According to my Activity and posts my rank should be Full Member by now but it is still Member. I know that Merit system is also implemented now but it will make almost impossible for me and thousands like me to advance to next rank. I hope there will some options for me and many members like me.
Yeah, you're right. You've got it rough! Damn! The best way is to take back this merit system and simply democratize the forum another way is to start a poll where members can vote in favor or against this system and the results should be implemented.
This sounds like a BRILLIANT idea! I know how we can democratize this place, let's have you set up a poll in Meta that asks for a "yay" or "ney" vote on the current Merit system. Let's let the people decide! But how can we trust that your intent is true? If you're going to challenge the worthiness of the system, the People also should have the right to vote on your post quality. I can set up that thread and let's see where the chips land with this mess...sound good? I think he's missing the point of democracy... The merit system IS a democracy. It's based on users giving merit for posts that THEY deem meritorious. It's not like the staff of the forums are the ones who are choosing who gets merit and who doesn't... The merit system is as democratic as you can get lol |
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Do you support this cause?
If you would like to become a weekly sponsor to provide more slots for more signatureless winners, please post here or send me a PM.
If you would like to donate to this cause to help keep this challenge running as long as possible, please post here or send me a PM.
If you would like to become a Merit sponsor (so that I don't run the risk of expiring my sMerit), please post here or send me a PM.
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Current Sponsors
bill gator: Full Sponsor for Second & Third Place
bill gator will reward the 2nd place position with $10USD and 1 Merit for their week's efforts (reference)
bill gator will reward the 3rd place position with $5USD and 1 Merit for their week's efforts.
The only stipulation is that the challenge must have a minimum of 25 participants for the current round. (reference)
DarkStar_: Merit Sponsor for Winner
DarkStar_ will reward the winner with 8 Merits on a weekly basis (reference)
LoyceV: Individual Merit Sponsor + Consolation Prize Sponsor
LoyceV has committed to occasionally meriting posts of participants of this challenge who are wearing the signature if (a) he sees them throughout the forums and (b) if the posts are meritorious.
Additionally, LoyceV is sponsoring a consolation prize eligible to Newbies and Jr. Members. (reference)
legendster: Merit Sponsor (12 Rounds)
legendster has committed to providing 1 merit per week (until Round 14) for a worthy Newbie or Jr. Member participant for each round. (reference)
Heisenberg_Hunter: Bonus Prize Sponsor
Heisenberg_Hunter has committed to providing 2 merits per week (until sMerits are all used) for the Newbie with the best posts. (reference)
Geraldo: Merit Sponsor (3rd Place, Round 6)
Geraldo has committed to providing a merit for the 3rd place prize for Round 6. (reference)
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Backup Merit Sponsors
Oulay (reference) • BossMacko (reference) • ETFbitcoin (reference) • JackpotRacer (reference) • Kemarit (reference)
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Sponsors Archive
hugeblack: Signature Designer
hugeblack has designed and donated the signatures for this challenge. Hire him to design your signatures by clicking here. (reference)
Geraldo: Merit Sponsor (13 Merits: Rounds 1, 2, 3, 4, 5)
Geraldo has repeatedly rewarded ranking winners of multiple rounds with a total of 11 merits.
BossMacko: Merit Sponsor (Round 1)
BossMacko has awarded 7 Merits in total to First (2 Merits), Second (2 Merits), and Third Place (3 Merits) winners for the winners of Round 1. (reference)
pugman: Cash Sponsor
pugman has sponsored and sent a transaction for 0.004BTC to be utilized for any way that is best for this challenge's participants, whether it is for future winners or bonuses. (reference: 1 • 2)
stompix: Cash Sponsor
stompix has sponsored $15 to award the first three ranks with an additional $5 each IF they beat out nullius for these positions.
In the event that nullius wins first place, $5 will be awarded to him, and the $10 balance will be rolled over into the prize purse for future rounds. (reference)
charlie137: Cash Sponsor
charlie137 has donated $5 towards the challenge. (txid)
Toughit: Cash Sponsor
Toughit has donated 0.003BTC to be awarded to any Full Member, Member, Jr. Member, or Newbie that beats nullius in rankings where he is eligible to win First Place. (reference)
This is a one-time offer to the first participant that beats nullius in any rounds where nullius is eligible to win the top prize.
Update: Because nullius has won First Place in Round 1, he has won $5, while the balance rolls over into future eligible rounds. nullius is no longer eligible to receive this specific reward, but the first user that naturally ranks higher than nullius will win the balance of 0.0025BTC.
Toughit has also rolled his winnings from Round 2 ($25) over to Round 3.
Sellingaccs: Consolation Prize Sponsor (Multiple Rounds)
Sellingaccs has sponsored a second consolation prize of 2 merits for Round 3. (reference)
Sellingaccs has sponsored 1 merit eligible to the first non-ranking Newbies or Jr. Member for Round 4 (reference)
Stedsm: Merit Sponsor (Multiple Rounds)
Stedsm has sponsored 3 merits for the 2nd place winner of Round 3. (reference)
Stedsm has sponsored 2 merits for the 2nd place winner of Round 4. (reference)
bitmover: Merit Sponsor (Round 5: 2nd & 3rd Place)
bitmover has provided 1 merit for each 2nd and 3rd place prizes. (reference)
Thank you to all of our sponsors for helping to shape BitcoinTalk.org into a better forum for all!
