The channel in my example only needs to be opened with one month’s pay, not 6 years worth. The same initial balance goes repeatedly goes back and forth across the channel as it is paid and spent.
You’re assuming that all funds are spent every month. Like, January 31st the balance is 0. That won’t work. I guess you’ll just have to discuss with your employer how much you want to save vs how much you want to spend, just so they can fill the channel properly. Exactly what my employer’s business is. You know what’s great, too, about having a shared escrow with my employer that they put my money in? They know how much I spend. Not what people like. Easy to avoid though: just use a third arbitrator that manages the channel for that scenario. And bam, we’re back with banks and PayPal. Lol, it’s such a dumb system…
You’re assuming that all funds are spent every month. Like, January 31st the balance is 0. That won’t work. I guess you’ll just have to discuss with your employer how much you want to save vs how much you want to spend, just so they can fill the channel properly. Exactly what my employer’s business is. You know what’s great, too, about having a shared escrow with my employer that they put my money in? They know how much I spend. Not what people like. Easy to avoid though: just use a third arbitrator that manages the channel for that scenario. And bam, we’re back with banks and PayPal. Lol, it’s such a dumb system…