Hi there,
I found the concept of merit quite interesting. I won't go into details about why it could be interesting or why it could be abuse but i will only focus on one thing in this post : The initial distribution of Merit point.
Indeed I found that the initial distribution really quite unfair.
Why? Because for the initial distribution, the current rank on the forum was used like this :
Current Rank Distributed Merit
Brand new 0
Newbie 0
Jr Member 0
Member 10
Full Member 100
Sr. Member 250
Hero Member 480
This distribution did not take into account the percentage of compleation of your next rank.
Indeed if you were a brand new Member, or a Member on its way to pass full member in 2 days you get the same number of merit initially : 10 merit point. You will then have to earn the same merits point than the brand new member even if your activity was more higher than him.
The activity level should have been used for this initial distribution because it reflect more correctly the percentage of compleation of your current rank and therefore it's more fair.
After this initial distribution, activity and merit are completly separated but for the initial distribution i think it would have been better to use the activity as a metric to distribute the merit point than the rank.
What do you think about it?
Even if it is unfair, it is not going to change. Sooner you accept and move on better it will be for the forum. |
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Only thing that Merit is bringing now is Merit sell on local board and other forums. No more. And i don't see any action of Mod about this thread in local board.
There is another positive side I am seeing. I saw a lot of Jr Members making quality posts and getting merited for those. Better opt that route. |
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If I send merit points to someone I will loose mine ? Or it's just a like in social networks ?
Your total Merit score won't be affected. You'll lose your spendable Merit points (sMerits) How do you get your spendable Merit points (sMerits)? and how many?. You get half of the spendable merits for every merit your receive. If you get 10 merits for a post, you will get additional 5 Smerits. |
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If you want to be a merit source:
Collect TEN posts that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread.
Can someone show an example on a curation of 10 posts that qualify someone to be a merit source? |
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The new Merit system seems ingenious in weeding out spam posters and low quality posts as it depends on the reader's response to the post. Thereby in order to rank up, one must rely on the generosity of the reader.
However, most people don't really bother learning about new stuff. It's 2018 and there are still many people who don't really understand blockchains! In fact, the natural tendencies of people is to just read posts and not bother with interacting with forum threads.
So, basically at this point, I believe only the old guards of the Bitcointalk forum would actually use this system which we have seen in the old "Trust" system.
I propose that the +Merit link be renamed as +Like because most people in the internet understand that more as they've seen it in Youtube, Twitter, Facebook, and etc.
Don't you agree? I believe renaming it would increase its adoption rate.
It is hard to please everyone. If it was declared that it will be "likes", someone might have posted about renaming it as it is not unique. |
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Hello People of Bitcointalk Forum. Greetings, my name is athanz88.With the implementation of new system called "Merit Point System" today, there are lot of emotions going around the forum right now, especially in the meta section. You can find about it more at : As I'm not going to discuss about it here (because the discussion is happening on the thread i mentioned at the upper line), I want to propose a poll to a simple question, which is How Do You Feel About The Merit Point System???What I'm asking here is only your emotion about this new system (for the poll) and 1 line of your best reason why do you feel that way. Without any discussion in this thread. I made this poll because it is good to know the statistic for new system as it can be used to do many things. You know, data, and the main thing is because there is no poll in the original thread. So, please kindly do this polling. Best regards, athanz88. P.S : this poll and the statistic gathered is only a demographic data and will not be used as a tool to object/deny the new implemented system. In fact, im happy with this new system. If this is wrong, please just kindly tell me to delete or lock this topic, and dont bash me  Overall the intention to implement is to encourage quality posts. But let us see how this unfolds. I am sure some tweaking might be required in future. |
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maybe every new user should have at least 1 sMerit ?
No good. Account farmers would get a ton of free merit, which defeats the whole purpose. Account farmers could still be in benefit especially those who have lot of active member accounts. Interestingly, no one has yet created a petition on https://www.change.org/ to the administration of the Bitcointalk forum about the cancellation / relaxation of these innovations? Wait for some time, the concept is new.  |
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It'd be very interesting kind of token, more like the peer-review type of page-rank reputation system.
maybe at some point level/merit on btt is worth so much money that people are willing to trade off cost for trust...
just some thoughts...
You mean a system to encourage buying and selling of merits in simple words ? |
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It is possible to give. I think that if your post is meaningful and liked by the member, you can get the merit. Probability is less in my opinion.
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Q. Why I am not able to see +merit option ? A. This will occur is you have 0 Smerits currently. Possible in a number of scenarios. Like you are a newbie or Jr member with 0 merits. This means you have 0 Smerits as well and you will not see that option. Q- Where to check current merits in my profile ? A- https://bitcointalk.org/index.php?action=merit |
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Well how much you get depends on the mood of the forum members. In some forums you can get easier as it is faster to use.
Bitcointalk is a little bit slower forum for use so I don't expect many merit points, but it definitely brings out the quality.
Slower in the sense ? I am active on almost all IM related forums and I think very less have as much activity as this one. Regarding question of OP, I am in favor of merit system. |
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The merit system got implemented like 10 hours ago. So expect different kinds of reactions. Either negative or positive, those reactions will add to the improvements of this system.
We will see how it goes for the coming days.
How about giving incentives to an active member who is always giving his / her sMerits to quality posts. Like +1 Merit for every 50 sMerits given. So a member will not only make quality posts, he / she will also read and give sMerits to those who deserve it.
That will be very difficult to track for moderators. So far as giving Smerits is concerned, there is no point in storing the. It is mentioned that they may be nullified if not used for long term. |
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This method of awarding merit to quality and contstructive post will surely increase the level of good posting in the forum,
i but i do feel that there should be demerit as well for post that are considered "shittypost" or "spamming post" rather than negative trust to such post,
Having some members able to generate merit from nothing to some certain limit, hope this wont be takeb advantage of by such members.
Implementing a lot of features at one time can result in confusion among the members. It is better to see how members respond to this and then make additional changes as required. |
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How many sendable merits are given by default to different rank levels ? Shouldn't be half of merit points as declared in official thread ?
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If you still need a translator, I am ready to help. It would have been better if you mentioned the rates clearly as well.
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You will most likely fall in 30% income tax bracket. An option to save tax here is make accounts in name of other family members and transfer some Bitcoins to them. Then take out money in their bank accounts. It will reduce the taxes and if you withdraw til Rs 250000 in one account of a person not falling in taxable income there will be no taxes.
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Crypto market is growing at a very fast pace in India. You can see that some of the exchanges have even stopped new registrations as they are not able to handle current requests. I think that 2018 will see more expansion and if Jio coin is launched this year, it will change the game completely.
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If everyone has 100 Merit points, then the person presses the + Merit button on someone's post. Is the Merit of that person reduced to 99 or fixed 100?
Merits and sendable merits are different. When you press + merit, sendable merits are deducted by that amount, merit will remain same. |
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So, the main question is why did not you give merits based on activity?
Because it will not stop spam posts. Activity can be gained by just making posts daily one on average. Merit is to ensure that people make quality posts. Now I can send 4 merits, so what will happen when I spend all 4 merit.
You cannot send anymore. When you receive more merits in future, you will get half of those as sendable merits which you can again send to other members. |
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I think this is an exceptional case and now they are the best exchange to buy and sell Bitcoins in India. This is because:
1) They have a fast and smooth app which makes buying and selling Bitcoins as easy as placing order for Pizza.
2) It is one of the most trusted Bitcoin exchange in India. You cannot trust new exchanges especially if you invest huge amount.
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