IDEA: Merit token

[goldkingcoiner]

After watching the amount of scams in ico bounties, I have decided its time to think of a new way to go about harm reduction.

I came to the idea of a merit-token. You could also call it a second merit system specifically made for the bounty forum.

The idea behind this is that anyone wishing to advertise their bounty on bitcointalk would have to pay a small fee to bitcointalk. And in exchange, they would recieve a certain amount of merit-tokens. And in order to hire a bitcoin talk member for a bounty, depending on the campaign, he would have to pay the member a certain amount of merit-tokens, at the end of the campaign, in addition to the bounty earnings, for a successful job.

These tokens could be used to trade for merit or on an exchange, for other tokens/coins/fiat.

This would not only force bounty icos to take things more seriously but it would deter scammers. A small percentage of the token fee could be donated to this forum, in order to keep it alive and keep it progressing further.

[1715084541]

1715084541

[mdayonliner]

This goes to the Altcoin section Service Announcements (Altcoins) since Merit token is going to be another Altcoin  

You are over thinking everything about merit. Keep the rules very simple. Read here please.

[The Cryptovator]

Not agree. This forum based on Bitcoin founded by satoshi.

Please read his first post.
Welcome to the new Bitcoin forum!

There are no need create another token. Bitcoin founder created this forum it's enough all payment made by Bitcoin if necessary.

Not agree.

You don't think bounty members deserve merit for a job well done?

Why you think bounty hunter derseve merit unless they make quality post ? They are awarding by token for promoting.

[goldkingcoiner]

Not agree.

You don't think bounty members deserve merit for a job well done?

[TMAN]

Not agree.

You don't think bounty members deserve merit for a job well done?

no bounty hunters should be kicked in the bollocks and hung

[Jet Cash]

Just remove merit and activity from bounty spamming. That's the way to clesan things up.

[The Sceptical Chymist]

You don't think bounty members deserve merit for a job well done?

They're compensated for what they do, and that's enough.  The majority of bounty hunters are degenerate shitposters, and if you introduce a merit token that can be exchanged for actual merit, it'll get abused to no end.  

If the bounty hunter is in a signature campaign, they'll earn merits if they deserve them.  No token needed.

But they aren't though.

Don't give a fukk.

[goldkingcoiner]

You don't think bounty members deserve merit for a job well done?

They're compensated for what they do, and that's enough.  The majority of bounty hunters are degenerate shitposters, and if you introduce a merit token that can be exchanged for actual merit, it'll get abused to no end.  

If the bounty hunter is in a signature campaign, they'll earn merits if they deserve them.  No token needed.

But they aren't though. 99% of bounty icos never go anywhere. And content creators and translators are being picked by their value of trust in this community since most already have decent portfolios.

Merit tokens are just a way hunters still get something even if the bounty is a scam or fails. Think of it this way: Everyday we see 5-10 new bounties. Most are trash, and they know their ico is trash, but they are going to find members on this board that will spam their crap anyway.

With the introduction of fees the bounty announcements go down, lesss spam less trash more real rewards for real work.

If anything this makes it a cleaner forum.

[Shyanadi]

Normally when I choose a bounty I check if this is bounty manager or a personal bounty program. And I check the total merits they have..this is a good point and I think we want some bounty trust calculator soon.

[seoincorporation]

...

A merit is a way of telling someone else: "Hey, dude, well done, good work", always related to the post quality. We don`t need merit to acquire an economic view, for they are already being sold in the underground market here.

Merit should be restricted to the people who are actually concern about the forum, the quality and about making some good contributions. This is not economical, but "emotional" somehow.

So, no, of course, no. It would be against the merit system spirit which is to encourage the people to become someone of value in here by a good posting behaviour, not an economical reward.

[RAMSHIVDEEPAK]

My opinion
This IDEA is bad thought of mind. Don't use your mind so much for gaining the merits...

[r1s2g3]

Not agree.

You don't think bounty members deserve merit for a job well done?

no bounty hunters should be kicked in the bollocks and hung

I think Meta was missing TMAN badly. Nice to see you here.

Meaning of bollocks

@TMAN, that is a tough word, I do not think if Duolingo have this word in their curriculum.

Merit tokens are just a way hunters still get something even if the bounty is a scam or fails.

Somebody is really sharing your concern. I just find this morning about moon forum.(https://www.moonforum.net)
I think you can safely go "to the Moon" in this forum.

