Topic: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO] - page 16. (Read 33430 times)
September 11, 2018, 11:56:20 AM
Very much people talk about revolution technology which provide EOS but nobody can not talk me, what is it, may be somebody can help me to open eyes?
September 11, 2018, 11:53:26 AM
Here's a nice article that came out in finder.com recently: https://www.finder.com.au/meet-merit-the-invite-only-cryptocurrency-with-deliberate-friction
Unlike many other cryptocurrencies, "Merit doesn’t use wealth as a proxy for trustworthiness"
Just read this. Very interesting. Seems like a pretty balanced analysis (even a little overly negative/opinionated in some places.)Unlike many other cryptocurrencies, "Merit doesn’t use wealth as a proxy for trustworthiness"
Quite interesting.
September 11, 2018, 11:50:59 AM
It's pretty surprising how strong the community is. I'm not saying anything bad about the coin itself, but with one of the core features being "referrals" on the bloickchain, I would have expected a lot of pure garbage.
Happy to see real users that are actually positive about the project.
Happy to see real users that are actually positive about the project.
Thanks for noticing us real ppl
- it's a tough hill to climb when you say the word referral - it's usually a rather large turnoff for people. Add blockchain and it turns even more people off. But when you dig into the bluepaper (and whitepaper) it's clear to see they didnt just throw this together overnight- unique idea that's been well thought through - with a team willing to adjust as needed.All those factors + others really made me jump in (and Im not shy to say I jumped in the deep end lol)
September 11, 2018, 11:42:32 AM
I like the fact that this project was base on POG and POW. In addition, I also like the concept behind it either i.e the three pillars which the project was meant to trigger but I don't know if you guys are planning to do an ICO in the future because I read through your site and road map nothing was said about ICO
Meanwhile, how are you planning to do the whole thing if theres no ICO now and in future?
Yeah, I was wondering about this. I agree with the other comment below about how blockchain projects need a lot more funding these days to really be successful.Meanwhile, how are you planning to do the whole thing if theres no ICO now and in future?
Just look at the ANN section -- so many posts; so many fake projects ;(
Good news, the 1Mil (at least since the founder alluded to more internal funding available) - should take the team through most of 2019 according to an older AMA he did (link on discord- just ask in chitchat)
From the TechCrunch article: https://techcrunch.com/2018/05/09/a-modcloth-cofounder-just-launched-an-invite-only-cryptocurrency/
"Also interesting, to us, is simply how Merit is structured, which is as a self-funded nonprofit. That’s partly so its currency can establish a value organically, versus through a valuation established by outside investors. In fact, Wali says he has personally invested $1 million into Merit to prove out that Merit’s software can work. But Wali also says that unlike many crytpocurrency projects in the last year that have promised technological advances in white papers, he didn’t want to discuss Merit publicly until he had already built it."
It's impressive to see how much movement is happening on the dev side knowing the runway and team size. They are showing how productive they can be with this. Very promising.
September 11, 2018, 11:37:47 AM
Go to the first page of this topic and you will see all the links you need to the plan, there will be a link to the social networks of the project and even to its website.
September 11, 2018, 11:32:27 AM
It's pretty surprising how strong the community is. I'm not saying anything bad about the coin itself, but with one of the core features being "referrals" on the bloickchain, I would have expected a lot of pure garbage.
Happy to see real users that are actually positive about the project.
Yeah, I agree. The strength of the community here seems really good. Happy to see real users that are actually positive about the project.
I wonder if that will have an affect on Market cap? Let's see.. if this bear market ever ends.
September 11, 2018, 10:34:04 AM
It's pretty surprising how strong the community is. I'm not saying anything bad about the coin itself, but with one of the core features being "referrals" on the bloickchain, I would have expected a lot of pure garbage.
Happy to see real users that are actually positive about the project.
Happy to see real users that are actually positive about the project.
September 11, 2018, 09:55:15 AM
There will always be thsoe who think its a pyramid or a Mlm, all we can do is encourage a little reading and point them in the right direction for the answers to their questions.
I had the same thoughts when i first saw it, almost all the people i have invited had the same thoughts when i introduced them.
They are are still holding the coin, as am I, we were convinced by doing a little research and digging.
Anyone who wants to get their head aroudn it all please check out the website or discord! the answers are much quicker there.
of all the coins i have mined this is the one i think is the diamond is a sea of ****
I had the same thoughts when i first saw it, almost all the people i have invited had the same thoughts when i introduced them.
They are are still holding the coin, as am I, we were convinced by doing a little research and digging.
Anyone who wants to get their head aroudn it all please check out the website or discord! the answers are much quicker there.
of all the coins i have mined this is the one i think is the diamond is a sea of ****
September 11, 2018, 09:52:06 AM
Good night all!
