The reason that Merit is working....

[TMAN]

Right this isnt 100% Meta, but as this is where the most bitching is done about the system I am posting here..

ill assume that most people here are aware of user nullius - https://bitcointalk.org/index.php?action=profile;u=976210

But for those who do not, please take 20 minutes to read his posts. Everything this user posts is a pleasure to read, he is Eloquent with an amazing vocabulary, almost everything he posts has a certain level of humor.. and all this from a newbie? some people refuse to believe he isnt an Alt account, but personally I think the bloke is borderline genius.

Anyway - enough of me loving on him - I just wanted to point out that the merit system does work, and if you are struggling for a reason to spend merit I believe we should help level this bloke up to the Legendary range and I myself will donate 20 Merits a month to this cause, I do hope other sources will be willing to contribute as well

Please use this as a reference for any more bitching and moaning, tell people to step up the game to be more like nullius... 

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[hilariousetc]

The merit system will work as intended for users like him so there's no need to give him extra merit just because, but I'm guessing he isn't an illiterate teenager from South East Asia only here to claim from signature campaigns so he doesn't have anything to worry about. It's those who can't speak English very well and couldn't hope to articulate themselves as well as he can that know they're in trouble hence all the whining. However, he is proof that if you are willing to contribute something worthwhile you will quickly get enough merit to rise through the ranks. Users like him will sadly be a rarity though.

[The Sceptical Chymist]

The merit system will work as intended for users like him so there's no need to give him extra merit just because, but I'm guessing he isn't an illiterate teenager from South East Asia only here to claim from signature campaigns so he doesn't have anything to worry about. It's those who can't speak English very well and couldn't hope to articulate themselves as well as he can that know they're in trouble hence all the whining. However, he is proof that if you are willing to contribute something worthwhile you will quickly get enough merit to rise through the ranks. Users like him will sadly be a rarity though.

Oh I'd say not only is he a rarity, he's unique.  Several orders of magnitude above posters his rank.  It would be wildly unfair to use him as a standard, because even the above-average user won't be able to rise to nullius' s level of effort and talent.  I do find it hard to believe he's really a noob, but I've seen stranger things in life and I've been deceived many times before.   Thus I'll take his existence and quality of posting at face value until someone shows otherwise. 

Happy to give this dude merit, because he deserves it.

[subbotina]

There are various other things to consider here as well. I am sure that the member you mentioned, must be making quality posts. But, if you analyze the complete forum, you will find very less number of members with such good writing skills. It does not necessarily mean that they are less knowledgeable.

Another thing I a see here is once a member gets merit from a member. Chances of getting merits from other members from same post also increases. This makes it more difficult for others.

[TMAN]

Oh I'd say not only is he a rarity, he's unique.  Several orders of magnitude above posters his rank.  It would be wildly unfair to use him as a standard, because even the above-average user won't be able to rise to nullius' s level of effort and talent. 

Happy to give this dude merit, because he deserves it.

Exactly this - why reward mediocrity when excellence is shining through.. might as well just hand out participant medals. 

[bobq]

Nullius is a phenomenon, you can behold his quality and take him as an example as an intelligent human being, but you can't take him as an example for proving that the merit system is working. Since Nullius is exceptional, and probably THE ONLY ONE in the whole bitcointalk forum who has taken so many merits in such a little time, you would end up proving the exact contrary than intended, ie that the merit system can work only for a few exceptional members and not for the thousands of average ones. You can't tell people: come on, start to write books, everyone can, look at what Shackespeare could write, without even having a computer and a wordprocessor at hand!

[TMAN]

Nullius is a phenomenon, you can behold his quality and take him as an example as an intelligent human being, but you can't take him as an example for proving that the merit system is working. Since Nullius is exceptional, and probably THE ONLY ONE in the whole bitcointalk forum who has taken so many merits in such a little time, you would end up proving the exact contrary than intended, ie that the merit system can work only for a few exceptional members and not for the thousands of average ones. You can't tell people: come on, start to write books, everyone can, look at what Shackespeare could write, without even having a computer and a wordprocessor at hand!

But but.. how many merits did you get mr average?