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This system is pretty flawed if we need lists of threads giving away merit. If it was working as intended this type of thing would be unnecessary.
Good job though for putting this together. Sad it's needed at the moment.
The system has only been active for a couple of months. Once all the default merit/sMerit dry up, there will be less of a need to filter through the bullshit topics/megathreads as the shitposters and sigspammers start killing themselves off of the forums. It just needs time for the system to work; you'll see. |
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Common Questions & Answers about Bitcoin Q. What is Bitcoin? Isn't it just made-up money? A: Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies,products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Q: Is Bitcoin a scam? What about a Ponzi scheme? A: No Bitcoin is not a scam although you need to watch for independent scammers that may use Bitcoin or other cyrptocurrency either as a lure or form of payment. Q: Isn't it too late to get into Bitcoin? A: No, Bitcoin coin has huge long term growth potential. Q: Is Bitcoin legal? I heard it's illegal in some countries. Why? A: Legality of bitcoin is based on every country of a person who uses it. For example, a country banned bitcoin, this means that using bitcoin is already not legal for this country. Bitcoin is also legal as long as it is supported or acknowledged by a country or there as long as it is not banned. (answered by @purple.thoughts) Q. Don't people use Bitcoin for the black market or for illegal stuff? A: Of course it is [used for black market or illegal stuff]. Any form of anything that can generate money is. More crime is funded by fiat than Bitcoin, it's a bit of a moot question. The government/IRS bought software to track Bitcoin and blockchain tech. Sure at some point the government is bound to use national security in the quest to regulate Bitcoin but to avoid Bitcoin because it is used in crime is like avoiding cash cause someone snorted cocaine with the bill. (answered by Walrus1) Q: Why is Bitcoin so expensive? I can't afford a bitcoin. A:You don't have to buy a whole Bitcoin, you can buy satoshi's which are fractions of bitcoins from as little as £50 on some platforms like localbitcoins Q: If Bitcoin isn't bad, why do famous financial gurus like Warren Buffet warn us to stay away from it? A:Everybody has their own opinion on Bitcoin you need to try and make up yours. Q: How do I cash out Bitcoin? A: Use platforms like localbitcoins to sell out your Bitcoin Q: Is Bitcoin safe? A:Yes as long as you keep the password for your digital wallet safe and don't do things like let people you don't trust team viewer into your computer. Q: Who controls Bitcoin? A: No one, Bitcoin is a decentralised currency run by the people. I hope some of my above feedback assist in some way. I also hope I earn some merits.  I didn't even get past your first answer, as you've blatantly copied and pasted the definition of bitcoin from Wikipedia verbatim. This defeats the whole purpose of this thread. While I appreciate that you took the time to google for the answer, you failed to realize that I was looking for answers in laymen's terms, such as if you were answering the question for a friend. How about you re-post your answers that you've taken the time to write yourself, rather than copying and pasting, and I'll give you another shot?
I'm going to add a question that I see a lot on the Beginners & Help board, which I also answer...but I want to open up some health discussion on this particular Q&A because I sense the answer is evolving. Q: What is an Airdrop?HabbyB's Answer: An Airdrop is the crypto currency distribution model used when a hard fork is attempted on an existing crypto currency. The forking coin must issue tokens to match the money supply of the crypto currency targeted for the fork, this creation and assignment of coins (seemingly out of thin air) was called an "Airdrop". A few sources to support the original definition [li=https://steemit.com/bitcoin/@bitcoinflood/icos-are-out-airdrops-are-in]ICOs are out, Airdrops are in[/li] [/list]
The discussion part... More and more people are using the term "Airdrop" differently, I believe some of these new uses are appropriate and some are not. Appropriate new uses of the term "Airdrop" - Tokens given out as a reward to loyal customers/owners of an existing crypto currency
Inappropriate new uses of the term "Airdrop" - Tokens given out when one participates in an advertising or bounty campaign to promote a new crypto currency - this is actually called "income" or "compensation
- Tokens given out for free to anyone who signs up to receive the new crypto currency, must be a new crypto currency - this is actually a "giveaway promotion"
Another source, but I don't agree with it 100% - What are Airdrops?A better source - What's a Cryptocurrency Airdrop? A Beginner's GuideHowever you define it, Airdrops are risk as f*ck and their worth what you paid for them (which is usually nothing) because it requires a market to be created before they can earn any utility...this is incredibly difficult if the crypto currency doesn't have a good business model, and if to did it wouldn't have to give away free tokens as part of it's initial offering. Thoughts? While I do appreciate this addition to the thread, I have never been asked this by anyone that I'm trying to introduce Bitcoin to. I do agree with you, however, that the definition of 'Airdrops' has taken a weird turn some point throughout the past year. I, myself, don't participate in airdrops, so I never took the time to research them fully. I do imagine, however, that this question will start to arise more and more in the coming future of cryptocurrency, so thank you for the links; they're great reference points to get started.
Q: Isn't it too late to get into Bitcoin?
It's never too late to get into Bitcoin, people said this when 1BTC was worth 1000$ and now they regret not getting into it. This is similar to what I tell people when they ask me this very same question, but I usually answer with more details about things that they understand. For example, "Saying that if it's too late to get into Bitcoin is like saying that it's too late to start using the internet." or something to that effect. I'm adding your answer as the first part of the answer to the question, but I'd expect some more from others, as well. Q: Why is Bitcoin so expensive? I can't afford a bitcoin.
