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A comment on Twitter enables tipping with Bitcoin, plans to let users authenticate NFTs. Parent comment

Re:Twitter enables tipping with Bitcoin, plans to let users ... by arcticbull on Thursday September 23, 2021 @05:58PM (#28636107)
Micropayments are something we’ve had available to us forever, there’s no reason a custodial wallet like PayPal can’t offer them - or couldn't have offered them at any point in the last two decades. People don’t want them. And they certainly don’t want them at up to $60 a pop haha. Or over LN which still requires an on chain transaction to open a channel.

Nick Szabo has a great write up that outlines my thoughts exactly [1]

[1] https://nakamotoinstitute.org/static/docs/micropayments-and-...

[ Parent | on HN ]
Re:Twitter enables tipping with Bitcoin, plans to let users ... by thinkmassive on Thursday September 23, 2021 @06:44PM (#28636518)
Nobody used micropayments when they were a hassle. Today there are already Lightning-based apps breaking down that barrier, live in production using mainnet BTC.

Spinx[0] and Zion[1] are chat apps that offer room hosts the option to set a fee for joining and/or sending messages to a channel, for the purpose of spam reduction. Another cool feature already live in the app is pay-per-minute streaming of podcasts and videos.

[0]: https://sphinx.chat/ [1]: https://www.getzion.com/

[ Parent | on HN ]
Re:Twitter enables tipping with Bitcoin, plans to let users ... by maccolgan on Thursday September 23, 2021 @06:13PM (#28636263)
The reason that people typically don't accept tips in anything but crypto is that it would eliminate the pseudonymity that crypto would offer...
[ Parent | on HN ]
Re:Twitter enables tipping with Bitcoin, plans to let users ... by cwkoss on Thursday September 23, 2021 @06:31PM (#28636415)
Also accepting tips via CC exposes you to chargebacks, were people can actually financially damage you (ex. they donate and chargeback, they get their money back, you get nothing + a ~$20 chargeback fee)
[ Parent | on HN ]
Re:Twitter enables tipping with Bitcoin, plans to let users ... by panarky on Saturday September 25, 2021 @11:53AM (#28654065)
Also credit cards are an extraordinarily expensive way to send fifty cents.

Stripe charges 2.9% plus 30 cents per successful transaction.

So your fee on a fifty cent micropayment would be 63%.

The lightning network would be free or perhaps one sat, which would be 0.08% of a fifty cent transaction.

[ Parent | on HN ]