@freemo, you've withdrawn 0.093233333336666665 :10grans: to this address, with a fee of 0.001. Verify

@Coyote

Oh wait I messed up on the math.. that tip you gave me is worth 10$.. wooo! :)

@10grans

@freemo @10grans

Can't be $10. Because if 1 is like $11, and I only had 2 max'ish, I couldn't have had more than like $20, and I know I didn't tip you half. Wait, did moon make it rain in the thread doing that maybe, what's your balance?

(Stop making this real, it's distracting! LOL)

@Coyote

I transferred what you gave me out of the bot and into my hardware wallet, lol. But you can see my hardware wallet address with your tip in it, and it clearly states its worth 10$:

ubiqscan.io/address/0xeafed381

@10grans

@freemo @10grans

Oh shit. I need to find an alex jones post to tip...

Na fuck it. I think he's entertaining as fuck (if you don't take him seriously). So..

@10grans tip 0.1 to @AlexJones

That's worth it for laugh value alone. Now Alex has received crypto through fedi! Queue the FBI!

@Coyote

Lawl.. big spender just tossing $11 into the void like its nothing :)

@AlexJones @10grans

@icedquinn @10grans @Moon @freemo

Ok, I thought I figured it out. I thought I was putting two spaces accidentally (copy paste) between "to" and the username, and that was making the tip fail. Now, I'm not sure what I'm doing wrong again.

@10grans tip 0.01 to @icedquinn
@10grans @Johncdvorak @freemo @icedquinn @adam @genen @Genen @mystik @doktorzhivago

10 grans, interesting tipping system?

@10grans makeitrain 0.1
@icedquinn @10grans @doktorzhivago @mystik @Genen @Johncdvorak @genen @freemo

Wow, well officially "Fuck Adam Curry" on that one, what an absolute fucking asshole comment about the new crypto that has a cool feature to share though fedi.

I still think it's very cool that someone invented method of transferring crypto through Fedi. People start using it and talking about it. Adam gets a token in a conversation about the crypto and responds:

"I don't work for tips"

Not only dismissive of the whole concept of transferring money directly in Fedi, so hung up on semantics that he's being a complete dick-wad in the middle of the conversation pretty much insulting the whole concept (while pocketing the money, rather than returning it), and walks away.

Fuck Adam Curry. We could insult his work too, but, to easy. I've seen people call others words I won't even fucking use on Fedi this week, and that was the coldest, rudest, most egotistical, unnecessary insult I've seen all week. (week, not year). I will continue to "spend" 10Grans on people I have on comments I value. (value for value?). I'm not going to insult a guys whole project just because a BOT uses the word "tip" to activate. Again, total dick move Adam, total dick move. Fucking rude.

So fuck it, I cut his name out, and this whole thread had been informative to me, and I learned a lot, so when some people are jerks, others need to step up and show appreciation. so.... I'm going to ignore the hater and keep having fun.

@10grans makeitrain 0.2

@Coyote @icedquinn @10grans @doktorzhivago @mystik @Genen @Johncdvorak @genen @freemo Woohoo. Triggered. We need price discovery for creative content. Positioning it as as "tipping" is not just semantics. Words matter. Change your words, change your world.

@adam @mystik @10grans @Genen @doktorzhivago @Johncdvorak @freemo @genen @icedquinn

Dude, aren't you saying you just want people to not make you have to set up a wallet to transfer another form of currency? But, your main message is decentralize and distributed? Doesn't add up Adam.

Your system has never got me tips on fedi. And I provide some rich comical content that's paying off in sweet sweet 10grans.

@mystik

The bot itself is, but the coin and blockchain they pull from isnt. I can transfer you 10grans without going throught he bot or I can set up my own bot that is able to hand out 10grans in the same way as the main bot. The bot is just a gateway to a decentralized tech.

@10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn

@mystik

What do you mean by "not your keys" exactly? or for that matter "only for tips" what else would a tipbot be used for that isnt appropriate?

@10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn

@freemo @mystik @10grans @adam @Genen @doktorzhivago@liberdon.com @Johncdvorak @genen @Coyote @icedquinn it sounds like he means "not your keys, not your coins" or that if you don't have the private keys (which exist on the bot or the CEX side) that you don't have "control" of your coins.

