Changing accounts - An interesting use case for Recurring Transfers

in About PeakD3 years ago

Let's say you're changing accounts and want to move balances.
Recurring Transfers make that an automated system and for all 13 weeks.

  1. Start power down
  2. Make sure you have at least the first week of funds available
  3. Make a transfer "SEND"
  4. Select "Recurring transfer"
  5. Choose the amount of your power down
  6. Choose the weeks remaining on your power down
  7. Choose 7 days

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On the other side there is not a way to auto power up your account but at least the most annoying part is done.

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It seems to me a perfect base to add subscriptions to some accounts with good content, they would be given an amount of monthly Hive in exchange for some kind of special content.

Yes indeed!!

Will there ever be a way to auto power up? I’d be interested in that feature.

You can also do this by setting "Outgoing routes" in https://hivetasks.com/@eddiespino. You can even auto power them up by selecting the "Recieve vests" option.

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All is done with Hive Keychain. I'm currently doing this to send all my HP to @aliento and to pay the delegators.

Useful tool for those caught cheating and have their main account blacklisted.

Ok, jokes aside, thanks Jarvie, it is useful indeed!

Posted Using LeoFinance Beta

That's an interesting case use. I've been wondering how people will use this feature as I didn't see much use for it for myself. Hopefully there will be more ideas in posts as people get creative. 😊

Posted Using LeoFinance Beta

Oh it's an amazing feature that can be unlocked to do a bunch.

  • subscriptions as in payment for a service
  • or something similar to patreon

Basically it can be used as a foundation of paywall content or for other subscriptions

!ENGAGE 20

Posted Using LeoFinance Beta

Yep this feature is really cool. So is there any plan to make like locked content?

Paywall content? Yep it is a hope. We need to first enable conditional recurring transfers then on the other side we need encryption.

But recurring transfers was a foundation for all of this

The future will be interesting!

Nice feature. Any plans on adding USD as an Amount per transfer currency? That way the amount can dynamically change based on current HIVE prices at time of transfer. I know HBD should be able to handle this, but for now it's not 100% pegged. Also, on the HBD route, what if a user chooses to send in HBD, and at the time of transfer doesn't have enough to send. Would you consider adding an automatic HIVE -> HBD conversion to cover the cost?

HBD is the answer ... this means we need to work harder to make it pegged. Support higher APR, support hbdstablizer.