Speed Wallet Feedback & Suggestions \ stacker news ~bitcoin

5548 sats \ 25k boost \ 19 comments \ @026ef658fe 11 Dec 2023 bitcoin

Hello Bitcoin enthusiasts,

I'm Jay, CEO of Speed Wallet. Our team of 20 developers is dedicated to creating an exceptional Bitcoin spending experience with Speed Wallet.

We're seeking community feedback on our iOS and Android applications, and we're in the process of launching web and Chrome versions to offer an integrated experience across all platforms.

If you haven't tried Speed Wallet yet, you can download it here: https://onelink.to/speed-wallet

Your feedback is invaluable, and we're committed to actively implementing your suggestions.

Note - Speed wallet is custodial spending wallet. We do not recommend to use Speed wallet for storing bitcoins.

Regards, Jay

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102 sats \ 6 replies \ @DarthCoin 11 Dec 2023

LOL 20 developers for a custodial wallet? WTF you guys are doing there to need so many devs?

Meanwhile open source and self-custodial wallets are made with 1-2 main developers ONLY ande mostly without VC funding...

Zeus - 1 main dev + some community help Blixt - 1 main dev + 2-3 community help Mutiny - 2 main devs + 1 OBW - 1 main dev Electrum - 1 main dev + community help ... and the list goes on and on

30 sats \ 0 replies \ @Natalia 11 Dec 2023

Zeus - 1 main dev + some community help Blixt - 1 main dev + 2-3 community help Mutiny - 2 main devs + 1 OBW - 1 main dev Electrum - 1 main dev + community help

wow.

1 sat \ 0 replies \ @TNStacker 11 Dec 2023

0 sats \ 0 replies \ @Rsync25 11 Dec 2023

Good observation

0 sats \ 2 replies \ @026ef658fe OP 11 Dec 2023

We offer two solutions under the Speed:

Speed Wallet
Speed for Merchants (similar to Stripe, but for Bitcoin Lightning payments)

Moreover, there is much that can be done on the wallet side to enhance user experience. So I don't think 2-3 dev is enough.

21 sats \ 1 reply \ @DarthCoin 11 Dec 2023

Good luck with that app. Merchant adoption is very important, I know and I am always pushing towards that.

My only concern is that paying 20 people is a huge cost, that in the end will be reflected onto those merchants, that then they will push it forward to their customers.

You see? From a simple pov you could create a cascade of other problems., Maybe for you is not a problem spending VCs money into 20 devs, but that always have repercussions in the end.

Is just my observation, you can do whatever you want.

0 sats \ 0 replies \ @026ef658fe OP 11 Dec 2023

We have multiple businesses and Speed is one of our product :) So don't worry !.

Please do try Speed wallet and let me know if you have any suggestion.

0 sats \ 0 replies \ @teodor 15 Feb

I just installed it and tested about 10 LN wallets. 9 were uselles, some with transfer fees greater than the amount to transfer! 🤕

Speed wallet, was the last one tested, before I had to leave forever this ugly, not user friendly LN technology. These were my dark thoughts before... 🤔 🙈

But then, I found Speed wallet. It really rocks 🚀

Thank you Jay for developing it and saving my novice tech life and my hope for Bitcoin mass adoption! 💪

0 sats \ 0 replies \ @Signal312 30 Jan

Wallet of Satoshi left the US market. Will Speed Wallet stick around? What makes you different, that you can stay?

0 sats \ 0 replies \ @0x7dc 12 Dec 2023

I wish you success.

0 sats \ 1 reply \ @satoshiplanet 11 Dec 2023

Really 20 developers? I hope it was a typo and it's 2, as I think that would be more than enough 😅

I don't know how a company can be profitable paying 20 monthly salaries to developers, especially in its first phase, I imagine that this has repercussions in the user fees, which I deduce are very high, otherwise it doesn't make sense to me.

How many workers are you in staff? Developers, managers, marketers, designers?

In my opinion regarding developers I think that 2 or 3 is great, you can always offer work to freelance developers for sporadic jobs when the workload is big.

In any case, best of luck with your project! Let's go lightning, we need more and more lapps!

0 sats \ 0 replies \ @026ef658fe OP 11 Dec 2023

lol, everyone is worried about 20 devs :)

0 sats \ 0 replies \ @ladyluck 11 Dec 2023

With this much devs, I hope its the best thing since my use of @Alby

0 sats \ 1 reply \ @faithandcredit 11 Dec 2023

Hi, if your team has 20 developers i dont think you are going to make it. There is lots of competition in wallet space but also the revenue is very low. That being said i wish you all the best and hope you are not a scammer. Have a nice day sir.

0 sats \ 0 replies \ @026ef658fe OP 11 Dec 2023

No, we have other Speed for merchants ( www.tryspeed.com ) for revenue but having Wallet completes the ecosystem.

0 sats \ 3 replies \ @Cowboy 11 Dec 2023

Fees seems to be little high compared to other like WoS

1 sat \ 1 reply \ @DarthCoin 11 Dec 2023

how do you think they have to feed all those 20 devs? With thin air?

0 sats \ 0 replies \ @026ef658fe OP 11 Dec 2023

Deep pockets :P

And a merchant solution ( www.tryspeed.com )

0 sats \ 0 replies \ @026ef658fe OP 11 Dec 2023

We are working on lowering the fee. Though we don't change any fee other than network fee in on-chain payments. While WoS charges 1%.