Those of you criticizing Cob don't seem to remember that 500M was part of the allocation. You know, if Kanye or Apple want in, then you give them a cut.

But that doesn't mean we can't burn it if everyone votes to do so. 

Toby has been contributing here on the forum and he's into BitShares. I'd love to see his songs get used for PeerTracks promotions.

Terrific!

I'll stick with BTS. Not convinced the Chinese economy will get back to where everyone thinks it should be. Personally, I don't see what's wrong with growing 7% a quarter (which is not sustainable anyway, even at that rate), but perception is everything and we're told that the economy is 'underperforming'. If so, I wouldn't bet on the yuan becoming a reserve currency for a while still.

I love the referral system. It is truly innovative in the cryptocurrency space and will help Bitshares grow via magnified network effects.

I do have a question about how it works though. Is is multi-level or single level?

If I refer someone I get a portion of their fees, I get that. What if they in turn refer someone? Then that someone refers someone else?

Is a MLM affiliate scheme better than a single level affiliate scheme? I have my own opinion, but I am interested in hearing everyone else's. I am thinking I may be in the minority on this... pro MLM. MLM structures promote users to recruit other users that will then recruit other users, and so on so forth. Recruiting mainly other users that will recruit other users is currently in the best interest of Bitshares as we are very early in the game. Magnifying the network affect of the referral system is in our best interest IMO. How many levels deep should it go, or should it ideally be unlimited down to a fraction of a percent?

I'm pro-levels also. This thing would take over the world. But what they've done is a big step in the right direction.

I believe it was the concern of looking like a pyramid was the reason to not.

Two levels does not make a pyramid; I'm pretty sure you need at least one more.

By the way, pyramids have a bum rap. They appear on the US dollar bill. Strongest structure known to man. The ones in Egypt have lasted for more than 4,000 years and it's not an accident that the best preserved ancient structures in other parts of the world also have a similar form. Every organization in the world, public or private sector, essentially has a pyramid structure. And there is no better marketing structure in the world than some form of pyramid; as long as you are not requiring people to pay in and you are not paying out more than is sustainable, then it's not a ponzi. Nearly every Fortune 1000 company has a similar marketing structure. Etc. etc. Though I do understand that perceptions are important.

I'm going out on a limb here to predict that Colombia's Merkabahnk and CriptoBanco Exchange will be the next to join BitShares.

Edit: Oh, darn, they beat me to it! 


http://merkabahnk.io/
https://bitsharestalk.org/index.php/topic,19256.new.html#new
https://www.cryptocoinsnews.com/colombia-gets-first-local-bitcoin-exchange/ (Dated article, but gives you background on who they are)