Bitcoin-Driven Theater-Assisted Cycling - The Whitepaper EntrepreneursteemCreated with Sketch.

in #business7 years ago (edited)

Abstract

Theater Assisted Cycling is a technology gaining popularity in upscale gyms around North America. This paper aims to bring this technology one step further by incentivizing exercise through the use of bitcoin. Partners and users could purchase physical exercise devices that would double as mining machines.

Value Proposition

  • To create a synergistic relationship between exercise content providers and their users.
  • To facilitate exercise through rewards, and promote global health.

Methods

To make this a reality, the bike would have to undergo a troubleshooting phase to ensure people use it as intended. Limitations, such as the speed of the bike will deter people from abusing the bicycle. Other tamper proof measures may be required.

The bicycle is simple. Make a spin cycle that interfaces with a mining rig. As the bicycle is used properly, the rig grants vests to the user(s).

The mining rig will run a touch screen, where users can select their exercise duration, location, intensity and other factors relating to their program.

The user could scan a card on the bike that links it to the users account. Once logged in, begin cycling. The display will show you how fast to pedal, which position the rider is in, and how hard the resistance should be. It will also display the cycling path.

Discussion

By providing this technology, it becomes profitable for users to purchase their own exercise equipment, and begin creating value from their own homes.

Companies may seek to purchase these bikes for their employee workout areas, and gym partners may consider joining to provide this opportunity to their members.

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Straight up Black Mirror kind of shit from the episode "Fifteen Million Merits". This neatly fits into my overly dystopian view of the future. Well played, sir!

Outstanding! Great fat transfer incentive...from gluteus maximus to phat wallet

UV'd/R & F'd

Interesting concept. Would there be any way to prevent someone from modifying and automating the ride by attaching some type of motor to the pedals?

Yeah, one of the considerations could be to refuse payout to bikes that go above a certain speed.

Would there be a wind/ mist heat effect to simulate environment?

You could make the bike high tech, but lean start up methodology states that we should create our MVP, Minimum Viable Product. So if environmental effects are essential to creating your business then you have the answer you seek.

Would the mining rigs be powered by the bike or just keep track of the progress and reward the bikers? I like the idea just trying to get my head wrapped around it.

In this model, the bike would regulate the dispursement of coins from the mining rig.

Oh, I get it now. That makes a lot of sense. Thanks for clarifying.

AWESOME BROTHER.....Paddling a cycle help us to keep a healthy living
I ALSO wanted to buy a bicycle ......
i will soon buy .....

This is an awesome idea!

Nice post bro

I'm so glad we are friends, you have such a great enthusiasm and you have a good set of ethics and you are already quite popular on SteemSpeak which is the Number One Steem Discord Chat <3 steem on

Thanks Battleaxe! I'm glad we met too ~

Pleasure is all mine ;)

Why not make this its own coin and take mining out completely since its really not necessary?