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RE: Questions from a BitShares Newbie

in #bitshares7 years ago

Ah, thank you. I didn't connect the dots with realizing how you get a chunk of someone else's lifetime membership fees. I guess that creates an incentive to become a lifetime member and then convince others to become lifetime members. If they join up, then you essentially get your membership fee covered by them.

That sounds kind of like a multi-level marketing or Ponzi scheme though. I can imagine many not liking the feel of that.

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Your referrer gets a cut of your membership fee, but your referrer's referrer does not. So it's not remotely like MLM. It's really more like any other referral program you would find out there.

Except that it stops at 2 levels deep IIRC. Originally Mx Wright suggested a MLM scheme and there was significant resistance. Cutting off the nesting level to a shallow depth of 2 helped to get acceptance of the idea.

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