[hilariousetc]

Nullius is a phenomenon, you can behold his quality and take him as an example as an intelligent human being, but you can't take him as an example for proving that the merit system is working. Since Nullius is exceptional, and probably THE ONLY ONE in the whole bitcointalk forum who has taken so many merits in such a little time, you would end up proving the exact contrary than intended, ie that the merit system can work only for a few exceptional members and not for the thousands of average ones. You can't tell people: come on, start to write books, everyone can, look at what Shackespeare could write, without even having a computer and a wordprocessor at hand!

Why not use him as an example? If you make intelligent posts you will get rewarded appropriately. You probably don't even have to make posts half as good as him to get merit, but the system works in that if you put in the effort you will be recognised for such and those users who are just here to write "I like bitcoin because it gives me profit and profit is good because it helps me with my daily needs" are going to get nowhere as they should. Exceptional users will fly through the ranks, good ones will get there pretty quickly, average users will take quite some time and shitposters will hopefully never get there. If the progress follows like this then the system will work as intended.

[minifrij]

ie that the merit system can work only for a few exceptional members and not for the thousands of average ones.

So the merit system is working perfectly. Why should users be rewarded for being average?

[Cobalt9317]

I also see this user post in certain thread can't exactly remember where.

But there's one thing exceptional in that thread the single post of nullius have a lot of merit in it, and the only post that have a merit not to mention the thread.

I really doubt that nullius is not a former member or an alt account of anyone but evidence is showing itself that this user is a new and genuine one.
and extra ordinarily highly intelligent. The way he/she constructs those statement is like this user is the savior of shitposter.

[HashFace]

For a counter point, I offer this guy.  https://bitcointalk.org/index.php?action=profile;u=1178404;sa=showPosts

I threw him a merit today for answering a question I had ... until then, he had zero merit above the 10 he was given as a member.   

I went back and looked at a couple pages of his post history, and found him knowledgeable, intelligent, helpful to others, and communicated well in English although he lists India as his home country....

He’s also a few activity points short of full member ... But will be months away from ranking up at this pace... He’s not what I would consider a one-line shit poster, but will likely be left behind when it’s time to rank up ...

[Wheelige]

IMO there is room for awarding of merit to people that do not possess the quality and entertainment that Nullius. If the merit system is seen only to rise the amazing to legendary status then that is all that will happen, and there will be floods of people that post tsunamis of threads complaining about the merit system. This goes against the shitposting purpose doesnt it? On the other hand if the merit system is used to bring people to an 'appropriate level' corresponding to their helpfulness, insightfulness and entertainment value that would achieve what my understanding of the merit system is. Give 1 merit to a helpful post, this levels up accounts slowly as it takes time to accumulate one a single merit basis. Give Nullius-esque posts 10 merit if they achieve the requisite level of brilliant posting, thus ensuring that deserving members gain higher ranks. This is my view of the intention behind the merit system, apologies is my noob-glasses are tinting my vision, and i think this would limit the waves of threads complaining about merit, which limits shit posts, thus completing BCTs true vision.

[eddie13]

I have discovered this person's posts a while ago and read many of them.. If you read them you will likely find my name near to some..

This guy is an OG deepweb anon from what I gather and is far from a newbie..

Alt account? I see no reason to believe he would not have more accounts and why not?
This guy is a model example of why alt accounts are allowed and should not always be discouraged..

[athanz88]

Right this isnt 100% Meta, but as this is where the most bitching is done about the system I am posting here..

ill assume that most people here are aware of user nullius - https://bitcointalk.org/index.php?action=profile;u=976210

But for those who do not, please take 20 minutes to read his posts. Everything this user posts is a pleasure to read, he is Eloquent with an amazing vocabulary, almost everything he posts has a certain level of humor.. and all this from a newbie? some people refuse to believe he isnt an Alt account, but personally I think the bloke is borderline genius.

Anyway - enough of me loving on him - I just wanted to point out that the merit system does work, and if you are struggling for a reason to spend merit I believe we should help level this bloke up to the Legendary range and I myself will donate 20 Merits a month to this cause, I do hope other sources will be willing to contribute as well

Please use this as a reference for any more bitching and moaning, tell people to step up the game to be more like nullius...  

