Topic: Pupa [Using Bitcoin as a social currency] (Read 118 times)

Hello everyone,

I am looking for feedback from the community. What do you guys think about it? and what challenges we might encounter to bring it to the masses. At Pupa, we are experimenting to transform individual opinions into collective opinions on global issues and topics.

The Minimum Viable Product would be as follow:

A mobile app where users are asked 7 questions a day. They have to choose the option they believe everyone else will choose as the answer. ( Keynesian beauty contest, choose the picture everyone else will find beautiful )

One example: What is your view of Transgender people serving in combat units in the military?
A. I support it
B. I am against it

If you choose the option which the majority of people choose, then you win reward points ( Bitcoins ).
So for the above question, if 60% choose A, 40% choose B. All the users that choose A, will be rewarded in satoshis equally.

To begin with, we would allow conversion of rewards points directly to Bitcoins ( for people who want to cash out ). Later we can allow those points to be consumed inside the platform as well. Bitcoins allows us to distribute funds globally with ease, hence we choose Bitcoin over dollars.

We are looking to launch our app, in 2 weeks roughly. We have started by posting twitter polls to see how people interact with them. Please follow us https://twitter.com/PupaNetwork?lang=en to keep updated with our progress and launch date, and help us reach out to more people.