Bitcoin is expensive because there is high demand for it with a very limited supply. But don't worry, you don't have to buy a whole Bitcoin, you can buy fractions of it which are called Satoshis. I'd prefer you amend your answer with an example, such as being able to buy X amount of bitcoin at a time. Can you do this so I can add your answer? Q: Is Bitcoin safe?
It's safe as long as you keep your private keys safe, as in: Not giving it to people you don't trust, not letting people you don't trust access your computer if the keys are stored on it., Keeping your computer free of malware. I guess this was kind of a loaded question, without getting too technical. But the first thing that someone would ask me if I gave them this answer is "That's cool. But what's a private key?" Can you add a brief explanation of public keys and private keys, without getting too technical? Q: Who controls Bitcoin?
No one controls bitcoin, it's a decentralized cryptocurrency and its price depends on supply and demand. Again, just a bit more detail, such as comparisons to the stock market, which most people understand. Or at least have heard of. Thank you, much appreciated! Overall, I'm going to merit you because you took the time to answer the questions, and your answers are obviously yours, and not copied and pasted, but I'd appreciate if you could embellish them just a bit more! |
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How can I win an extra $5?
To be eligible to win an additional $5USD (for a total of $25USD), use the following signatures (designed & donated by hugeblack [click here to hire him to design your signature]) or use your own signature (Members and above), as long as it includes the words "Joe's Signatureless Challenge" anywhere in the description and a link to this thread.
If your signature is removed at any time throughout the round that you're enrolled in, the spreadsheet will reflect that you have removed the signature and you will not be eligible for the bonus reward.Newbie: I'm part of a movement to make the forums better. I'm part of a movement to make the forums better. Jr. Member: ▬▬▬ I'm part of a movement to help make the forums a better place and free it of spam:▬▬▬ █ █ http://bit.ly/SigFree █ █ [center]
▬▬▬ I'm part of a movement to help make the forums a better place and free it of spam:▬▬▬
█ █ http://bit.ly/SigFree █ █[/center] Member: [center][url=https://bitcointalk.org/index.php?action=profile;u=557989] ❍ BTCforJoe ❍ [/url] ▬▬▬▬[ win up to [b]$25USD and 8 Merits [/b] every week ]▬▬▬▬
▬▬[[url=https://bitcointalk.org/index.php?topic=3055616.msg31460286#msg31460286] [u]Do you think your posts are better quality than mine?[/u] [/url]]▬▬
▬▬ join Joe's Signatureless Challenge ▬▬[/center] Full Member: [center][url=https://bitcointalk.org/index.php?action=profile;u=557989][font=rockwell][b][color=#FF9A00] ❍ [font=agency fb] [color=#2B3043]BTCforJoe[/color][/font] ❍ [/url][url=https://bitcointalk.org/index.php?topic=3055616.msg31460286#msg31460286][font=rockwell][color=#333] ▬▬▬▬[ win up to [b]$25USD and 8 Merits [/b] every week ]▬▬▬▬
[font=arial black][b][color=#333]▬▬[ [color=#FF9A00] [u]Do you [color=#E58B00]think your [color=#CB7C00]posts are [color=#B16D00]better quality [color=#975E00]than mine?[/u][/color] [color=#333]]▬▬[/color][/url]
[font=rockwell][b][url=https://bitcointalk.org/index.php?topic=3055616.msg31460286#msg31460286][color=#333]▬▬ join Joe's Signatureless Challenge ▬▬[/center] Sr. Member:  [center][table][tr][td][url=https://bitcointalk.org/index.php?action=profile;u=557989][tt][size=2px][font=monospace][color=#2B3043] ▄▓ ▄▓▄
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[td][center][url=https://bitcointalk.org/index.php?topic=3055616.msg31460286#msg31460286][font=rockwell][size=12pt][color=#FF9A00]Do you [color=#E58B00]think your [color=#CB7C00]posts are [color=#B16D00]better quality [color=#975E00]than mine?
[size=12pt][color=transparent]..............[color=#36474F]join Joe's Signatureless Challenge [/color]...............[/color][/size][/td]
[td][font=arial black][size=24pt][color=#333]▌[/td][td][center][url=https://bitcointalk.org/index.php?topic=3055616.msg31460286#msg31460286][font=arial black][size=11px][color=#333]win up to
[color=transparent].,[color=#FF9A00][b]$25USD and 8 Merits
[color=#333]every week[/td][td][size=4pt][color=transparent].[/size]
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[td][center][url=https://bitcointalk.org/index.php?topic=3055616.msg31460286#msg31460286][font=rockwell][size=12pt][color=#FF9A00]Do you [color=#E58B00]think your [color=#CB7C00]posts are [color=#B16D00]better quality [color=#975E00]than mine?
[size=12pt][glow=#36474F,0][color=transparent]..............[color=#fff]join Joe's Signatureless Challenge [/color]...............[/color][/glow][/size][/td]
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[glow=#36474F,1][color=transparent].,[color=#fff][b]$25USD and 8 Merits [color=transparent]..[color=#fff][/glow]
every week[/td][td][size=4pt][color=transparent].[/size]
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THE CHALLENGE HAS BEEN CONTINUED IN A NEW THREADPlease visit the new thread by clicking here
 This challenge was designed to help eliminate spam and shitposts from the forums.
