ChangeTip: Difference between revisions
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ChangeTip integrates payment processing with social media and the web at large to transform the idea of a | ChangeTip integrates payment processing with social media and the web at large to transform the idea of a "share" into a method of financial appreciation, redefining the way people think about purchasing goods and services. Instead of broadcasting a tip as a bitcoin transaction, a separate ledger is kept by ChangeTip, only pushing on-chain transactions when a user withdraws funds from the service. | ||
==Features== | ==Features== | ||
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==History== | ==History== | ||
ChangeTip was founded on December 17th, 2013.<ref>[http://www.crunchbase.com/organization/changetip ChangeTip Crunchbase Page]</ref> It gained significant notoriety in November 2014. | ChangeTip was founded on December 17th, 2013.<ref>[http://www.crunchbase.com/organization/changetip ChangeTip Crunchbase Page]</ref> It gained significant notoriety in November 2014, when tipping small amounts of bitcoin became a viral practice on reddit and Twitter. | ||
==Criticism== | ==Criticism== | ||
Revision as of 16:06, 8 November 2014
ChangeTip integrates payment processing with social media and the web at large to transform the idea of a "share" into a method of financial appreciation, redefining the way people think about purchasing goods and services. Instead of broadcasting a tip as a bitcoin transaction, a separate ledger is kept by ChangeTip, only pushing on-chain transactions when a user withdraws funds from the service.
Features
Tip on the following platforms:
- GitHub
- Google+
- StockTwits
- Tumblr
- YouTube
History
ChangeTip was founded on December 17th, 2013.[1] It gained significant notoriety in November 2014, when tipping small amounts of bitcoin became a viral practice on reddit and Twitter.
Criticism
Terms and Conditions
To use ChangeTip, including to receive a tip someone else has sent to you, you are required to agree to a long list of terms and conditions[2]. Among these conditions, you must agree to surrender your constitutional (at least in the USA) right to a trial by jury. Additionally, you must give up your right to reverse engineer their service. Many people find these terms unreasonable, and are as a result denied the tips that others may wish to send them via ChangeTip.