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> You can do that by making a smart contract that the payee can only pull X amount from on certain block intervals, and the payer can deposit and withdraw from

by tazu 3y ago

> You can do that by making a smart contract that the payee can only pull X amount from on certain block intervals, and the payer can deposit and withdraw from a often as they like. It would essentially be a checking account. This is super interesting. Has anyone done this?

Zambyte 3y ago
Honestly it's pretty trivial. I haven't tested it (it does at least compile), but I had GPT-4 write a contract for this[0]. Obviously don't use this for anything meaningful, just meant to convey the idea. More features could be added to do things like allow the account creator to add / remove more payees with their own withdrawl rates, allow them to directly transfer to someone besides themselves (analogous to paying with a debit card). [0] https://dpaste.org/NWFbE https://dpaste.org/NWFbE
- belladoreai 3y ago
  > Honestly it's pretty trivial. Literally no artist anywhere has ever received an actual payment from an actual customer with this method (I'm not counting the artist themselves making a test payment). No, if Gumroad bans you, you can't just set up your own crypto smart contracts and make money that way. This is some academic crypto anarchist fantasy.
  - Zambyte 3y ago
    You can look at the code. It's like 50 lines. It is logically trivial. I was replying to a comment that called it "super interesting", which is why I pointed out how trivial it is. > No, if Gumroad bans you, you can't just set up your own crypto smart contracts and make money that way. For no reason other than people don't want to.
    - belladoreai 3y ago
      > For no reason other than people don't want to. You're living in complete fantasy land. There are many reasons people find it hard to make payments in crypto, other than "just don't want to". Again, I'm reiterating the point that artists need to eat food to live, and artists would be happy to set up payments in crypto, if that would lead to them gaining access to food. But it wouldn't, so they won't. > You can look at the code. It's like 50 lines. It is logically trivial Ah yes, the thing I always love to do before purchasing a naughty comic book: code reviews! I just love to read the code that verifies that my $2 purchase of a comic book. I love sweating nervously and verifying that clicking this button will not have unforeseen consequences, such as one where I lose my house because I missed something in code review. wHy dOEsNT evERyONe jUSt uSE crYPtO
      - mattdesl 3y ago
        A lot of artists already are using crypto to accept payments. Look at “crypto art” space as a whole. You don’t need tons of paperwork to set up on and off ramps.
        belladoreai 3y ago
        > A lot of artists already are using crypto to accept payments. Look at “crypto art” space as a whole. You're conflating collectibles, which are purchased for speculative purposes, to the kinds of art which are purchased for consumption. Yes, you can use crypto to build ponzi-like games for digital assets, everybody knows that. The question here is can an artist charge like $5 for a comic book or $10 for a monthly subscription. And the answer to that question is no, not to an extent where they would be able to afford food, which they need in order to continue living. > You don’t need tons of paperwork to set up on and off ramps. I personally needed a passport, a driver's license, and a recent electricity bill. I also needed a mobile phone with video camera, plus a banking connection which is crypto friendly.
        mattdesl 3y ago
        Owning a passport and electricity bill is hardly “paperwork,” lol. If an artist can’t manage to set up a crypto account—or a bank account, which requires the exact same documents—they are probably not in a position to run their own art business. > You're conflating collectibles No—I am talking broadly about artists selling their work through crypto, and some of it does include $5 comics, like Sloth Zine: https://x.com/slothzine/status/1763674161333834057?s=20 https://x.com/slothzine/status/1763674161333834057?s=20

by tazu 3y ago

Zambyte 3y ago

Honestly it's pretty trivial. I haven't tested it (it does at least compile), but I had GPT-4 write a contract for this[0]. Obviously don't use this for anything meaningful, just meant to convey the idea. More features could be added to do things like allow the account creator to add / remove more payees with their own withdrawl rates, allow them to directly transfer to someone besides themselves (analogous to paying with a debit card). [0] https://dpaste.org/NWFbE https://dpaste.org/NWFbE

belladoreai 3y ago
> Honestly it's pretty trivial. Literally no artist anywhere has ever received an actual payment from an actual customer with this method (I'm not counting the artist themselves making a test payment). No, if Gumroad bans you, you can't just set up your own crypto smart contracts and make money that way. This is some academic crypto anarchist fantasy.
- Zambyte 3y ago
  You can look at the code. It's like 50 lines. It is logically trivial. I was replying to a comment that called it "super interesting", which is why I pointed out how trivial it is. > No, if Gumroad bans you, you can't just set up your own crypto smart contracts and make money that way. For no reason other than people don't want to.
  - belladoreai 3y ago
    > For no reason other than people don't want to. You're living in complete fantasy land. There are many reasons people find it hard to make payments in crypto, other than "just don't want to". Again, I'm reiterating the point that artists need to eat food to live, and artists would be happy to set up payments in crypto, if that would lead to them gaining access to food. But it wouldn't, so they won't. > You can look at the code. It's like 50 lines. It is logically trivial Ah yes, the thing I always love to do before purchasing a naughty comic book: code reviews! I just love to read the code that verifies that my $2 purchase of a comic book. I love sweating nervously and verifying that clicking this button will not have unforeseen consequences, such as one where I lose my house because I missed something in code review. wHy dOEsNT evERyONe jUSt uSE crYPtO
    - mattdesl 3y ago
      A lot of artists already are using crypto to accept payments. Look at “crypto art” space as a whole. You don’t need tons of paperwork to set up on and off ramps.
      - belladoreai 3y ago
        > A lot of artists already are using crypto to accept payments. Look at “crypto art” space as a whole. You're conflating collectibles, which are purchased for speculative purposes, to the kinds of art which are purchased for consumption. Yes, you can use crypto to build ponzi-like games for digital assets, everybody knows that. The question here is can an artist charge like $5 for a comic book or $10 for a monthly subscription. And the answer to that question is no, not to an extent where they would be able to afford food, which they need in order to continue living. > You don’t need tons of paperwork to set up on and off ramps. I personally needed a passport, a driver's license, and a recent electricity bill. I also needed a mobile phone with video camera, plus a banking connection which is crypto friendly.
        mattdesl 3y ago
        Owning a passport and electricity bill is hardly “paperwork,” lol. If an artist can’t manage to set up a crypto account—or a bank account, which requires the exact same documents—they are probably not in a position to run their own art business. > You're conflating collectibles No—I am talking broadly about artists selling their work through crypto, and some of it does include $5 comics, like Sloth Zine: https://x.com/slothzine/status/1763674161333834057?s=20 https://x.com/slothzine/status/1763674161333834057?s=20