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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
by khromem 4y ago
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!
- gnicholas 4y ago> 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!
- khromem 4y agoGood point. Just updated the site to make that clear. Thanks!
- klyrs 4y ago> 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...
- trhr 4y agoSince 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.
- zarmin 4y agoSounds like you'd be more motivated to hit that goal with the payment distribution as is.