Merit source application by Daniel91

[Daniel91]

Hello
I joined this forum 4,5 years ago.
I mostly follow my local, Croatian subforum but also bitcoin discussion, politics, economy, services etc.
Since many members from my local area, Croatia, Bosnia, Serbia, Bosnia, Slovenia, Macedonia etc. have difficulties to earn merits because their English is not good enough or they can't write good quality posts in English, I started topic on Croatian part of forum where they can report good quality posts on this forum, which deserve merit.
I review reported posts and give merit if post deserve it.
I'm also busy and don't have time to check whole forum so in such way I don't miss good posts and also in such way I can support good writers on this forum with merits.
I almost spend all my merits by now and if I wants to continue this action and support good writers on this forum, I have to apply for a merit source.
Below are the 10 posts that requires to apply for a merit source.
Thank you for your understanding and support.

1, https://bitcointalk.org/index.php?topic=5060870.msg47463260#msg47463260
Zanimljivo mi je bilo kad sam vidio da nitko nije preveo u potpunosti Satoshijev pregledni rad (whitepaper) na hrvatski jezik. Zato sam ja odlučio to učiniti kao hobi u posljednjih nekoliko mjeseci.

Budući da je danas deseta obljetnica otkad je Satoshi objavio svoj znameniti rad, mislim da bi bilo najprikladnije danas objaviti svoj kompletan prijevod njegovog rada na hrvatski jezik. Nastojao sam prevesti sve pojmove što sam bolje mogao, ali problematične su riječi poput "nonce" za koje ne postoji hrvatski ekvivalent. Zbog toga sam takve pojmove ostavio u izvornom obliku. Gramatika mi nikad nije bila najjača strana, pa ako slučajno vidite nekakvu grešku, slobodno mi se obratite. Pregledao sam cijeli dokument nekoliko puta, ali još uvijek je moguće da sam propustio neku grešku.

Navedeni su SHA-256 hashevi dvaju dokumenata radi provjere. Prvi je izvorni dokument u OpenDocument formatu koji sam preuzeo preko GitHub projekta (wbnns/bitcoinwhitepaper); pomoću njega sam napravio PDF koji je također objavljen.

45f15e3597056694380e95b0c821149fb50015c5f3e302247c26bcbff95f0ca9 - bitcoin_hr.odt
b36444d0b5260f8c8cfa2dc5b6b4e4e65326980482db71a215d7c031e01a15f9 - bitcoin_hr.pdf

Poveznice (linkovi) na dokumente:

http://s000.tinyupload.com/?file_id=88452281597142018811 - bitcoin_hr.odt
http://s000.tinyupload.com/?file_id=02999955159840527656 - bitcoin_hr.pdf  

2.  https://bitcointalk.org/index.php?topic=4056588.msg43051050#msg43051050
Ako kome pomogne, mislim da je ovo najbitnije - mada nista groundbreaking...one prave informacije nam tek dolaze nakon token generation eventa:



Q:
When is the wallet supposed to come out so we can run nodes?
And why are the rewards for demo events going down? There's still a lot to be distributed in demo events right?

A:
Mobile client will be launched on the main net somewhere in Q4, exact timetable will be released somewhere after TGE.



Q:
to run a consensus node, does it pay out more to have above said requirement, like if you had 113000 compared to 13,000 tokens.. would there be any staking advantage in the size, could you give any specifics about consensus nodes or is there an article about the payouts and how it works?

A:
Validation nodes initially weren't planned to be tiered, but once recruitment phase ends and development and brainstorming phase kicks in, expect much more announcements from a developer's perspective. Of course running more nodes means higher returns, but not because of a higher level or score of a validation node per se. The amount will be fixed relative to the tokens in circulation, so the more tokens you have the more validation nodes you will be able to run (concurrently, if chosen). Essentially, validation nodes act as just-in-time masternodes. They are only active during the specific time frame the market is online. As more data is being validated and the platform adopted, developers will buy EVT to reward users who report data and as more of them do, the prices (and fees) will rise accordingly.
We are still preparing the article for validation nodes, but if you have any specific questions to ask just shoot. Are you interested about the hardware required, how they're projected to run or how they're chosen from the pool?  



Q:
so youre saying itll be easy to have 5-8 validation nodes?
what type of interaction would it require to be a validation node?
im trying to wrap my mind around this and struggling a bit, i guess the worst masternode is throwing me lol
i guess hardware required would be one, am i penalized for it being down is two (but youre saying it doesnt have to be up all the time so i guess thats a no)

A:
If you have enough tokens, sure. But setting them up and running them isn't the same. Once you have enough tokens you will have to stake them (essentially just proving that you have them). Once a developer creates a market, a few validation nodes (number varies per his request) are chosen at random (reputation and network statistics come in to play as well, to a degree). This means that the chance all of your validation nodes will be running simultaneously is quite low. If you are chosen, you will have a certain amount of time before the market starts to accept this task before it is delegated to another node. If you accept, these tokens are then locked for the duration of the market (voting process + dispute time, if required). If your node comes to the same conclusion as the rest of the nodes, the tokens are released back to you. If you try to manipulate the consensus outcome, the tokens are sent to the common pool from which participants doing certain actions are rewarded.
Once the app is released and the functionality implemented, all settings will be available for you to adjust manually. But because understanding and knowing current market statistics can be time consuming and too much of a hassle, a built-in algorithm will automatically calculate the optimal settings for you, you will just need to set it up initially. You won't need any specialized hardware for that matter, any new smartphone will be able to run it.


