Bloggers, forums, reviewers, news sites, artists and local groups could all benefit from the service.
tibdit can help to level the playing field, by making the internet more of a meritocracy for content providers.
When the Internet blew up, how we consume and pay for content changed forever. … it was no surprise to see tibdit launch a semi-centralised app, delivered via WordPress plugin.
tib /tɪb/
noun (pl. tibs) a small amount of money, typically around GBP 0.15 (USD 0.25), chosen by an individual tibber to ensure that they “do not need to think twice” before spending.
verb (v.tr tibbed) to send a tib to a tibbee, either as a gratuity (a microdonation), or as payment for access to content or a service (a micropayment).
s.a. tibber, tibbee c.f. tip, tidbit
Netflix and Amazon Prime, two streaming giants with payment plans of around £4.99 a month, have spoken about increasing the cost of membership. Talks of impending HD packages and the threat of no longer being able to share accounts across multiple devices have been floating around for a while now, making an alternative method more appealing.
The 21 Chip is a truly versatile piece of hardware and its unique functionality is not limited simply to “free” movies and television. Can you imagine having a smartphone that pays its own bills? Or WiFi hotspots that generate revenue for the precise length of time it has been used? Imagine a phone or tablet that automatically pays for extra cloud storage space, or has the capability to pay for an ebook as you’re reading it.
It seems Apple have the tech world divided once again.
iOS9 houses a myriad of new (and necessary) features designed to tackle issues with poor battery life, a more intuitive ‘maps’ and an improved Siri so smart that all those Skynet jokes seem a little more relevant. Much to the dismay of app publishers and video streaming website hosts who depend on the revenue from pop-ups, iOS9 also comes complete with adblocking software. While most of us rejoiced at the announcement of iOS9, the latest smartphone operating system by tech superpower Apple, it seems app developers and publishers weren’t so keen on celebrating.
For anyone who’s been following tibit for some time, the concept of a sustainable alternative to pop-ups is nothing new. Functionality based around small micropayments which reward quality content or which include a gatekeeper mechanism seem like a godsend to developers, especially when compared to the prospect of seeing marginally less revenue as all iPhone and iPad users bask in the joy of advert-free web surfing.
Google is no stranger to micropayment software either, having recently launched a service with a similar philosophy to tibit. Google Contributor asks users to spread small payments across several websites, in a similar fashion to a subscription service (i.e. the more money you donate, the less ads you’ll be bombarded with). Could adopting this ambitious approach soften the backlash Apple is facing from disgruntled developers?
Here at tibit we envision a world where micropayments are as ubiquitous as a Facebook like. With large companies like Google engaging with developers and providing alternatives to ad-based revenue streams we’re confident that in the world of micropayments, Google Contributor is just the ‘tib’ of the iceberg.
According to the latest news in the financial tech sector, in the near future we could see Bitcoin being adopted by the biggest banks in the world.
The Blockchain method of online security comes in the form of a public ledger, which tracks all Bitcoin transactions. Bitcoin enthusiasts and developers alike believe that complete transparency is the only way to purge the (ever-omnipresent) threat of online theft made during transfers.
Nine of the world’s biggest banks share a similar philosophy; Barclays, Goldman Sachs, JP Morgan, The Royal Bank of Scotland and a few others have all joined the blockchain initiative in a bid to investigate new ways of protecting transfers..
The strong focus on transparency which is now required for larger banks following the recession has led to this new interest in technology such as the Blockchain method. Keeping records in an open yet secure manner will allow banks to maintain their trustworthiness, but keep financial records as secure as possible.
Here at tibdit, we feel it makes perfect sense for large banks to mirror systems created for Bitcoin transactions. In the past, the only threat to Bitcoin security came from hacks on wallets or in the exchanges themselves. By marrying a transparent ledger with the security the bigger banks possess, we could eventually eradicate the worst of the online fraud we battle today.
Whilst the future of online banking is still uncertain, one thing that we might be see is the cost of reporting on transactions falling dramatically once an open ledger system is implemented. That being said, it is unlikely that we’ll see a change overnight, as the use of the Blockchain technology will initially be limited to recording the purchases of stocks and shares. We will also have to wait for the big banks to finalise their studies of the Blockchain technology; there is currently no timetable for the scheduled beginning of technical trials.
