This reminds me of when a friend saw that someone had Liked something he had posted online, and he wanted to Like the Like. There was no interface to do that, so he was "reduced" to merely liking it in reality.
Is "loop" a common term for... whatever it's used for here?
Anyway, this looks like it might be a fun way to gamify TODO lists. Would be interesting to see some output after some goals have been achieved. Screenshots of the web UI maybe?
The context for "open loops" here is David Allen's "Getting Things Done" or GTD. A commitment that your brain is still holding onto because you haven’t clarified what it means or what to do about it.