{"id":57693,"date":"2023-08-08T17:20:47","date_gmt":"2023-08-08T17:20:47","guid":{"rendered":"http:\/\/egrowonline.com\/?p=57693"},"modified":"2023-08-08T17:20:47","modified_gmt":"2023-08-08T17:20:47","slug":"free-bitcoin-on-zaps-experiment-but-what-are-zaps","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=57693","title":{"rendered":"Free Bitcoin on Zaps experiment \u2014 but what are Zaps?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-v-2649fa34=\"\">\n<p>A Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) advocate based in Canada has \u201cZapped\u201d 600 people a total of 300 <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/learn\/bitcoin-vs-satoshi-key-differences-explained\" rel=\"noopener\">satoshis<\/a> ($0.09, or 0.000003 BTC) each in a Bitcoin-inspired\u00a0social media experiment.\u00a0<\/p>\n<p>To date, marketing executive Michael Degroot has doled out over $50 in Bitcoin to people around the globe. He has since been Zapped back more than 40 times, receiving more than $6. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Doing an experiment on <a target=\"_blank\" href=\"https:\/\/twitter.com\/orangepillapp?ref_src=twsrc%5Etfw\" rel=\"noopener\">@orangepillapp<\/a> I\u2019m going to be zapping &amp; connecting with everyone who has their lightning wallet attached. ~700 people, if you aren\u2019t on there already here\u2019s my referral code. <a target=\"_blank\" href=\"https:\/\/t.co\/ADO92uEDqr\" rel=\"noopener\">https:\/\/t.co\/ADO92uEDqr<\/a> I\u2019ll be updating this thread while I zap people <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#Bitcoin<\/a><\/p>\n<p>\u2014 Michael Degroot (@_mikedegroot) <a target=\"_blank\" href=\"https:\/\/twitter.com\/_mikedegroot\/status\/1686083487760277507?ref_src=twsrc%5Etfw\" rel=\"noopener\">July 31, 2023<\/a><\/p><\/blockquote>\n<h2>But what are Zaps, and how is it possible to send money around the world without an intermediary?<\/h2>\n<p>Degroot recently signed up for the Orange Pill App, a social media platform that connects Bitcoin users from around the world. The app works similarly to Tinder or Meetups, with the mission to <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/new-social-apps-want-to-help-bitcoiners-connect-in-real-life\" rel=\"noopener\">connect Bitcoiners in real life. <\/a><\/p>\n<p>The app recently integrated Zaps, or Bitcoin tips, and according to founder Matteo Pellegrini, 20% of users have added Zaps to their profiles. <\/p>\n<p>Zaps use the layer-2 <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/learn\/what-is-the-lightning-network-in-bitcoin-and-how-does-it-work\" rel=\"noopener\">Lightning Network<\/a>, which runs on top of Bitcoin. Zaps are typically small or tiny amounts of Bitcoin, measured in satoshis, that are sent peer-to-peer. <\/p>\n<p>To Zap, <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/how-to-send-and-receive-payments-on-the-lightning-network\" rel=\"noopener\">users have two choices<\/a>:\u00a0create a noncustodial Lightning wallet using a Lightning node or open a custodial Lightning wallet. When users opt for a custodial solution, a third party such as Wallet of Satoshi, Blink or CoinCorner manages the Bitcoin. They take care of routing, Lightning channels and liquidity. <\/p>\n<p>Users can then create a Lightning address, known as an LNURL, to receive Zaps. Think of the LNURL as an email address, but for money. By adding this address to profiles on platforms including Orange Pill App, <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/crowdfunding-gets-leg-up-from-lightning-addresses-on-bitcoin\" rel=\"noopener\">Geyser Fund<\/a> or Nostr, users can receive Bitcoin from people all around the world, instantly and at almost no cost. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/280488e2-3314-46e2-82d6-36446e27c5c3.jpg\" alt=\"\" title=\"Free Bitcoin on Zaps experiment\u2013but what are Zaps? \" \/><figcaption style=\"text-align: center\"><em>Bitcoin tipping, or Zapping, is mobile-first.<\/em><\/figcaption><\/figure>\n<p>Crucially, there is seldom a Zapping middleman, and it works well with micropayments, such as Degroot\u2019s 300 sats payment. Money remitters such as PayPal, Western Union or wire transfers charge a fee to route money around the world but are ineffective for micropayments due to high fees. <\/p>\n<p>Zapping removes the need for a middleman, which also removes a money-making opportunity. Pellegrini explained: \u201cIt doesn\u2019t cost us anything when users Zap each other, and we don\u2019t, nor shouldn\u2019t, make any money off it.