Post
Topic
Board Project Development
Re: Digital Bitcoin Giftcards
by
dkbit98
on 25/10/2022, 19:10:08 UTC
What kind of outcomes are you seeing when you gift bitcoin this way? When I suggest doing it this way , people don't have the motivation to for small amounts of btc. When they do get over installing the wallet, I have to walk them through what it is, and where they can spend it. Do you have a more streamlined way of going about this process of gifting?
I can always print and give them paper wallet with easy instructions how to use Bitcoin correctly.
It's not so important to give a 'fish'' to someone and fill his hunger, teach him to fish and he will feed himself for life... same goes for Bitcoin.
If I wanted to give Bitcoin to someone for long term storage I wouldn't tell them how to spend it so quickly, otherwise I would probably give them some debit card with Bitcoin loaded and ready for spending.

As far has hacking goes, the small amounts involved in gifting would be the same risk profile as spending btc with online websites so I don't think that is a major concern my customers will have when sending small amounts to friends and family. 
You do realize that one of the most profitable scam business in the world is fake tech support guys calling random people around the world and dealing with gift card scams?!
I am not saying this will happen with Giftbitcoin, but Bitcoindoes attract a lot of scammers already.