Youtipit - Reward with Bitcoin
youtipit.org
youtipit.org
My name is Brian and I am one of the founders of this site. Youtipit is our attempt to create the 'Online Busker': People submit their work and if members see something they want to reward they can tip it. Just like you tip a street performer, with Youtipit you can tip a blogger/programmer/musician online.
There is a long story behind Youtipit that I wont go into too much detail about. Basically we started out a year ago trying to create a community where by a person could buy credit and tip small amounts of money directly to other members with very low fees. Looking back, we were incredibly naive about KYC rules, banking restrictions, similar competitors (eg Flattr) and all sorts of other issues that would normally make this project unviable. For a long time we struggled to get to grips with these numerous problems... until we discovered Bitcoin.
Bitcoin allows us to do exactly what we set out to: enable people to reward good content in a tangible, affordable and convenient way. Since Bitcoin currently exists in a legally gray area we are able to provide a very direct way to reward someone online. We charge no fees so when you tip someone and there are no deposit/withdrawal fees. Presently we make money through selling of Bitcoins to members though we do have plans to add additional revenue generating features.
Since we have relaunched the Bitcoin based site our membership has grown quite rapidly. One of Bitcoins largest obstacles is that the Bitcon client/jargon are prohibitive to new users. Youtipit helps here by acting like an online wallet for you coins. We make it easy to sign up (using OpenId) and start using Bitcoins through a web interface. Bitcoin has been getting a lot of press lately we have been benefiting with an impressive upsurge in registrations.
If anyone is interested please feel free to have a look and let us know of any suggestions you might have that could make our service better. I would really appreciate some honest and constructive feedback from you guys. Keep in mind that we are running on a shoe string budget but we are improving the site continually.
Cheers,
Brian
PS: Thanks to instakill for posting our site.