Topic: [2021-09-01] Twitter Beta Testing Bitcoin Tipping Feature (Read 356 times)

https://help.twitter.com/en/using-twitter/tips

Pasting a bitcoin address in > the third-party services that are all the other options

Agreed, however, there is much to explore in NFT as the next disruptor to avoid the SEC’s securities laws, I reckon. I am not telling everyone that it is not in a bubble, but similar to the art market used by money launderers, these money launderers will have a new more transportable and more portable mediums in NFT.

I asked someone I know well and got denied The guy is a good dude though, he explained me everything I wanted to know about Bitcoin and even more, so I'll still be always grateful for the knowledge. After all, it helped me much more than a few bucks in BTC and I found my way to acquire the coin on my own

Like I said, a lot of crypto simping going on too. People buying overpriced NFT nudes for precious BTC (not that there even is a right price for that kind of "art") thinking it's buying them some kind of loyalty or love. Though I think it happens much more for altholders. Bitcoin holders seem to be less and less prone to this pointless spending. They're just generous in a more useful way -- helping people out with their first coins, sending a drop to your wallet, which is exactly how I popped my BTC cherry, just because I asked someone. Won't ever forget that.

There are also those group of Asian women on Twitter who like posting pictures of themselves wearing sexy clothes and bikinis. They also have Twitch accounts and they play different games with their sexy clothes and sometimes sexy cosplay costumes hehe. I reckon those girls might be earning more money than a real job being a cashier in a grocery store.

Even though in theory, that's possible, I still don't think Twitter would allow such a thing to exist for a long time.

If only the redemption process didn't come with an expiration time, it would've been a lot more popular.

Here you go:

• Quote from: Cyrus on August 25, 2021, 05:53:14 PM
  Alsp, here's the show's Twitter account: @BtcTalkShow
  IMO it would be a good idea to tweet some of the contest entries and ideas from here.
  

Where have you seen that? There are only 3 tweets available and the account has only 20 followers currently, I think it's just the own account of aoluain IMO.

Yes, you can tip with dogecoins on Reddit with a tipping bot, and it's really funny if you like dogecoins
https://www.reddit.com/user/sodogetip
https://sodogetip.xyz

For twitter it's coming

https://www.trustnodes.com/2021/09/02/twitter-confirms-launch-of-bitcoin-tipping

^ So, yeah, already have tipping. I suppose people'd feel safer using the in-house tipping function, and for those who don't want to KYC, then you already have all those 3rd party options. I personally don't think it's going to do much but then I suppose I've always underestimated how social media seems to get people opening up their wallets to simp on *cough* influencers.

There are independent tipping bots on Twitter (no KYC etc.) already, for Bitcoin and other cryptocurrencies.

https://twitter.com/satoshi_LN_bot for Bitcoin via Lightning.

Not too sure.  Generally, I try to avoid Reddit at all costs where possible.  But a quick search seems to suggest they allow people to use their own third-party tipping bots, meaning Reddit don't handle the tips directly.  I'm sure someone clever could create something like that for Twitter.  Or perhaps someone already has?  It looks like Reddit also experimented with native support for fiat tips by credit card payments via Stripe, but I don't think that went anywhere (I could be wrong, though).

Clearly Bitcoin, Strike, Twitter, the exchanges, bitcoin services and gambling sites will benefit if more people have bitcoins.

@buwaytress. Reddit had a tipbot for dogecoin. They also have a similar tipbot for Twitter, I reckon created by the same development team.

I was about to even question why the need for invoicing and such, and then yes, I just remembered Twitter's quite uncompromisingly a US entity. That's when all this complications made sense.

But then, doesn't (or didn't) Reddit -- also a US company -- allow Bitcoin and crypto tipping? Didn't they have a tipping bot that didn't even interact on-chain until you withdrew?