Q:
okay so what would "going against the consensus" look like.. like what would i be validating? im getting a disconnect there, can you give an example of 3-2=1 or something simple
im following so far, that a few random nodes will be selected, and im assuming the nodes themselves need to come to a conesus

A:
You personally won't be doing anything, the app will do it automatically. Validation node has to analyze all of the incoming votes (like the ones submitted during current events) and process it and build a consensus. Because having only one validation node could pave the way for manipulation, at least 3 or more validation nodes have to participate in a given market at the same time. They then share the incoming votes between themselves and evaluate each other for any discrepancies. They then build the consensus when enough similar votes come through and then after the market ends send this outcome back to the developer who initiated the market.

Indeed, validation nodes process the votes and build the consensus we're seeing in events now, much like how it will be later on. Right now we only have three validation nodes on our side that are processing the votes (as a proof of concept), you can how they are chosen exactly 10 minutes before the event starts when the registration period ends.



Q:
so what happens if the 3 validation nodes dont agree? do you reward the 2 and take from the 3rd

A:
Yes, something like that. Exactly what happens is still in the brainstorming phase, but a penalty is certainly in place. It would be a good idea to place something of a "validation dispute mechanism" into play as well, something that's automatic and notifies all participants in a market that validation nodes had trouble coming to an understanding of sorts.




Q:
but the penalty would be passed on to the users provioding data right? since the validation node itself is automated

A:
No, data providers get penalized only for reporting the wrong data as a consensus. While validation is automated for the majority of users, there's no doubt that more tech-savvy users could get around it and implement their own solutions. Therefore having a high enough of a deterrent in place should stop any fraudulent behavior in the marketplace.



Q: Really interested in the hardware tip so as to get ready for it Luka. (ovaj lik pita sta mu treba od hardware za node)

A:
You won't need any specialized hardware to run a validation node, even a smartphone will do in fact. Validation nodes act as temporary masternodes that process the data only for the duration of the market, so you won't have to run them continuously. As long as you have enough tokens in the wallet, you will receive random offers if you're available to process votes in a certain market.




Q:
and how will those fees be calculated?
which factors determine the percentage that a person running a validation node receives?

A:
These fees are set by validation node themselves. When the app launches, you will be able to adjust these settings according to your requirements, but a built-in algorithm will automatically determine the optimal price based on marketplace conditions. The market price will adjust itself based on supply and demand, essentially fluctuating depending on how many markets are being validated in the market at that time. The app just recommends the optimal price to enter the market but you can manually adjust it to enter with more aggressive approach (in case you need instant validation).

3. https://bitcointalk.org/index.php?topic=3398760.msg47148826#msg47148826
Samo lagani update, rekao sam osvrnuti se na onu ludost prošlog tjedna ali to sam napisao dok još nisam znao što se konkretno događa. Kad sam shvatio, svako chartanje je izgubilo smisao i želio sam vidjeti kako će tržište reagirati u idućih nekoliko dana. Sve se vratilo i smirilo unutar rangea u kojem smo već jako dugo, trejdanje unutar njega me ne zanima previše pošto mislim da altovi nude puno bolji i sigurniji R:R u ovom trenutku.

Što se BTC-a tiče, nacrtati ću zone od interesa i to je to. Čekam breakout.

Ovo je range unutar kojeg se krećemo:

 

BTC između 6750 i 6220 me uopće ne zanima, stabilan BTC obično je dobar za altove, posvećen sam tome. Bilo koji breakout me zanima na retestu, zaista ne znam kamo ćemo, malo više naginjem bearish varijanti. Zašto? više o tome u zadnjem chartu.

Više puta sam spominjao kako ne volim trendlinese ali ovaj je nemoguće ignorirati. Na ovom chartu se lijepo vidi koliko je stop losseva iznad njega, novi (ovog puta pravi) breakout tog trendlinea trebao bi značiti sličan rast cijene:

 

Međutim, volumen je trenutno nikakav, svaki breakout na ovakvom volumenu biti će lažan, mislim da se i s ovim prije retesta opasno igrati. Svakako čekajte confirmation da se zaista radi o breakoutu. (confirmation je high timeframe close izvan trendlinea. 4h je najkraći, ja gledam 8h ili čak daily).