We are currently living in the age of entertainment, with more people playing video games than ever before due to ease of access. More than 51% of smartphone owners use their devices for gaming, and games console sales continue to rise. The question on many people’s lips is how this frenzy for gaming can be monetised in a way that is accessible to everyone. Could small payments be the future of gaming?
Gamecredits certainly seem to think so. As the first open source gaming currency made by and for gamers, Gamecredits is set to integrate cryptocurrency into three of its brand new games.
The first of the small payment-funded game trinity of games launched this week. Named Turbocharged, the game features online racing with players making small bets on race outcomes and missions. The addition of micropayments adds another level of pressure to the frantic no-holds-barred style of play. Gamecredits currently has two other game titles on the horizon, an online fighting game and a four player co-op shooter set in space.
This bold move by the Gamecredits team should hopefully increase cryptocurrency adoption, eventually leading to a more widespread adoption of the payment alternative across the gaming industry. That being said, Gamecredits are not the first company to attempt this; Metal Gear Solid 5, arguably one of the biggest games to drop this year, surprised fans by incorporating its own micropayments system.
By allowing the player to purchase in-game coins to spend on their military base, Metal Gear Solid 5 has provided an optional micropayments system giving the game another level of depth. The popularity of the game and the warm reception of the micropayments feature gives the team here at tibdit further confidence that tibbing will take off in the future.
With our platform at tibdit being versatile enough to be applied to a variety of gaming options, we don’t think it will be long before tibs are seen across console and tablet-based games. In-game purchases are slowly becoming the norm, and the tib button could soon be coming to a console near you – just watch this space!
Winnipeg Free Press is the first North American online news outlet to launch a micropayment system, seeing a large number of users switch to pay-per-view subscription.
Currently 1,300 of its 150,000 registered users are now paying a small amount per article they read, with many more predicted to make the switch over the coming months. Winnipeg Free Press estimates that in seven to eight months, they will reach their goal of 5,000.
The current landscape of online micropayments is expanding exponentially. Winnipeg Free Press’ current business model comes in the form of a monthly subscription process, billing the user based on the articles they have read. This is but one example of the many ways frictionless micropayments can be incorporated in the digestion of online content.
Winnipeg Free Press has approached the inevitable problem of user dissatisfaction by providing a refund option, enabling the user to request their money back should they feel like the article in question wasn’t quite up to scratch. This was certainly a gamble, and the potential for users to repeatedly request a refund was an initial worry for Winnipeg Free Press vice president Christian Panson. His fears were allayed by the nearly unanimous response of most readers, who have happily paid without requesting refunds.
Winnipeg Free Press has enjoyed an increased amount of its readers transitioning to a pay-per-article system following its announcement of the innovative paywall structure in February. Panson has gone on to state his goal of 30-40 percent of the Winnipeg Free Press’ reader base being micropayment subscribers, noting that he doesn’t have many brands to compare to.
This is where we at tidbit feel we can help the journalism world. We’re always excited to see different platforms adopting a micropayment system, as it’s well suited as a method of monetising online content. With news outlets like Winnipeg Free Press embracing micropayment systems to provide a positive user experience, it’s only a matter of time before the whole world is taking notice – and tibbing!
We’ve been working diligently since the last blog, to partner with particular sectors in the donation space; from charities, to student mags and wellness bloggers ahead of our launch in October.
Our platform is still ‘live’ for existing tibbees and tibbers, but others will roll out when we launch.
Watch this space to find out which tibbees we’ll be bringing onboard.
There’s been a fair bit of press recently around newspapers closing down altogether or moving to online only http://www.theguardian.com/media/newspaper-closures
Also, @Grant Feller has written a very interesting article about micropayments versus free content http://www.forbes.com/sites/grantfeller/2015/08/03/how-micropayments-will-trump-the-foolishness-of-free/
tibdit are in the right space to provide an additional revenue stream.
team tibdit
For two decades, attempts to provide a mechanism for casual online micropayments have failed. Consequently, with no way to monetise granular content directly, advertising, subscription paywalls, and click-bait headlines proliferate. Historically the carriage of printed paper justified bundling vast amounts of content into daily publications. Today, electronic delivery of single items is normal.
