The starting a $100 business and getting a return after your second customer idea is a pretty nice pitch.
It lead me to thinking about how that would work. Would marketers be able to use moonstone (for example) as the wallet they recommend new users to download and get their referral fees that way?
Will there be disputes between wallet providers and marketers on who gets the fees?
I suppose it depends on whether moonstone gets open sourced or not
I've been wondering the same thing. If someone were to create educational videos on how to trade (for example), how will the blockchain know who referred them? I'm assuming it'll be wallets that offer some sort of split. So for example, the wallet takes 25% and the affiliate takes 75% (after the blockchain takes 20%). Wallets will compete for affiliates by offering the biggest payouts. I'm really eager to dig into the mechanics of this.
Affiliates is the term I've been looking for!
Would the creator of the educational videos be able to have a QR code linked to a referral download on display throughout the video?
If a referral can be done with just a QR code, I've been wondering if advertising companies would ever see a profit in running BitShares tv ads or billboards or sports team "sponsorship" etc. What about sportsman running around with QR codes on their backs
We know from the endless razor and hair product commercials that celebrities have a price on renting their image, it's not inconceivable that a few 100 BitShares referrals would meet that price.
Anyone anywhere can earn referral income so it will be interesting to see how many ways people use it to earn a little extra profit out of every customer they already have.
Until now only large companies like facebook can get the bulk of their profits from selling their viewership. With the referral program everyone in the world can now earn some ancillary profit other than advertising. Just having a few BitShares leaflets on a hotel reception desk could be very profitable