Vitalik Buterin on Warpcast

Vitalik Buterin pfp

Vitalik Buterin

https://x.com/linakhanFTC/status/1823094653962289640 This seems good but there was a much easier way to accomplish this objective: payment interfaces should have been designed from the start to make subscriptions one-click cancellable from the user interface. Like, you should be able to go into your banking UI, see all active subscriptions, and one-click cancel any of them. From that point, it's the service's responsibility to stop providing you service. One benefit of crypto is that if you try to make a subscription system on top of it, you pretty much *have to* do it that way.

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Paul Grewal pfp

Yes. Lock in as a design feature is never about the user or customer.

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Nicholas Charriere pfp

Nicholas Charriere

In JavaScript, we call this an abortSignal

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Gwynne Michele pfp

@thecurioushermit

It's skeezy corporate tactics designed to keep us so frustrated with cancelling that we just don't. And it wouldn't be hard to change it - it's a deliberate feature of corporate subscription systems, not a bug.

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EleniThinks pfp

I think the problem is your bank has no idea if the thing you bought is a coffee (one-time) or a monthly coffee club subscription. It has to get this data from the Merchant. It's a communication / data problem. Crypto 100% can solve this! But i think how isn't immediately clear: Crypto unlocks the ability to easily revoke your approval - you don't even need to officially cancel, you can just take away the ability to ever charge your wallet. But unless the item is publicly tagged on-chain, its still up to the purchaser to know what she bought (a wallet explorer can't easily show it to you). What you then need, and crypto is the perfect solution for, is a general purpose network that can store the tx context (i.e. this is a subscription), encrypt it for privacy & allow the user to control & forever access that data so it knows which authorization to revoke.

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Kieran Daniels 🎩 pfp

Kieran Daniels 🎩

If only there was a some sort of distributed and decentralized payment layer… :)

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Mac Budkowski ᵏ pfp

Mac Budkowski ᵏ

This is how it works in Google Play - I can cancel all my subscriptions with one click

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cav4lier.base.eth pfp

cav4lier.base.eth

@superfluid solve this 👍

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Miguelgarest pfp

@miguelgarest.eth

The current way is just ridiculous. You can subscribe to anything and it takes one second for the companies to take your money, the other way around can take months sometimes. We need trustless systems

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Catch0x22 pfp

bullish decentralised networks

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Shah📜 pfp

numba is about to go up so hard

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Mike Hall pfp

Revolut allows this. I’m not affiliated, just a user.

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Andrej Muzevic pfp

My bank sort of does it for me by blacklisting apple semi regularly. Suggested workaround is to guess when the subscription will try to process the payment and have the one hour window set for the time. I kid you not. Other option is to cancel all protection, but that means no recovery or insurance. We need crypto.

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Jackson 🎩🍖 pfp

Jackson 🎩🍖

Digital banks will increasingly offer disposable digital cards that solve this problem on the customer side Just delete the card. Can already do this with some

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Lisa bell 🎩 pfp

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Kaido pfp

I get your point Technology is about making life easier If we have that it also makes it easy for you to know your running subscriptions

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Amara pfp

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WOO🎩 pfp

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Refan pfp

yep Crypto technology makes that easy, as well as transparent

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Caira.degen.eth🎩🎭ツ pfp

Caira.degen.eth🎩🎭ツ

Thanks for sharing this one Vitalik

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