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Offline bitmarket

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Offline merivercap

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Re: bitshares tv. How the bitshares referral system works?
« Reply #1 on: June 11, 2015, 05:18:41 PM »
https://youtu.be/HY51oQWEwKQ?list=PLjgfpSQFJTLoR_CpYDBZMQ8hUSxKSflAF

Great work!  Yeah I like how you both emphasized that 80% goes back to the referrers.   I also like how in the beginning you brought up how difficult it is for people to earn Bitcoin and other coins and how this makes it much easier.  Those are great points of emphasis.

Referral system = Game. Changer. 

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Offline Method-X

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Re: bitshares tv. How the bitshares referral system works?
« Reply #3 on: June 11, 2015, 05:48:27 PM »
 +5% Awesome video Max.

I'd love to see the referral program launch with 30 day vesting and referred to as 30 day trustless payouts. One of the main issues affiliates have is trusting the vendor will actually pay the commission. Making it clear that payouts are done in a completely trustless way is a really unique selling point.

Offline Ben Mason

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Re: bitshares tv. How the bitshares referral system works?
« Reply #4 on: June 11, 2015, 05:57:51 PM »
You make things that seem complex sound simple....fantastic

Offline profitofthegods

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Re: bitshares tv. How the bitshares referral system works?
« Reply #5 on: June 11, 2015, 06:23:02 PM »
Excellent video!

+5% Awesome video Max.

I'd love to see the referral program launch with 30 day vesting and referred to as 30 day trustless payouts. One of the main issues affiliates have is trusting the vendor will actually pay the commission. Making it clear that payouts are done in a completely trustless way is a really unique selling point.

 +5% The guarantee of payment from a trustless automated system is definitely a good selling point.

Offline Permie

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Re: bitshares tv. How the bitshares referral system works?
« Reply #6 on: June 11, 2015, 06:28:39 PM »
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
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Offline Method-X

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Re: bitshares tv. How the bitshares referral system works?
« Reply #7 on: June 11, 2015, 06:46:54 PM »
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.

Offline Permie

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Re: bitshares tv. How the bitshares referral system works?
« Reply #8 on: June 11, 2015, 07:01:03 PM »
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
« Last Edit: June 11, 2015, 07:26:38 PM by Permie »
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Offline Method-X

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Re: bitshares tv. How the bitshares referral system works?
« Reply #9 on: June 11, 2015, 07:27:03 PM »
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 could sell their viewership. With the referral program everyone in the world can now earn some ancillary profit. Just having a few BitShares leaflets on a hotel reception desk could be very profitable

In a post I made last September, I encouraged the use of a referral code. In practice, QR codes have been a disaster for marketers. Nobody bothers to take out a phone to scan the code. Two methods have consistently proven themselves to work:
  • Referral codes
  • Referral links
I think this referral program is perfect for web wallets / exchanges to build a business model around and offer a referral structure of their own. Since the wallet is web based, they can use referral links which are far superior to manually entered codes (assuming they choose to offer a referral program of their own). It allows the dev team to finally stop worrying about creating a "great user experience" and focus on the core protocol. The incentives are now in place for 3rd party wallets to profit from offering the best user experience (thus the best conversion rates).
« Last Edit: June 11, 2015, 07:28:52 PM by Method-X »

Offline bitmarket

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Re: bitshares tv. How the bitshares referral system works?
« Reply #10 on: June 12, 2015, 03:25:28 AM »
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.

Bitshares 2 will allow up to two named referrers on the blockchain and percentages names on each for the referral.    The most likely scenario is, companies Moonstone will make a great product and say "Hey everyone, direct traffic to us and we will split the commission with you 25-75 or some such thing.   I think in time, competition will take over and the marketers will get the whole commission and the moonstones will get the customer.

Bitshares TV is going to make a videos that do all the selling for you.  You just send the traffic I will split you 75 and me 25.  That way I can focus on optimizing and split testing funnels and traffic guys can focus on that.
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Offline clayop

Re: bitshares tv. How the bitshares referral system works?
« Reply #11 on: June 12, 2015, 03:27:34 AM »
Are there any benefits for basic members who refer annual/lifetime members? (e.g. 10% discount of fees) How can we attract people to refer someone?
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Offline puppies

Re: bitshares tv. How the bitshares referral system works?
« Reply #12 on: June 12, 2015, 03:32:28 AM »
Bm said something about users that had already referred others getting a lifetime membership.  Any one have any details? 
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Tuck Fheman

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Re: bitshares tv. How the bitshares referral system works?
« Reply #13 on: June 12, 2015, 03:38:52 AM »
Bm said something about users that had already referred others getting a lifetime membership.  Any one have any details?

You should be able to find an answer here ... https://bitsharestalk.org/index.php/topic,16861.msg215930.html#msg215930 or here ... https://bitsharestalk.org/index.php/topic,16828.msg215616.html#msg215616

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Re: bitshares tv. How the bitshares referral system works?
« Reply #14 on: June 12, 2015, 04:00:11 AM »
Bm said something about users that had already referred others getting a lifetime membership.  Any one have any details?

You should be able to find an answer here ... https://bitsharestalk.org/index.php/topic,16861.msg215930.html#msg215930 or here ... https://bitsharestalk.org/index.php/topic,16828.msg215616.html#msg215616

Thanks Tuck I couldn't find anything.  I am referring to
Quote
author=bytemaster link=topic=16787.msg214628#msg214628 date=1433791576]
Anyone that participated in the original referral program and converted at least 1 user to create an account prior to June 8th will get a free lifetime membership when we do the upgrade.


I am curious what that means.
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