31–40 of 40 posts
Earlier quoted context omitted.
Good question. We’ve spoken to a lot of people who have done this, and more often than not the recipient in the midst of some life event doesn’t imbue a QR code with value (and loses it/throws it away).
hmm. maybe give cash instead then
Half offtopic note, but maybe you want to know: uBlock origin seems to have a beef with your site - by default it applies enough filters that only a brown background remains.
>That’s why we’ve created USD II – the perfect stablecoin to give with Burner. It’s backed 1:1 with U.S. Dollars held in reserve by our partner, Bridge. Ah shit, here we go again. Why would I use this?
The same reason one would use any other stablecoin like USDC, you want to send dollars to someone. The added benefit is that you don’t need to be worried about sending ETH as well to use USD II. Put another way, if I gift you a Ledger with USDC today, you as a possible crypto newbie need to work out how to get ETH to move that USDC.
Or I could just gift them ETH instead of USDC
And when your site dies is the crypto gone?
Both would allow you to interact with Burner entirely offline as well if you use it for cold storage — libHaLo can easily be used with an off the shelf NFC reader through its CLI interface.
Looks interesting, would suggest going with Solana over Ethereum though, especially in 2024.
This is a really cool execution of an idea that's been floating out there a while. Next you just need a bitcoin one in the shape of a coin!
You avoid a seed phrase, but how? I thought it was "not your keys not your coin". My understanding is someone who wants secure crypto needs to cryptographically safely generate a seed phrase. For signigicant amounts of money you will want that backed up. I guess if this is like a $50 gift card people are treating it like that and might accept if it gets lost then shrug.
Burner comes with a pre-generated key or you can request that it generate a new key with entropy you supply (in part, it's hashed with entropy from multiple sources). In both cases you always need to trust the hardware, but this is true with any hardware wallet. I would always recommend using a multisig for storing large amounts of funds regardless of the wallet vendor.