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RE: The experience of Steem time
I am presently trying to get my daughter (and her mum) to get involved with actifit but they are put off by the time I suggested it may take to build something worth cashing out.
If this thing runs for another 15 years, she won't be 30 years old and would have a fair selection of tokens by then. I'll try again soon :)
I find that attitude difficult to comprehend. You can use Actifit in combination with Fitbit from what I've understood. Making the Actifit posts is very easy to integrate with your exercise routine, which is the primary benefit from using Actifit anyway. But, pray tell, what other activity monitoring app distributes anything of any value at all?
What kind of an attitude is "Yeww, I'm only getting 5 cents worth of tokens per my daily run, not getting on board. I'll just use Fitbit and get zero."? This sort of an attitude is not limited to your daughter and her mother, of course. It's a general flaw in how the human mind works as it is a symptom of our greed, impatience and illogic. If we get X and not X+Y, we'll just sit around and sulk and do nothing.
Actifit should be sold as an activity monitoring application. Downplay the rewards. Tell your daughter and her mother to forget about the rewards for now, for many years in fact, and just treat them as a type of lottery ticket redeemable in 10 years, which they get for free as a bonus for using Actifit to record their walks, runs or whatever. It would be a fine app even without any rewards because your training record is stored on a blockchain, which means you will never lose it should your hard drive crash or something. An acquaintance of mine who is an amateur marathon runner lost his training records spanning many years because of a hard drive crash. Now he has to come up with a training schedule from scratch, which annoys him to no end because his old routine worked so well as to enable him to hit a personal all-time record.
All the rewards should be downplayed at the start.
Once the possibility of "earning" arrives, people start to think of their time as being valuable A good thing in some sense of course, but can make many people inactive unless they are getting paid to be active, and getting paid significantly, even though the task is one they were happily doing for free earlier.
The focus on rewards might be better pushed to earning points that can be used later, like a game.
Exactly.
Lamenting the logical failings of the human mind will not get us anywhere. Instead we must find ways to work around those flaws. What your suggesting makes sense. Gamify even the financially insignificant rewards most people are capable of getting at first.
Playing a game for points, with the prospect of winning something nice in the future. I'l see what I can do.
"you have won your college tuition fees!"
'I paid the deposit for my house by exercising when I was younger'
LOL
That could literally turn out to be true.
A man can dream :)
Yeah, I'm with you :)
I'll keep trying.
It is like Markku said above about doing what they do normally, just with crypto :D
Walk and get some tokens, take a selfie and get laughed at, and probably still get some tokens.
Yup. She has the tracker and a phone, and an account is no problem. My STEEM and SPORTS vote each day would make some decent pocket money in time.
Should be great for spending down the local.
Would be interesting to teach about management and investment and potentially would become a great onboarding foundation builder to then go onward and support herself.
Using a pseudonym as the Actifit account name would be very astute for multiple reasons. First of all, Asher's daughter is a teenage girl and everything posted to Steem is public and cannot be removed, including any information she reveals about her whereabouts in her exercise logs posted to Steem. Secondly, the UK could tax all crypto earnings based on the value of the tokens at the time one receives them in one's wallet. If that is the case, any short-lived spike in the token price could lead to tax liabilities exceeding the value of the tokens one has in one's wallets when the tax bill is due. That's unlikely to be an issue at all at first but if the value of the self vote grows seriously large - and it could during a spike particularly after some years of accumulation - that could create a nasty tax liability unless cashed out and the tax money set aside immediately. (Finland's tax guidance on virtual currencies is quite lenient in the sense that virtual currencies internal to online game platforms or other "internet programs created for mainly for entertainment purposes" as the guidance puts it are not considered taxable income until they are cashed out into fiat, external virtual currencies or used to pay for goods or services. But not every country taxes virtual currencies similarly.) Most people use pseudonyms on Internet discussion forums and on Steem-based apps that is particularly wise because of Steem is a public blockchain.
Tax is one issue, but the more pressing one is the whereabouts I think. I reckon that there should be a way to mask some of the data that it tracks, but people are generally the weakest link in this, not the inability to mask.
The tax issue is indeed solvable by simply paying the taxes by the book. Just cash out enough on a constant basis, report the income and pay the tax. At first, the income would be so small as to be insignificant and perhaps fall under a possible threshold of taxable income to begin with. But later it might be best to just report it accurately and pay it.
Actifit by itself does not track anything. It merely asks for a minimum-length verbal account of the training session and some categorizing questions about it. Actifit records and posts the number of steps automatically. The user is free to include images to the Actifit post. I think it would be best not to a) post under your own name and b) not to use FitBit to publish the exact route used.
Just some generic facts about your run/walk and how you felt, speed, heart rate or something like that would suffice.
I think eventually the taxman will catch up with most, unless the entire fiat economy implodes and they want to get n on crypto ;D
I wouldn't want my wife posting her travel routes around the place, but it seems to be pretty common place as people take the "it won't happen to me" approach.