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Author Topic: Tipping May Be Bitcoin's Next Killer Application  (Read 1733 times)
dothebeats
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February 27, 2015, 08:29:17 PM
 #21

The responses in this thread kinda show just how dumb the average person in the bitcoin community is....

Bitcoin cannot handle microtransactions. Hence, using bitcoin for tipping will never, ever work(On a large scale).

Tipping is not also ideal as it will generate dust outputs that can be a problem to the receiver and the sender as well. The thought of tipping is good, but the implications are rather not good Sad

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tiphound
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February 28, 2015, 12:24:45 AM
 #22

Good topic. I've been working on someways to solve somethings with a customized changetip bot.

I read what this guy had to say, (even got him using it ) http://mindbodymash.com/running-on-empty-experiments-in-pay-what-you-want/ .

My changetip bot is called TipHound and runs on the r/tiphound reddit thread.

You turn your links into tippable content at : TipHound.me .

Now your asking what is the use of it ? I don't have all the answers , but I'm starting to get a better idea as time goes and will come back here and write more about what I've discovered.

Just wanted to say tipping can change things no doubt. Thanks all.
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March 02, 2015, 05:43:23 AM
 #23

The responses in this thread kinda show just how dumb the average person in the bitcoin community is....

Bitcoin cannot handle microtransactions. Hence, using bitcoin for tipping will never, ever work(On a large scale).

Tipping is not also ideal as it will generate dust outputs that can be a problem to the receiver and the sender as well. The thought of tipping is good, but the implications are rather not good Sad
The dust issue is resolved by people using off-chain services (like changetip that was mentioned in the article) to tip others, and once there is a large enough amount of accumulated amounts of tips received, they can then 'withdraw' to an address of which the user controls the private keys too.

I however really do not understand the concept of tipping, at least in the way that most people tip on places like reddit. I would say it would be more appropriate for people to receive a tip when they give a good answer w/ explanation that someone is looking for, not for making a good point, or for providing information that was previously unknown and was not being seeked
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March 02, 2015, 06:04:04 AM
 #24

Well tipping would definitely help grow the Bitcoin user base and if implemented right could be a boon to content creators.
This is one area however where I feel competition is not a good thing. Ideally it would be an application developed by the core Bitcoin team with profit not being the motivating factor. And if this could be spread internet wide, I believe we would have a winning strategy for Bitcoin adoption.
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