A Social Network That Costs 10¢ to Post

Re:A Social Network That Costs 10¢ to Post by heroprotagonist on Thursday September 14, 2017 @10:43PM (#15254176)

I was intrigued, until I read that the payment system is in bitcoin cash. I've really lost interest in cryptocurrency over the past couple of years. I don't want to jump through the requisite hoops to manage another digital wallet just for the sake of engaging on an obscure platform that launched its beta 3 weeks ago.

I have nothing against the site, it's an interesting concept. But having to read about whatever recent bitcoin drama is going on to understand its hard forks and implications (BCC is a hard fork, right?), setup and manage a new wallet, take appropriate security precautions, etc, just to manage my site balance is a lot more burdensome than asking for ten cents to comment.

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Re:A Social Network That Costs 10¢ to Post by mrb on Thursday September 14, 2017 @10:52PM (#15254204)

Easiest solution: send BTC to https://shapeshift.io which they will convert to BCC and deposit it directly to whatever address needs to receive BCC. Shapeshift's main feature is to convert between cryptos with the minimum amount of hassle.

Edit: nevermind, I didn't know yours.org had shapeshift integrated.

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Re:A Social Network That Costs 10¢ to Post by sl4i6j3o4i98g on Friday September 15, 2017 @12:10AM (#15254568)

Of course, Ryan wouldn't want to miss out on Eric's affiliate fees from SS.

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Re:A Social Network That Costs 10¢ to Post by yafujifide on Thursday September 14, 2017 @10:51PM (#15254198)

Don't worry about it - you can already cash in with any cryptocurrency using our Shapeshift integration. And soon we will have credit card onboarding so you don't have to worry about acquiring crypto at all :)

Note that our app has a built-in Bitcoin Cash wallet, but it works well enough that you don't necessarily realize you are using crypto :)

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Re:A Social Network That Costs 10¢ to Post by aaron-lebo on Thursday September 14, 2017 @10:54PM (#15254213)

How does credit card onboarding work? If someone buys content (not sure how this works) and then cashes out in Bitcoin, are you not a bank? Do you mind saying what regulatory hoops you've had to go through for this?

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Re:A Social Network That Costs 10¢ to Post by yafujifide on Thursday September 14, 2017 @11:01PM (#15254252)

Ideally we will partner with Coinbase. They already have a credit card widget for Bitcoin and Litecoin. Tell them they need to add support for Bitcoin Cash :)

If not Coinbase there are a number of other providers we can use. For global adoption, we will ultimately partner with many third parties simultaneously for this service.

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Re:A Social Network That Costs 10¢ to Post by sayurichick on Thursday September 14, 2017 @10:54PM (#15254214)

you don't NEED to manage a new wallet.

you could create an account, post content, get paid, and technically pay for things by "cashing out" of "yours" to the receiving address for the thing you're trying to buy.

of course, there'll be a point where you DO want to load your account to be able to view content. That's likely in the long term when there are more users and higher quality content.

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