Twitter disables actions on tweets with Substack links

On April 7, users of Twitter were left feeling upset when they discovered that they were unable to engage with tweets that included links to sites hosted on Substack. When trying to like, retweet, or comment to postings that included Substack links, several users reported getting an error message stating that “some actions on this tweet have been disabled by Twitter.” It was noted by several users that the user interface seemed to record their likes or retweets; but, upon closer examination, it did not appear to be counting or showing the interactions.

At this time, it is not possible to tell if the problem is a defect or a feature that was intended to be there. Since April 6, it seems that Twitter has disabled the ability for users of Substack to embed tweets in their posts, which may be connected to the problem. The Substack representative who was asked about the issue did not specify whether they felt the problem was caused by a change in the Twitter API or a bug.

The issue started happening not long after Substack introduced “Notes,” an application for publishing similar to Twitter that some people feel is intended to compete with the bird app. Substack is often seen as a venue in which bloggers of an advanced level may discuss their ideas with groups of users that have similar interests. Substack has been used to a very significant degree, particularly within the crypto community.

This problem arises as a result of multiple recent, unexplained modifications made to Twitter. The site displayed a picture of Doge in lieu of Twitter’s bird emblem for a number of days, while the nonprofit media group National Public Radio (NPR) was labeled as “state media.” A great number of users are now perplexed and doubting Twitter’s motivations as a result of these developments.

Regarding Substack, it is not apparent what Twitter’s goals or objectives are at this time. It’s possible that an effort was made to suppress competition by making it impossible for Twitter users to engage with tweets that include links to Substack, but it might also just be a glitch that needs to be fixed. In any event, users will be keeping a careful watch on both platforms for any more advancements that may occur.

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Twitter Disables Interactions with Substack Links

On April 7, Twitter users on both mobile and web platforms discovered that they were unable to interact with tweets containing links to Substack pages. Many users attempting to like, retweet or reply to posts containing Substack links received an error message indicating that “some actions on this tweet have been disabled by Twitter.” In some cases, users reported that while the interface seemed to register their likes or retweets, these interactions were not being counted or displayed.

At present, it is unclear whether the issue is a bug or an intended feature. However, it is worth noting that on April 6, Twitter appeared to have cut off the ability for Substack users to embed tweets in their posts. According to The Verge, a spokesperson for Substack did not clarify whether they believed the issue involved a change to the Twitter API or a bug. Nonetheless, the inability of Twitter users to interact with tweets containing Substack links seems to have begun around the same time, indicating a likely connection between the two problems.

This development comes in the wake of several recent, mysterious changes to Twitter. For example, the platform recently featured a Doge image in place of Twitter’s bird logo for several days, causing confusion among users. Additionally, the nonprofit media organization National Public Radio (NPR) received a “state media” label, which many people found questionable.

It is also worth noting that Substack announced the launch of “Notes” on April 5, which is a Twitter-like posting application that allows users to share short thoughts and updates. This application can be seen as a potential competitor to Twitter, particularly as Substack is often regarded as a place for expert-level bloggers to share their thoughts with like-minded communities. The crypto community, in particular, has taken advantage of Substack to a relatively large degree.

Given all of these developments, it remains to be seen whether Twitter’s disabling of interactions with Substack links is a temporary bug or a deliberate move to counter competition from Substack. Either way, this issue is likely to be of concern to users who rely on both platforms for networking and community building. As of this writing, there has been no official statement from Twitter or Substack regarding the matter, and it is unclear when a resolution might be forthcoming.

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Square, Twitter, And Substack Are Big First-Movers In Bitcoin Payment Solutions

Both social media giant Twitter and independent online publisher Substack have officially integrated Bitcoin tipping and payment services through third-party partnerships with Strike and OpenNode, respectively.

In the past month both social media giant Twitter and independent online publisher Substack have officially integrated Bitcoin tipping and payment services through third-party partnerships with Strike and OpenNode, respectively.

The platforms, serving a combined 350 million monthly active users, have both opted to offer Bitcoin and Lightning optimized API solutions.

Twitter and Substack’s Bitcoin integrations were announced and delivered just as El Salvador became the first country to make Bitcoin legal tender. Many merchants in that nation now accept payment for goods and services in Bitcoin. From a game theoretical perspective, that nation has a first-mover advantage.

Importantly, after El Salvador made Bitcoin legal tender, the game-theoretic prisoner’s dilemma of national Bitcoin adoption was initiated in global geopolitics. Famous whistleblower Edward Snowden highlighted that Bitcoin favors those that adopt it early, thereby putting pressure on other nations, which will be penalized for being laggards.

The same model holds true at all scales. Substack and Twitter have chosen to remain competitive by adopting Bitcoin payment solutions. Although it is still unclear why they have not yet added Bitcoin to their balance sheets. The hold up is likely due to bureaucratic logistics, rather than an express preference to hold zero Bitcoin.

