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Bitcoin Social Networks The Internet Twitter

Twitter For iOS Beta Lays Groundwork For Bitcoin Tips (macrumors.com) 29

Posted by BeauHD from the what-to-expect dept.
Twitter's latest beta update introduces support for providing content creators with Bitcoin tips using the "Tip Jar" feature that Twitter introduced earlier this year. MacRumors reports: Bitcoin isn't yet available to select as a tip option for beta users, but code in the beta suggests that Twitter is in the process of rolling it out. When the Tip Jar was first introduced, Twitter allowed users to add Bandcamp, Cash App, Patreon, PayPal and Venmo links to their Twitter profile, but soon, there will be a Bitcoin option.

Details in the latest Twitter beta indicate that users will be directed through a Bitcoin tutorial that includes details on the Bitcoin Lightning Network and custodial and non-custodial Bitcoin wallets. Twitter gives Strike, Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Muun, Breez, Phoenix and Zap as examples of non-custodial wallets. Twitter also informs users that a Strike account is required. "We use Strike to generate Bitcoin Lightning invoices so you'll need to connect your account to accept Bitcoin tips" reads the text.
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Twitter For iOS Beta Lays Groundwork For Bitcoin Tips More

Twitter For iOS Beta Lays Groundwork For Bitcoin Tips

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  • In the same story? Well heads will certainly asplode in the comments. Two things that slashdot couldn’t hate more!

  • I realize it won't be an actual blockchain transaction, but imagine how expensive that would be.

    • imagine how expensive that would be.

      The hint was in the summary - potentially not very expensive at all [medium.com].

      In reality - I'm not sure how effective lightning is yet. But it seems to be rolling out pretty fast.

      • So it's not really a bitcoin tip. It's like a bitcoin brokerage trade. This is getting all kinds of messed up.

        At least by now everyone realizes at least bitcoin itself is unusable as a currency.

        • At least by now everyone realizes at least bitcoin itself is unusable as a currency.

          It's not unusable with this layer on top of it though, that's the thing. Suddenly it becomes very usable. Or it seems to, I don't know if it's been in practice long enough to say it fully works.

          I don't even have any Bitcoin currently, so I get no reward by pushing it (in fact I rather wish it would go back down again for a while) but I think Lightning seems to add a lot of viability to BTC when it was looking more question

          • Re: (Score:1)

            by Anonymous Coward

            Suddenly it becomes very usable.

            And it took only, what, 12 fucking years? And yet all the fucking bitcoin bros [urbandictionary.com] complain about how slow ETH is to evolve??

          • Don't tell me you drank the LN Kool-Aid?

            • I did, but it was a huge mistake. My tongue froze and shattered before I could taste the Kool-Aid.

            • Don't tell me you drank the LN Kool-Aid?

              Not only have I not drank the Kool-Aid, I am unfamiliar with the LN brand you speak of. :-)

              You'll note that my response was couched in a lot of conditionals, and even past that I don't have any Bitcoin myself (I do have some ETH so I am not without sin).

              It's just that from reading I have done about how it works, and people starting to actually use it, that it seems like it may work out...

              • You may need to do some more reading on the subject. Payment channels are expensive to open, and there is potential for abuse of the system by bad actors locking up payment channels in perpetuity. But don't take my word for it:

                https://www.coindesk.com/tech/... [coindesk.com]

  • They should use Dogecoin for the tiny transaction fees.

    • Was gonna say the same thing. DOGE in its infancy was all about giving tips to people. It was worthless and plentiful, so you could give it to anyone you liked as a joke if they had a wallet address.

  • Another half-day, another pointless cryptocurrency story. The Slashvertisements [slashdot.org] never stop!

  • People who think in 140 character tweets are probably posting shallow crap in an attempt to impress others. This is not deserving of tips!

  • I love it how they're still trying to sell this stuff as Bitcoin. LN is a separate network. It has nothing to do with Bitcoin in particular. Also, it doesn't actually work and never will

    • I love it how they're still trying to sell this stuff as Bitcoin. LN is a separate network. It has nothing to do with Bitcoin in particular. Also, it doesn't actually work and never will

      The lightning network is a layer 2 network on top of a layer 1 network (e.g. the Bitcoin network). You're right, the Lightning network is not the same thing as the Bitcoin network, but when you send money on the Lightning network you're sending Bitcoin. Lightning could work as a layer 2 on top of other blockchains that have a base level of supported features, but it's really misleading to say that LN has "nothing to do with Bitcoin in particular." It was born specifically as a solution to do Bitcoin transac

  • Well, probably not much profit, more like slightly offsetting the loss, but here's the idea: Someone tweets something popular that others may decide to tip them for. They "sell" the tweet as an NFT to someone with extra cash and no sense of risk aversion. That new owner then receives the tips.

    It's not far enough off from publishing a book of collected quotations to be completely ridiculous, just semi-ridiculous. I'm not saying that it would work as a profit-making enterprise, but I have little doubt

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