In return, you could be rewarded for posting quality content and contributing to BitcoinTalk.
ROUND 6 HAS BEGUN AND WILL LAST UNTIL SUNDAY, APRIL 15, 7:59PM (GMT -6)
You may submit your application for Round 6 until Monday, April 9 at 9:00PM (GMT -6)
Round 6 applications are now closed. You may submit an application for Round 7 by clicking here.
To date, a total of $145 (in the form of BTC0.02728036) and 106 Merits have been awarded throughout 5 weekly rounds of this challenge.
Round Winners (Announcements): 1 • 2 • 3 • 4 • 5
Welcome to Joe's Signatureless Challenge.
Round 6 has commenced and will award (up to) five winners the following prizes:
(refresh the page if the Bitcoin prices do not show up correctly)
First Place
$20USD ( ) or $25USD* ( ) • 8 Merits
(Cash prize sponsored by BTCforJoe. Merit prize sponsored by DarkStar_)
*read the second post for bonus payment details.
—————
Second Place
$10USD ( ) • 3 Merits
(Sponsored by bill gator [$10 + 1 Merit] and BTCforJoe [2 Merits])
—————
Third Place
3 Merits
(Sponsored by bill gator [$5 + 1 Merit], BTCforJoe [1 Merit] and Geraldo [1 Merit])
—————
Consolation Prize
(only available for Newbies/Jr. Members)
5 Merits
(sponsored by LoyceV [3 Merits] and Sellingaccs [2 Merits])
—————
Bonus Prize
(only available for Newbies)
2 Merits
(sponsored by Heisenberg_Hunter)
As it currently stands (April 9, 2018), there will be up to five winners (First Place, Second Place, Third Place, Consolation Prize [Newbie or Jr. Member only], and Bonus Prize [Newbie only]) selected every Sunday by approximately 11:00PM (GMT -6). Participants are eligible to win multiple times throughout the duration of this challenge, but cannot win the First Place prize two consecutive weeks in a row.
How do I enter the challenge, and what are the rules?
• This challenge is available to any and all English-speaking members (Newbies thru Legendary) of BitcoinTalk.
• Negative trust members are permitted.
• You must not be wearing any signature that belongs to any paid signature campaign.
• You can [optionally] choose to wear my signature (code in the following post) for a chance at a bonus $5
• You are permitted to have your own signature if you choose not to wear the optional signatures below
• You cannot apply for any paid signature campaigns while you are an active participant in any round of this challenge.
• You can take a break from this challenge to join paid sig campaigns, and you'll be welcome back any time you please (given that this challenge is still ongoing), but the same rules will apply to you once you return.
• Alt (alternate) accounts: The only rules that pertain to alt accounts are as follows: You may not enroll in any single round with more than one account simultaneously. If enrolling with an alt account, please provide full disclosure that the account you are enrolling is an alt of another account that has previously entered the challenge. Your alt account(s) will not be eligible to win the first place prize if any other of your accounts have won that prize in the previous round. If an alt account that hasn't been fully disclosed is discovered in the challenge, all accounts related to that alt will be banned from entering in the future.
When are the rounds, and how long do they last?
Each round lasts for 6d 23h 59m, from every Sunday at 8:00PM to the following Sunday at 7:59PM (GMT -6).
When are the cutoff dates to submit my application?
The cutoff for entering is every Monday at 9:00PM (GMT -6). Upon submitting your application prior to the cutoff, you will be eligible to participate for the current round, while applying after the cutoff will place you into the next week's round.
—
How do I win the challenge?
You simply have to have the most substantial posts (according to me) for the duration of the week. There will be a minimum of 7 posts required (this is just to gage and maintain daily activity; posts do not have to be made daily) for the week and no maximum. There is no post character minimum. Posts will be allowed in any topic on any board, as long as the topic and board are English-speaking. Off-topic? Sure. Gambling or Micro Earnings. Go ahead. Ivory Tower? Yup. Altcoin Discussion? Sure, why not? As long as your posts are knowledgeable or contributive to the given dialogue of the topic, you'll earn points in my book. I won't disclose my criteria, but I will commit to going through every participant's post history for the week to ensure that a winner is chosen fairly.— To apply for the challenge, please fill out this Google Form and submit your application.
YOU MUST SUBMIT A NEW APPLICATION EVERY WEEK THAT YOU WISH TO PARTICIPATE.
NOTE: You do not need to submit a BTC address at this time. You can always submit it if/when you win the challenge. However, please note that if you do not provide your BTC address within a week after being declared a winner of a challenge, you will forfeit your winnings, which will then be re-allocated into the prize purse for future rounds.
IMPORTANT NOTE: As I am a huge proponent of SegWit, you must provide a nested P2SH SegWit address in order to be eligible to win any Bitcoin/cash prizes. Please update to a SegWit-enabled address and provide it in your future applications. To learn more about SegWit, click here: SegWit on Wikipedia • SegWit newbie? Use GreenAddress
Click here to view the challenge spreadsheet (updated weekly)
Escrow Address: 37ZhBrGgw6BSghMQnPi4ixdmRBLxBTAXCf (current balance:  ) (view on Blockchain)
This address will only be used to fund this challenge. All transactions from this address will be recorded in this thread. If you would like to make a donation to this challenge, please feel free to do so.
