Post
Topic
Board Reputation
Re: Cryptotalk 1 BTC Contest Manipulation
by
o_e_l_e_o
on 01/11/2019, 10:11:47 UTC
I wonder what their end goal is... somehow converting those users (or readers, if there are any) to yobit users?
Yeah, I can't figure that out either.

Their entire business model at the moment seems to be to attract spammers. They pay the worst of the spammers on here to advertise, and they pay literally anyone to post anything over there, including non stop spamming in the competition. They are attracting spammers who are willing to "work" for 10 cents per post.

At some point they need to turn a profit, right? But what profit can they expect from their user base? People who are willing to spend several hours a day spamming posts for 2 or 3 dollars worth of bitcoin aren't exactly going to be trading large volumes, even if they did start using YoBit. Similarly, they could maybe charge for ad slots, but what kind of return are crypto companies going to see advertising to these users with very poor knowledge of crypto and only a few thousands satoshi to their name?