I just joined a fitness challenge betting game, You bet 40$ that you will hit your walking goals 5 days in a week for 6 straight weeks. If you miss it you loose all the money. Whoever reaches the end and hits all the goals splits the pot.
And after I joined it hit me, this could be done 10x better by using smart contracts and oracles and bet using cryptocurrencies.
I’m just putting it out there, if anyone wants to discuss it or even take a crack at it I’m willing to help in any way I can.
I have been trying to solve the rules design for meditation game with Muse headset. The problem was we have to ensure that digital data represents the actions of real world users. To prove that you are not basically a bot eating inflationary money. Captcha, or proof of work are not long term solutions. It does’t matter how slow or imperfect you are ,if you can still get the money from nothing in the end. More users= more toys to beat system.
Best idea I had was the game should have real human validators that will be paid for their work by token inflation. That was economically infeasible so I gave up the project completelly.
In this step counter betting game, it really doesn’t matter if you are the bot or the real user.
Let’s say we are 10 fake users, the complete userbase. We are just waiting for real user to come and loose the bet. Nobody is willing to make real bet. If we are all staking 1000 euros , and we are allways winning the challenge we are not even at zero , we are loosing all the time!
The opportunity costs. 3+%/a year, 300 euros collectivelly. And investment costs in terms of software licenses, people work and toys.
And If I am honest, the bad guys doesn’t really bothers me.If I see just winning (fake)players I can choose not to create the bet.
Or I will take the bet, get the chalenge done with cheating or for real. In the cheating scenario I will just cheat myself so I am loosing the oportunity or/and investment costs and also health benefits.
All I sould worry about as real player is to get my self-imposed challenge done. The fact that you have created the bet is showing, the system is working!