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There were already a lot of sites doing the "keep your cash in our system" model. I was also sure there were some legal issues with a cash system, but in the en
by mathgeek 13y ago
There were already a lot of sites doing the "keep your cash in our system" model. I was also sure there were some legal issues with a cash system, but in the end it was mostly about differentiating.
- jonlucc 13y agoI only ask because it seems like the only barrier to entry. I know the math is easy, but it still is math for the user. Are you comfortable sharing numbers about how many users are repeats? It seems like a very sticky system.
- mathgeek 13y agoTrue. It does take some getting used to. I think it's better now that it's a simpler $1/100 translation. Among users who complete at least one trade, the raw average is 15 trades/user (that just a trades/users calculation). Right now, 91% of users who complete at least one trade come back to trade again.