ChangeTip

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ChangeTip
ChangeTip.png
IndustryTipping
FoundedDecember 17, 2013
Websitehttps://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

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 exponential 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.

See Also

External Links

References