Importance Of Merit Sources || Why do we need merit Source?

[naim027]

Hi guys, Recently I found myself on the Top 1000 merit earners. And I am a bit surprised that a Full Member Ranked member in the Top 1000 Merit earners.
I visit Bpip.Org for some Purposed and I was digging a few things. And I found something interesting and I realized why actually do we need merit sources.

I visited a few profiles from Most earned merit (after initial merit) list. There is a list of

The top 1000 most earned merit. reports are calculated using any merit given after the creation of the merit system.

I found a few Profiles who usually don't send merits to others for some reason. Some of them either forget how to send Merit or believe In HoDling sMerit.
I know some exceptions are always generous about merits.

You will find this thread useful: [TOP-200] The most generous users giving merits

I would like to request Coin-1 to make a List of Most sMerit HoDler. (kidding)

If we do not have any merit sources, There could be a Merit Crisis  
Anyways, here are some screenshots of Merit Hodlers. I am not going to reveal their username since all of them are from Top 1000 Merit earners and almost all of them are good reputed.

Note: I might get a personal attack for creating this thread. I apologize for this one 

[BlackHatCoiner]

And here he comes again, Satoshi, number one, with 1,652 sMerits.    (And a shit load of bitcoins)

If we do not have any merit sources, There could be a Merit Crisis

Nope, because there wouldn't be any merits at all. And as a merit source, I strongly agree to have merit sources!  


Seriously now, what does the title have to do with the content of your post? You just speak of the merit “HoDLers”.

[naim027]

And here he comes again, Satoshi, number one, with 1,652 sMerits.    (And a shit load of bitcoins)

I don't count him since he is inactive. I listed only Active members.

Seriously now, what does the title have to do with the content of your post? You just speak of the merit “HoDLers”.

Yeah, Merit HoDLers is the reason. That's why we need merit Sources 

[hosseinimr93]

Yeah, Merit HoDLers is the reason. That's why we need merit Sources

Not only that.
In the case we don't have any merit source, we would still face lack of merit even if all users spend all their smerit.
Without merit sources, as users get 0.5 smerit for any merit they earn, the total number of merit that are in circulation would gradually decrease to zero.

[naim027]

Yeah, Merit HoDLers is the reason. That's why we need merit Sources

Not only that.
In the case we don't have any merit source, we would still face lack of merit even if all users spend all their smerit.
Without merit sources, as users get 0.5 smerit for any merit they earn, the total number of merit that are in circulation would gradually decrease to zero.

Right. But, As far I know we have 111 Merit sources only. it's been a long time since theymos didn't add any new merit sources.

[_BlackStar]

There are 111 merit source currently distributing merit to users who can post something constructive, informative and quality on the forum. Some are active on local board while others are active on various board in this forum.

I found that some merit source application have been submitted such as AakZaki, Charles-tim and skarais which I met on the meta board but I don't know if those application have been considered or not. But I will still support anyone who want to contribute to community, especially when they apply to be a merit source. I don't know if there is an urgent need to add some other merit source on local and global board, but adding a merit source would certainly be better for the now larger community.

[hosseinimr93]

Right. But, As far I know we have 111 Merit sources only.

There are 111 merit sources with a total merit generation of up to 34139 sMerit per 30 days. [Ref.]
I think that's enough.

it's been a long time since theymos didn't add any new merit sources.

The last time theymos appointed new merit sources was July 5.
Number of merit sources increased from 97 to 111 and total number of source merits generated per 30 days increased from 21171 to 34139.

[OgNasty]

If we do not have any merit sources, There could be a Merit Crisis  

THE HORROR!  NOT A MERIT CRISIS!

I propose we increase the total number of Bitcoin from 21 million to 30 million and use the 9 million new BTC to make sure Bitcoiners are prepared to face this Merit Crisis.  I suggest implementing a new merit distribution program without merit sources, where everyone gets the same amount of merit every week regardless of their contribution.  In fact, we should even make it so people can't send merits to each other, and only get their allotted merits directly from bitcointalk.  That way we can ensure everyone gets their merits and there is no crisis.  God forbid a life without a steady stream of merit for everyone.  We must defend against this at all costs.

/sarcasm

[Charles-Tim]

I found that some merit source application have been submitted such as AakZaki, Charles-tim and skarais which I met on the meta board but I don't know if those application have been considered or not.

