GiveHongBao
Finance and crypto
crypto donations
SHOW HN2017
How HN took it
3 positive, 12 neutral or asking, 0 mixed, 8 critical, out of 23 comments about the project. Thread score -0.09.
Idea: 1 for, 3 againstDesign: 1 for, 1 againstExecution: 0 for, 2 againstPricing: 0 for, 2 againstDocs: 1 for, 0 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Simple, MVP-like design
From 1 comment
Refreshingly simple, this is one of the better display of what an MVP is. Congrats!
jaequery on HN
Lower fees than GoFundMe or Patreon
From 1 comment
The fee does go towards hosting the campaign page. Also GiveHongBao doesn't charge for the deployment of the campaign contract--- that is paid out of my own account, so charging…
vincentchu on HN
Objections
Shady: the maker may pocket donations meant for causes
From 2 comments
You're raising money on behalf of other people and, presumably, pocketing some of it (even if you're say you're not, how do we know for sure?) Brave is doing this sort of thing…
tree_of_item on HN"We don't charge a percentage of what people give. Instead, we charge a flat amount for any amount donated. Keep more of what people give." I don't think is the Ethereum gas…
atrudeau on HN
Proceeds to EFF are sold off-chain, so they cannot be verified on the blockchain
From 2 comments
> That's what Ethereum is for. It's completely public and can't be tampered with, so you can check exactly where the money is going. Except the page admits there will be a delay…
tree_of_item on HNYou're right. Just read it again and saw: > Each month I'll sell the wallet's contents and donate the proceeds to them, providing proof via my Twitter account. There are too many…
cocktailpeanuts on HN
Flat fee charged on donations is unjustified
From 2 comments
This should be free and GiveHongBao should have their own donation page within the system. Charging a fee (even if flat) for donations doesn't feel right. They aren't offering…
atrudeau on HN"We don't charge a percentage of what people give. Instead, we charge a flat amount for any amount donated. Keep more of what people give." I don't think is the Ethereum gas…
atrudeau on HN
Hong Bao name is confusing for non-Chinese speakers
From 1 comment
That's what Ethereum is for. It's completely public and can't be tampered with, so you can check exactly where the money is going. Btw. most people people who don't know Chinese…
cocktailpeanuts on HN
Site looks suspicious: /campaigns 404s and homepage is sparse
From 2 comments
https://givehongbao.com/campaigns 404?
hellbanner on HNYeah, when home page only has "Login" and "Create Campaign" and /campaigns 404s, it makes me skeptical the site is legit
hellbanner on HN
Requests
Make fees and contract mechanics clearer on the site
From 1 comment
Please make the mechanics and fees clearer on the website. Linking to and explaining the contract would be great for transparency. With that done, I think your service can be…
atrudeau on HN
List live campaigns at /campaigns
From 2 comments
https://givehongbao.com/campaigns might be a good place to list the campaigns that are currently live.
strictnein on HNIndeed! That's a great suggestion ...
vincentchu on HN
Open source the project
From 1 comment
I realise that you would probably won't do this, but it'd be awesome to see some of this open sourced. Despite being reasonably experienced, the idea of building an API that…
germainelol on HN
Questions
How does the maker verify the money reaches the cause?
From 1 comment
You're raising money on behalf of other people and, presumably, pocketing some of it (even if you're say you're not, how do we know for sure?) Brave is doing this sort of thing…
tree_of_item on HN
Why not send crypto directly to any address?
From 1 comment
Why people can't just send cryptocurrency from their wallet to any address they want to donate instantly?
FrozenVoid on HN
What does the name mean?
From 2 comments
I'm curious about the name.
Kiro on HNHongBao means "red envelope" in mandarin. It's usually filled with cash, and is something we give to other people as gifts in festive occasions.…
yen223 on HN
Alternatives named
GoFundMe
From 2 comments
Hi all. The contract that distributes donations also transfers a fixed fee to my account. For instance, see:…
vincentchu on HNThe fee does go towards hosting the campaign page. Also GiveHongBao doesn't charge for the deployment of the campaign contract--- that is paid out of my own account, so charging…
vincentchu on HN
Patreon
From 1 comment
Hi all. The contract that distributes donations also transfers a fixed fee to my account. For instance, see:…
vincentchu on HN
Brave attention tokens
From 1 comment
You're raising money on behalf of other people and, presumably, pocketing some of it (even if you're say you're not, how do we know for sure?) Brave is doing this sort of thing…
tree_of_item on HN
AdSense
From 1 comment
Technically isn't this what adsense does? Sell ads + give some to creators? If they don't give it to creators...the creators won't promote them. They need the evangelists.
joelrunyon on HN