TiPS (AKA FedoraCoin) leads a whole new paradigm in the world of cryptocurrency. With a click of a mouse users of the currency can send money anonymously to anyone all over the globe. With FedoraCoin being the largest LiteCoin-backed market right now you can be sure your TiPS will make more of an impact than ever.
After some weeks testing and tuning it we're finally happy to release the TiPS coin mixing service!
Services can be started by (almost) anyone and allow users to anonymize their transactions, ensuring that nobody except themselves and the (trusted) mixing service know where the coins came from.
In return for this service the operator receives a small bursary in the form of a fee added to the mixed transaction, giving the operator a reason to continue.
The original launch announcement and changelog is available here on BitcoinTalk, guides on how to start a mixing service will be available soon.
Wondering why should you start using TiPS? Read on to learn more and find what makes your TiPS count.
TiPS is the symbol for FedoraCoin, an open source, anonymous virtual currency similar to Bitcoin. As an alternative currency TiPS uses peer-to-peer technology (where users computers connect with other users to form the network) to allow payments to be made worldwide with zero or low processing fees. TiPS are traded directly against the value of other digital currencies, requiring only a small conversion fee when converting to another coin.
Since nobody owns or controls FedoraCoin, neither a central authority or a bank, everybody can take part. TiPS owners never pay bank transfer fees, allowing them to send and receiving wealth over the internet securely,anonymously, instantly and free.
TiPS possess real world value for a number of different reasons:
TiPS has quickly positioned itself to become the official 'tipping' currency on the internet. As demand continues to grow for 'tipping' functionality within social media networks, TiPS offers the ideal solution. With a simple 'tip of the hat' TiPS owners can reward a constructive post or project with a coin of actual, verifiable value. It's exciting to imagine what the online community will begin to use TiPS for. Read more about this development here: pay.withfedoraco.in
TiPS differs from other virtual currencies available because it is truly a community project. The main development team is accessible to discuss future enhancements, along with an active community that gives ideas and support on a daily basis.
TiPS has been designed to be more than 'just another virtual currency'. It is not a joke or meme coin, fading in value as soon as it becomes unpopular. Rather, a large total number of coins were intentionally made available to prevent most of the currency ending up in the hands of a few individuals. The TiPS developers have focused intently on positioning it to be the premiere tipping commodity on the internet.
Consider Bitcoin's humble beginnings in 2009, and its role now as a multi billion dollar market capitalization behemoth - TiPS is still in its infant stages but possesses enormous potential.
Of course, much like other virtual currencies TiPS can be generated through 'mining' using commonly available computer parts. This allows people all over the world to take part in a decentralized economy, using coins for tipping, investing, or transferring money across the globe without paying transaction fees or dealing with banks.
There are other ways of gaining TiPS though, if others feel like they may send some TiPS your way, or you could invest yourself into TiPS and buy some from one of the many cryptocurrency exchanges.
To be able to send and receive TiPS, you need the FedoraCoin wallet. The wallet is just what it sounds like: a digital version of the old leather chained wallet, except you can use it to send and receive coins, check your balance at any time and also store addresses to help make sending coins to your friends fast and easy.
The wallet comes with a user-friendly GUI, but if you know how you can choose to use the daemon and RPC instead.
Updated to 0.56 thanks to MystPhysX, you can TIP them at
Now comes with a fancy installer!Download
If you want to stay up to date with the latest changes get it right from the source.Download
It's recommended you verify files you download before using them. All downloads provided by us have an accompanying md5sum file you can download by adding .md5sum to the link.
OS X and *nix users can use the
md5sum command like
md5sum fedoracoin-0.56.tar.gz to find the files hash.
Windows users can install the useful tool HashTab which will give you file hashes from inside the proper ties window.
NOTE: Some people may have issues connecting and syncing with the network, to fix this just add the contents of http://pastebin.com/raw.php?i=MED5H0Me inside your FedoraCoin.conf file (should be at
If you have problems with a "No mixing nodes available" error try going to Help -> Debug Console and type in:
addnode srv1.fedoracoin.net add addnode srv1.fedoracoin.net onetry addnode srv2.fedoracoin.net add addnode srv2.fedoracoin.net onetry
If you're on reddit — we have a small growing subreddit available — the general hub for talk about TiPS is /r/FedoraCoin.
Here's a list of some other, more specialized sub-reddits:
Alternately you can join us on IRC, don't be afraid to talk to us! We're on #TiPS@freenode, a webclient is available at kiwiirc.com
There's new services that use and accept TiPS showing up all the time, from games of chance to mining and generating coins with mining pools, here's a recent listing of a few of them:
It couldn't be easier to TIP your Fedora at a fellow redditor. Just mention
+/u/fedoratips 1000 tips verify in a reply to send that user 1000 TIPS.
To learn more on how to use the Reddit tip-bot, you can read this article.
The bot is being maintained by Woof (a.k.a. /u/Rbech).
When you want to TIP someone on the rest of the internet, the best way to do it is to ask their FedoraCoin address. It's unfortunately not possible to send FedoraCoins to someone without an address yet, but we hope a lot of sites will integrate with w/ Fedoracoin in the future to allow this. If you're a developer and want to help out, someone proposed a system where you could TIP over email.