Over the last several months there has been an accumulating amount of complaints against ChangeTip, the service that allows people to send bitcoin through social media. The criticisms are usually aimed at the cringeworthy self-promoting tone of many of the tips, the requirement to link a social media account in order to sign-up, and the financial viability or lack of revenue streams of the company.
The last of these is not a great concern to us. It’s unfair to judge the revenue of an infant company in an infant industry this early. If all the ifs of bitcoin toggle true and ChangeTip is flexible enough to evolve with it, then the company is in good position to become profitable, however it must deal with the very valid complaints being lodged.
In December Hacking, Distrubuted posted a piercing condemnation on ChangeTip, pointing to a number of annoying ways that people use the service. Here’s a snippet:
“ChangeTip somehow tapped into the Bitcoin community, which paradoxically saw in it an opportunity to expose the masses to their decentralized currency. People would see the tipping and go “whoa, what just happened there?”, which, in turn, would draw more people into Bitcoin. Never mind the fact that the person saying “whoa” was often an accomplice, kind of like those terrible radio ads where a woman asks purposefully dumb questions and a man man’splains an awesome new deal down by the mall.”
Hacking, Distributed also criticized ChangeTip’s requirement of linking social media accounts, causing a Coindesk rebuttal piece, in which ChangeTip CEO says:
Hacking, Distributed shot back with a Tips for ChangeTip article.
There are well-intentioned users of ChangeTip, just like there are people who use guns for subsistence hunting. One might say that it’s not ChangeTip that pollutes comment sections, it’s dumb people using ChangeTip that does. Maybe.
ChangeTip is a favorite target for BTC-hater subbreddit Buttcoin. Today a poster went into greater detail on the bots employed toward promoting ChangeTip. Take from it what you will as Buttcoin has a reputation for fabrication. Regardless of the veracity of the post’s evidence, the spirit of it rings true – ChangeTip often feels spammy.
But that could be said for a good portion of the bitcoin community’s rhetoric. ChangeTip just happens to be the perfect platform for these people to mouth off. ChangeTippers need to move beyond the Mormon missionary model of boosterism or they risk undermining their own cause.