In any case, likely soon the first major social media platform will buy Bitcoin to hold in reserve. Square, Twitter, and Substack’s Bitcoin payment solutions give them a first-mover advantage in that space. They have indicated an understanding of Bitcoin and clearly value it as technology.

Over time, as these companies add Bitcoin to their balance sheets, yield enormous profits denominated in fiat terms, and carry out seamless, instantaneous, commission-less cross-border payment solutions with lightning integrations, it will elicit responses in the form of Bitcoin products and payment solutions from the world’s mega-companies, such as Apple, Microsoft, Google, Amazon, and Facebook. (It is worth noting that Bitcoin is fast encroaching on the market caps of all of these companies.) 

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Bitcoin’s terminal scarcity rewards early adopters, but punishes laggards. Companies, nations, and individuals at any level would do well to start accumulating Bitcoin on any scale possible, because if Bitcoin’s past price appreciation history holds true, it will only become more expensive as demand rises and supply deflates. The longer an entity waits to accumulate, the higher fiat price they get in at, the more Bitcoin they’ve missed out on accumulating that will remain in the hands of the diligent or those who chose to act first.

It is only a matter of time before companies realize that every Bitcoin MicroStrategy owns is one they probably never will. Late comers to the Bitcoin game will not be able to afford to play. They will be completely out-resourced and priced out of their respective market, losing their market share to the up-and-comers who embraced the soundest money, energy, and property in the world.

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Substack Plans to Start Accepting Bitcoin Payment for Digital Subscriptions

Substack online publishing platform has revealed that it will start accepting Bitcoin as a payment method for a select number of its publications.

The New York-based online publishing platform has partnered with Bitcoin payments processor company OpenNode to enable the new program.

OpenNode announced on Monday, August 23, that it had integrated its API to allow both on-chain and Lightning payments on the Substack platform. While OpenNode will use the Lightning Network to process faster payments, another option will be to make payments “on-chain” without Lightning.

The Lightning Network allows faster transaction times and lowers the costs of such transactions by skirting the main Bitcoin blockchain. Substack recognised the network as making faster payments than credit cards.

Substack’s over 500,000 paying subscribers will be able to pay using Bitcoin through the Lightning or on-chain payment networks.

Substack, which prominent investors, including Andreessen Horowitz, will begin enabling Bitcoin payments – starting with select crypto publications—as a form of payment for those publications’ subscribers worldwide. The company said that it would explore the broader availability of Bitcoin payments depending on feedback and demand.

People use Substack to launch newsletters covering everything from cryptocurrency to comic books. Although some Substack newsletters are free, the platform allows writers to set up subscription publications and charge readers for consuming content.

João Almeida, co-founder and CTO at OpenNode, talked about the new development and said:

“Our partnership will allow content creators across the Substack ecosystem to accept Bitcoin payments and retain earnings in bitcoin or convert to preferred currency. Writers and podcasters have flocked to Substack to regain creative and financial freedom, and bitcoin is a natural fit.”

Bitcoin Gains Popularity

The move by Substack signals a rising interest in cryptocurrency from publications.

In April, TIME Magazine allowed readers to buy its digital subscriptions with Bitcoin and other 31 cryptocurrencies. TIME partnered with Crypto.com to facilitate the initiative.  

During that time, TIME’s Chief Technology Officer, Bharat Krish, stated that accepting cryptocurrency as a payment method came from TIME’s digital transformation commitment to embrace new technologies and working closely with innovative firms like Crypto.com to bring its ideas into fruition.

Bitcoin is becoming an increasingly popular payment option among several firms across many industries, allowing customers to use crypto as an official payment method for their goods and services.

Image source: Shutterstock

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Publishing platform Substack now accepts Bitcoin payments

An integration with payment processor OpenNode will allow content platform Substack to accept Bitcoin payments on-chain and using the Lightning Network.

In a Monday announcement, OpenNode said it had partnered with Substack “to make it easy for writers and publications to get paid in Bitcoin.” According to OpenNode and Substack, the integration will only be available to “a select group of crypto-focused publications” on the platform.

The publishing platform, which allows writers to send their work directly to readers, has more than 500,000 paid subscribers, with the most popular writers reportedly earning more than six figures annually. The select Substack readers will be able to pay for their subscriptions in Bitcoin (BTC), with certain publications allowed to keep their earnings in crypto as well.

Substack product designer Nick Inzucch hinted that the platform could later expand its crypto payment offering to other writers in an effort to give them “more flexibility and freedom.” A number of prominent figures in the crypto space currently publish using Substack, including analyst Willy Woo and Kraken growth lead Dan Held.

Related: Second largest US mortgage lender will accept crypto payments this year

Founded in 2017, Substack is backed by venture capital firms Andreessen Horowitz, Y Combinator, Fifty Years, and others. After a March funding round led by Andreesen Horowitz, the platform reportedly has a valuation of roughly $650 million.