It might be just me, but a tip below 2 USD is ether an insult (in real world) or an advertising for the tipping service (I crypto)...not a real tip.
Yes it's definitely just you The social media tipping and donating space is well established and the average and definitely the median are much lower than that. (The median is as low as 3 cents, but obviously that's offchain.)
http://www.coindesk.com/social-tipping-tool-meme-dogecoin-445k/
The team behind dogetipbot, the popular tipping tool for the alternative digital currency dogecoin, has raised nearly $500,000 in a seed funding round.
“One of the things we’re really looking at is the user experience," Mohland said. "A lot of our traction initially was on Reddit, but we’re seeing a lot of demand on Twitter. So, what we’re working is our user experience, making it seamless.”
With a median tip of around 3 cents, dogetipbot is as much about the social experience of tipping as it is a rail for small payments.
Still the amount of tips you'd need to accumulate to cover the BTS transaction fee (as a basic member) makes it not very suited to the social tipping and donating market at the moment.
oh yeah we very much agree with you bro, we are doing our best to work out a fee-mitigation method that works for everyone, but in the end it will probably come down to the BTS network fee its self needing to be changed to ultimately support micros transactions like this.
'needing' is not the right word. BTS does not need to change its fee structure to accommodate a business bring what? 10K/year at its potential top to BTS?
It's about the network effect you gain through a large amount of social media users tipping & receiving in your currency, thereby learning about and spreading it. While Dogecoin has limited upsell potential, BTS does via exposing users to BitAssets and other BTS products and services.
The Dogetipbot alone has over 75000 users, while not all Uniques, it's far in excess of total BTS users or users we will likely gain over the next 18 months through most other methods. https://dogetipbot.com/
exactly...75K worthless users accounting for what 10Mil of their 12 MIl market cap? I (I mean BTS) does not need this nonsence...as great and as a "proven" social phenomenon you consider it to be.
@kuro112 "amen...god save their souls"
Yes you are correct a basic blockchain that is just a Bitcoin clone, with little development is worth 50% more than BTS .
75k users being exposed to BTS products and services and in turn promoting them on social media would be massive. I'm sorry you that you don't understand that. Each user has a value and because of BitAssets, UIA's and other BTS products and services they're a lot more valuable to us than DGC.
They're also not necessarily low value customers either, you would run out of money very fast if you went round tipping $2 (like you suggest) to every tweet you liked or every person in a group you thought might be worth giving BitShares samples too.