I'm really excited about this because of where we can go with this.
The idea of a "rtip" or tip/retweet is the biggest innovation here. It's exactly how twitter is already used to disperse information, but adds a social gesture with monetary weight. That's pretty powerful. If you like a tweet, just say "rtip $1 @username the awesome tweet".
Lots of sites use Twitter credentials, and this means they can initiate payments. It also makes those payments inherently social, as they are broadcasted - so in ways it is better than an OAuth system. But we're planning that too.
We're going to open this up to an API, meaning sites based on twitter credentials can convert their whole user base to tipjoy users. I'm really looking forward to see what can be done with these tools.
The potential for this idea is what got me excited the minute I saw your post.
As an aside, I think twitter still needs to release support for OAuth, there are too many sites out there storing twitter credentials in plain text right now. Careful developers should be hashing the passwords with some secret salt so at least their users passwords aren't at risk if someone ever gains access to their db.
These aren't really your issues, but twitter needs to add proper authentication. Anyways -- this is a great from tipjoy -- looking fwd to what comes next.
The idea of a "rtip" or tip/retweet is the biggest innovation here. It's exactly how twitter is already used to disperse information, but adds a social gesture with monetary weight. That's pretty powerful. If you like a tweet, just say "rtip $1 @username the awesome tweet".
Lots of sites use Twitter credentials, and this means they can initiate payments. It also makes those payments inherently social, as they are broadcasted - so in ways it is better than an OAuth system. But we're planning that too.
We are also accepted new signups via twitter credentials http://tipjoy.com/createaccount/platform/twitter/
We're going to open this up to an API, meaning sites based on twitter credentials can convert their whole user base to tipjoy users. I'm really looking forward to see what can be done with these tools.