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Topic: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO] - page 33. (Read 33430 times)

sr. member
Activity: 854
Merit: 253
Interesting concept.  I have a LOT of questions.  I am going to start with the most pressing ones.

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

How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github.  When did you actually BEGIN development?
newbie
Activity: 2
Merit: 0

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

Something seems weird about this.

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

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

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.
Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.

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

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


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

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

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

Again, I do not want to derail the thread.  In the off chance that you actually *did* list Merit so quickly, that seems impressive.  Maybe you could point us to some proof that your exchange is real?
copper member
Activity: 33
Merit: 0
I'm a Free Software Developer.

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

Something seems weird about this.

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

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

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.
Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.

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

If you want to list MRT on your exchange, I suggest to contact the core team if you need technical help. It's certainly possible, check out the market as an example. https://market.merit.me
member
Activity: 163
Merit: 10
Will add something

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

Something seems weird about this.

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

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

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.
Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.
newbie
Activity: 12
Merit: 0
I'd like to request that people who have an invite code just put it in their signature.  That way, folks don't have to add to the thread just to mention their code.

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

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

Simply if the person will be interested will see your invitation link in your signature, and thus avoids the spam of the invitation links
newbie
Activity: 20
Merit: 0
[Merit] [MRT] added in ProBitEx.com-New Crypto exchanger with BTC Pair with low fees 0.15%
Buy-Sell: https://probitex.com/trade/index/market/mrt_btc.html
Trade Guide: Steps of Trade:

1. Make deposit of cryptocurrency from Finance menu

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

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

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4991093.new#new
For any Support:
Discord: https://discord.gg/5s2VUUy
Telegram: https://t.me/joinchat/KK9vShEOWtUZ8WIbPOapsw
Email: [email protected]

Get 10 Probit[PBT] signup bonus(Only KYC verified user will get)
Wallet status: Syncing blockchain


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

Something seems weird about this.

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

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

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.
copper member
Activity: 56
Merit: 14
If you need an invite feel free to use: shiggidy

or use this link:  https://wallet.merit.me/?invite=shiggidy
jr. member
Activity: 70
Merit: 2
[Merit] [MRT] added in ProBitEx.com-New Crypto exchanger with BTC Pair with low fees 0.15%
Buy-Sell: https://probitex.com/trade/index/market/mrt_btc.html
Trade Guide: Steps of Trade:

1. Make deposit of cryptocurrency from Finance menu

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

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

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4991093.new#new
For any Support:
Discord: https://discord.gg/5s2VUUy
Telegram: https://t.me/joinchat/KK9vShEOWtUZ8WIbPOapsw
Email: [email protected]

Get 10 Probit[PBT] signup bonus(Only KYC verified user will get)
Wallet status: Syncing blockchain


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

Something seems weird about this.

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

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


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

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

To trade merit you need an unlocked merit wallet on the merit blockchain 🤔
member
Activity: 163
Merit: 10
Will add something
[Merit] [MRT] added in ProBitEx.com-New Crypto exchanger with BTC Pair with low fees 0.15%
Buy-Sell: https://probitex.com/trade/index/market/mrt_btc.html
Trade Guide: Steps of Trade:

1. Make deposit of cryptocurrency from Finance menu

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

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

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4991093.new#new
For any Support:
Discord: https://discord.gg/5s2VUUy
Telegram: https://t.me/joinchat/KK9vShEOWtUZ8WIbPOapsw
Email: [email protected]

Get 10 Probit[PBT] signup bonus(Only KYC verified user will get)
Wallet status: Syncing blockchain


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

Something seems weird about this.

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

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

jr. member
Activity: 70
Merit: 2
The Escrow Links seem like a really good idea.  (This is what is called MeritMoney on the website, yes?  Or is that something different.)

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

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

When it comes to how, I'll have to let someone more technical chime in 👍. I can say , it works very well so far!
full member
Activity: 137
Merit: 100
The Escrow Links seem like a really good idea.  (This is what is called MeritMoney on the website, yes?  Or is that something different.)

Can I ask how those are implemented?  How do you keep an on-blockchain escrow secure from prying hands?
full member
Activity: 318
Merit: 100
I'd like to request that people who have an invite code just put it in their signature.  That way, folks don't have to add to the thread just to mention their code.
hero member
Activity: 792
Merit: 501
4 Invites left. PM me after I confirmed your request and I will send you 1 Merrit to start .

https://wallet.merit.me/?invite=hagie

regards
Hagie
member
Activity: 280
Merit: 10
This is the first coin that i stay and watch the whole project going because devs are very active and community is very helpful.


if you want you could use sorinslv invite code.
https://wallet.merit.me/?invite=sorinslv
jr. member
Activity: 70
Merit: 2
What is Pachira?  (Sorry if I'm missing something obvious.)

Edit: OH In Bluepaper!

It's not the easiest to explain but it's an algorithm used in Proof-of-Growth to fairly distribute rewards. Here is a link that goes into the details - careful - it's heavy:  http://ccr.sigcomm.org/online/files/fp231-douceur.pdf
jr. member
Activity: 70
Merit: 2
This is a pretty impressive project, from what I can tell.  Is that star-chart visualization of the network based on actual data, or is it some kind of estimate, vague approximation, or projection?



Hey! it's actually a real visual of the network. You can play around and drill down yourself over at  https://dashboard.merit.me/
copper member
Activity: 7
Merit: 0
This is a pretty impressive project, from what I can tell.  Is that star-chart visualization of the network based on actual data, or is it some kind of estimate, vague approximation, or projection?

newbie
Activity: 10
Merit: 0
full member
Activity: 182
Merit: 100
What is Pachira?  (Sorry if I'm missing something obvious.)
jr. member
Activity: 49
Merit: 2
Didn't know Merit wasn't the only one using cuckoo, interesting :O
Oh, that is new to me. In fact, came to know of Cuckoo after reading about Merit. Interesting indeed.
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