BCH Tipping Bot Takes Over Telegram

Following the popularity of Tippr on Reddit and Twitter, the users of Telegram application are also capable of performing BCH microtransactions via Pepe-interfaced tipping bot
01 March 2018   325

In January 2018 we have reported about the gaining popularity Tippr bot, which was a Bitcoin Cash tipbot for Reddit and Twitter users that allowed them to reward the content when they wanted to support the author by leaving a tip.

The technology is developing and spreading to different social services, and recently it has emerged that the similar Bitcoin Cash bot appeared in Telegram app. The bot can be found as tipmebchbot, and it has a repository on GitHub, which states that this software is highly experimental, may lead to loss of funds, and the author takes no responsibility for users' money.

BCH tipping bot in telegramBCH Tipping Bot in Telegram

The TipMeBch bot has the interface of the well-known internet meme Pepe, and is capable of performing the following commands:

  • /tipbch $1.23 - Send tip
  • /tipbch 0.0001 - Send tip (BCH)
  • /balance - Show your balance
  • /deposit - Show your deposit address (PM)
  • /withdraw <address> <bch amount> - Withdraw funds
  • /stats - Show tipping stats
  • /help - This help
  • /about - Information about the bot
  • /setstickerset [name] - Set sticker set for channel (pepe or none)

As it is reported by Altcoinss portal, the bot is currently at version v1.0.0 and is maintained by Andreas Brekken, a cryptocurrency developer who has been working since 2011.

At the moment of press, these are main market parameters of Bitcoin Cash:

  • Average price: $1 249,73
  • Marketcap: $21 237 239 890
  • 24h volume: $357 983 000

Zero-confirmation BCH transactions to be kept in China

The Chinese exchange Bitasia declared about the start of supporting 0-confirmation transactions for BCH
23 March 2018   225

The trading platform Bitasia is one among the first exchanges to provide zero-confirmation transactions. Due to this fact the traders can use the platform as speedily as possible.

Bitasia is a platform which allows the traders to exchange a diversity of cryptocurrencies (ETH, ETC, LTC, BTC, BCH ect.). This week the exchange claimed that after some consideration the trading platform would hold 0-confirmation transactions for the Bitcoin Cash retail chain. For merchants and other businesses such kind of transactions suggests the possibility to accept a digital currency before the first web confirmation. Nevertheless, according to the common position within the BTC community, at least one confirmation is necessary in order to preclude double spends.

Lately the developers Gavin Andresen and Tom Harding made specific patches to prevent forgeries from happening while 0-confirmation transactions are held. But then they have removed those patches from the codebase of the core. Today the BCH programmers and the community in the whole believe that zero-confirmation transactions are safe and have begun testing 0-confirms during the past few weeks. The BCH supporters were excited to find out that Bitasia had been going to keep  zero-confirmations.

Doublespend.cash, a new website, has recently posted a list of all the double spends` attempts against zero-confirmation BCH transactions. Those who support Bitcoin Cash are rather sceptical of the website`s data because the most part of the transactions have a cost set lower than the network relay minimum requirement. That can be explained by the fact that transactions under 1 satoshi per byte are usually never promoted among the BCH clients. Due to this, many BCH upholders regard the Doublespend.cash website as an effort to spread FUD (fear, uncertainty and doubt).