Tipping bots gain favor thanks to Bitcoin Cash

Tipping bots gain favor thanks to Bitcoin Cash

The introduction of cryptocurrency brought with it the ability to provide micropayments, or tips, in virtually any scenario. However, in the beginning SegWit-Coin BTC (also referred to as Bitcoin Legacy or Core) was almost the exclusive source of the tips. When SegWit-Coin BTC’s transaction fees shot up through the roof, digital tipping went the way of the dodo bird. Fortunately, Bitcoin Cash (BCH) has helped resurrect the practice, with several very useful tools being introduced to the community.

ChangeTip was one of the first micropayment applications introduced. It was founded in 2014 but two years later was forced to close up shop after 350,000 tips, most likely because of the high prices associated with SegWit-Coin BTC. It would never make a comeback.

The BCH community has been working diligently to create micropayment options. Tippr was created in August to give Reddit users a tipping option. It now works on both Reddit and Twitter, and the company hopes to expand to other social media platforms in the near future. While it currently only works with BCH, Tippr representatives have said that they could add support for other currencies down the road.

Using Tippr on either Reddit or Twitter is easy. For Reddit users want to send a monetary thank you gift to another user, it can be done by entering the amount followed by “/u/tippr.” In other words, if someone wants to send $0.50, the command would read “$0.50 u/tippr” without the quotes.

For Twitter, the process is almost the same. Instead of using the hashmarks, however, the command is “$0.50 @tipprbot,” again without the quotes. Both versions assume U.S. dollars, unless a different currency is specified after the amount to be sent.

Since its inception in 2017, Tippr has already facilitated around $85,260 in tips. There have been a total of 11,810 users and 25,576 transactions. The digital world’s biggest tipper has been “asicshack,” who has apparently sent a little more than $7,582 to different users. The biggest recipient has been “rawb0t,” who has received $4,284 from 154 tips—that’s an average of almost $28 per tip.

Tippr isn’t the only platform available. TipmeBCH is available on Telegram, the world’s preferred social media platform for discussing anything cryptocurrency. The code for the bot is available on Github, giving complete transparency to how it works. It was introduced just a short two months ago, and has garnered a tremendous positive response.

The sky’s the limit. If micropayments can be made on a few social media sites, why can’t they be used for tipping the pizza man, the hotel bellboy or the masseuse?  Regardless of what the opponents want to believe, cryptocurrency is here. It’s here to stay and will quickly become integrated in a number of aspects of normal activities.

Note: Tokens in the SegWit chain are referred to as SegWit-Coin BTC (inaccurately called Bitcoin Legacy or Core by many) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
Bitcoin Cash gains support for its ecosystem

Bitcoin Cash gains support for its ecosystem

Bitcoin Cash (BCH) came to be well after the birth of Bitcoin, about nine years after. However, the BCH blockchain is already 8,037 blocks ahead of the number one coin. The chain operates at just 11.8% of the difficulty associated with BTC, and is 4.8% more profitable in mining operations. At only six months old, BCH’s value has grown at a rapid rate, and is currently worth $1,292, at the time of writing. Things don’t appear to be slowing down for Bitcoin Cash, and the digital coin can thank various sources for its growth.

This week, BCH has gotten some infrastructure help from several directions. India’s Unocoin exchange has launched a multiple crypto asset exchange using BCH. Bread, a popular cryptocurrency wallet, has announced that it will soon add full support for the cryptocurrency. Communications medium Telegram introduced the beta version of a BCH tipping bot, tipmebch. The platform allows users on Telegram to tip BCH to other users through the app. It is currently only in an experimental phase, and needs more tweaking and development before it can be launched mainstream.

Paybis will soon allow the purchase of BCH through debit or credit cards. Daily limits of $20,000 and monthly limits of $50,000 will be available. Once the green light is given, users will be able to instantaneously receive payouts through the platform. Paybis currently supports BTC and Litecoin, and is available in the U.S., Asia, Europe, South America and Africa. Lastly, BitPay is reported to be close to implementing BCH invoices, opening the doors to a growing number of merchants and services that currently accept payments by cryptocurrency.

As BCH continues its rebound, more infrastructure will be added. To help keep the momentum going and to explore future developments, two conferences will be held this spring that focus on the BCH ecosystem. One is hosted by CoinGeek, and the other by Bitcoin Unlimited.

Bitcoin Cash dipped to $760 on February 6, before recovering during a cryptocurrency-wide rally just a few days ago. The coin’s path to resistance has swung upward, indicating the possibility of the cryptocurrency regaining its previous high of $1,650. Optimism is high and it could be possible to see the coin reach over the $2,000 mark within the next couple of months.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.
tipmebch: A Bitcoin Cash tipping bot for Telegram app

tipmebch: A Bitcoin Cash tipping bot for Telegram app

Tipprbot is cool. It works well. It allows people to give tips to people whose words and thoughts they might find meaningful, agreeable, or, at the very least, arguable. Bitcoin Cash smooths out the process of sending and receiving tips from user to user. The bot’s hosted code does the rest.

Now, not everyone willing to support and donate great content with Bitcoin Cash is on Twitter or Reddit. Some dwell at the instant-messaging platform called Telegram. How to send and receive tips from there then? r/BitcoinArtist’s tipmebch bot does just that.

Telegram is a messaging platform that offers one of the best encryption algorithms in the instant messaging (IM) space. While other proprietary communications platforms rely on a core branded platform—Messenger for Facebook, Hangouts for Google—to identify with, Telegram offers a unique, singular experience.

The platform has all the standard features of a messaging app, and currently supports authentication methods across multiple devices. It can also send files like .doc, .zip, .mp3 and many others. Perhaps the most interesting feature of Telegram is the ability to create ‘channels’ or groups with up to 100,000 people subscribed to a lead user, which is oftentimes an organization or business sending out regular updates.

Because of its public availability and wide reach, Telegram’s open platform became popular with discussion groups in the cryptocurrency community. Recently, Telegram also announced its attempt at leveraging blockchain technology through its own cryptocurrency called TON, one that is embedded into its existing system.

Pardon the digression. Now let’s get back to tipmebch, an inline bot developed for transferring Bitcoin Cash through Telegram. It’s a simple implementation of Telegram’s open development for bots, and works through an integration made by the author. Telegram users may send commands to the bot or invite it into their groups.

Below are a few screenshots of the Telegram bot in action:

tipmebch: A Bitcoin Cash tipping bot for Telegram app

tipmebch: A Bitcoin Cash tipping bot for Telegram app

tipmebch: A Bitcoin Cash tipping bot for Telegram app

tipmebch: A Bitcoin Cash tipping bot for Telegram app

Here, it indicates the commands currently available for the bot to respond to. Bitcoin Cash users must be wary though, as the bot itself says in its introduction that it is “not a wallet,” hence “Your funds will be lost if there are bugs.” The bot is currently at version v1.0.0 and is maintained by Andreas Brekken, a cryptocurrency developer who has been working since 2011. The bot’s feature branch on Github may be viewed here.

Note: Tokens in the SegWit chain are referred to as SegWit1X (BTC) and SegWit Gold (SWG) and are no longer Bitcoin. Bitcoin Cash (BCH) is the only true  Bitcoin as intended by the original Satoshi white paper.  Bitcoin BCH is the only public block chain that offers safe and cheap microtransactions.