Nullius is a great person, i already read his posts and i am encouraged by the way he posts and gain merits.
Me too  at first, struggling to get merits and rather than whining, i got some fresh idea which you trashed at first @TMAN ,but thanks god you finally realize my post and thread and gave me merits.
I already learn about nullius' posts, but since each person has its own style, i guess i cant do his style and i will continue my style to post, and i have some great idea for my next thread, hope i can finish it soon and hope you guys will be there

[TMAN]

For a counter point, I offer this guy.  https://bitcointalk.org/index.php?action=profile;u=1178404;sa=showPosts

I threw him a merit today for answering a question I had ... until then, he had zero merit above the 10 he was given as a member.   

I went back and looked at a couple pages of his post history, and found him knowledgeable, intelligent, helpful to others, and communicated well in English although he lists India as his home country....

He’s also a few activity points short of full member ... But will be months away from ranking up at this pace... He’s not what I would consider a one-line shit poster, but will likely be left behind when it’s time to rank up ...

really? when he posts things like this?

Bitcoin, the original cryptocurrency, the currency which paved the way to create a whole new market worth billions now and trillions soon has finally lived its days and given enough reasons as to why it needs to die and that too soon in order for the crypto market to survive.

Bitcoin is one of the few currencies which people buy from their local currencies on the exchanges. Because it is pegged to dollar, euro, etc it is the currency which goes up and down from the perception of people about bitcoin and its value. If bitcoin goes to 20000 dollars it is due to many people are spending 20000 dollars from their banks to acquire that bitcoin. When bitcoin goes to 6000 it is because people are selling off that bitcoin to go back to their dollar in the bank. Till here it is pretty much basic trading knowledge, what happens next is what goes beyond the conventional trader knowledge.

Now come to the remaining 1500 currencies. Almost all of these currencies are pegged not to the dollar or euro but to bitcoin itself. There are few currencies such as ethereum and litecoin which are pegged to the dollar but these again are pegged to bitcoin . We see pairing of Litecoin as LTC/BTC too if we see LTC/USD or LTC/EUR. Same goes for ethereum. Either they are pegged to the bitcoin or to tether which is said to be the dollar value for the crypto market. We might see some exchanges pegging all the currencies to their own coin such as binance coin, kucoin as well giving value to their own coin in the process.

Because all of these currencies are for sure pegged to bitcoin, they are not free from the price fluctuation when bitcoin undergoes a price fluctuation. if bitcoin is at 6000 dollars and it goes up, there is a likely chance other currencies too improve but it is not a sure case since that own coin’s performance impacts it. However, it is not vice versa. If bitcoin goes from 20000 dollars to 6000 dollars, the entire coinmarket suffers its wrath. Because it is pegged to bitcoin like 1 coin may be 0.1 of bitcoin and hence it will try to maintain that 0.1 for most part of its trading and thus if bitcoin loses its value, the other coins loses its value even though the coin might be very good and has no issues with the tech or any bad news against it.

If any of us are investing in any coin, we are basically hoping the rise of that particular coin will be faster than the rise of bitcoin so we actually make some profit of it, otherwise no matter whatever coin we are investing in, it is just like we are investing in bitcoin only since it is following bitcoin’s price hike and fall at allmost all the times.

In order for all the 1500 currencies to draw their own legacy out, they need to ensure that not only they are pegged to the USD or the other fiat currencies, but try to ask the exchanges to bring in more trading pairs so as to limit the impact of just one crypto on them and instead distributing the impact on bitcoin, ethereum and litecoin. Ethereum and litecoin should argue that they do not want to be pegged against bitcoin but rather the fiat currencies in order to chart their own history.

If bitcoin becomes outdated then only we can be free from these massive dips and the massive gains which happen only and only because of perception of bitcoin!

this is a Bitcoin forum yet it seems this fool loves altcoins more?

