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

  1. ChangeTip Crunchbase Page
  2. ChangeTip Terms and Conditions