gantez (OP)
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February 18, 2022, 11:03:44 PM |
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Social media giant, Twitter, has announced that it is adding Ethereum wallet address to its tipping feature.
Twitter started its tipping feature in September of 2021, only supporting Bitcoin via the lightning network, as a way for users to send money through cryptocurrency and other means on its social media platform. Although criticized, the feature is used by a significant number of people in the country the feature is supported.
The social media giant seems to be taking a step further with the newest update on its tipping feature. Now, Ethereum wallet addresses can now be added as a means of tipping on Twitter. This means those with Ethereum wallet addresses can receive crypto on Twitter as tips.
Twitter now supports Ethereum walletsI saw this on the internet that Twitter now supports Ethereum wallets on its tipping feature. This is like the social media trying to have a link with cryptocurrency and that will create more expounding for them. This is like another means that Ethereum is going to go into more use and popular apart from bitcoin that is already going into legalization in Russia and Ukraine etc.
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bittick
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February 18, 2022, 11:14:44 PM |
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I saw this on the internet that Twitter now supports Ethereum wallets on its tipping feature. This is like the social media trying to have a link with cryptocurrency and that will create more expounding for them. This is like another means that Ethereum is going to go into more use and popular apart from bitcoin that is already going into legalization in Russia and Ukraine etc.
This is a good move but it's not the best choice. It may have the different result other than bitcoin with its lightning network. I will see who the hell people who will pay around $20 fees to send a few dollars of ethereum that can't be withdrawn. This is so stupid. I meant how can the company was adding tipping feature without thinking about this. If it works pretty much the same like centralized exchange site and that's fine but it's not for working like another tipping platform.
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StarKay
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February 18, 2022, 11:30:29 PM |
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This is a good move but it's not the best choice. It may have the different result other than bitcoin with its lightning network. I will see who the hell people who will pay around $20 fees to send a few dollars of ethereum that can't be withdrawn. This is so stupid. I meant how can the company was adding tipping feature without thinking about this. If it works pretty much the same like centralized exchange site and that's fine but it's not for working like another tipping platform.
Seeing how big twitter is, one would expect them to introduce another coin rather than Ethereum but I think they are just playing to the gallery. I can boldly say that most twitter users will find this feature useless, I think twitter is just trying to be in the news as being friendly to Ethereum. Gas fees is an impedance to use ETH blockchain for tipping when coins like XRP, LTC, SOL, NEM, Nano, XLM, and others have not been added.
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gantez (OP)
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February 18, 2022, 11:50:18 PM |
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This is a good move but it's not the best choice. It may have the different result other than bitcoin with its lightning network. I will see who the hell people who will pay around $20 fees to send a few dollars of ethereum that can't be withdrawn. This is so stupid. I meant how can the company was adding tipping feature without thinking about this. If it works pretty much the same like centralized exchange site and that's fine but it's not for working like another tipping platform.
Seeing how big twitter is, one would expect them to introduce another coin rather than Ethereum but I think they are just playing to the gallery. I can boldly say that most twitter users will find this feature useless, I think twitter is just trying to be in the news as being friendly to Ethereum. Gas fees is an impedance to use ETH blockchain for tipping when coins like XRP, LTC, SOL, NEM, Nano, XLM, and others have not been added. I think apart from etheruem gas fews that seem on high, the Ethereum is highly preferred more than the coins you mentioned above, in dominance to start with, volume. Twitter may have chosen the right coin for this and I think it is going to be a positive move for twitter and the cryptocurrency .
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bitbollo
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February 18, 2022, 11:56:27 PM |
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ok support for ethereum is already a big step compared to not having a crypto friendly social network. but mostly of twitter users as already said will find this feature useless. at this point they could support metamask to allow to use also "cheaper" blockchains like xdai or matic even BSC it has a cheap price... we have seen several coins built with same standards...
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Accardo
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February 19, 2022, 01:39:14 AM |
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I will see who the hell people who will pay around $20 fees to send a few dollars of ethereum that can't be withdrawn. If the Ethereum cannot get withdrawn then what's the essence of implementing the tipping feature? Is it a way to publicize Ethereum on twitter or just a gradual step that will get resolved, soon it can be withdrawn. Besides, the countries where the feature are supported like India are tech countries that already know about Ethereum and as a form of publicity it'll yield a brief result for the cryptocurrency. Actually, I don't see a good reason for this feature though, especially if it can't get withdrawn regardless of the Gas fee.
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Kemarit
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February 19, 2022, 02:46:59 AM |
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Cool, but not so cool, you know why? It's because of the gas fees issues that Ethereum has been experiencing for the longest time now. So I don't know if Twitter take this into consideration or they are oblivious of the gas fees that they think users of their platform are going to use it as tips. But for us who have been in crypto, nah, it's not going to work for them and it could back fire.
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bbc.reporter
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February 19, 2022, 03:04:10 AM |
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ok support for ethereum is already a big step compared to not having a crypto friendly social network. but mostly of twitter users as already said will find this feature useless. at this point they could support metamask to allow to use also "cheaper" blockchains like xdai or matic even BSC it has a cheap price... we have seen several coins built with same standards...
I speculate that the tipping feature might only be the beginning of a selection of new features being developed by the social media giant. It might also develop and release a platform that might be related to NFT which appear to be the next stage of adoption in the cryptospace. NFTs might also create more mainstream interest than bitcoin, cryptocoins or Defi, I reckon.
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February 19, 2022, 03:10:33 AM |
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-snip- I saw this on the internet that Twitter now supports Ethereum wallets on its tipping feature. This is like the social media trying to have a link with cryptocurrency and that will create more expounding for them. This is like another means that Ethereum is going to go into more use and popular apart from bitcoin that is already going into legalization in Russia and Ukraine etc.
