Topic: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO] - page 24. (Read 33430 times)

Not sure how I missed this- but thanks for the kind words. There are obviously a good amount of Merit fans that really want to make sure the idea, project, and concept are communicated clearly - and not misunderstood.

It's not a cookie cutter strategy that's for sure.

There is a lot of junk out there... and Merit is really working on something unique. Excited to see where it'll be in a few years  

There is actually signature campaign you can join if you meet the criteria https://bitcointalksearch.org/topic/fin-meritme-signature-campaign-full-members-earn-up-to-00125btcweek-5015102

Very true about your comment about the "typical crypto person"  - I know from conversations with the devs that, while educating and sharing Merit with the crypto community is an important part of the journey - we are not really the target audience - us crypto folk are just the river of people that empty into the ocean of the 99% of those who dont have or hodl or know about crypto.

So when you say it looks nice and easy to use,  that probably is making some merit dev smile-  since they want someone brand new to crypto to feel comfortable. A typical exchange for alts doesnt do that.

In no way am I saying they arnt focused on solving the puzzle to get on other exchanges, but the Market itself doesnt have an end goal to be your typical exchange.

great question/point

You've been more than helpful already. I'll take a look at all your replies in the last 24 hours. I'll definitely be using your link as well. Thanks so much!

that's exactly what i think about the project. the team needs to understand that they still have a lot of work both on the development of the protocol itself and the development of the community. such small projects if not attract influential people will not be able to grow into those giants of the market. the protocol itself is very good but it needs advancement.

Greetings  im kinda in a hurry to get rich as those loan sharks i used to get the money to buy these coins seem very understanding and nice but i dunno

Yes, Proof of Growth is unique to Merit, from the website FAQ, here is a bit more explanation:
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How do Growth Rewards Work?

Merit has a lottery system for rewarding people for growing and using the network.

A score is calculated per address by using the coin age of your address and your network’s. Coins that are 30 days old are fully mature and coins that are 7 days old are 50% mature. Your score increases as you acquire more Merit, grow your network, or both.

When you receive Merit, you are entered into the lottery pool if your score is high enough multiplied by some random weight. The lottery pool has a maximum of ten thousand spots.

Twenty winners are selected each block from the lottery pool at random where the chance of winning depends on your score. The winners get a share proportional to their score.

Your score determines the probability of winning.

The root address in the genesis block does not receive Growth Rewards.

An address can be booted out of the lottery pool if an address not in the pool gets a better score x random weight.

----

How, precisely, do I get credit for inviting someone?

When you share your invite code with friends (which is your alias), they can use it to create a pending wallet.

You will receive an invite request from all users that use your invite code (alias) to create a wallet.

You can choose to send invite tokens (aka, invites) to whoever you want to. You have your own personal wait list for Merit. You can send them as you receive them.

You can send an invite token to someone who has NOT used your invite code.

The invite code used determines the person who gets the credit for growing the community, irrespective of who sent the invite token.

I would say they implimented it based off some other theories and ideas (outside of crypto) . I'm on mobile and this is tough to link but if you scroll through the pages I've left (and others) a good trail of answers that explain more how it works. When I get home I can link too .

Just got to sort through some of the early pages of invite spam. But some solid answers the past 24 hours

Yup, don't think there's any comparable in the crypto space  

That definitely cleared up my questions. I've never seen Proof of Growth before, is this something Merit made up?

Hi  I really like your idea, but I think you have to do lot of work, getting permissions from regulatory authority would not be easy. Everything is in your hands

Great question. If you use a sign up link: https://wallet.merit.me?invite=KAMO287

It should auto fill the alias that is associated with the link.

The alias is what matters. Anyone can go to the wallet and put in an alias during setup.

**(if you use my alias or link PM me so I can see who is who..lots of spam accounts these days)**

The other ways to get in would be if someone sent you a MeritMoney or MeritInvite link , they have invites built into the flow.

What would I get out of it? Well, I'd get real , awesome community members (I hope) . Like others said , it increases my community growth score , and that improved the chance of winning the growth reward lottery that happens every block.

I personally send merit and invites to my community to help them grow theirs so as I earn growth I send some back to those who care and are trying too.

End of the day , Merit is a big community , built up by a a bunch of smaller communities. Some care more about developing it as a community (me) while others just see it as a reward tree.

It's incentives to grow Merit.  And the team strives to find ways to not make it all about mining and not all about "referrals" . I don't get a cut of anything you do on your own. That's a misunderstanding a lot have.

That's why I think having proof of work and proof of growth both a part of the block chain and rewards is so cool, because I am not a hardcore hardware miner. Some might say I'm a growth miner though .

Does that help?

He'd get a slightly higher CGS (community growth score), which would make him more likely to receive growth rewards.  Remember growth rewards are 50% of each block reward, the other 50% being POW

Just wanted to add I've been mining Merit since the CPU days, now mining with all my rigs on icemining.  What everybody's been saying about the dev team is true. I've been getting personal responses from Adil the entire time. Truly a top notch team that seems to care about not only their project, but the community that supports it.

I've mined/traded/hodling everything from eth, zec, zen, rvn to a myriad of shitcoins left and right.  I've never seen a project with this much potential, not even close.

So if I were to sign up now there would be a field that would ask if someone recommended me? If I put down KAMO287, what would you get out of it?

Not sure if you're just copy/pasting to boost rank (since this question seems generic) but here is an older video - brief. quick. but high level Merit knowledge

https://youtu.be/AP_JuO3LA7s

I honestly cant think of a competitor in crypto trying to approach the problem statement like Merit is.

hope that helps !

Where do begin... It's refreshing to find a unique concept in crypto - and not only that- a dev team willing to drive that concept into reality. When you really understand what the team is trying to do it makes a big impact.

Yes it's an uphill battle (especially in the crypto world) - but this team has a great idea- and great horsepower to deliver it.

I personally am here because I know how easy it is for people to claim "scam! Ponzi! blah!" so educating people curious about Merit will not only help the project, but it will help me personally that some of you might sign up with my alias.

I feel helping and educating will help me grow my community in merit a lot further than just spamming my invite link and leaving.

It officially clicked for me about 4 weeks ago after mining Merit since June.

Yeah, I totally agree with this.

At first, it seemed kind of fishy with so much positive stuff on here.  Still a little weird to me, but it's hard to argue with actual answers.  (And people typing with actual proper grammar.)

I'm taking part in the bounty, I already raised a lot of coins, especially without spending time. In the future I plan to actively invest in this plan, the prospects are visible not with an armed eye.

It seems almost bizarre to me that a project on here has a genuine following. Everyone else is just paying pennies for people to pretend to be interested.

It's very refreshing actually. I'll have to look deeper into Merit, it's much more complex than I'm used to also.