Transactions (by winning position):
Round 1: 1st (A) 1st (B) 2nd | Round 2: 2nd 3rd | Round 3: 1st 2nd | Round 4: 2nd | Round 5: 1st 2nd
This challenge was inspired by a dialogue with forum member bill gator upon reading a post where he challenged a sig spammer to make quality posts, whereas he would pay that user $10 if he was able to stop shitposting ( as can be seen here). Good luck, everyone, and thanks for doing your part to help make the forums a better place!  |
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Bitcoin is controlled by all bitcoin users.
Unless most bitcoin users agree to make a change (such as rule changes or version upgrades), no one or organization can change or stop bitcoin.
So then I can make new rules for how Bitcoin is used or created? As a user, I can create more Bitcoins? I can control the price of it, as long as I get my friends to agree? Although I know what you're trying to say, these are the types of questions you'll get back from someone who knows absolutely nothing about Bitcoin.
I purposefully left out a lot of questions that I get asked on a daily basis because I want you guys to be able to contribute to this list, as well. But I just got asked this one again a few minutes ago: Isn't it too late to get into Bitcoin?I'm adding it to the list and attempting to merit myself for it Edit: An Error Has Occurred!
You cannot send merit to yourself
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I think a bigger problem is the "minimum post" requirements that campaigns have. I think requiring a minimum of 25-30+ posts per week absolutely incentivizes spam. Managers like it because it makes post counting easier (no need to thoroughly check posts to determine exact number of qualifying posts). Advertisers like it because they are guaranteed a minimum number of spots that will likely be exceeded.
But the forum staff should dislike it because it turns people into spammers. I see otherwise good posters padding their post counts to reach their minimums all the time. If it were me, and I already made 25 good posts but was 5 short of my minimum with a deadline approaching? I would churn out some crap to make sure I got paid. I wouldn't do that in a pay-per-post campaign because struggling to produce shitty content isn't worth upping my pay 17%. It is worth it if I lose 100% of my pay for not reaching the minimum.
It creates a situation where the problem is not only spammers, but the fact that most campaign managers are exacerbating the problem rather than reigning it in. Props to Chipmixer, Coinroll, YOLOdice and others who aren't part of the problem.
I completely agree with you. I'd say we should implement another unwritten standard that outlaws signature campaigns from having a "minimum post" requirement and only adhere to pay-per-post standards, but then you're eliminating a lot of genuine companies who don't have budgets that are as high as the big dogs on the forums. I think it all comes down to the campaign managers. Maybe we could suggest having one overall campaign manager 'moderator', if you will, that all signature campaign managers have to check-in with before launching any kind of signature campaign here? This would essentially create less work than having a bunch of moderators try to control signature campaign requirements, but it also mean that another paid moderator position needs to be introduced to the staff roster. Maybe it would be worth it, however, to help eliminate the onslaught of shitposting campaigns that are introduced on a daily basis, though... Just a thought. |
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I want to answer the question Is bitcoin legal?. Legality of bitcoin is based on every country of a person who uses it. For example, a country banned bitcoin, this means that using bitcoin is already not legal for this country. Bitcoin is also legal as long as it is supported or acknowledged by a country or there as long as it is not banned.
Good answer. Thanks for getting this started. Have a merit 
Everyone else, if you have a different answer for a question that has already been answered, feel free to answer it again! If it gets added to the Q&A list, you'll receive a merit for it. I have also edited the original question (formerly " Is Bitcoin legal?") to make it more 'fuddy' (" Is Bitcoin legal? I heard it's illegal in some countries. Why?"), as I have LITERALLY just returned from dinner where a friend asked me why it was illegal in Ecuador, where he just returned from. Cheers! |
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You don't like the fact that people are voting that your posts aren't good enough to merit, so why are you invoking democracy here? Because it serves your needs?
Sorry you're late to rank up, but that's how it's supposed to be, and that's because of the shitposters. Keep trying, be patient, and you'll eventually rank up--or go away.
Create a new account, and try again to rise up to the legend with merit system. I love when low-ranked members say shit like this. Reaching Legendary takes over two years. Earning 1,000 merits within that time shouldn't be that hard to do. If you are active in the forums, and contributing to active topics via informational posts and great content, this shouldn't be that big of a problem. It may take you longer to earn the required merit than the required activity time to hit Legendary status, but remember... It's "Legendary". I quite like that it's going to be more difficult to obtain than the previous ranks. It's not like you can become a Legendary member overnight, regardless of merit reqs or not. |
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Hi guys ! I have several rigs also I have HashFlare contact with only 5 TH/s with SHA256
I wanna know your oppinion about to to see In the future it might worth to reinvest to my contract witch will be end of December this year. Im try to to say to compare and see all consequences in the future(I have 9 month left). (Not bct are bubble ,nothing like this) but if btc gonna be stay constantly between 10K -11K for several month or a year it will be worth to me DO NOT reinvest just take my bcc out.
Somebody has a REALISTIC again REALISTIC hope or prediction what to do ??
