Bitcoin Forum

there was a shocking news from Twitter recently about paying for sharing bitcoin tips for creating content. What do you think will happen to bitcoin and cryptocurrencies going forward in the network system.
https://news.bitcoin.com/twitter-rolling-out-bitcoin-tipping-feature/

1. It was presented/discussed briefly here yesterday: https://bitcointalk.org/index.php?topic=5357685
2. The link you provided is from BCash website; and since BCash website has a history of misleading people into buying altcoin and making them believe that they've bought bitcoin, I wouldn't trust/recommend those news and find an alternative.

Each industry has to revolutionize according to time manner.

As for now Bitcoin and crypto are booming. Considering the future of economics and finance, and its interconnection with social media creates a lot more opportunities for every social media activist as well as the crypto enthusiast.

AAVE is a Decentralized finance giant, and Aave will launch an alternative to Twitter using Ethereum this year, the protocol's founder told Decrypt.
Aave is the largest Defi protocol in terms of the amount of money running through its system—which currently stands at $10.92 billion, according to Defi Pulse data.

So, for sure in the coming future social media and crypto will bring more solutions for certain businesses within the blockchain environment.

That's actually pretty good because the more people using bitcoin, the higher the demand for it, and the more demand for it, the more the prices go up so yeah I welcome them using bitcoin for something that they want to add to their website.

If this is to be implemented for real, seems like they gonna use a Lightning network and Strike wallet. This is only positive thing for the Lightning network project. Jack is a legend and Elon just pumps shitcoins...

this is my mistake, I haven't had time to find a post that looks like it, I'm working on a busy day

there's been some news about this, and it's going to use some of the networks that are cooperating with it like TheBeardedBaby (https://bitcointalk.org/index.php?action=profile;u=1291828) said before that.

I guess it's all good still because that way, LN would get more exposure. Also, it's good that they're going to integrate Twitter with crypto, they will be able to make a significant bump to the prices.

I don't say that this news is fake. I know it happens for real.
What I was telling is that bitcoiners should avoid backlinking that one website and instead just read/show one of the other news sites showing basically the same info.

And I think this is one reason why bitcoin suddenly jumps to $50k again?

Twitter and Jack has been very supportive of bitcoin (he might have some narratives behind his support), but in any case, this is good and very welcoming indeed. LN needs to get exposed, I'm sure not many of us here are familiar with LN and how to take advantage of it.

I like twitter for the support for cryptocurrency especially to bitcoin hence the CEO himself is the supporter in the first place. This would be huge integration because this will have mass adoption towards such actions on the platform. The support of twitter is enormous for bitcoin and there are no way to see this as a big move of the price to start a throttle this coming months.

Lightning network has been adopted more and this year is amazing year for Lightning network.

Four years to bring Lightning network to mainstream adoption. It might need more years but this year is a beginning of Lightning Network mainstream adoption.

Jack is a big fan of Lightning network and it is easy to see on his Twitter account

Through Twitter, sentiment analysis can be done to find out how much people think about Bitcoin. This can be done by utilizing the API provided by Twitter to collect data in the form of tweets. Then, perform a sentiment analysis using the Python library to classify tweets as positive, negative, or neutral. From the classification results using a dataset of 3433 data, it was found that 41.3% were classified as positive, 44.9% neutral, and 13.7% negative. Then, to visualize all public opinion about Bitcoin, it can be formed using Word Cloud so that only important words related to Bitcoin will appear. It is hoped that after this research we can see how people, especially Twitter users, think about Bitcoin.

If they do implement it after beta testing then it’s bullish for sure. Twitter has so many users all over the world, it will bring bitcoin to average joe, people who otherwise would be unlikely to buy & use it.

Bitcoin and twitter lol.. honestly I can't image not having ever found this forum and simply learning about bitcoin from twitter alone.  Twitter is a disastrous warzone and the amount of misinformation about bitcoin and other cryptocurrencies on there is insane.  I actually got off of twitter as I found most people to be completely unreasonable and rude and not very willing to really teach people things.  Anyways just my blab about twitter/crypto.

