This is really a very nice initiative QuestionAuthority you have started it. It will help many people who are missing those points to move up the ladder when they think they deserve to get some points and also it is an inspiring for the other fellow members that with spreading of the knowledge whatever they have learnt till now or to imbibe the knowledge during the course of time and start distributing to people who require on this forum or outside this forum. As coming from the country where it is not considered to be legal yet and coming from the town where electricity is still not full available 24 hours its being a hard journey but I would say the experience has being good so far. Though would have fractional % of knowledge of this gigantic world of cypto currency but wherever and whatever way possible trying to put my point and share the knowledge. Also few posts do belong to Altcoin section as well in case if it still fits the criteria below is the posts link. https://bitcointalk.org/index.php?action=profile;u=1074529;sa=showPostsYou have an interesting history. You are just as likely to visit altcoin threads as bitcoin threads but are more likely to attempt to convince people to buy btc in the altcoin threads. Obviously you support bitcoin. I know you’re trying to become more fluent in English so I will try to make this easy to understand. Because of one of your posts, I’m going to ask you this question. Why are some bitcoin transactions cheap and get the first confirmation fast and others are expensive and slow to be confirmed? |
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Slow and steady is more preferred to keep people from thinking it as a speculative bubble. However, this isn't nearly a reason for the government policies to get loose and be more accepted by the public. Bitcoin adoption needs more time; yes it has been 9 years in the space but in retrospect, internet took decades to be fully incorporated in our society
That’s right, it should have climbed at a rate commensurate with its development. It should easily be capable of handling every new influx of users at every growth step. Of course, that can’t really happen because no one is really in charge of bitcoins direction. Even when power players do get together, like at conferences I’ve attended, they never really come up with any solutions. They simply bicker with each other, spend all of their time arguing their position and never listen to other points of view. I went to a conference in Las Vegas where Patrick Byrne (of Overstock fame) was in attendance. There was a collection of little technofags that were chasing him around the conference begging for VC money to start their pet project. They all looked so stupid chasing him that I was embarrassed for them. All I could think of while watching them make their pitch was, Bitcoin isn’t ready for that you stupid fool. |
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There are too many men here. Only women should be allowed to post in this thread. I’ve never met a man that really understood why women do anything.
Men are one dimensional creatures, similar to parasites, that only live to eat and reproduce. Women are civilized human beings.
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Excuse me, Sir can i ask here? why if members affected by red trust they are not allowed to follow bounty ? but if I see there is a bounty manager who is affected by red trust but can still manage a job ? can you explain to me why it can happen ? because I'm curious, and I want to know the answer because asking includes my most effective way of learning in this forum Thanks before  I don’t really do the whole “bounty thing” but I can tell you that trust systems aren’t perfect. The trust system is exactly what it sounds like. It’s a system that allows people to tell others that they trust someone or they don’t trust someone and why. Trust, just like any other system created by humans, can and will be abused. In order for me to answer you I would need to know how bounty managers get their jobs, I don’t. I would also need to know why negatively rated members are not allowed to participate, again I don’t know. I’m sure you can get your answer from someone in the meta subsection if you start your own topic. Sorry I couldn't help. but I really appreciate your opinion. because with a big rank of this, you still want to answer questions from a newbie. I do not mind your answer, I am always happy if anyone would care about the newbie and give advice to him, so as not to go wrong during the discussion in this forum. big thanks sirr Trust me, my opinion is nothing special. LOL That mentality is wrong. You’re a very respectful person and I appreciate that but no one here, regardless of rank, is any more important than anyone else. All Legendary means is you’ve been here longer and contributed to discussions. You can still be a scammer, shill, criminal or a complete idiot and be Legendary. New members are here to learn something and long time members should help them. Unfortunately, it doesn’t always work that way. |
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Excuse me, Sir can i ask here? why if members affected by red trust they are not allowed to follow bounty ? but if I see there is a bounty manager who is affected by red trust but can still manage a job ? can you explain to me why it can happen ? because I'm curious, and I want to know the answer because asking includes my most effective way of learning in this forum Thanks before I don’t really do the whole “bounty thing” but I can tell you that trust systems aren’t perfect. The trust system is exactly what it sounds like. It’s a system that allows people to tell others that they trust someone or they don’t trust someone and why. Trust, just like any other system created by humans, can and will be abused. In order for me to answer you I would need to know how bounty managers get their jobs, I don’t. I would also need to know why negatively rated members are not allowed to participate, again I don’t know. I’m sure you can get your answer from someone in the meta subsection if you start your own topic. Sorry I couldn't help. |
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I figured since the forum was called bitcointalk not altcointalk, it should be considered more about bitcoin than altcoins. Merit system is a great idea because it will make people to spam less and didnt post anymore trash topics or topic that has been discussed over and over again. It will surely make things harder for bounty hunters and people seeking to gain profits from forum but it surely worth it because people need to work harder to gain money, its not given to you freely because 1 user got multiple accounts and i really appreciate what you did here. It will be a while to gain another promotion but it makes more interesting to observe and learn more about knowledgeable thread
