BitShares Forum
Main => General Discussion => Topic started by: abit on August 02, 2019, 01:26:45 pm
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https://github.com/bitshares/bsips/issues/186
Currently only LTMs can be referrers. This caused a problem that in order to earn money, you need to invest some money first, IMHO this drives away potential marketers E.G. small bloggers.
This BSIP proposes a protocol change to allow non-LTM accounts to refer new accounts. The referral income that a non-LTM referrer earned will be split to herself, her registrar and her referrer. If she upgrades to LTM, her future referral income will be kept by herself.
Risks:
This change will potentially turn the referral program into a MLM scheme, which could be illegal in some jurisdictions (I am not a lawyer, please correct me if I'm wrong), although every account has the option to upgrade to LTM to stop sharing new referral income to the registrar and referrer.
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同意，现在a神越来越扛把子了
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https://github.com/bitshares/bsips/issues/186
Currently only LTMs can be referrers. This caused a problem that in order to earn money, you need to invest some money first, IMHO this drives away potential marketers E.G. small bloggers.
This BSIP proposes a protocol change to allow non-LTM accounts to refer new accounts. The referral income that a non-LTM referrer earned will be split to herself, her registrar and her referrer. If she upgrades to LTM, her future referral income will be kept by herself.
Risks:
This change will potentially turn the referral program into a MLM scheme, which could be illegal in some jurisdictions (I am not a layer, please correct me if I'm wrong), although every account has the option to upgrade to LTM to stop sharing new referral income to the registrar and referrer.
support...
Maybe one option to circumvent any MLM concerns is to tag and vest the referral income as a recurring payment towards acquiring LTM status?
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Am supporting it.Thats something i asked from the beginning.
Multi level provisionon refferes is already industry standard so there should be no legal problems.
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https://github.com/bitshares/bsips/issues/186
Currently only LTMs can be referrers. This caused a problem that in order to earn money, you need to invest some money first, IMHO this drives away potential marketers E.G. small bloggers.
This BSIP proposes a protocol change to allow non-LTM accounts to refer new accounts. The referral income that a non-LTM referrer earned will be split to herself, her registrar and her referrer. If she upgrades to LTM, her future referral income will be kept by herself.
Risks:
This change will potentially turn the referral program into a MLM scheme, which could be illegal in some jurisdictions (I am not a layer, please correct me if I'm wrong), although every account has the option to upgrade to LTM to stop sharing new referral income to the registrar and referrer.
support...
Maybe one option to circumvent any MLM concerns is to tag and vest the referral income as a recurring payment towards acquiring LTM status?
You mean the blockchain automatically upgrade an account to LTM when she contributed enough to her registrar and referrer due to either self-paid fees or MLM referral income? I guess this is not in the interest of the registrars and referrers (they expect to earn more) thus will harm the whole eco-system.
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https://github.com/bitshares/bsips/issues/186
Currently only LTMs can be referrers. This caused a problem that in order to earn money, you need to invest some money first, IMHO this drives away potential marketers E.G. small bloggers.
This BSIP proposes a protocol change to allow non-LTM accounts to refer new accounts. The referral income that a non-LTM referrer earned will be split to herself, her registrar and her referrer. If she upgrades to LTM, her future referral income will be kept by herself.
Risks:
This change will potentially turn the referral program into a MLM scheme, which could be illegal in some jurisdictions (I am not a layer, please correct me if I'm wrong), although every account has the option to upgrade to LTM to stop sharing new referral income to the registrar and referrer.
support...
Maybe one option to circumvent any MLM concerns is to tag and vest the referral income as a recurring payment towards acquiring LTM status?
You mean the blockchain automatically upgrade an account to LTM when she contributed enough to her registrar and referrer due to either self-paid fees or MLM referral income? I guess this is not in the interest of the registrars and referrers (they expect to earn more) thus will harm the whole eco-system.
Yes I'm sure they expect to earn more ..but they can't have it both ways... Your proposal is based on the assumption that Basic Members can help GROW the BTS ecosystem..
So the choice is to maintain the status quo and get nothing or modify the rules to allow Basic Members to earn referral income...
It is better to get some percentage of an expanding universe of payments versus getting 100% of a static or shrinking system..
The registrars and referrers will also benefit from an increased BTS price, market cap, liquidity, smartcoin production, trading volume, etc.,
I think under this proposal that the Basic Member should be limited to EARNING enough referral income to be upgraded to LTM status. This will at least guarantee that the registrar/referrer would be rewarded with referral income thru that time period..
OR alternatively restrict the upgrade to the Annual Membership which could be modified to allow for earning referral income to be split with the registrar/ referrer for 1 year..
and
If that Basic Member's financial status changes during the period and she can afford to purchase a LTM there is nothing stopping them from establishing a 2nd (or more) account(s)
Maybe their could be two types....LTM and LiteM ...to reflect a Basic Members upgrade via referral income..?
One thing.... there has to be clear rules that indicate an exemption from any price increase if the committee decides to raise the price of LTM during the "earning" period ..
and similarly accommodations have to be made if the LTM price is decreased because BTS is rising so that she does not overpay.
