Show HN: Go Freaking Do It – Smart contract for reaching your goals

Re:Show HN: Go Freaking Do It – Smart contract for reaching ... by suanmeiguo on Monday December 04, 2017 @03:13PM (#15846999)

I had the exact same idea years ago. Eventually I found there are some shortage about it so I ditched the idea:

- How to verify people achieved their goal (this website introduces "supervisor" but I'm not sure that's gonna work well)

- You gain nothing from achieving goals, v.s. you lose money if you didn't

- The gain (goal achieved, which can be done without losing money) is much less than lose (lose real money), so no incentive for people to use this service.

This website will face the same challenge.

I'm happy to see there are someone out there having the exact same idea, I hope they can do well sincerely.

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Re:Show HN: Go Freaking Do It – Smart contract for reaching ... by onion2k on Monday December 04, 2017 @04:19PM (#15847613)

You gain nothing from achieving goals, v.s. you lose money if you didn't

One solution to that would be having the app share the money from the losers between all the winners (less a fee for running the app if you wanted to monetize it).

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Re:Show HN: Go Freaking Do It – Smart contract for reaching ... by cableshaft on Monday December 04, 2017 @04:34PM (#15847729)

Then every customer would have a financial incentive to always lie and say they completed their goals.

It's already iffy with the 'lose money if you don't meet them' approach, but if you could actually get a piece of all the users moneys, yeah, you might as well say you're a winner (or only create goals where you can easily win) and game the system.

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Re:Show HN: Go Freaking Do It – Smart contract for reaching ... by onion2k on Monday December 04, 2017 @06:15PM (#15848475)

That's the hard part of the problem, and the bit that makes it worth solving.

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Re:Show HN: Go Freaking Do It – Smart contract for reaching ... by dreeves on Monday December 04, 2017 @04:27PM (#15847669)

You know how the customers who pay the least are the most work? Well this idea creates customers who literally pay a negative amount. My sense from the erstwhile GymPact -- https://blog.beeminder.com/gympact/ -- is that those "customers" tended to be a nightmare.

Hence Beeminder rationalizing just keeping all the money! :)

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Re:Show HN: Go Freaking Do It – Smart contract for reaching ... by supermdguy on Monday December 04, 2017 @04:05PM (#15847511)

I had the same idea too!

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