[goldkingcoiner]

Ok well this is good, constructive critisicm.

What about a second merit system for bounty hunters that has nothing to do with merit now? So as for the hunters to have a proof of quality stamp, instead of being judged by merit they are judged by the work they have done? Also is making bounty announcers pay a fee really that bad? nobody gave me feedback to that? Would that not weed out the scammers?

[Sova_tmb]

It's no good idea , merit not coin , it's  just thanks for you useful posts no more

[Lafu]

Its all about the Merit lol    

Believe, if half of the users complaining about Merit take the time to research and think about writing posts, we'll get a lot more useful posts!

[cabalism13]

This goes to the Altcoin section Service Announcements (Altcoins) since Merit token is going to be another ShitAltcoin  
-snip

I guess that will be the suitable word for the MERIT TOKEN

The majority of bounty hunters are degenerate shitposters, and if you introduce a merit token that can be exchanged for actual merit, it'll get abused to no end.  

And it will turn out to be like buying Merits. It will be the other term for the regularization of Merit Buying in the Forum.

Merit tokens are just a way hunters still get something even if the bounty is a scam or fails.

I guess being aware is just a simple solution for not being in a bounty scam/failure. With your idea more abusive people will definite pop up in no time.

If anything this makes it a cleaner forum.

It'll definitely won't.

Its all about the Merit lol    

Certainly. He just elaborated it in a good concept? Or maybe not.

Believe, if half of the users complaining about Merit take the time to research and think about writing posts, we'll get a lot more useful posts!

I think there would be more people who'll just use the COPY/PASTING Methods / (Reconstruct).

[goldkingcoiner]

Ok so the merit thing was a bad idea, I get it. But if you cut out the merit part, it is a good idea! Pay fee>get tokens>spread your ico announcement>additionally reward users with tokens. Bitcointalk get a piece of the pie too. So everyone wins and the scammers/spammers stay away because they know their shitico is going to get identified as scam sooner or later and they won't want to pay the fee > Less spamming campaigns on Bitcointalk.

How is this a bad idea?

[TheBeardedBaby]

Ok so the merit thing was a bad idea, I get it. But if you cut out the merit part, it is a good idea! Pay fee>get tokens>spread your ico announcement>additionally reward users with tokens. Bitcointalk get a piece of the pie too. So everyone wins and the scammers/spammers stay away because they know their shitico is going to get identified as scam sooner or later and they won't want to pay the fee > Less spamming campaigns on Bitcointalk.

How is this a bad idea?

Well, part of it is already implemented as you need a copper membership to post images, so in a way you have to pay to the forum to post your project /in a proper way/.
It seems that til now you have misinterpreted the whole idea of the forum. It's not a place to work, and the main source of income, the bounties are just a side effect of the new projects appearing here, looking for advertising.
The greed of the people turned the forum into a trashcan of shitposters trying to get as much as possible income from the shittycoin/token projects which from the other had are looking to scam the new "investors" to get rich quick and easy and willing (sometimes) to pay the bounty hunters.

Of course there are some legit projects but to spot them in this mess of scammers it's like real mining, you need to dig a few tons of dirt to find a piece with the size of rice grain.

Just a tip, do something good for the forum and you'll see that it will pay you back...

[seoincorporation]

Ok so the merit thing was a bad idea, I get it. But if you cut out the merit part, it is a good idea! Pay fee>get tokens>spread your ico announcement>additionally reward users with tokens. Bitcointalk get a piece of the pie too. So everyone wins and the scammers/spammers stay away because they know their shitico is going to get identified as scam sooner or later and they won't want to pay the fee > Less spamming campaigns on Bitcointalk.

How is this a bad idea?

From my perspective, this is still a bad idea. There is no reason for the forum being involved with shitty icos. One thing is to be a free site, where anyone can be allowed to spread any project and another -and very different one- is to receive some shitty icons as a result. It implies a way of being involved that is unnecessary.
Do not misunderstood me, I get why are you saying that, but this is against the spirit of the forum. It is very different to be "free" than to be " a part of" something.

[suchmoon]

How is this a bad idea?

There is already an idea floated by hilarious that shitcoiners should pay a fee to list their ICOs. No tokens necessary. They can pay in BTC. Forum gets the whole pie. All the benefits that you mentioned would still exist.

This is a Bitcoin forum. There should not be any tokens involved in any official forum business.

no bounty hunters should be kicked in the bollocks and hung

Good project, riveting vision.