I do not know about AakZaki and the time he applied, but I know of crwth, skarais and myself. Before the three of us applied, total merit sources were 111, while still 111 till today. No one among the three has been accepted.

I propose we increase the total number of Bitcoin from 21 million to 30 million and use the 9 million new BTC to make sure Bitcoiners are prepared to face this Merit Crisis.

Bitcoin is completely decentralized. This might lead to another hardfork, I believe bitcoin community is trying their best to move forward without further hardfork. Just my opinion. People would go for stable or reduced supply rather than increase supply.

I suggest implementing a new merit distribution program without merit sources, where everyone gets the same amount of merit every week regardless of their contribution.

To make it more decentralized. But hope this won't lead to low quality posts? Edit: it would in my opinion.

[_BlackStar]

I do not know about AakZaki and the time he applied, but I know of crwth, skarais and myself. Before the three of us applied, total merit sources were 111, while still 111 till today. No one among the three has been accepted.

I came across the merit source app from AakZaki when I started checking the first 10-15 page of meta a while ago before I created a thread. So I also don't know whether the application is accepted or not before I know that the number of merit source is still 111 users until now.

Regarding merit application, I think theymos as admin must have their reason for not responding to it and considering it too. So, it is reasonable to expect some added users to be a merit source as the number of forum users increases. Previously I have supported your application as well, so I hope that you can also be added to the next merit resource by theymos.

[kawetsriyanto]

I found a few Profiles who usually don't send merits to others for some reason. Some of them either forget how to send Merit or believe In HoDling sMerit.

Are those merit holders still active and regularly log in to this forum? If they are no longer active, we can understand why they didn't send their sMerit.
But for those merit holders who are still active in this forum, it is very unfortunate to know they don't care about spending their sMerit. Well, they may think they have no obligation to send their sMerit, but what's the purpose of holding it? No worth of holding sMerit, it is not BTC.   

If we do not have any merit sources, There could be a Merit Crisis  

Not sure to say we will have a merit crisis without merit sources. There are still many generous members who regularly spend their sMerit although they are not a merit source. But I can agree if merit sources have a big role to spread sMerit. Without them, sMerit can be very limited and possibly lead to a crisis if the awareness of spending merit among members be worsen.

[KingsDen]

If we do not have any merit sources, There could be a Merit Crisis  

THE HORROR!  NOT A MERIT CRISIS!

I propose we increase the total number of Bitcoin from 21 million to 30 million and use the 9 million new BTC to make sure Bitcoiners are prepared to face this Merit Crisis.  I suggest implementing a new merit distribution program without merit sources, where everyone gets the same amount of merit every week regardless of their contribution.  In fact, we should even make it so people can't send merits to each other, and only get their allotted merits directly from bitcointalk.  That way we can ensure everyone gets their merits and there is no crisis.  God forbid a life without a steady stream of merit for everyone.  We must defend against this at all costs.

/sarcasm

I didn't believe I had to laugh out so loud at this reply. @Ognasty you made my day.
The looming merit crisis is so frightening. When it happens, even @Theymos himself will run out of smerit. We need special intervention of God to evade this pending merit crisis.
The subject is different from what is discussed on the body of the post. And what the users are discussing is quite different from the body of the post and the subject.
You identified an already identified problem, which is merit holding.
Instead of you to profer solution, there was a digress to merit source application.
Are you suggesting that the solution to merit holding is making everyone a merit source?
If no, make a clearer recommendations.

Edit:

I propose we increase the total number of Bitcoin from 21 million to 30 million and use the 9 million new BTC to make sure Bitcoiners are prepared to face this Merit Crisis.

Bitcoin is completely decentralized. This might lead to another hardfork, I believe bitcoin community is trying their best to move forward without further hardfork. Just my opinion. People would go for stable or reduced supply rather than increase supply.

@Charles-Tim, Ognasty is just being sarcastic. So your replies to him is killing the vibe

[The Sceptical Chymist]

I listed only Active members.

Yeah, and it was inevitable that what you listed would happen.  Not everyone here cares about the merit system, and I doubt Theymos expected everyone was going to.  So yeah, merit sources are a necessity to keep the whole machine greased and operating smoothly--and obviously Theymos was very forward-looking in having members volunteer to be sources.

