Automated paying process

[1337leet]

Hey guys,

let's say I have developed a software for trading bitcoin (on exchanges like poloniex).

I don't wanna "sell" the software but I wanna raise a fee on profits the user made.

I want this fee to be send to me automatically.

1. Is this possible in any way?
2. How would you solve this issue?


I know some exchanges allow withdrawls in their API - but most of them have e-mail verification first, which means it can't be automated.

[pedrog]

You need to have total control over users account, if your system gets compromise your users' accounts can/will be emptied.

I'll predict no one will use your service, it's just another possibility to lost coins at an exchange.

[1337leet]

All right. I thaught this would be the answer...

Would you use the service if the software is blocked until you did transfer the BTC manually?

[pedrog]

I can't see how that will solve the problem.

I get that it would be a better way to get paid and much more appealing to users, but the security implications are huge, plus the exchange may not offer such option over API because security.

You may, however, implement a subscription based system and the cost of the subscription is calculated based on account profit, although user might decide not to pay at the end of the billing cycle...

[1337leet]

Yes.. I'm not a charity... so if I create such a bot.. then I wanna make profit.
But I hate to pay a static price for a software that I haven't ever seen or used.. that's why I don't want to sell my software in the traditional way...
I want something fair and new.... like a fee on the profit..

[pedrog]

Go SaaS, fee is calculated based on account profit, if user does not pay in the end of the cycle account gets frozen, access only restored when bill is paid...

If your software is good enough this might work.

[1337leet]

Go SaaS, fee is calculated based on account profit, if user does not pay in the end of the cycle account gets frozen, access only restored when bill is paid...

If your software is good enough this might work.

That was my proposal before

The software will be very good. I still am developing it - it will be the first fully automated tradingbot with A.I.

[Jet Cash]

Are you going to share the losses?

[1337leet]

Are you going to share the losses?

Which losses?

[mkc]

Make your software requires a license key, which expires every month or week.
You can assign a unique btc address to a user,if some amount show up in that address, then you sent the user a new key (this can be automated) so that user can use your software for another month or so.

If the software can automatically check key from a cloud locaton, yes this can be automated...

[Patatas]

This seems fairly simple.Could be easily achieved if you write a simple C++ console app or Java app using QT.Access the API of the exchanges (they allow in most cases),parse the data on the console or in your UI.Use other API to send and receive bitcoin payments ,modify the script a little bit so that whenever transaction happens,  a service fee is charged along with the transaction amount.Like blockchain.info does,you can only allow them to withdraw the amounts if they have enough money to pay for the service fees.