Re: How Bitcoin can provide Subscription Auto Renewal solution

Quote from: hugeblack on Today at 02:30:08 PM

This can be done easily with the custodial wallet, but if you have a non-custodial wallet, you must write a library^[1] or use open source scripts^[2] that have automatic automation of transactions so that the amount of X is sent every first day of the month at 12:00 and thus you can automatically renew your service.

Foxpup did this with @LoyceV's Avatar

Quote from: Foxpup on August 30, 2023, 06:20:10 PM

Two hundred and thirty-second week paid.

Quote from: Foxpup on August 23, 2023, 06:20:04 PM

Two hundred and thirty-first week paid.

[1] https://github.com/ofek/bit
[2] https://electrum.readthedocs.io/en/latest/cmdline.html#how-to-use-the-daemon

Just keep in mind that if you make a mistake in your code and it sends the wrong amount, it would be nearly impossible to fix it. I suspect that some of those cases of enormous transaction fee could be a bug in automated script that mismatched the transaction amount and the fee, or miscalculated the fee.