Twitter's approach is making Bitcoin closer to payments and that creates a real social network. Applications such as Telegram, Facebook, Instagram will probably learn this feature when Twitter successfully implements it.
I appreciate Twitter for supporting Bitcoin and crypto over the years.

Indeed twitter is the main place where people usually promote crypto currency such bounty projects and of course when it comes daily news of BITCOIN and more. so that's a good idea actually in my personal opinion as well. Infact it will be a big help to support the crypto space since millions of people using twitter nowadays.. For me "Tip jar" this word will become more interesting in twitter soon.. Wherein it's like you created a site for crypto related projects and suddenly you will receive a tips from people who likes your content.. It will be like that for sure.  ;D

@iasenko, it uses LN Strike, my country doesn't support Strike. It would be more effective if they took "LN Strike Global". If they had adopted "LN Strike Global", the uses of Lightning Network would have been greatly improved. I don't want to say anything about Elon cause he is publicly known DogeFather.


@LFC_Bitcoin, Thus this news is positive so definitely, it will make an instant hype for short time.
But you know, It is mandatory to do KYC if you want to use LN Strike, without completing full KYC/AML no one will be able to withdraw funds from the tips jar. I think they are forcing people to do KYC for getting the function of receiving bitcoin tips, don't see any effective cause of getting Bullish.

But if they compromise KYC requirements then surely I'm Bullish for the long-run.

Even the news released by influencers has scorched the real facts, hype often arises, trends. and excessive Fud on twitter will be very difficult to filter the news if we are not careful and conduct a more in-depth investigation. Because on Twitter it's easy to create issues that only rely on hashtags and then can be found by everyone. This triggers news that is difficult to find the truth. But not the least amount of valid and up-to-date information can be exposed. Moreover, when it comes to Bitcoin, it is clearly easier to spread massively.

lightning network is the future...

salute to jack dorsey who continues to consistently develop lightning network for the realization of mass adoption. when it's officially released, jack has already listed his name in history as the first social media to adopt the lightning network.

Something like in youtube or articles wherein if you have good content it will be noticed and every viewers worth amount. Twitter been already use by crypto ICO bounty or for aome marketing strategy. There will probably a time for it that influences from crypto can earn in twitter by justing posting. Hopefully, only those who known crypto will be using it not justbthe trolls used bu scammers.

I'm actually worried about this happening too quickly. After the initial hype I'm not even convinced that it would be beneficial to Bitcoin. I'd be worried about implementing something like this whether it was Twitter, Reddit or Facebook, a tipping feature could potentially hurt Bitcoin as a currency, because people will associate with tipping on a social media, and it becomes a novelty rather than something that could potentially revolutionise their life.

Think about it; would you ever see something like this implemented with fiat? Probably not, but if you implement it with Bitcoin while it would probably increase adoption, would people take Bitcoin seriously after it has been trivialised by a tipping feature?

The really new thing is that now in the profile you can include your bitcoin address and eventually ETH.
This was apparently discovered by a curious user:

https://pbs.twimg.com/media/E-Tqa_GVcBYv6Wb.jpg<sup>source:https://twitter.com/Blockworks_/status/1433528333011230721/photo/1

source:https://twitter.com/BitcoinMagazine/status/1433522724413087752</sup>

___
^{Blog/Twitter: for now there is no official statement on the reference.}

It is true, I found the user's Twitter profile. I am sure that it could be in the "monetization" option that appears in the menu bar of our Twitter account where we can add the option to monetize our content.

Jack, he did! He said at the Miami conference that if he was not working with Twitter, he was working with Bitcoin. Now he is giving Twitter users the possibility that they monitize their contents.
I am excited with this news because we are advancing so that more people begin to believe in Bitcoin.

https://twitter.com/alex193a?s=09 (https://twitter.com/alex193a?s=09)

Jack is really a supporter of bitcoin and with this integration and it's with the lightning network. This is very positive even if it's going to be limited to his wallet-owned company as the gateway of it. What's good is that many will be educated about lightning network and as well as bitcoin. Those who don't believe that bitcoin is money, here it is, Twitter is allowing everyone to give those tips for their content creators and I think other social media will follow this act they did.

