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Merits 6 from 3 users
Re: bitcoinpaperwallet.com - scam still alive?
by
DaveF
on 22/02/2022, 15:24:36 UTC
⭐ Merited by NeuroticFish (2) ,pooya87 (2) ,vapourminer (2)
...
Something more: I fail to understand why are people still focused so much on classical paper wallets when they can run Electrum (either safely installed and verified, either from Tails OS), generate a seed and a few addresses and.. done.

Because at times you want to hand a piece of paper to somebody. The Opendime  / Satodime have a real cost to them and as I found out can fail. Yes a piece of paper with a private key can be damaged or destroyed too.

I guess that I was not clear enough, so I'll say it a bit different: why generate a paper wallet with private key when one can as easy generate a HD seed, which is less prone to errors too?

Ease of use and importing.
Making an example of myself, I have a stack of pre-printed unfunded paper wallets. Sealed with just the BTC address and it's QR code showing.
If I want to give someone BTC0.01 for something. I scan the QR and send the BTC to it and hand it to them.
They can then use just about any phone app to sweep the BTC into that wallet on the phone, or if they have a desktop wallet (including core) all they have to do is import that private key.

No they are not for day to day use and no they are not the best for everything. But they do have their use. At least for me....

-Dave