You can now tip Bitcoin to other users across Reddit using a cool new hack

You can now tip Bitcoin to other users across Reddit using a cool new hack

Remember Bitcoin? The currency has fallen from the public eye in the past month, following sharp gyrations in value that saw its dollar-price fall below $100 per; the currency is currently valued at $128.34 per coin.

Among its fans and believers, the good ship Bitcoin sails on. To that end, folks over at Reddit have experimented and created a new way to tip Bitcoin to other users of the social website. Reddit recently introduced a system by which users can ‘mention’ other users; that capability opened the door for users of /r/Bitcoin to create a bot that allows for tipping.

The tipping service is now open to all Reddit subreddits, and all users, making it a site-wide experience. Details on how to get yourself up and running can be found here. In practice, the tipping is quite simple:

To tip the parent comment/post one dollar:

+/u/bitcointip $1

To tip user Bob .5 BTC:

+/u/bitcointip @Bob .5 BTC

It’s a simple, neat method to reward other users for behaving in a way that you approve of. The obvious analog to this new – albeit user-generated – capability is Reddit’s official system by which users can give each other ‘Gold,’ the service’s premium user experience that costs a few dollars.

Among Bitcoin’s fans, I expect this feature to pick up traction. However, those same Bitcoiners see more than an intra-use for the tool. As Reddit user j2510 said: “This is huge. This will do wonders to raise awareness and curiosity throughout reddit and the internet community.” Perhaps. It certainly won’t hurt.

If you want to dig a bit more deeply, /r/BitcoinTip is the place to go.

Top Image Credit: Liza

Read next: Windows 8 will surpass Vista's market share in June, making it the third most popular version of Windows