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Why do you need smart contracts (besides the additional transaction types that Bitcoin provides) to implement a Patreon? Why can't the website just redistribute
by Erlich_Bachman 8y ago
Why do you need smart contracts (besides the additional transaction types that Bitcoin provides) to implement a Patreon? Why can't the website just redistribute funds, if it is going to be centralized already? (It has to be hosted somewhere, handle user support etc.) What specific functions would you need from a smart contract there? I honestly don't see any.
- ilaksh 8y agoThe distribution is handled by the smart contract.
- Erlich_Bachman 8y agoSo the funds go to one contract address, and the contract distributes them to another address (of the content creator)? What is the point, that is just money transfer, it could be done with bitcoin donation address (and in fact is done that way currently by many creators successfully).