Why Ethereum instead of other coins that has low fees or at least a reasonable fee. Even bitcoin would have been a better option. I doubt anyone would want to spend $15 for sending a $1 tip for a good tweet. They probably will be using off chain transaction for all the tipping, but then what's the use of "supporting Ethereum wallets"? I doubt anyone would be able to withdraw anything from their wallets due to high gas fee. They should have used some other coins.
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imamusma
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February 19, 2022, 03:50:28 AM |
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I saw this on the internet that Twitter now supports Ethereum wallets on its tipping feature. This is like the social media trying to have a link with cryptocurrency and that will create more expounding for them. This is like another means that Ethereum is going to go into more use and popular apart from bitcoin that is already going into legalization in Russia and Ukraine etc.
From me personally, Ethereum actually deserves all of that because in general Ethereum is also a very old coin and has been popular in its time as well so good things deserve to be implemented and accepted by Ethereum in the near future, and I feel very happy if it can happen right.
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Sarah Azhari
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February 19, 2022, 04:14:38 AM |
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Twitter now supports Eth I saw this on the internet that Twitter now supports Ethereum wallets on its tipping feature. This is like the social media trying to have a link with cryptocurrency and that will create more expounding for them. This is like another means that Ethereum is going to go into more use and popular apart from bitcoin that is already going into legalization in Russia and Ukraine etc.
Surprise to hear that news even all posts above not supported for that because of fee, I believe in near future the gas fee Will reduce significant when Pos implemented. Btw, if send eth to eth the fee is not high, what make is high is when send the token because of contract
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asriloni
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February 19, 2022, 04:20:07 AM |
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I don't even think if this will be pushing the utility for ethereum but this was adding more features on twitter. The only problem that must be dealt is just the fees. I think that anyone aware about this problem. It's good to see that more major platform tried to consider crypto as a way to be used as a part of its feature but this is not enough until we will have clear answer about what mechanism that will be used by this tipping feature on twitter. I'm feeling curious about how much fees that must be paid by someone who wanna give others tipping. This is pretty interesting to watch.
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noorman0
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February 19, 2022, 04:32:29 AM |
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Improved features which I find pointless. So far, I haven't found any statistics from using this feature which is the reason for adding ethereum as a tip option. After all, the twitter tip feature only supports iphone devices, right? This means that just to enjoy this feature, one must have adequate devices while other payment platform developers have heavily leveraged the twitter API to connect easily and support all devices. I think, by adding ethereum will not make a significant increase in the number of users.
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Ararbermas
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February 19, 2022, 07:01:18 AM Last edit: February 19, 2022, 07:15:18 AM by Ararbermas |
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Why Ethereum instead of other coins that has low fees or at least a reasonable fee. Even bitcoin would have been a better option. I doubt anyone would want to spend $15 for sending a $1 tip for a good tweet. They probably will be using off chain transaction for all the tipping, but then what's the use of "supporting Ethereum wallets"? I doubt anyone would be able to withdraw anything from their wallets due to high gas fee. They should have used some other coins.
well who knows in the future if ethereum gas fee suddenly makes changes and it becomes fair again? And probably twitter is not pushing every user to send tips with ethereum in my personal opinion, wherein they just want to acknowledge all people that ethereum feature is available and it still depends to all if they will like to use it or not for tipping tweets.
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danherbias07
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February 19, 2022, 07:11:42 AM |
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I remember one website that did this and they are tipping Bitcoin back then. I forgot the name, something like Steam or Stream. There's a bonus for achieving something and I got 10mbtc back then. It was successful at the start and people keeps on tipping good amounts until issues of plagiarism came and I guess the management cannot handle it anymore. (tried to google but cannot find it anymore) Twitter will need a large support group to avoid these circumstances if they want to continue the tipping services. It's not fun for an original creator to be copied and then the plagiarist will make more.
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Strongkored
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February 19, 2022, 07:19:58 AM |
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They just added ETH in their tipping feature, but this will not have any impact even maybe no one will want to use this feature because eth gass fee is high, maybe if Twitter added others coins that the tx fee is cheap it will be very useful but this will useless.
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Zotak337
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February 19, 2022, 07:29:03 AM |
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I hope twitter devs are fully ready for this, twitter platform was never that secured so I'm sure many scam and hacks will happen on Twitter soon it was never secured to begin with, the platform is full of fake accounts, scammers and spams.
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Semar Mesem
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February 19, 2022, 07:54:45 AM |
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I hope twitter devs are fully ready for this, twitter platform was never that secured so I'm sure many scam and hacks will happen on Twitter soon it was never secured to begin with, the platform is full of fake accounts, scammers and spams.
The easiest thing for twitter is to provide strict conditions so that it is not used for scammers, I'm sure if twitter is serious then they get a lot of great benefits by accepting ethereum, and I hope that not only ethereum is accepted but other coins that make it easier for users.
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Yogee
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February 19, 2022, 09:40:07 AM |
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Perhaps not everyone is aware but it is mentioned in the linked article that payment will be processed by a third party so I guess that could mean tips sent are not done on-chain. That would answer the problematic gas fees on Ethereum but it's also mentione that the processor may charge fees.
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jossiel
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February 19, 2022, 09:54:18 AM |
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The feature was added last year and I am not very much sure if I've seen plenty of people who have tried to tip through LN.
Well, just as the concern of others about the fees. It's not wise but very well a good addition for another crypto for their tipping service. Let's expect that there will be more soon in the future.
And those are likely to be the top altcoins.
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