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I don't see this working. The idea, from my understanding is: (1) Make a contract with yourself on the site and back it with your own cash, (2) If you satisfy
by djm 18y ago
I don't see this working.
The idea, from my understanding is: (1) Make a contract with yourself on the site and back it with your own cash, (2) If you satisfy the contract you keep your money or lose it to a charity etc if you don't, (3) You are trusted to decide whether or not you have satisfied the terms of the contract unless you optionally select a referee (friend etc) to monitor you and report back to the site separately.
If you do not select a referee the contracts are meaningless as you can lie to keep your money if you fail to meet the terms laid out. If you do have a referee then you are probably lucky enough that you would not need this site anyway - just give your friend the money and tell them to donate it to charity if you don't do X, Y and Z.
- jcl 18y agoI don't see it working, either, but mainly because the target audience is small. Sure, you can lie to get your money back, but you would be lying to yourself. For some people, the personal shame is worse than losing the money. Likewise, you could simply set the money aside yourself without involving the service. But, again, for some people, a promise made in public is more binding than one made in private, even if there are no real consequences to breaking the promise. For the portion of the population in both categories, this service could be attractive.