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@bitstopia2049 your opinions make perfect sense. This is the correct direction to discuss.
I do agree that we need to find a balance among the parties. It's good to follow the KISS principle (Keep It Stupid Simple), due to this, we need to think twice when adding restrictions.
IMHO it would look better if we don't restrict how much a non-LTM account can earn via referral program, nor restrict when she must upgrade (IMHO it should be decided by herself). It's the potential unlimited income that incentives people to work harder.
Also please be aware when a non-LTM earned enough to upgrade to a LTM, it's possible that her registrar and referrer have earned much more from her. For example, we can define the rule as: non-LTM accounts need to split 80% of their referral earnings to her registrar and referrer, just like 80% of their paid fees would go to the referral program. So this feature would largely benefit current registrars and LTM referrers. We can discuss how much percentage is best.
By the way, would you like to reformat your post by re-adding the missing "[/quote]"s to improve its readability?
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@bitstopia2049 your opinions make perfect sense. This is the correct direction to discuss.
I do agree that we need to find a balance among the parties. It's good to follow the KISS principle (Keep It Stupid Simple), due to this, we need to think twice when adding restrictions.
IMHO it would look better if we don't restrict how much a non-LTM account can earn via referral program, nor restrict when she must upgrade (IMHO it should be decided by herself). It's the potential unlimited income that incentives people to work harder.
Also please be aware when a non-LTM earned enough to upgrade to a LTM, it's possible that her registrar and referrer have earned much more from her. For example, we can define the rule as: non-LTM accounts need to split 80% of their referral earnings to her registrar and referrer, just like 80% of their paid fees would go to the referral program. So this feature would largely benefit current registrars and LTM referrers. We can discuss how much percentage is best.
By the way, would you like to reformat your post by re-adding the missing "[ / quote]"s to improve its readability?
100% agree with the KISS principle!....As seen with "scam proposals" it is easy to misinterpret rules...(and more costly for the target in a decentralized system)
OK...I see your point about allowing for the potential of unlimited income and giving this type of income earning freedom to non-LTM Members is a powerful incentive..My initial response was focused on the MLM concern..Thul3 indicates it's not a worry.
I could easily foresee the captain or another influential member of the soccer team becoming an expert in BTS features and educating her teammates and inspiring them to do the same. Maybe she can earn supplemental income from instructional meetups or presenting monthly Webinars to a wider community of family, friends, classmates, co-workers...etc., People can be quite creative if given the right opportunity.....(At that point even the team OWNER(S) would welcome a briefing..Ha!)
I think you may have hit upon the right catalyst Abit..! {Maybe their ambition is even bigger, like buying their own team)
BitShares just needs at least a local consumer goods retailer or distributor -- to form a partnership where bitCNY--bitUSD -- bitXXX is accepted..
.It's coming anyway, sooner or later whether BTS makes moves or not.
https://decrypt.co/8195/retail-giant-walmart-mulls-centralized-stablecoin
One successful collaboration is all it takes and other businesses will follow..
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The referer parser enrichment uses the Snowplow referer-parser to extract attribution data from referer URLs. You can provide a list of internal subdomains which will be treated as "internal" rather than unknown UPSers (https://www.upsers.online/).
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$100 isn't a lot to ask for LTM. If they can't do that, I doubt they have a legit stream of users to refer.
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How about we add somewhere on the website a text a la:
"Want to refer users to BitShares on a commercial basis? Contact marketing@bitshares.org and we will help you set up with what you need!"
I have no problem buying interested webmasters an LTM (after evaluating their inquiry), either through marketing worker or reference faucet worker.
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$100 isn't a lot to ask for LTM. If they can't do that, I doubt they have a legit stream of users to refer.
I don't know any webmaster who would pay for being able to advertise something.
Webmasters who needed to pay to be able to advertise something was in the 90's .
Who is going to waste $100 to to test if a refferal system is profitable or not ?
It's you who wants their traffic and not the other way round.
Remember traffic is KING ....always was so and always will be and if you don't fit their requirements they have plenty of other lucrative offers where they can send their traffic for profit.
Also somebody demanding to invest $100 to be able to test a refferal system is normally a scam and as such majority of webmasters are leaving it alone.
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If a user wants to buy only one lifetime membership for a premium account, the only way to do this is to have another user with a lifetime membership buy it for them then transfer control of account using a paper wallet key generator to attach new private owner keys myprepaidcenter login (https://myprepaidcenter.net/).
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support
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Suppot
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Am supporting it.Thats something i asked from the beginning.
Multi level provisionon refferes is already industry standard so there should be no legal problems.
Agree
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$100 isn't a lot to ask for LTM. If they can't do that, I doubt they have a legit stream of users to refer.
Keep in mind $100 is not a lot for YOU....but Bitshares is global...and for many people in countries outside of the US and Europe, Japan, Australia etc. it is considered a tidy sum relatively speaking...not to mention that you're asking a prospective Member to use that money on a BTS "venture" ...although I'm sure there will be other competing (and maybe compelling) uses of the money..{living costs, medical biils, education fees, petrol, taxes, etc..etc) Like any other business this undertaking is a risk that they hope, with sweat equity, will turn out to be income producing..
