Quote:
Originally Posted by Nitzer Ebb
Yes, I am still confused how they figure out bitcoin payments since my address changes after each payment received. From what I understand, they have internal wallet A tied to my actual bitcoin address and some sort of minimum amount they collect. Then they make a payment to me. After that, I'm lost how they know my next address for payments? Any idea?
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For bitcoin recurring payments to work, but still keep the benefits of being your own bank, and trustless permissionless transactions, the monthly fee must be made manually, not automatically, the only way to do this automatically (that i can think of) is if you kept a sort of hot wallet and the 3rd party had full access to pulling from that, which is a huge no-no if you're interested in keeping your funds safe.