Paper Wallets For Tipping

[cysn1]

Last night I ordered a pizza for my family and I. I used a gift card to pay. I don’t carry cash but I have a bunch of unused paper wallets. When the delivery girl got to my house I asked, “Do you use bitcoin?” I could tell she knew of it, but wasn’t to familiar. So, I told her I want to tip her, but would she accept bitcoin. Her eyes lit up and she agreed.

So, I grabbed a spare paper wallet, scanned the QR code, sent the tip, gave her the wallet, and before she left I told her to google “bitcoin paper wallet cash out” or something like that if she wants fiat. She genuinely seemed excited.

I did same thing a few days ago and that delivery boy had the same reaction.

For people who are unsure or skeptical, I think this is a good idea for everyone in the space bc 1)it’s a direct connection to one’s labor, 2) the face-to-face voluntary transaction of tipping is apart of the Satoshi ethos, 3)its something physical, 4)the physical paper will help them understand the abstract aspect of money and 5)it creates a financial incentive for them to give bitcoin cursory examination, at least.

At that point, I hope they continue  down the Rothbardian hole and see the fed (and all central banking) for the criminal instruction they are.

Thoughts?

[xvids]

It is a nice way to promote the crypto and for sure anyone would love to have a tip so they would surely accept it,
But I am sure that this wouldn't work on everyone and people would doubt it like for those who already know how it works.
They would doubt that the wallet you gave would still have some crypto when they use it because you could have the same copy of that wallet and right after the delivery guy leave you could access it and send it to another wallet.

[jakelyson]

This is a good way to promote bitcoin. The only problem I see here is if they lose the paper wallet or they ignore the importance of the private keys on those wallets. They are newbies in crypto and they can easily make mistakes that can cost them the money.

It is a nice way to promote the crypto and for sure anyone would love to have a tip so they would surely accept it,
But I am sure that this wouldn't work on everyone and people would doubt it like for those who already know how it works.
They would doubt that the wallet you gave would still have some crypto when they use it because you could have the same copy of that wallet and right after the delivery guy leave you could access it and send it to another wallet.

You are tipping them, not scamming them. What is the use of sending funds to the paper wallet if you will transfer them anyway? Just send them empty paper wallet then if that is your intention.

[Genemind]

I agree with you. Even simple people will be aware of cryptocurrency through that kind of strategy. I love the idea of tipping with BTC so people will be eager to search and know everything about crypto. It will be an eye-opener for them. I just wish that people who will receive tips like that would have the eagerness to search and explore the usage of cryptocurrency.

[LoyceV]

I've actually thought about it, but never used it. When I have food delivered, I usually tip a few euro at most. The most used local exchange service has a minimum payout amount of 10 euro. Add the Bitcoin transaction fees, and the minimum amount required is much more than a decent tip, while a large part of it is lost to fees.

I've given away funded paper wallets though, it's better when the occasion justifies a larger monetary amount.

[Julunguul]

This still proves that some people are still interested in knowing more about crypto, so maybe some people might already know how to work but this is a unique way to introduce new people. But they would be have a trouble for the fees when they want to make it to fiat.

[Mahanton]

I've actually thought about it, but never used it. When I have food delivered, I usually tip a few euro at most. The most used local exchange service has a minimum payout amount of 10 euro. Add the Bitcoin transaction fees, and the minimum amount required is much more than a decent tip, while a large part of it is lost to fees.

I've given away funded paper wallets though, it's better when the occasion justifies a larger monetary amount.

I also have the idea on giving out those paper wallets but it do changes up my mind yet the fees are way too big which would add up on the
tip amount.Im not fan on giving out tips but there are cases where I do love the service given by other people.

[illyiller]

How much did you give her? I wonder if she thought she was getting a whole coin or something.

I've actually thought about it, but never used it. When I have food delivered, I usually tip a few euro at most. The most used local exchange service has a minimum payout amount of 10 euro. Add the Bitcoin transaction fees, and the minimum amount required is much more than a decent tip, while a large part of it is lost to fees.

If you're feeling flush, drop a few mBTC on 'em. Otherwise I agree, it's probably not worth it.

[NeuroticFish]

I've actually thought about it, but never used it. When I have food delivered, I usually tip a few euro at most. The most used local exchange service has a minimum payout amount of 10 euro. Add the Bitcoin transaction fees, and the minimum amount required is much more than a decent tip, while a large part of it is lost to fees.

Yup, that's what I also thought.

Yes, they eyes were shining because many think that Bitcoiners are filthy rich and they may get a car (even an used one) from that tip (I may be exaggerating, but you get the point).
I fear that after trying to withdraw those Satoshi into something meaningful for them (fiat), many will get disappointed and the actual effect could be the opposite of what was intended.

