BitShares Forum

Main => General Discussion => Topic started by: bytemaster on June 09, 2015, 02:59:56 pm

Title: Referral Program Tweak
Post by: bytemaster on June 09, 2015, 02:59:56 pm
Only fees above a certain threshold defined by consensus must vest.   This means that in practice only the following fees require vesting:

1. Premium Name Registration
2. Lifetime and Annual Memberships
3. Large Data Transactions
4. Symbol Name Registration

Other fees (transfers, market orders, etc) will be below the threshold and thus vest immediately.
Title: Re: Referral Program Tweak
Post by: Xypher on June 09, 2015, 03:00:50 pm
This. Makes. Sense.

Thanks a lot for this.
Title: Re: Referral Program Tweak
Post by: fav on June 09, 2015, 03:01:59 pm
 +5%
Title: Re: Referral Program Tweak
Post by: infovortice2013 on June 09, 2015, 03:23:44 pm
for example paper wallets are safe ? or how to download funds in 2.0?
Title: Re: Referral Program Tweak
Post by: bitmarket on June 09, 2015, 08:11:24 pm
Nice
Title: Re: Referral Program Tweak
Post by: BunkerChainLabs-DataSecurityNode on June 09, 2015, 08:36:34 pm
That sure works for BunkerMining!! Awesome!
Title: Re: Referral Program Tweak
Post by: monsterer on June 09, 2015, 09:33:52 pm
What stops everyone from just referring themselves?
Title: Re: Referral Program Tweak
Post by: fav on June 09, 2015, 09:34:54 pm
What stops everyone from just referring themselves?

nothing, but it makes no sense since it's only 1 level deep
Title: Re: Referral Program Tweak
Post by: bytemaster on June 09, 2015, 09:35:08 pm
What stops everyone from just referring themselves?

Nothing, they have nothing to gain.   It costs a "lifetime" of transaction fees to upgrade to an account qualifying for refer income.
Title: Re: Referral Program Tweak
Post by: Method-X on June 09, 2015, 09:38:54 pm
What stops everyone from just referring themselves?

What stops you from signing up as an affiliate with Amazon and buying stuff through your referral link?
Title: Re: Referral Program Tweak
Post by: Riverhead on June 09, 2015, 09:41:54 pm
What stops everyone from just referring themselves?

What stops you from signing up as an affiliate with Amazon and buying stuff through your referral link?

Since it's all transactions I don't see the issue with this. Sounds like a good way to get a small discount :). Also, when Amazon starts taking bitAssets this will be a good problem to have :).
Title: Re: Referral Program Tweak
Post by: bytemaster on June 09, 2015, 09:54:09 pm
What stops everyone from just referring themselves?

What stops you from signing up as an affiliate with Amazon and buying stuff through your referral link?
It is against the TOS and they know your identity.
Title: Re: Referral Program Tweak
Post by: Method-X on June 09, 2015, 10:14:15 pm
What stops everyone from just referring themselves?

What stops you from signing up as an affiliate with Amazon and buying stuff through your referral link?
It is against the TOS and they know your identity.

Amazon doesn't particularly care. They still make money off the transaction.
Title: Re: Referral Program Tweak
Post by: BunkerChainLabs-DataSecurityNode on June 10, 2015, 01:03:51 pm
What stops everyone from just referring themselves?

What stops you from signing up as an affiliate with Amazon and buying stuff through your referral link?
It is against the TOS and they know your identity.

Amazon doesn't particularly care. They still make money off the transaction.

Odds are good if someone is going to these lengths.. they are not running much volume.. or they really need the discount.. so consider it a solid for BitShares network to less blessed users. At least thats how I like to think of this.

I really like this tweak.

My concern however is that it will mean nothing to BunkerMining for the 1000s of miners we ar going to bring to bitshares that we will get nothing for because I brought them before 2.0 was launched.

So this tweak is moot actually for the next 3 or so months with no bridging strategy.
Title: Re: Referral Program Tweak
Post by: fav on June 10, 2015, 01:07:01 pm
What stops everyone from just referring themselves?

What stops you from signing up as an affiliate with Amazon and buying stuff through your referral link?
It is against the TOS and they know your identity.

Amazon doesn't particularly care. They still make money off the transaction.

Odds are good if someone is going to these lengths.. they are not running much volume.. or they really need the discount.. so consider it a solid for BitShares network to less blessed users. At least thats how I like to think of this.

I really like this tweak.

My concern however is that it will mean nothing to BunkerMining for the 1000s of miners we ar going to bring to bitshares that we will get nothing for because I brought them before 2.0 was launched.

So this tweak is moot actually for the next 3 or so months with no bridging strategy.

Put your projects on hold for 3 months, that's what I'm doing.