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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