Red envelopes packed with Bitcoin \ stacker news ~Goods_and

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186 sats \ 8 comments \ @SalmaChan 5h Goods_and_Gadgets

We’re offering a limited run of Hong₿ao Bitcoin red envelopes, a cultural twist on the traditional red envelope, redesigned for Bitcoin.

What’s included:

Mix of orange envelope packs (Family / Maximalist) Free international shipping Custom Bitcoin bill generator with credits included Printed learning QR code on each envelope (links to a Bitcoin intro page)

Packs & Pricing

Mini Pack – 29€ (6 envelopes + 12 credits) – 4.83€/envelope Family Pack – 39€ (12 envelopes + 24 credits) – 3.25€/envelope Maximalist Pack – 49€ (24 envelopes + 42 credits) – 2.04€/envelope

Payment: Fiat, BTC (on-chain) or Lightning. Shipping: Ships from China, worldwide, free of charge. More info at: https://hongbaob.tc/

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0 sats \ 2 replies \ @ZezzebbulTheMysterious 5h

These look really nice. I like the embossing. What is the “bill generator”? A paper wallet tool?

HongBao is a good use case for ecash. The problem with giving away L1 bitcoin on paper is that many will lose it. It’s been this story year after year. It’s far better to give people the ability to reclaim their unclaimed gifted sats after some timeout.

0 sats \ 1 reply \ @SalmaChan OP 4h

We strongly suggest that they transfer it as soon as they get the gift Having the possibility to reclaim their sats means that we keep their private which we don't and especially it's against self custody ^^

0 sats \ 0 replies \ @ZezzebbulTheMysterious 2h

the vendor shouldn’t have custody, for sure. The problem is that you can scream self custody, but people will ignore it. Every lost coin is a gift to everyone, but I do hate to see it.

the gifter should retain custody until the recipient has transferred it. Ecash is nice because there are less on chain fees to take possession. If many people are claiming onchain around lunar new year, fees could get high. High fees mean people are less likely to take custody. It would be interesting to see how many sats are effectively burned from HongBao due to loss. What is the model of the “paper” — it is a sweepable seed phrase?

0 sats \ 1 reply \ @DannyM 5h

Would love to see designs that don't look like real banknotes

10 sats \ 0 replies \ @SalmaChan OP 4h

Thanks a to an artist on twitter we have one that's original now And we're working with another artist to create an other original note I'm still looking for more artists since i'm not one lol, i designed the envelopes tho https://hongbaob.tc/en/papers/170

0 sats \ 2 replies \ @Coinsreporter 5h

Nice! What material are these made of?

Why should someone buy them?

0 sats \ 1 reply \ @Coinsreporter 5h

Would you remove the word cryptocurrency in future if suggested?

Saying 'Bitcoin' is enough. But you can add like Peer to Peer, 1 Sat = 1 Sat.

0 sats \ 0 replies \ @SalmaChan OP 4h

Would love to do that for next edition and we welcome all design suggestions