maku
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March 28, 2015, 11:19:57 AM |
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I am not sure. Is Protip a competitor or something that intends to stay just like changetip in the market ? Yes, they are two different projects. While idea is basically the same - you can tip people on the internet in a simple and easy way. But they are using different approach. And it is really good that we have to team focused on developing something similar because competition is the greatest force of progress. |
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cr1776
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March 28, 2015, 03:54:00 PM |
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I am not sure. Is Protip a competitor or something that intends to stay just like changetip in the market ? Yes, they are two different projects. While idea is basically the same - you can tip people on the internet in a simple and easy way. But they are using different approach. And it is really good that we have to team focused on developing something similar because competition is the greatest force of progress. Agreed. Having two different methods and two (or more) groups working on the idea of tipping but with different methods if great. The open source p2p nature of pro tip is great and the extra ease of use for change tip is great too. Glad both are around. |
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krach
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Get Rekt
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March 28, 2015, 05:14:50 PM |
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Change Tip does a good job of creating new bitcoin addresses for people that do not have them without them having to download a wallet.
Change Tip is a for profit comapny which is VC funded, which is fine, but is a difference to protip.
ProTip is an open source project, the funding is in order to fund the development, and then the public can use the code as they want.
Instead of looking at it as "the microtransaction market" maybe think of it as sending bitcoin directly insteasd of via a third party.
-Bitcoin´s killer app, but who gets killed?-
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tspacepilot
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I may write code in exchange for bitcoins.
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March 28, 2015, 06:51:13 PM |
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I'd like to see them both run successfully side by side, I like both for different reasons and they do each have their own set of advantages and disadvantages.
My understanding of Protip is that all tipping is done peer to peer on the blockchain. This of course fits perfectly with the idea of Bitcoin since it's decentralized and trustless. Being entirely on-chain does have some disadvantages that make it less than ideal for microtransactions. Extensive use of Protip could pollute the UTXO set with a lot of small transactions and result in people playing larger fees to spend their BTC, it also makes it difficult to send someone a tip smaller than the "dust limit".
Changetip is great for aggregating microtransactions off-chain, minimizing fees and potential UTXO bloat. Of course it comes with all the potential disadvantages of relying on a trusted third-party, something Protip avoids.
Since I personally trust my coins a lot more in my own wallet than in any wallet run by a third-party (with the possible exception of a GreenAddress 2of2), I would use Changetip for smaller tipping transactions like you usually see on Reddit and I'd use Protip for larger transactions like donating to an opensource project I want to support.
I'd like to see both of them are existing in the market, competing with each other, and perfecting their service. Then we, as a cunstomer, would choose the best service to cater for our needs in different situations. This does seem like the best situation. Competition! I'm not into social medias so I don't have a vested interest here, nevertheless I can certainly see the value in the OP's claim about man in the midle and private data vs trustlessness and open-source. I'll be keeping and eye on protip. |
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Addition (OP)
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April 01, 2015, 02:15:15 AM |
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Cheers for the post & screenshots (looking good!) |
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Bizmark13
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WikiScams.org - Information about Bitcoin Scams
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April 01, 2015, 03:37:35 AM |
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How do they differ security-wise? I take it that since ProTip operates on a peer-to-peer level, it should be impervious to hacks, correct? I understand that ChangeTip isn't significantly different from what Inputs.io used to do (i.e. off-chain microtransactions) so it seems that what killed Inputs.io could easily take down ChangeTip whereas the same would not be true for a decentralized solution.
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Ingatqhvq
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April 01, 2015, 03:45:37 AM |
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if changetip doesn't become a killer app, how could protip could be a killer app .
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notalin
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April 01, 2015, 05:42:23 AM |
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Some of you might already have heard of this venture, but I am fairly impressed and wanted to share with you: The concept has many applications when you start to think about it, but in simple terms it allows for 100% p2p donations for "all" content creators on the web. Here's some links for more info: website: http://my.protip.is/Indiegogo (kickstarter-like) crowd funding: https://www.indiegogo.com/projects/protip-peer-to-peer-tipping-for-the-webVideo (live announcement): https://www.youtube.com/watch?v=-3uclsfGSogVideo (live update): https://www.youtube.com/watch?v=pYjeevK9_RUIn my opinion this is really fantastic work from Leo Campbell, Chris Ellis, Ksenya Serova, Thomas Hunt, David Bailey & Theo Goodman - the project is entirely open-source/non-profit and appeals to me because of it's altruistic use of BTC's protocol. Now Changetip is cool too - however they are a "middle-man" in some respects and may encounter some client data protection issues in the future,,, what do you guys think?? Anyway I would urge the BTC community on here to take and look at this project and give support if you dig - cheers folks  Oh, I like ChangeTip but dislike ProTip. Most of artists is rich (of course some of them is poor) why need to tip them ? |
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vankoovo
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April 01, 2015, 06:03:31 AM |
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I love ChangeTip so much ! but I don't know anything about Protip
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Bizmark13
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WikiScams.org - Information about Bitcoin Scams
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April 01, 2015, 06:08:29 AM |
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Oh, I like ChangeTip but dislike ProTip. Most of artists is rich (of course some of them is poor) why need to tip them ?
What makes you think that most artists are rich? Perhaps they are rich in the sense that most of them live in the developed world and so they are richer than those who live in developing countries, but other than that, I doubt most of them are rich in the way the word is typically used. Middle class is far more likely with some being poor and a minority being truly rich. Heck, most artists tend to be young too and they tend to have day jobs which more often than not don't pay much so it's quite likely that many of them don't have any significant wealth or savings. |
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notalin
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April 01, 2015, 10:02:00 AM |
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Oh, I like ChangeTip but dislike ProTip. Most of artists is rich (of course some of them is poor) why need to tip them ?
What makes you think that most artists are rich? Perhaps they are rich in the sense that most of them live in the developed world and so they are richer than those who live in developing countries, but other than that, I doubt most of them are rich in the way the word is typically used. Middle class is far more likely with some being poor and a minority being truly rich. Heck, most artists tend to be young too and they tend to have day jobs which more often than not don't pay much so it's quite likely that many of them don't have any significant wealth or savings. And what makes you think that artists are poor ? Number of poor artists (over the world) are more equal number of poor people in Africa ? As I said above, I know that some of artists are poor truly and some of them are poor because they spend money wasted. In general, the average life of the artist is still much higher than other poor people in the world. |
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WhatTheGox
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April 21, 2015, 07:33:01 AM |
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^ thats awesome i have been supporting this project myself because i trust the people involved, i perhaps ont yet fully understand it:)
Something that is confusing me a little is what would be the incentive to initially set your wallet to auto tip?
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