Jeff Garzik [ARCHIVE] on Nostr: 📅 Original date posted:2014-01-28 📝 Original message:Let's keep fund raising ...

📅 Original date posted:2014-01-28
📝 Original message:Let's keep fund raising off this mailing list, please. PS bounties don't
work.


On Tue, Jan 28, 2014 at 1:08 AM, Odinn Cyberguerrilla <
odinn.cyberguerrilla at riseup.net> wrote:

> Greatly appreciate seeing this discussion occur. This is something that
> potentially could be supported through a bounty - possibly a process BIP?
>
> Possibly related: https://gist.github.com/ABISprotocol/8515891
>
> > Yes, recurring payments and subscriptions is a frequently-requested
> > feature. It needs a new BIP. Here is an outline:
> >
> > The situation is somewhat analogous to HTML5 local storage. The remote
> > (merchant) wants to initiate a persistent behavior. This is bitcoin, so
> > we
> > have a "push" model for payment, and the user has complete control. The
> > merchant can, at most, send a "subscription request." The user is
> > responsible for making on-time payments after that point.
> >
> > Centralized services like coinbase.com or blockchain.info will have an
> > easy
> > time of it. An automated program on their backend, sending payments as
> > needed, is easy and direct.
> >
> > More inventive services might employ multisig transactions, generating
> and
> > signing one signature of a TX, then sending that TX to the human for
> > further signing and publishing. A few competing vendors could offer bots
> > that provide this signing service.
> >
> > Decentralized, standalone wallet clients will be somewhat troublesome.
> We
> > can store a local subscription request, and send recurring payments...
> if
> > the wallet app is running. If not, the user will be missing payments,
> > that
> > perhaps they intended to make (rent!).
> >
> > Each of these solutions can be cancelled at any time by the user. As
> > such,
> > a courtesy "subscription cancelled" message sent to the merchant is
> > recommended. User controls the usage of their money at all times, the
> way
> > things should be.
> >
> > And finally, you do not want to make it /too easy/ to send money over and
> > over again. From a human-interface perspective, a textual reminder to
> > send
> > money might be preferred over actual recurring payment automation:
> > reminder
> > email + manual spend inserts a bit of additional human thought and review
> > into the process, with all that entails.
> >
> > --
> > Jeff Garzik
> > Bitcoin core developer and open source evangelist
> > BitPay, Inc. https://bitpay.com/
> >
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> > Bitcoin-development mailing list
> > Bitcoin-development at lists.sourceforge.net
> > https://lists.sourceforge.net/lists/listinfo/bitcoin-development
> >
>
>
>


--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
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