Funny use case | Bitcointalksearch.org

paxmao

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Do not die for Putin

Quote from: Salivan on March 02, 2018, 02:15:29 AM

Quote from: paxmao on March 01, 2018, 06:59:11 PM

Really? Have you heard about Cancer? Have you heard about accidents? Of course there are moments in which you need all.

I see the point but I will stick to my version. I doubt money can solve most of someones lives problems in general( like curing you for example, obviously there are such cases, but it does not hold in general in my opinion ). Additionally big money creates some issues for sure. we perceive the same topic differenty so there is no need to argue

I was just giving feedback, I you idea is not bad, in fact there is a whole project that partially uses the concepts you describe.

https://auctus.org/

I have not invested for the reasons I gave you: I think that blockchain as it is today, is not flexible enough for this use case. Thanks for sharing your idea.

Salivan

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DiMS dev team

Quote from: paxmao on March 01, 2018, 06:59:11 PM

Really? Have you heard about Cancer? Have you heard about accidents? Of course there are moments in which you need all.

I see the point but I will stick to my version. I doubt money can solve most of someones lives problems in general( like curing you for example, obviously there are such cases, but it does not hold in general in my opinion ). Additionally big money creates some issues for sure. we perceive the same topic differenty so there is no need to argue

paxmao

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Do not die for Putin

Quote from: Salivan on March 01, 2018, 12:29:08 PM

Quote from: paxmao on March 01, 2018, 07:39:43 AM

It is an interesting case not only for finance management, but also for retirement funds.

The problem is that is does not allow for any flexibility, that is, you may actually need your money for an emergency. Also, you could potentially ask for a loan against the fixed income you have, making the process useless.

An entire purpose is to not allow to much flexibility, but really you don't have to put like 100% of what you have. Additionally if someone was able to survive without big money till this point why all the sudden he need it all so desperately.

Really? Have you heard about Cancer? Have you heard about accidents? Of course there are moments in which you need all.

Salivan

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DiMS dev team

Quote from: paxmao on March 01, 2018, 07:39:43 AM

It is an interesting case not only for finance management, but also for retirement funds.

The problem is that is does not allow for any flexibility, that is, you may actually need your money for an emergency. Also, you could potentially ask for a loan against the fixed income you have, making the process useless.

An entire purpose is to not allow to much flexibility, but really you don't have to put like 100% of what you have. Additionally if someone was able to survive without big money till this point why all the sudden he need it all so desperately.
Keep in mind no matter what kind of obligation or legal action against you are undertaken, as long as you have private key you are in control, crypto simply work this way

paxmao

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Do not die for Putin

Quote from: Salivan on February 20, 2018, 07:28:35 PM

Being in crypto for a while. I know how much damage to your live may be caused by sudden unexpected inflow of cash.
Thinking about this more I came to a certain conclusion. I think that issue may be solved by contract platform like ethereum and others similar.
This service may work as follows: let say I put in a ethereum contract quite a big sum of money . Contract works in such way that it is using this money to pay gradually over constant period of time small sum to specified address. Contract is doing so until it is exhausted. It works like retirement fund.
Although it seems there is no visible benefit to that, from my personal experience it give you great tool to control our desires, by putting some delay mechanics to riches you have
Implementation seems to be easy, so in not so distant future I plan to implement such contract for personal usage

It is an interesting case not only for finance management, but also for retirement funds.

The problem is that is does not allow for any flexibility, that is, you may actually need your money for an emergency. Also, you could potentially ask for a loan against the fixed income you have, making the process useless.

atamism

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SOL.BIOKRIPT.COM

Great idea. It's tempting to use the money if its in your hands so limiting it might be the key for not being a one time millionaire to being broke for a lifetime. Lottery winners are good example of it. They ended up being poor after winning a huge amount of money. I hate to hear these sad stories but its true. There are people who doesn't know how to take care of money. They will live with regret for the rest of their lives. Thinking what they should have done before they lose the money. It should not happen to traders or bitcoin users. This might fix it.

Salivan

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DiMS dev team

Quote from: reverseflash on February 23, 2018, 09:51:41 AM

Quote from: Salivan on February 20, 2018, 07:28:35 PM

Being in crypto for a while. I know how much damage to your live may be caused by sudden unexpected inflow of cash.
Thinking about this more I came to a certain conclusion. I think that issue may be solved by contract platform like ethereum and others similar.
This service may work as follows: let say I put in a ethereum contract quite a big sum of money . Contract works in such way that it is using this money to pay gradually over constant period of time small sum to specified address. Contract is doing so until it is exhausted. It works like retirement fund.
Although it seems there is no visible benefit to that, from my personal experience it give you great tool to control our desires, by putting some delay mechanics to riches you have
Implementation seems to be easy, so in not so distant future I plan to implement such contract for personal usage

It will be very useful for people who cannot control finance, and are afraid to spend the earned money for unnecessary expenditures. I would prefer to enclose a part in further development.

