Cryptocurrency Exponential Growth From Double-Sided Referral Programs

The tactic of double-sided referral programs for exponential network growth is starting to get out.   Airbnb, Uber, Dropbox and many other companies are using it to build giant global networks…more here.

The question I have is: “Could cryptocurrencies use this tactic to build insanely big global networks?”

Here is why I believe the answer is YES, and the perfect mashup to bring mass adoption.

  • Cryptocurrency Network Attributes
    • To understanding why these referral programs will be so powerful, first you need to understand that currency is effective if more users have it and they use it. So as more people are referred, the currency gains in value. This creates a positive feedback loop so that more users will feel confident referring more friends.
  •  Social Proof
    • If I am able to get you a discount, and I get a discount in return then I am adding to the value of your life and have real monetary incentive to do so.
  • FOMO (Fear of Missing Out)
    • Social circles, groups of friends and family will not want to miss out on the next new thing and know that they can get a discount AND help out their friend get a few bucks as well.
  • Mutual Back Scratching
    • To help out a friend is cool, but if you get something in return of equal value then the deal is complete.  It’s a rare 100% perfectly fair deal, you both get the exact same thing (ie: %5 Off).  In getting this square deal, you strengthen your friendship because being friends got you a 1+1 =3 synergy that alone you could not get.

TLDR

Customer referral programs are a serious growth lever for many mainstream companies already, cryptocurrency can use these strategies to complement other investor acquisition tactics.

More on Simple Referral Program Setups to Get you Started: http://crowdsale.co/#refer

 

Discipline to Hodl Bitcoin for 100x Return

To 10x in a volatile market is great, but to exit at 100x takes some serious discipline.  I want to meet the man that had Bitcoin at ~$25 and is still holding at 100x today. Not the person that lost a computer and found it years later, instead…someone that had Bitcoin for all those years and could of sold at any time, but chose to hodl. For this person is either insane, or has a rare sense of conviction and can think long term.

To ignore the  short term fluctuation when Bitcoin has been declared dead over 150 times by powerful businesses and experts since 2011 would drive the common person insane.  The social pressures to sell out and ‘take profits’ would be overwhelming.

The best part about this person is that they probably will never ‘sell’ Bitcoin into a fiat currency, as when they are ready to sell, they won’t need to.  Bitcoin may come of age by that time and be a worldwide currency and store of value that people would prefer anyways to all the problems that fiat currencies are prone to. For example, no fiat currency has even been successful, all have failed.  It’s just a matter of time before your favorite fiat currency fails, will you live to see it?

Chris Mack writes:

According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.

The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.

Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.

And Jeff Clark points out:

History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.

 

 

Bitcoin Monetary Policy Mathematics

Bitcoin monetary policy is well known and follows the rough distribution of new mining deposits where it gets more expensive to mine deeper as the project matures. We know exactly how many bitcoin will be created from now until the year 2140, unlike fiat currencies that are currently being printed and devalued worldwide with only short term gains in mind. The long term plan for fiat currencies is to devalue, as servicing debt and rising interest rates make the math impossible otherwise.   Is Bitcoin the answer, who knows? But it’s looking like an open, permission-less, and international boarder-less system for money, (much like the properties that made the Internet grow rapidly from it’s start in the early 90s) will be the way to go.

Playing around with some calculations at current price levels (3/1/2017) ~1200 USD per Bitcoin.

 

~ $2,000,000 (2 million) USD in btc created each day, distributed as mining rewards.

X

~ 1215 days until the next halvening (daily reward goes from 1800 to 900) ~ June 26 2020

=

~ $2,430,000,000 (2.43 billion) USD created at current btc price of ~$1200 USD

So basically, $2.43 billion USD of wealth worldwide needs to flow into bitcoin in the next 3.3 years to maintain the price of ~1200 USD per year.  When ~ June 26 2020 comes around, then the coin creation rate (inflation rate) will be reduced by 50% to 900 btc created per day.

The question then…is $2.43 billion from all fiat currencies and other assets able to flow into bitcoin to keep the price steady?

When you think about countries all over the world where their national fiat currencies are hyper-inflating (or even just inflating)  then you start to wonder how much demand their is for a system that opts out of the fiat currency war race to the bottom.

