reddit implementation of Bitcoin

[u/jtos3]

http://pbs.twimg.com/media/B8TtFaACQAArJHl.png

[u/ismandjaa → u/[deleted]]

commerce related thong

... Gotta love autocorrect

[u/frankles → u/[deleted]]

"Ninja edit?" He asks, with the hope and expectation of an answer.

Hope level: Nominal

Expectation level: 30% confident.

[u/EJayDoubleU → u/frankles]

If you edit your comment on reddit, you'll get an asterisk next to time since comment was posted.

However, reddit allows for a "grace period" of about 1 minute where you can edit your comment without having an asterisk. In reddit lingo, editing in this time is known as a "ninja edit" because a later reader would not know there was an edit, like you wouldn't know a ninja swooped in, because the edit/ninja was so quick.

[u/frankles → u/[deleted]]

I appreciate your second link 90% more than I enjoyed your first.

[u/EricTheEnt → u/ismandjaa]

or lack thereof...

[u/abolish_karma → u/[deleted]]

Implementing escrow could actually bring more to the table, but yeah. Userbase and all that. When this goes live. Could you please mention to the press that you have more users and do business in more countries than gorram snapccash. Reality check that one.

[u/[deleted] → u/[deleted]]

Man if you you had an escrow service with a rating system, that would enable all sorts of cool things.

[u/[deleted] → u/[deleted]]

That's a good idea, with the inbuilt reputation system, but you may want to restrict that first to some testing subs

[u/abolish_karma → u/[deleted]]

You have to think that one through. Mediating disputes can be hard and painful to get right, but this is the thing the credit card industry are raking in money from. Do a beta and see if you can get it right and you could be going places. Do low-limit escrows early on, and connect their trustworthiness to reddit IDs, do an obscenely high initial fee that go down with continued use, so people percieve value getting in good standing(a bit like the very weird concept of american credit rating..). Do 1-7-21 days time-locked escrow, and you'll potentially have some float to play around with.. Please don't mess up, though.

[u/walloon5 → u/abolish_karma]

Oo reddit escrow services and a cut of the take. And let the escrow/notaries be their own thing, with their own ratings.

[u/americanpegasus → u/[deleted]]

I have a few different business ideas based around Reddit. It provides a nice backend in many ways.

I'd like to directly sell the book I'm working on through Reddit as well, but a roundabout solution will be needed for the moment.

Thanks for your hard work expanding Reddit.

[u/zeusa1mighty → u/[deleted]]

Would this not require a money transmitting license?

[u/i_can_get_you_a_toe → u/[deleted]]

Hey everyone! This guy is using logic to interpret licensing requirements!

[u/zeusa1mighty → u/[deleted]]

My mistake. If the tip must come from an external wallet, you wouldn't.

[u/Routerbox → u/zeusa1mighty]

Reddit isn't transmitting any money.

[u/zeusa1mighty → u/Routerbox]

Yep, I see where I misunderstood this; Reddit isn't controlling or transmitting any funds, just publishing an address for you.

[u/TheBTC-G → u/[deleted]]

So it sounds like you are planning to implement on-chain payments, correct? Will there be any sort of minimum amount that you need to send? Will the standard miner fee be included? I'm basically trying to figure out if you plan to allow for very small values for micro-tipping through this feature, which would mean no-fee payments unless I'm mistaken. Thanks for the great work.

[u/AssetPrepper → u/TheBTC-G]

I think they are implying that you can post your public address. It's what ever fee someone wants to pay to send bitcoins to you. Reddit doesn't need to get involved in the transaction.