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Eventually we're going to run out of "fresh" surfers. With that fact alone, ratios will go to hell.
That's before you add in all the spyware apps that are replacing ref codes and worse. I'm not classifying ANYONE in particular as doing this, I don't care who's doing it and I don't want to know who's doing it. But at the end of the day, if I were to guess, I'd say upwards of 30% of referral code links are probably being replaced with something else.
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