Author Topic: poll for the "1 BTS for transfer" proposal  (Read 42436 times)

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Offline abit

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Re: poll for the "1 BTS for transfer" proposal
« Reply #405 on: February 02, 2016, 09:35:05 am »
and I do get the other side as well -  selling something ( the 20% prepaid fees) and paying the promoter 80% ( 4x the price of the product itself) as an incentive for him, is more than odd, some might call it Ponzi/scam whatever.
So do not interpret this as me being in the LTM camp at all.
That's called "sales margin" (according to someone's post). When you buy a nice suit from a shop and paid $500, how much do you think the shop will earn (by promoting it)? Cost for the suit is perhaps less than $50.
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jakub

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Re: poll for the "1 BTS for transfer" proposal
« Reply #406 on: February 02, 2016, 10:01:11 am »
OK. I think I now get it.
My recent conclusion is that the referral program is *not* meant to be optional by design.
That's probably why we have this 90-day vesting - to make it hard to create a faucet giving out LTM accounts for free (or very cheaply) on a massive scale.

The LTM upgrade does several things at the same time:
- redirects fees from the referrer to the user
- offers the user access to advanced features
- it's the point where the network gets most of its revenue
Thus all three parties (i.e. the user, the referrer and the network) are integral parts of the LTM contract.
It's *not* a simple deal between the user and the referrer, as I previously thought.

So I guess only two things can be realistically done as slight improvements:

(1) Create a non-profit faucet (which voluntarily burns its referral income) for people like [member=40079]yvv[/member] - those who are willing to pay for LTM but they want their money to go straight to the network, not to some third-party.

(2) Remove the transfer fee from the LTM deal, as [member=120]xeroc[/member] suggests, and rebrand LTM as a feature for *advanced* users (as opposed to *frequent* users).

Regarding (2): This will probably please people like [member=4465]alt[/member] and [member=23]bitcrab[/member] to some extent but for businesses generally not dealing with advanced users on a daily basis (e.g. mobile app operators: [member=30868]kenCode[/member] [member=32670]merivercap[/member] ) this change will make it much harder to sell LTM to their customers. Maybe LTM combined with percentage-based transfer fees will make more sense for their customers.
Also, we significantly weaken our sales pitch for online merchants. So for me, it's a mixed bag of good and bad consequences.
« Last Edit: February 02, 2016, 12:47:38 pm by jakub »

Offline yvv

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Re: poll for the "1 BTS for transfer" proposal
« Reply #407 on: February 02, 2016, 11:47:00 pm »

(1) Create a non-profit faucet (which voluntarily burns its referral income) for people like [member=40079]yvv[/member] - those who are willing to pay for LTM but they want their money to go straight to the network, not to some third-party.


You have to study social mind though. If it is just me who wants this, you probably wouldn't want to bother.