R.I.P. ChangeTip

[NeuroticFish]

Ps. Dogetipbot seems still to be working tho  

This remains true because of a couple of huge differences between Bitcoin (and its community) and Dogecoin (and its community).
While Bitcoin community is more focused on real gains and more ... serious, dogecoiners (while they got much less than before) are happy even with 100 Doge gift, although it means nothing as value.
The small valuation of dogecoin may have also helped in this.
All in all, Dogecoin tips on Reddit still happen, while for Bitcoin one has to actually work.


Edit: of course, there are a very few exceptions in Bitcoin community too, notable persons that still use(d) to give out free Satoshi now and then (I know of BipolarBob, philipma1957 and Stunna)

[~Bitcoin~]

Have heard about changetip but can't find them useful or atleast i don't see any use for me. Recently micropayment platform faucetbox also announced it will be shutting down due to very low revenue. Now another bitcoin micropayment platform dying, anybody have good idea how they could have survived?

I thought of one idea to increase faucetbox revenue by adding one banner ad from faucetbox on faucet script which can't be removed by faucetowner and faucetbox could have sold that banner space on bidding.

[topesis]

The problem with most of these start ups is that they have nice idea but you still need to market it right and start generating revenue and making profit. These trend will still continue especially in crypto all these ICOs with no real way of making profit will wind down soon

[European Central Bank]

Funny how people are blaming changetip for being "centralised".

yeah. this moan is getting a little old. and most people who are rolling it out probably bought something via a processor or an exchange or service like circle and are using this forum. none of them looked too decentralized last time i checked.

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

uh, yeah. the guy was abusing and exploiting their system. if i was running it i'd ban the asshole too.

[amacar2]

We may see few other alternatives popping up on same idea as of changetip but with some better idea to generate more revenue for the project. Where does those seed money were used? Any info regarding how that was used and what return those investors got who have crowdfunded changetip?

[European Central Bank]

there wouldn't be any return. i can't imagine one single bitcoin company has made a return for any of their investors. the only ones that do make money are gambling, dark markets and exchanges and they rarely seem to get legit investment.

i guess the money went on the usual stuff like premises, wages, promotion. it's pretty easy to burn through a million or two if you're trying to keep up appearances.

[Milkduds]

Was the main premise to create a easy way for writers that did not see the light of day in the circle of magazines to still get paid?
Its to bad,as we need more voices to counter the 'fake news"(Sorry could not resist) and breathe fresh ideas and concepts into a polluted narrative
ran over by big wallets.
Did not follow the evolution line of how the service might have gone off track but I would hope that there is still a place to reward well thought out papers and articles.

I also agree a lot of companies that are now needing life lines due to ill thought out ideas should go to the way side and be replanned or left to die.
Hopefully a better concept comes along.

[deisik]

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

I have to disagree with that

Once upon a time, namely, just a few weeks after my registration on the forum, some forum member had tipped me for explaining to him in simple language why deflation (i.e. appreciation of money) is worse for the economy than mild inflation in the long term. It was dust of course (something like 1 mBTC or even less than that), but it was exactly that and it was exactly me!

[mikewirth]

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

I have to disagree with that

Once upon a time, namely, just a few weeks after my registration on the forum, some forum member had tipped me for explaining to him in simple language why deflation (i.e. appreciation of money) is worse for the economy than mild inflation in the long term. It was dust of course (something like 1 mBTC or even less than that), but it was exactly that and it was exactly me!

All microtransaction applications are dead.  The new bitcoin 'swipe fees' of $.20 are murder on most applications that are not settlement applications.  Blockstream wants Bitcoin as a settlement only scheme.  This way, they can charge you to use their "Lightning Bullshit"

Blockstream business model:
Step 1: cripple network
Step 2: sell the people a fix.

[calkob]

Only heard this news the other day, is it because they know that the writing is finally on the wall with Bitcache and LN on the horizon ?

[pawel7777]

Only heard this news the other day, is it because they know that the writing is finally on the wall with Bitcache and LN on the horizon ?

You tell me. Does bitcache and LN allow you to send tip to twitter account, or tip reddit post? Will they allow you to tip someone who doesn’t even know what Bitcoin is?

ChangeTip failed because they were spending more than earning. It's that simple.

[Viceroy]

Is this the same as tipjar?

[0xfff]

I never knew ChangeTip was a company. It's sad to see it go. I think the reddit community really liked it. 

[Kakmakr]

I never knew ChangeTip was a company. It's sad to see it go. I think the reddit community really liked it. 

