An app that puts all the addictive apps behind a paywall. Whenever you check social media, a small amount of Bitcoin gets locked for 10 years. Your addiction funds your savings in a deflationary currency.
Your addiction becomes apparent when you see how much money you spend on checking social media.
Your addiction is used to fund your savings.
Another reason to limit your tech-addiction time. How much money are you prepared to spend on social media?
A way to stay invested in Bitcoin for 10 years. Panic selling is impossible.
You install the "paywall" app on your smartphone and configure which apps you consider "attention vortexes". These would be the apps like Instagram, Facebook, Twitter, etc, that are enjoyable/addictive and mostly drain your time. The paywall app charges you a micro fee every time you check one of the paywalled apps.
All the money that you spend checking social media gets locked for 10 years. You get access to it at a specific time in the future.
Bitcoin timelock contract
A timelock is a type of smart contract that restricts the spending of some Bitcoin funds until a specified future time.
The app configures a bitcoin wallet that will hold all the funds. It gives you 24 seed words (glorified password) that you have to save somewhere safe. You will need it to regain control of your funds after the 10 year period has passed.
Pay per load and time spent
The app charges you per every load of a paywalled app and per time any of these apps stays on your screen.
The app controls an allowance wallet that you pre-load with bitcoin. As long as the wallet has sufficient funds, you can continue opening social media apps. You pay a little fee each time. If you run out of funds, you cannot open the social media apps until more bitcoin is added to the allowance wallet.
To save on the bitcoin network fees, the app can transfer payments to the locked wallet in batches.