1 Level
6 Review
12 Karma
Review on BitShares by Cau Chuyen
To ensure the cost of customer acquisition is sustainable, the BitShares…
To ensure the cost of customer acquisition is sustainable, the BitShares referral system is designed to always pay out a percentage of actual profits. BitShares allows the users to draw their own conclusions about the Life Time Value (LTV) of each customer they refer, after educating them about the LTV of customers for similar businesses. Bitshare believe that the BitShares network can offer each referrer an average value of $80 per member they sign up, or $40 if they go through an affiliate. This value is realized over time based upon the actual usage of the customers. Even if a customer thinks we are overestimating by a factor of 4, BitShares still offers a larger incentive than PayPal did.
Pros
- BitShares designs permissions around people, rather than around cryptography, making it easy to use. Every account can be controlled by any weighted combination of other accounts and private keys. This creates a hierarchical structure that reflects how permissions are organized in real life, and makes multi-user control over funds easier than ever. Multi-user control is the single biggest contributor to security, and, when used properly, it can virtually eliminate the risk of theft due to hacking.
Cons
- Most major altcoins not supported.