I've got no problem with those so-called merit hodlers.  Everyone's got their own opinion of the system and no one is required to participate in it, so I wouldn't be quick to lay a guilt trip on them.  Just my opinion.

[Shamm]

Right. But, As far I know we have 111 Merit sources only. it's been a long time since theymos didn't add any new merit sources.

Yes, we have 111 merit sources but not all active givers because of some reason. If theymos add some merit source I think must be better if he adds in other local boards who suffering to get merit.
Cause many local boards only have a few or worst 1 merit source. But in overall there's still generous giver in the global section all we need to do is report unmerited post/thread so that some active merit source take an action.

[PrimeNumber7]

I listed only Active members.

Yeah, and it was inevitable that what you listed would happen.  Not everyone here cares about the merit system, and I doubt Theymos expected everyone was going to.  So yeah, merit sources are a necessity to keep the whole machine greased and operating smoothly--and obviously Theymos was very forward-looking in having members volunteer to be sources.

I've got no problem with those so-called merit hodlers.  Everyone's got their own opinion of the system and no one is required to participate in it, so I wouldn't be quick to lay a guilt trip on them.  Just my opinion.

Even if everyone spent all their sMerit, the merit system would eventually run out of sMerit. Without merit sources, the total amount of merit that could be sent would be appropriately (but under) the amount of merit that was air dropped.

Obviously, not everyone will care about anything, but I think the response to implementing the merit system was very strong. I think a lot of farmers pushback on the merit system pretty strongly (they also tried to use their air dropped sMerit to their advantage, often without success).

[suchmoon]

But for those merit holders who are still active in this forum, it is very unfortunate to know they don't care about spending their sMerit. Well, they may think they have no obligation to send their sMerit, but what's the purpose of holding it? No worth of holding sMerit, it is not BTC.   

Ordinary users (not merit sources) don't have an obligation to send those sMerits so there is nothing wrong with those users who don't. Maybe they don't have the time or just don't care about the merit system.

I've got no problem with those so-called merit hodlers.  Everyone's got their own opinion of the system and no one is required to participate in it, so I wouldn't be quick to lay a guilt trip on them.  Just my opinion.

Zaktly.

This is a discussion forum. All those extra trinkets like merits etc are great for those who care but I'd take one contributing non-spamming merit-hoarding member over 3000000 account-farming merit-hunting spammers any day.

[naim027]

There are 111 merit sources with a total merit generation of up to 34139 sMerit per 30 days. [Ref.]
I think that's enough. The last time theymos appointed new merit sources was July 5.
Number of merit sources increased from 97 to 111 and total number of source merits generated per 30 days increased from 21171 to 34139.

Thanks for the info. I was not aware of it.

I found a few Profiles who usually don't send merits to others for some reason. Some of them either forget how to send Merit or believe In HoDling sMerit.

Are those merit holders still active and regularly log in to this forum? If they are no longer active, we can understand why they didn't send their sMerit.
But for those merit holders who are still active in this forum, it is very unfortunate to know they don't care about spending their sMerit. Well, they may think they have no obligation to send their sMerit, but what's the purpose of holding it? No worth of holding sMerit, it is not BTC.    

Yes. They are active on the forum. But They keep HoDLing Their sMerit. Maybe they think Merit total Supply will be finished in near future. After that s-Merit will be rare and they will sell them.

Not sure to say we will have a merit crisis without merit sources. There are still many generous members who regularly spend their sMerit although they are not a merit source. But I can agree if merit sources have a big role to spread sMerit. Without them, sMerit can be very limited and possibly lead to a crisis if the awareness of spending merit among members be worsen.

Even all member spends their s-Merit, There will be a merit crisis after a certain time if theymos remove merit sources. Because you get 0.5 sMerit for 1 merit.

I listed only Active members.

I've got no problem with those so-called merit hodlers.  Everyone's got their own opinion of the system and no one is required to participate in it, so I wouldn't be quick to lay a guilt trip on them.  Just my opinion.

Since everyone has their freedom about merit. We cannot blame anyone for that. I just shared this to show the importance of merit sources.

Right. But, As far I know we have 111 Merit sources only. it's been a long time since theymos didn't add any new merit sources.

Yes, we have 111 merit sources but not all active givers because of some reason. If theymos add some merit source I think must be better if he adds in other local boards who suffering to get merit.
Cause many local boards only have a few or worst 1 merit source. But in overall there's still generous giver in the global section all we need to do is report unmerited post/thread so that some active merit source take an action.