Example, you put coins on Coinbase & then they ban you & then no more coins.

@joshbdoc

Right, but you can just withdraw your keys from the bot to your wallet. So I'm not sure i see that as an issue, just never let your balance on the bot accumulate to anything large enough that it is more than the relative trust you have for the bot... For example keep 1$ max in the bot at any time and always withdrawl the rest to your own wallet.

It would also be trivial for moon to add a auto-withdraw feature where if your balance ever exceeds a certain value it automatically withdraws to your own wallet.

@mystik @10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn

@mystik @freemo @icedquinn @joshbdoc

Trimming replies, starting to look like a hellthread around here. :-)
@mystik @freemo @icedquinn @joshbdoc

However, there was someone....

@drbitcoinmd I'd noticed that guy around <--

Any thoughts on 10grans?

@10grans tip 0.0001 to @drgo
@Coyote @10grans again no clue why the bot hates you so much. I have noticed some people use makeitrain for every tip just because it seems more reliable.
@Moon @10grans

They were tagged. Felt kinda spammy anyway. But yea, I'm got super shit bandwidth that sometimes drops mid post, I don't know where PleromaBE is taking and sending the inputs, because I think some posts propagate much slower than others, so, there's some black magic in that box with the wires to my keyboard, might not be the bot.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc I’ve seen this idea come and go and come and go. We used to tip bitcoin directly to addresses in signatures for helpful forum posts. Then there were services like changetip and the like for small value off chain transfers. Now there are newly invented tokens to do the same. Maybe they’ll have tipping NFT’s down the road. Lightning tips make more sense

@Coyote, you tipped 0.001 :10grans: to @drgo and have 0.34629566667 remaining.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc it is tipping using a valuable token (bitcoin) via routed payment channels (lightning). All the tipping happens trustlessly, so it is your keys and they are your coins, but off chain so you don’t have to tell the world about it and pay high fees.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc lol, there is no fight here. Misunderstandings about lightning and utility tokens, sure, but not fighting. There is nothing to fight about. Just common thought mistakes to correct.

@drgo @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc

"lol, there is no fight here."

It was a joke, have you met me? I'm kinda a clown, I don't even take myself seriously a vast majority of the time.

@mystik @joshbdoc @10grans @drbitcoinmd @freemo @Coyote @icedquinn forgive my brevity. It’s trustless in the sense that you can guarantee you never lose funds by choosing to act when intermediaries behave badly. You must trust yourself to act. But other than that, you need not trust anyone else.

@drgo

To be fair its not even unique in the sense of being a social media currency where good content is tipped. There are multiple cryptocurrencies that are inteaded to drive content in that way including on social media in general.

This is however the first time its been attempted on the fediverse.

Here is a crypto designed to fuel a decentralized social media network (not unlike the fediverse but crypto):

rougecoin.xyz/

Here is a crypto of this nature for video and audio content:

aioz.network/

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc

@freemo @Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc if someone is inventing a new token to make tipping work, it’s dead in the water. I wouldn’t think too hard about it (presuming you’ve thought through this before). Not saying the devs are scammers by intent, but those making new tokens are scammers by definition…which includes people unwittingly doing something scammy and stupid.

@drgo

I think that depends largely on the nuance. A person creating a new token that fills a real need and at the same time distributes the ownership of the initial tokens fairly without favoring the creators is not by any means a scammer.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc

@freemo @Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc disagree. They’re not intentionally a scammer. There is no such thing as creating a new token to meet an unmet need any more…people create a token to incentivize those working towards a particular goal perhaps, but that’s just fundraising. Whatever it is you feel you can’t do without a new token is the scam part. It is ignorance.

@drgo

I disagree, people create tokens that fullfill needs all the time. Holochain for example is a relatively new token that facilitates distributed computing with distributed payout and no oone owning the network... That is not something you could have done with existing tools in a way that is garunteed trustworthy.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc

@drgo @freemo @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc

"Whatever it is you feel you can’t do without a new token is the scam part. It is ignorance."

I could say the same about an iPhone. 10grans is fun, so it's a scam. Ok. Not like I've invested my life savings it in, just using it for what I like it for, fun, a weird way of saying thank you for a post, etc..

