Re:Patreon cuts deep inside creators’ pockets
by KallDrexx on Saturday June 18, 2022 @10:09PM
(#31795502)
That only works if all "input parameters" involved in the transaction are verifyably on chain. If I'm buying a physical good with crypto there's no way you can write a smart contract that verifies I did indeed get the good I paid for. Oracles don't count because that's just kicking the can to a different level (how do I dispute the oracle saying something happened that didn't).
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Re:Patreon cuts deep inside creators’ pockets
by compuguy on Sunday June 19, 2022 @07:49PM
(#31804690)
Exactly. On top of that and the high transaction fees, it's more complicated to do a Patreon like service with Crypto than just work with the imperfect financial systems we have now....
Re:Patreon cuts deep inside creators’ pockets
by tatertots1234 on Monday June 20, 2022 @08:53AM
(#31809759)
It’s really not that hard to build a Patreon style service on crypto and web3. It’s also far easier to build a new payment processing platform on crypto than it is to build an alternative to PayPal or Stripe.
Re:Patreon cuts deep inside creators’ pockets
by tatertots1234 on Sunday June 19, 2022 @03:18AM
(#31797014)
Many Patreon payments are simple donations, or gated access to digital media. These can be achieved with smart contract functionality to mitigate the need for costly payment processing.
Re:Patreon cuts deep inside creators’ pockets
by compuguy on Sunday June 19, 2022 @07:46PM
(#31804669)
Yes though I would point out that smart contracts require some knowledge of coding knowledge to implement....
Re:Patreon cuts deep inside creators’ pockets
by tatertots1234 on Monday June 20, 2022 @07:02AM
(#31808804)
Yes, a theoretical crypto-Patreon would have to be coded in Solidity and frontend interfaces built around it for the web. This might be OSS or just a private enterprise.
But the users of this platform do not need to know how to code.