I am not sure if all of them are active or not. But Bitcointalk is a large community. Even if all of them are active, I doubt maybe they cannot cover the whole community. I don't know about others, But I am upset about my local thread. There are a lot of Potential good members. I know A few Local boards and thread has Dedicated Merit Sources. But we do not have any merit source for our local thread. There is a Pending Merit Source Application by @BitcoinDream. I would like to quote one of my Post From there for everyone;

BUMP, All the way up.

We were expecting a dedicated local board. An application has been pending for a while. We Bangladeshis are still limited to one thread. We have no local board. Some countries do not have local boards. There is only one reason. High-rank members are not active in this thread. The thread creator created it as self-moderated, and he himself is not active. As a result, even though there is a low-quality post (One Line Post), there is no one to watch. There are only 2-3 active brothers, of which Little_Mouse & Review Master brothers are the most active in this thread. The local board application has been pending for a while now but is not being approved. Just because most of the high-ranked members don't contribute there. Here are a few reasons,

If you visit the Local board often, You will see a lot of Questions raised by newbies. They ask a lot of things about bitcoin but the reality is most of the member doesn't reply to them just because they are newbies. This is true that when you will give a lot of effort to writing a good post and only newbies read that, You won't get merited. I think this is the only reason why newbies don't get their questions answer. If your board has few High-rank members, Then the case is a bit different. If you write a good post on the local board, Your Other good ranked local board mate will appreciate your post. But, If there are only a few people. Your post won't be appreciated. This is the reason why people don't contribute to their local board. I think Our Merit source Members should visit Local boards more Often and take a look.


Look like we are not going to get a Merit source in near future.  
Look like a bunch of Merit sources are already engaged on this thread. I am seeking attention from Our Respectable Merit sources @LoyceV, @The Pharmacist, @suchmoon, @Royce777. I am here to share a few stats

Number of Post Per Local Board

Merit Per Post Ratio

*This data could be wrong, I will update as soon as I get an update from Rikafip.

Even if everyone spent all their sMerit, the merit system would eventually run out of sMerit. Without merit sources, the total amount of merit that could be sent would be appropriately (but under) the amount of merit that was air dropped.

Right. Agree with you. I think everyone knows how the Merit system works.

[lovesmayfamilis]

OP, how long did it take you to check all the holders and donors of merits? Your screenshots say little, it was enough just to say about it.
In my opinion, it is quite easy to get merits today. Some sources of merit, in order to spend the entire treasury, send merit in a circle for the same posts.
Others help to distribute merit, not in their local section, but where they are not even a native speaker, using and evaluating posts through Google Translate.
Isn't that enough? And as for those who only receive merit, but do not distribute it. Referring to their message history, most often these are people who are not at all interested in receiving merit, and when receiving such, they most likely do not worry about not giving back. Is there a rule that when we receive something, we must return it? 

[Poker Player]

I see my (supposed) alt account is very active lately. Lol.

 

In my opinion, it is quite easy to get merits today.

Yeah, I think the same. I'm OK with 111 merit sources, no matter if some of them don't spend their merits. There are enough merits to be distributed and merits flow, that's what's important.

If I were theymos, I wouldn't want to put in too many merit sources either, so that everyone would have an inflated merit number.

Some merit sources usually give a minimum of 4 or 5 merits per post. I bet that if they were not merit sources they would give only 1 merit to many posts.

I guess theymos will be appointing some more merit sources from time to time, because some people (merit sources) will leave the forum, or they will stop being so active distributing merits, but I don't think we will need many more, and even less soon.

[DdmrDdmr]

<…>

On my local board, I keep track of this forum wide, in a thread I update monthly (see sMerit - Generosos y Tacaños - Foro Español). Although I focus on the Spanish local board, the Google Doc in my post contains a tab called "Foro Global" where data for all merited profiles is available, and with a filter by sMeritGenerated and ordering by %sMeritsSent you can obtain a global view of that depicted in the OP here. Of course, airdropped sMerits and Merits Source sMerits are not deal with there.

On my local board, there are some profiles that are not too proliferating when it comes to sending sMerits (despite earning a fair share), but I much prefer their contributions through their posts than anything else, and if they don’t want to participate in the Merit System, then that’s their prerogative really.