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Re:Show HN: WorkOrPay – Set goals, form contracts, pay a pen... by khromem on Sunday April 24, 2022 @11:27AM (#31144953)
We are a New York LLC. We're not incorporated at the moment.

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!

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.
Re:Show HN: WorkOrPay – Set goals, form contracts, pay a pen... by zarmin on Sunday April 24, 2022 @03:44PM (#31147601)
Sounds like you'd be more motivated to hit that goal with the payment distribution as is.