Yes -- that's correct. The security printing is really to highlight that these feel and look like real money which we believe is critically important. There is

Yes -- that's correct. The security printing is really to highlight that these feel and look like real money which we believe is critically important. There is significant literature on the psychology of money and we believe that it has been a big missing piece for the adoption of Bitcoin. Had we just used a color laser printer and attached chips to standard paper the security of the Bitcoin stored would be the same, but the experience for someone holding it would be vastly different. Our goal is that you can gift one of these notes to a family member and they will keep it safe even if they don't fully understand it (unlike a printed QR code or ambiguous gift card).