RE: 1% lifetime referral reward on Steemit - does that sounds good in your ears? Suggestion for the DEVs and the witnesses - implement this please! Then we will make Steemit.com known to every person on this planet in no time!
Here is a completely different angle then the one you and I have been talking about so far.
Also consider this.
Steemit is currently structured so you CAN make money or lose money as the value of steem fluctuates simply by having steem, steem power. This is really the same as any other crypto currency or currency. So this is not what differentiates steem.
You can earn more steem by interacting with the platform. Voting (aka curating), Posting/Blogging, Commenting/Replying.
You earn by participating.
To refer someone you need to convince them to come here. This may take you little effort, it may take you a lot who is to say. If the person is successful then you end up getting 1% of what they produce for life to that BRIEF moment you got them to come here.
That could end up being a phenomenal sum of money for what amounts to doing nothing more than convincing them to sign up and say you referred them.
Would it be nice for a referral reward? If we end up having to go that direction possibly. Yet lifetime 1% likely is insanely high reward for something I think most of us hope will always exist in one point or another from this point forward.
In fact if you got a few big named people you might not need to work a day in your life again if steemit blew up. You wouldn't have to curate, post, reply, or engage with the community at all.
You simply collect your funds for lifetime and call it good.
What I am getting at is that IF we were to do something like this then lifetime is very steep. It should have a term, and end point.
Again, there are important reasons that it needs to be a lifetime thing.
You don't know if that person will use Steemit right away or later in time.
Also I don't think you will that much money from this referral program, unless you are an extreme expert in convincing celebrity content creators. Remember its only 1% of that one person, that you get to the site, not anybody else. So in the end you would be paid for the number of people that you convince about that Steemit is worth trying and are signing up. I see it as a healthy incentive, compared to now, that its the few whales that benefits from all the plankton etc. that promote steemit to people personally.
If it does result in blowing up steem again do recall we had regular people making $10K on a daily basis on posts. So at 1% you'd get $10 of that every time they posted for life. You could do it for life with a cap on referral rewards too such that when it reached a cut off point it was done.
The thing I am seeing here is the for life could be incentive to try to get them engaged too. "I am following you on steemit, but haven't seen you post in awhile"
This could be positive or negative.
As if they don't engage then you don't get anything for your referral so it could get good in that regard.
I've said before I'll try anything at this point as long as we have the understanding that if what we try fails that we take a step backwards and try something else. The problem with FOR LIFE is you are committed. If you realize it was a mistake you can't simply step back and stop paying that referral fee if it fails. You'd need to keep that legacy code in the system for life as well.
If you had some kind of cap, it it was determined you need to scrap the idea then you at least would have a BUY OUT value.
Its an incentive and it needs to be for a lifetime, for reason I explained already.
Thanks for the discussion.