Finish Resolutions!

Finish goals an get up to $200. Fail, and you'll pay!

#1 Product of the DayJanuary 08, 2020
Finish Resolutions! lets you sign a commitment contract. If you fail to complete your goals, you will pay the price. If you complete them, you will get up to $200! FR! let's you stay accountable and motivated. A not for profit project with a goal to help!
Discussion
Would you recommend this product?
3 Reviews5.0/5
I read that the participant can also be their own supervisor, so people can register with fake goals and mark them as reached effectively stealing the bonuses, or am I missing something?
@saverio_murgia1 And to add onto that, Paypal is really ill-suited for something like this or really anything not involving the exchange of money for goods and possibly services. They are not a bank and your deposits aren't secured, and for that matter their purchase protection policies are very much built with the purchaser in mind and may subject you to chargebacks and frozen accounts, with very little recourse to you. There also needs to be a lot of compliance work as to how this works so that it actually is legal in all jurisdictions because every time you have people putting money into a pool and have some of the deposits cover other parts of returns... it gets my lawyer senses tingling, that's all. I don't want to be a killjoy but it's probably better for me to be that instead of some entity that has control over your money doing that, I think.
Maker
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@saverio_murgia1 I was considering different options for few days, when I was working on this, but eventually decided against hardcore solutions. If someone wants to do it, requirement of adding different email won't stop him... This is a New Year side project. A way to fulfil my New Years resolution of creating free service that will help others. If out of 30 people, 25 will be genuine, then I will call it a success! I also wanted to think about people, that have limited access to friends or family, or the ones that have very personal resolutions. I did not want to alienate them. Still though - a small project for greater good, for a good start in to 2020!
Maker
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@saverio_murgia1 @jim_zhou Thank for the reply. This is just a small project, a non-profit also. As stated by our TOS, the fee is paid for a "service" of keeping track of unfinished Resolutions. When the resolution is fulfilled, the money is then refunded to the "buyer". As of "Bonus" - this goes from my personal account (as mentioned, there is $6K reserved to accommodate that). So the money won't get mixed. If there will be anything left from the Resolutions by the end of the year, I will simply donate that. While this is a short-term, simple project, this part I have pretty well planned. One more thing - I have recently been upgraded due to my above the average stats on my PP account. Since I have quite a volume on my account, the deposits won't make changes to it. I have been with PayPal for a decade, I quite often talk to them on the phone, asked them about an increased refund rate for a service I want to offer and they were "no worries, your account have great standings, refunds won't affect it at all"). I was thinking about running this based on Bitcoin, Wires, Stripe, but all those solutions are either a real hassle or expensive (transaction fees and refund fees). There is one other major (for-profit though) company, that do similar thing, and they have been around since 2014... No matter what happens, with PP deposits are always secure.
@saverio_murgia1 @mrbartboch Hey, I'm not saying that what you got here definitely violates their rules or anything because I don't work for them, but just that you really need to run it by their compliance/legal folks because they're the ones interpreting their rules and they have custody of your money. It wouldn't be the service part being problematic but the possibility of receiving an automatic refund or a bonus or losing money that makes it sound a lot like a contest in the gaming sense. It's not something worth getting thousands of dollars frozen by Paypal for, that's all, because this sort of stuff aren't usually actually illegal but tend to be regulated in all sorts of ways. The deposits are secure of course but that only means that the money didn't get stolen by a third party, not that you have custody of it at all times. Just email their compliance/AUP/legal/whatever address that's listed in their AUP section, that's all. Best of luck.
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@saverio_murgia1 @jim_zhou Thanks Jim, I will certainly look in to that!
Ethereum contract would be a killer! (if crypto had taken off like 2018) In that way, ppl trust code. Finish Resolutions!
Maker
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@xd_dins Good thinking!
Maker
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Hi PH! I am Bart, and I have created Finish Resolutions to help others with achieving their New Year goals! The rules are simple: 🎁 You deposit anywhere between $10-$1,000, set a goal, supervisor, and deadline. Money deposited will incentivize you to work on the goals. ⏰ Once the deadline has passed, your supervisor will be asked to confirm that you fulfilled your resolution. πŸ•³ If your supervisor marks your goal as failed, you will lose the money. πŸ’š if he confirms that the project is completed, you will get your deposit back and 10-20% guaranteed bonus. πŸŽ‰ Rewards are paid using funds from failed resolutions of others, and $6K FR! reserve fund (if funds from failed goals will not be enough to cover bonuses). FR! is not a company, but a research project, so all the proceedings from failed goals are given back in the form of bonuses. We are open for New Year Resolutions only until 31st, and we will reopen next year in January.
@mrbartboch This is cool. One query: what if I don't trust myself to be a responsible supervisor, or a friend. Do you have a pool of supervisors, or offer to be a supervisor yourself?
Maker
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@mandeep You can add me: bochbart@gmail.com - that would be fun!
This is actually one of the coolest things I've seen so far! Already recommended it to my friends. Thank you for creating this :)
Maker
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@raha_golamini Thank you Raha. I really appreciate kind words!
Skin in the game. Love it.