THESE ARE YEAR OVER YEAR PERCENTAGE INCREASES! (180.9 means a ‘loaf of bread’ went from $2 to $3.6 in year!!!)

 

If your local currency is inflating at any of these rates, what do you do?  You need to convert your local currency into something more stable as the purchasing power of your local currency is worth less in the future.

 

 

 

 

 

AnyLabTestNow.com doesn’t know what there tests are!

I went to AnyLabTestNow.com and got a gut health test for some insane stomach pains I was having, everything came back fine except for 1 major thing…here are the results.

any-lab-test-now-test1

Then I went back to get a more comprehensive food allergy test done, results here.

any-lab-test-now-test1

So how could it be that the 1st test says I have a SEVERE allergy to Gluten, and the 2nd one says that is ZERO allergy to Gluten?

AnyLabTestNow.com (nor the owner) didn’t tell me that the test REQUIRES you have the testing items in your system to be able to pick them up. If this is the case, then how is this even an allergy test then? I actually thought I was cured and ate Gluten (Wendy’s single hamburger meal) and was very sick for 2 days.   I asked for a refund on this test ($269) and was refused.  I am done with AnyLabTestNow.com and will not be trusting them anymore.

Stock video marketplace needs to add video embedding to social media.

IMHO the stock video marketplaces need to add the ability for content creators to showcase their work across social media networks and other distribution channels with the least amount of friction possible.  The reason why this is valuable is because I want to share out and talk about my storytelling as a real tool for viral video makers to invest in high quality content and be able to send them directly to a buy now page to capture the impulse buyer.

Create shareable urls for videos so they can be posted on twitter and other social media as an integrated video. For example, if I post a vimeo or youtube video profile page url into twitter the video preview page is shown.   Screenshot below and here is an example tweet: https://twitter.com/COdomainnames/status/656663296825647106

carp-tweet-twitter-example

 

Why Herbalism is the Open Source DIY solution to Pharmaceutical Drugs

The backlash on pharmaceutical drugs has been going on for decades. The amplification of this message has been diminished by the tons of money spend by the incredibly rich and powerful organizations and institutions.

Basically it comes down to this. Pharmaceutical drug companies want to create new markets and categories with there own propitiatory property (synthetic drugs) that they can create and patent. It’s a brilliant money making scheme where you’re creating assets.  At least in the USA, all they have to do is manipulate the FDA enough to show that the drug is safe enough for users in a short period of time (5 year trials) and then they can charge as much as they can for their patented chemical. It’s no wonder that herbalism is discredited as dangerous and ineffective. Most herbs are considered weeds and grow wild and fairly easily in most growing zones.

Herbs don’t have a powerful lobby and association to spend billions on influencing people through channels like marketing, public relations and creating biased scientific reports.

From a government perspective, there are no tax dollars generated from citizen growing their own herbs, like there is from Pharma companies that are publicly traded on major equity exchanges.  Hence the incentive is for the governments to promote using the synthetic drugs created by seemingly smart people that think they can play God, when they are only just making the owners of Pharma companies rich.

In this respect, Herbs are like an open source software project. Anyone can see all the code and figure out exactly what is it doing. Anyone can participate and add to the codebase to make it better and fix errors.  Regarding herbs, just about anyone can grow or trade them with other Herbalists. Lots of information from the last 5000 years of history is available on their use is available freely across the internet.

In the end, creating your own proprietary patentable drug is 1000x more profitable in the current medicine healthcare complex then creating products with natural herbs. So the message the corporations give you through the mass media channels is to trust the smart doctors and take the drugs to be part of ‘modern medicine.’ JUST TAKE THE DRUGS!

Humanity lost its way when money and profits got in the way of using the environment around you to keep you healthy and happy. Take back your own humanity and connection to the earth that your specie evolved from over millions of years as the safest and best way to treat what ails ya’.

How rulers preserved their wealth during the 1929 great depression start

Quotes showing how shortsighted and manipulative the rulers are

Basically, people will say anything to keep their lifestyle going and take from everyone else. With the prospect of financial ruin, people get really greedy, and will so ANYTHING to kick the can down the road and keep it going.   The more wealth and power someone has the more they will have to step on everyone else as they have larger debt obligations and higher fixed costs (like having to heat a bigger house in the winter).