Didn't you see what hashflare did to their users? Literally robbed them of their cloud mining contract, lifetime to 1 year, and minimum withdrawal is so high that you're probably not going to get your ROI withdrawn even if you do make it back. Unless you are 100% sure that you will be able to turn a profit, I would suggest not to reinvest. Get your money, and stop using hashflare. The problem is that their management seems to be perfectly okay with manipulating their user contracts into essentially making less money than promised. If you want to speculate on coins, then just do that. We are not sure whether hashflare is actually mining or not, even if we are there is no way of determining that they have 100% backing of the contracts. I was going to say the same thing until I read your post. I've been reinvesting my earnings at HashFlare for a couple of years now, and once I received the email that our lifetime contracts were now limited to 1-year contracts, I stopped reinvesting and decided to let my newly-created 1-year contracts play out. Once the last of the contracts expires, I'll be withdrawing my earnings and getting the fuck out of HF. Not only did they make contract changes, they raised the minimum limit of withdrawal multiple times. They did provide email updates regarding all the changes, and are pretty professionally operated, but I just do not feel comfortable with the company any longer. I've received emails from several of my referrals to HF claiming that their contracts will expire before they hit the minimum withdrawal limit... If I'm receiving this many emails, I'm wondering how many users in total are affected by this, and how much crypto that HF is pocketing from this. I would think that the fairest thing to do is to let users withdraw their final balance once their latest active contracts expire. While 0.005 BTC may not seem like a lot to many, it's still $55USD (at the time of this post). It's the little changes like this that put me over the edge; I was already skeptical about this company when I purchased my contracts... Now, even more so. |
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I think it's just a matter of time. While we do have thousands and thousands of members here with existing ranks to be able to participate in signature campaigns, the new accounts that are created for the sole purpose of ranking up to (a)join a signature campaign and (b)farm ranked users will become less and less common. I think in due time, signature campaigns will have fewer selection of participants to choose from, especially as the existing pool stops posting because they find it too difficult to rank up their accounts.
Yes, there's an underlying problem with signature campaign managers who manage these campaigns to low standards, so may I propose that we unofficially set a standard system to only allow acceptance of users with a minimum level of merit? This system can be enforced at a later time (after fair warning is given) by having several DT users place a red tag on the profiles of signature campaign managers who do not adhere to this new policy. It can be removed at a later time, but it may be an easy way to identify which campaign managers obviously don't give a shit about the level of quality of the campaign's participants' posts.
Yes, this is a bit of work to enforce, but it's a hell of a lot less than trying to monitor URL types from any given user's signature.
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Kind of funny how a bunch of noobs are complaining about how hard it is to earn merits, but when a topic is started to reward merit to those who want to actually contribute to something good for Bitcoin/forums, there's complete silence. Otherwise, other megathreads and bullshit "discussions" throughout this board are littered with spammy shitposts.
Either way, if you're looking to earn a merit or two, check out the original post and help contribute to something good!
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Hey @99th, thanks for the intro. I'm going to start by saying that you sound jaded. Extremely jaded. I understand your frustration about the ranking up thing, as I have to earn several hundred merit in order to reach Legendary status. But I've said it before and I'll say it again: I could give a shit less about the politics behind the merit system. Why? Because while it may affect newbies from ranking up within the first week or two of joining the forums, the system was introduced (and well thought-out, if I may add) for the long term benefits. Ranking up from Member to Full Member to Sr. Member to Hero takes months, unlike the mere days or weeks it takes for Newbie to Jr. Member to Member. Within those many months, earning merit here and there for constructive and contributive posts shouldn't be that difficult. Hell, you've already received some merits for your posts, so the system is working perfectly. The points you've raised are all short-term problems. You do realize that people with many accounts (which tons of people do have since it only took age of account and some simple posts to get to FULL member before this system) are just swapping merit with each other and creating an even bigger gap between normal, hard working people, and those that are just profiting from a rigged system? Merit swapping will be short-lived. What happens when the default sMerit is dried up and there is no more sMerit to fraudulently award? The only way to effectively "farm" merit in the coming weeks and perpetuity will be... wait for it... actually posting constructively throughout the forums! :O I help many people on here now and so do many others, with every chance we get. Look at my post history - aside from my bounty recordings, I mainly post VERY helpful content. I even go out of my way to make helpful threads - either as guides for people - or as warnings of scams etc. Here's the thing about warning posts about scam sites... You're reaching a very limited audience. I, personally, do not have any interest in Otho.network (your latest scam warning), so why would I be obliged to leave you a merit for this warning about a site that I have no intention of using? Your intentions are great, but you're reaching a limited audience. Same goes for your posts about altcoins. There are currently not as many merit sources for the altcoin sections as there are for the bitcoin sections. While some of your posts in the altcoin sections may be worthy of merit, again, you have a limited audience (compared to the bitcoin audience) with a more limited supply of merits. Additionally, the stuff that you shill (ICO's, bounties, earnings resources) are generally stuff that does not interest anyone but the newbies to cryptocurrency. You're also limiting your potential to receive merits by posting these things. I'm in no way trying to cut you down or attack you, but I'm just stating my opinions in response to why you find the merit system to be flawed. It's been less than a couple of months, which isn't enough time to see the system do its thing. Yes, all we see are posts about merit and merit trading/buying/etc at the moment, but as many have mentioned, once the sMerits are dried up from all the farm accounts, the system will work as it's intended. The newer members that display a genuine interest will be rewarded, as their posts will become a lot more visible once the mass exodus (of shitposters and accounts that cannot level up) happens. Just give it time. I know you think the system is flawed, but as someone who is stuck in limbo of ranking up, I understand. But I'm in no rush and I have no doubt that I'll easily earn the several hundred merits I'll need to rank up. |
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So, another thing to watch out for after all of the suggestions by OP, is unnecessary delay in response time and by giving ridiculous reasons as to why that is happening. Its better to be safe than being sorry and wished you had taken more time.
