With the implementation of Channel Points, the opportunity for chat interaction and participation has sky-rocketed. To make it even better, allow users to redeem some of the "Channel Point" rewards using bits.

Allow the streamer to create a reward with the option to toggle "Redeem with Channel Points" and "Redeem with Bits" and set the threshold for each. This would give streamers the option create rewards that can be redeemed only with bits, only with channel points, or with either.

This would be entirely community-driven. People are already donating bits to creators, so let those donations affect the stream. It is safe from abuse, because the Channel Points system already has a "Limit how many" option. Right now, there isn't any reason to donate bits besides "I wanted to" but this would allow the community to become more personally involved in every stream and put a real meaning behind the donations that are already occurring.

Something new that "could" be added to bits is when any viewer redeems 1 or more loot with Twitch Prime on any affiliate or partner channel, that channel owner could automatically get 0.15% off bits per viewer who have redeemed 1 or more loot when on that channel. It would take 100 viewers redeeming loot to reach 15% off bits for that specific channel.

The cap of the percentage off bits for the channel owner could be 5%-15%. Once a channel reaches the cap the channel owner could have one-to-two weeks to buy the bits with a percentage off, from viewers redeeming loot on their channel (before it resets to zero).

A lot of streamers support many other channels and it's out of love that people cheer streams, so it could be a good thing to have another way to support your favourite streamer with Twitch Prime by giving the streamer a discount on bits.

:)