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49 points ccamrobertson | 1 comments | | HN request time: 0.001s | source

Hi HN! I’m one of the creators of Burner, a low cost Ethereum hardware wallet designed for gifting. After creating various forms of crypto “cash” (https://kong.cash/, https://offline.cash/) we learned that gifting cryptocurrencies was consistently one of the biggest challenges for holders and enthusiasts.

Burner looks and feels like a colorful gift card, but under the hood it incorporates a secure element chip. You can access its wallet with just an NFC tap, and it works entirely through our (soon to be) open source web app.

There is a lot more to share, like USD II (created by https://www.bridge.xyz/), a stablecoin that we designed to work with Burner without gas, but for now we’re excited to push Burner out the door and start getting feedback from users.

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usbsea ◴[] No.42134203[source]
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.

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ccamrobertson ◴[] No.42135741[source]
Burner comes with a pre-generated key or you can request that it generate a new key with entropy you supply (in part, it's hashed with entropy from multiple sources). In both cases you always need to trust the hardware, but this is true with any hardware wallet.

I would always recommend using a multisig for storing large amounts of funds regardless of the wallet vendor.

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1. usbsea ◴[] No.42162392[source]
This is a bit like a gift card. Not the worst idea! I have been waiting 10 years to buy a coffee with crypto BTW.