There's a new economy growing on this forum - Merit

[dx_twisted]

it wont take longer to eliminate such users and I am sure the forum will then be cleansed.

Yeah, give it some time and this forum will definitely back in its shape.

Just a reminder guys, yapping, and complaining about how hard to level-up your account won't do anything! What the moderators implemented is for the good of the community. They won't change anything and what's done is already done! They are just doing their job on how to make this forum site better and be clean from spammers, shitposters and the like.

We are maybe low level and will have a hard time just to earn those precious points, but it will definitely improve our post quality and behavior in this forum. Also, do not condemn higher accounts just because of they already reached Hero or Legendary status, it's not their fault if we joined the site late compared to them.

[gambitcoin53]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

maybe you are talking about the demands of having a merit, well that is one of the repercussion of this merit system. for us to rank up, we almost literally beg for anyone to give us a single merit. but we should not be whining about this, we should look at it as a chance to uplift or improve better posting and comments. some are finding ways to contribute informative threads which is a better way to earn merits. it is like hitting two birds with one stone, we earn merits and we have contribute something to improve this site, as we all know, posting is the main source of earning bitcoin, which will eventually attracts more company that seeks service to boost their products via signature campaigns. 

[portotoi]

Merit is a system that prevents undervalued posts and spammers. Through this merit, more posts will be valuable and interesting that anyone can get any idea. Merit also can be used also to prevent those cheaters and multi account on doing shit posts just to promote their rank in an easy way.

[Baofeng]

Merit is a system that prevents undervalued posts and spammers. Through this merit, more posts will be valuable and interesting that anyone can get any idea. Merit also can be used also to prevent those cheaters and multi account on doing shit posts just to promote their rank in an easy way.

Yes that's why it was put in the first place. To prevent shitposters from taking advantage of this forum. Many have been caught already. But there are still who got merits for shitposting and I'm sure that the global mods are having their hands full banning and negging those who are taking advantage of this new system.

Those multi accounts cannot sustained this merit system because I'm sure that they will be reported and all their multi account will be banned and they can't just created new accounts because they will be having a hard time ranking it up.

[syaripudin]

application of merit system that is applied for a goal that is in terms of improving the quality of posts from all members in this forum very influential on the level of mindset that is owned by the members in this forum. I think with the merit system there will be a fositip impact of post quality level where every member in this forum will be better conceptualized in making a topic or post that will be submitted.

[xaviervilla]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

Well, I have to hand it to the people who thought about this. It really is a great course of action and has clearely helped a lot on influencing lots of people to at least make an effort on putting some thoughts into their posts. Although there are still a lot that are spamming the forum with useless posts and a lot more that posts are really hard to understand since they force to speak English even when they are having a hard time with it. Yes, I get it, practice makes everyone improve. But this forum isn't a practcing ground for people learning engkish for the first time. They can stay on local boards if thet want. But even so, I am seeing an improvement with the forum contents which is pretty nice if you ask me.

[wxa7115]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

I do not know if this is correct after all the sources generate new merit every month and more sources will be added in the future, what it is going down is the amount of merit in control of the non merit sources, every time you spend a merit you only generate half of it, if the distribution of that merit was perfect and no loss occurred then that means that merit that was created at the start of the new system can generate an additional merit, eventually the merit from the sources will eclipse that amount but it will take time.

[HabBear]

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

I do not know if this is correct after all the sources generate new merit every month and more sources will be added in the future, what it is going down is the amount of merit in control of the non merit sources, every time you spend a merit you only generate half of it, if the distribution of that merit was perfect and no loss occurred then that means that merit that was created at the start of the new system can generate an additional merit, eventually the merit from the sources will eclipse that amount but it will take time.

What I'm saying is the people who receive the merit will become fewer and fewer because the distribution of sMerit will not be as broad in the future as it was in the beginning. This means that the people with merit to spend will have a lot more threads competing for the same merit point, thus constricting/consolidating the market place and leading this "economy" into recession.