[drngocct]

Nullius is a phenomenon, you can behold his quality and take him as an example as an intelligent human being, but you can't take him as an example for proving that the merit system is working. Since Nullius is exceptional, and probably THE ONLY ONE in the whole bitcointalk forum who has taken so many merits in such a little time, you would end up proving the exact contrary than intended, ie that the merit system can work only for a few exceptional members and not for the thousands of average ones. You can't tell people: come on, start to write books, everyone can, look at what Shackespeare could write, without even having a computer and a wordprocessor at hand!

He might be a genius, actually. His posts are very constructive, polished, informative. And of course, this guy deserves to so many merit points he received.

[rajatjain]

For a counter point, I offer this guy.  https://bitcointalk.org/index.php?action=profile;u=1178404;sa=showPosts

I threw him a merit today for answering a question I had ... until then, he had zero merit above the 10 he was given as a member.  

I went back and looked at a couple pages of his post history, and found him knowledgeable, intelligent, helpful to others, and communicated well in English although he lists India as his home country....

He’s also a few activity points short of full member ... But will be months away from ranking up at this pace... He’s not what I would consider a one-line shit poster, but will likely be left behind when it’s time to rank up ...

really? when he posts things like this?

Bitcoin, the original cryptocurrency, the currency which paved the way to create a whole new market worth billions now and trillions soon has finally lived its days and given enough reasons as to why it needs to die and that too soon in order for the crypto market to survive.

Bitcoin is one of the few currencies which people buy from their local currencies on the exchanges. Because it is pegged to dollar, euro, etc it is the currency which goes up and down from the perception of people about bitcoin and its value. If bitcoin goes to 20000 dollars it is due to many people are spending 20000 dollars from their banks to acquire that bitcoin. When bitcoin goes to 6000 it is because people are selling off that bitcoin to go back to their dollar in the bank. Till here it is pretty much basic trading knowledge, what happens next is what goes beyond the conventional trader knowledge.

Now come to the remaining 1500 currencies. Almost all of these currencies are pegged not to the dollar or euro but to bitcoin itself. There are few currencies such as ethereum and litecoin which are pegged to the dollar but these again are pegged to bitcoin . We see pairing of Litecoin as LTC/BTC too if we see LTC/USD or LTC/EUR. Same goes for ethereum. Either they are pegged to the bitcoin or to tether which is said to be the dollar value for the crypto market. We might see some exchanges pegging all the currencies to their own coin such as binance coin, kucoin as well giving value to their own coin in the process.

Because all of these currencies are for sure pegged to bitcoin, they are not free from the price fluctuation when bitcoin undergoes a price fluctuation. if bitcoin is at 6000 dollars and it goes up, there is a likely chance other currencies too improve but it is not a sure case since that own coin’s performance impacts it. However, it is not vice versa. If bitcoin goes from 20000 dollars to 6000 dollars, the entire coinmarket suffers its wrath. Because it is pegged to bitcoin like 1 coin may be 0.1 of bitcoin and hence it will try to maintain that 0.1 for most part of its trading and thus if bitcoin loses its value, the other coins loses its value even though the coin might be very good and has no issues with the tech or any bad news against it.

If any of us are investing in any coin, we are basically hoping the rise of that particular coin will be faster than the rise of bitcoin so we actually make some profit of it, otherwise no matter whatever coin we are investing in, it is just like we are investing in bitcoin only since it is following bitcoin’s price hike and fall at allmost all the times.

In order for all the 1500 currencies to draw their own legacy out, they need to ensure that not only they are pegged to the USD or the other fiat currencies, but try to ask the exchanges to bring in more trading pairs so as to limit the impact of just one crypto on them and instead distributing the impact on bitcoin, ethereum and litecoin. Ethereum and litecoin should argue that they do not want to be pegged against bitcoin but rather the fiat currencies in order to chart their own history.

If bitcoin becomes outdated then only we can be free from these massive dips and the massive gains which happen only and only because of perception of bitcoin!

this is a Bitcoin forum yet it seems this fool loves altcoins more?

