Author Topic: [Referral Program] Lower Socialist Taxes. Increase Capitalist Opportunities  (Read 7643 times)

0 Members and 1 Guest are viewing this topic.

Offline tonyk

  • Hero Member
  • *****
  • Posts: 3308
    • View Profile
 ;)

btw, I have 2 lifetime membership accounts I will no longer need... deeply discounted prices...looking to generally cover the account transfer fee and whatever is vesting.

 make an offer.
« Last Edit: February 04, 2016, 07:17:47 pm by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline fuzzy

This brings uo some very interesting thoughts.  i like it.  perhaos you can discuss with us tomorrow at the hangout or post a bit more succinct question we can discuss.  Im thinking we cojld call the topic "less grub grub...more pew pew" ~ a Proposal by Xeldal
WhaleShares==DKP; BitShares is our Community! 
ShareBits and WhaleShares = Love :D

Offline Pheonike

I can see your point but then this comes down to what is Bitshares? Is it a neutral platform or DAC.

1) Bitshares is a platform that is revenue neutral. Profits are made and disturbed by businesses build on top it. Users must invest in those business or just hold and wait for potential increase in BTS price.
2) Bitshares is a made a for profit business and makes profits from users and businesses that use the platform by receiving a fee of every transaction above neutral cost.

Offline donkeypong

  • Hero Member
  • *****
  • Posts: 2329
    • View Profile
Is this the same discussion we are having on the other thread or would your proposal be substantively different?

https://bitsharestalk.org/index.php/topic,21314.msg276990.html#msg276990

Xeldal

  • Guest
In my view, the Referral Program(RP) is currently a "for the greater good" (socialized) tax.  I think we can easily and safely correct this.

A simple solution that conceivably retains all/most referral incentives and income while opening the door to a great deal more opportunities, and reducing psychological and actual friction.  As well, this may be fairly easy to implement(IDK), requiring few changes.
 
set referral fee to 0% by default.
Lower base fee to spam prevention level that supports network cost only.

Allow, in constructing any transaction, to designate what the referral fee will be.
A business that wants to use the referral system can then, within their app, simply turn key and charge whatever fee they want.
The split and distribution will happen automatically based on that users Membership status etc.
No 'building it themselves' is necessary.

Benefits:
Current LTM retain their benefits while using services that participate in referral program
Current LTM continue to earn from referrals and upgrades
Services that don't want referral program need not use it.
Services that can't operate with high fees can now use bitshares.
Psychological turn-offs of high fees, high friction eliminated.
Every business can easily and specifically tailor the referral program to their needs.
BitShares is more Capitalist and less Socialist

Drawbacks:
Power users will be able to avoid some fees without upgrade by using CLI or other low budget service.

tl;dr :  8)
Less socialism, more capitalism.
fewer taxes, more freedom
less grub grub grub, more pew pew pew


I think bitshares operating as a for profit business is a turn off to other business as it adds to baseline cost. 
Instead I think bitshares should operate as a non-profit neutral platform for business to make their own profit.
Collect what is necessary to pay operating cost and that is it. IMO.
Get the committee out of the business of defining profits(taxes) and limit to defining network costs.