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p.s. The creation of BitShares is, in itself, a pretty strong political statement for the security of life, liberty and property.
Let us not forget that most of these really strict know your customer laws came into effect after the False Flag 9/11 attack started the "war on terror" (otherwise known as the war of terror). So if we are talking about "terrorism" being the main reason for the necessity of "whitelists" and "blacklists", we are talking about changing privacy for all sovereigns based on a threat that is far less likely to threaten the population than, say, getting struck by lightning or dying from falling in the shower.
I don't feel this is the right place to call 9/11 a false flag attack.
Some people may have a hard time taking you seriously after such a comment.
I am as disgusted as the next guy by the excesses of the war on terror, but I would hate for bitshares to be associated with tinfoil hats.
Please consider adding the ability for the referrer to give a portion of his transaction earnings to his referees. Add this because it allows referrers to incentivize potential users to sign up with the referrer's code/link.
"Sign up with my link and get 2% off transaction fees for life".
This is like the "trade spend" concept we see in CPG businesses.
If I find out the person who stole my Bitshares... someone is going to get hurt really bad. As time goes on the more angry I get.
If someone wants to see an asskickin', help me find who stole my BTS.
Please consider adding the ability for the referrer to give a portion of his transaction earnings to his referees. Add this because it allows referrers to incentivize potential users to sign up with the referrer's code/link.
"Sign up with my link and get 2% off transaction fees for life".
This is like the "trade spend" concept we see in CPG businesses.
Interesting ideas.
Promotions are also huge for getting consumers to take the leap. If we were to consider adding promotional incentives, then the contracts between referrer and referee should be allowed to be set to a "limited time offer".
For example:
"Sign up with my link within the next ten minutes and get %10 off transaction fees for the next two months"
Further - there could be promotional offers in USD and GOLD.
"Sign up within the next ten minutes and get a free $5 worth of gold" ($5 worth of bGOLD could be escrowed and then released to referee upon sign up)
Please consider adding the ability for the referrer to give a portion of his transaction earnings to his referees. Add this because it allows referrers to incentivize potential users to sign up with the referrer's code/link.
"Sign up with my link and get 2% off transaction fees for life".
This is like the "trade spend" concept we see in CPG businesses.
Interesting ideas.
Promotions are also huge for getting consumers to take the leap. If we were to consider adding promotional incentives, then the contracts between referrer and referee should be allowed to be set to a "limited time offer".
For example:
"Sign up with my link within the next ten minutes and get %10 off transaction fees for the next two months"
Please consider adding the ability for the referrer to give a portion of his transaction earnings to his referees. Add this because it allows referrers to incentivize potential users to sign up with the referrer's code/link.
"Sign up with my link and get 2% off transaction fees for life".
This is like the "trade spend" concept we see in CPG businesses.
Interesting ideas.
Interesting ideas.
Edit: Helping & spreading word is great, my point was just that products should be good enough to sell themselves.
I personally think that for market-pegged assets to operate successfully it is critical there is some form of obligation on issuers (shorts) to redeem (destroy) units at the peg level at some point in time. So I currently see price feeds as a permanent feature.
This part is critical. Without it bitAssets are basically just Nubits.
BitShares made a boat load of money during multiple fund raising campaigns, development is well funded for now, benefits from a centralized leadership, but I feel like if the money dries up, most the core devs would walk away and BitShares becomes abandoned.
One obstacle with referral systems is identity verification to prevent fake accounts. I would use Facebook and start referral programs in developed nations to test and create some kind of real person detection algorithm that checks identity and stores info in a secure DB to ensure privacy and keep track of referrals. There should be a way of detecting fake accounts without any manual intervention right? You can make the algorithm strict and any false-positive fake would require verification from another network like LinkedIn (have to be the same name) and Google+. Facebook would be the main one.
Maybe you can cap referrals to a certain # per month per person and track transactions over time to see referral quality and those with good activity from referred accounts could have their referral caps increased and any fake accounts detected would have a certain magnitude of negative impact (let's say 5x)? So for every bad account detected you would need 5 new accounts to make up for it. The cost for a fake account just has to be greater than the ease of creating one. You can use transaction fees as part of the residual referral income.
You can also punish a branch of a bad referral tree to prevent someone from trying to pyramind off a fake account. Anyways just some thoughts.
Competition for the wallet with lowest fees doesn't happen until there's a large user base that's in for the long haul. Even then, many users will just use the setup they're used to unless the fees are ridiculous.
Adding it at the protocol level is just unnecessary, and adds significant long term privacy concerns.
This is a solved problem. The model used by the light and web wallet developers will also function for referrals.
There's a win win here. Instead of increasing fees at the protocol level by increasing the minimum relay fee or block inclusion fee, you can raise default fees in whichever wallet you wish to market, and send them wherever you want. The web wallet already charges non-network usage fees per transaction to pay for development, and modprobe's light wallet is also already designed so that anyone can run a light server, and charge additional transaction fees to the users who use that server. With slight modification, any light wallet should be able to send transaction fees to the address that payed for its account registration, or to the first account they received from, or whatever other method is chosen to designate a referrer account.
Protocol level changes are less flexible and more controversial, and should be avoided whenever a solution exists at the application level.
