Hmmmm....appears Coinbase just reared its head as competition

[VoR0220]

Coinbase was offering referral fees a while back.  I think they stopped and may just be re-instituting them with different parameters.

Either way, I don't think it should be considered competition.

Bitshares 2.0 will be a superior referral system because the referrers will get a piece of every transaction fee going forward instead of just a one-time pay-off once a certain threshold has been met

Really? This had flown right over my head. Could you explain?

The referral reward is dependent on the transaction fees paid by the user you signed up.
You get 80% of their fees, and 80% of the premium upgrade (~$100) if they choose to do so. This way it is advantages to actually teach users how they can benefit from bts and get them to use it as much as possible

ahhhh....I didn't know that. Makes much more sense why the model is going the way it is currently going.

[Permie]

Coinbase was offering referral fees a while back.  I think they stopped and may just be re-instituting them with different parameters.

Either way, I don't think it should be considered competition.

Bitshares 2.0 will be a superior referral system because the referrers will get a piece of every transaction fee going forward instead of just a one-time pay-off once a certain threshold has been met

Really? This had flown right over my head. Could you explain?

The referral reward is dependent on the transaction fees paid by the user you signed up.
You get 80% of their fees, and 80% of the premium upgrade (~$100) if they choose to do so. This way it is advantages to actually teach users how they can benefit from bts and get them to use it as much as possible

[VoR0220]

Coinbase was offering referral fees a while back.  I think they stopped and may just be re-instituting them with different parameters.

Either way, I don't think it should be considered competition.

Bitshares 2.0 will be a superior referral system because the referrers will get a piece of every transaction fee going forward instead of just a one-time pay-off once a certain threshold has been met

Really? This had flown right over my head. Could you explain?

[jayzio]

Coinbase was offering referral fees a while back.  I think they stopped and may just be re-instituting them with different parameters.

Either way, I don't think it should be considered competition.

Bitshares 2.0 will be a superior referral system because the referrers will get a piece of every transaction fee going forward instead of just a one-time pay-off once a certain threshold has been met

[cylonmaker2053]

Not competition.  They are a fiat gateway bringing money into the crypto space.

exactly, and helping bring merchants into crypto

[Ander]

Not competition.  They are a fiat gateway bringing money into the crypto space.

[cylonmaker2053]

good for them spending their own money to draw more people into crypto. BTC is still the gateway into crypto, and the path new money would take to get to us, so the more capital flow the better!

otherwise, coinbase is just a BTC exchange and merchant payment processor...not really our competition

[fav]

we got a thread about this already https://bitsharestalk.org/index.php/topic,17490.0.html

[Erlich Bachman]

Not really competition.

What can you buy at Coinbase?

see.

[VoR0220]

http://www.newsbtc.com/2015/07/10/earn-25-of-bitcoin-for-every-referral-coinbase/