E sad - ovaj chart je čista špekulacija i nekako je nacrtan po 'osjećaju'. Naravno da ništa ne znači dok BTC ne odredi daljnji smjer, ali ovo je nešto što mislim da bismo mogli vidjeti i crtam unaprijed da vam ostane negdje u glavi da bi BTC na 4.5k zapravo mogao biti zdrava i dobra stvar.

 

Ovo je hipotetski falling wedge, trend reversal pattern. Treba mu novi bottom koji se idealno slaže s 4600 supportom, nakon kojeg bi bilo realno očekivati nacrtano. Jedini 'problem' u ovom chartu je što za sad ne izgleda realno da ćemo probiti support na 5800-6000$, ali ako do toga dođe ovo je trade koji planiram dodatno analizirati. BTC za sad crta higher lows što je pozitivno, međutim, sve je to još s premalim volumenom i fali onaj 'conviction' da bih te higher lows shvatio kao potvrdu nekakve snage. Iskreno - zaista ne znam kako protumačiti trenutne chartove jer mi daje sve vrste signala, ali ovo gore je ukratko prezentirani plan za sve varijate - ako probijemo trendline, ako izađemo iz rangea i ako probijemo dugoročni, čvrsti support.

Da moram gađati, gađao bih da ćemo još jedno vrijeme ostati unutar rangea.  

 4. https://bitcointalk.org/index.php?topic=5051967.msg46974529#msg46974529
Kao da već nisam naučio lekciju iz bountyja, airdropova i drugih načina zarađivanja besplatnih novčića,   htio bih vam predstaviti novi i uzbudljivi način kako dobiti novčiće, od bezvrijednih do vrijednih.

Što je ParJar?
ParJar je Telegram bot (https://t.me/parjar_bot) koji na podržanim grupama (ParJar: https://t.me/parjar , Parachute; https://t.me/parachutetokengroup, PurpleCoin: https://t.me/purplecoin, 2gether: https://t.me/community2gether, aXpire: https://t.me/AxpireOfficial) podržava opciju da šaljete i primate novčiće pukim slanjem jednostavne poruke.

Kako to funkcionira?
Uglavnom, prvo se napravi integraciji s botom, sa zatim se porukom /tip posalje novcic direktno članu. Primjer bi bio "/ tip 100 PAR". Šalje se tako da se replya na neku njegovu poruku. Kad se želiš iskeširati, moraš platit neki mali gas fee, no ja zasad nisam to radio. Bot ti kaže koliko imaš kojih novčića.

Prilika za zaradu?
ParJar podržava i slanje nekih poznatih novčića. Ne može se poslati baš što god zaželiš jer autori bota moraju dodati podršku. Ovo je popis:
 
Ja sam u zadnjih par dana sve skupa zaradio oko 5 dolara, većinom jer sam dobio 20 BAT tokena, koji su super. Dobio sam i malo ethera, litecoina i bitcoina. Naravno, admini i drugi nevoljko daju kvalitetne stvari. Najlakše se dobije parachute token, koji ne vrijedi baš bogznašto i trguje se samo po decentraliziranim burzama, a promet mu je nepostojeć. Axpire isto nešto vrijedi, upravo je glasanje za njega na jednom siteu, admini su voljni dati nešto malo. Realno, nije ni ovo neki vrh, ali ako vam se visi po Telegramu, što ja ionako radim, mic po mic moglo bi se nešto dobiti. Bar postoji šansa za dobiti dobre tokene, a ne neko smeće.  

5. https://bitcointalk.org/index.php?topic=5046830.msg46684424#msg46684424
Continuing the tradition of project with "NEO"in their name who turn out to be scams (See "NEO finance" at this link: https://bitcointalk.org/index.php?topic=4831804) here we have the following bounty: https://bitcointalk.org/index.php?topic=5046494.0

There are many red flags to this project:

1. Whitepaper that is 7 pages long and very light on information
2. The team has no Linkedin profiles and you cannot find them anywhere
3. It uses the NEO name while having no connection to it whatsoever, instead it is an Ethereum project
4. Claims that it will fork the NEO blockchain to create an ETH token
5. The roadmap covers only the last quarter of 2018
6. The team description on the website switches between the first and third person.
7. The GIThub was created 8 days ago and has nothing on it, the Telegram group listed on the website does not exist, and the Twitter profile informs you upon first view that it is restricted because of suspicious behaviour.

I tried looking up the pictures of the team but was unable to find them anywhere. I would steer clear of this.  

6. https://bitcointalk.org/index.php?topic=5040948.msg46567080#msg46567080
Update:

ista pozicija, nema potrebe da zurim s novim orderima jer se ne desava bas puno ovih dana. Ako danas i sutra ne vidimo neki volume spike, ovo bi mogla biti sedmica sa najnižim volumenom since January. Cijena flertuje s trendlinijom ali izgleda kao da trenutno nema spremnih kupaca - jucer smo vidjeli i neki fakeout koji se ubrzo vratio u trading range,sto je ocekivano s nedostatkom ''interesovanja''.


