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Offline monsterer


This sounds like a stupid idea at first glance (why not build a bitshares faucet, right?) but there is method here. Building a bitcoin faucet is trivial (there are ready made solutions, just install and go) and once you list it on the many, many aggregator sites you immediately (and I mean immediately - I have first hand experience) get upwards of 1000 hits / day for as long as it remains active.

These faucets are usually plastered with gaudy advertising to try and claw their investment back, but there is opportunity here to subsidise the cost with a delegate and advertise only bitshares.

Just my p2.
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Offline graffenwalder

Sounds like a plan, i kinda like these simple marketing solutions.
Before a delegate would be selected we could give it a test run, to see the results.
I'd be willing to put a bit of BTC in the faucet, for this experiment.

Offline monsterer

Sounds like a plan, i kinda like these simple marketing solutions.
Before a delegate would be selected we could give it a test run, to see the results.
I'd be willing to put a bit of BTC in the faucet, for this experiment.

Don't we already have a few marketing delegates elected?
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Offline graffenwalder

Sounds like a plan, i kinda like these simple marketing solutions.
Before a delegate would be selected we could give it a test run, to see the results.
I'd be willing to put a bit of BTC in the faucet, for this experiment.

Don't we already have a few marketing delegates elected?
Even better.

Question though:
The point of this would be to attract new users to BTS.
Is there a way to calculate the value of a new user, and thus a way to calculate if this is profitable for BTS?

Offline Rune

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Sounds like a plan, i kinda like these simple marketing solutions.
Before a delegate would be selected we could give it a test run, to see the results.
I'd be willing to put a bit of BTC in the faucet, for this experiment.

Don't we already have a few marketing delegates elected?
Even better.

Question though:
The point of this would be to attract new users to BTS.
Is there a way to calculate the value of a new user, and thus a way to calculate if this is profitable for BTS?

This isn't really possible because each user brings wildly different value. Getting one guy to deposit 1 million is as good as getting a million guys to deposit one.

Offline matt608

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How much is it likely to cost in terms of btc given away?  Is it easy to get listed on the aggregator sites?  We could put a  bitshares 101 popup on it, the one made by rgcrypto: https://my.leadpages.net/leadbox/1411c3173f72a2%3A16c8d6713b46dc/5734055144325120/


Offline fluxer555

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We don't want the kind of people who go to faucet sites. They bring minimal value to our ecosystem, and may even drag/leech us.
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Offline monsterer

How much is it likely to cost in terms of btc given away?  Is it easy to get listed on the aggregator sites?  We could put a  bitshares 101 popup on it, the one made by rgcrypto: https://my.leadpages.net/leadbox/1411c3173f72a2%3A16c8d6713b46dc/5734055144325120/

In my experience its very easy to get listed - especially if you use microwallet.org.

Cost wise, it totally depends on how much you give out to each user -  might be looking at around 2 BTC / month, maybe?
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Offline Method-X

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The type of person willing to get BTC from a faucet is not the type of person who will bring any significant value to our ecosystem. Would you bend over for $0.25?

Offline monsterer

The type of person willing to get BTC from a faucet is not the type of person who will bring any significant value to our ecosystem. Would you bend over for $0.25?

The majority of the traffic is indeed low quality. On the other hand, they are all cryptocurrency users, and you get a lot of them.
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Offline cube

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The type of person willing to get BTC from a faucet is not the type of person who will bring any significant value to our ecosystem. Would you bend over for $0.25?

 +5%

We want the high-rollers and whales.
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Online Shentist

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The type of person willing to get BTC from a faucet is not the type of person who will bring any significant value to our ecosystem. Would you bend over for $0.25?

or, they are the big guys, because they are trying to save as much as they can. It is better spended money then a banner ad on CMC.

Offline fuzzy

This sounds like a stupid idea at first glance (why not build a bitshares faucet, right?) but there is method here. Building a bitcoin faucet is trivial (there are ready made solutions, just install and go) and once you list it on the many, many aggregator sites you immediately (and I mean immediately - I have first hand experience) get upwards of 1000 hits / day for as long as it remains active.

These faucets are usually plastered with gaudy advertising to try and claw their investment back, but there is opportunity here to subsidise the cost with a delegate and advertise only bitshares.

Just my p2.


That doesn't sound stupid at all.
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Offline Ander

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I feel that most people why try faucets give up on them pretty fast after realizing they are making like 2 cents an hour for the very boring work of clicking things. 

Also, people set up bots like amazon mechanical turk in order to beat the captchas and autocollect from lots of faucets, so mostly what you end up with is a bunch of bots draining your faucet and no one actually looking at any ads.  The time that I tried faucets out, I can assure you that I did not care about a single advertisement, and the couple times I clicked them it was accidental.  Youre just going to get some misclicks on your ad that cost you money, and then the person immediately closes the page.
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