You definitely understand my viewpoint but my viewpoint isn’t necessarily the best one or even the correct one. This forum was originally about bitcoin because in the beginning there was only bitcoin. Theymos (the person that oversees the forum) is very liberal in his viewpoint. He allows people here to have more freedom than probably any other forum on earth. That is a really good way to run a forum for a groundbreaking new technology that will draw people in from all corners of the earth and all walks of life. That liberal view supports open discussion and provides a springboard for innovation, new ways of thinking about the world and our place in it. We need that intellectual freedom to allow cryptocurrency to evolve. Part of that evolution includes altcoins. Debates and arguments that I watched unfold here (is PoW the right system, is SHA-256 the right Algorithm why not Scrypt, why only 21m coins) have led to the development of cryptocurrency variants by the people that were the best and brightest of the bitcoin supporters. Theymos rightly created a section where they could organically grow and feed off of each other just as bitcoin supporters had always been allowed to do. That liberal viewpoint and accompanying freedom unfortunately had a negative side effect. It allowed unscrupulous people to abuse the system and begin degrading the forum. Slowly, over the years, people began using the forum to make money instead of brainstorm and innovate. New members came here to leach off of the system. Advertisers of altcoin variants, ICOs, gambling sites and others realized they could make money by convincing posters to spread their product all over the forum. The abuse of Theymos liberal generosity has become so bad that he has had to act. But once again, in typical Theymos fashion, he won’t just stifle the open discussions and create a system that crushes the views of the few in favor of the many. The merit system is his attempt to regain control of the forum without overly controlling individual freedom in the process. I see you're a bounty hunter and are here to make money, but I also see you involved in conversations. More people need to be like you and realize that joining a conversation and participating will help them grow and learn while they are making money. |
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This is really an excellent thread and I couldn't stop reading through all of it. We need more and more threads like this and if they'll come I will start to be more optimist about the possibility of the Merit rules to be really effective in the way they were thought. I can't apply for your merit distibution since nowadays I'm more an altcoin person, and anyway I'd need 250 merits which are unachievable so I've decided I'd stop to care. I became an altcoin person since I've missed the boat of Bitcoin. I've stumbled in Bitcoin in the spring of 2010 and I've got very excited by the project and planned to delve deep into that. What then happened is that I left for a trip and me being twice the age of most of the people in this forum, my memory is not what it had used to be and when I came back I had simply forgotten about Bitcoin. I then tried to jump on the Bitcoin boat in January 2014 - started to study the issue 18 hours a day, bought Bitcoins ATH just before a long bear market (which led me to explore altcoins, which led to new disasters) then I bought a few BTC ASICS which never ROIed (one soon broke while the Swiss company which had produced it had just gone bankrupt), got coins stolen from 4-5 exchanges (Mintpal, Crypsy, Allcrypt, etc) and worse then anything I realized that 90% of whatever was happening in cryptospace were just scams or Pump&dump schemes and so after 6 months I left the whole field broke and in total disgust (otherwise I'd be Legendary by now, BTW, and probably very rich as well). One can spot my idealistic and unfitting early approch to this world by my very first posts on BCT. But I digress. If fact, the reason of this post is because I have felt the need to comment your following statement: I believe every time another altcoin is born it dilutes bitcoins user base slightly In a way I think it is far worse than that. Even though a few altcoins with revolutionary features add real value to the whole sector, and even create an echosystem which as such is more solid than Bitcoin alone, the moltiplication of altcoins with similar features are in a way violating the rule number one of Bitcoin: the finite number of coins which will ever exist. This is especially true for forks like Bitcoin Cash, which de-facto double the quantity of "Bitcoins" in circulation. Of course they are not real Bitcoins, but since someone considers them to be Bitcoins, in a way they are. These clones not only dilute bitcoin's user base, but in fact they create money "out of thin air" - which essentially violates the rule number one (or two) for which Bitcoin was born. Bitcoin Cash's 27 billion USD capitalisation was created out of thin air just by forking a blockchain. Multiply this for all redundant altcoins which continuosly are coming into existence, with the pseudo-capitalization of the whole sector spinning out of control, and you get the picture of the looming disaster. Thanks for the kind words. The altcoin people that have stopped by this thread have been very kind and supportive. It almost makes me wish I knew more about altcoins. I did pass along some merit to vlom in his thread to help give him a start helping in the alt section: https://bitcointalk.org/index.php?topic=2833111.0 All of the altcoiners that stop in here should think about helping him out. I do agree with your acessment of the altcoin situation. I’ve also always wondered what the effect of all the different altcoins is having on Joe average consumer. Joe might have attempted to learn about bitcoin and give it a try but is now confused by all of the different options and gives up. Or worse yet, buys Bcash thinking he has Bitcoin and finds out he can’t spend it at Microsoft. |
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Yeah, I see lots of examples of your knowledge and participation going back to early 2015. If anyone wants an example of how you can participate and become involved in conversations look at this persons post history. Thanks for stopping by, you’re exactly the type of forum member I’m trying to help. You’ll be a Legendary Member someday if you keep doing exactly what you’ve been doing all along and increase your activity. Awarded 20 merit points |
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I know there are at least 10 other posts from others suggesting the same thing, with a sticky thread, you know where to go, if you need 20 merits to rank up, you'd post that you'd need 20 merits and a review, a merit source could check that sticky thread to find a member in need of merits to rank up, first thing the source should do is to merit a request by 1 to let others know that he-she is reviewing that member's posts and they should find some other member to review.
