R.I.P. ChangeTip

[pawel7777]

ChangeTip, few years back one of the most promising Bitcoin startups (raised $3.5m seed funds) failed to get traction and will be shutting down soon.

https://www.reddit.com/r/changetip/comments/5dn3rc/changetip_shutting_down/

http://www.coindesk.com/bitcoin-tipping-service-changetip-shut/

So much for now for the social media tipping for masses. All the users are encouraged to withdraw any remaining balances.
It's a shame to see them go, but you can't operate if you don't generate revenue. I think it's one of those cases when getting massive cash injection at the start does more damage than good to the business idea.

Ps. Dogetipbot seems still to be working tho 

[1715288707]

1715288707

[Huge Black Woman]

And I think most folks, which would include myself, prefer to get tipped in dogecoin.  You don't hafta deal wit fractions, you get whole coins.  That's a psychology thing I do realize, but it's true.

This don't surprise me none.  People with crypto jist don't want to part with it, and especially not to the retarded population that is Reddit.  How many people you know on this forum take the time to send bitcoin to someone's address jist because they liked a post?  Absolutely none I'd bet.

[yayayo]

Frankly, I'm not sad about it. ChangeTip was a centralized service that actually undermined real Bitcoin use and if used imposed obstacles, risks and costs on tipping. It also reduced privacy. To tip another person all you need is a Bitcoin address. I don't see any benefit of using ChangeTip for this purpose and I wouldn't have thrown seed money at such kind of business ($3.5m for what? - a simple app). It doesn't surprise me that it failed to gain traction, because a real Bitcoiner doesn't use it and all other people can't see a reason to register at a service to receive minuscule amounts of a currency they are not familiar with.

So I shed no tear seeing ChangeTip shutting down. It's about time to use the real thing again. And even the lolly purchasers will soon be happy after SegWit and LightningNetworks are going live.

ya.ya.yo!

[shinratensei_]

ChangeTip, few years back one of the most promising Bitcoin startups (raised $3.5m seed funds) failed to get traction and will be shutting down soon.

https://www.reddit.com/r/changetip/comments/5dn3rc/changetip_shutting_down/

http://www.coindesk.com/bitcoin-tipping-service-changetip-shut/

So much for now for the social media tipping for masses. All the users are encouraged to withdraw any remaining balances.
It's a shame to see them go, but you can't operate if you don't generate revenue. I think it's one of those cases when getting massive cash injection at the start does more damage than good to the business idea.

Ps. Dogetipbot seems still to be working tho  

The Big result wasn't mirroring about the great future.
That had become the big fail for who the people was investing in there.
Their plan is useless in my mind.

How many people you know on this forum take the time to send bitcoin to someone's address jist because they liked a post?  Absolutely none I'd bet.

It is true, none.

[DGulari]

Frankly, I'm not sad about it. ChangeTip was a centralized service that actually undermined real Bitcoin use and if used imposed obstacles, risks and costs on tipping. It also reduced privacy. To tip another person all you need is a Bitcoin address. I don't see any benefit of using ChangeTip for this purpose and I wouldn't have thrown seed money at such kind of business ($3.5m for what? - a simple app). It doesn't surprise me that it failed to gain traction, because a real Bitcoiner doesn't use it and all other people can't see a reason to register at a service to receive minuscule amounts of a currency they are not familiar with.

So I shed no tear seeing ChangeTip shutting down. It's about time to use the real thing again. And even the lolly purchasers will soon be happy after SegWit and LightningNetworks are going live.

ya.ya.yo!

SegWit and Lightning are really cool altcoins - but they are not Bitcoin. 

ChangeTip would have been fine if G.Max didn't cripple Bitcoin so it can't do microtransactions any longer.  Blockstream did this so they can charge money for the same traffic on their private network. 

Fuckers.

[devthedev]

So I shed no tear seeing ChangeTip shutting down. It's about time to use the real thing again. And even the lolly purchasers will soon be happy after SegWit and LightningNetworks are going live.

While I agree with most of your sentiments, I do believe it has without a doubt increased awareness and helped draw many users into the cryptocurrency communities.
On another note, I'm glad someone shared about the discontinuation, though, I never received any communication from them and would've lost a good bit of funds!

[lumeire]

I suppose it's because of a failed business model. They should have patterned ChangeTip to Patreon.

[European Central Bank]

https://www.reddit.com/r/BitcoinMarkets/comments/5e23ea/daily_discussion_monday_november_21_2016/da9txhd/

there's gonna be more and more of this. 2013 inspired people to throw money at anything. now the chickens are coming home to roost. the next wave of investment might actually need to deliver.

[Money Maker Shaker]

changetip was so centralized and was even banning users, it is better they disappear sooner!

[xdrpx]

ChangeTip was one of the most used Social tipping platforms and I'm very upset to see it go. I really hope the founders have some avenues to sell their company and keep it running. The only reason I could see them fail is because of the fee's that they had introduced after which a lot of users stopped using it. They had a free service running for a very long time, due to which it built the perception in the peoples mind that it was a good free tipping platform and payment gateway for it. I really hope something similar on the lines gets into business and promotes tipping to charities and other social service institutions.

