How are people “pulling” bitcoin?
It’s a push system.
Notifications? Multi-party escrow? Pre-pay sats for X months of subscription?
Discussion
Set up a 2-2 multisig with the service provider and put a broadcast delay on the txn with the duration being the length of time until the next installment?
Broadcast delay? Who’s mempool is that sitting in? What stops an early broadcast? I’m ignorant to a delay otherwise.
CTV seems to fix this. 🤔
You could have the delay be implemented outside the protocol. So the platform of the service provider would have that function, similar to how Nunchuk does their broadcast delay.
agreed, they aren't "pulling" in the traditional sense. just paying upfront by month or whatever period they decide, but obviously have to opt in to do it again in future.
Makes me think of the couple of companies that monitor your subscriptions for you and cancel or w/e. That business model fails on a BTC standard where push is the only option.
ARR going to be a lot harder to forecast if the user base can easily forget to pay up. No more forever subscriptions that don’t get used.
The ARR model has come to the fore because of Wall Street. It’s a requirement of the debt based monetary system to have forever growth and that’s a lot easier on recurring subs rather than large capital expenses.
There would be no need for this on a Bitcoin Standard, we could once again own things rather than perpetually rent them
🤝
Destroy rent seeking unproductive services.