After ranking up, you should go back to your posted request and edit your post to say ranked up. even if you are farming accounts, having somebody reading your post history would not be a good thing, that's why having members to post in a thread is a good way to find all the information such as finding which source is responsible for ranking up of which accounts.
That’s an interesting idea. |
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Is it possible that I have found a bug? Or it's just my browser that tricks me... or this is the normal behaviour and I have to be cautious hitting refresh in the browser... Have you also noticed if you see this page, after you have merited someone (Merit sent!) and you hit the refresh button in the browser, the merit is sent again? (Without asking that I really want to send the data again like when I fill out a form on a normal webpage and hit send, after if I hit refresh, it asks me if I want to resend the same data) (No, I don't want to trick you to send me a merit and after hit the refresh button to send a second one  I'm just curious if it works for you too or it's just my browser....) Well in my case, my browser does always give me a pop up notification to stop me from doing the same action accidentally. Maybe you should try to use another browser, or just reinstall that one you're using. Yeah, I posted about that 10 pages ago but this thread is moving too fast. |
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Make an sticky thread either in meta or here for anybody who needs to rank up but doesn't have enough merits, if they haven't received merits, they could request for a review by merit sources, you could then read their posts and give them merits.
Any body who feels like asking for merits is a ridiculous idea, there is no way for merit sources to read all the posts of every body, but if they could see that you are requesting for it, if you deserve it, you will get enough merits to rank up.
If you are Bitcoiner or not, you should be treated the same.
I think there already is a list of threads for people helping others rank up. I placed this thread in the Invites & Accounts section for two reasons. First, I wanted to give current members that might be tempted to buy merit because they were close to ranking up a place to do it without breaking forum rules. I figured if anyone was going to try and sell merit it would be here. Second, frustrated members that see accounts for sale (accounts that are at the rank they are trying to reach) can see this thread and realize they don’t have to pay. They can just do it for themselves. Hopefully, this can help reduce the number of people buying accounts that are only here to pollute the forum. I agree that people are here for different reasons and everyone should be treated the same. I’m happy to say, I now see there are people helping most of them. |
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You realize that in the above scenario Satoshi’s vision is completely lost and bitcoin is a failed experiment. That scenario goes against the very reason Satoshi invented bitcoin. He intended bitcoin to allow people to send value between each other without the need for a bank in the middle of the transaction. When huge investment firms control bitcoin, bitcoin is the bank.
The idea of digital cash died the moment Satoshi decided on a hard cap. Hoarding and reluctance to spend is inevitable. That's what all humans do and no amount of cajoling will encourage them to give it up. There might be some usage as currency if it ever becomes 'boring', but to get there it has to get through the speculative phase and become a store of value first. That implies a monstrous price. Even then if you have USD to spend you're still going to prefer to get rid of that. Satoshi's original vision may well be fulfilled by another coin, certainly not BCH, but that won't mean Bitcoin failed. It will have morphed into what its initial parameters dictated. That’s a good point. Even if bitcoin implodes maybe it will lead to something that does fulfill his vision. |
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I don’t really speak that language so I can’t tell exactly what your saying. You have a local mod that would be better equipped to help you with that assessment. Thanks for trying to help out the members of your local sub. |
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That’s great! I like seeing that the local subs are represented. I read that you require original content and technical content when selecting comments/messages. That’s a great addition. I see you already have lots of support for it. If you need assistance, let me know. |
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Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.
So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?
I think it’s equally important for bitcoin supporters, devs and infrastructure operators (like mining farms and exchanges) to ask themselves how bitcoin should grow. Is it just about money? Should it just climb in price as fast as possible and be really safe and cheap to cash out? I’m not yet convinced that Lightning Network can be a decentralized system. Even if it doesn’t form around large centralized hubs and exchanges, is that really the system that we want? Segwit is also only a partial solution. Keeping in mind that an increase in user base is crippling right now, do we really want to increase adoption? If all you see bitcoin ever becoming is the next great dot com gold rush then the answer is yes. Let’s bring all that new money in and cash out before it collapses. If you think bitcoin should be something more than that then increasing adoption before its ready might not be a good thing. Unless you enjoy high fees and 200,000 pending transactions in the mempool. |
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I have no clue what will happen but I agree that inevitable international regulation will stabilize the market and bring in capital.