Sounds very interesting. I have heard about this before, but thought it was just a rumor. With Jack confirming that the feature is coming to twitter, all those rumor seems to be true now. I wonder why this hasn't yet cause any affect on the market. Maybe we will be seeing a slight bull run soon once the feature goes live.
Do you think  they are going to start allowing users to tip with doge? Wasn't doge initially used as a "tipping" coin on different forum and community? That would be interesting too.

This could very well be the catalyst for the further development of Lightning Network because we all know that the majority still doesn't know or doesn't really want anything to do with LN because of it's limited features. But still, having twitter using it will probably help with the boost in popularity and usage among the users in the market.

Yes you are right this will make BTC grow more and more and twitter is one of the strongest cryptocurrency sharing networks today no less than reddit and facebook all projects require twitter and use BTC on website is the right thing.

In fact, Jack has always had rich ideas and believes in a positive transformation for bitcoin, Elon is just a jerk and arrogant.  I remember Jack praising bitcoin for twitter massive growth, and it seemed to be a boon to the universe if that state of affairs were possible.

can we not compare elon musk to jack anymore because it's inappropriate
Elon doesn't have any contribution to Bitcoin so it's not inappropriate if we compare it to Jack Dorsey

I'm sure the lighting network and all the developments that Jack has done will become a new history
jack dorsey is a legend while elon musk is ........ (you can fill it yourself) :D

These articles don't guarantee whether Twitter is going to roll out that feature or not but in case they do I would interested to know they are going to make the tipping offline to the Twitter server or users can send another user directly on their bitcoin address.
In case users can send directly to other user's address then twitter will showcase their BTC address under their posts.

Twitter rolls out monetization options for their influencers, especially those who have verified accounts and have a considerable amount of followers. And since the feature is still at its infancy, there could be opportunities for bitcoin and other cryptocurrencies to come into the scene and offer their valuable services to the table. Twitter has a good amount of usage from millions of its users, and this could pretty much mean good not only for bitcoin but for Twitter as well that since then had become a cesspool of canceling people, pornography, and a bunch of unsolicited bullcrap that each "content creator" force onto unassuming users' throats. I don't think the article's main point is to offer a shimmering glimpse of hope for people who are hoping for twitter to become cryptocurrency-friendly but rather as a means for people to be informed that Twitter is at least planning to include a feature like this as a part of expansive growth for their project. I don't think it's going to be offline though since in the case of the still in beta phase "Twitter Spaces", users would need to buy a ticket first before joining their favorite creators to whatever the hell they are doing online.

Good add up but wont really be that much an interesting thing but at least its a good advertisement or promotion towards Bitcoin.
Also it could be done through tip jar https://9to5mac.com/2021/09/01/twitter-will-soon-let-users-send-and-receive-bitcoin-in-its-tip-jar-platform/

There has been a lot of articles that have been made for this specific news. And they're now telling that this is the reason why bitcoin has pumped recently and made the price break to $51k. About it being offline? I don't think that there's a thing such as that. It will happen online and just like any other tipping system or rewarding system to the other users, that's probably how it will roll. Let's wait how Twitter will roll this since they're going to do it with the lightning network.

didn't you already say "I am embracing rumors" so this process has been talked about for a long time so when jack posts it too long since the rumors it will not affect the price, if with BTC the El Salvador issue is more interesting.

twiter and bitcoin,, actually the right words are bitcoin and twiter, because in my opinion it is not bitcoin that requires twiter but twiter that requires bitcoin support, because now bitcoin is very popular, then by itself twiter is getting closer to bitcoin, but twitter's steps can be said okay too, because with twitter, bitcoin can be more widely known..

one advancement for the internet world, if twitter uses a network system to accept bitcoin, we as users and bitcoin owners just wait for the article to become a reality

I think I'm using the term correctly because it was Twitter that boosted the bitcoin price as stated below example:

Twitter was born before bitcoin, and was able to maintain its existence until now and they keep bitcoin alive by making bitcoin payments.

