[ANN] Laybit.com - Bitcoin micro donations

[Kris]

Ok so I've build this great thing, which many people are missing, or at least from what I can read

Laybit Bitcoin micro donations.

Now the thing is, can I get people to Add Stuff, like websites, blogs you name it. Can even be your own post, you could just name your "Stuff" My Post, and insert your Laybit button, and people could Tip to your jar if they find what you write useful.

I really want to test this, but yeah I need people to Add Stuff in there Dashboard.

Button for forums in text:

Laybit - Bitcoin micro donations

Code:

[url=http://laybit.com/button/click/3?type=forum]Laybit - Bitcoin micro donations[/url]

And using BBcode:

Code:

[url=http://laybit.com/button/click/3?type=forum][img]http://laybit.com/button/compact/3[/img][/url]

Code:

[url=http://laybit.com/button/click/3?type=forum][img]http://laybit.com/button/icon/3[/img][/url]

With QR-codes, stuff in the real world can be Laybit as well



Yours sincerely
Kris

[mila]

so first thing a donator must do is to fund his account?
you then aggregate donations and pay out a single 'large' cumulative withdrawal?

not sure about the button color ; ) too flattr-like
great project btw. what's your estimated time between hacks?

[notme]

what's your estimated time between hacks?

No CSRF protection... I'd say 2 months.

[notme]

You are correct mila,

Every single month, the system calculate the "clicks" or lets call them Bitcoin Tips on every "Stuff" and spread the donations evenly.

Lets say four people has 0.50 funds in there account, and they choose to use 0.10 monthly. If they click on the same "Stuff" that "Stuff" would have 4 Tips at the end of the month.

The system will then calculate that this "Stuff" need revenue from the four people based on what they set "Use Monthly" to.

The result is that "Stuff" gets 0.40 Bitcoin and can withdraw those.


What do you mean by "estimated time between hacks"


Keep in mind, I build this in 6 hours, so alot more to come

I have no interest in signing up, so I don't know how you handle things, but if you allow withdrawals and don't have protection from http://en.wikipedia.org/wiki/Cross-site_request_forgery, then I can make a website that steals your users funds if they are logged into your site.  There are lots of other attack vectors for websites, and if you're dealing with money you need to be extra vigilant.

Disclaimer: I'm not a hacker and would never actually do that.  I'm merely pointing out what is possible.

[mila]

thanks for the reply
i think you're focusing too much on the flattr way of tipping
what turned me off was this monthly cycle. period
it's bloody inconvenient (see? period joke again) to fund/spend/tip on a fixed cycle
i love my winter sleep of weeks off line and if giving tips it might be subject of a bunch of variables
i like giving donations but when i like.
anyway still watching

[mila]

What do you mean by "estimated time between hacks"

the elephant in the room ...

"a lot of websites" processing bitcoins one way or the other report security issues.
either wallets compromised or attacks preventing the use of the service or just go missing in action
what they have in common is they go tits up with funds in custody.

not able to give you 'exact' numbers if it's majority by domain name count or just a huge part of the ecosystem or a minor problem (don't trust me on that one, it's not a minor problem).
to an unbiased observer this might appear as a major issue and a question of time until it happens first time
then next time, thus we should be able to calculate the mean time between hacks.

even the bitcoin faucet was pwned!!! there are no more honest thieves out there?

[RaggedMonk]

Interesting... watching.

[finway]

Great!

[Seal]

Thats a great idea. Is it kind of like Digg or Google's +1 but with a real money tip?

If I were you I'd remove the adverts off your website until you have gained a decent amount of followers.

[apetersson]

sounds great!
one suggestion: you should keep the barrier to entry extremely low.

-consider making usernames optional, just require a deposit and maybe a return address (if funds are not fully spent)
-pop-up windows are not really great. i would go for in-place DOM manipulation via JS or plain'ol redirect pages. most modern browsers block popups.
-if the user does not have a funded account present him a qr code/deposit address directly for direct tipping without account, optionally settings to withhold a certain amount for later.

[Nachtwind]

Alright.. i signed up and will add a link to virtualminer when it comes back up online...

[Seal]

How about implementing a way of adding donate buttons to people's forum signatures

[Andrew Vorobyov]

No CSRF protection... I'd say 2 months.

[Andrew Vorobyov]

WTF? why I must deposit through Walletxxxx.com? where is direct bitcoin address?

[DeathAndTaxes]

Seems strange that you chose to replicate flatter system.

Flatter is essentially a solution to the problem of micro donations.  With credit card costs being $0.30 + 3% making small tx doesn't make sense.  That is the only reason flatter charges the user each month and then splits their monthly fee/fund into per click donation then combines it with other donations and issues a single payment to each donatee.

It is simply an abstraction.  It isn't optimal.  They only did it that way because of the "rules of the game" associated with credit cards.

With Bitcoin you have very low tx costs and have no way to do recurring billing.  Trying to fit their method into a Bitcoin system feels like a square peg in a round hole.

[Bitcoin Oz]

It would be good if you could build a blog commenting system that allows people to earn btc on such sites as wordpress simply by installing a plugin.

The other option would be disqus plugin.

Something to think about

[alexanderanon]

The ideal is using a URI link that you could href a pretty button img to, and which accesses the bitcoin client, rather than some account on some person's website. Genjix wrote about this: http://bitcoinmedia.com/bitcoin-me-using-clickable-site-uri-links/

[grue]

pretty much this:

Seems strange that you chose to replicate flatter system.

Flatter is essentially a solution to the problem of micro donations.  With credit card costs being $0.30 + 3% making small tx doesn't make sense.  That is the only reason flatter charges the user each month and then splits their monthly fee/fund into per click donation then combines it with other donations and issues a single payment to each donatee.

It is simply an abstraction.  It isn't optimal.  They only did it that way because of the "rules of the game" associated with credit cards.

With Bitcoin you have very low tx costs and have no way to do recurring billing.  Trying to fit their method into a Bitcoin system feels like a square peg in a round hole.

[R-]

@Kris, not bad.

[dooglus]

what's your estimated time between hacks?

No CSRF protection... I'd say 2 months.

There are now CSRF protection on Laybit, estimated time between hacks = zero?

Higher is better.

(and it's 4/20)