I am sorry, but helping a new user to set up first account and then charging a shit of fees out of him is a bullshit. A guy who created my first account does not deserve 80% of my fees. Referral should not be a way to make profit. It should be a way to help new user, rather than scare him away with high fees. All bitshares holders are motivated enough to bring new users in order to grow the network and raise BTS price. No monetary reward for referring is necessary, it's enough to compensate referrer's expenses. My referral link would be in my signature on all forums which I use if I wouldn't need to buy LTM for this.

just a heads up to all OBITS hodlers, by voting for Bitcrab, you're actively helping killing off obits / revenue based models.

Quote from: bitcrab on January 28, 2016, 06:08:57 am

1.The core idea is, as a DAC, Bitshares' goal is not to make more network money, its task is to provide an advanced, convenient and attractive and cheap platform, meanwhile provide chance and tools for every player here to make money.

2.Keeping high transfer fee and meanwhile putting much fund on refining the fee structure is the wrong way, we should move to the right way -  go back to the global lowest tranfer fee scheme.

3.The referral program does not fit Bitshares, we need to eliminate its bad effect.

let me remind you that without referral income, OL makes little profit, effectively killing OBITS purpose.

If they can not make profit without referral income, their tokens are worthless.

If you are proposing to reduce fee to the level below what a transaction actually costs, you should compensate the difference out of your pocket. This would be a nice promotion for bitshares.

Two chicks at same time.

Not when you depend on it to develop, grow and succeed. Once again people seem to forget who pays for development. If someone needs $50k to develop something at these prices, it will cost the chain 3x more BTS than if the price was at one cent. At the ath of 5cents or with a marketcap similar to what ethereum currently has, we would pay x16 times less!

You are talking about price here, which indeed matters. The cap is just how much your tokens cost all together at current price. This does not give much of meaningful info, since you don't really know how these tokens are used, how many are used in circulation, how many are locked by hoarders in there accounts etc.

Nobody is going to offer a smartcoin bridge to and from fiat because their is no real peg and no liquidity. Yes there is some for bitusd but still not enough for a bridge provider to feel safe that he can provide a steady stream at a constant rate.

Issuing smartcoins instead of IOU has advantages for a gateway, but yes, there are tricky issues which they need to resolve. Let's see how it goes.

Little bit of bitter into this can of honey. Fiat gateway is definitely the achievement, but setting up a gateway is not enough, let's see how reliable it will be.

All deposits are FREE of charge from my side, so it is your bank or any correspondent bank who will charge you if any.

Is your bank located in EU?