The fear of losing their status to concurrent innovative social medias is huge, so they must embrace bitcoin while their popularity is still giant. Just like New York's politicians, now Twitter wants to be crypto friendly.
At first moment, for most people it won't make any difference anyway, because they aren't based in USA or El Salvador.

But I'm sure as soon this concept starts being executed for real, there will appear middlemen services working as a bridge between the platform and users, so everyone can enjoy the benefits of the new twitter's feature, doesn't matter where they are from.

Although this is not good news for certain nations, the project's development is still limited for others, and they may not be able to access all of the features because of Strike.

As for Twitter, I suppose this is the only option they have if they want to protect their reputation from the ramifications of bitcoin tipping and I'm not sure if Bitcoin will really benefit from this or the company only.

Funny how things turn around, not so long ago these guys where banning crypto influencers accounts and ordinary crypto users accounts (https://www.coindesk.com/markets/2021/03/10/multiple-crypto-related-twitter-accounts-have-been-suspended/) and here we are now sending congratulatory messages for their business move in including a bitcoin tipping service, hope they are not playing to the gallery to avoid losing users seeing the crypto community has grown.

Glad to know that Twitter themselves are implementing this. Earlier i guess we could only use Bitfortip for getting this done. With a feature within Twitter, this ought to be really wonderful.

@DooMAD. Agreed. It might be to avoid compliance issues and use Strike as the shield. It might also be a form of consignment of the task of developing and adding the feature to the social media platform. I reckon Twitter cannot do the job on their own or it might be more expensive for them to do it on their own.

I can only assume it's something to do with Twitter being a US-based entity, maybe?  The only way it makes sense in my head for them to knowingly restrict usage to the US and El Salvador is if some regulator/lawyer/other-red-tape-dispensing-bureaucrat has advised them to.  

It's likely they don't want to end up facing (likely baseless) accusations of aiding money laundering, so they're going down the route that involves at least some KYC/AML.

I don't understand the integration with Strike at all.
Why not implement the tipping feature in a way that works with any wallet (including, but not limited to Strike)?

Strike is only available for a very limited number of users globally and Twitter will completely rely on the Strike team to deliver on their promise to expand globally quickly, which they have so far failed to do for (from my memory) over a year. I totally understand why: they have to partner with banks and stuff to be able to integrate local currency with Bitcoin, since they're almost acting as an exchange, which is no easy task.

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But the way I would implement a tipping feature (and have done so, actually, this year as a tipping bot - BT post and open source code release will follow when I find the time):

1) User A wants to tip user B: Twitter generates invoice and gets paid by A (funds now in Twitter's hands, but B's 'balance')
2) Twitter notifies B that they received a tip via a notification and allows to paste an invoice to withdraw in a new menu / page.
3) User B can either wait till they receive more tips or withdraw at any time, by pasting a valid invoice (not larger than 'balance')

Both users can use any LN wallet they want. Those that have access to Strike and don't have any Bitcoin yet, can download Strike to acquire Bitcoin and tip those via Lightning, others can just use any other Lightning wallet.

The idea here is that only the 'receiver' trusts the service and trust is limited through the ability to withdraw at any time, whereas in previous solutions users had to load up a 'balance' (via on-chain or LN), then use that to tip (all tips are just database value changes) and withdrawal takes another Bitcoin or LN transaction. Of course, 'senders' could just load up very small amounts (e.g. the amount for 1 single tip) via LN due to low fees, but it's one extra step.

I'm sure that a big company like Twitter might even figure out a smarter architecture than me in my small amount of free time, the above is just one idea that would work universally and is quite a good user experience (feedback I got for my own tipping bot that uses that architecture).

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Finally, the best way would be static invoices like keysend or LNURL-Pay. These would allow to eliminate the 'payee trust' requirement and any middleman completely, but not all wallets support those yet. There is also the proposal of Offers with the same purpose.

I reckon that would be okay if only for online tipping. Every service or application does not need to be decentralized in the cryptospace. It would also be much more simpler for twitter users who much of them are not crypto users to enable their accounts to receive tips.