So I think it's really important for Twitter and Twitter shareholders that it continues to see the space and invest aggressively in it. It's not just Twitter that has a strategy for crypto money. Another social media giant, Facebook also has a digital currency. There is a clear need and reward therefore. And I think the original open standards of the internet is the way to go, which is why my focus and our focus is ultimately on Bitcoin.

There are positive movements but also no absence of negative ones, it is clear that this social media network with many followers allows too much freedom of speech and because of its influence, Bitcoin also has many times of being damaged by the extreme sharing of famous individuals about their vision and thoughts, Elon Musk's silhouette is also among them. I'm pretty scared about getting benefits from the media, they are a double-edged sword and a character with two faces, darkness and light both have their place.

It is all for publicity and nothing more. If it does anything to the price it will be at the effect of the second objective for BTC becoming more and more popular, getting more news attention which in itself is beneficial for the whole community.

If this is going in effect it should be positive news and hopefully one that can trickle down. Either way, this type of method  sooner or later will be employed by others and so right now it is a matter of time.

Not only facebook, but also telegram, even though Facebook failed in its "libra" because of the lawsuit and replaced it with "silent", telegram with "TON" is a problem with the regulations rules, now Foobee is starting to plan with his "FBE" which was made a bounty by manager  irfan_pak10 (https://bitcointalk.org/index.php?action=profile;u=350580).


it wouldn't be the same as what would happen if applying it was taken for granted.

All of them (except with telegram) claims to be using cryptocurrencies to produce more optimistic products for tipping and commerce which can reach people from all arround the world; this is surely true to reach every potiential custmer but the problem imo is that those companies still studing the procedure of how they will get profit from it with the maximum less taxation to be paid. Facebook even tried to create something similar to cryptocurrencies but with a very centralised authority (fortunetly it failed before to start) while twitter aims to use bitcoin in particular (despite all the technical obstacles) also to reach the max largest population as bitcoin is the most known cryptocurrencies.

I feel like over the past few years we have seen many companies big or small, trying to implement the use of cryptocurrency like bitcoin in some way or another, one would say how twitter could possibly be using crypto or bitcoin and here they surprise us with the tipping feature, and i feel like they will be creating some type of cryptocurrency specific to them just like Facebook did, and i am sure that a lot of other companies are planning to do this since this is a very profitable industry that has been growing at a fast rate.

Doesnt really matter much whether its a big or small company who had accepted bitcoin or make out some integrations.What matter most here is the recognition of those companies which does signify
that adoption is really on the move.I wont be surprised if in future we would really be seeing these kind of integrations or recognition in other companies as well or known platforms.
All we do need is some catalyst that do really start up such step forward but well lets not make our hopes up because it doesnt mean that we would make out some guarantee that we
are heading there.

why do you exclude with telegram isn't "TON" owned by Telegram?, so far I haven't heard line from japan, wechat and waido from china do the same, how do you analyze "everything"?  don't just think Facebook acquired whatapp and Instragram they have taken over all your social media you're wrong!!!

The easiest way is to do it with the state legalizing it.

Sorry man, I think i am somehow mistaken about few points.
I mis-read the symbol "TON" and thought it's "TRON". I was discussing how/why those projects preffered to use their own built cryptocurrencies and not using a one of the major altcoins in the market? I thought about this after reading op about Twitter to lunch more products using bitcoin as main system for paiements.
In fact, i can't compare wechat and waido with telegram and twitter because those companies are leaded by China which is a country who want to control everythings people use.

what's unique is that Chinese manufacturers should turn on the TRC20 network such as TRON, BTT, and others, but so far they don't use it, we know China is a very smart country and tends to use its own products even though they often have problems, interesting things are waiting for them there to invade cryptocurrencies.