Dnevna doza optimizma:
Fan principle - u šuštini kaze da nakon duugorocnog vrha i sljedeceg retracementa spojis prvobitni vrh sa sljedeca 3 lokalna vrha, uobicajno dobijes trendlinije koje se tek naknadno savladaju i vecinom retestiraju. Kupujes break trece trendlinije ili njen re-test, jer to često signalizira pocetak dugorocnog penjanja cijene.

Primjer:
 


Bitcoin bear market 2013-2015:
 
 (u pravouglovima su retestovi prethodne trendlinije, u ovom slucaju jako precizni)

Bitcoin 2018:
 

Quote from: sbogovac on October 05, 2018, 02:20:13 PM
Quote from: BTCHadzija on October 05, 2018, 09:41:23 AM
Quote from: sbogovac on October 05, 2018, 09:09:33 AM
Quote from: BTCHadzija on October 04, 2018, 08:27:53 PM
[...] Kako su me popustile real-life obaveze, malo vise citam. [...]

Si vec procitao: 'Technical Analysis, The Complete Resource for Financial Market Technicians' od Kirkpatrick et al

nisam, ali evo skinuo sam je, poslije ove knjige od Tharp-a koja je za sad 10/10 odlicna, mislio sam preci na neku s ove liste:

[img]

jesi li ti citao tu? Da je ubacim preko reda?

Ta se gleda kao "seminal work" i koristi za predavanje na fakultetu. Pregeldaj sadrzaj, prelistaj pa sam odluci...

Ostavicu je za posljie, po sadrzaju je slicna Murphy-evoj ''Technical Analysis of the Financial Markets'' a nju sam nedavno apsolvirao

Hvala na preporuci, zbog ovakvih stvari sam i odlucio na forumu pisati log  

 7. https://bitcointalk.org/index.php?topic=3398760.msg46389843#msg46389843
Uopće ne znam čemu ova analiza ali prošlo je već 10ak dana nepomičnog Bitcoina pa ajde da barem nešto nacrtam..

Weekly je dosadan za poludit. Imamo higher lows što je dobar znak, ali praktički se nije pomaklo u odnosu na prošli tjedan. Neću ga niti stavljati na chart.

U posljednje vrijeme bio sam dosta bearish što se BTC-a tiče, mislim da je trenutna situacija ipak mrvicu pozitivnija - iako smo tek na putu prema planini - nismo se još ni počeli penjati.
Krenimo od daily charta:

 

Označeni su posljednji lows&highs. Vidljivo je da radimo higher lows (bullish) i lower highs (bearish). Iz toga je jasno da će BTC ubrzo probiti jedan od tih trendova, ili radeći higher high (bullish) ili radeći lower low (bearish).
Kratkoročno i u ovoj situaciji prednost dajem bullish scenariju, imamo i neke elemente tehničke analize koji podržavaju takav stav.

4h timeframe pokazuje naznaku mogućeg (priznajem, mrvicu 'navučenog' ascending trianglea (bullish), kao i 2 testa jakog resistancea zone 6750.

 

Postoji, doduše, i minimalan bearish znak na istom timeframeu, zadnji high ima kraći wick od predzadnjeg, iako je close ipak nešto viši.

 

U svakom slučaju, kratkoročno se nadam vidjeti probijanje tog resistancea i nadam se ući na retestu. Do tada sam definitivno izvan svih tradeova, pošto higher low/lower high formacija stvara symmetrical triangle koji je trend continuation pattern, što je u ovom slučaju bearish.  

 8. https://bitcointalk.org/index.php?topic=5033244.msg45924764#msg45924764
Culi ste cesto da se spominju kada neko prica o tome kada, kako i gdje ce kupiti odredjene kriptose (ili druge vrijednosne papire ili sta vec)

Da li su to samo izmisljene linije na grafu i da li imaju ikakvog smisla ako zaboravimo na crtanje, grafove i slicno?

Odgovor leži u tome da je pokretačka sila iza S i R levela ustvari humana psihologija, i da je tu logiku (naknadno nazvano teorijom) uspjesno adaptirao Charles Dow, nekad tokom pretprošlog stoljeca, prije nego sto su postojale svijece, indikatori ili trading botovi.


Naletio sam na odlicno objasnjenje u knjizi ''Technical Analysis of the Financial Markets by John Murphy'' pa umjesto da prevodim i pravim se pametan, kopirat cu vam isjecak:


 https://imgur.com/xJ4IfnP

 https://imgur.com/6uBFueU

 https://imgur.com/Et3qnwh

 https://imgur.com/0oaCCu3


Nadam se da ce vam pomoci da vam kretanje trzišta inace postane malo jasnije  

 9. https://bitcointalk.org/index.php?topic=5027203.msg45570327#msg45570327


Activity: 462
Merit: 307
 

Look ARROUND!


