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.
I'd buy
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?
What do you think, @fyrstikken?
I have no idea, that's why I asked.
What is that?
Hahaha I believe its temporary. Thanks for checking out my business idea :)
Maybe @banjo & @booster could chime in...
I don't know, how old are you?
I'm old, how old are you?
I was talking about this life not love buy.
You can't buy love, Fyrstikken.
Aww, thank you. So we are dating?
2 years old?
Okay. Well, what do you want to do on our date?
Perhaps Theater Assisted Bitcoin Cycling? ;)
Have you seen aliens?
No, but that would be quite the adventure!
This post received a 4.7% upvote from @randowhale thanks to @mrslauren! For more information, click here!
This post has received a 0.07 % upvote from @booster thanks to: @gktown.
Resteemed 😘
Heheh fun idea. I like the thought.
Great post!
Thanks @steemitgirl! I'll be doing more posts like this every week.
Upvoted
I wouldn't mind a test run ...sounds amazing
that sure is a great idea and the health benefits plus rewards in btc is an amazing do !! good luck with it @gktown.upvoted
This is a fantastic idea! I would definitely buy one and ACTUALLY use it. Can we get an elliptical model ;)