Colin
@colin
TIL Patreon's estimated revenue in 2021 is $160m, and Substack's is $11.9m. Anecdotal but I don't know anyone using Patreon yet know tons on Substack. Would have assumed less of a delta.
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Colin
@colin
Yeah, take rates do seem to be high for these platforms. Crypto should help with this imo. Crypto recurring subscription on some L2 = ultra cheap gas, no intermediaries, and small take rate depending on platform implementation
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ken
@kenergy.eth
Is there a good solution for recurring billing with crypto yet? My understanding is that automatic payments were difficult because each automatic payment has to be signed by the wallet
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Colin
@colin
Both Unlock and @loopcrypto provide solutions where buyers can authorize once and get crypto periodically withdrawn every N days. Great UX imo compared to what was previously possible. Keep an eye on Paragraph in the next few weeks to see it in action :)
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