  

Ignore
    Importance of Token Velocity
September 12, 2018, 08:42:31 AM
Merited by Daniel91 (1)
  +Merit  #1

________________________________________
I have recently been introduced to the concept of token velocity. It is one of those logical things that make you say: "How I didn't think of it on my own?". Just wanted to trow the idea out there and make you aware of this "problem" since I couldn't find any mention of it here on the forum.

Without going deep into definitions or mathematical formulas, token velocity is the speed by which tokens pass trough the system.

There is great example of this made by youtuber Tom from Crypto Gurus: direct link to the video. Watch the video it will explain token velocity to you much better that I can in this post. There are even few more detailed/advanced videos by the same author but this one I linked should be more than enough to get you thinking.

In short the example used is for some taxi like project where people use tokens to pay for the ride but driver cashes them out immediately after the ride. This results with high token velocity and low demand for the tokens. Same tokens can be used over and over again, there is no incentive to hold them for longer time and thus create a demand. There will always be excess supply of the tokens which will reflect badly on the price.

This is very important to take in the consideration when investing in ICO's or buying tokens on exchanges. People often forget that buying tokens is not the same as buying stocks. With tokens you don't get part of the profits from underlying corporation/entity. It is very well possible that project is successful and tokens are almost worthless because of high token velocity.

At the moment I still believe that most of the investors are unaware of token velocity importance but they will became more aware as crypto currencies markets mature and more institutional investors come into the mix. Maybe this short post will save some of you some money down the road. If so .... mission accomplished.

   

 10. https://bitcointalk.org/index.php?topic=428589.msg42814182#msg42814182
SCAM ALERT

I have just received this scam mail
I am copy-pasting in the "code" below the whole text

the link is redirecting on ethereum (dot) com, not .org, and from there on a MEW that is a scam

dear community, EYES OPEN

 
https://i.imgur.com/W6XRLx0.png
Code:
Hybrid PoW/PoS on Ethereum - Register your address and start staking Ether.
 
After many debates and EIPs, Ethereum's Vitalik Buterin and Vlad Zamfir have finally proposed a transition to Proof-of-Stake algorithm, which will be self-sustained after August 15th, 2018.

During the transition period, Ethereum will run on a hybrid PoW/PoS algorithm, allowing both miners and stakers to validate transactions and earn Ether. After August 15th, PoW will no longer be sustained and all blocks will be generated by the PoS mechanism.
As the PoS mechanism is still in transition mode, staking is reserved for registered addresses, until further development and release of GUI wallets (Q3 2018).

In cooperation with MyEtherWallet - the open source web wallet for the Ethereum blockchain, we are able to allow Ether holders to stake their ETH and earn dividends on a weekly basis. Weighted Ether can be staked for up to 10% ROI, until further implementations on the PoS algorithm.
Start Staking Ether


Copyright © 2018 Ethereum Foundation (Stiftung Ethereum), Zug, Switzerland. All Rights Res  

[Don Pedro Dinero]

Hi, it is better to use quotes. I was told that when I applied and I followed the advice, otherwise it looks too messy. Also, could you throw a couple of lines explaining why you think they deserve (more) merit? I'm especially curious about the bounty one, and the ones in your language people won't understand.

[coinlocket$]

2. https://bitcointalk.org/index.php?topic=5055492.msg47171841#msg47171841

Telegram Bounty | Telegram Community | Telegram | Twitter | Facebook | Medium | Linkedin | Reddit

Good luck for your application, but don't you think a bounty should not be on your list for "deserve more merits"?

[marlboroza]

Second post is bounty thread and last one is blatant plagiarism (source: https://www.quora.com/What-are-the-best-altcoins-to-invest-in-2019).

You are 2 posts short  

[Daniel91]

Second post is bounty thread and last one is blatant plagiarism (source: https://www.quora.com/What-are-the-best-altcoins-to-invest-in-2019).

You are 2 posts short  

OK, here are 2 more posts.
I hope it's fine now.
If needed, I can add more posts.
Please let me know.

https://bitcointalk.org/index.php?topic=4056588.msg43051050#msg43051050
Ako kome pomogne, mislim da je ovo najbitnije - mada nista groundbreaking...one prave informacije nam tek dolaze nakon token generation eventa:



Q:
When is the wallet supposed to come out so we can run nodes?
And why are the rewards for demo events going down? There's still a lot to be distributed in demo events right?

A:
Mobile client will be launched on the main net somewhere in Q4, exact timetable will be released somewhere after TGE.



Q:
to run a consensus node, does it pay out more to have above said requirement, like if you had 113000 compared to 13,000 tokens.. would there be any staking advantage in the size, could you give any specifics about consensus nodes or is there an article about the payouts and how it works?

A:
Validation nodes initially weren't planned to be tiered, but once recruitment phase ends and development and brainstorming phase kicks in, expect much more announcements from a developer's perspective. Of course running more nodes means higher returns, but not because of a higher level or score of a validation node per se. The amount will be fixed relative to the tokens in circulation, so the more tokens you have the more validation nodes you will be able to run (concurrently, if chosen). Essentially, validation nodes act as just-in-time masternodes. They are only active during the specific time frame the market is online. As more data is being validated and the platform adopted, developers will buy EVT to reward users who report data and as more of them do, the prices (and fees) will rise accordingly.
We are still preparing the article for validation nodes, but if you have any specific questions to ask just shoot. Are you interested about the hardware required, how they're projected to run or how they're chosen from the pool?  



