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A comment on Launch HN: Yotta Savings (YC S20) – Behavioral psychology to help people save. Parent comment

Re:Launch HN: Yotta Savings (YC S20) – Behavioral psychology... by lukevp on Thursday July 09, 2020 @01:40PM (#23782796)
It’s common knowledge that jackpots have an annuity or a lesser lump sum, that’s how lotteries work already. This is really just a way to gamify savings as a lottery, I think it’s a great idea and may sign up. I have a really low yield savings account right now anyway and was planning to sign up for an online high yield account.
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Re:Launch HN: Yotta Savings (YC S20) – Behavioral psychology... by alexbanks on Thursday July 09, 2020 @02:16PM (#23783272)
You're talking about lotteries. I'm talking about savings accounts. My point is that savings accounts should be held to a higher standard, because obviously.
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Re:Launch HN: Yotta Savings (YC S20) – Behavioral psychology... by Ahwleung on Friday July 10, 2020 @07:44PM (#23797959)
But this product is literally a savings account with a lottery attached to it. Why would you not use the terminology/methods used by the lottery industry when describing the lottery aspects of the account?
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Re:Launch HN: Yotta Savings (YC S20) – Behavioral psychology... by alexbanks on Saturday July 11, 2020 @06:23PM (#23806664)
If you do not understand, I cannot help you.
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Re:Launch HN: Yotta Savings (YC S20) – Behavioral psychology... by CJefferson on Thursday July 09, 2020 @02:07PM (#23783160)
Yes, but here you can't get the annuity. You can only the lesser lump sum, which after taxes won't be enough to get the annuity.
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