I read that 3 page whitepaper first before browsing through the posts here.
I got few question in the whitepaper but all got cleared up when I started browsing the forum post.
I read that 3 page whitepaper first before browsing through the posts here.
I got few question in the whitepaper but all got cleared up when I started browsing the forum post.
September 11, 2018, 09:51:35 AM
I see that there is at least one troll on the thread. I won't quote their comments because that will just give them more air-time than they deserve. One thing I noticed was that this person makes the claim that "invites" are at a steady distribution rate.
I, for one, actually read the bluepaper. And in section 4.6, it clearly highlights how invites are distributed. It's not steady-state at all. There are three separate lotteries that distribute invites...
https://www.merit.me/uploads/2018/bluepaper.pdf
Again, I have voiced some concerns and open questions about this project earlier in the thread. I'd still love to see those answered by a member of the team.
But I don't think it is at all fair or appropriate to spread misinformation about the project.
I, for one, actually read the bluepaper. And in section 4.6, it clearly highlights how invites are distributed. It's not steady-state at all. There are three separate lotteries that distribute invites...
https://www.merit.me/uploads/2018/bluepaper.pdf
Again, I have voiced some concerns and open questions about this project earlier in the thread. I'd still love to see those answered by a member of the team.
But I don't think it is at all fair or appropriate to spread misinformation about the project.
September 11, 2018, 09:44:46 AM
I like the fact that this project was base on POG and POW. In addition, I also like the concept behind it either i.e the three pillars which the project was meant to trigger but I don't know if you guys are planning to do an ICO in the future because I read through your site and road map nothing was said about ICO
Meanwhile, how are you planning to do the whole thing if theres no ICO now and in future?
Yeah, I was wondering about this. I agree with the other comment below about how blockchain projects need a lot more funding these days to really be successful.Meanwhile, how are you planning to do the whole thing if theres no ICO now and in future?
Just look at the ANN section -- so many posts; so many fake projects ;(
September 11, 2018, 07:25:38 AM
I'm curious, how will the exchange rate change when it gets listed on a good exchange?
At the moment, with the current market the course can be very easy to manipulate, even with a very small amount of money.
At the moment, with the current market the course can be very easy to manipulate, even with a very small amount of money.
I agree, volume and listings are very slim right now on market.merit.me , but it's a safe escrow service. As the project grows so will the market.
I know the team is actively looking for a solution to an exchange wallet . It'll only be time until it's figured out 👍
September 11, 2018, 04:50:18 AM
Pyramid Scam Alert!!! Stay Away!!!! I have taken a good look at this project, and it is surely a pyramid scam. It is in your best interest to grow your community, so you can earn these so called growth rewards. These growth rewards are based on your community score, where score is based on a combination of things like how many coins you have, how many people you have under your community, the age of the coins you have, etc.
The problem here is, there is only so many invitations available, and they are basically produced at a steady rate. This means the supply of invitations will always be limited and will be scarce. Right now, the early adopters of this coin have the majority of the invites, stocked up from the earliest mining days. So they are getting all of the new invitees, while people are in the trading channel trying to sell invites up to 10-30 merit each, which currently translate to $2.65 - $7.50 per invite at 4250 satoshi per merit. Sure, these people claim it is easy to get invited, but to grow your community, it is a mission in it self. You can try to invite people in various ways, but the easiest way would be to invite someone through the discord or telegram. However, there are the same people there, fighting over invitees, spamming their invite link over and over again, like clockwork, some even have bots running, so your chances to get a invite is basically 0.
When you do get a invitee, the chances of that person being a real active miner is low because it was most likely a spammer, trying to make as many fake accounts he or she can. Why do they do this? because of the invite situation. 40% of new accounts eventually mine a invite over time, so people are spamming the discord bot and using posted links to generate new accounts. Many of these accounts are being made in order to farm invites. With invites only being generated at a steady rate and the spam account nonsense, how can anyone new build their community effectively without having to spend $2.65-$7.50 per invite, and without that invite getting wasted on a spammer?
This coin looks like a sh*t show, and stinks of pyramid scam. You basically can get invited for free from someone, but would then have to spend money in order to buy invites to grow your community. However, most of the time your invite will get wasted by a fake/spam account anyways. People say you can verify your invitee, but it is just as easy to log in from another computer and verify using a different username on discord or telegram.
Stay away, there are better projects out there.
The problem here is, there is only so many invitations available, and they are basically produced at a steady rate. This means the supply of invitations will always be limited and will be scarce. Right now, the early adopters of this coin have the majority of the invites, stocked up from the earliest mining days. So they are getting all of the new invitees, while people are in the trading channel trying to sell invites up to 10-30 merit each, which currently translate to $2.65 - $7.50 per invite at 4250 satoshi per merit. Sure, these people claim it is easy to get invited, but to grow your community, it is a mission in it self. You can try to invite people in various ways, but the easiest way would be to invite someone through the discord or telegram. However, there are the same people there, fighting over invitees, spamming their invite link over and over again, like clockwork, some even have bots running, so your chances to get a invite is basically 0.
