Isn't this propagating the problem? Merits start having a monetary value and there are only a number of merit sources who (except goodwill) are not obliged at all to give you merit. I find the idea behind merits perfectly OK, it is the execution that is flawed.

Some tweaking is definitely needed in order to make sure that merit does not become the very problem it intended to solve.

This is not adressing the problem at all, you are trying to solve the issue by introducing another questionable concept. The forum does not need people to do jobs to ensure an increase of merit. Unless the people have a legitimate reason to give merit (because they do not have that right now), this system is not going to function. What we need is a real incentive for people to give merit to other people.

Well it's not entirely fair to tell people to stick to their local boards just because English isn't their mother language, is it? Most local boards offer limited content and discussion, as such, people want to be where the majority of the action is going on.

However, there should be a distinction between people who are not native speakers but making a genuine effort to write good posts, and those who blatantly use google translate to translate whatever they wrote in their mother language, and just copy and paste without checking the content. The second group should not be excused.

In that case we need a system that makes sense, and not implement a faulty system and try to keep it under control with further checks that cannot be enforced realistically. Eliminate merit sources, because merit sources create a bottleneck in terms of what has become a valuable resource on this forum now, and bottlenecks can and will always be exploited.

You can divide all coins into fractions, so you can own less than 1 of any coin. Which means the scenario you describe should never become a problem.

Whether the prices will reach that far, is highly debatable. I don't think both of these coins will ever reach the price points you mention.

How do you expect anyone to confirm this? No one can confirm something like this if they are not a fortuneteller or a time traveler.

Perhaps more important than that, check out a calendar. February this year has 28 days.

Those posts weren't worth anything without the merit system anyway. All signature campaigns mandate that the comments be constructive and above a certain number of characters, so the posts you describe were and still are worthless.

As I also said in another thread, the problem is that there are no incentives to give people merit. It is not changing the user experiences of the people who give merit on this forum so there is no real reason for anyone to give merit.

Maybe the coins may be worth something as a novelty, similar to how people like to collect old banknotes and coins and so on. Due to this I think the price will never reach $0 although bitconnect has collapsed, since there will always be some interest in this token for comedic purposes.

I would agree with you if there was an easy way to identify these posts, like sorting posts in a thread by merit; which probably wouldn't make much sense in a forum setting as well because the order of the posts is integral to understanding what is being discussed. As such, in its current state, I'm not convinced how merits are going to improve the quality of discussions in an average thread.

I get the point alright, but I think it won't work, because you are relying on the benevolence of total strangers who are supposed to do you a favor even though they gain absolutely nothing from it. Especially when you consider that there isn't enough merit to go around in the first place.

My question still stands: What happens if they expire? Even if I had millions of sMerits which I could give to people every day, why should I give merits? Giving out merits is not changing my life in any way.

I have a question which I think hasn't been addressed yet: Why should anyone give merit? What is the incentive behind it?

I understand that we are trying to implement a system similar to reddit where people are motivated to make high quality posts in order to get upvotes, but the way reddit displays posts is so different than us. Redditors are motivated to upvote posts because high quality posts always appear on top, so whichever thread I go to, I'm likely to see high quality posts at the top. That means it is in my interest to upvote good posts because I always want to see good posts at the top.

But this is a forum and no matter what the merit count of a post is, it will always be in the same position, so giving merit is not affecting anybody's user experience on this forum. As such, I feel like there will be a huge lack of merit, especially for relatively new users, because no one will feel the need to hand out merit.

So in summary, my question once again: Why would anyone give anyone merit?

Thanks in advance for anyone's response to this question.

It's because governments still have not taken an official stance on bitcoin and cryptocurrencies as a whole. There is the threat that exchanges may be banned, or income off of crypto declared illegal, so a lot of people are not willing to take this risk. If bitcoin were to finally become legitimate, we wouldn't see mooning coins anymore but the market cap would definitely go through the roof.

But why? Why should any user give anyone merit? Do they earn something if they give merit? It's not like reddit where merited posts appear above others, it's not changing anyone's forum experience at all.

The scarcity of merit aside, as long as you can't create incentives for users to give merit, this system cannot work.

I don't think it can be considered a speculation, because it has such a huge scale and a high market cap I find it not viable that an operation of this size is running on speculation (although people against bitcoin believe this). It is definitely an investment, albeit an unconventional one.

OK, let's assume the initial drop was due to people being scared that bitcoin is a bubble about to burst.. After that sudden drop the price had begun to recover, so why the drop now? Not only bitcoin, but pretty much every single altcoin is down by double digit percentages.

I have invested in quite a number of different coins so far, and although I have made profits off of most of them, everytime I buy a new altcoin, I leave some of it behind because I use binance and every time I trade I leave some dust behind. Hopefully I will be able to recover those bits and pieces of coins eventually.

Sorry to hear that man, I hope you will recover eventually. Crypto or not, for any market, it is not advisable to invest all your money in one single thing, although the profits may seem very attractive. You have to always diversify your portfolio.

Those features are of course nice, but a lot of new alts are offering those two things nowadays. Are there any other features that RailBlocks has, or is it just another generic coin? I see people on the internet are very optimistic about it, but I haven't read anything so far which made me think this coin is special.

I don't have a concrete goal, I hope to know the point that I'm going to cash out when I get there. But in any case I don't have any dreams of becoming a crypto millionaire or something; just some additional money in other than my salary would be more than enough for me.