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General Discussion / Re: [Fees][Referrals] Incentivize users to pay a higher fee
« on: February 01, 2016, 02:04:18 pm »got me thinking. Along my same line but clearer benefits perhaps.
IMO not buying a membership is making the choice to pay higher fees.
If someone makes a faucet that returns 100% of collected fees back to the referred user, this is effectively making the referral system optional, right?
+ 5 . I think replicating the numbers for this in a different way would have a positive psychological effect.
As an experiment, what happens if we shift everything to the left?
for the non-LTM(basic acct) instead of paying 20 BTS fee pays only 1 BTS. (no friction)
and for LTM instead of paying effectively 1 BTS fee(with friction), now earns 18 BTS (optionally pays 20 BTS and earns 38 BTS future profits)
The effect is that a new user starts at a place with zero friction, and later discovers how to optimize their experience by adding a positive. Rather then immediately hitting (mostly psychological) barriers and inconveniences, with options to improve their experience by removing a negative.
Rather than squeezing non-LTM and potential users for pennies, we're collecting from the total increased user base and transactions of the future, and incentivizing paying higher fees now.
If the basic account has the minimum fee(almost free). Then you have the option to pay for a membership and get paid on all transactions. Getting paid the rough equivalent of what you would have saved as a LTM now.
So the basic member still loses out by not upgrading, and the LTM still benefits by upgrading and referring.
I like the idea of using a positive incentive, but I still don't understand how you can pay people to make transactions. If it works like a FBA/dividend on tx fees, why not just sell it on the open market instead of buying small fractions when you overpay? Random thought: if all our existing operations were converted to FBA's and dropped to BTS holders 1:1.. then we could trade them & bet on the individual growth of any of our 40+ operations.
how about we restrict most "advanced operations" to require LTM and only have the basic stuff in the basic membership included:
- transfers (also blind)
- trading
require LTM:
- proposals
- bond market (eventually)
- withdraw permissions
- creating assets
- creating accounts (already implemented that way)
This is a very interesting idea, and wouldn't require any code changes..
