Hi everyone,
The festive season is here!
Why not surprise your loved ones with the gift of Bitcoin ?
This unique idea might raise a few questions, since Bitcoin isn’t a physical asset:
How can you gift Bitcoin as easily as handing over cash?
How can you ensure the gift doesn’t rely on a trusted third party (no seed phrases, no PIN codes…)?
How can you share Bitcoin with someone who may not be familiar with this technology?
Here are a few simple solutions:
- the good old paper wallet - require you to have an offline computer, a paper wallet generator (preferably not corrupted
) and a printer
Pros:
– Free
– Easy to do
Cons:
– You have to find a good keypair generator that allow a strong entropy
– You see the private key at some point
– Weak support
- the original Opendime
Pros:
– Easy to setup
– Reliable - I’d like it to be 100% open source
Cons:
– Must be destroyed to reveal the private key - so the gift does’nt exist anymore…
– The support is a bit geeky
– No mobile option - can only be used on a computer