Paul Berg pfp
Paul Berg
@prberg
Why have subscriptions (i.e., recurring payments) not taken off in web3?
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Vladyslav Dalechyn pfp
Vladyslav Dalechyn
@dalechyn.eth
probably because it's a bit more complex to implement vs a single-shot payment. i.e. USDC.approve (what's a good considerable value, monthly payment * 12?); then a service must trigger transferFrom from an address(es). not that complex but I think it's much rather more mental then a technical limitation.
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abram pfp
abram
@abram
My sense is there just aren't that many user experiences with traction that need subscriptions right now. /hypersub is working, and it's coming from a user problem/product perspective, not a tech/infra angle. Subscriptions feel inevitable, but IMO are downstream of product demand, which there just isn't a lot of rn
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Juli šŸŽ©ā†‘ pfp
Juli šŸŽ©ā†‘
@juli
Seems hypersubs of artists are now a thing. Subbing to alpha channels makes somewhat sense too. But imo subscriptions in web2 are also not the preferred user choice (they are for b2c companies though) and have to offer a lot of value to be worth it. B2B in web 2 is a no-brainer for SaaS.
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yangwao ā†‘ pfp
yangwao ā†‘
@yangwao
We don't have enough DCA into crypto on-ramps? Name 3 which aren't gated KYC above 50usd
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eric.base.eth šŸ”µ pfp
eric.base.eth šŸ”µ
@ericbrown.eth
I think that a set subscription price is trivial to implement, but usage based subscriptions are technically challenging to implement as you introduce a source of trust that defines the usage in each period. Making this source of trust sufficiently secure, esp when that source is offchain, requires novel design
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Thracian pfp
Thracian
@thracian
Why have them removed?
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Decent DAO pfp
Decent DAO
@decentdao
@sablier is a great choice. @superfluid option too but you need to wrap in their contracts
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Dry Tortuga pfp
Dry Tortuga
@dry-tortuga
it'd be really nice to have subscriptions that are automatically paid for by my staking rewards across various chains
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Yusuff pfp
Yusuff
@hysolac
$FCKN cool
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DeFinn pfp
DeFinn
@definn.eth
This is a loooong discussion. I remember trying to integrate a project called Request like 5 years ago. The problem is that the payment is not guaranteed unless you stake it. So advanced payment makes more sense.
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Cigeza pfp
Cigeza
@cigeza
Hard to implement compared to traditional finance systems, providing access to your wallet is tricky, payments are not reversible. Automation with smart contracts would require a transaction from the user in most cases. Smart wallets might provide a solution
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Juli šŸŽ©ā†‘ pfp
Juli šŸŽ©ā†‘
@juli
Which good products offered subs?
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