[ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]

[farting_shot]

I'd like to request that people who have an invite code just put it in their signature.  That way, folks don't have to add to the thread just to mention their code.

[@scambuster]

The Escrow Links seem like a really good idea.  (This is what is called MeritMoney on the website, yes?  Or is that something different.)

Can I ask how those are implemented?  How do you keep an on-blockchain escrow secure from prying hands?

[KAMO287]

The Escrow Links seem like a really good idea.  (This is what is called MeritMoney on the website, yes?  Or is that something different.)

Can I ask how those are implemented?  How do you keep an on-blockchain escrow secure from prying hands?

Yes. The MeritMoney link will hold the MRT and the Invite in escrow until it is claimed. It can be canceled if never used or accidently sent etc...

When it comes to how, I'll have to let someone more technical chime in 👍. I can say , it works very well so far!

[radley]

[Merit] [MRT] added in ProBitEx.com-New Crypto exchanger with BTC Pair with low fees 0.15%
Buy-Sell: https://probitex.com/trade/index/market/mrt_btc.html
Trade Guide: Steps of Trade:

1. Make deposit of cryptocurrency from Finance menu

2. Transfer balance from Wallet Balance to Trade Balance from Finance menu

3. On market pair trade page, you can do trade now. For standard security, you need to enter PayPassword for trade.

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4991093.new#new
For any Support:
Discord: https://discord.gg/5s2VUUy
Telegram: https://t.me/joinchat/KK9vShEOWtUZ8WIbPOapsw
Email: admin@probitex.com

Get 10 Probit[PBT] signup bonus(Only KYC verified user will get)

Wallet status: Syncing blockchain

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

[KAMO287]

[Merit] [MRT] added in ProBitEx.com-New Crypto exchanger with BTC Pair with low fees 0.15%
Buy-Sell: https://probitex.com/trade/index/market/mrt_btc.html
Trade Guide: Steps of Trade:

1. Make deposit of cryptocurrency from Finance menu

2. Transfer balance from Wallet Balance to Trade Balance from Finance menu

3. On market pair trade page, you can do trade now. For standard security, you need to enter PayPassword for trade.

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4991093.new#new
For any Support:
Discord: https://discord.gg/5s2VUUy
Telegram: https://t.me/joinchat/KK9vShEOWtUZ8WIbPOapsw
Email: admin@probitex.com

Get 10 Probit[PBT] signup bonus(Only KYC verified user will get)

Wallet status: Syncing blockchain

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

No I think everyone questions the truth about your claim to have Merit listed on your exchange already. It's an invite only crypto and would require that you partnered with Merit Core team to integrate.

Are you manually doing an escrow and verifying that the buyer is already in the merit community? It seems very sketchy and I worry it's a scam.

To trade merit you need an unlocked merit wallet on the merit blockchain 🤔

[shiggidy]

If you need an invite feel free to use: shiggidy

or use this link:  https://wallet.merit.me/?invite=shiggidy

[disifi]

[Merit] [MRT] added in ProBitEx.com-New Crypto exchanger with BTC Pair with low fees 0.15%
Buy-Sell: https://probitex.com/trade/index/market/mrt_btc.html
Trade Guide: Steps of Trade:

1. Make deposit of cryptocurrency from Finance menu

2. Transfer balance from Wallet Balance to Trade Balance from Finance menu

3. On market pair trade page, you can do trade now. For standard security, you need to enter PayPassword for trade.

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4991093.new#new
For any Support:
Discord: https://discord.gg/5s2VUUy
Telegram: https://t.me/joinchat/KK9vShEOWtUZ8WIbPOapsw
Email: admin@probitex.com

Get 10 Probit[PBT] signup bonus(Only KYC verified user will get)

Wallet status: Syncing blockchain

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.

[Suarez18]

I'd like to request that people who have an invite code just put it in their signature.  That way, folks don't have to add to the thread just to mention their code.

Please! Everybody follow this great idea so don't create answers from

"If you need an invitation you can use the following link" is not something attractive for the coin.

Simply if the person will be interested will see your invitation link in your signature, and thus avoids the spam of the invitation links

[radley]

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.

Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.

[mempko]

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.

Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.

The system is decentralized. Invites are generated and distributed in a decentralized way. They are part of the protocol, not the lightwallet. There is no central authority who has an ability to create invites. All invites are generated part of the mining process because they are a currency and transferable just like MRT is.

If you want to list MRT on your exchange, I suggest to contact the core team if you need technical help. It's certainly possible, check out the market as an example. https://market.merit.me

[junnai189]

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.

Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.

The system is decentralized. There is nothing centralized about it. Invites are generated and distributed in a decentralized way. They are part of the protocol, not the lightwallet. There is no central authority who has an ability to create invites. All invites are generated part of the mining process. They are a currency and transferable just like MRT is.

If you want to list MRT on your exchange, I suggest to contact the core team if you need technical help. It's certainly possible, check out the market as an example. https://market.merit.me

Yeah, I definitely do no want to de-rail this ANN thread, because it seems that Merit has a lot of... Merit  

But, I am a bit skeptical of this exchange (ProBit) posted by Radley.  Radley -- there were multiple users here giving their invite codes.  You didn't use one of those before you de-listed Merit?  

