Tweet and Get Bitcoin – Twitter Enables BTC Tips Over Lightning Network

“When you add a third-party payment service to your profile, please note that your username on that service will be publicly linked to your Twitter account. Information about you, including, but not limited to, your full name, address and your tip may be shared with the recipient or others, subject to the terms of the third-party payment service.”

While Twitter doesn’t charge fees, third-party payment services may, they said.

It’s also unsurprising that a major news like this would come with a variety of opinions.

One aspect being discussed is how many people will actually be able to use this. While Twitter has more than 353m monthly active users, the Cryptoverse stresses that being a Twitter user alone is not enough to activate the tipping service – users state that one needs a Lightning Network wallet, as well as actual BTC in it in order to tip, while the receiver needs Strike, a custodial wallet that comes with the know-your-customer requirement for withdrawal.

Some people are happy with Permissioned Services with Lightning payments integrated in some of the contries to be compliant. (Twitter,Strike App)

We signed on for permissionless finance in web3 applications with ENS name, Ethereum has to offer https://t.co/i4kmAJa3Rm

— Leo Morozovskii (@LeoMorozovskii) September 24, 2021

Speaking of wallets, a point of confusion popped up when it comes to which wallets are supported for sending and/or receiving tips. Users online claim that they’ve managed to send tips using certain other wallets, but that Strike is needed for receiving the tip. 

Furthermore, many of those who do have BTC haven’t tried Lightning payments yet, as Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation tweeted. 

Per Gladstein, some trial screenshots suggest that the team may include a “functionality where users can plug in their own non-custodial Lightning wallet straight into Twitter.”

There were also Apple / iPhone-related complaints already. Some said that there needs to be a way to change the default Lightning wallet opened by Twitter when a tip is sent, others added that they had to keep “clicking copy wallet address instead of open wallet,” adding: “Blame Apple for that one,” and “It’s not Twitter, it’s iPhone.”

“Bitcoin maxis having a field day today,” wrote Carl Vogel, Senior Product Manager at Paxos. “Twitter integration of Lightning is great for [the] industry,” he said, adding: “but expect measured adoption for some time due to friction points for mass-market.”

Naturally, there are some discussions specifically between Ethereum (ETH) and Bitcoin supporters, with the former camp arguing that, should non-fungible tokens (NFTs) be added to Twitter, they “aren’t going to be on Bitcoin, they are going to be on Ethereum.” However, NFTs are also available on other blockchains that are competing with Ethereum.

This is a reference to the reports that the company is planning to enable users to connect their wallets and authenticate the ownership of NFTs they tweet with a special badge.

Lastly, there were also some tax questions posed:

It's not a gift, I work hard to come up with shitposts. I mean, my friend works hard.

— Jameson Lopp (@lopp) September 24, 2021

Cryptonews.com has reached out to Twitter for comment. 

___Reactions: 

Twitter is allowing #bitcoin tips.

— Altcoin Daily (@AltcoinDailyio) September 23, 2021

Or what the execs at legacy payment system companies are doing right now. Figuring out how to rearrange deck chairs on the titanic.

— Jim Crider (@JimCriderTX) September 23, 2021

Another UX update, Fam. There are animated reactions for receiving and thanking folks for tips. ⚡️🙏🏻

(ps thanks again @NickaBeaird!) pic.twitter.com/GoFPs6ZBWX

— Sarah (Hody) Shtylman (@SHodyEsq) September 24, 2021

If you haven’t experienced the flow of getting a bitcoin tip on Twitter over the Lightning Network, here’s a video of one I got today ⚡️ pic.twitter.com/aJDhzQEIIk

— Esther Crawford ✨ (@esthercrawford) September 24, 2021

Another good take.

Tipping is not a "natural" thing (except for testing, playing). However including it in post would unlock a replacement to like/RT (micro love) and unlocked content (again see Bitclout) https://t.co/Bc3qfoMg8I

— Ouriel 🇮🇱 (@OurielOhayon) September 24, 2021

The Game Theory in #Lightning has started!

The world is moving from an adverts world to a payments world.

And these are the foundations 👇🏻 https://t.co/gOqpxdSTcP

— Gabriel H Beaumont (@GaboHBeaumont) September 24, 2021

#Bitcoin Lightning Network now at an all-time-high of over 72,380 open payment channels.

This is up 226% from the stable baseline of ~32k channels established throughout 2019-20.

Live Chart: https://t.co/7orl4psgJF pic.twitter.com/qufrB1gEvc

— glassnode (@glassnode) September 24, 2021

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Learn more: 
– Twitter Reportedly to Enable Adding Bitcoin & Ethereum Addresses to Profiles 
– Dorsey Justifies His Pro-Bitcoin Stance, Says He Is ‘Not Trolling’ Ethereum 

– Technically Capable Bitcoin Has Other Mass Adoption Challenges To Solve 
– Twitter’s Bluesky Finds New Lead, Square Building the Bitcoin Wallet Team 
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(Updated at 5:12 UTC with a video. Updated at 09:09 UTC with additional details and comments.)