What is the relation of merit to economy? Economy is a term of country business area that help everyone to produce wealth, to offer services and pay by money, teachers wages, the income of the household, products and goods, the import and export of some items, that can be summarized to economy. Economy is all about capacity to produce wealth. Merit is far from economy. I can't sense any relation with economy/merit. Maybe, unless if merit sell by one it can be an economy for own interest but it is forbidden.

Because having merit represents wealth and status on this forum. An economy can be created out of any relationship of supply and demand, it doesn't have be strictly the selling/buying of goods and services.

I'm not talking about selling/buying merit, I'm talking about the supply/demand for something that represents wealth on this forum.


This post is a perfect example of why middle and lower rank members don't get merit (and why centralization of merit will occur in the future). This post is reasonably well written, it provides a complete response to a question...but the question it asnswers was never asked on this thread. Portotoi here just posts a generic response that has nothing to do with the discussion, let alone adding any value.

Because this post is off topic and doesn't directly add to the discussion on this thread it's (technically) a "shitpost".

Merit is a system that prevents undervalued posts and spammers. Through this merit, more posts will be valuable and interesting that anyone can get any idea. Merit also can be used also to prevent those cheaters and multi account on doing shit posts just to promote their rank in an easy way.

[Nissan-GTR]

I love this new merit system. And I see its use beginning to form a new type of economy here, anyone else see it?

I'm not talking about selling merit. There's been a lot of talk about such but I don't think many transactions are occurring. What is happening is that as everyone spends their merit there becomes significantly fewer people that have any to spend. So the sources become fewer and more centralized and the competition to get merit increases.

Feels like an economy on the verge of recession. Fortunately, merit isn't worth much!

This new system was definitely a good innovation to lessen multiple account and the possible outgrowth of the new workers here in Bitcoin, it promotes quality postings so you can have a better amount of merit to take but didnt they know, it also affects the prior workers cause the possibility for us to rank up will be more challenging cause you have a certain quota for every rank.

[AnonBitCoiner]

I was very impressed by this merit system.It will force you make some quality posts to  rank up to next one.Before this it's possible to farm a account.With respect to time the rank of the users will increase in past .But now you have to make quality post to get more  merits in short time.

[jaysabi]

Sir, an economy is created out of anything that is traded. Stocks, goods, bananas, cigarettes (in a prison). Merit certainly falls within this category. E.g., you offer good content that I find useful and I give you a merit in exchange. And given that we're talking in the Economics board of this forum, discussing how the Merit system, as an economy, will grow and consolidate is really interesting discussion.

Except nothing is being traded in this case. A trade is quid pro quo, something for something. That's not what is happening here. You haven't traded your merit for someone's post. The post exists whether or not you give it merit. This is like a street performer with playing a saxophone on the street corner with a bucket for you to place coins into if you appreciate the music. Nobody is obliged, there's no real incentive to do so either. It depends on people's generosity. So it's not an economy at all, it's a patron system.

That said, I don't like it. The main problem is there's no incentive to give merit to good posts, and that's probably why you see so little of it. It's a poor attempt to solve the real problem of low quality posts, and I don't necessarily see it doing a good job of it.

[gledek]

Merit system is made to improve the quality of our bitcoin, if this is said to be a new economy that I think is not right, because it has nothing to do with the economy. If said to have little rival in terms of level to follow the gift of i think yes. because now level up need merit, and it's not easy.

[Hell-raiser]

There are numerous people here on the forum who make shitty posts in signature campaigns and bounty campaigns just to earn some crypto. Lately, the forum was filled with a good number of shit posts which annoyed many people and this is why the merit system was introduced. I can notice the difference as well since the number of people in the campaigns are getting decreased. Although there are people trading merit, it wont take longer to eliminate such users and I am sure the forum will then be cleansed.

