Re:Show HN: WorkOrPay – Set goals, form contracts, pay a pen...
by gnicholas on Sunday April 24, 2022 @11:41AM
(#31145110)
> We do not make anything from the contracts because it seemed wrong to profit from our users failing. We want our incentives to be aligned correctly!
I assumed that the monthly fee was on top of a percentage fee on lost bets, which other platforms charge. You should make this more prominent on the site — aligned incentives are great!
Re:Show HN: WorkOrPay – Set goals, form contracts, pay a pen...
by khromem on Sunday April 24, 2022 @12:17PM
(#31145495)
Good point. Just updated the site to make that clear. Thanks!
Re:Show HN: WorkOrPay – Set goals, form contracts, pay a pen...
by klyrs on Sunday April 24, 2022 @11:57AM
(#31145279)
> We do not make anything from the contracts because it seemed wrong to profit from our users failing.
This is how naive good-meaning founders start evil parasitic businesses that don't realize their true potential until the buyout...
Re:Show HN: WorkOrPay – Set goals, form contracts, pay a pen...
by trhr on Sunday April 24, 2022 @03:18PM
(#31147285)
Since you're allowing people to donate to charities or "anti-charities," you should just allow the user to specify a % fee that goes to you. If I set up a $1,000 contract to go to some Nazi org if I fail, I'd much rather $1 go to the Nazi org and $999 to you.
We make money through a subscription model. We do not make anything from the contracts because it seemed wrong to profit from our users failing. We want our incentives to be aligned correctly!