Andreas changetipping at the speed of light on twitter

bf4btc

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Quote from: inBitweTrust on December 28, 2014, 04:11:55 PM

Quote from: smoothie on December 28, 2014, 04:01:39 PM

How will people withdraw this much money if they want to convert it to fiat?

1- 30 dollars was given.
Low - 1usd-0.04tx - 1% offramp fee with coinbase/circle = 0.95
High- 30usd-0.04tx - 1% offramp fee with coinbase/circle = 29.66

But , that isn't really the point anyways as the tips are given so they can retip them , save them , or buy stuff with them directly.

there isn't very much you can buy for $0.95. I also think coinbase charges a small bank fee of ~$.70 for each withdrawal (or it might be deposit, or both, I forget which)

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I like this guy. Passionate and active. Will check out his Mastering Bitcoin publication.

inBitweTrust

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Quote from: smoothie on December 28, 2014, 04:01:39 PM

How will people withdraw this much money if they want to convert it to fiat?

1- 30 dollars was given.
Low - 1usd-0.04tx - 1% offramp fee with coinbase/circle = 0.95
High- 30usd-0.04tx - 1% offramp fee with coinbase/circle = 29.66

But , that isn't really the point anyways as the tips are given so they can retip them , save them , or buy stuff with them directly.

smoothie

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How will people withdraw this much money if they want to convert it to fiat?

funtotry

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Quote from: inBitweTrust on December 27, 2014, 04:10:33 PM

Quote from: scarsbergholden on December 27, 2014, 02:58:35 PM

There is really not a lot you can do with that little of bitcoin.

It also would not make any sense for them to allow people to withdraw 10k sats since the TX fee would eat up this entire amount.

P.S. - 10k satoshi is .0001 BTC which is ~3.2 cents Wink

You misread my comment.

It is a 1k not 10k limit and transaction fees are optional with bitcoin if you want to wait.

He was tipping between 1 to 30 dollars . Plenty for people to retip or play around with.

Most shared wallet services (like exchanges, pools, and things like changetip) are going to force you to include a TX fee. If they do not include a TX fee then they risk having their inputs tied up in unconfirmed transactions for a long time which makes input management difficult.

It is the choice of the person who is signing the transaction to include a tx fee, and the changetip users do not sign the transaction.

Additionally, under the rules that most pools follow you will effectively not be able to spend a .00001 input without waiting months for the input to get old

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Quote from: inBitweTrust on December 27, 2014, 01:55:43 PM

Quote from: scarsbergholden on December 27, 2014, 01:42:39 PM

He was giving away $1 worth of bitcoin to people (probably via some kind of bot). At current exchange rates that is roughly .003 BTC. At that low enough amounts changetip may not even let them withdraw (I am not sure about their rules for withdrawing)

You can withdraw from changetip whenever you want with a minimum 1k satoshis or 1/3 of a penny (withdrawing less than 4 pennies wouldn't make sense though) and there are absolutely no fees to retip or withdraw (outside of the miners few of 4 pennies for withdrawls only). He was giving away 1-30usd of changetip randomly along with several other people.

FYI.... I can understand why you got so much wrong by looking at your sig....

oh dear...gaw miner is the biggest scam in history.

https://bitcointalksearch.org/topic/stay-away-from-gawminerscom-paycoin-paybase-mineral-scam-875487

inBitweTrust

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Quote from: scarsbergholden on December 27, 2014, 02:58:35 PM

There is really not a lot you can do with that little of bitcoin.

It also would not make any sense for them to allow people to withdraw 10k sats since the TX fee would eat up this entire amount.

P.S. - 10k satoshi is .0001 BTC which is ~3.2 cents Wink

You misread my comment.

It is a 1k not 10k limit and transaction fees are optional with bitcoin if you want to wait.

He was tipping between 1 to 30 dollars . Plenty for people to retip or play around with.

scarsbergholden

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Quote from: inBitweTrust on December 27, 2014, 01:55:43 PM

Quote from: scarsbergholden on December 27, 2014, 01:42:39 PM

He was giving away $1 worth of bitcoin to people (probably via some kind of bot). At current exchange rates that is roughly .003 BTC. At that low enough amounts changetip may not even let them withdraw (I am not sure about their rules for withdrawing)

You can withdraw from changetip whenever you want with a minimum 1k satoshis or 1/3 of a penny (withdrawing less than 4 pennies wouldn't make sense though) and there are absolutely no fees to retip or withdraw (outside of the miners few of 4 pennies for withdrawls only). He was giving away 1-30usd of changetip randomly along with several other people.
-snip-

There is really not a lot you can do with that little of bitcoin.

It also would not make any sense for them to allow people to withdraw 10k sats since the TX fee would eat up this entire amount.

P.S. - 10k satoshi is .0001 BTC which is ~3.2 cents Wink

tins

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Quote from: thejaytiesto on December 27, 2014, 02:15:04 PM

Quote from: newIndia on December 27, 2014, 01:58:22 PM

Quote from: MrGreenHat on December 26, 2014, 08:18:33 PM

https://twitter.com/aantonop/with_replies
#BitcoinBowl

This guy is always different...

Hes great, i always enjoy hear him talk in the Joe Rogan podcast.

If you haven't seen the full committee video where he sat with the Canadian Parliament, check it out.
Andreas is the single greatest person/thing/etc that Bitcoin has going for it.

thejaytiesto

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Quote from: newIndia on December 27, 2014, 01:58:22 PM

Quote from: MrGreenHat on December 26, 2014, 08:18:33 PM

https://twitter.com/aantonop/with_replies
#BitcoinBowl

This guy is always different...

Hes great, i always enjoy hear him talk in the Joe Rogan podcast.

newIndia

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Quote from: MrGreenHat on December 26, 2014, 08:18:33 PM

https://twitter.com/aantonop/with_replies
#BitcoinBowl

This guy is always different...

inBitweTrust

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Quote from: scarsbergholden on December 27, 2014, 01:42:39 PM

He was giving away $1 worth of bitcoin to people (probably via some kind of bot). At current exchange rates that is roughly .003 BTC. At that low enough amounts changetip may not even let them withdraw (I am not sure about their rules for withdrawing)

You can withdraw from changetip whenever you want with a minimum 1k satoshis or 1/3 of a penny (withdrawing less than 4 pennies wouldn't make sense though) and there are absolutely no fees to retip or withdraw (outside of the miners few of 4 pennies for withdrawls only). He was giving away 1-30usd of changetip randomly along with several other people.

FYI.... I can understand why you got so much wrong by looking at your sig.... Wink

scarsbergholden

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He was giving away $1 worth of bitcoin to people (probably via some kind of bot). At current exchange rates that is roughly .003 BTC. At that low enough amounts changetip may not even let them withdraw (I am not sure about their rules for withdrawing)

inBitweTrust

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Andreas in action

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MrGreenHat

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Quote from: inBitweTrust on December 26, 2014, 08:33:15 PM

Great work, but only nonbtc users should collect those tips as it is a way to bring new users in and not enrich the current group.

+1. I have also noticed he seems to be giving more bitcoin to twitter users who seem to be more skeptical of bitcoin...Interesting idea.

inBitweTrust

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Great work, but only nonbtc users should collect those tips as it is a way to bring new users in and not enrich the current group.

jonald_fyookball

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Change tip rules.

note to self: start using changetip.

MrGreenHat

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https://twitter.com/aantonop/with_replies
#BitcoinBowl

Topic: Andreas changetipping at the speed of light on twitter (Read 1142 times)