Q:
so youre saying itll be easy to have 5-8 validation nodes?
what type of interaction would it require to be a validation node?
im trying to wrap my mind around this and struggling a bit, i guess the worst masternode is throwing me lol
i guess hardware required would be one, am i penalized for it being down is two (but youre saying it doesnt have to be up all the time so i guess thats a no)

A:
If you have enough tokens, sure. But setting them up and running them isn't the same. Once you have enough tokens you will have to stake them (essentially just proving that you have them). Once a developer creates a market, a few validation nodes (number varies per his request) are chosen at random (reputation and network statistics come in to play as well, to a degree). This means that the chance all of your validation nodes will be running simultaneously is quite low. If you are chosen, you will have a certain amount of time before the market starts to accept this task before it is delegated to another node. If you accept, these tokens are then locked for the duration of the market (voting process + dispute time, if required). If your node comes to the same conclusion as the rest of the nodes, the tokens are released back to you. If you try to manipulate the consensus outcome, the tokens are sent to the common pool from which participants doing certain actions are rewarded.
Once the app is released and the functionality implemented, all settings will be available for you to adjust manually. But because understanding and knowing current market statistics can be time consuming and too much of a hassle, a built-in algorithm will automatically calculate the optimal settings for you, you will just need to set it up initially. You won't need any specialized hardware for that matter, any new smartphone will be able to run it.


Q:
okay so what would "going against the consensus" look like.. like what would i be validating? im getting a disconnect there, can you give an example of 3-2=1 or something simple
im following so far, that a few random nodes will be selected, and im assuming the nodes themselves need to come to a conesus

A:
You personally won't be doing anything, the app will do it automatically. Validation node has to analyze all of the incoming votes (like the ones submitted during current events) and process it and build a consensus. Because having only one validation node could pave the way for manipulation, at least 3 or more validation nodes have to participate in a given market at the same time. They then share the incoming votes between themselves and evaluate each other for any discrepancies. They then build the consensus when enough similar votes come through and then after the market ends send this outcome back to the developer who initiated the market.

Indeed, validation nodes process the votes and build the consensus we're seeing in events now, much like how it will be later on. Right now we only have three validation nodes on our side that are processing the votes (as a proof of concept), you can how they are chosen exactly 10 minutes before the event starts when the registration period ends.



Q:
so what happens if the 3 validation nodes dont agree? do you reward the 2 and take from the 3rd

A:
Yes, something like that. Exactly what happens is still in the brainstorming phase, but a penalty is certainly in place. It would be a good idea to place something of a "validation dispute mechanism" into play as well, something that's automatic and notifies all participants in a market that validation nodes had trouble coming to an understanding of sorts.




Q:
but the penalty would be passed on to the users provioding data right? since the validation node itself is automated

A:
No, data providers get penalized only for reporting the wrong data as a consensus. While validation is automated for the majority of users, there's no doubt that more tech-savvy users could get around it and implement their own solutions. Therefore having a high enough of a deterrent in place should stop any fraudulent behavior in the marketplace.



Q: Really interested in the hardware tip so as to get ready for it Luka. (ovaj lik pita sta mu treba od hardware za node)

A:
You won't need any specialized hardware to run a validation node, even a smartphone will do in fact. Validation nodes act as temporary masternodes that process the data only for the duration of the market, so you won't have to run them continuously. As long as you have enough tokens in the wallet, you will receive random offers if you're available to process votes in a certain market.




Q:
and how will those fees be calculated?
which factors determine the percentage that a person running a validation node receives?

A:
These fees are set by validation node themselves. When the app launches, you will be able to adjust these settings according to your requirements, but a built-in algorithm will automatically determine the optimal price based on marketplace conditions. The market price will adjust itself based on supply and demand, essentially fluctuating depending on how many markets are being validated in the market at that time. The app just recommends the optimal price to enter the market but you can manually adjust it to enter with more aggressive approach (in case you need instant validation).

 https://bitcointalk.org/index.php?topic=428589.msg42814182#msg42814182
SCAM ALERT

I have just received this scam mail
I am copy-pasting in the "code" below the whole text

the link is redirecting on ethereum (dot) com, not .org, and from there on a MEW that is a scam

dear community, EYES OPEN

 
https://i.imgur.com/W6XRLx0.png
Code:
Hybrid PoW/PoS on Ethereum - Register your address and start staking Ether.
 
After many debates and EIPs, Ethereum's Vitalik Buterin and Vlad Zamfir have finally proposed a transition to Proof-of-Stake algorithm, which will be self-sustained after August 15th, 2018.

