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Main => Technical Support => Topic started by: NewMine on October 03, 2015, 02:13:47 am

Title: Coinbase killed their referral program
Post by: NewMine on October 03, 2015, 02:13:47 am

It wasn't producing what they expected. Any concerns here?

Title: Re: Coinbase killed their referral program
Post by: NewMine on October 03, 2015, 02:15:17 am

https://www.reddit.com/r/Bitcoin/comments/3n0xb4/well_it_looks_like_coinbases_75_referral_program/

Title: Re: Coinbase killed their referral program
Post by: Troglodactyl on October 03, 2015, 02:19:01 am

Quote from: newmine on October 03, 2015, 02:13:47 am

It wasn't producing what they expected. Any concerns here?

No concerns from me.  Their referral program was pretty open to one time user abuse, while ours only pays out if the referral sticks around as a user or upgrades.

Title: Re: Coinbase killed their referral program
Post by: NewMine on October 03, 2015, 07:57:31 am

Does that not make it harder?

Title: Re: Coinbase killed their referral program
Post by: xeroc on October 03, 2015, 08:16:09 am

Quote from: newmine on October 03, 2015, 07:57:31 am

Does that not make it harder?

yes it does ...
as usual .. thinking long-term is harder as short-term

Title: Re: Coinbase killed their referral program
Post by: inarizushi on October 03, 2015, 12:40:38 pm

Coinbase's referral program was so easy to hack, you could ask a friend completely uninterested in crypto to buy BTC, it's as easy as any online purchase, rebuy him the BTC and sharing the referral price. In the BTS 2.0 referral program, the service provider cannot possibly lose money by offering primes : even if it doesn't work as planned there are no risks. And the incentives for exchanges to use it seems strong :)