I agree, it could be a scam. They all could. I also think, in this case, it is fun.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc this is a very old debate that some of us have been through dozens of times. It is tiresome to keep explaining it to people who are incentivized & blinded by incentive not to understand.

Anyhow, here are some other simple apps you can create scam coins for, but have already been done with bitcoin:

@mystik

Not sure it is from the CIA, but otherwise your right... it doesnt provide the garunteed on-chain security a smart contract does... Its basically an insecure bastardized attempt to patch bitcoin to provide functionality that seems similar to a smart contract but in fact is not remotely similar.

There is a reason ethereum (which provides smart contracts) had 12.5x gain int he last year while bitcoin only had 7x gain, and thats because bitcoin is archaic and cant be patched.

@joshbdoc @10grans @drgo @drbitcoinmd @Coyote @icedquinn

@freemo @mystik @joshbdoc @10grans @drbitcoinmd @Coyote @icedquinn have fun staying poor boys. I’m out. I encourage you to take a look at the last 5 years of history on this old and since settled topic. I’ve got a lot of fun things with family today. Have a good one.

@drgo

Staying poor? Tell that to the market, EThereum has for over a year now been out performing bitcoin by more than 6x more (12.5x vs 7x)... bitcoin is a sinking ship relative to ethereum and the market knows it.

@mystik @joshbdoc @10grans @drbitcoinmd @Coyote @icedquinn

@freemo @mystik @joshbdoc @10grans @drbitcoinmd @Coyote @icedquinn I can only tell you your destination, not the the path you will take. I really gotta run. Kids and wife and adventure await!

@drgo

See ya, have fun.

I have made **way** more money betting on ethereum throughout the years than bitcoin.. I think im good on my destination.

@mystik @joshbdoc @10grans @drbitcoinmd @Coyote @icedquinn

@drgo

No one would argue that you cant create a scam coin.. of course you can.. the fact that you **can** create scam coins doesnt mean that all coins/tokens are scams however. There are plenty which are not and fill a need.

As for bitcoin, bitcoin doesnt have smart contracts (thought hey are trying to and some tools give a half-assed attempt at it), and as others have pointed out that means bitcoin can not functionally provide the level of trust a blockchain with smart contracts is capable of.

@Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc

@drgo @freemo @Coyote @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc nothing in this post convinced me that we're doing anything scammy or stupid, you don't care for it and that's fine but there's a whole world of other people out there making their own decisions about that.

@Moon

He seems to think all tokens are scammy by default.. I suspect he is really just one of those "bitcoin is the only coin that counts" and completely dismisses the value of smart contracts or tokens as a whole, possibly due to a lack of understanding.

@drbitcoinmd @drgo @icedquinn @10grans @mystik @joshbdoc @Coyote

@freemo @Moon @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote Bitcoin is the only one that counts, and when you have properly thought through the problem you’ll reach the same conclusion. There is no such thing as two tokens that count (significantly count that is)

@drgo @freemo @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote
>Bitcoin is the only one that counts

thank you for clarifying your position, we have differing priors on this. Personally I have spent my time and made my fortunes almost entirely off the bitcoin ecosystem and haven't missed it.

@drgo

Thats not what the market reflects, nor the history.. bitcoin is on way out and other coins have been quickly overtaking it for some time.. Again ethereum has gained 12.5 int he last year while bitcoin only 7x, and thats simply because bitcoin is a failure due to its lack of smart contracts and any attempts to hack/patch in functionality that resembles smart contracts has and always will fail because the coin itself doesnt support it. Therefore you wind up relying on some authority as a middle man who can steal your coin at will and break the whole idea of crypto (decentralized and no middle man taking money).

@Moon @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote

@Moon @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc @Coyote the definition of scam is the issue here…it’s not about intent. Lots of ideas have been tried and failed and lots of people don’t know the history here.

You can claim you need a token for file sharing or blog posts or music sharing or tipping, but there has been free code for all of these things using bitcoin for over 3 yrs:

@drgo @drbitcoinmd @icedquinn @10grans @mystik @freemo @joshbdoc @Coyote 10grans wasn't even initially made for the fediverse, it was meant for projects that use the ubiq blockchain specifically, so it was just meant to be a native token for that ecosystem.