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Copyright © 2018 Ethereum Foundation (Stiftung Ethereum), Zug, Switzerland. All Rights Res

[S_Therapist]

Good luck for your application, but don't you think a bounty should not be on your list for "deserve more merits"?

If ANN thread can receive lots of merit, why not bounty threads 
DeepOnion ANN
Viacoin
BYTEBALL
HoweyCoin----Deserve to be merited
And more here- Most merited topics (SUM of OP + posts) (Fixed!)


@OP, good luck with your application. I think you should remove the 2nd post, although it depends on you.

[Daniel91]

Good luck for your application, but don't you think a bounty should not be on your list for "deserve more merits"?

If ANN thread can receive lots of merit, why not bounty threads 
DeepOnion ANN
Viacoin
BYTEBALL
HoweyCoin----Deserve to be merited
And more here- Most merited topics (SUM of OP + posts) (Fixed!)


@OP, good luck with your application. I think you should remove the 2nd post, although it depends on you.

OK thank you for your suggestion.
I just removed second post and replaced with other post.
Sorry, my mistake guys.

[Daniel91]

Second post is bounty thread and last one is blatant plagiarism (source: https://www.quora.com/What-are-the-best-altcoins-to-invest-in-2019).

You are 2 posts short  

OK, according to your suggestion, I replaced also last post with new one.
I hope now is ok.
If anything else please let me know.

[The Sceptical Chymist]

I don't know exactly what Theymos has for criteria as far as merit source selection goes, but I'm assuming negative trust from a DT member doesn't factor into it?  I can't think of all the known merit sources I'm aware of and whether they're generally trusted.  I'm only bringing this up because Daniel91 has a neg from iluvbitcoins.

But I'll tell ya, I fully support more merit sources who tend to frequent the local boards--I think some very well-though out posts might not have earned merit because they were written by people not expressing their ideas in their native tongue.  Not that my opinion matters here or that it comes down to a community vote anyway, but I'd be cool with giving this guy (Daniel91) a shot.

On the other hand, after Theymos added those 36 new merit sources in September, I'm not sure if he's looking at new applications right now--but it's better to create the application thread and post it.  Whether Theymos sees it/considers it or not, you can always bump it in the future. 

Good luck to you, bro.

[slackovic]

I just wanna say that Daniel91 is doing great job in giving Merits for the local Croatian community. I don't read other local borads (because I speak only Croatian and English), but the Croatian local board is full of very good posts that would never get Merit if it weren't for Daniel91.

Unfortunately, the number of his sMerits is running low and he won't be able to Meirt posts in Croatian language. I really hope he will become a Merit sourcer because our community really needs it.

[Dzeronimo]

I would like to emphasize one think that Daniel91 mentioned in the first post. Part of the title of the topic he started in the local board is "...merits for quality posts". And he really mean it. I believe he did a great job and deserves to become a Merit source.

[cryptofrka]

Hi, I'm from local board as well. My English is decent but I prefer local boards and have found my place within this one.

We are not an especially large community but I feel the quality of posts there is really good. Daniel91 has helped many new members settle in and get their first merits (for quality posts, I must add), and it feels good to be rewarded for writing quality content. I know he deserves the role, I just hope the person deciding will think that as well. It is really hard to progress on local boards without merit sources and Daniel91 is a prime example of how a merit source should behave.

[The Cryptovator]

,but I'm assuming negative trust from a DT member doesn't factor into it?  I can't think of all the known merit sources I'm aware of and whether they're generally trusted.

I don't think there is any red trusted merit source, I am not sure because we don't know all the merit source. Correct me if I am wrong. As far as I know previous applicant wasn't with red tag those application approved. After be a merit source if someone get red tag that's different case. But form begain of application if someone have red tag, I believe it will prevent him from become merit source. OP should convince iluvbitcoins to remove red tag. I don't think theymos going to consider it if applicant's is untrusted by default trust. It's just my opinion, who know about admin mind.


However I always welcome new merit source  application, so same for OP also. Best of luck with your application.

[ovcijisir]

,but I'm assuming negative trust from a DT member doesn't factor into it?  I can't think of all the known merit sources I'm aware of and whether they're generally trusted.

I don't think there is any red trusted merit source, I am not sure because we don't know all the merit source.
~

I don't think there is any public list of merit sources, and maybe it is better so to avoid unnecessary pressure to them.

As far as Daniel91 application goes I support him because in 1 year now of me being member of this forum, Daniel91 was nothing but helpful specially to new users.

He also had very popular topic on local section "Merit for quality posts" where he merited high quality articles until he spent all his merit.

That being said I fully support his application to be merit source.

[slocker]

Believe that we need him with high words. I also believe that local community need one good and quality merit sourcer that can be good for community. He made very good contributions to must say Balkan community cuz there are not just Croatian native language speakers but as well as all former republic. Whit this all together please consider this cuz it can be very good for not just local community section but as well all all othes where merit is most given.

