The credit-card style recurring payments are certainly not what clients want. With Bitcoin we can do better. We could have Bitcoin wallets that do payments upon request from authorized entities where the user sees:
* Spotify may pull up to $15/month
* Uber may pull up to $100 per transaction, $100 per day, $300 per month
* ...
And that wallet should:
* Show a notification when limits get exceeded: Uber requested $12, exceeding your $300/month limit by $5. Do you want to increase the limit to $305, allow only this payment now or decline this payment
* Suggest lowering limits if not used: Spotify hasn't requested payments in 3 months. Allowance removed. Click to undo.
* Permit to manually change or remove allowances.
Payments would still be push payments but the payer would be in control. No bogus charges where you have no idea who did them. No hours on some hotline to get your subscription canceled. Etc.
Leo Wandersleb
npub1gm…78rf6
2023-10-12 02:13:37
in reply to nevent1q…f047
Author Public Key
npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6Published at
2023-10-12 02:13:37Event JSON
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"created_at": 1697076817,
"kind": 1,
"tags": [
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"content": "The credit-card style recurring payments are certainly not what clients want. With Bitcoin we can do better. We could have Bitcoin wallets that do payments upon request from authorized entities where the user sees:\n\n* Spotify may pull up to $15/month\n* Uber may pull up to $100 per transaction, $100 per day, $300 per month\n* ...\n\nAnd that wallet should:\n\n* Show a notification when limits get exceeded: Uber requested $12, exceeding your $300/month limit by $5. Do you want to increase the limit to $305, allow only this payment now or decline this payment\n* Suggest lowering limits if not used: Spotify hasn't requested payments in 3 months. Allowance removed. Click to undo.\n* Permit to manually change or remove allowances.\n\nPayments would still be push payments but the payer would be in control. No bogus charges where you have no idea who did them. No hours on some hotline to get your subscription canceled. Etc.",
"sig": "071b5adc70607dfcb5c5bdf3b4a18515616f465f672c408feacb2a891215babb6b09c70fe77ce90bf8633f0364ec759b1843b7df26de259b5190a99d70f2ed88"
}