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Author Topic: Twitter seems likely to integrate tipping using Bitcoin.  (Read 281 times)
Darker45 (OP)
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September 24, 2021, 02:33:00 PM
Merited by o_e_l_e_o (4), suchmoon (1)
 #21

So here we go. The ball has started rolling. The tipping feature is now available on Twitter. For now, it could only be accessed by some iOS users. Android will follow in the coming weeks.

The feature is presumed to be compatible with Strike, Cash App, Muun, and other third-party Bitcoin payment solutions. Of course, Square's upcoming hardware wallet will also be supported by this feature.[1]

With this new service offered, Twitter has somehow become a hybrid platform, serving both as a social networking site and as a remittance app. One could now freely and instantly send money to anybody on Twitter all over the world.

[1] https://bitcoinmagazine.com/culture/jack-dorsey-twitter-rolls-out-bitcoin-lightning-tips-for-ios-users

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September 25, 2021, 02:34:31 AM
 #22

If people are displaying LN invoices as a means to receive payment, there should not be a major de-anonymization issue, as it is not trivial to get a lot of information about transaction history from a LN invoice, and is even more difficult if you are not actively monitoring a channel.
Assuming that they are only going to allow you display Lightning invoices. I'd be very surprised if there was no option to display a standard Bitcoin address, especially if the information about allowing users to display Ethereum addresses is accurate.
When Twitter was hacked last year, they prevented users (it might have only been verified users) from tweeting anything with a bitcoin address. Displaying a bitcoin address gives you the same amount of privacy as posting an address here. Tweets are generally not indexed by search engines, so tweeting an address might give slightly more privacy than posting one here. Displaying an address in your profile probably gives about the same amount of privacy as having an address on your profile here.
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It has the potential to be even worse than what you describe. Accounts can get hijacked, and new addresses/invoices can be changed in a profile without someone creating even a single fraudulent tweet.
I never even thought of that. How often will the average Twitter user visit their own profile to double check the address/invoice hasn't been changed. Even worse considering a hacker could have days to generate a look-alike address using a vanity generator so it is not immediately obvious.
Most people don’t tweet every day, so even if you checked to ensure your address/invoice has not changed every time you visit Twitter, it could still be changed for days.

One solution might be to make changing an address to be a “security event” which results in an email being sent to the user and/or requiring a delay before the changes address/invoice is displayed.
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September 25, 2021, 07:06:54 AM
 #23

So here we go.
Props to Jack Dorsey. I've never really liked Twitter as a platform or their stance on free speech (or lack thereof), and I don't (and won't) have an account, but Twitter has over 300 million active users each month who can now tip each other instantly and for free. Other providers are going to have to get on board or start losing customers.

One solution might be to make changing an address to be a “security event” which results in an email being sent to the user and/or requiring a delay before the changes address/invoice is displayed.
And then have a bunch of users complain that they lost/deleted their wallet or their wallet was hacked, and Twitter wouldn't let them change their address and so they lost a bunch of money which was sent to their old address. Although I suppose that is fixed by letting someone remove an address or invoice from their profile immediately, but require email confirmation and a delay to upload a new one.
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