hi I'm Weston Griffiths so probably a
couple months ago I started learning
like what meta transactions were and how
they worked and we we created something
called a bouncer proxy that kind of lets
you pay the gas for your users and then
there was kind of this moment where we
were thinking what like how could we
make these things replayable there
there's a replay nonce right in there to
keep basically keep you protected from
replay and we were like wait a minute
what if we what if we use that like as a
timestamp that we could set as a period
that you could play over and over again
so we kind of put together a contract
and set up a subscription system where
you sign a meta transaction that says I
would like to send like five died to
this person every month and died is
pretty good for every month right going
back to the maker guys in the POA guys
it's like gonna stay stable it's gonna
you know it's gonna be five dollars a
year from now right there's no price
fluctuation so we basically set up you
sign one meta transaction that says I
want to send five died from this person
to this person and I wanted to replay
and I put that on a secondary relay
network and then I can approve some kind
of upper bound like maybe maybe I'm
gonna give Netflix like a year's worth
of money right so so I'll send you five
dollars a month and then you know I'll
allow some upper bound of like forty
fifty dollars and you do that with just
the ERC 20 tokens standard so so then
that transaction just gets submitted
again and again and the relayer network
pays for it and you you have an
incentive wrapped up in that meta
transaction also kind of like an atomic
swap where when they submit the when
they submit the transaction and they pay
the gas they get rewarded with something
that you set up for them so you kind of
have this incentive layer packed into
your your transaction for them and so
it's kind of like just set it and forget
it right you you sign that transaction
you send it out the the relayer network
and then you approve that upper bound
and it just replays over and over again
and so that was kind of like what led to
a RC 133
seven which is the lead standard but
well it's basically about how to how do
we set up a standard for subscriptions
on the blockchain and and it's a lot
more flexible so the this first
reference implementation we won the
Wyoming hackathon with and then it's
kind of like evolved from there into
like a grant system to firstly I think
grants could use a little work right now
you kind of either get a bunch of money
up front or you get like I'm sorry money
at the end we think it would be way
cooler if we could do it in a recurring
sense and a subscription system would
really work really well with that you
could kind of just say I want to give
this you know multi stick wallet or this
this organization you know a small
amount and like a bunch of us could chip
in right like a patreon of token
subscriptions or something like that and
it that's coming soon but that's
basically all I have if anybody has any
questions or anything about meta
transactions hit me up I would love to
talk about it more the the main thesis
is it's all about abstracting the UX
away from our extra abstracting like the
12 word seed phrase away from the user
at first and then showing it to them
like once they provided value so when
you get to adapt you want to dive in and
use that the depth first right like you
should be able to see the heart of the
content first if it's a music service
you should get in and you should be
posting songs and will pay your gas
while you post those songs like it's
worth it to us for user acquisition to
bring people in but as you get into the
app and you use the app you're gonna so
say you post a song and someone likes it
or since you've taken or something
you're gonna accrue a little bit of
value and then that's it's so much
easier to sell someone on a 12 word seed
phrase once they've accrued that value
right like like if you try to give
someone the 12 word seat phrase upfront
it's like this big nasty thing right but
if you try to give them a 12 word seed
phrase that is protecting something
they've earned like protecting this like
narrative behind its account or even
value then it's a lot easier to sell to
them so word yeah hit me up the lead
standard is
coming out soon subscriptions on the
blockchain meta transactions better ux
ooh word thank you
[Applause]
you