One may have a "following" because one is rich (fair weather friends)...but one does not NEED to be rich to have a following... e,g, most milloinaire athletes come from very modest beginnings and they had "followers" long before they were millionaires on paper..
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How about we add somewhere on the website a text a la:
"Want to refer users to BitShares on a commercial basis? Contact marketing@bitshares.org and we will help you set up with what you need!"
I have no problem buying interested webmasters an LTM (after evaluating their inquiry), either through marketing worker or reference faucet worker.
Although it's a generous sentiment I think that kind of "process" would become a bottleneck in any kind of growth path...By definition when something becomes popular through organic growth...e.g. "going viral"...it does so BECAUSE there are no gatekeepers.
Moreover it assumes that you will always make the right decision when it comes to "evaluation of their inquiry". The person or entity you choose ...might be a diamond or may be a dud...That it will get expensive...
We have to keep in mind that BTS and crypto in general is global...therefore multicultural...which means there can be cross-cultural misunderstandings or persepctives, etc and something that is perceived to be a negative character trait on one side may just be considered entrepreneurial zeal on the other..
EXAMPLE: A young person (not a lot of accumulated assets) who does not have much formal education (by Western standards) but is quite energetic, has good business intuiton and a reputation in his community of being able to get things done through a growing netwok of contacts... and people pay him well..just to help them get through govt.bureaucracy and roadblocks, etc.
{In the US it is formally called being a "consultant"} ;)
He earned his rep. and popularity because he also happens to be a former high school star and a current huge fan of the sport of CRICKET..... which is VERY popular..mainly in former Commonwealth countries.....So long story short.... he comes across BTS as a result of his curiousity about Bitcoin and then has an idea that would involve BitShares and being able to combine his business with his love of cricket and its worldwide fan base into a global income generating venture...
Do you (or the appraiser) know anything about the history, business, and current state of affairs when it comes to the sport of CRICKET?
Second problem.. his English language skills are limited.. so he will need to pay for an interpreter to explain his ideas to you...
So as you can see...many many different situations can arise to complicate things...change gender, substitute different sport...ping pong, road cycling, archery, rugby, skateboarding, etc..different countries, legal issues..and so on...
"Evaluating an inquiry" may not be so simple and rejections will always leave a lingering negative reaction.. Better to allow the industrious, creative and hardworking types earn their LTM for themselves..
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The referer parser enrichment uses the Snowplow referer-parser to extract attribution data from referer URLs. You can provide a list of internal subdomains which will be treated as "internal" rather than unknown.
Thanks. Please add more info here: https://github.com/bitshares/bitshares-ui/issues/3010
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Support: The non-LTM referral link should provide a 20% cash back function. The other 60% goes to the next LTM.
By upgrading to a LTM you can get the full 80% from your referrals.
https://github.com/bitshares/bsips/issues/186
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Rather than entirely removing the LTM requirement, what about a minimum BTS balance requirement for referral mechanism access?
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Rather than entirely removing the LTM requirement, what about a minimum BTS balance requirement for referral mechanism access?
It still means you need to invest some money before you're possible to earn money. Small marketers won't touch it.
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EOS had adoption by 5$ account creation and no fees at all for basic transfers/voting. Suggest we make a similar approach, ofc not that cheap since we are offering much more in terms of serious dapps and functionality.
Review my comment please.
https://github.com/bitshares/bsips/issues/186#issuecomment-522289199
Chee®s
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Rather than entirely removing the LTM requirement, what about a minimum BTS balance requirement for referral mechanism access?
It still means you need to invest some money before you're possible to earn money. Small marketers won't touch it.
At least 1 BTS would mean they've at least used the platform before they're decided to promote it. Might deter bot sign ups?
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Rather than entirely removing the LTM requirement, what about a minimum BTS balance requirement for referral mechanism access?
It still means you need to invest some money before you're possible to earn money. Small marketers won't touch it.
At least 1 BTS would mean they've at least used the platform before they're decided to promote it. Might deter bot sign ups?
Makes some sense, but I think it's not necessary. They'll pay fees anyway when trying to withdraw their referral income. How they will promote BitShares is up to them. Also a fee for referrer doesn't solve bot-sign-up issue.
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EOS had adoption by 5$ account creation and no fees at all for basic transfers/voting. Suggest we make a similar approach, ofc not that cheap since we are offering much more in terms of serious dapps and functionality.
Review my comment please.
https://github.com/bitshares/bsips/issues/186#issuecomment-522289199
Chee®s
In year 2016, when BM developed "free transactions" feature for Steem, I independently wrote something similar for BitShares. It hasn't been merged because BM moved on to Steem, and I left too due to the voting mess about BSIP-10.
https://github.com/cryptonomex/graphene/pull/612
https://github.com/cryptonomex/graphene/issues/603
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This BSIP suggests modifying the protocol to permit non-LTM accounts to refer new accounts. A non-LTM referrer's referral earnings will be divided between her, her registrar, https://tractorsinfo.com/feed-kroger-login/ and her referrer. In my opinion, it would appear better if we did not limit the amount that a non-LTM account can earn through the referral programme or the time frame in which she must upgrade.