How to Pump and Dump your Affiliates

Have you heard of affiliate marketing? It can be the best of times and worst. Basically all it comes down to is that a website owner wants traffic to their website, so they make an offer that says, hey if you send me traffic that makes my money, I’ll give you X amount of percent. (let’s say 10% of the sale price). So it’s a way that a website owner can share in the risk of internet marketing.

Really they are just paying for performance, and saying “You want to send me traffic that makes me money, well I’ll give you a cut”.  There is no risk the website owner, he doesn’t pay you anything unless you bring him a sale, think of it as a finders fee.

This is how it plays out. So USUALLY what happens is that the company sees how much they are paying top affiliates and gets greedy. They think it’s too much money and reverse engineer what the affiliate is doing and want to do it themselves.  This is standard issue company learning from affiliates, then cutting them out, it that happens across the board in almost every affiliate situation. Done right you hire your top affiliates to train your internal people or you announce that the affiliate deal is over, giving your affiliates time to get out and for delayed leads to still count until the last day.

I’ve just ran into a new situation where a company pumped and dumped the affiliates! It’s a pretty impressive scam.

Here’s how it went down:

  1. Collect registration and sales data on your network (not really even that much needed)
  2. Calculate that the average time from account creation to the actual sale (due to bank verification, processing delays, weekends, etc…) is 7-21+ days
  3. Realize that you have affiliates spending money TODAY on leads that they expect to get in 7-21+ days. (this is key)
  4. Raise the bounty from $25 to $75 near the end of August to get everyone spending a ton of money cranking out leads for September.
  5. Wait until 5pm Sept 30th to email all your affiliates that the program is being reduced from $75 to $10, effective ASAP. So effectively all your leads over the last month that were coming due in Oct would be worth 86% less then what you had planed.
  6. Profit from the fact that your affiliates made advertising budget decisions on $75 leads that are paid for today and come to be paid 7-21+ days….because now they are earning $10 for all that work in September.
  7. Profit on the fact that you know it takes serious affiliates a few weeks to really dial in any campaign and that by the end of Sept you would have the spend the least amount in affiliate payouts per lead.(basically hitting the peak of sales/profits)
  8. Profit by showing the VCs that gave you over $100,000,000 in funding, that you had a nice spike in signups for Sept and the average cost per sale went down.
  9. Profit again by saying that you have a new strategy for Oct where you pay the customer $10 and the affiliate $10 to make it look like you are really paying out $20, down from $75.
  10. Profit lastly by reverse engineering what your affiliates did during that boom month of Sept. (ah back to normal greedy affiliate action, full circle!)

Folks, that is how you pump and dump an affiliate program, to review…all you need to do is jack up the bounty price and get tons of business, then change the terms so you don’t have to pay. What’s critical is you need a product/service that takes 7-21+ days from initial signup to purchase…otherwise the affiliates will instantly turn off traffic and your profit will be very minimal.  Enjoy the scam and hope you enjoyed the sarcasm!

The Motley Crue Rare Cuts That Need A Final Performance

As many know, Motley Crue is retiring after this tour for good. Some of the best songs they have they haven’t been played in ages!!!
Here are the songs and the dates they last played them. (stats from: http://www.setlist.fm/stats/motley-crue-bd6b5d2.html)

  • Stick to Your Guns (Country Club, Reseda, CA, USA on October 2, 1981)
  • Merry-Go-Round (Dallas Music Complex, Dallas, TX, USA on November 23, 1999)
  • Take Me to the Top (Dominion Theatre, London, England on November 19, 1984)
  • Black Widow (Pabellón Príncipe Felipe, Zaragoza, Spain on June 25, 2005)
  • Knock ’em Dead, Kid (Festival Hall, Osaka, Japan on November 8, 2000)
  • Use It or Lose It (Le Zénith, Paris, France on March 3, 1986)
  • Come Out and Dance (Fox Theatre, San Diego, CA, USA on November 13, 1983)
  • Public Enemy #1 (Dallas Music Complex, Dallas, TX, USA on November 23, 1999)
  • Misunderstood (Mielparque Hall, Hiroshima, Japan on October 4, 1994)
  • Hooligan’s Holiday (Nippon Budokan, Tokyo, Japan on October 11, 1994)
  • Bitter Pill (Phoenix Civic Plaza, Phoenix, AZ, USA on December 20, 1998)