\u201d <\/p>\n<p>Brian Armstrong, the CEO of Coinbase \u2014 the United States\u2019 largest crypto exchange \u2014\u00a0<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/brian-armstrong-owes-me-100-in-bitcoin-here-s-why\" rel=\"noopener\">recently confused a Lightning address<\/a>, or Zap address, for an email address. It\u2019s fair to say that Zaps have yet to light up the mainstream crypto conversation.<\/p>\n<h2>Zapathon<\/h2>\n<p>Back to Degroot\u2019s Zapathon. The Canadian \u201cmessaged and zapped every single person on the Orange Pill App who has a Lightning wallet attached to their profile,\u201d he disclosed to Cointelegraph.<\/p>\n<blockquote><p>\u201cI want to contribute to the community more, and I thought this was a way I could contribute and I could increase Bitcoiners in my network. A way to find more signal.\u201d<\/p><\/blockquote>\n<p>But while Degroot expanded his network, gaining hundreds of X (formerly known as Twitter) followers, the generous act also demonstrated the power of the Lightning Network\u2019s money transfer mechanism. Degroot Zapped 300 sats (less than $0.10) to someone living 16,000 kilometers (9,940 miles) away in South Africa, expressing: \u201cIt settled in a second, and there was no fee for it.\u201d<\/p>\n<blockquote><p>\u201cI used to own a business, and if someone paid us with a credit card before a weekend, it could take up to five days for those funds to reach our bank account, and cost ~2.5%.\u201d<\/p><\/blockquote>\n<p>Degroot also Zapped me (please note that this was not a bribe to write this article!) It cost nothing despite the fact that we are separated by the Atlantic Ocean. <\/p>\n<h2>Zapping on Nostr<\/h2>\n<p>While Orange Pill App, Geyser Fund and Stacker News are Zap-arenas, the tipping feature has been increasingly popularised by Nostr, which stands for \u201cNotes and Other Stuff Transmitted by Relays.\u201d In its present form, Nostr is a decentralized alternative to centralized social media platforms such as X or Reddit. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-08\/30a0ff62-982a-47a6-b92c-e5d56859b001.png\" alt=\"\" title=\"\" \/><figcaption style=\"text-align: center\"><em>Zaps sent on Nostr over the past six months. Source: Nostr.Band<\/em><\/figcaption><\/figure>\n<p>Nostr is a protocol that comes to life by integrating with <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/decentralized-twitter-alternative-goes-live-on-apple-s-app-store\" rel=\"noopener\">clients such as Damus (for iPhone)<\/a>\u00a0or Snort (for desktop). Nostr recently reached 4 million users, while hundreds of thousands of dollars worth of Bitcoin has been zapped across the world. Curiously, the \u201clike\u201d button does exist on Nostr platforms, but Zaps are sometimes favored over likes. <\/p>\n<h2>Why are people giving out free money on the internet?<\/h2>\n<p>Zapping is a Bitcoiner behavior that, at first glance, doesn\u2019t make a lot of sense. Why give out Bitcoin to strangers on the internet, knowing that it is a scarce asset? There is only 21 million BTC, or 2.1 quadrillion sats, and it\u2019s highly unlikely that more will be mined. <\/p>\n<p>Jeff Booth, founder of <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-transition-how-hodlers-can-become-changemakers-and-drive-adoption\" rel=\"noopener\">Ego Death Capital<\/a>, told Cointelegraph: \u201cSo for people in Bitcoin and on Nostr, that economy is emerging, and it\u2019s really early.\u201d<\/p>\n<blockquote><p>\u201cFor people that aren\u2019t in that world, they wouldn\u2019t see what we\u2019re talking about. If you\u2019re measuring from the existing system, you don\u2019t know what we\u2019re talking about.\u201d<\/p><\/blockquote>\n<p>I asked Nostr users why they sent sats. The responses were light-hearted, fun and moving. BitcoinSandy, a Nostrich (a Nostr user), explained that \u201cit is a really good feeling sending instant value to someone likeminded who values freedom.\u201d <\/p>\n<p>Manlikeweks explained that Nostr\u2019s borderless and censorship-resistant properties are awesome, particularly \u201cas a person based in Tanzania and being funded worldwide without any restrictions.\u201d<\/p>\n<p>Zapping also taps into the trend of value for value, or creator compensation. Digital creators can monetize content directly, without the need for a middleman. <\/p>\n<p>BitcoinBarry explained how it works in practice: \u201cI often try to give answers where I can and am rewarded to give better than suboptimal answers too.\u201d I.e., if you post useful content on Nostr, you may be rewarded with a bountiful Zap \u2014 much like you would tip a waiter in a restaurant for excellent service. <\/p>\n<p>Nostrich JoeLibertarian spelled it out: \u201cSats speak louder than likes.