[Ailmand]

It's a great way to promote bitcoin awareness. Some people have an idea about bitcoin but skeptical to go further to know it. So, I guess tipping via paper wallet and asking them to look for how to cash out their crypto.

[Tipstar]

You can also create many wallets and print their private key as a qr code and provide the qr pictures as a bill for tip. A paper wallet generator would help to do everything and you just have to send the money on the wallet address. This way you also provide them a useable wallet.

[pooya87]

i am not really a big fan of transferring bitcoin like this in a physical form or basically anything that is not on-chain and fully decentralized and also ways that just gives others money which they may dump and go away not looking back ever again, which is why i have never attempted anything like this. but i admit that although this may not be the best way but the benefits of it are a lot because it is still introducing people to bitcoin in a way that it may even be more palpable for them (physical paper).

[Astvile]

What you did is actually really good.Not just for us bitcoiners and for some new people too.They will get to discover bitcoin and bitcoin itself will be spread more because im sure they will thell that story to their other co workers.Simple but good promotion.

[bitmover]

i am not really a big fan of transferring bitcoin like this in a physical form or basically anything that is not on-chain and fully decentralized and also ways that just gives others money which they may dump and go away not looking back ever again, which is why i have never attempted anything like this. but i admit that although this may not be the best way but the benefits of it are a lot because it is still introducing people to bitcoin in a way that it may even be more palpable for them (physical paper).

I see no problem in bitcoin in a physical form like this.
She can at anytime transfer those bitcoins to a more secure wallet, like any mobile wallet for example, just scanning the qr code.

A paper wallet is a nice way to gift bitcoin to people.

[pooya87]

i am not really a big fan of transferring bitcoin like this in a physical form or basically anything that is not on-chain and fully decentralized and also ways that just gives others money which they may dump and go away not looking back ever again, which is why i have never attempted anything like this. but i admit that although this may not be the best way but the benefits of it are a lot because it is still introducing people to bitcoin in a way that it may even be more palpable for them (physical paper).

I see no problem in bitcoin in a physical form like this.
She can at anytime transfer those bitcoins to a more secure wallet, like any mobile wallet for example, just scanning the qr code.

A paper wallet is a nice way to gift bitcoin to people.

if it is for tipping and free money giveaways then there isn't that much problem with it as long as the receivers don't just rush to dump what they receive for fiat and never look back.
but for payments it is very bad since not only it is a risky thing to accept "payments" this way (the payer already has the private keys and if the receiver is to sweep the funds right away then there is no point in receiving payment like this in first place) but also it can introduce centralization if it becomes a popular thing.

[CryptoBry]

I join the chorus of saying that tipping for a good job done using bitcoin can be one of the most effective way we can spread the good of the cryptocurrency movement and share the joy at the same time. I can still remember the excitement (maybe shown by my face) I got into when I started learning about bitcoin three years ago. By the way, you just made me Google the meaning of Rothbardian, thanks.

[feryjhie]

~snip

how much the amount that you usually gave to the delivery guy? because i want to do this too but the transaction fees and exchange fees will decrease the value of my tip to him

[figmentofmyass]

i am not really a big fan of transferring bitcoin like this in a physical form or basically anything that is not on-chain and fully decentralized and also ways that just gives others money which they may dump and go away not looking back ever again, which is why i have never attempted anything like this.

the idea of transferring bitcoins in physical form (no on-chain transaction) actually seems really awesome to me. that's like real cash---superb privacy. no paper trail, no publicly analyzable transaction, no leaking identifying data over the internet.

in practice, it doesn't work so well. bearer devices are prone to failure, you need to trust manufacturers, or you need to trust the person loading physical coins/paper wallets not to keep the private key.

i wonder if we'll ever find a solution to these problems because i absolutely love the idea.

[davis196]

So, I grabbed a spare paper wallet, scanned the QR code, sent the tip, gave her the wallet, and before she left I told her to google “bitcoin paper wallet cash out” or something like that if she wants fiat. She genuinely seemed excited.

Sounds like a tedious task for me.I would just give her cash.
Don't get me wrong.I'm not hating on using bitcoin for tips,but the process of paying with paper btc should be further simplified.

[bL4nkcode]

So, I grabbed a spare paper wallet, scanned the QR code, sent the tip, gave her the wallet, and before she left I told her to google “bitcoin paper wallet cash out” or something like that if she wants fiat. She genuinely seemed excited.

Sounds like a tedious task for me.I would just give her cash.

Its about bitcoin/crypto awareness anyway, and its worth to accept such amazing tip as a delivery girl/boy regardless the amount inside