Hey thanks for the post in addressing this issue
@theoretical . I understand some features are not worth keeping if the cost is prohibitive. However there are a couple things I would like to note:
1. Coming from the marketing standpoint, I think annual membership is very important. Using current membership numbers skews the ratio in favor of LTMs because most of the people who even know about memberships are long-time community members and HODLRs. (BTW great to hear there are that many strong Bitshares supporters!) Anyways the ratio of annual to lifetime members will be much different for new users. The current referral program is hardly being used for growth because we don't have many businesses using our ecosystem yet. We at Bitcash plan to take advantage of the referral program and annual memberships.
2. Secondly and most importantly I've followed the Github issues and the code seems to behave as designed and documented last year before the big upgrade and after. There was some confusion about the referrer/registrar split because most people, myself included, didn't understand that the registrar would be able to decide the split and that may not have been clear during the big announcement in May/June of last year. However the mechanics make sense and everything seems to be behaving as expected. Note: Wouldn't genesis accounts just have to upgrade using a registrar that set's the referral percentage to 100%.
If you can clarify if there are any additional issues I'm missing other than the confusion from the referrer/registrar split that would be great
@theoretical. Thank you.