ChangeTip made provision for tipping on multiple platforms, not just on Reddit. They had plugins for Facebook, Github, Google+, Stack, SoundCloud, Tumblr, Twitch and Twitter. So you had a wide variety of choices where to tip. I think, people just got greedy. The Bitcoin price increased over a long time, and people started to hoard bitcoins more than usual. They did not want to spend it, because it got more valuable over time. 

Tipping is also not a custom all over the world.

[Herbert2020]

I never knew ChangeTip was a company. It's sad to see it go. I think the reddit community really liked it. 

ChangeTip made provision for tipping on multiple platforms, not just on Reddit. They had plugins for Facebook, Github, Google+, Stack, SoundCloud, Tumblr, Twitch and Twitter. So you had a wide variety of choices where to tip. I think, people just got greedy. The Bitcoin price increased over a long time, and people started to hoard bitcoins more than usual. They did not want to spend it, because it got more valuable over time. 

Tipping is also not a custom all over the world.

people were using the tipping part specially in places like Twitch a lot and i have seen it be used on reddit too and i don't think people using or not using the platform for tipping has anything with them shutting down because it was free to tip and also free to withdraw. there must be some other reasons behind it.

[deisik]

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

I have to disagree with that

Once upon a time, namely, just a few weeks after my registration on the forum, some forum member had tipped me for explaining to him in simple language why deflation (i.e. appreciation of money) is worse for the economy than mild inflation in the long term. It was dust of course (something like 1 mBTC or even less than that), but it was exactly that and it was exactly me!

All microtransaction applications are dead.  The new bitcoin 'swipe fees' of $.20 are murder on most applications that are not settlement applications.  Blockstream wants Bitcoin as a settlement only scheme.  This way, they can charge you to use their "Lightning Bullshit"

You can't eat your cake and have it

At least, not in the form and state which you would like to eat it again, so to speak. In fact, this had to be expected. You can't raise the Bitcoin price without raising the fees at the same time and in the same fiat terms (say, dollars). If Bitcoin continues to climb the price mountain (what we all hope for), we will see a lot of other applications falling off dead till the time when even regular payments become too expensive to be made directly in bitcoins themselves

[0xfff]

I never knew ChangeTip was a company. It's sad to see it go. I think the reddit community really liked it. 

ChangeTip made provision for tipping on multiple platforms, not just on Reddit. They had plugins for Facebook, Github, Google+, Stack, SoundCloud, Tumblr, Twitch and Twitter. So you had a wide variety of choices where to tip. I think, people just got greedy. The Bitcoin price increased over a long time, and people started to hoard bitcoins more than usual. They did not want to spend it, because it got more valuable over time. 

Tipping is also not a custom all over the world.

I never knew they expanded that much. It's a shame to see them go out of business. Maybe someone else will take the place.

[pawel7777]

...You can't raise the Bitcoin price without raising the fees at the same time and in the same fiat terms (say, dollars)...

What do you mean? There's no minimum, set-in-stone bitcoin tx fee (well, you could say 1 satoshi is the minimum). If BTC price goes up to $1m/1btc overnight the free market (after some time) would bring the fees to the lower level.

There's no strict correlation between fees/btc price. You could have btc price at only $100 and still have high fees, if there's high transaction demand and blocks are full.

[deisik]

...You can't raise the Bitcoin price without raising the fees at the same time and in the same fiat terms (say, dollars)...

What do you mean? There's no minimum, set-in-stone bitcoin tx fee (well, you could say 1 satoshi is the minimum). If BTC price goes up to $1m/1btc overnight the free market (after some time) would bring the fees to the lower level.

There's no strict correlation between fees/btc price. You could have btc price at only $100 and still have high fees, if there's high transaction demand and blocks are full.

You obviously missed that part about "fiat terms". You may set no fee to your transaction, and it may get confirmed in the end (though this is not likely to happen at the next block). I mean if Bitcoin price increases, so do the fees in fiat terms, while they obviously remain the same in bitcoins. This is what we see today, and some people are already complaining about microtransactions no longer feasible exactly because of the fees being too high. Whether the fees will go down if Bitcoin price continues to rise remains to be seen, though...

But so far the fees are what they were when Bitcoin was at $200

[babyjesusftw1]

A business founded on bitcoin tipping doesn't really seem viable at this point in time. Maybe when bitcoin takes off worldwide on a much larger scale could it be viable. There's just not enough demand for this type of service at the moment since bitcoin still isn't adopted by the masses yet.