Hopefully his apply will pass and he will become merit sources and maybe we will have after that another user who will aply to be merit sourcer.

[Daniel91]

Thank you very much guys!
I'm overwhelmed with your support here, inspiration and encouragement.
I promise you that I will continue to support you on this forum, in any possible way.
I will always use my merits to support good quality posts in non English languages, because such forum members are often invisible for English speaking members here and have difficulties to get deserved award for their contribution on the forum.
Since I almost spend all my merits as legendary member, only way to continue my mission is to become merit source.

Regarding negative trust from iluvbitcoins, I can say following:
It's a pure act of revenge and nothing else.
1. We participated together in one common business project which failed. It's long story but basically all investors lost money there, including me.
2. It happened 3-4 years ago.
3. Company also dissolved 2 years ago.
3. No connection with bitcoin.
4. We never finished project so we never used any script in public.
4. No trading of any kind.
5. No connection with any activity on this forum or crypto.


Obviously, it's nothing I can do it about it.
Some people on the forum suggested me to start a thread about it but I feel it will be useless and just waste of my time and energy.
I will rather focus my time to help and support others, as much as I can.
I was just naive in the beginning and shared with this person that I will open account on this forum (and my nickname) so because of this he know my real name.
I could simple close this btc account and start new one but felt that in such way I will confess some kind of guilt and allow the injustice to win what I did not want.
It's all I can say about this subject.

[iluvbitcoins]

Regarding negative trust from iluvbitcoins, I can say following:
It's a pure act of revenge and nothing else.
1. We participated together in one common business project which failed. It's long story but basically all investors lost money there, including me.
2. It happened 3-4 years ago.
3. Company also dissolved 2 years ago.
3. No connection with bitcoin.
4. We never finished project so we never used any script in public.
4. No trading of any kind.
5. No connection with any activity on this forum or crypto.


Obviously, it's nothing I can do it about it.
Some people on the forum suggested me to start a thread about it but I feel it will be useless and just waste of my time and energy.
I will rather focus my time to help and support others, as much as I can.
I was just naive in the beginning and shared with this person that I will open account on this forum (and my nickname) so because of this he know my real name.
I could simple close this btc account and start new one but felt that in such way I will confess some kind of guilt and allow the injustice to win what I did not want.
It's all I can say about this subject.

We paid for a script (1000$), after 4 of us weren't happy with where the company was going and wanted changes, Daniel91 together with 5 other investors dissolved the company (50%+1 votes [6/10]).

After the dissolvment they formed a new company and wanted to use the script we paid for.

Although this was pushed by another person, Daniel91 was a very intense advocate of his actions and supported them throughoutly.

Although the website never came to fruition, the intention was to use the same script that was purchased with the money of other investors.

And also, you weren't 'naive' to tell me your account name because I told you about bitcointalk and then you signed up  

I could write a lot more about this, but since it's off-topic, I'll just leave it at this.

[Daniel91]

Everything I wanted to say about this subject is here: https://bitcointalk.org/index.php?topic=2833560.0
So, nothing more to say really.
I don't think anybody is interesting in this any more, it's old, ancient history now, without any connection with activity on this forum or crypto.
Any way, I'm still grateful to you that you introduced me to the bitcoin and this forum.
We had great fun together and shared a lot things.
At that time we had dreams how to change the world and our lives.
Because of your hot temper you had a lot problems with other co owners in our business project, specially the creator
I tried to protect you as much as I could.
I'm sorry that our business didn't succeed but it's life.
I wish you well in your life and still hope that once we will enjoy pizza at bosso
I forgive you everything. 

[The Sceptical Chymist]

I don't think there is any red trusted merit source, I am not sure because we don't know all the merit source. Correct me if I am wrong.

No, I don't think all the merit sources are known, but many have been "outed" based on the math of their merit-giving history.  There's a thread in Meta (I just searched for it and couldn't find it, as I forgot the title) where many merit sources were identified--and I know who some of them are and the ones I'm aware of don't have red trust from DT members. 

Then again, I have a custom trust list so it's kind of hard for me to say that with certainty since I don't even know who's on DT anymore.  I only became aware of iluvbitcoins getting on DT because someone made me aware of my own trust getting a color change due to the neg he left on me--which has since been amicably resolved, I might add.

<snip>

Glad you chimed in on this and explained your side of the story.  It doesn't sound like Daniel91 is some sort of serial scammer, though the question is whether Theymos would consider the stain on his bitcointalk reputation as grounds for denying his merit source application.  In this case, I tend to think it would be worth giving him a shot at being a merit source especially since he can merit some local board posts.  The great thing about the merit system is that it's all public, so if any shenanigans take place, it's caught pretty quickly.

[S_Therapist]

There's a thread in Meta (I just searched for it and couldn't find it, as I forgot the title) where many merit sources were identified

I think you are looking for [TOP-200] The most generous users giving merits
From this list, TMAN is the only merit source with negative trust from DT. Some others negative tagged members are also there but OP didn't confirm those user as merit source.