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If you can buy a new phone for $5 and the referral bonus is $20, there's $15 arbitrage to be made just by buying up as many phones as you can.

So I think their goal is not so much about identifying people, but identifying devices in order to prevent this loophole.



But can you buy (even a stolen) iPhone for USD 5?


The question is, can you buy it and sell it again with less than a 20$ loss




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