Crue, if you going out then play the songs one last time. Give the hard-core fan what we want…the rare songs to be performed one final time. Make it a live youtube event and charge $49.99 to view the live stream from this epic rare cuts concert from some intimate venue in Los Angeles, where it all started. Maybe the Roxy or the Whiskey would like to get involved with this event for friends and family and mega-fans?  I will personally promote the hell out of any livestream event you put together!

Thanks again for all the years of your music, you are truly masters of the craft!

best wishes,
Phil

Why exactly people buy Bitcoin

People buy bitcoins for these reasons (and more):

1. By purchasing Bitcoin you are sending a message to the creators of fiat currency that printing ~$17 Trillion (in USD) worldwide since 2008 is not cool, as anyone knows that increasing the supply of something will decrease the cost for each one. It’s simple math and applies to currency time and time again as each unit of currency is worth less the more of it there is. This translates to making your hard earned money worth less and less over time. This punishes the savers and responsible people that have been delaying gratification and investing in themselves and rewards people who are locked in debt living paycheck to paycheck.

The modern dollar has depreciated over 95% in purchasing power, since it was introduced in 1913. Does this sound like solid money? Keep in mind that this is nothing new, fiat currencies have been around since the dawn of man as even the Romans reduced the amount of silver in coins down to less then 1% as a way to create something out of nothing. Ask any 10 year old mentally challenged kid if you can create value out of thin air and he will tell you NO. Don’t be fooled by all the smoke and mirrors of ‘modern finance’ telling you that the system needs inflation or monetary expansion to keep going.   The current system is designed to force you to over-consume and trade your time for money (earning salary wages for your labor), and not be able to invest and build assets that make you more money on your money.

2. You like technology. Bitcoin represents really cool technology. You have the mashup of mathematic cryptography, modern worldwide telecommunications, and peer to peer communications. Without any one of these technologies the Bitcoin idea would not work. You needed all the RSA type public key based algorithms , the ‘networkization’ of the world to have somewhat reliable high speed internet, and then the innovation of a bittorrent type peer 2 peer networking system.  It’s just like James Burke used to say with his Connections show about how the every modern day convenience you enjoy was built on other technologies before it.

3. You want to send money anywhere in the world almost INSTANTLY and FREE. This is what gets people really thinking about the future. The cheaper and faster attributes of any system will always win out as history has shown over time. It might take a while for people to adjust, but there is no way protectionist governments and elite financial institutions can hang on forever, once the tide shifts to the cheaper and faster methods (which it always does) then everyone will be enjoying a payment system that is just overall more efficient.

4. You don’t want a middlemen taking your money for not providing any service. Paying with credit cards, checks, money orders, etc…someone is paying a fee to a lazy middleman that just validates and secures the transaction and helps provide counterparty risk. Bitcoin technology has made these organizations irrelevant as the services they provide are not needed for most transactions.  As the old saying goes, ‘100 lines of python made your organization irrelevant’, as software development leapfrogs yet another antiquated industry. Currency is not immune to technology innovation.

5. You don’t want a middleman being the gatekeeper to decide if and when you can transfer YOUR own money. Organizations like banks and governments can freeze accounts and steal all your money at will at the whims of their desires.

6. You want currency creation policy based on mathematics and not on the daily changing desires of rulers. Bitcoin is released on an exact schedule that you can count on and plan a future for until at least 2140.  What is more absolute then knowing the Bitcoin release schedule well into the 22nd century? Anything else rock solid based on laws of math? Fiat currencies are created for the short term gains of whomever controls the printing presses at that time without regards to the ramifications of who is going to pay for it down the road. Creating more debt is just kicking the can and not creating a long term and sustainable solution that people can trust and believe in.  Why should anyone pay their personal debt when the government can’t pay theirs? Government is sending the wrong message by not being responsible with it’s money in the first place.