So, wtih the telegram group gone and no update whatsoever, this project is a scam in the end? Why did you bother with token distribution then?...

Hello Everyone!

I wanted to ask - can you please share with me all Ongoing ICOs with met soft caps? Or, do you know of any site collecting such informations? All help is appreciated!

Bitcointalk account URL : https://bitcointalk.org/index.php?action=profile;u=1110750
Bitcointalk name: Wookii
language: Czech
Rank: Member
Your choice to translate: WP
Are you ready to post and moderate: N (want to do only WP)
previous work: https://docs.google.com/spreadsheets/d/13h5bBKOuSlu2Znq0zknKfQgKLCYceTlkR6VPUTnVjuc/edit?usp=sharing

Translation Reservation: Czech Language

Previous Experience: https://docs.google.com/spreadsheets/d/13h5bBKOuSlu2Znq0zknKfQgKLCYceTlkR6VPUTnVjuc/edit?usp=sharing

Want to translate: WP

Username: Wookii
Language: Czech
Rank: Member
Previous work: https://docs.google.com/spreadsheets/d/13h5bBKOuSlu2Znq0zknKfQgKLCYceTlkR6VPUTnVjuc/edit?usp=sharing

Few hours later, and the 9.000 resistance is gone Real chellange will be the 10.000 mark though...

Well as i want to make kind of a series out of it... Next topic should have been How to: Signatures... But I get it that someone might think this is a actuall bounty (even though it is not in the bounty section ) SO Bounty Tutorial: General Info might be better I wil lchange it and the next part will be Boutny Tutorial: Signatures

Hello Everyone!

This project will consist of more parts and is mainly aimed at new members of the community. I wil lstart with thos post, talking generaly about what the bounties are. I will post new How Tos: probably every week, going in depth into the diferent boutnies and eventually link them to this main post. I hope that this article will help someone to understand the bounties and eventually join the bounty hunters squad!

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What are the bounties:

Bounties are often part of the pre-ICO and ICO of new projects. It is kind of a mass marketing campaign. New projects aim to make their name moew broadly spread and eventually meet the greater goal of hittin the hard cap of the ICO.

First of all, the most common kinds of bounties:

• Signature
• Social Media
• Content
• Translation
• Telegram
• Airdrop

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Bounty Pools:

The bounty pool has high variety of sizes. IT is mostly linked to the scale of the project, sometimes getting difficulty into account. There are 4 main categories of bounty pools:

• % of all tokens
• % of tokens sold
• fixed amount of tokens per work
• fixed amount of a currency (often fixed ETH value, sometimes fixed USD value)

Bounty pool is then divided between the different bounties. In general, most of the pool goes to the Signature.

You can find my article about how to choose most profitable bounty here: LINK

In my experience, % of all tokens is the best way to go as it yields the highest profits. The main difference between % of all tokens and set amount of tokens per work is, that set amount does not yield stakes. You know right away, how many tokens you will have, but in the case of % and stakes, the profits cold be much higher (depending on the amount of participants).

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What are stakes?

Stakes are widely used form of rewarding the work of bounty hunters right away. Every kind of bounty has its own stakes reward. Let's say you will gather 100 stakes in Twitter campaign and the pool for whole campaign is 100 000$. The total amount of stakes at the end is 35 000. Each stakes is then worth 2,85$ (100 000/35 000). So your reward will be worth 285,7$ (2,85*100).

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What are the risks of participating in the bounty campaign?

There are many risks, but in all cases, boutny hunters ALWAYS risk only their time. You can't lose teh roof over your head out of the bounties. So you don't really be affraid to participate in the bounties.

To point some risks out:

• ICO will not reach soft cap and project will close for time being
• Project is a SCAM, will gather money and never pay out bounties (the loss here is hardest for the investors)
• Project is not a SCAM, but does not want to pay out promised tokens/coins (happens quite a lot, dealys in pay out, they figure out the rewards are kindy high so they lwoer them and so on)

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Why you SHOULD be participating in the bounties?

Quite easy money without any attachements. You can pick the bounty most suited for you (depending on your free time, translations generaly take the most time, but yield the most and so on). Signature bounties are super easy, for someone who is using this forum quite a lot.

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Conclusion:

I hope this article has helped you at least a little bit with the general idea of bounties. I will eventually update it if i remember something to put here or if i find good suggestions in the replies. As I said, I will produce more How Tos, starting next week with Signature Bounty.

Topic moved to https://bitcointalk.org/index.php?topic=3378610.new#new

This account is and always was mine... When i created it, I was just getting into cryptos. There were literally 0 things I could share on this forum back then and i did not want to just spam. I did not have any interest in ranking up as i was only a reader, nothing else. That has changed around January. Is that enough of an explanation?

