How Dogetipbot Turned a Spoof Altcoin into a Tipping Phenomenon
Bitcoin might not be considered a currency in some circles and, right now, government agencies are starting to look at it as more of a speculative asset. Although BTC is highly divisible, it has yet to take off as a method of microtransactional payments - a fact not helped by bitcoin's potential to skyrocket in price due to hoarding by speculators. Dogecoin, however, has emerged as a favorite microtransaction method on reddit. In fact, most people get their first dogecoin via tipping on the community-oriented site. And that's all because of Dogetipbot. How it works. Dogetipbot interfaces....
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The team behind dogetipbot, the popular tipping tool for the alternative digital currency dogecoin, has raised nearly $500,000 in a seed funding round. The fundraising was led by Blackbird Ventures, a venture capital group based in Sydney, Australia. Additional investors, including angel investors Scott and Cyan Banister, also took part in the round. In total, $445,000 in new capital was raised for the project. Dogetipbot enables microtipping, allowing users of its service to pledge dogecoin tips that can then be redeemed for the currency. Users can tap dogetipbot when pledging money on....
Dogecoin's humble origins would be all for nothing if it weren't for one innovation early-on that changed everything; the dogetipbot. In the booming Dogecoin subreddit, there was a call for a way to send dogecoins through the platform, similar to the ChangeTip service that Bitcoin utilizes. Finding the motivation to bring a similar service to their fellow Dogecoin users, Josh Mohland and David Dvorak took up the calling and created the dogetipbot. At first, it was a bumpy trip. So many dogecoins were being sent from person to person that the bot couldn't keep up. Foregoing many hours of....
The creator of micropayments startup dogetipbot has announced he will open-source the payments tool, just over one year after raising $445,000 from Blackbird Ventures. In a post on his Facebook page obtained by CoinDesk, dogetipbot's Josh Mohland announced he will return the project to the bitcoin and dogecoin cryptocurrency communities, though the tone of his messages was at some times pointed when addressing its members. Mohland wrote: "I'll be open-sourcing dogetipbot and giving a friendly 'peace out' to cryptocurrency in general. Friendly is a nice way to put it, I think." Founded in....
Wearable technology startup MEVU has announced the first wearable bitcoin wallet that tracks movement in order to make payments. Users of MEVU's proof-of-concept bracelet - which is powered by Coinbase's wallet API - will easily be able to send bitcoin with just a flick of the wrist. Apurv Mishra, CEO and co-founder of MEVU, said that the use case for the company's wearable wallet is for small transactions such as tipping, whether in BTC, altcoins or perhaps even something else: "If we use bitcoin or any other currency, if it has the facility for tipping, I think that's what people would....
Months after its core development team was acqui-hired by accommodations startup Airbnb, bitcoin tipping service ChangeTip is closing its doors. Nick Sullivan took to Reddit today to announce the closure. He said that the tipping service will be officially turned off at the end of November, though its website will remain open “for a number of months” in order to allow for user withdrawals. The closure comes less than two years after the startup, once a popular tool for sending bitcoin tips via social media, raised $3.5m in a seed funding round. ChangeTip sought to bring bitcoin tipping to....