Changetip bitcoin exchange
Let me quickly address why this is a bad idea. First of all, every time I strike up a random conversation with a stranger, I discover that they have already heard about Bitcoin. I assume this is because the Bitcoin community has already proselytized the word of our Lord and savior Satoshi Nakamoto far and wide. So, my anecdotal evidence suggests that everyone who will ever hear of Bitcoin has already heard of it. Pushing the currency in underhanded ways will just create derision.
We need to work as a community to buy advertising like normal people, and perhaps work on our collective image. After years of acting like enfants terribles, perpetrating a prosecution complex, fearmongering about an inflationary collapse that refuses to happen, veering into antisemitic rants about Jewish bankers, blaming Mt. Gox victims, brigading a Nobel laureate, badmouthing core developers, attacking researchers including yours truly for finding and even fixing a flaw, and making predictions that were later borne out; you know, things that were actually good for Bitcoin , and beating the drums for countless scams, the real barrier to adoption at the moment is the community itself.
Clean up that act, and the rest may follow. Or not, because the online payment space is crowded right now, but it's a first step towards not being sociopathically selfish, which is a prerequisite for reaching a wider audience. It's also a prereq for effective tipping. Tipping is a nuanced act that requires some social savvy, tact, and grace. Here are some quick tips to reduce the cringe factor associated with tipping strangers online:. Selfishness and tipping do not mix. Do not tip because you want something, such as increased exposure for Bitcoin.
Do not tip someone to get something later. Tip only because you unconditionally want to give something nice to someone else. Tip only when there is a service that was rendered that is of immediate benefit to you. Do not tip out of sympathy. Human emotions are not denominated in dollars or Bitcoins. The tip must be commensurate with the service performed and the utility received. No fractional pennies, in fact, no pennies at all. If you wouldn't pick it up off the floor, don't give it to someone else as a gift.
A tip that has a low net present value is downright offensive. And we live in the here and now. No one cares if you believe your measly one ten thousandth of a Bitcoin will be enough to go to the moon some day.
Mark it to market. Do not tip people who work out of love or passion. Do not tip people who are kind to you. Do not tip anyone just for being themselves, especially if they have lived through an adverse event or illness. Do not tip people whose accomplishments dwarf yours. Keep in mind that when you're behind a made-up username, you look indistinguishable from the know-nothing-did-nothings and loquacious shills that crowd out social media; "anoncryptoman" is the equivalent of a Victorian street urchin -- do not tip from such an account to someone whose real-world identity is known.
Do not tip government employees, accountants, military personnel, and financial officers, who need to keep their finances clean of conflicts of interest. Do not tip judges, doctors, nurses, EMTs, cops, DAs, professors, construction workers, in fact, any professional of any kind outside the service sector. And please, and I'm not making this up, do not tip Oprah! Or Bill Gates for that matter.
If you feel that the situation calls for a microtip, do it privately. In cultures with extensive tipping, you always slip the cash discreetly, often through a handshake. Remember, it's a selfless act, neither your ego nor your public perception ought to be involved, so there is no justification to do it publicly. But overall, it is far better in most cases to organize a charity drive than to drive-by-drop a few penny shavings.
These microtips have never made the world a better place, in the same way that those New-Agey emails about how someone once paid for someone else's toll on their commute never accomplished any lasting societal change for the better.
As the New Age flakes like to say, not all who wander are lost -- but they sure get in the way of other people. Changing the world is difficult and requires concentrated action.
Penny gifts are a dead-end distraction, an easy way to appease one's conscience and justify inaction. Finally, some people trot out the argument that the online tipping mania is harmless. It's very much not, because the underlying motivations are all too clear and reflect on all of us.
It's at best spammy. Tipping penny pieces to increase the value of one's Bitcoin holdings is duplicitous. And yes, even people who were "making it rain in the club" have actually been sued for throwing cash at people. Not everyone is hunting and hurting for dollars, and normal people would like to earn a living with dignity. Penny tipping violates social norms and makes the Bitcoin community look cringeworthy, which in turn is bad for Bitcoin. I am certain that the people who work for it are well-meaning, reasonable people.
But the lack of a revenue stream is an inescapable fact. The math portends an unsustainable cash flow; they will ultimately have to fold or else change their business model. When the music eventually stops, our identities will be up for sale. Even if the company manages to stick to its current avowed business plan until bankruptcy, there is no telling what others will do with the ChangeTip data. Some people are conflating Bitcoin with ChangeTip.
The two are, in effect, totally separate currencies. One of them is decentralized and backed by the blockchain, the other is centralized and backed by a company. It is marketing genius that this centralized currency allows payments to be denominated in Bitcoin, which then creates confusion.
The concept of sending bitcoin micropayments over social media was inspired by BitcoinTip, which began facilitating bitcoin micropayments on Reddit in July , and was decommissioned in April after assisting users in migrating to the ChangeTip platform. In October , ChangeTip experienced a viral phase which has resulted in a dramatic surge of interest in the tipping platform.
A drawing was held to select a winner by random, and Reddit users each made donations to the winner using PayPal , ChangeTip, and other cryptocurrencies. In November , it was announced that Changetip would cease operations at the end of the month. Users and critics of the ChangeTip service have expressed concerns about internet privacy , particularly repercussions which may result from linking various social media profiles to a single entity.
For example, a Facebook user might connect their profile to ChangeTip in addition to their Twitter or Reddit profiles with the potentially unintended consequence of creating a link between these profiles. From Wikipedia, the free encyclopedia. ChangeTip Type of site. The Renaissance of Money". Retrieved February 21, Retrieved February 22, ChangeTip exceeds 10, tips in one day". The Coming Micropayment Disruption". Retrieved 21 November