Unusual Crypto Adoption: Stay Healthy or Lose Your Ether

You’re out of shape, you say? You want to keep your crypto with you, you say? You need something to keep you motivated to exercise? Have we just found a 3-in-1 solution? Well, not we exactly - entrepreneur Amr Saleh has put together a bunch of parts into a punching bag that serves as a proof-of-concept. The motivation part comes into play when you realize that if you don’t finish your work out, you don’t get your money.

​

“I find it hard to commit to going to the gym with my busy schedule. I got a punching bag at home and I still struggle with committing to my workout. Knowing the rule of loss aversion, and that losing money hurts more than gaining muscle feels good I thought, why not add a financial motive to help me stick to my exercise plan”, writes Saleh in a blog post.

​

How does it work? First, the user locks up a certain amount of ether, native token of the Ethereum blockchain, into a 64-line smart contract. In this specific case, the condition is the set number of punches on the bag, and the self-executing code will release your ether only when you have completed the workout.

​

https://cryptonews.com/news/unusual-crypto-adoption-stay-healthy-or-lose-your-ether-3966.htm