The best analyses explain how seemingly-unavoidable cognitive processes overwhelm any value to be had from something worth 'next to nothing'. But tibdit has the solution for a significant number of publishers and consumers of online content and services.
general: email [email protected]
media: email [email protected]
website: email [email protected]
Suite 2, 151 Rye Lane, Peckham,
London SE15 4TL, England, UK.
A well-respected professional solutions architect for over 20 years, designing technical solutions to business problems for a wide array of corporate and other organisations in both New Zealand and the UK, Justin took a career break in 2009 to study towards a degree in maths and physics.
Shortly after returning to the UK in 2013, Justin identified a novel answer to the intransigent 'micropayment problem' that has puzzled online content providers for more than a decade.
After validating with others that the approach was both original and viable, he was compelled to pursue it, and tibdit was born. Justin also set up an early Internet Service Provider in Auckland, New Zealand in 1995 and lessons from that entrepreneurial experience have been taken on board in relation to tibdit.
A priority this time around has been pulling together a great team of great people, all of whom have important skills that are quite different to his own extensive technical expertise. Justin is the CEO and founder of tibdit and expects to continue as CTO once solid growth is achieved.
Pauline brings a wealth of operational and business management experience spanning over 30 years, in both the private and public sectors. From starting her working life as a civil servant, whilst also undertaking higher education at Newcastle College part-time, she moved into the private pension sector in Surrey, before returning to Newcastle to become self-employed in the retail trade. After rejoining the civil service, in the Rural Payments Agency (Intervention Board; as was), Pauline has undertaken a number of diverse roles from handling import/export refund claims, agricultural grants, to auditing claimants, interpretation of EU regulations, managing a team of 85 people and more recently moving to a role as Business Analyst.
Moving into a large IT programme in 2004, she met Justin and began a journey of learning all things logical. This generated a keen interest in technology and after the programme ended, they kept in touch. When Justin explained the proposition for tibdit, Pauline was 'hooked'.
Pauline is the COO and co-founder of tibdit, focussing on people skills, planning, and operational needs
With over 25 years work experience within the retail banking sector in a variety of roles, Jan brings with him significant knowledge and experience of the payments industry. During his tenure for over a decade at payment system integrator Logica he was responsible for several retail banking payment infrastructure projects, including the establishment of a national card payment scheme located in the Middle East.
Following a number of sales and business development and account management roles for various UK software companies, Jan subsequently set up and acted as the operational Head of Payments providing continuous availability transaction processing services for various financial banking institutions in the UK.
Adam is a qualified lawyer and director of Diacle ltd., which provides licensing and compliance support to financial services firms (from consumer credit firms, fund managers, forex brokerages, FinTech businesses, including digital currency start ups).
He also acts as a consultant for Neopay; leading the market in delivering compliance solutions to e-money institutions, payment institutions and related industries.
Passionate about new Finance Tech and Bitcoin, and the creator of London Bitcoin Meetup, Iain brings valuable insight to tibdit. Iain has previously worked in marketing for large enterprises, including the IT industry and has embraced the opportunity to work with a start up from the ground up on something completely new & different. Accredited Microsoft Certified Technology Specialist in Software Asset Management and Volume licensing to organisation.
Michael started his career in investment banking and moved to being an entrepreneur and web developer, where he developed operational experience through to execution and delivery. His first entrepreneurial venture was in eCommerce, with the consecutive launch of two online retail stores, targeting the large North American market.
It was while running and growing these websites that Michael's passion for web development became apparent, and led to him heavily investing time into coding and developing small projects. Michael was attracted to tibdit for its compelling team and vision. He joined us as a Ruby on Rails developer, primarily responsible for building tibdit's online product and future.
Jim is our junior developer and currently in his third year at University as a Software Engineering student. He already has skills in Java programming and IT projects, having delivered an IT asset management system for a tour operator.
He is also studying financial services and hopes to work in the banking industry. Jim is a self-starter with a bright future and an asset to tibdit.
