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 "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. | {{infobox company|image=[[Image:ChangeTip.png|256px]]|name=ChangeTip | ||
|foundation=December 17, 2013 | |||
|industry=[[Tipping]] | |||
|website=https://www.changetip.com | |||
}}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. Tipping has been made possible on GitHub, Google+, Reddit, StockTwits, Tumblr, Twitter and YouTube. | |||
==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, when tipping small amounts of bitcoin became a viral practice on | 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 [[wave of bits|tipping small amounts of bitcoin became a viral practice]] on Reddit and Twitter, causing logarithmic growth in users and tips. This has caused significant use of [[bit (unit)|bits]] as a unit of bitcoin. | ||
==Criticism== | ==Criticism== | ||
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===Terms and Conditions=== | ===Terms and Conditions=== | ||
Tippers and tippees of ChangeTip are required to agree to a long list of terms and conditions.<ref>[https://www.changetip.com/terms ChangeTip Terms and Conditions]</ref> As per these conditions, they must agree to waive their right to a trial by jury. Additionally, they must give up their right to reverse engineer the service. Some people{{who}} find these terms unreasonable, and choose to deny the tips that others may wish to send them via ChangeTip. | |||
Additionally, | |||
==See Also== | ==See Also== | ||
Revision as of 21:40, 9 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. Tipping has been made possible on GitHub, Google+, Reddit, StockTwits, Tumblr, Twitter and 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, causing logarithmic growth in users and tips. This has caused significant use of bits as a unit of bitcoin.
Criticism
Terms and Conditions
Tippers and tippees of ChangeTip are required to agree to a long list of terms and conditions.[2] As per these conditions, they must agree to waive their right to a trial by jury. Additionally, they must give up their right to reverse engineer the service. Some people[who?] find these terms unreasonable, and choose to deny the tips that others may wish to send them via ChangeTip.