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steemd must be using it for a reason, it may not do anything yet. But I'd bet everyting I have that it will later, and that it will have backpaying benefits otherwise whats the point in recording the referrals?

Everything you have? :)
They could be using it just in case.
They have been talking about various forms of referral programs, but nothing is decided yet and no implementation details are known. All they have built so far (which was done early on) was add the part that tracks the referral.

What I would love (just dreaming) would be if you could get a (small) percentage of your recruit's earnings for life!

Yeah, I've thought about that too.. If we would have known that was going to happen, everyone probably would have used ref links when referring their friends :)

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