Elena is our apprentice developer, who is passionate about web development, social media and is in crypto currencies.
She has been working on the front-end of tibdit's online product and has brought in a wave of fresh ideas to the team. Elena is also actively involved in the Mozilla community and volunteers for a youth charity.
tibdit has developed a simple WordPress plugin which can be installed via plugins → add new from the administration menu. The plugin makes it very easy for WordPress blog operators to receive tibs through their site.
Within the plugin and the tibdit service, a feature called ‘testmode’ is automatically enabled if a bitcoin testnet address is entered. In testmode, tibbers can purchase valueless tibs with ‘magic’, and subsequently tib you – but of course the testnet bitcoin we then send you is also valueless. It is completely up to you whether you want to configure a testnet bitcoin address, or a ‘mainnet’ bitcoin address.
You do not need to know anything about bitcoin at this stage; providing you keep the private key for the address you generate safe and secure, you can work out how to convert your received tibs into your usual currency, or to spend them as bitcoin, once you have collected sufficient tibs to be motivated to do so.
Collecting microdonations has never been easier, just link to tibdit with your bitcoin address:
<a href='https://tib.tibdit.com/t/YOUR BITCOIN ADDRESS'>
<a href='https://tib.tibdit.com/t/mwDzHePZBs9BxGHHNhWggk2ASUUmEKRuZH'>Donate</a>
If you want more than one tib link on your site, you can add a subreference to identify each one. A subreference could be an article number or filename:
<a href='https://tib.tibdit.com/t/YOUR BITCOIN ADDRESS/YOUR SUBREF FOR THIS LINK'>
<a href='https://tib.tibdit.com/t/mwDzHePZBs9BxGHHNhWggk2ASUUmEKRuZH/P12'>tib the 12th post</a>
You can tell tibdit where to get social-snippet information about your site to present to the user.
<a href='https://tib.tibdit.com/t/YOUR BITCOIN ADDRESS/?snippet_url=YOUR SOCIAL SNIPPET URL'>
<a href='https://tib.tibdit.com/t/mwDzHePZBs9BxGHHNhWggk2ASUUmEKRuZH/?snippet_url=http://joesblog.com'>Donate</a>
You can also easily share your tibdit link on social media, forum posts or anywhere to receive tibs
https://tib.tibdit.com/t/YOUR BITCOIN ADDRESS/?snippet_url=YOUR SOCIAL SNIPPET URL
https://tib.tibdit.com/t/mwDzHePZBs9BxGHHNhWggk2ASUUmEKRuZH/?snippet_url=https://twitter.com/joebloggs
A callback URL enables your site to react when a tib is confirmed. If you provide a callback address, the tibdit window will be redirected to it after the user confirms the tib. A token that you can retrieve and process however you wish is included.
<a href='https://tib.tibdit.com/t/YOUR BITCOIN ADDRESS?callback_url=YOUR CALLBACK URL'>
<a href='https://tib.tibdit.com/t/mwDzHePZBs9BxGHHNhWggk2ASUUmEKRuZH?callback_url=joesblog.com/tibhandler.php'>
The token is base64 and URL encoded query string
http://YOUR SITE ADDRESS/?tibdit=BASE64 ENCODED TIB TOKEN
http://joesblog.com/?tibdit=?tibdit=Y2FsbGJhY2s9aHR0cCUzQSUyRiUyRmpvZXNibG9nLnN0YWdpbmcudGliZGl0LmNvbSUyRiZwYXlhZGRyPW1yVVJkRGIzNDVFaFhOdm03YndEcHBCZG9TZ3hlRFhjNjcmc25pcHBldD1odHRwJTNBJTJGJTJGam9lc2Jsb2cuc3RhZ2luZy50aWJkaXQuY29tJTJGJnN1YnJlZj1qb2UmdGliY291bnQ9MTImdGliY3VzdG9tPQ==
After decoding you can see that the token contains the bitcoin address to be paid, subreference and the number of confirmed tibs going to that bitcoin address for that subreference
payaddr=mwDzHePZBs9BxGHHNhWggk2ASUUmEKRuZH // your blog address
subref=P12 // subreference set by you
tibcount=15 // number of tibs sent to the bitcoin address
You should store your tibcount in order to display it to subsequent visitors
a quick set up guide, styles sheets, images and all the necessary scripts can be downloaded here
The following steps will allow you to integrate a button that changes its appearance once the button has been clicked. Once you've uploaded the tibdit directory to your website, you can get started.
