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73 sats \ 3 replies \ @2bithits 21 Oct 2023
It was the same with fold. I think to get started the offer more to attract consumers. Once they hit their early stage target they reduce the reward as most of these consumers now have developed the habit of going to the app everyday.
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50 sats \ 0 replies \ @gmd 21 Oct 2023
early rewards with Fold were sooooo amazing. :'(
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33 sats \ 1 reply \ @shyfire 21 Oct 2023
Except Fold are still Bitcoiners
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34 sats \ 0 replies \ @2bithits 21 Oct 2023
Still waiting for them in my country
Minimum withdrawal is 50k sats. It will take many years of spinning everyday to reach that amount if ever.
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89 sats \ 3 replies \ @BITC0IN 21 Oct 2023
They brought it upon themselves
https://www.reddit.com/r/Bitcoin/comments/12kpawz/boycott_bitcoin_magazine_their_shitcoin_conference/
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155 sats \ 2 replies \ @Zepasta OP 21 Oct 2023
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0 sats \ 1 reply \ @beef_yogurt 22 Oct 2023 freebie
In 2014, Vitalik Buterin received the Thiel Fellowship. (Yes, that Peter Thiel)
The Thiel Fellowship, also known as the "20 Under 20" fellowship, is a program established by Peter Thiel's foundation to provide financial support and mentorship to talented young entrepreneurs under the age of 22., $100,000 to support their startup over the next 2 years offering guidance and mentorship.
Vitalik Buterin was awarded the Thiel Fellowship for his work on Ethereum, a decentralized blockchain platform.
17 sats \ 1 reply \ @343pg 21 Oct 2023
Excuse my naivety, but how does that business model ever work? Shouldn't we be paying them to read their content?
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0 sats \ 0 replies \ @Jayden 21 Oct 2023
There are a lot of ads. Ads -> Money -> small reward for the customer
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7 sats \ 1 reply \ @joshuawhe 22 Oct 2023
Have you seen the prices of print issues and Bitcoin art on their website?
£3000 for a magazine?! They must be losing their mind.
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0 sats \ 0 replies \ @Zepasta OP 22 Oct 2023
I know right! It's insane lol
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7 sats \ 1 reply \ @BlokchainB 21 Oct 2023
Bear market. I think they are getting squeezed. Plus they laid off a lot of staff
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8 sats \ 0 replies \ @WeAreAllSatoshi 21 Oct 2023
Source on the layoffs?
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1 sat \ 0 replies \ @MattInTech 21 Oct 2023
My reaction would be… who cares? Their content was crap anyway. It’s impossible to generate that number of daily articles and keep an acceptable quality level…
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0 sats \ 0 replies \ @03374a589e 22 Oct 2023
Standard practice - offer big rewards to get hype and initial traction. then start lowering things, just like binance and the referrals thing.
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0 sats \ 0 replies \ @TNStacker 21 Oct 2023
funders ready for some ROI...
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0 sats \ 0 replies \ @fedelang 21 Oct 2023
You mean shitcoin magazine?
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0 sats \ 0 replies \ @Scholarhacker 21 Oct 2023
Promotions come and promotions go. How they market will vary based on their changing strategies and business circumstances.
It is weird, however, that they haven't said anything about it.
I still appreciate the 5 sats per article read though.
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0 sats \ 0 replies \ @SATsStandard 21 Oct 2023
Pump and dump LOL
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