F*#king merit system but we have to live with that… (poll added)

[chem96]

OK it’s a hook but let me explain my idea.

In short time I'll maybe start managing a bounty campaign. (in negotiation)

My idea is to use the Merit as metrics, respectively to allocate a budget for the Merit and distribute it to members who have collected Merit during the signature campaign.

Goal: motivate people to write quality posts and create some hype. --> Merit is very controverted and I think we could be the first campaign to run a Merit campaign

Distribution at the end of the campaign Merit pool distribution: (your Merit earned / total Merit earned from all participants) * Token Merit Pool.

What do you think?
Some campaign already used this system?
Do you see weakness?

Thank you in advance for feedbacks

edit: sMerit -->Merit


EXEMPLE:

Imagine  a bounty campaing with 5000 Token (whole budget). We will have a bonus Merit campaign with 1000 token to distribute.

Here the statistics of the 5 participants, at the beginning of the campaign:
- John; full member ; 100 Merit
- Bob: member; 51 Merit
- Alice: member; 10 Merit
- Termos: Legendary; 3004 Merit (?)
- Dekafe: newbee copper Member; 0 Merit

Here the statistics of the 5 participants at the end of the campaigns:
- John; full member ; 102 Merit
- Bob: member; 59 Merit
- Alice: member; 12 Merit
- Termos: Legendary; 3004 Merit
- Dekafe: newbee copper Member; 24 Merit


Number of merit won by all participant during the campaign: 2+8+2+0+24= 36 Merit

This is what each participant will get as a token bonus at the end of this bounty:
(your Merit earned / total Merit earned from all participants) * Token Merit Pool.

- John; full member ; (2/36)*1000= 55.5 token
- Bob: member; (8/36)*1000= 222.2 token
- Alice: member; (2/36)*1000= 55.5 token
- Termos: Legendary; (0/36)*1000= 0 token
- Dekafe: newbee copper Member; (24/36)*1000= 666.6 token


So in my example the Newbee copper member wins 666.6 Token and the Legendary nothing.

[1715497069]

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[TryNinja]

I believe you're confusing Merit with sMerit.

Merit is what you receive.
sMerit is what you can give.
So, basically your idea is to give a bonus payment for those who get merits while in your campaign?

[chem96]

I believe you're confusing Merit with sMerit.

Merit is what you receive.
sMerit is what you can give.
So, basically your idea is to give a bonus payment for those who get merits while in your campaign?

Yes, sorry I'll fix that

[The Sceptical Chymist]

Yeah, I don't understand the "use smerit as a metric" thing or what exactly you intend to do with it.

Merit is already being used somewhat by campaigns managed by Yahoo62278, but not in the way it seems like you intend to do.  He offers higher rates to users who have more merits (not smerits), and he has his own campaign where acceptance into it is based on a minimum amount of merits.

DarkStar_ keeps track of Chipmixer participants' merits but doesn't use it for any purpose beyond bragging (rightfully so) about the quality of their posts.

If you come up with a clever idea, go for it.  I don't understand exactly what you're planning here, but if it's a good idea I'm sure other people will emulate you.  Maybe you can explain a bit more.

[sncc]

Assuming that the OP's idea is a bonus payment by sMerits, I am not sure what the sMerit pool is.  Do you mean hiring merit sources for the bounty ... ?

[mdayonliner]

In short time I'll maybe start managing a bounty campaign. (in negotiation)

I hope you get the assignment, good luck for that.

To give you the feedback: It will be your management. You keep the right how you manage it. If the participants agree with your terms, you will hire them and if they don't then don't hire. I am sure you won't have the problem of not having enough participants. There are lots of members in the forum are looking for bounties.

[Lauda]

Seems like a good way to covertly deploy merit to your alts[1] under the pretense of "quality-campaign contributions". Thus, I'm going to say 'No' to this suggestion.
[1] Not implying that OP has alts; it's just a thought of one the (bad) things that this would set the precedence for.

[chem96]

Sorry all, I wanted to talk about merit and not smerit. I edited the first post.

The idea is to set up a bonus based on the merit collected during the campaign and not just to make a campaign focused on merit.

@Lauda: I don't exactly understand what OP means, nor the problem of merit being distributed to guys who sometimes post in threads other than BTC. And if they want to receive merits, they will certainly have to post in the BTC thread... 

[TryNinja]

OP = you. Lauda is saying that this is a great way of giving merit to alts while pretending you are meriting legitimate users. And that's the issue. Maybe you really want to motivate and reward users who do HQ posts, but someone else could steal your idea to merit his fake accounts and rank up without risking a negative trust. Basically "money merit laundering".

[chem96]

OK Alt = alternative account and not Altcoin. got it

Right is a risk. I'll think about this problem

[DdmrDdmr]

I would add a couple of things to consider in addition to your base idea:

1. Consider whether you should set a minimum amount of merits per rank in order to participate. If the idea is that the campaign be visible through people that get merited, then you probably don’t want to counter balance that with many users that lack having a track for receiving merit, which tends to be correlated to the degree of posting interest.

2. If you do eventually set minimums per rank, you may need some stats to help you to finetune those minimums, knowing what the maximum number of potential participants could look like.

3. Merit is already being traded and/or abused in someways. This may be more so for some when additional income is a function of achieved new merit. That is no easy to control. Perhaps it can be specified in your rules that if would lead to disqualification, but then you would have to review the gained merit and become judge and jury.

[zool2003]

OK it’s a hook but let me explain my idea.

In short time I'll maybe start managing a bounty campaign. (in negotiation)

My idea is to use the Merit as metrics, respectively to allocate a budget for the Merit and distribute it to members who have collected Merit during the signature campaign.