This is the first topic I have started on this subject... Anyhow, as you can see, I have earned some merit even though I am not as active on the forum (not participating that much in forum based bounties, I specialize in translations), but I jsut wanted to discuss this subject. I get it why the Merit is here, but so fat, people are still kind of... Holding the Smerit, not really distributing it, just rarely. So maybe it just needs more time for people to gather more Smerit and change the way of thinking to share it more? Also, when i first started on this forum, I actually thought i would be giving away my own merit (and I am sure I was not the only one)... Sure, it was my fault for not reading enough articles about it

Got you. I do understand the point, just one addition. This forum is for a long time not only about Bitcoin. It has become the sanctuary for all of the cryptocurrency discussions. I also do understand, that the quality measurement is subjective as someone might find even single line post worth meriting. The thing is, people love the sense of progression. That is also one of the reasons to have ranking system (sure, the additional features are there too). And as i understood, ranking only based on activity was too easy to misuse (leading to spam etc.). But the Merit system might still prove to be too difficult sometimes, hindering the progression too much. On the other hand, the lower ranks actually do not limit the use of the forum...

Well thank you! Now that is what I call high quality reply Your points are actually really valid... Well for the first part, ETH and LTC are accepted quite a lot too. Like you can pay with it in our (Czech) largest online electronics shop.

For the second part, I must say, that I have used the wrong wording. Should have just used simple "tokens" and not "altcoins" sorry for that

I was talking about market capitalization, sorry for not stating it out explicitly. Sure ETH is not even 1/2 of BTC right now, but i could see more aggresive rise of the ETH price than BTC this year.

Well as i could see in the past, it was much easier fir higher ranked members to actually get Merit. People tend to send Smerit to Sr. Members and above more often, even on a single comments, not just posts...


Oh my, you don't have the "GrumpyKitty" title just for the show ey? This post is meant for a discussion, not a one way thinking like yours. Different people have different opinions, i do not force my opinion on you and i take your opinion int oaccount. I understand you don't have any issues with the system, as you are standing at the top of the system.

Oh common, I have put quite a lot of effort into the post and you are jsut a hater ( JK, well it is really easy to become jr. member can't argue with that, but that is not a bad thing though. The member is not that hard too, but requires some effort at least... Anyhow, i expect you getting the legendary status before merit system?

Hello everyone!

As the title says, do you think it is too hard to get Merit? To get Merit, you need to produce high quality post. But not only that, someone has to consider the post to be of high quality. And not only that, that certain someone has to have Smerit... Now you need to meet those 3 criteria and everything has to be at exact time. So taking the time of posting the article into account too... So to get anywhere near sr. member rank now you need to produce articles of following criterias:

Variables:

• Quality
• Interest
• Smerit
• Time

Interest is produced by quality so you can say Quality=Interest, now you will get merit only if the interested person has Smerit, so Merit = Smerit * Interest (if the interested person has 0 smerit, you will get 0 merit), also you need to post it at a time the interested person would be online... So we need to update the Quality=Interest to Quality * Time = Interest. The time can move between 0 and 1. 0 being wrong time, the interested person would not be able to see the post so the interest = 0. 1 is being the correct time and your post will meet with the targeted audience.

If we put everything together, we get Merit = Smerit * Quality * Time. What can we deduce? First of all, if there is too little Smerit between users, you will never get merit even though you produce high quality posts... Second of all, if you post high quality psot at a wrong time, once again, you will get 0 merit. Lastly, if you post anything at the right time and people with enough smerit see it, but the quality is not high enough, once again you get 0 merit.

There are just too many variables and it is really difficult for new members to rank up. I have seen people with more Activity than me with 0 Merit, being jr. members or memebers (with difficulties). Is tehre any chance for the revision of the Merit system?

Thank you for your time and have a great day!

Hello everyone!

Recently, I was thinkig. Is there really any reason for the BTC to be the market leader? The only thing that is giving the value to BTC is pretty much the fact, that it was the first crypto currency. It is the grandfather of all cryptos. But we know it has its flaws... It was never designed for broad usage, it has scaling issues and so on.

On the other hand, we were given ETH. The Crypto Kitties or w/e the awesome internet meme ETH appliction is called showed us, that ETH network has issues with high amounts of usage. BUT, 90% of all altcoins are based on the ERC-20 standard, brought to us by ETH. The smart contracts using the Solidity are extremly good piece of technolgy.

So my question is. Do you think, that BTC will keep its leadership, or will ETH be the winner of this year and surpass its ancestor?

First of all... Don't just wait to be accepted. Find out who the BM is, find them on the telegram and talk to them. THat is how i got my first job as a translator (it was for Play2Live so it was really big ICO too). I always prefer to find the BM ASAP and communicate with them, never just waiting

Hello, please, give me more info