\u201d You can like a post on Nostr, or you can send the post sats to truly express satisfaction and gratitude. <\/p>\n<h2>Nostr-ings attached?<\/h2>\n<p>Nostr is not without hiccups. Apple <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/apple-to-delist-nostr-based-damus-app-for-bitcoin-tip-feature\" rel=\"noopener\">recently delisted Damus from the App Store<\/a> due to the Bitcoin tipping feature. Apple said Zaps violate payment policies: \u201cIf they [users] are connected to or associated with receiving digital content, they must use in-app purchase in accordance with guideline 3.1.1.\u201d <\/p>\n<p>Nonetheless, Nostr is a protocol, not a centralized service. Clients similar to Damus have since popped up on the Apple App Store, such as Plebstr. <\/p>\n<p>Regarding Orange Pill App, Pellegrini explained to Cointelegraph that there is no risk of being deplatformed by Apple. Why? Pellegrini explains, \u201cWe gave Tim Cook [Apple\u2019s CEO] a free Orange Pill App membership!\u201d<\/p>\n<blockquote><p>\u201cJoking aside, there\u2019s no feed on the app, so the zapping is via profiles that are not classified as content, unlike notes\/tweets.\u201d<\/p><\/blockquote>\n<p>Apple can continue its crusade of Nostr platforms where content can be easily monetized, but as popular Nostr creator Walker points out, Nostr is \u201ca freedom-loving hydra.\u201d If you remove one Nostr-playground, others will pop up: <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Apple bends the knee to the CCP and removes <a target=\"_blank\" href=\"https:\/\/twitter.com\/damusapp?ref_src=twsrc%5Etfw\" rel=\"noopener\">@damusapp<\/a> from the App Store in China after one day\u2026<\/p>\n<p>They will soon discover <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/nostr?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#nostr<\/a> is a freedom-loving hydra\u2026<\/p>\n<p>Cut off one head and two will grow in its place.<\/p>\n<p>You cannot kill it; fighting it only makes it stronger. <a target=\"_blank\" href=\"https:\/\/t.co\/D3UTFtx2mR\" rel=\"noopener\">pic.twitter.com\/D3UTFtx2mR<\/a><\/p>\n<p>\u2014 Walker&#x26a1;&#xfe0f; (@WalkerAmerica) <a target=\"_blank\" href=\"https:\/\/twitter.com\/WalkerAmerica\/status\/1621239174182440960?ref_src=twsrc%5Etfw\" rel=\"noopener\">February 2, 2023<\/a><\/p><\/blockquote>\n<p>Meanwhile, Degroot\u2019s quest continues. He hopes to Zap every user on Orange Pill App, buoyed by the enthusiasm he\u2019s met with from fellow users: <\/p>\n<blockquote><p>\u201cMy favorite response was \u2018Thank you for sending me those sats. I have never been zapped before \u2014 you made my day!\u2019\u201d<\/p><\/blockquote>\n<p>He concluded the experiment on Aug. 7, telling the Zap-curious to \u201cDO IT.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I sent ~600 zaps for a total of 180,000 sats and was zapped back ~40 times with many people telling me they would pay it forward. Had one person send me back 50x what I sent them &amp; another 80x to support the cause. If you have the chance to zap someone for the first time DO IT&#x26a1;&#xfe0f;<\/p>\n<p>\u2014 Michael Degroot (@_mikedegroot) <a target=\"_blank\" href=\"https:\/\/twitter.com\/_mikedegroot\/status\/1688668501589086209?ref_src=twsrc%5Etfw\" rel=\"noopener\">August 7, 2023<\/a><\/p><\/blockquote>\n<p>Ultimately, Degroot regularly Zapped profiles who received their first-ever sats. Pellegrini summed it up sweetly: \u201cAfter all, who doesn\u2019t like some sweet sweet sats?\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/free-bitcoin-on-zaps-experiment-what-are-zaps\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin (BTC) advocate based in Canada has \u201cZapped\u201d 600 people a total of 300 satoshis ($0.09, or 0.000003 BTC) each in a Bitcoin-inspired\u00a0social media experiment.\u00a0 To date, marketing executive Michael Degroot has doled out over $50 in Bitcoin to people around the globe. He has since been Zapped back more than 40 times, receiving [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[50,5420,936,16878],"class_list":["post-57693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-experiment","tag-free","tag-zaps"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/08\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDgvNjgyNDViMzYtZDcyYS00YWRlLTgwODItYWY2OWEzYmIxM2NiLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57693"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57693\/revisions"}],"predecessor-version":[{"id":57695,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57693\/revisions\/57695"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/57694"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57693"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}