[chriswarbo]

> netflix debits my credit card every month, why would I use a cryptocurrency solution instead?

Presumably you trust Netflix enough to give them your credit card details, and you trust your credit card company enough to pay them when they present you with a list of transactions they claim you made.

That's fine for such big, entrenched players; presumably you wouldn't put as much trust in some unknown, anonymous online entity. (Although presumably trust in Ethereum isn't exactly high right now)

[homogeneous]

I suppose it depends on the product, the merchant, and the cost of the subscription. Certainly, it'd be foolish to give out a credit card to a merchant I do not entirely trust, however, it seems more risky to move cryptocurrency into a contract with a merchant I do not entirely trust (and a contract I probably don't fully understand, even if I take the time to read the code) since a credit card can protect me from fraudulent and erroneous charges that are forfeited if I opt for cryptocurrency.

[gomox]

This might sound funny in light of recent events, but the idea is that a smart contract requires no trust in a 3rd party as the rules are specified within the contract and the Ethereum platform guarantees proper execution of the contract.

[homogeneous]

I understand how it works, I just don't see how it is useful in this instance. How is a smart contract helpful in the case of an online subscription service like netflix? A credit card is less work because I don't have to "refill" the contract every month and it's safer because of the added protection from fraud and erroneous charges that a credit card company guarantees.