[Yakamoto]

Well, it was a good idea, but the actual market doesn't really have a need for tipping on social media. Most users won't tip someone with a numerical balance, the best case scenario you could have would be something like what happens with Reddit; a token of value given to other users.

I wouldn't give someone $2 for making a good post online; most people do that for free.

[Hazir]

About this news I noticed something interesting. You can find a disclaimer under that text which says that:

"CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in ChangeTip."

Does the fact that Coindesk has shares of ChangeTip change anything here?

changetip was so centralized and was even banning users, it is better they disappear sooner!

Unfortunately it is the truth. Read this story: https://forum.bitcoin.com/bitcoin-discussion/guy-who-tipped-thousands-of-dollars-with-changetip-gets-banned-tells-his-story-t3083.html

[Shiroslullaby]

I wouldn't give someone $2 for making a good post online; most people do that for free.

There have been a couple posts that have helped me enough where I would tip the author.
Mostly things dealing with programming- PHP/ SQL, HTML, Java...
Stackoverflow and Reddit have reputation systems, but you can't actually tip someone with real money.
Sites like these could benefit from a payment system where users get money for their correct answers.

[Velkro]

ChangeTip, few years back one of the most promising Bitcoin startups (raised $3.5m seed funds) failed to get traction and will be shutting down soon.

Such a shame. I loved this service, they were probably too soon on market. That was their demise.
Probably new version of changetip will take place in future.

[Juggy777]

Always start with the end in mind. That's a golden rule for startups. Plan your finances and marketing well. Most of the startup fails to see it right. Cash is not the solution, if you can't manage it well. It's sad to see a site like this go, but that's the harsh reality of life. Wish the owners come back with something better.

[Kakmakr]

Frankly, I'm not sad about it. ChangeTip was a centralized service that actually undermined real Bitcoin use and if used imposed obstacles, risks and costs on tipping. It also reduced privacy. To tip another person all you need is a Bitcoin address. I don't see any benefit of using ChangeTip for this purpose and I wouldn't have thrown seed money at such kind of business ($3.5m for what? - a simple app). It doesn't surprise me that it failed to gain traction, because a real Bitcoiner doesn't use it and all other people can't see a reason to register at a service to receive minuscule amounts of a currency they are not familiar with.

So I shed no tear seeing ChangeTip shutting down. It's about time to use the real thing again. And even the lolly purchasers will soon be happy after SegWit and LightningNetworks are going live.

ya.ya.yo!

You know that unclaimed tips goes back to the sender? I could not disagree with you more at this moment. ChangeTip was launched to showcase micro tipping on multiple platforms, which would not be effective with any other payment methods.

I can still remember when Microsoft started to accept Bitcoin on it's XBox platform, and how people reacted to the Free money that were tipped in r\Xbox. We should not underestimate the influence that this application had on Bitcoin adoption or expose to the technology.

I for one, are sad to see it go. 

[pooya87]

Frankly, I'm not sad about it. ChangeTip was a centralized service that actually undermined real Bitcoin use and if used imposed obstacles, risks and costs on tipping. It also reduced privacy. To tip another person all you need is a Bitcoin address. I don't see any benefit of using ChangeTip for this purpose and I wouldn't have thrown seed money at such kind of business ($3.5m for what? - a simple app). It doesn't surprise me that it failed to gain traction, because a real Bitcoiner doesn't use it and all other people can't see a reason to register at a service to receive minuscule amounts of a currency they are not familiar with.

So I shed no tear seeing ChangeTip shutting down. It's about time to use the real thing again. And even the lolly purchasers will soon be happy after SegWit and LightningNetworks are going live.

ya.ya.yo!

it was centralized and i didn't like their rules but a tipping platform which is off the chain is a good thing whether you and i like it or not. it helps speed things up and make everything so much easier.

for instance on reddit you could have asked a question in a non-crypto board like /r/techsupport and then tip the best answer that was very helpful with changetip and the answer didn't have to have a bitcoin address and that way he was introduced to bitcoin too. two birds with one stone!

[Denker]

ChangeTip one was of the early Bitcoin startups.
In the beginning it was a great idea, but it still was a centralized service.
I never used them.Well that's how it looks when ideas continue to develop and progress or not.Either you make it or you have to shut down.

[Senor.Bla]

this is sad somehow as their idea was nice and it brought some new people to bitcoin. but i guess this is what happens if you do not use a service enough and prefer to cling to your coins. known companies will close and this will be a warning to new startups, so we might miss out on some great ideas, because the did not want to take the initial risk. 

[pawel7777]

Funny how people are blaming changetip for being "centralised". Guess what, their goal was to enable instant tips on social media, not to become a high value, anonymous payment processor. FFS, they enabled people to send bitcoin tips to those who didn't even know what Bitcoin is. By that, changetip have probably done more in promoting Bitcoin than any other business. Not every service needs to be decentralised.

And no, sending small tips (micro transactions) directly to btc address don't work, it's horribly ineffective and uneconomical.

I wonder how many of members so concerned about centralisation are actually willing to sacrifice comfort and convenience and start using decentralised services. Open Bazaar failed to get any serious traction, probably same goes for bitsquare (not sure though), and this post it's also pretty revealing.