When you do get a invitee, the chances of that person being a real active miner is low because it was most likely a spammer, trying to make as many fake accounts he or she can. Why do they do this? because of the invite situation. 40% of new accounts eventually mine a invite over time, so people are spamming the discord bot and using posted links to generate new accounts. Many of these accounts are being made in order to farm invites. With invites only being generated at a steady rate and the spam account nonsense, how can anyone new build their community effectively without having to spend $2.65-$7.50 per invite, and without that invite getting wasted on a spammer?
This coin looks like a sh*t show, and stinks of pyramid scam. You basically can get invited for free from someone, but would then have to spend money in order to buy invites to grow your community. However, most of the time your invite will get wasted by a fake/spam account anyways. People say you can verify your invitee, but it is just as easy to log in from another computer and verify using a different username on discord or telegram.
Stay away, there are better projects out there.
You receive/mine your own invites on a steady rate. So nobody needs to buy some. Also a lot of people give invites for free (!) to their real community members because they want to grow a real community.
If people create fake identities/accounts on telegram/discord to receive invitation s it's hard to find out that they are fake. Do you have a suggestion to improve this?
Feel free to use my Username Alexis as invitation code. Please contact me in discord or telegram to accept you request
September 11, 2018, 04:49:55 AM
I'm curious, how will the exchange rate change when it gets listed on a good exchange?
At the moment, with the current market the course can be very easy to manipulate, even with a very small amount of money.
At the moment, with the current market the course can be very easy to manipulate, even with a very small amount of money.
September 11, 2018, 04:04:05 AM
Currently 2 open invites for Merit Wallet Unlock Available.
Please be serious about mining the project and send in a request for a wallet/unlock using the link and joining our community.
https://wallet.merit.me/?invite=Cetra
Please be serious about mining the project and send in a request for a wallet/unlock using the link and joining our community.
https://wallet.merit.me/?invite=Cetra
September 11, 2018, 03:44:58 AM
Here's a nice article that came out in finder.com recently: https://www.finder.com.au/meet-merit-the-invite-only-cryptocurrency-with-deliberate-friction
Unlike many other cryptocurrencies, "Merit doesn’t use wealth as a proxy for trustworthiness"
Unlike many other cryptocurrencies, "Merit doesn’t use wealth as a proxy for trustworthiness"
September 11, 2018, 02:55:22 AM
Given the high volatility of these currencies and the broader market external factors, it is difficult to imagine that one user will be able to attract many friends to this area.
I don't see anything difficult there in terms of attracting or inviting friends or more people to the merit community since the only way to mine and get involve in the merit system is through invitations. Besides, the community and the merit currency will gain more pump and it won't be easily manipulate like others crypto. However, I could remember back in the early 2004 or 2005 when gmail was first implemented google also use the same service. September 10, 2018, 11:18:06 PM
I will instant accept your invite request and send you 1 MRT for joining my community. Happy to answer any specific questions as well. https://wallet.merit.me/?invite=keepwatukill
September 10, 2018, 05:47:40 PM
One key thing to note is that the Merit team cannot force anyone to use invites they own in any particular way. We cannot censor how people decide to use them. When you get an invite, from mining, or waiting, getting one as a gift, or trading for one, it's yours and you can do with it as you please.
With POG2, we tried to create a more fair distribution of new invites. Since PoG2 release about 9k+ invites were generated and 7k+ wallets were created and there are more than 90k invites out there atm since launch. Some think using the market (trading invites) is an appropriate way to distribute them to those that value them. The merit team can't stop them from doing that because Merit is a decentralized system.
Again, unlike a centralized system, nobody can take invites away from someone and give them to another.
With POG2, we tried to create a more fair distribution of new invites. Since PoG2 release about 9k+ invites were generated and 7k+ wallets were created and there are more than 90k invites out there atm since launch. Some think using the market (trading invites) is an appropriate way to distribute them to those that value them. The merit team can't stop them from doing that because Merit is a decentralized system.
Again, unlike a centralized system, nobody can take invites away from someone and give them to another.
September 10, 2018, 05:23:12 PM
Pyramid Scam Alert!!! Stay Away!!!! I have taken a good look at this project, and it is surely a pyramid scam. It is in your best interest to grow your community, so you can earn these so called growth rewards. These growth rewards are based on your community score, where score is based on a combination of things like how many coins you have, how many people you have under your community, the age of the coins you have, etc.
