Coinbase apparently paying $75 affiliate commissions for a referral of someone buying $100 of cash equivalents.
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@patio11 is it high? Low? -
@thegrugq High for consumer products, low for financial services, but very abusable (more so than e.g new checking accounts). - 1 more reply
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@patio11 This is the problem with "customer lifetime value" calculations. They rarely remain accurate when customer acquisition changes.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 I assume coin base is cargo culting that strategy and hoping the LTV of ponzicoiners is 5x as huge?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 I haven't! Is that good? Bad? Does Coinbase pocket that $100 or are they making commission on the btc trades? -
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@patio11 also, affiliate fees from gambling sites are incredible. Conversion not so much unless you advertise in some fairly seedy place.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 its the customer LTV that's the key. Wonder if BTC had the same addictive attributes that gambling has? :-)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 PayPal famously paid out $20 cash to new users which was their entire CAC, pretty great deal given the LTV.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 I saw similar numbers with the online poker boom about a decade agoThanks. Twitter will use this to make your timeline better. UndoUndo
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