Show HN: Burner – A low cost wallet to gift crypto (opens in new tab)

Man, looking at the comments it's crazy to me that hn's knowledge of a $3T industry hasn't evolved at all in 7 years. For those not in the know, Bridge, the stablecoin partner here, was just purchased by Stripe for $1.1B because they see future cost savings from using stablecoins for global remittances and forex.

https://fortune.com/crypto/2024/10/22/stripe-announces-1-1-b...

It's cool to have some skepticism, but update your beliefs. Scams and illicit transactions in crypto are actually smaller by proportion in all crypto than in USD or other fiat currencies at .3% last year.

https://www.chainalysis.com/blog/2024-crypto-crime-report-in...

This looks like just a secure enclave that you can deposit any crypto onto, so whether you trust the manufacturer of your smart card or credit card or not is up to you. Seems like there are easier ways to run a crypto scam, imo

Bold of you to "Show HN:" a crypto project. As best I can tell, this will be use for all the things scam gift cards are typically used for now but more (because now crypto is involved somehow). Your 'stable-coin' doesn't inspire confidence either. Why can't I just gift someone some BTC or ETH? The only reason to include a coin of your own is for a pump and dump.

Really though, this stuff all sounds quite technically difficult. It's surprising to me that people still work on these projects considering it's rather dense subject matter (fin-tech) _and_ it hasn't really proven to be useful for very much in the West.

Interesting...the name of this makes it sound like criminals will be using it to transfer cash around the world, like with gift cards?

Genuinely I'm curious, is there really a big market around gifting crypto, or is that market just sort of a front for criminal activity like why some retailers see a spike in gift card sales?

Looks interesting, would suggest going with Solana over Ethereum though, especially in 2024.

Spent more than 4x as much on my Ledger, and it's far from perfect and def not ideal for gifting crypto. I'm personally supportive of any company/product that wants to make managing crypto easier, safer, and cheaper. Kudos on the launch!

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.

Any concern about conceptual namespace collision? The mobile app Burner is a completely different product (not to mention it fits in with the common definition of the term)

I like it and will sign up for one. What funding did you get to launch this? I cannot find the About etc, however I did find the pages slow to load, so maybe I missed it?

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!

What’s in it for you? Are there fees involved for the end user to send a gift? If so, how much is it?

>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?

You can’t even use an existing stable coin? Not interested.

Why wouldn't I gift using a paper wallet?

And when your site dies is the crypto gone?

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.