Reality is: bitcointalk was getting more popular but shittier posts were filling page after page. The merit system was to encourage posters to have "merit-able" posts and contribute more to the community. For now its just hot air with no incentive beyond leveling up like in a video game. If you've got something good to say or have some entertainment value, yeah, we will read it.
I say we tokenize merits with some real world value. That would get the ball rolling in here. Steemit? Or since we're a BTC community, maybe we could open a channel on the LN network and issue xxx Satoshi's instead of WOsMerits? I'm sure we could get donations for such a cause.
I'm actually surprised this doesn't already exist here. Anyone talented at drafting proposals?
Yeah, let's do a whitepaper and an ICO lol
Seriously now, I think the Merit system is working but the effects will take some time to notice. Here in the WO we are somewhat inmune to what happens in most of the rest of BT. Pointless shitposts are everywhere. They just open hundreds of pointless new threads like:
- Will Bitcoin go up or down?
- Will Bitcoin reach 12K in two weeks?
- Why is Bitcoin going up?
- Why is Bitcoin going down?
- Why is Bitcoin not going up?
- Why is Bitcoin not going down?
- Why is Bitcoin not going up or down?
- etc etc...
A full fucking thread for each of those pointless questions.... and then, you see tens of pointless posts "answering" the question with absolutely no real reasoning. Everything to increase the post/activity count to rank up and join signature campaigns.
It's disgusting.
Maybe now, when they start to notice their previous modus operandi is not giving them the expected results (rank up) they will back off and the number of pointless shitposts will reduce significantly.
Yeah, here we do also have our own offtopic, sometimes even pointless but humorous posts, but it is all mostly done in good faith and not just for the sake of increasing post count.
I don't really think there is a need to incentivise the "accumulation" of Merits. It's usefulness is more as a deterrent for shitposters to keep with their (now) pointless activity than for regular good standing members to seek them for really no reason.
Also, if Merit had any real "value" people would start trading them.... overriding it's intended purpose.
I wasn't really suggesting to do an ICO. Actually far from it. I do see where you're coming from and I still think it would serve us and the entire community. If we actually USED BTC within BT (wow mind blown), supporting LN while incentivizing quality posts, new participants to join,etc.
I'd prefer to see something along the lines of.... (simple version)
*BTC donated
*Satoshi's issued to members under a smart contract where they can only be given to other members but not withdrawn to an address.
*Only Satoshi's that have been given can be withdrawn or re-given freely
OK, I do see where this could get taken advantage of but but... steemit did it?
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where I may eventually retire.