Also, how would you have sent MRT to users who bought from you if they were not invited?  I have to be honest, your exchange feels a little bit like a scam.  

Again, I do not want to derail the thread.  In the off chance that you actually *did* list Merit so quickly, that seems impressive.  Maybe you could point us to some proof that your exchange is real?

[Che454010]

Interesting concept.  I have a LOT of questions.  I am going to start with the most pressing ones.

Where do the invite tokens actually come from? It seems like I need an invite token to actually activate my wallet.  Though it seems like the key generation was actually done before receiving the token -- at least I got my seed already.  Are these tokens coming from the Merit foundation?  If so, isn't that a tad centralized?

How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github.  When did you actually BEGIN development?

[Drewbix]

Interesting concept.  I have a LOT of questions.  I am going to start with the most pressing ones.

Where do the invite tokens actually come from? It seems like I need an invite token to actually activate my wallet.  Though it seems like the key generation was actually done before receiving the token -- at least I got my seed already.  Are these tokens coming from the Merit foundation?  If so, isn't that a tad centralized?

How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github.  When did you actually BEGIN development?

1. Invite tokens are randomly distributed and awarded for mining. Additionally, I think that when you first get an invite, they now give a free additional invite token.
Previously, the mining pool did not distribute invites that were mined using it, but they have changed that and now distribute them to members of the pool.

Yes, you do need an invite token to activate the wallet. I would suggest checking out the discord, its pretty active and a great place to check out if you are looking for invites or more information.

2. I'm not sure when the project started exactly, but I discovered them back in March. At that point the number of people mining on the pool and the community was pretty small, maybe 100 or so, since then it has increased a lot. You'll have to ask someone else for a more detailed answer, but December 2017 sounds about right, they are VERY active with their updates.


The ease of mining was really great for a relatively non-tech-savvy person like me, and I was even able to get my Crypto-Noob friends to start mining.

They also are really actively making updates and are pretty open about discussing all aspects of the project, even the current negatives.


Feel free to use my invite code if you are interested in joining: Crypto
https://wallet.merit.me/?invite=Crypto

I can send you a couple MRT to play around with

P.S. Grab the good Aliases while they are still available!

[sprstoner]

i also have some invites available...

this project kind of excites me a bit because it is different, it isnt just yet another copy/paste, and they look to solve some issues that keep the general public away from crypto. i been wrong about other projects and i will be wrong about more... but im mining it for now.... see what happens.

 alias sprstoner or https://wallet.merit.me/?invite=sprstoner  Please PM me, just want to confirm it isnt going to waste.

[KAMO287]

It is a great project but the miners available is not with the best features. I dont know may be, its the algo thats restricting them but even with 20 powerful GPUs you are not the best! One power CPU with 6 medium GPUs makes the best pair. That's the part I dont like about this, hope this solves in the future.

Great point. I am not a pro miner but I have seen this brought up on Discord a few times. I am not sure if it's a miner software issue or just the nature of the Cuckoo algorithm, but I can tell you for sure the Merit team is going to continue to improve it - they have delivered so many improvements in the lightweight wallet already - it's insane!

[JeffJohnsonTheNameYouKnow]

This is one coin you will want to have some of, it's not the same cookie cutter as 99% of the coins out there.

Invite system was terrible until POG 2 came out, now it is only slightly better.  Still hard to get invites without buying them.

[tablesandbenches]

Interesting concept.  I have a LOT of questions.  I am going to start with the most pressing ones.

Where do the invite tokens actually come from? It seems like I need an invite token to actually activate my wallet.  Though it seems like the key generation was actually done before receiving the token -- at least I got my seed already.  Are these tokens coming from the Merit foundation?  If so, isn't that a tad centralized?

How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github.  When did you actually BEGIN development?

Where do invite tokens come from?

Invite tokens are dynamically created with every block mined.  That is, they are created and distributed by the mining algorithm among all active wallets on the network whether that wallet is a miner or not.  The Merit Foundation does not control the creation or distribution of invites.

Yes, you can generate keys before the wallet gets unlocked, but you won't be able to transact until the wallet is unlocked by receiving an invite token.  An unlocked wallet has valid keys, but no one can send MRT to it, you cannot receive MRT to it, and you cannot receive invite tokens to it either.

When did development begin?

Fall of 2017.  They move quickly. 

[KAMO287]

This is one coin you will want to have some of, it's not the same cookie cutter as 99% of the coins out there.

Invite system was terrible until POG 2 came out, now it is only slightly better.  Still hard to get invites without buying them.

Agreed, the improvements they made to Proof of Growth are night and day. Invites are getting better, but I imagine the team will keep looking for ways to improve this too.

[Slaytanic]

I have currently 4 inivtes at hand. If you want to join and try out PM me and I will invite you

[karl_kauffmann]

 


I have recently added Merit (MERIT) to provide soon Mining Calculation, Pools and Exchanges listing some others interesting statistics and Graph about this coin.

Merit (MERIT)