Firstly, we'll need to reference the tibdit scripts in the head
section of the page
<script type="text/javascript" src='tib.js'></script>
<link rel="stylesheet" type="text/css" href="tib-button-style.css">
Then, at the start of the body
section, we need to add some php to detect if the page
has been tibbed and update the tib-counter accordingly.
<?php
$payaddr = "YOUR BITCOIN ADDRESS";
include "tib.php";
processTib( DURATION_SECONDS );
?>
Next to create the tib button by simply copying the code snippet below and pass in a sub-reference and a callback url (the url to return to once the user has tibbed).
<div id='tib-button' class='not-tibbed'
onclick = "tib('<?php echo $payaddr;?>','YOUR_SUBREF','YOUR_URL');">
<span class='count'><?php getCounter($payaddr, 'YOUR_SUBREF'); ?></span>
</div>
...Now we'll need a bit of logic to see if you've been tibbed...
<script>
if(tibbed('YOUR_SUBREF'))
{document.getElementById("tib-button").className += "tibbed";}
</script>
And you're done!
tibdit application is created to detect social snippets to provide the best tibbing experience for the tibber, by displaying the title of the page, description and an image.
You can see that your social snippets are detected using this Meta Inspector tool.
To take full control of these you may want to consider adding the Open Graph protocol social snippet tags that would allow the tibdit application to provide your title, image, and description by adding following before the </head>
tag in the HTML.
<meta property="og:title" content="YOUR TITLE"/>
<meta property="og:image" content="YOUR IMAGE URL"/>
<meta property="og:type" content="website" />
<meta property="og:url" content="YOUR URL" />
<meta property="og:description "content="YOUR DESCRIPTION" />
You are prohibited from using or causing to be used the Services, tibdit, the Website or any of tibdit's intellectual property in relation to the following activities:
We are in the UK, so UK data laws apply.
If we change this policy, the date above will be updated.
When you use tibdit, we collect data so that we can deliver our services to you, and to help us improve our business. Like everyone else, we use cookies to make this easier.
Some of the things we collect are personal. We won’t use this data for marketing, except as anonymised statistics. We won’t let anyone who isn’t working for us use it. We may reveal some things on your behalf when you use our tibbing services, if you have explicitly authorised us; for example, if you want us to update your social media when you tib.
tibdit limited knows that you care about how your personal information is used and shared, and we take your privacy seriously. This Privacy Policy describes how we protect and handle the personal information that you provide to us and thatwe obtain through our tibdit.com website or any of our services (e.g. registered to receive our newsletters, tibbing services etc).
By interacting with Our Services, You acknowledge that You accept the practices outlined in this Privacy Policy.
This Privacy Policy covers our treatment of your personal information that we gather through any of the tibdit services.
tibdit and our services are hosted and operated in the United Kingdom. Your personal data will therefore be transferred to, and processed in, the United Kingdom where the privacy laws may not provide an equivalent level of protection to those in your home country. By using the tibdit services, and providing us with any personal data, you consent to the transfer of your information to, and processing in, the United Kingdom.
We collect information from you in various ways when you use the services. For example, we collect information:
The information we collect may include:
To operate the services we store small data files called cookies on the hard drive of your computer. Among other things, cookies help us improve the services and your experience. If we link cookies to any personally identifying information,we will treat this information as personal information. If you wish to block, erase, or be warned of cookies, please refer toyour browser manufacturer to learn about these functions. However, if you choose to remove or reject cookies, this will restrict our ability to provide you with the services.
We do not use or disclose your personal information except as described in this Policy. In support of these uses, we may use or share your personal information:
We will not use your personal information to send you marketing messages, unless you explicitly ask us to do so.
We may access your personal information if we believe such action is necessary to:
We are committed to protecting the security of your personal information. We use a variety of commercially reasonable security technologies and procedures to help protect your personal information from unauthorized access, use, and disclosure.