@drgo

That is entierly ignorant of the limitations of bitcoin... yes there have been solutions that attempt to use bitcoin to do this, all of them are ugly patches that inevitably have big issues that cant be fixed because bitcoin simply does not provide modern functionality.

@Moon @drbitcoinmd @icedquinn @10grans @mystik @joshbdoc @Coyote

@mystik

Yea but keep in mind you can do that already manually.. you can withdraw and depost to the bot from your own private wallet.

@10grans @adam @joshbdoc @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn

@freemo @mystik @10grans @adam @joshbdoc @Genen @doktorzhivago @Johncdvorak @genen @icedquinn

Write me a how-to? If it "can" be done, this is the first crypto I've owned since I lost a bitcoin wallet in like 2013.

@freemo @mystik @10grans @adam @Genen @doktorzhivago@liberdon.com @Johncdvorak @genen @Coyote @icedquinn this would be like having a hardware cryptocurrency wallet (with its own private key) and then giving someone else your private key. Why would you trust anyone with your private key?

@freemo @joshbdoc @mystik @10grans @adam @Genen @doktorzhivago @Johncdvorak @genen @Coyote @icedquinn

1. the critics are right, the tipbot is a custodial wallet. but freemo is also right, you can withdraw your grans to a true crypto wallet, we place no restrictions on this other than a small withdrawal fee to cover our blockchain transaction. do so and you have complete control of them.
2. we don't promote the activity, but 10grans is on an exchange and people do buy and sell it like any other crypto-token, although it uses a different blockchain than ethereum or bitcoin so there's extra work to convert it to fiat (but is totally possible, and many people have done so.) More info here: https://blog.ubiqsmart.com/the-ubiq-dex-introducing-shinobi-5433adecc5e3

@Coyote I actually have a youtube video on how to use 10grans tipbot which includes how to deposit and withdraw, but it needs to be updated for the new wallet software.

I want to point out that there **is** an aspect of centralization, one which leads to devaluation and ultimately invalidates the coin as a medium of value. Though it is something that could be easily fixed with a new crypto or migration of 10grans.

Basically moon owns and retains full control over the smart contract which minted the 10 grands int he first place. This means two things.

1) Moon minted the entire suppy of 15,000 grans and owns them all (except for the ones he already distributed for free)

2) Moon has the ability (and is the only one) who can freely mint new GRANS as he sees fit.

This essentially from any economic model means the coin has no true value as there is no limit on supply. If the coins are woth 1000$ each moon can just mint 1000 of them, sell them, and still a million dollars off the market. In the end this will insure the cvoins never have any true value (very few people will ever be willing to buy them).. they are about as valuable as air and always will be.

With that said if one were to create a coin that 1) had fixed rules as to how and when new coins are minted 2) all newly minted coins were distributed to the community in a fair way without moon having the ability to basically dip his hand in the honey pot... then I think we would see a crypto with some actual value and might be used more widely as a source of value for content.

@Moon @icedquinn @10grans @doktorzhivago @mystik @adam @Genen @Johncdvorak @genen @joshbdoc @Coyote

@Moon

Converting it to fiat is trivial I can do it in a few minutes.. I just convert the 10grans to ubiq and then move that to gate.io and sell.

The issue is that the liquidity of 10grans is very small. That is if i had any quantity of 10grans I could probably only trade a few 100 before liquidity dried up and i couldnt sell anymore.

The liquidity isnt going to change nor will the value rise in any serious sense simply because as I said before, you hold the key to mint freely as much as you want for yourself and no one else. So naturally no one will ever see it as having real value as the liquidity will always be extremely low.

@icedquinn @10grans @doktorzhivago @mystik @adam @Genen @Johncdvorak @genen @joshbdoc @Coyote

@freemo @Coyote 278,000 dollars isn't a lot of liquidity compared to bitcoin but it's not nothing either.

> you hold the key to mint freely as much as you want for yourself and no one else.

I mean, Ethereum works the same way. So do countless tokens that are widely considered to have "value".

One day we may do a token swap to one that I can guarantee is absolutely capped at 15,000.

I'm just replying to this to inform, this isn't an aspect of the token that we want to emphasize.
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