The problem is people are not inclined to give merits to junior ranks, apart from a few "altruists" springing up here and there from time to time. You can check many DT1-DT2 members' profile pages and see that they are busy rewarding each other with dozens of merits for meaningless posts in Meta, while there are quite a few decent posters in lower ranks who are unlikely to make it to the next rank just because no one gives them enough merits even despite the fact that their posts are oftentimes more insightful than those of who probably think themselves as forum elite. I mean much of the Economics board, for example, where these elitists and highbrows are not heard of simply because they have nothing to say.

That said, I don't like it. The main problem is there's no incentive to give merit to good posts, and that's probably why you see so little of it. It's a poor attempt to solve the real problem of low quality posts, and I don't necessarily see it doing a good job of it.

Strongly support this opinion.

[Dragon5]

I do not care whether it is economy or not. The thing is it seems to be almost impossible to get one)) Probably that's why it has similarities with finance. Wealthy support wealthy, ordinary members just get by on what they have. 

[Kavallo]

Yes, in fact Merit acts as a cryptocurrency which get "mined" by Proof of QualityPosting. It is a very deflationary currency. This however is a little problem since it may be too deflationary to actually continuing to circulate at some point. There are Merit sources, but I guess they are still not enough to catalize the circulation.

[krigger]

I understand that the merit system here is put a place to actually help weed out the bad from the good but we also have to consider the fact that it is now incredibly hard for newbies and junior ranked members of the forum to get merit as a lot of people are unwilling to give merit. This just leads to people actually paying for merit because they are finding it so hard to get it here.

[IMAR]

What I understand is that Merit system was use to make quality post to have a quality environment here in bitcointalk. But the reality of ranking up is painful right now. Imagine posting for so long and updating your account, you will still not going to rank advance if your merit wont be able to hit a required number. Its really difficult nowadays. I've been giving away my Smerits but from the time merit system was introduce, I only received 1 merit. Regardless how long or informative your post is, people don't tend to gave merits. I think, giving is not practice in here. Some members to solve this is buying merits and even buying accounts. I hope this will be resolve in due time.  Please people, share your Smerits. Thank you.

[ralle14]

What I understand is that Merit system was use to make quality post to have a quality environment here in bitcointalk. But the reality of ranking up is painful right now. Imagine posting for so long and updating your account, you will still not going to rank advance if your merit wont be able to hit a required number. Its really difficult nowadays. I've been giving away my Smerits but from the time merit system was introduce, I only received 1 merit. Regardless how long or informative your post is, people don't tend to gave merits. I think, giving is not practice in here. Some members to solve this is buying merits and even buying accounts. I hope this will be resolve in due time.  Please people, share your Smerits. Thank you.

Not everyone here can immediately see your post that's why it's not easy to get merits. What you should do is to share your posts in one of those threads where the author of thread is willing to share merits to lower ranked users. There are different ways to gain merit other than putting out a good quality post. Those threads can be found on the meta and services section. That's not 1 merit  you already received 10 merit from someone.

[Spaffin]

In the first place, merit system is not a type of economy and not also a new form of economy here in forum.
Merit system is a protocol made by Theymos in order for the users in this forum to make a quality post. The new system wants to achieve excellence!

The problem is, we can see a lot of a quality posts in these forum but did not receive any merits like your post here. I believe the thread is only sarcasm.

Absolutely right. I do not see that the new system of merit has changed something in this forum for the better. In fact, this is simply a limitation in access to the forum of new members, since new members will never be able to reach high ranks, say, a senior member. With the current system of merit, it is impossible to collect 500 such merits in ten years.

[samputin]

Merit is a strategy used in order to eliminate shit posters and spammers here in this forum. Everyone must really work hard  and work well  in order to contribute something informative and useful in this community, thus of high quality. The downside is that members here find it hard to rank up even they are posting worth merited. Not everybody here reads what a person have posted, for that reason merits are not given. The tendency is they remain stucked in their current rank. Others seem to not share Smerits. I hope they would give credit where credit is due. I mean, give merits to something which deserves it.