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March 17, 2015, 10:05:18 PM |
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Blog4Bitcoin (currently at blog4bitcoin.net)will be a core part of enabling many bloggers and businesses to earn and experience Bitcoin.
Starting with a Wordpress Multisite (where they can register and get a free blog site like Wordpress.com), the focus there will be on students initially and will encourage them to post home work, theme papers etc. as the first step of a way for them to earn Bitcoin for their intellectual property (that is often just going to waste). Though I am personally close to 4 colleges and will be targeting them there is no age or grade restriction.
The traffic their user generated content generates will then be leveraged to attract advertisers. Each blog site comes with a web directory installed whereby one advertiser's submission gets their link placed on all sites participating. As the network effect of the student generated traffic grows, advertisers can bid against each other for position. Since students are compensated a percentage of all the advertising sales their site generates they receive raises as their customers increase their bids. They also will receive payments for as long as the buyer continues to pay.
Each blog site can also offer and enlist new bloggers. New registrants get the same earning opportunity and the student will get "override" commissions on the sales of their recruits (AKA multi-level approach). There is never any fee for joining, however, and never a commission earned for recruiting.
In addition to being able to offer a free MultiSite style blog, visitors with Wordpress sites can download and install the same Wordpress plugin and get the same fully populated (with categories, links and management) as what is on the Multi-site. In order to download the plugin they must register (in order for them to receive their commissions) which also insures the student gets credit for their registration (and the overrides).
There is also a PHP script (which is a little more involved to install and requires the user have a site page template) with the same registration and override commission features.
Any user with a website can register and advertise. They can start advertising for free. There is a payment gateway for both Testcoin and Bitcoin (currently deactivated) but each registrant is getting one Testcoin right now where they can experiment with bidding for position (and the commission payments can be seen operating). Payments are charged and commissions are rewarded daily.
Students can also use the traditional Bitcoin address on their blog material and get payment directly (with no commission split).
What Needs Testing:
1) The original Wordpress site did not include any hierarchical tracking. It required custom coded, integration with existing commission payment coding.
2) The payment and commission processing is on a separate server from the Wordpress server and has a separate login system. I was able to use the the original registration process to duplicate authentication credentials. How cumbersome/confusing is it?
3) Each registrant automatically gets 1 Testcoin with which to bid with. The reports of the earned commissions is also pending but could use feed back about the user experience as to what to generate in the reports.
4) Bidding is a different (perhaps strange to some) arrangement to which the nearest thing I have found to it is referred to as a "Yankee Auction". How will that be received?
5) Bidding is refundable for one hour after being made and the crediting and reimbursement needs to be checked (especially around midnight when payments and commissions are processed). Is one hour long enough? Too long?
I believe everything that has been coded correctly so far and is working properly but I am the sole developer so thorough testing is a chore. The copywriting and instructions are likely off because I made some major changes to incorporate the Wordpress software and could easily have missed things. Any feedback will be appreciated.
If users are interested, a secondary test might be attempted of the exchange. The exchange consist of a simple Smart Contract mechanism whereby those that have accumulated commissions can sell them for deposits to their own bank account (where the seller can verify the payment was made). This site is a Bitcoin payment system only so the exchange was built as an easier way to put funds (Bitcoin/ad credits) into the buyers' hands.
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