Simple, self-sustaining and easy to implement referral program

[TurkeyLeg]

$5  agrees with our +5 meme  :)

Sent from my ALCATEL ONE TOUCH 997D

+5%

[liondani]

$5  agrees with our +5 meme  :)

Sent from my ALCATEL ONE TOUCH 997D

[merivercap]

I feel like $10 is far to high. How about $0.50 or $1?

Who is picking up their mouse for $1?

agree, that is not enough

I think 5 bitUSD would be good.

It seems Square cash is giving $5 for sign up and $5 for referral now.  I remember before it was $1.  We have to remember that Paypal & Square had or have incredible amounts of VC capital so we have to do more with less.

[JA]

I feel like $10 is far to high. How about $0.50 or $1?

Who is picking up their mouse for $1?

agree, that is not enough

I think 5 bitUSD would be good.

8  :P

[fav]

I feel like $10 is far to high. How about $0.50 or $1?

Who is picking up their mouse for $1?

agree, that is not enough

I think 5 bitUSD would be good.

[JA]

I feel like $10 is far to high. How about $0.50 or $1?

Who is picking up their mouse for $1?

agree, that is not enough

[TurkeyLeg]

I feel like $10 is far to high. How about $0.50 or $1?

Who is picking up their mouse for $1?

[merivercap]

 +5% +5%

A referral program is probably the best method for growth and to decentralize user acquisition outreach.

Anyone running a faucet can give away any amount (ie. 50 cents, $1, $5, $10) and can be judged based on user acquisition #'s.  The bottom line measure of success of course is those that can acquire more for less. 

BTW Square Cash gave away $1 for each signup. 

Also how robust is the proof-of-person algorithm?  I know Stellar had issues with their free coin distribution and it turned that people were 'farming' coins with fake social accounts all over the world, especially in developing countries.   I think it may be good to make it 2FA with:
1) smartphone: iPhone/Android UNID
2) desktop: a hash of CPU & HD IDs
How robust would the above be?  Just curious.

Also in regards to improving fake facebook accounts... there is a startup called Fakeoff that is supposed to help detect fake accounts:
http://www.businessinsider.com/fakeoff-app-weeds-out-fake-facebook-profiles-2014-6

[valzav]

+5% very interesting idea, is this still in development?

There is some development but on a slightly different ideas, e.g. using referral codes (coupons) to send BitUSD or any other bit asset to any email address (find the progress here https://github.com/BitShares/web_services/commits/feature/add-referral-codes-updater).

The biggest concerns we had while considering implementing this in full were :
1. When delegate creates referral code (coupon) she issues IOU, transmitting it off-chain to somebody may be considered as money transmission from a legal point of view, this is just a concern - we never had any lawyer looking into this.
2. We don't know any reliable way to prevent sybil attack on a delegate that runs this campaign.

[fav]

 +5% very interesting idea, is this still in development?

[valzav]

Just talked to BM, he has a concern regarding coupons - when faucet issues coupon it creates IOU and passes it to user, so regulators may consider faucet a money transmitter business. What do you think?

Is there any way to make it peer-to-peer "redeemable"? That is, a group of us who had access to a community account could go in regularly and choose to tip/donate to users who submitted coupons? Just brainstorming here. Or give a group of trusted users 20 BitUSD each that they would agree to spend on tips for faucet users. Faucet users would present their coupons somewhere, we would tip them from our individual stashes, and their coupons would move off the checklist as having been handled? Memo: "Welcome to BTS. Contact me if you have Q's". Etc.

Yes, it can be a kind of p2p redeemable - I've just added support for coupon redemption API to the Wallet's GUI (still experimental, not going to production yet), so theoretically anyone can run a faucet that is able to issue coupons and let the wallet to redeem them via API.

[donkeypong]

Just talked to BM, he has a concern regarding coupons - when faucet issues coupon it creates IOU and passes it to user, so regulators may consider faucet a money transmitter business. What do you think?

Is there any way to make it peer-to-peer "redeemable"? That is, a group of us who had access to a community account could go in regularly and choose to tip/donate to users who submitted coupons? Just brainstorming here. Or give a group of trusted users 20 BitUSD each that they would agree to spend on tips for faucet users. Faucet users would present their coupons somewhere, we would tip them from our individual stashes, and their coupons would move off the checklist as having been handled? Memo: "Welcome to BTS. Contact me if you have Q's". Etc.

[valzav]

Just talked to BM, he has a concern regarding coupons - when faucet issues coupon it creates IOU and passes it to user, so regulators may consider faucet a money transmitter business. What do you think?

[hpenvy]

There is some progress. I've set up a simple proof of concept demo, please check this out..

(There are two independent parts, one is simulating the client the other one the faucet, currently they are both on the same domain, please don't be confused - in real life these would be totally separated talking to each other via api)

• [faucet] open this link http://bitsharestestdrive.com/admin/coupons/new  and create your coupon (only XTS is supported yet), copy coupon code to clipboard.
• [client] open http://bitsharestestdrive.com/ , log in with bitshares/password, go to My Accounts, click on Create New Account, select any name and paste your coupon code below, click Create New Account - now your account should be registered and you should receive coupon amount in 10 seconds.

Included in the community marketing newsletter.

https://bitsharestalk.org/index.php?topic=11947.0

I hope it draws some testers your way.

[xeroc]

There is some progress. I've set up a simple proof of concept demo, please check this out..

(There are two independent parts, one is simulating the client the other one the faucet, currently they are both on the same domain, please don't be confused - in real life these would be totally separated talking to each other via api)

• [faucet] open this link http://bitsharestestdrive.com/admin/coupons/new  and create your coupon (only XTS is supported yet), copy coupon code to clipboard.
• [client] open http://bitsharestestdrive.com/ , log in with bitshares/password, go to My Accounts, click on Create New Account, select any name and paste your coupon code below, click Create New Account - now your account should be registered and you should receive coupon amount in 10 seconds.

very impressive!!!