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Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

tip4commit.com

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Re: Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

#21

Post by slg »

unreal37 wrote: post #15

I assume it's not affiliated with the projects at all. This is an independently-run tip system for open source projects. Cool idea. Key disclaimer though, is that only 95% of donations for tips go to the coders. And if every commit donates 1% of the balance to the commit, that means that the project almost never donates it's full balance. So if this ever really takes off, the original developer of tip4commit will be…

If I am reading it right, the developer of tip4commit will never pay out the full balance since they will only ever pay out 1% of the remaining balance. It almost sounds of this site is just a clever way for their developer to increase their position in bitcoin speculation.

Re: Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

#22

Post by sp332 »

nailer wrote: post #19

Can someone more familiar with $BITC explain how Bitcoins can be portioned? I get that each bitcoin is a unique number - how can 0.4 of a number belong to someone and the other 0.6 of that number belong to someone else?

Bitcoin transactions have a fundamental unit which is much smaller than a whole bitcoin. Actually it's 1/100,000,000 XBT! These tiny units are called satoshis, after the creator of the bitcoin protocol.

Re: Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

#24

Post by GeneralMayhem »

nailer wrote: post #19

Can someone more familiar with $BITC explain how Bitcoins can be portioned? I get that each bitcoin is a unique number - how can 0.4 of a number belong to someone and the other 0.6 of that number belong to someone else?

The same way that you can send someone part of a dollar. The atomic unit of USD isn't the dollar, it's the cent (setting aside some financial instruments). Likewise, the atomic unit of BTC isn't a bitcoin, it's a satoshi (1 * 10^-8 bitcoin).

The unique number that you're thinking of isn't the bitcoin itself, it's the proof that that value was yours to spend.

Re: Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

#25

Post by andrewgjohnson »

I like the idea of prepaying bit coins on bounties [presumably tied to an issue/bug report in GitHub] which is what I thought this was at first. As is seems a bit confusing, are all commits treated equally? I'd be peeved if I donated money then saw it get split up among people who did minor clean up, typo fixes, etc. Flip side, I'd be peeved if I spent a bunch of time on a commit then saw the same money go to someone doing a typo fix level commit.

Don't know if the whole intrinsic/extrinsic motivations factor will make this idea crater in any form but I think tweaking the current model is advisable in any case.

Best of luck.

Re: Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

#26

Post by ernestipark »

nailer wrote: post #19

Can someone more familiar with $BITC explain how Bitcoins can be portioned? I get that each bitcoin is a unique number - how can 0.4 of a number belong to someone and the other 0.6 of that number belong to someone else?

http://bitcoin.stackexchange.com/questions/10897/how-are-par...

Re: Earn $4 in bitcoins for any commit to sferik/t, a command-line Twitter tool

#27

Post by olouv »

Awesome! It looks like a virtuous circle for both open source & the bitcoin network. Really hope this will take off. However, in my opinion, you should definitely switch to mB (mili-bits), and please add retina icons for the readme. I just added one of my projects there (github.com:mgcrea/angular-strap), this will be quite interesting to watch!
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