Topic: R.I.P. ChangeTip (Read 1815 times)

I'm pretty sad about this, I really liked the service and have both sent and received tips through it.
But I have seen that it's just not used that often anymore, a year ago or so you would see people giving out tips on occasion, but now I don't see any of that anymore.

The idea came and went, it was awesome at first, people finally thought we had the killer bitcoin app.  In the end it seemed it was more bitcoiner mass adoption than new blood mass adoption.  A universal tipping bot is needed though always.

Maybe somebody already wants it and they were just waiting for it to die so they could take over.  :p Life in the city!

The thing is you seem to rarely know what you're talking about, you post your brainfarts at random and when you're called on that, you'd just beat around the bush and try to somehow justify it, or go with "that's not what I meant" or "(I posted complete nonsense) because I couldn't find a better term".

Your utterly curious how people bidding with fees on the limited block space are causing increase in fees? If that's not self-explanatory to you, I can't do nothing for you.


You don't? Than what's this?:


Flexible or 'remain the same'? Which one is it?



In case you failed to notice, for a good couple of years we had a 'default' fee of 0.0001 for the first 1000 bytes. Yes, if it wasn't manually adjusted, it would rise/fall (in USD terms) according to the price, but since it was always a trivial amount of few cents, rarely anyone cared. That's in no way an indication that people would be happy to pay significantly higher fees, just because it's 'default'. They'd either change it manually or use different wallet (with lower 'default').
Now things changed and most wallets would use flexible fees. As I already pointed out to you, you can find examples of standard fees (in USD) being lower when BTC was in $1,000 zone, then they are now when BTC is in $700. Similary, in the 'off-peak' (with BTC at $700) you could pay lower fee, then when BTC was at $500 or $600.
But that's irrelevant anyway, let's circle back to your original claim, from which you're trying to escape:


Can you provide short, on-topic explanation of what will prevent free market from keeping fees affordable? The only sensible answer you can give, to sound somewhat coherent, is that full blocks will enforce higher fees, but (according to yourself) that's not what you're talking about.
And if "fees are now higher than when BTC was at $200, therefore they'll always rise with the price" is all you got, then don't bother - I'm not interested in 'artificial discussion' with the main goal being that of increasing your post count.

Such a shame Changetip is closing, let's hope the opensource the code and it can continue!

I'm not talking about the current increase in fees due to the recent congestion. But I'm still utterly curious where you got this idea from (that I meant this rise in fees)


But I don't deny that. If you've been following my posts (just in case, many are, lol), I've been saying basically the same, in respect to future sky-high prices, obviously. Though this still in no way undermines the simple math that says that when Bitcoin cost 100 dollars (or 200 dollars) the fees in fiat terms were substantially less than they are now when Bitcoin costs 700 dollars, even if we don't take into account the transaction jam as of late. I don't really see any sense in challenging this point. In fact, I'm more inclined to think that you're not actually looking for an argument...

You just pop up, say something irrelevant, then go away

I missed nothing. You've missed a point.

First of all, current increase in fees is due to the block congestion, not increase in price. Fees now are higher than they were when BTC was at $1000 (in USD terms).

What I mean is:

Let's assume average fee being 10,000 sats ($0.07), if BTC price increased 1000-fold, do you honestly expect anyone to be happy to pay $70/tx? Of course not, number of txs would massively drop, leaving lots of room in the blocks, then you could send your tx again with $0.07 fee (this time being only 10 sats) and the miners would likely include it (providing they want to maximise their revenue).

Edit: shortly saying: fees in btc terms are not fixed, they're flexible.

A business founded on bitcoin tipping doesn't really seem viable at this point in time. Maybe when bitcoin takes off worldwide on a much larger scale could it be viable. There's just not enough demand for this type of service at the moment since bitcoin still isn't adopted by the masses yet.

You obviously missed that part about "fiat terms". You may set no fee to your transaction, and it may get confirmed in the end (though this is not likely to happen at the next block). I mean if Bitcoin price increases, so do the fees in fiat terms, while they obviously remain the same in bitcoins. This is what we see today, and some people are already complaining about microtransactions no longer feasible exactly because of the fees being too high. Whether the fees will go down if Bitcoin price continues to rise remains to be seen, though...

But so far the fees are what they were when Bitcoin was at $200

What do you mean? There's no minimum, set-in-stone bitcoin tx fee (well, you could say 1 satoshi is the minimum). If BTC price goes up to $1m/1btc overnight the free market (after some time) would bring the fees to the lower level.

There's no strict correlation between fees/btc price. You could have btc price at only $100 and still have high fees, if there's high transaction demand and blocks are full.

I never knew they expanded that much. It's a shame to see them go out of business. Maybe someone else will take the place.

You can't eat your cake and have it

At least, not in the form and state which you would like to eat it again, so to speak. In fact, this had to be expected. You can't raise the Bitcoin price without raising the fees at the same time and in the same fiat terms (say, dollars). If Bitcoin continues to climb the price mountain (what we all hope for), we will see a lot of other applications falling off dead till the time when even regular payments become too expensive to be made directly in bitcoins themselves

people were using the tipping part specially in places like Twitch a lot and i have seen it be used on reddit too and i don't think people using or not using the platform for tipping has anything with them shutting down because it was free to tip and also free to withdraw. there must be some other reasons behind it.

ChangeTip made provision for tipping on multiple platforms, not just on Reddit. They had plugins for Facebook, Github, Google+, Stack, SoundCloud, Tumblr, Twitch and Twitter. So you had a wide variety of choices where to tip. I think, people just got greedy. The Bitcoin price increased over a long time, and people started to hoard bitcoins more than usual. They did not want to spend it, because it got more valuable over time. 

Tipping is also not a custom all over the world.

I never knew ChangeTip was a company. It's sad to see it go. I think the reddit community really liked it. 

Is this the same as tipjar?

You tell me. Does bitcache and LN allow you to send tip to twitter account, or tip reddit post? Will they allow you to tip someone who doesn’t even know what Bitcoin is?

ChangeTip failed because they were spending more than earning. It's that simple.

Only heard this news the other day, is it because they know that the writing is finally on the wall with Bitcache and LN on the horizon ?

All microtransaction applications are dead.  The new bitcoin 'swipe fees' of $.20 are murder on most applications that are not settlement applications.  Blockstream wants Bitcoin as a settlement only scheme.  This way, they can charge you to use their "Lightning Bullshit"

Blockstream business model:
Step 1: cripple network
Step 2: sell the people a fix.

I have to disagree with that

Once upon a time, namely, just a few weeks after my registration on the forum, some forum member had tipped me for explaining to him in simple language why deflation (i.e. appreciation of money) is worse for the economy than mild inflation in the long term. It was dust of course (something like 1 mBTC or even less than that), but it was exactly that and it was exactly me!