I will post source code in this topic, but not very soon since I am working on a different quite complex project(and I am not looking for distractions right now). A code of this contract should be fairly simple though

Salivan

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DiMS dev team

Quote from: DispatchLabs on February 21, 2018, 11:12:50 PM

Quote from: Salivan on February 20, 2018, 07:28:35 PM

Being in crypto for a while. I know how much damage to your live may be caused by sudden unexpected inflow of cash.
Thinking about this more I came to a certain conclusion. I think that issue may be solved by contract platform like ethereum and others similar.
This service may work as follows: let say I put in a ethereum contract quite a big sum of money . Contract works in such way that it is using this money to pay gradually over constant period of time small sum to specified address. Contract is doing so until it is exhausted. It works like retirement fund.
Although it seems there is no visible benefit to that, from my personal experience it give you great tool to control our desires, by putting some delay mechanics to riches you have
Implementation seems to be easy, so in not so distant future I plan to implement such contract for personal usage

Interesting idea. It reminds me of when the lottery gives a winner the choice of one lump sum or small payouts over time. One question I have would be how would the person using your contract idea would be able to decrease, increase or stop the flow of income? Would there be a mechanism in place where the person using your contract could implement a command where they could not alter the income stream for a certain period of time? Like if someone wanted to have steady payouts for 6 months at a time and every 6 months they were allowed to alter the contract to increase or decrease the payments. I guess I'm thinking about this as more for someone who isn't very good at or not used to managing large sums of income and they don't want to spend everything they have in the first week, then your idea could save them from themselves. Cheesy

everything is possible (platform like ethereum are very flexible) but the question is what is really needed in this kind of service. In my opinion, one has to keep it as simple as possible in order to be effective

EDIT: as an afterthought I may say that some of your ideas or their variations may be quite worth of implementing

reverseflash

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Quote from: Salivan on February 20, 2018, 07:28:35 PM

Being in crypto for a while. I know how much damage to your live may be caused by sudden unexpected inflow of cash.
Thinking about this more I came to a certain conclusion. I think that issue may be solved by contract platform like ethereum and others similar.
This service may work as follows: let say I put in a ethereum contract quite a big sum of money . Contract works in such way that it is using this money to pay gradually over constant period of time small sum to specified address. Contract is doing so until it is exhausted. It works like retirement fund.
Although it seems there is no visible benefit to that, from my personal experience it give you great tool to control our desires, by putting some delay mechanics to riches you have
Implementation seems to be easy, so in not so distant future I plan to implement such contract for personal usage

It will be very useful for people who cannot control finance, and are afraid to spend the earned money for unnecessary expenditures. I would prefer to enclose a part in further development.

DispatchLabs

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Quote from: Salivan on February 20, 2018, 07:28:35 PM

Being in crypto for a while. I know how much damage to your live may be caused by sudden unexpected inflow of cash.
Thinking about this more I came to a certain conclusion. I think that issue may be solved by contract platform like ethereum and others similar.
This service may work as follows: let say I put in a ethereum contract quite a big sum of money . Contract works in such way that it is using this money to pay gradually over constant period of time small sum to specified address. Contract is doing so until it is exhausted. It works like retirement fund.
Although it seems there is no visible benefit to that, from my personal experience it give you great tool to control our desires, by putting some delay mechanics to riches you have
Implementation seems to be easy, so in not so distant future I plan to implement such contract for personal usage

Interesting idea. It reminds me of when the lottery gives a winner the choice of one lump sum or small payouts over time. One question I have would be how would the person using your contract idea would be able to decrease, increase or stop the flow of income? Would there be a mechanism in place where the person using your contract could implement a command where they could not alter the income stream for a certain period of time? Like if someone wanted to have steady payouts for 6 months at a time and every 6 months they were allowed to alter the contract to increase or decrease the payments. I guess I'm thinking about this as more for someone who isn't very good at or not used to managing large sums of income and they don't want to spend everything they have in the first week, then your idea could save them from themselves. Cheesy

Salivan

full member

Activity: 195

Merit: 102

DiMS dev team

Being in crypto for a while. I know how much damage to your live may be caused by sudden unexpected inflow of cash.
Thinking about this more I came to a certain conclusion. I think that issue may be solved by contract platform like ethereum and others similar.
This service may work as follows: let say I put in a ethereum contract quite a big sum of money . Contract works in such way that it is using this money to pay gradually over constant period of time small sum to specified address. Contract is doing so until it is exhausted. It works like retirement fund.
Although it seems there is no visible benefit to that, from my personal experience it give you great tool to control our desires, by putting some delay mechanics to riches you have
Implementation seems to be easy, so in not so distant future I plan to implement such contract for personal usage

Topic: Funny use case (Read 250 times)