Future of Tips + Tips have no fee

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WHAT HAS CHANGED?

Previously tips had a 1% fee (the money did not go to us)
Now tips no longer have a fee

WHY WAS THERE A FEE?

No one really complained about the tip having a fee but the reason for the fee was to avoid abuse and we don't think the abuse is likely to happen and if it happens we've decided there are other things we can do anyway.

So instead of a fee the API can stop tracking data for the user that abuses the system. Meaning no one would be stopping them from sending tips to their own accounts but they wouldn't be shown on PeakD because the API wouldn't be bothered.

Right now there has been zero abuse... but there will be lots more reasons for tipping in the future.

WHY IS IT IMPORTANT THAT THERE ISN'T A FEE?

  • Because we are promoting tipping a lot more to new users.

  • We are going to do more features related to tipping.

  • Also we want to differentiate tipping from Reward-Pools like the Hive-Reward-Pool and let users know that tipping is 100% between 2 users and that no one can interfere with or stop a transaction like tipping.
    (Reward pools take into account every single member of the community, including their downvotes, but someone focused on promoting tips will realize it's only about those individuals who like what you do enough to send a tip.)

  • Tips are a big, and successful, part of other platforms like twitch and youtube live, PeakD would like to differentiate our tips by showing how the user gets 100% of a tip.

  • Also we allow a few hive-engine tokens like swap.btc swap.ltc and swap.doge. Hive-engine already charges 1% fee to convert to the token so it's nice to not have a second fee in there.

WHAT IS NEXT FOR TIPS?

We are in the brainstorm phase with @cardboard (who runs the api for tips)
We would love your input here and we will see what makes sense and is technologically feasible

We have considered:

  • A feed of posts that have received the highest tips
  • A list of users that have tipped your account the most
  • Those who have tipped posts inside your community the most
  • Perhaps integrate badges or even auto badges for tippers
  • Allowing communities to determine a unique hive-engine tipping token
  • Changing the tip icon... perhaps to simple say "TIP"
  • Setting a default tipping amount
  • Allowing creators to indicate how they may reward a user that tips them
  • Getting other front ends to support tipping (it's very easy to do)

One big thing we can do with tips is to simply work with some large business minded content creators who have already used and had success with tips on other platforms. 1. We can ask and see what we can do to improve their experience on PeakD 2. For our users to see an example of what a creator should do to educate and motivate users to tip.

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