bsips icon indicating copy to clipboard operation
bsips copied to clipboard

Initial draft of recurring monthly withdrawals

Open TheTaconator opened this issue 7 years ago • 5 comments

Draft of recurring monthly withdrawals in response request for BSIP

TheTaconator avatar Aug 15 '18 15:08 TheTaconator

It popped up in Telegram that including an auto-payment feature would be nice to have for withdrawal feature. Meaning: Automatically transfer the maximum amount for each period to the configured receiver.

What do you think?

sschiessl-bcp avatar Sep 14 '18 09:09 sschiessl-bcp

This would require additional processing on-chain. I don't see a significant advantage for users - recipients have to check for incoming funds anyway.

Can someone check how often withdrawals have been used yet? We should keep an eye on the cost/benefit ratio of these things.

pmconrad avatar Sep 14 '18 14:09 pmconrad

@pmconrad One review of the blockchain operations through June 2018 indicates

  • 17 withdraw permission create (Operation 26)
  • 0 withdraw permission update (Operation 27)
  • 0 withdraw permission claim (Operation 28)
  • 0 withdraw permission delete (Operation 29)

TheTaconator avatar Oct 15 '18 12:10 TheTaconator

This would require additional processing on-chain. I don't see a significant advantage for users - recipients have to check for incoming funds anyway.

I agree with this. Since the software does not have an architecture to process "stuff" on a timed basis (except for maintenance interval), I would also prefer not to automate things too much.

One of the design principles, originally, was to have actions explicitly executed.

Hence, we could as well do similar to vesting balances in that balances accumulate according to some rule (e.g. unit-step function with monthly reset) and then let users explicitly claim.

xeroc avatar Oct 16 '18 09:10 xeroc

Is anybody still working on this?

pmconrad avatar Apr 24 '19 14:04 pmconrad