Goal: motivate people to write quality posts and create some hype. --> Merit is very controverted and I think we could be the first campaign to run a Merit campaign

Distribution at the end of the campaign Merit pool distribution: (your Merit earned / total Merit earned from all participants) * Merit Pool.

What do you think?
Some campaign already used this system?
Do you see weakness?

Thank you in advance for feedbacks

edit: sMerit -->Merit

Great to be thinking of new ways of getting the posts up but it defiantly wouldn’t work as people with alts would be to tempted to pass them around.

One way or another it would be just the same as selling merit which wouldn’t make anything any different.

[suchmoon]

I believe you're confusing Merit with sMerit.

Merit is what you receive.
sMerit is what you can give.
So, basically your idea is to give a bonus payment for those who get merits while in your campaign?

Yes, sorry I'll fix that

It still doesn't make sense. It should be sMerits in your pool. I think. Maybe I'm missing something.

And how are you going to fill the pool?

[Lauda]

It still doesn't make sense. It should be sMerits in your pool. I think. Maybe I'm missing something.

And how are you going to fill the pool?

Pump up one of the main accounts in the ring of farmed accounts by sending it a lot of merit under the pretense of creating a pool. I'm getting good at predicting the future.

[LTU_btc]

Sorry for little off-topic. You're planning to become bounty manager, but you are confusing Merit and sMerit, you don't know some pretty basic things like what words OP and alts means. Are you sure that you're ready to become bounty manager? And I'm not sure that I understand your idea correctly. From where you will get enough sMerit to pay it to participants?

[criz2fer]

OP = you. Lauda is saying that this is a great way of giving merit to alts while pretending you are meriting legitimate users. And that's the issue. Maybe you really want to motivate and reward users who do HQ posts, but someone else could steal your idea to merit his fake accounts and rank up without risking a negative trust. Basically "money merit laundering".

Another way around for a understanding
OP=Original Poster (just to remember it more)

The idea could be great. Kindly clear if this Merit Pool your saying is another extra payment or a distribution of sMerit.

But, allocation of it may mix up your computation by the end of the  campaign. Rather than doing a calculated pool, it would be nice if you may fix the rates

[chem96]

I see a lot of misunderstanding. Well the idea doesn't seem to be easy to understand or is poorly explained.

I'll use an example:

Imagine  a bounty campaing with 5000 Token (whole budget). We will have a bonus Merit campaign with 1000 token to distribute.

Here the statistics of the 5 participants, at the beginning of the campaign:
- John; full member ; 100 Merit
- Bob: member; 51 Merit
- Alice: member; 10 Merit
- Termos: Legendary; 3004 Merit (?)
- Dekafe: newbee copper Member; 0 Merit

Here the statistics of the 5 participants at the end of the campaign:
- John; full member ; 102 Merit
- Bob: member; 59 Merit
- Alice: member; 12 Merit
- Termos: Legendary; 3004 Merit
- Dekafe: newbee copper Member; 24 Merit


Number of merit won by all participant during the campaign: 2+8+2+0+24= 36 Merit


This is what each participant will get as a token bonus at the end of this bounty:
(your Merit earned / total Merit earned from all participants) * Token Merit Pool.

- John; full member ; (2/36)*1000= 55.5 token
- Bob: member; (8/36)*1000= 222.2 token
- Alice: member; (2/36)*1000= 55.5 token
- Termos: Legendary; (0/36)*1000= 0 token
- Dekafe: newbee copper Member; (24/36)*1000= 666.6 token


So in my example the Newbee copper member wins 666.6 Token and the Legendary nothing.


I hope it helps

[Bershie]

I see a lot of misunderstanding. Well the idea doesn't seem to be easy to understand or is poorly explained.

I'll use an example:

Imagine  a bounty campaing with 5000 Token (whole budget). We will have a bonus Merit campaign with 1000 token to distribute.

Here the statistics of the 5 participants, at the beginning of the campaign:
- John; full member ; 100 Merit
- Bob: member; 51 Merit
- Alice: member; 10 Merit
- Termos: Legendary; 3004 Merit (?)
- Dekafe: newbee copper Member; 0 Merit

Here the statistics of the 5 participants at the end of the campaign:
- John; full member ; 102 Merit
- Bob: member; 59 Merit
- Alice: member; 12 Merit
- Termos: Legendary; 3004 Merit
- Dekafe: newbee copper Member; 24 Merit


Number of merit won by all participant during the campaign: 2+8+2+0+24= 36 Merit


This is what each participant will get as a token bonus at the end of this bounty:
(your Merit earned / total Merit earned from all participants) * Token Merit Pool.

- John; full member ; (2/36)*1000= 55.5 token
- Bob: member; (8/36)*1000= 222.2 token
- Alice: member; (2/36)*1000= 55.5 token
- Termos: Legendary; (0/36)*1000= 0 token
- Dekafe: newbee copper Member; (24/36)*1000= 666.6 token


So in my example the Newbee copper member wins 666.6 Token and the Legendary nothing.


I hope it helps

Sounds like a good idea. But how can you fund the pool? Merits is only limited now a days but if you can fix that? I should say " Where can i sign up?"

[chem96]

-snip

Sounds like a good idea. But how can you fund the pool? Merits is only limited now a days but if you can fix that? I should say " Where can i sign up?"

No merit Pool but Token pool.
you earn Token not Merit

[sparg]

I think it is a good idea but you will not have any success with it.
Most of the campaigns now only require a certain number of posts because they are after the awareness.
Most of the participants do their posts (this is the main problem of spamming) without any research in order to get to their post count as fast as they can.
So if I have to choose from a campaign that requires post count and your campaign for sure I will go towards the first one because is simpler to achieve.

Dont get me wrong, you have my full support for this but in an ecosystem based on spam for the bounty I don't think it will work.