on BCH-based moneybutton-style services (like Gateway.cash). Same as above, with 0-conf.

• All of the above functions would operate off of one BCH balance & set of seed words, stored only in software wallets (like Bitcoin.com wallet, and Telescope browser add-on wallet), and give users the option to keep their wallets & seed words away from social media websites.

• If ANY of those above websites or services freeze up or disappear, it's no big deal, because you still have full access to your BCH balance & seed words on your Bitcoin.com wallet.

• If you need to manage any forked coins (like BSV), you can import the seed words into Electron Cash wallet, split & send coins, etc.

IMHO, that would make the BCH ecosystem more scalable for normie users.

submitted by /u/normal_rc
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source https://www.reddit.com/r/btc/comments/a0ejuo/im_sick_of_managing_multiple_bch_wallets_balances/