The problem here is, there is only so many invitations available, and they are basically produced at a steady rate. This means the supply of invitations will always be limited and will be scarce. Right now, the early adopters of this coin have the majority of the invites, stocked up from the earliest mining days. So they are getting all of the new invitees, while people are in the trading channel trying to sell invites up to 10-30 merit each, which currently translate to $2.65 - $7.50 per invite at 4250 satoshi per merit. Sure, these people claim it is easy to get invited, but to grow your community, it is a mission in it self. You can try to invite people in various ways, but the easiest way would be to invite someone through the discord or telegram. However, there are the same people there, fighting over invitees, spamming their invite link over and over again, like clockwork, some even have bots running, so your chances to get a invite is basically 0.
When you do get a invitee, the chances of that person being a real active miner is low because it was most likely a spammer, trying to make as many fake accounts he or she can. Why do they do this? because of the invite situation. 40% of new accounts eventually mine a invite over time, so people are spamming the discord bot and using posted links to generate new accounts. Many of these accounts are being made in order to farm invites. With invites only being generated at a steady rate and the spam account nonsense, how can anyone new build their community effectively without having to spend $2.65-$7.50 per invite, and without that invite getting wasted on a spammer?
This coin looks like a sh*t show, and stinks of pyramid scam. You basically can get invited for free from someone, but would then have to spend money in order to buy invites to grow your community. However, most of the time your invite will get wasted by a fake/spam account anyways. People say you can verify your invitee, but it is just as easy to log in from another computer and verify using a different username on discord or telegram.
Stay away, there are better projects out there.
The problem here is, there is only so many invitations available, and they are basically produced at a steady rate. This means the supply of invitations will always be limited and will be scarce. Right now, the early adopters of this coin have the majority of the invites, stocked up from the earliest mining days. So they are getting all of the new invitees, while people are in the trading channel trying to sell invites up to 10-30 merit each, which currently translate to $2.65 - $7.50 per invite at 4250 satoshi per merit. Sure, these people claim it is easy to get invited, but to grow your community, it is a mission in it self. You can try to invite people in various ways, but the easiest way would be to invite someone through the discord or telegram. However, there are the same people there, fighting over invitees, spamming their invite link over and over again, like clockwork, some even have bots running, so your chances to get a invite is basically 0.
When you do get a invitee, the chances of that person being a real active miner is low because it was most likely a spammer, trying to make as many fake accounts he or she can. Why do they do this? because of the invite situation. 40% of new accounts eventually mine a invite over time, so people are spamming the discord bot and using posted links to generate new accounts. Many of these accounts are being made in order to farm invites. With invites only being generated at a steady rate and the spam account nonsense, how can anyone new build their community effectively without having to spend $2.65-$7.50 per invite, and without that invite getting wasted on a spammer?
This coin looks like a sh*t show, and stinks of pyramid scam. You basically can get invited for free from someone, but would then have to spend money in order to buy invites to grow your community. However, most of the time your invite will get wasted by a fake/spam account anyways. People say you can verify your invitee, but it is just as easy to log in from another computer and verify using a different username on discord or telegram.
Stay away, there are better projects out there.
You DO NOT have to invite anyone to earn Growth Rewards, just holding Merit will earn you growth rewards as well. So, your complaint is basically that one way of earning growth rewards is expensive/hard. Which is true of every way of getting some of the block generation reward. Security mining? Expensive. Growth mining? Also expensive, just in different ways.
Yes, it is work to grow the community, which is why it's counted as a valuable activity. The easiest ways to do so are currently through the Telegram and Discord channels, so there is a large amount of competition for it.
Essentially, this is similar to actual security mining. It takes a heavy investment in equipment and technical know-how to security mine, and even then there are a bunch of other miners participating in the network to increase the hashrate. So your chances of winning a block are very low and yet you have to continually burn money in electricity just to participate in a chance to mine a block. How are Growth Rewards any different?
You may not like the invite dynamics, but how is it a pyramid scheme? Pyramids schemes increase the amount of money in the system by brining new users into the network. The amount of MRT is fixed by the mining algorithm. Growth rewards just alter the distribution and spread it among those who 1. HOLD Merit OR 2. Have large networks.
It feels like you're complaining about the fact that users are exhibiting bad behavior by spamming their invite links, but humans are generally known for exhibiting bad behavior. Someone stealing thousands of dollars worth of bitcoin is bad behavior, does that make bitcoin a terrible project?
Again, you don't have to invite anyone to earn some of the block generation award; you can participate in security mining or just hold Merit. Growth Rewards aren't predicated on inviting others.
If you don't like Merit, then don't participate. But making the claim that it's a pyramid scheme without understanding 1. What a pyramid scheme is and 2. Without understanding how Growth Rewards work is unfair to the project.
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