Sensitive personal information such as passwords and details of your payment methods is encrypted if stored on our servers.
We know how important it is to keep the information that you have entrusted to us confidential.
We will not rent or sell personal information about you to third parties. We will only share it when this is to provide you with the service you request, or under the circumstances described below.
tibdit may be acquired by another business. With these types of transactions, customer information is typically one of the business assets that would be transferred. Also, if we go out of business, enter bankruptcy, or go through some other change of control, personal information could be one of the assets transferred to or acquired by a third party. We would request any such business entity to honour the terms of this Policy
We will retain your contact information submitted through the services for as long as necessary to respond to your enquiry or support request. You may request to have your account deleted and your contact information removed from our servers by emailing us at [email protected]
This policy may be revised from time to time as we add new features and services, as laws change, and as industry privacy and security best practices evolve. We display a “Last Revised” date in the upper left corner of this policy so that it will be easier for you to know when there has been a change. If we make any material change to this policy regarding use or disclosure of personal information, we will notify you either by providing prominent advance notice on the services or by sending you a notification directly. We encourage you to review this policy periodically to stay informed about how we are helping to protect the personal information that we collect. Small changes or changes that do not significantly affect individual privacy interests may be made at any time and without prior notice. Your continued use of the services constitutes your agreement to this policy and any updates.
We welcome your comments regarding this policy. If you have questions about this policy or believe that we have not adhered to it, please contact our Privacy Officer by email at [email protected].
We need information from you to operate tibdit, you must keep this up-to-date. You are responsible for anything that happens using your tibdit account.
We have no control over tibbees. Please use the reporting feature to draw our attention to anything that concerns you. We do not promise to take any particular action when you report a tibbee.
You warrant that you will not use tibdit for anything on our Prohibited List; we reserve the right to not forward tib payments to any tibbee if we suspect that they are using tibdit for prohibited activities.
We use captcha, rates and limits to prevent suspected restricted or prohibited use.
tibs are converted into bitcoin after you confirm them. There is a variable delay before tibs are disbursed to tibbees; so currency fluctuations can result in the tibbee getting more or less than the value you spend.
Stuff happens, we undertake to try and prevent it, but you accept that we are not liable if things go wrong with your tibs.
Please read these terms of service carefully. By accessing or using tibdit and any content or services provided by us , you agree to be bound by the terms and conditions described herein and all terms incorporated by reference. If you do not agree to all of these terms and conditions, do not use tibdit, our applications, or any services provided by us .
The tibdit site and the service are owned and operated by tibdit limited , a United Kingdom limited company (number 08685681). This applies to your use of tibdit’s service to make donations or payments and are accessed by you under these terms which outline your obligations when using the tibdit service. The service includes, but is not limited to, your use of the tibdit website, tib-enabled sites, including any software that may be added to websites, any services related to the functionality of code, or anything else related to the processing of payments through tibdit’s platform. If you are using tibdit and the services on behalf of an entity, you represent and warrant that you are authorized to accept the terms on such entity’s behalf, and that such entity agrees to indemnify you and tibdit for violations of the terms. Any rights granted to you as a tibber are not carried-over to any use as a tibbee.
We reserve the right to change or modify any of the terms and conditions contained in the terms or any policy or guideline at any time and in our sole discretion. Any changes or modifications will be effective immediately upon us sending an email. Your continued use of the services following the posting of changes or modifications will confirm your acceptance to understand the terms and conditions that apply to your use of the services. If you do not agree to the amended terms, you must stop using the services.
If you have any questions regarding the use of the services, please email us at [email protected]
tibdit helps you make small payments to third parties, as access fees or donations. tibdit is an independent contractor for all purposes, and is not your agent or trustee. tibdit does not have control of, or liability for, any third party content or services provided via the tibdit services. We do not guarantee the identity of any tibber or tibbee, nor does tibdit warrant that a tibber or tibbee will complete a transaction.
In order to take advantage of tibdit services, as a tibber, you must create an account, and provide login credentials and other account information.
We may only require certain information to be provided in certain situations. You agree to maintain and promptly update the registration data, and any other information you provide to tibdit, in order to keep it accurate, current and complete.
