Twitter enables tipping with Bitcoin, plans to let users authenticate NFTs

Post by CharlesW » Thu, Sep 23, 2021, 7:23 PM UTC

rjknight wrote: post #60

astoor wrote: post #21

Earlier quoted context omitted.

The problem is that HN actually does understand crypto and blockchain. The layperson might believe the myth that NFTs, for example, are "amazing tools with huge potential for monetization of all sorts of digital goods", but most of HN will know the reality - you are "buying" nothing more than a URL in a JSON file (i.e. no legal ownership of anything), almost all artists will lose money (there are over 20M listings on…

> you are "buying" nothing more than a URL in a JSON file (i.e. no legal ownership of anything), This is wrong. I can see why you think it, but it is wrong. The URL in the JSON file is free, as is the artwork that it points to. It's very hard to restrict the copying of digital artworks anyway, so why bother trying to? The person buying the NFT is not "buying a URL". This phrase doesn't even mean anything! What they a…

Post by em3rgent0rdr » Thu, Sep 23, 2021, 7:24 PM UTC

shawn-butler wrote: post #47

blhack wrote: post #4

Absolutely incredible news. Micropayments are one of the paths out of advertiser hell and were one of the original dreams of many crypto nerds and advocates. I still think that twitter is pure mind cancer, but I have to give it to Jack on this. Great move, and something I hope gets repeated to the rest of the web. For those who aren’t very familiar with the crypto space: this uses a bitcoin side chain called lightnin…

Isn't this what Brave tried doing in their browser circa 2016? Doesn't seem like micropayments fit the current consumer mindset the way periodic subscriptions do.

Post by DennisP » Thu, Sep 23, 2021, 7:26 PM UTC

corobo wrote: post #15

seibelj wrote: post #5

Earlier quoted context omitted.

HN will never understand crypto / blockchain. Bitcoin and NFTs are amazing tools with huge potential for monetization of all sorts of digital goods. It has never been a better time to be a digital artist and earn a living. The lack of imagination and "get off my lawn" around here is absurd.

How's the eco status on NFTs these days? I know Bitcoin is still trying to cook the Earth but have they fixed NFTs yet? My only "get off my lawn" take on it Also it all seems to be digitally drawn portrait templates with different accessories on (eg robot heads). I have no idea if they sell but someone's giving Twitter a bunch of money to shove those in my face haha. I'll put that one down to not getting it, I never…

Post by ProfessorLayton » Thu, Sep 23, 2021, 7:30 PM UTC

trident5000 wrote: post #75

Imnimo wrote: post #66

I'm having a very hard time imagining a scenario in which I would feel the need to tip someone for a Tweet. I understand why I might want to pay someone for, say, a Youtube video, or a substack article. But is there really enough value packed into a tweet that I'd want to send someone money for it? Maybe I'm just not imaginative enough. Or maybe the answer is porn.

Might be good for journalism. People get paid for their analysis and being a trusted source. Hopefully revenue drops off when lying or sloppy work occurs.

Post by mettamage » Thu, Sep 23, 2021, 7:33 PM UTC

aqme28 wrote: post #53

JonathanBeuys wrote: post #34

Why does Twitter need to enable anything for users to receive Bitcoin? Couldn't the users just pin a tweet to the top of their profile "Hey, if you want to tip us, here is our Bitcoin address: ..."? And for receiving Bitcoin via the Lighnight Network, I would expect it is similar?

A lot of business is just taking something that is possible and making it accessible. See: the famous Dropbox detractor comment on hacker news.