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/ > ------------------------------------------------------------------------------ > WatchGuard Dimension instantly turns raw network data into actionable > security intelligence. It gives you real-time visual feedback on key > security issues and trends. Skip the complicated setup - simply import > a virtual appliance and go from zero to informed in seconds. > http://pubads.g.doubleclick.net/gampad/clk?id=123612991&iu=/4140/ostg.clktrk_______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > ------------------------------------------------------------------------------ WatchGuard Dimension instantly turns raw network data into actionable security intelligence. It gives you real-time visual feedback on key security issues and trends. Skip the complicated setup - simply import a virtual appliance and go from zero to informed in seconds. http://pubads.g.doubleclick.net/gampad/clk?id=123612991&iu=/4140/ostg.clktrk _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