You agree to
You are responsible for safeguarding any password or any other credentials that you use to access the services and for any activities or actions under your account. tibdit cannot and will not be liable for any loss or damage arising from your failure to comply with the above.
In connection with your use of tibdit and the services, you agree that you will not:
If tibdit, in its sole discretion, believes that you may have engaged in any restricted or prohibited activities, we may take various actions to protect tibdit, other third parties, or you from liability. The actions we may take include but are not limited to the following:
We may:
For disputes or concerns about specific tibbees or tibs, you should contact the tibbee directly and report it using the tibdit onsite reporting function. tibdit is not responsible for resolving any and all disputes and concerns regarding tibbees use of tibdit services.
You acknowledge that the price for bitcoin is volatile and that the value of bitcoin will fluctuate, and that there will be a delay after your tib value is converted to bitcoin before it is forwarded to the tibbee.
The tibdit name, logos and slogans contained are trademarks of tibdit and its suppliers or licensors. You may not use any name, trademark or product or service name of tibdit without our prior written permission. In addition, the look and feel of the services, including all page headers, custom graphics, button icons and scripts, is the service mark, trademark and/or trade dress of tibdit and may not be copied, imitated or used, in whole or in part, without our prior written permission.
tibdit may grant rights to use our trademarks for specific purposes as notified on the tibdit website.
All other trademarks, registered trademarks, product names and company names or logos made available via the services are the property of their respective owners. Reference to any products, services, processes or other information, by trade name, trademark, manufacturer, supplier, or otherwise does not constitute or imply endorsement, sponsorship or recommendation thereof by us.
Unless otherwise indicated, the services and all content and other materials made available via the services, including, but not limited to, our logo and information, data, software and the selection and arrangement thereof are the proprietary property of tibdit or our licensors or tibbers and are protected by UK, EU, and international copyright laws.
If you are using tibdit software, that we have purposefully made available, then tibdit grants you a revocable, non-exclusive license to use tibdit's software in accordance with the documentation. This license grant includes the software and all updates, upgrades, new versions and replacement software.
You must comply with the implementation and use requirements contained in all tibdit documentation accompanying the tibdit services. If you do not comply with tibdit’s implementation and use requirements, you will be liable for all resulting damages suffered by you, tibdit and third parties. tibdit may change or discontinue any Application Programming Interface (API) upon notice to you. You acknowledge that all rights, title and interest to tibdit’s software are owned by tibdit.
You agree, at your sole expense, to defend, indemnify and hold us, our independent contractors, service providers and consultants, and their respective directors, employees and agents, harmless from and against any and all actual or threatened suits, actions, proceedings (at law or in equity), claims, damages, payments, deficiencies, fines, judgments, settlements, liabilities, losses, costs and expenses (including, but not limited to, reasonable attorney fees, costs, penalties, interest and disbursements) caused by, arising out of, resulting from, attributable to or in any way incidental to: (i) your use of the services; or (ii) your violation of the terms or your violation of the rights of any third party.
The tibdit services are provided "as is" and without any representation of warranty, whether express, implied or statutory. tibdit, and the officers, directors, agents, joint venturers, employees and suppliers of tibdit, specifically disclaim any implied warranties of title, merchantability, fitness for a particular purpose and non-infringement.
tibdit does not have any control over any content or services that are paid for through the services and tibdit cannot ensure that a tibbee you are dealing with will actually complete any transaction or is authorized to do so. tibdit does not guarantee continuous, uninterrupted or secure access to any part of the services, and operation of our site may be interfered with by numerous factors outside of our control.
In so far as the law permits, in no event will tibdit, its directors, members, employees or agents be liable for any direct, special, indirect or consequential damages, or any other damages of any kind, including but not limited to loss of use, loss of profits or loss of data, whether in an action in contract, tort (including but not limited to negligence) or otherwise, arising out of or relating to the content accessed through it, any hyperlinks and/or the services, including but not limited to, any damages caused by or resulting from reliance by a user on any information obtained from tibdit, or that result from mistakes, omissions, interruptions, deletion of files or email, errors, defects, viruses, delays in operation or transmission or any failure of performance, regardless of the cause.
