Bitcoin Forum
November 20, 2017, 06:48:54 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Automatic payments with bitcoin?  (Read 2999 times)
Yuhfhrh
Full Member
***
Offline Offline

Activity: 238



View Profile
May 04, 2012, 09:41:42 PM
 #1

Hi everyone I've set up my bitcoin wallet and everything, but I'm wondering why there seems no way to send an automatic payment through the wallet. Example: 1 BTC to 16exchJU1UCJcSkNEyBxzZfbZpA4189Bmt per month.

Why is this not implemented in the standard bitcoin wallet? I was considering accepting bitcoins for my business, but without this how do customers make regular payments easily?
1511160534
Hero Member
*
Offline Offline

Posts: 1511160534

View Profile Personal Message (Offline)

Ignore
1511160534
Reply with quote  #2

1511160534
Report to moderator
1511160534
Hero Member
*
Offline Offline

Posts: 1511160534

View Profile Personal Message (Offline)

Ignore
1511160534
Reply with quote  #2

1511160534
Report to moderator
Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511160534
Hero Member
*
Offline Offline

Posts: 1511160534

View Profile Personal Message (Offline)

Ignore
1511160534
Reply with quote  #2

1511160534
Report to moderator
1511160534
Hero Member
*
Offline Offline

Posts: 1511160534

View Profile Personal Message (Offline)

Ignore
1511160534
Reply with quote  #2

1511160534
Report to moderator
someguy123
Sr. Member
****
Offline Offline

Activity: 335


PHP Coder, Bitcoin enthusiast, Litecointalk admin


View Profile WWW
May 04, 2012, 09:47:12 PM
 #2

At the moment, most pay-monthly or pay-annually services use invoices, and warn their users via e-mail or other methods several days before their payment is due, then they can deposit the appropriate amount of BTC in their account on site, before the payment is due.
At the moment, there is no pay monthly option in the Bitcoin client, most likely because it's not on the top priorities. There's also many flaws in the design, for example if you accidentally left it paying 1BTC every month to 1blablabla, and suddenly the payment address changed, the Bitcoins would be lost (or scooped up into the owners personal funds rather than your own).
There may be certain escrow services that allow pay-monthly sort-of automation, although I haven't used any so I don't know of any examples that do so.

1SoMGuYknDgyYypJPVVKE2teHBN4HDAh3
Administrator/owner of LTC Forum | LTC Block Explorer | Someguy123 Web Development
Jambo
Newbie
*
Offline Offline

Activity: 24


View Profile WWW
May 05, 2012, 05:33:30 AM
 #3

It could be easily done by writing a short script that first runs the client as a server, then sends the BTC with the sendfrom or sendtoaddress command and then shuts down the server with the stop command. And it would execute once a month.

Owner of CsDeals.com & KeyVendor.net
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!