This is very good advice. However, in the three incidents where my PayPal payments were reversed, the buyer actually got back to me very quickly. There were no delays with their communication or their payments. Their whole MO was to deal smoothly during the trade, and complete a chargeback at a later time. I will say, however, if you're dealing with someone who delays their payment for any reason, DISPUTE THE TRADE RIGHT AWAY. They have no right accepting the trade and not canceling it if they do not have the means to pay it, nor do they have the right to post an advertisement to purchase Bitcoin if they cannot pay for it. Good advice. |
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Be very careful when dealing with LocalBitcoins.com. I wrote a small guide and steps on how to maximize protection for yourself, and what to avoid when selling Bitcoin on LBC. Take a look at it here: LocalBitcoins.com: New wave of scams! Steps to protect yourself (digital trades)and here is a quote of the original post There is definitely a new wave of scammers and hackers on www.LocalBitcoins.com, and while I'm savvy when it comes to selling my Bitcoin, I am reluctantly (and shamefully) posting this to help others protect themselves from what I've gone through. The last three transactions that I've conducted on LBC for digital trades (PayPal) have all had their payments reversed. The hackers/scammers are getting extremely creative, and starting to mimic the actions and character of authentic great traders... With that said, if you don't feel like reading the rest of this post, take this away from it: TAKE EXTREME CAUTION WHEN SELLING YOUR BITCOIN FOR PAYPAL. In fact, consider not selling your Bitcoin for PayPal at all.So with that, here is a quote of some advice I gave to another user; I thought it could help protect you. Yes, most of it is just common sense, but reminders could prove to be helpful. Don't let that trade request for someone buying bitcoin at 20% above market price cloud your judgment! If you have any more questions outside of what I've posted below, feel free to post here or send me a private message. I've had successful transfers, and I've had fraudulent transfers where the payments were reversed on my payment processing accounts. Be extremely cautious when dealing with Bitcoin buyers via PayPal. I used to think that the payment was safe if sending as "Friends or Family" via PayPal, but I had a payment that was reversed because the PayPal account that was used to send me the funds for the Bitcoin I sold ended up being hacked. I actually had a conversation with the owner of the account (the hacker didn't have access to his mark's email address), and the dude got screwed for tens of thousands of dollars because of the PayPal hack. LocalBitcoins.com is best for face-to-face meetups. Be EXTREMELY CAUTIOUS when dealing with digital transfers or bank wires. Make sure to ask for documentation for EVERYTHING, and look out for the following things (as a seller): - 1. If the buyer is a new account, insist that they send you documentation to prove their identity and that they are who they say they are.
- 2. If the buyer's account is verified, look through their feedback history to ensure that there are not any large gaps in between trades. If there are gaps, this could indicate that the buyer's account was purchased from the original owner (who may not have a need for their account any longer)
- 3. Check their feedback history and sort it by "Negative" feedback. If any of the recent negative feedback pertains to a digital payment of any kind, avoid the trade at all costs, no matter how much above market price they are offering.
- 4. Ask the buyer to provide you with their PayPal address, and that you will send them an invoice to that address for the amount that you've entered the trade for.
- 5. Instruct the buyer to answer an email that you send to that address, or to send you an email from the email address of their PayPal account.
- 6. Google the email address and see what pops up. If anything looks fishy, then avoid the trade. (example: the last time I initiated a trade with someone on LBC, the email address showed results for a 79-year old farmer from Georgia. Chances are that 79-year old farmers don't know anything about cryptocurrency...
I know that this sounds tedious, but trust me; it will help protect you in the end. Even if your trade is only for $100 or less, it would suck to be charged back or have a payment reversed for that $100... Protect yourself when dealing with digital payment options on LocalBitcoins.com
Additional tips from other members: NEVER RELEASE BITCOINS FROM THE ESCROW BEFORE YOU RECEIVE YOUR PAYMENT.
Some traders will have what looks like a solid reputation: thousand over trades, huge volumes and great feedback. And they use that to try and bully you into releasing escrow right after they mark payment as complete. Do not ever do this. They might say "lol I trade for 5 years and people have no problems to do this" or try and make it seem they don't need your business but don't ever release escrow until you confirm payment. I have run into a few such people, and at least once I've come back across the same name, accused of never sending payment.
Feel free to view the thread in its entirety to get some additional feedback from other members. |
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Okay. Here's my question:
Question 9.5: Pretend I own a large business that sells physical items, with all orders being sold online. Tell me about the benefits and drawbacks of accepting Bitcoin for my business. I reside in and pay taxes in Canada.