One point: cryptocurrency is extremely technology-centered. Every day Bill Gates worried about some new innovation that could kill Microsoft, even as Microsoft grew to dominate. This technology-based open source fork heavy cryptocurrency market is wildly unpredictable, at least in terms of who will dominate. I do think the market overall will grow tremendously though.
You are not wrong, technology based industries are always just one step away from changing completely when a new invention is created, the same way bitcoin is changing the way people perceive currencies, however bitcoin is not stagnant, the devs are doing everything they can to improve bitcoin as we saw in the last year, so bitcoin still is the main candidate to become a store of value and the currency of the future. The core functions of store of value and being the digital gold is not having to be the fastest transaction platform or most featureset. Part of the lack of adoption for rapid transactions on bitcoin is how many are actually going to use it for commerce. One thing that folks that have been in bitcoin for a while will acknowledge is that when I spend my bitcoin on other things, we have robbed ourselves on potential gains. While that was a thing to do initially, the rarity, rapid increase of value creates a HODL mindset. When newegg began accepting BTC, at the time, we spent many bitcoin on hardware components, upwards of 200+ BTC. This comes with a deflationary currency, in an inflationary currency like fiat people do not have any incentive to keep cash around and save for the future, this is why most people that I know have more debts than savings, if they have any savings at all, if bitcoin is a store of value then every single bitcoin that you spent could have been saved and sold for an higher price later, this is going to create an economy where instead of quantity business will have to offer quality. Absolutely correct, extreme deflation causes runaway price. Bitcoin has a money supply that’s tightened by design. The deflationary pressure will increase as more coins are purposefully burned or accidentally lost. There is no wise body of scholars overseeing the bitcoin economy, collecting data, reviewing the consumer price index and waiting to increase the money supply to avoid runaway deflation. That’s the great joke on Satoshi. He must have been a fool to think forced deflation leads to a viable economy. The cheerleading poster that shouts, “to the moon, bitcoin will be $100,000 by next year” is probably right. It’s growth will be exponential. Unfortunately, he only sees his personal profit and can’t see (or refuses to see) the big picture. It will eventually become almost impossible to have any kind of economy using bitcoin. The pressure to horde bitcoin at its current price level is already immense. People are incentivized to wait a little longer to sell and when they do part with their precious btc they go straight to an exchange. They don’t spend it. Imagine how that pressure will increase with a $100,000 price per coin. Now people with tiny fractions of a bitcoin are making big money from holding it a little while. Huge investment firms are rallying around bitcoin attempting to take control of the system. Devs are being outright bribed (or worse, threatened) to implement changes that favor corporate investors. Community development oversight fails when promises of the big, big money suddenly appear. You realize that in the above scenario Satoshi’s vision is completely lost and bitcoin is a failed experiment. That scenario goes against the very reason Satoshi invented bitcoin. He intended bitcoin to allow people to send value between each other without the need for a bank in the middle of the transaction. When huge investment firms control bitcoin, bitcoin is the bank. |
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Lead me to your thread when you start it and I will merit the thread to bring attention to it. I knew this thread from this guy's thread and he's doing the same. I decided to post on that thread instead of creating a new one to avoid confusion. So, you can merit that thread instead. Done |
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This is very cool of you, QA. I've also started this approach in my Local Sub and maybe share the result later. I hope this kind of act will encourage people to stop spamming and start to understand Bitcoin.
Thanks, that’s really great of you to start that in a local. I’ve wondered how local sub people were going to rank up with limited visibility. I really do think this system can help people start wanting to be here for the right reasons. The funny thing that I’ve learned from this forum about arguments, debates, trolling, civil discussions and questions from newbies is that they all make forum members become engaged. They cause people to learn and grow organically inside of a specific knowledge sphere. I frequent a thread about religion and troll the crap out of it. I’ve learned more about people and religion from being in that thread than I could ever learn about religion from a book. I think this system will force people to become engaged in conversations and learn whether they want to or not. Lead me to your thread when you start it and I will merit the thread to bring attention to it. |
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Well, isn’t that interesting. I did glance at that before but I never thought about what the stats are showing. That’s really great, you can see some of the best posters at work. |
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Just a little tip for people sending merit: If you click the browser back button immediately after sending merit you will send it again. Unless you intend to merit the same post twice, close the window after sending.
Thanks for the tip and congratulations on being top of the Merit giving generosity table. It's great to see someone putting so much effort into making this work. Thanks, where can you see that listed? |
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