Details Hypothetical Chat doc
Author : Sanjay phs
Tags: Product-docs ,
A detailed hypothetical chat conversation illustrating how User A (Dad) and User B (Sanjay) discuss and agree upon the terms of their deal using Finance for Humans:
Scenario A:
User A (Dad): Hey Sanjay, can you take out the garbage every day? I'm willing to pay you $1 for each day you do it.
User B (Sanjay): Sure, Dad! I don't mind doing that. It's a deal!
User A (Dad): Great! I appreciate your help. Let's make it official. What's your weekly schedule like?
User B (Sanjay): Well, I have some extra time in the evening after my classes and work is done.
User A (Dad): How about you take care of the garbage after dinner each day?
User B (Sanjay): Sounds good, Dad. I'll make sure to do it.
User A (Dad): How will i know if you have done the job, you will have to provide some proof that you've actually taken out the garbage, something like a picture of the bins?
User B (Sanjay): Yeah, sure! I'll make sure to take a picture and attach it here to show you.
AI: The deal is between User A ( Dad ) and User B ( Sanjay ). User A pays User B $1 for each day User B takes out the garbage.
To ensure the smooth operation of the deal:
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User A (Dad) is required to escrow $20 for the next 20 days in the credit account. [ period of deal - default ( 20 days ) ]
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User B (Sanjay) can start the deal from today, August 15th, 2023. [ starting date - default (today ) ]
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User B does not need to escrow any money.
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User B needs to make sure that they upload a picture proof of the activity by 9:30 pm Night post dinner Max.
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Only after User A approves the submitted picture proof will the reward of 1 USD go to User B from the contract account.
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The deal cannot be altered once set [ default ] .
Please review the contract and agree to the terms by clicking "Yes" or continue the conversation to make any edits. If you disagree with any of the terms please message me suggestions and press the AI button again.
[ User B (Sanjay): Clicks Yes ]
[ User A (Dad): Clicks Yes ]
Finance for Humans AI: Congratulations! The contract has been finalized. User A (Dad), please escrow $20 into the virtual contract wallet to ensure the availability of funds for the deal.
[ User A (Dad): Clicks on the button that leads him to a payment gateway - to complete the transaction ]
Finance for Humans AI: Wonderful! The $20 has been successfully escrowed into the virtual contract wallet. Each of the Users of the Deal can now look into the Acc/Wallet page to see the contract's details and the liabilities. From now on, User B (Sanjay) needs to submit proof of completing the task, which will be validated by User A (Dad) daily to release the corresponding funds (Daily). All the very best guys !
< Later that night before 9:30 p.m >
[ User B ( Sanjay ) attaches a picture of the emptied garbage bins]
[ Chat read by AI, Notification sent to User A’s Phone]
[ User A ( Dad ) clicks approve on the notification in app ]
[ Money ( 1 USD ) Transfered from Contract to Credit Wallet of User B ( Sanjay ) ]
AI: Great job Sanjay on completing the task , you are on your way to forming a good habit !
User B ( Sanjay ) : Woah Thanks !
Scenario B continued→:
User A (Dad): Perfect! Thanks for sharing the picture. Now, let's set up another deal for your coding practice.
User B (Sanjay): That's a good idea, Dad. I need some motivation to be consistent with it. What do you suggest?
User A (Dad): How about this? For every hour you spend coding and learning new skill sets, I will reward you with $2.
User B (Sanjay): That sounds awesome! And to keep me disciplined, I think I should face a penalty if I forget to code.
User A (Dad): Agreed. We can set a penalty of $0.5 for each day you forget to code.
User B (Sanjay): Okay, sounds fair to me. I'll make sure to code every day.
User A (Dad): Excellent! Let's put this in writing to make it official and track our progress. Just a moment, I'll ask the AI to generate the contract document.
[User A clicks on the AI Contract button]
Finance for Humans AI: Thank you for using the AI Contract feature. You will now be adding another deal to an already existing deal.
The deal is between User A ( Dad ) and User B ( Sanjay ). User A pays User B $2 for each day User B codes for 1 hr. Max reward per day = 2USD .
To ensure the smooth operation of the deal:
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User A (Dad) is required to escrow $40 for the next 20 days in the credit account. [ period of deal - default ( 20 days ) ]
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User B (Sanjay) can start the deal from today, August 16th, 2023. [ starting date - default (today ) ]
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User B needs to escrow $10 for the next 10 days in the credit account in case user B does not complete the stipulated activity to User A’s Satisfaction.
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User B needs to make sure that they upload a picture proof/ Screenshot of Waka-time coder of the activity by 9:30 pm Max. [ suggested to use Waka time Coder to measure coding time ]
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Only after User A approves the submitted picture proof will the reward of 2 USD go to User B from the contract account.
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The deal cannot be altered once set [ default ] .
Please review the contract and agree to the terms by clicking "Yes" or continue the conversation to make any edits. If you disagree with any of the terms please message me suggestions and press the AI button again.
[ User B (Sanjay): Clicks Yes ]
[ User A (Dad): Clicks Yes ]
Finance for Humans AI: Here's the summary of your Deals conversation:
Deal 1: User A pays User B $1 for each day User B takes out the garbage. User B provides proof of completion through pictures.
Deal 2: User A rewards User B $2 for each hour of coding and learning new skills. User B agrees to a penalty of $0.5 for every day User B forgets to code.
Please review the contracts and agree to the terms before proceeding.
→ User A (Dad) needs to escrow 40 USD additionally
→ User B (Sanjay) needs to escrow 10 USD
User A (Dad): Sanjay, please review the contract and escrow $10 into your virtual wallet to indicate your commitment.
[ User B (Sanjay) Clicks Yes and begins the payment process through the gateway ]
User B (Sanjay): I've reviewed the contract, Dad. I agree to the terms and have escrowed $10 in my virtual wallet.
[ User A ( Dad ) Clicks Yes and begins the payment process through the gateway ]
User A (Dad): Great, I've reviewed the contract too and agree to the terms. I've also escrowed $40 in my virtual wallet.
Finance for Humans AI: Congratulations! The contract has been finalized and funds have been escrowed. You can now proceed with your deal. Remember to submit proof and milestones regularly for smooth progress tracking. All the very best to the Users !
Note: The conversation can continue as the users interact with the app daily, providing proof and milestones to ensure the smooth operation and fulfillment of the agreed-upon deals.
– SO this was the sample Conversation between two Users setting up two deals one by one quickly in the same chat . If there are any disagreements the deal wont go through. It is a requirement that both parties click on Yes before they start transfer of any money.
As a demo We plan to have get Users to transfer and Escrow Cho chip cookies 🍪as a sample in place of Money.