In no event will the aggregate liability of tibdit, whether in contract, warranty, tort (including negligence, whether active, passive or imputed), product liability, strict liability or other theory, arising out of or relating to references to your use of the tibdit services, third party services or content by third parties, any hyperlinks and/or the services exceed any compensation you pay, if any, to tibdit for access to or use of tibdit or the services.
The provisions of the terms, including terms incorporated by reference, are severable. In the event that a provision is found to be illegal, unenforceable or invalid by an arbitrator or court of competent jurisdiction, it will not affect the legality, enforceability or validity of the remaining provisions of the terms.
Where you have used the reporting function to notify us of a complaint, you should note that if you knowingly misrepresent in your notification that tibbable material or activity is infringing, you will be liable for any damages including, but not limited to, costs and lawyers' fees, incurred by us or the alleged infringer as the result of our relying upon such misrepresentation in preventing payment for the material claimed to be infringing.
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tibdit, in its sole discretion, reserves the right to terminate these terms, access to its website, or block or prevent future access to the tibdit services for any reason and at any time upon notice to you, by email, and refund to you of any funds, less any administration costs held in your balance.
tibdit is a London, UK startup closing a long-standing online payments gap, enabling frictionless casual microdonations and micropayments (‘tibs’).
Publishers of online content or services of any size, from tiny to mainstream, can collect tibs as either payments for access, or as tips and gifts.
tibdit is the first to remove completely the cognitive barriers that have led to the failure of many micropayment initiatives. With an original but very simple product, we will capture a large part of this potentially vast, largely untapped market.
There is more content online than ever, but revenue and quality are dropping even as consumption is increasing. Publishers are forced to choose between giving work away for free, smothering it in advertising, or forcing customers to subscribe. In the offline world, tipping and ad-hoc pocket-change value transactions are easy, but despite many attempts, there is still no simple way for online users to casually and tangibly express appreciation for free content, or spontaneously pay for access.
tibdit minimises the technical and cognitive hurdles that inhibit ‘next to nothing’ value transactions. It become a near-instantaneous binary decision. Users set a personal ‘tib value’ (between 3p and 75p) and pre-purchase a bundle (10 to 500) of ‘tibs’ which can only be spent singly. Our model makes it easy for anyone from a hobbyist wanting microdonations to a major publisher taking access micropayments; wherever a ˜15p average payment could be appropriate.
We believe we have a competitive advantage, for the following reasons.
Recipients (‘tibbees’) install the tibdit button, or link to tibdit, on their web pages. Users (‘tibbers’) create an account, set the value of their tibs (typically around 15p or 25¢), and purchase a bundle of 10 or more tibs, using Visa, Mastercard, or bitcoin. Then they start tibbing content providers.
tibdit collects 1.5p per tib paid. The micropayments space is inherently a volume business, and break-even is expected at approximately one million tibbers, tibbing twice per week. This should be a readily achievable goal over two-to-three years. Subsequent natural growth extending to many tens of millions should follow and require less effort.
tibdit's solution naturally includes a powerful incentive-driving viral loop. However, like a two-stroke engine, a significant amount of initial effort will be required to get it running. Except for loyal fans of tibbable sites, only once potential tibbers encounter tib buttons on more than a single site will most consider getting a tibdit account, and purchasing a bundle of tibs.
The immediate focus is therefore on marketing and getting early-adopter tibbees on board, including promotions and giveaways, event attendance, and reaching out directly to smaller potential tibbee organisations such as local and specialist print-publishers.
Our strategy for enhancing viral user growth consists of offering 5 free tibs to new users, and in the medium-term we plan to add a referral programme.
The objective is to demonstrate increasing revenue and other key metrics, ahead of raising growth funds in late 2015.
Our three closest competitors have experienced strong demand in 2014, and have raised substantial funding as a result. Below we explain their respective models, and why we believe the tibdit model is superior.
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Let us explain in more depth exactly why we believe tibdit will surpass its competitors:
These are some points that are useful to know with regards to the Seedrs signup process:
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Patent Pending
US non-provisional
method-of-business
patent application
number 61,938,980