Hi,

I just put my thoughts into it based on what i see everyday and yes i do love altcoins! A discussion doesn't have to be one sided and i am just trying to engage in a healthy discussion where i can learn and contribute to the community. I posted my views as to why there needs to be more pairings with litecoin and other altcoins along with fiat pairs to ensure that a healthy system be maintained for the people to invest. If bitcoin goes to 30,000 dollars, at no point i want the people who are trading in small quantities like 100 dollars or 500 dollars to be paying a 30 dollar fee to it.
At no point i am saying that i am only correct and all others running after bitcoin are wrong. i posted this on bitcointalk to engage in discussion only.

Again, just my 2 cents on this issue. Bitcoin won't die even if i say so and i have no control over it but i just wanted to engage as to how can bitcoin sustain a 20,000 dollar or even above price tag with so much time delay.

Peace and cheers!

[Lauda]

For a counter point, I offer this guy.  https://bitcointalk.org/index.php?action=profile;u=1178404;sa=showPosts
-snip-

Invalid counter point. That guy is posting in threads about shitcoins. Don't expect rewards when almost all you do is delve in the garbage bin.

I just put my thoughts into it based on what i see everyday and yes i do love altcoins!

99.9% of them are scams in one way or another.

If bitcoin goes to 30,000 dollars, at no point i want the people who are trading in small quantities like 100 dollars or 500 dollars to be paying a 30 dollar fee to it.

The fee that has to be paid has nothing to do with the USD price whatsoever. Obviously, as expected, a fundamental misunderstanding of cryptocurrencies and no understanding of fee-reduction methods.

Bitcoin won't die even if i say so and i have no control over it but i just wanted to engage as to how can bitcoin sustain a 20,000 dollar or even above price tag with so much time delay.

I don't even... just go away.

[rajatjain]

For a counter point, I offer this guy.  https://bitcointalk.org/index.php?action=profile;u=1178404;sa=showPosts
-snip-

Invalid counter point. That guy is posting in threads about shitcoins. Don't expect rewards when almost all you do is delve in the garbage bin.

I just put my thoughts into it based on what i see everyday and yes i do love altcoins!

99.9% of them are scams in one way or another.

If bitcoin goes to 30,000 dollars, at no point i want the people who are trading in small quantities like 100 dollars or 500 dollars to be paying a 30 dollar fee to it.

The fee that has to be paid has nothing to do with the USD price whatsoever. Obviously, as expected, a fundamental misunderstanding of cryptocurrencies and no understanding of fee-reduction methods.

Bitcoin won't die even if i say so and i have no control over it but i just wanted to engage as to how can bitcoin sustain a 20,000 dollar or even above price tag with so much time delay.

I don't even... just go away.

Can you please tell me about the fee-reduction methods? I will love to update myself with some more knowledge on the subject.
As for 99.9 percent of altcoins, being scams, i have invested in vibehub , genesis vision and a couple of others in which i have talked to the team members, read whitepapers, and did whatever analysis i can come up with to invest in them. If you find any reasons as to why those projects are scams, i would love to hear it and try to change my analysis for the next projects that might come up!
Till october, my country's exchanges had only bitcoin and to trade in others, i had to send bitcoin every single time from local exchange to bittrex or binance which always costed me money and it was just not feasible for me anymore to convert my money and send it across other global exchanges.

Thanks

[TMAN]

snip

Hi,

I just put my thoughts into it based on what i see everyday and yes i do love altcoins! A discussion doesn't have to be one sided and i am just trying to engage in a healthy discussion where i can learn and contribute to the community. I posted my views as to why there needs to be more pairings with litecoin and other altcoins along with fiat pairs to ensure that a healthy system be maintained for the people to invest. If bitcoin goes to 30,000 dollars, at no point i want the people who are trading in small quantities like 100 dollars or 500 dollars to be paying a 30 dollar fee to it.
At no point i am saying that i am only correct and all others running after bitcoin are wrong. i posted this on bitcointalk to engage in discussion only.

Again, just my 2 cents on this issue. Bitcoin won't die even if i say so and i have no control over it but i just wanted to engage as to how can bitcoin sustain a 20,000 dollar or even above price tag with so much time delay.

Peace and cheers!

you obviously are not versed in Segregated witness or the Lightning network. making such strong statements on a bitcoin forum wont get you many merits fella