Hi,
Glad to see some interest in the ProTip project. I want to talk about a few comments in this thread but first I am going to explain ProTip in simple terms.
A browser plug in that automaticly detects bitcoin addresses on websites, at the end of the week it tells you which websites you spent the most time at and asks you if it is ok to tip them. You decide how much you want to tip every week and it is split up between the sites you approve. You can also subscribe to sites and send them a tip every week or delist sites you do not want to support. Simply load the plug in which is a wallet with some tipping funds and you are ready to go.
If you want a maximum 1% fee (for example), then Bitcoin currently requires a transaction of at least ~$3.00 USD, which is still pretty high to cover all "micro-transactions", but it certainly is better than credit cards.
The tips are sent once a week in bulk transactions in order to avoid the problem with fees taking too much of the tip ammount.
I get that it's a browser plugin for social media and webpages, but how is it any different than ChangeTip?
All funds are sent on the blockchain.
You control all of the data collected there is no third party risk of protip getting the data of which sites you vist ect.
All that is needed is that the websites have a bitcoin address on them, that is it. CT relies on third party apis.
You do not need to physicaly send each tip is is semi-automatic, saves time and reduces tipping friction.
ProTip thread here on bitcointalk coming soon.
-Theo
Protip Launch Team