Now that I'm thinking about it, there are so many more drawbacks of running a large store that accepts Bitcoin... You've got my brain working in overtime now, and all these thoughts keep popping into my head lol. Automation, being one of them. You'd have to hire developers to make an automated payment and fulfillment system, such as the ones that are used by existing fiat payment processors. This comes with a high-cost, as you'd have to have a custom build, or use existing companies like BitPay or Blockonomics. Custom builds will cost thousands of dollars to develop, and you have to put a lot of trust in the dev not to backdoor your code. Using bitcoin payment processors, in turn, means that there are, in fact, fees for your bitcoin payment transactions. All of this talk can't be for no good reason. DarkStar_, do you run an online retailer that accepts Bitcoin, or are you thinking of starting one? I'm quite interested lol |
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Hi Sir, I didn't mentioned in my thread that it was our forum's staffs responsibility. All I'm trying to say is, to somehow require an escrow to every campaigns made in >Services
That's exactly what your implications are, however, by requiring every campaign to hold escrow. Who would enforce this? By mandating an escrow for campaigns, you're having to rely on the forum staff to moderate this policy, which means it then becomes their responsibility to ensure that every campaign has [said] escrow. I know you've given this a lot of thought, but it's unnecessary to add more of a workload to the existing staff. It should be the responsibility of the user to do their due diligence when joining a campaign instead of just joining for the promise of a high payout. All in all, this should be a non-issue for the staff; signature campaigns are not a feature of the forums. It's a third-party system that the forums just allow to happen. The best way to have the forums enforce the avoidance of scams regarding campaigns? Ban the permissions to host campaigns and bounties altogether lol |
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Okay. Here's my question:
Question 9.5: Pretend I own a large business that sells physical items, with all orders being sold online. Tell me about the benefits and drawbacks of accepting Bitcoin for my business. I reside in and pay taxes in Canada.
Considering that you're an online business, cash generally isn't a payment option for your customers. Paying via credit card means that there are fees: for both you and the buyer. While these fees are usually offset for the buyer via bonuses, such as points or airline miles, you, as the seller, are stuck with having to pay merchant fees for allowing credit card payments. Accepting bitcoin means that you, as a seller, do not have to pay fees for the transaction. Chances are that the transaction fees are [currently] lower than the credit card fees for the buyer, as well. Customers can also rest assured knowing that their personal information, such as their billing information that is tied to their credit card, is not divulged to your company. This should allow the customer to buy your products with ease, knowing that their privacy is never at risk. Additionally, you no longer have to wait to have the cash on-hand. Once a bitcoin transaction successfully receives confirmation, it's yours to spend immediately; no more having to wait for your credit card agency to transfer the money to your bank, especially when there are international fiat currency exchanges involved. More importantly for you, as a business, you're not susceptible to chargebacks, such as with credit card payments! Once a transaction has occurred, it's final. Customers can no longer fraudulently chargeback a transaction for any reason. Given that there is a small minority of retailers that accept Bitcoin, yours will be considered one of the "forward thinkers" of this day and age. As a large business, you'll definitely gain positive press for accepting Bitcoin, which will be free press and marketing for simply deciding to accept Bitcoin. Additionally, given that Bitcoin is considered a commodity by the Canadian government and the Canada Revenue Agency, you don't have to pay taxes on your Bitcoin earnings, unless the value of Bitcoin is higher when you're ready to convert it to fiat currency than it was when you acquired it. If so, then you'll have to pay capital gains taxes on it, which is the perfect segue into the drawbacks of accepting Bitcoin for your business: Bitcoin is still highly unknown to the Canadian government. Because of its past ties to illegal activities, your Bitcoin could be at risk if the authorities deem any form of investigation into how you acquired the bitcoin. Because you'll be forced to comply, your bitcoin could be in limbo while investigations are conducted. All the government needs is one (false) report that your company is using Bitcoin to launder money or for trafficking, and you'll be forced to give up your bitcoin while they (attempt to) clear any false claims. This is a farfetched scenario, but the risk is definitely there. Another risk of accepting Bitcoin? The extreme volatility of the currency. Because it's not tied to any fiat currency, and given that all of the products that your store will offer are based on a cash value, you could end up taking a loss for any given transaction if the price of Bitcoin dips after the transaction was conducted. This could be a matter of minutes or a matter of weeks. Because there is no guarantee that the price of bitcoin will increase, every transaction you conduct is at risk of realizing instant losses the moment you sell a product. On the contrary, your profits could be easily multiplied if the price of Bitcoin inflates after a sale has been made. As a large business, you'll also be susceptible to hacking, and you'd be a target for hackers to try and intercept your customers' payments. Because bitcoin users are also more tech-savvy, it attracts the bad along with the good. Your store's website could be prone to attacks, which could come with hackers' demands for you to pay a ransom (ironically more than likely with Bitcoin) in order to resume your site's normalcy. There are additionally many perks and drawbacks to the customer for using Bitcoin to purchase products, but since you asked about benefits and drawbacks of your business, I'll leave it at that. Does this answer your question? |
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Here's the thing. Over time, those accounts will become obsolete once the Merit system does what it's intended to do. Once all the sMerits dry up from shitposters, the true posters will end up making up for all the false merit being passed around. That day is surely to come, and until then, I think the merit system abusers deserve continuing to get red-tagged from DT members. What they're doing is highly unethical and very untrustworthy. I hope the merit system continues to help identify those idiots until it becomes systematic for true merit.
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