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Hi, Bitcoiners I am working a new way to gift bitcoin to no-coiners. I have come up with a landing page so far: https://www.giftbitcoin.app/Problem: The current ways to gift bitcoin are not great. They either require kyc or the gift recipient to download a wallet. Solution: I am prototyping a web app that lets a gifter load btc into a local-browser based wallet and send the gift recipient a digital giftcard that lets them then redeem the bitcoin. They would then be able to setup a wallet (if they wish) , buy an amazon giftcard, swap for another crypto etc. It would be a browser based wallet so I will be able to walk the user through whatever they choose to do with the btc with the gui. My goal is to be the easiest way to gift btc without app download or kyc causing friction in the process. How You Can Help: I have done research into past examples of non-custodial bitcoin gifting apps, but I wasn't able to find any. If y'all know of any I would love to hear about them. I would also love to hear any feedback, questions, or concerns about my idea that you have. Thank you for taking the time to read my project announcement. |
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I hope you opted for M5Stack Core2 ESP32 AWS Development Kit with built in Secure Element. It costs couple of dollars more than regular M5Stack but it is superior in many ways, with built in encrypted chip ATECC608 that makes it safer, touch screen, almost five stronger and better battery, longer type-C USB cable, and size is almost the same as basic M5STack. Only problem is they run out of stock very quickly so you need to be fast when ordering  Welp. Time to cancel that order  . Thanks for the heads up though, Ill just wait till they become on the website that you linked instead of settling for any m5Stack. Thanks again. |
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Thanks for the info guys. I just wanted to make sure I wasn't missing anything.
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I just ordered one and I'll keep yall updated on how the build process goes.  |
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Does anyone know why all ledger wallets use 24 words instead of just 12 like the new trezor? I know that the older trezors used 24 words since recovery sometimes involved typing your seed into a computer. This isn't the case for new ledgers; all recovery is done on device. I'm making a video and just wanted to see if ya'll had any ideas. Is it just to make coding everything easier since all their wallets use 24 words?
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It makes sense that after that awful experience that you would want to take the time and responsibility to check the change-logs/post about which updates affect you and which don't. It also makes sense why electrum lets users continue without having the latest firmware since they don't advertise themselves as a guiding wallet. With electrum your in full control and bear full responsibility for what choices you make, informed or not informed. Since a principle of my wallet is guiding users and picking the safest path for them follow, I am confident that requiring them to update is the right move. You have changed my mind about electrum allowing outdated firmware with hw's and that choice makes perfect sense for someone like you who will check all the changelogs and verfiy that you don't need them every time before you use your wallet. I don't expect my users to have that kind of diligence to avoid inconvenience though. Thanks for making this clearer to me bitmover.
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If that happened to electrum, this might happen to your app as well.
Every update is signed from trezor and the wallet has a built in defense mechanism for verifying firmware independent of the software on the host machine https://wiki.trezor.io/Security:Threats#Reflashing_the_Trezor_with_malicious_firmware . To exploit the firmware a user would have to ignore all warnings their wallet is throwing at them and re-enter their mnemonic and/or passphrase. Personally, I dont like to update my hw firmware unless it is strictly necessary.
Why would I update a devi e which is already working properly, to test some new update before everyone else, which may have a problem?
The trezor team is a great and their has not been any instance of an update creating a vulnerability afaik. You should feel free to update your device as you see fit, but I think users should default to updating since this default does not have a history exposing hw users to any security vulnerabilities. |
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I saw you on FB couldn't remember from what group. I have a nice size group on FB dedicated to Cryptocurrency. We need to link up and exchange ideas.
Feel free to pm me |
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Is it possible to just get rid of the direct integration part and have everything hosted on your website [not referring to a live version that actually works in real life]? Something like building a similar interface and let users interact, without having to worry about downloading anything or certain consequences if they mess up something in the process [since you're targeting beginners, as long as you're capable of replicating the experience, it'll surely have a better impact than if something was on the line].
What your saying makes 100% sense. I am going to separate the wallet/triviashow part, and put everything else on the website. The app does create a large barrier to entry that I think I can remove. The feedback here is making that clearer to me. I watched one of your lessons and it was good but if you could make it more fun, it'll be better for the viewers [as it stands, IMHO is a little bit boring [sorry if I sounded harsh]].
No thank you for the honest feedback, I don't want anything less  . I am going to make more entertaining lessons. I am working on one about the cryptonote/bitmonero/monero history with some animations and what not. I am so grateful the feedback that I have gotten here. I'm going to spend the next week: - Putting All The Lessons/TriviaShow On the Website, so people don't have to download things to get started.
- Making More Entertaining/Educational Content
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Oh yeah I just re-read that and it sounds sketch. What I mean is that we tell the user that they need to update their hardware wallet firmware and guide them through that process. At best Electrum will just block you from using your hw and tell you to go update it. So we offer integrated and guided hw wallet updates, not automatic.  or were you referring to the 'third party' bit and not the 'automatic update' part Vod? Edit: I did more research and electrum will even let you use an not updated hw with it, it just gives you a warning. https://github.com/spesmilo/electrum/issues/5391 I think this is bad for a lot of users, but they do it to support a bunch of use cases  |
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This isn't really a product I would use but I just want to say that your web design is beautiful. I hope your project is going well. |
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Ledger doesn't let third party apps update the device, and we offer automatic updates for Trezor, since they allow them. One reason that someone would pay for the wallet would be convenience and Ledger is so locked down that we can't support Ledger without other apps which isn't really convenient. Here is core dev achow101 talking about the ledger limitations https://github.com/bitcoin-core/HWI/issues/112#issuecomment-575338391 . We use the hwi libary from bitcoin core, its great for wallet devs. I will keep the mobile wallet idea in my mind though if I can't get any traction without it.  Do you know of anywhere else people would support a project like this? I currently post to Reddit, Twitter, and some Facebook groups regularly. |
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Personally, I wouldn't download it to test... A web version would be unsafe. Maybe a mobile version would be better and safer to download.
Yeah that's something that I tried to help out by having a gameshow where people can win some crypto and learn; entice people to get over the trust hurdle of downloading. My first iteration of this wallet was mobile, but it just lacked the functionality of a desktop app. Desktop allows us to have great Trezor hardware wallet integrations, easier automatic tor, and a better lesson viewing experience. Thanks for the support and honest feedback bitmover. Hopefully overtime I can build up enough reputation so that people take a shot on it. |
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Do you have a link to your project? Also feel free to drop any tips or feedback for my wallet here.
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The Project:I have been working on an educational wallet that focuses on helping people learn about and use cryptocurrencies. I plan to offer an all in one solution for Crypto use. Instead of using different wallets, youtube, etc someone could use Guiding wallet and get a smoother path into crypto. I plan to monetize this with a membership fee eventually. Current Features:Hardware Wallet Only Native Support Trivia Shows Educational Tutorials and Videos Currently BTC Testnet Only Integrated Tor Windows and Mac Support Planned Features:Encrypted Customer Support Monero Support BTC Multisig Support Info:Website: https://guidingwallet.app/Github: https://github.com/DecentralizeJustice/GWDeskHow You Can Help:At this time in the project I could really use some feedback. I have been showing the wallet to people and they say its a good idea , but no one downloads it or shows up for the trivia show. Instead of guessing what people think about my wallet, It would be great to have some feedback. Thank you so much for looking over my project and have a great day.
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I ordered some stickers from you and they were great!!!
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