... While the legit members who the Merit system is designed to aid get next to no Merit due to scarcity and lack of desire to Merit.
It may work out this way, but who knows.. is early days lol
I´m sympathetic to this viewpoint. Many people don´t seem to bother with the merit system
at all, which artificially reduces the supply of merit. I read somewhere that roughly 600k merits
were initially distributed. As of now merits are not really circulating as freely as theymos envisioned
it. The situation is going to get worse, because only ~11k merits are generated by the merit sources each month.
If the system is not working properly in spite of the huge supply due to the initial starting
balance of each user, how is it ever going to work when new merits are only generated by merit sources?
I know the theory is that merits will trickle down, because each awarded merit generates 0.5 sMerit.
However, this is clearly not working as intended, because many users don´t award merits at all.
Just take a look at a recent 1 hour period:
Today at 04:28:40 PM: 1 from actmyname for Re:
USERS THAT ARE ABUSING MERIT SYSTEM
Today at 04:20:08 PM: 1 from vinz7229 for Re: Why Bitcoin is better than cash?
Today at 04:13:27 PM: 1 from Altcoins enthusiast for when you sell out of panic, you are contributing to the dump!
Today at 04:05:49 PM: 2 from rog1121 for Re: How to explain bitcoin to teenagers or children
Today at 04:02:03 PM: 3 from Copulative for Re: How to protect your bitcoin
Today at 03:37:50 PM: 2 from mjglqw for Re: Only 21.000.000 Bitcoins in existance
Today at 03:37:29 PM: 1 from filterMX for Re: Penjualan Token Sampai Jadi Rupiah Lewat Etherdelta
Today at 03:36:28 PM: 1 from Old God for Airdrop & Bounty
Today at 03:36:12 PM: 1 from Old God for Re: Кoшeлeк pиппл нe oтдaeт 22 pипплa
Today at 03:34:48 PM: 1 from Old God for Re: чyвaк, зaчeм тeбe cтoлькo дeнeг?
Today at 03:34:13 PM: 1 from kaisa for Re: Why the bitcoin price is down?
Today at 03:31:47 PM: 1 from twbt for Re: Der Aktuelle Kursverlauf
A few random observations:
-only 16 merits were awarded in one hour
-for nearly 25 minutes of this hour not a single merit was awarded
-maybe 3/16 merits were awarded to a quality post (I concede that this is subjective and only my opinion) ... but if you take
a look at the posts that were awarded with merits most are pretty terrible
There are several other 1 hour periods where exactly the same problems
occurred (low total amount of merits awarded, merits for questionable posts) and I didn´t really
had to invest any time into cherry picking.
I like the general intention behind the merit system, but it clearly is not working very well.
I also disagree with the viewpoint that "you have to give it some time" or "it´s early days" or
similar adages, because as I argued above it should work great at the start due to the merit starting
balances of most Member-Legendary users.
Besides, I completely understand why many people don´t want to bother with the merit
system at all. Even if giving out a merit only takes a few seconds if you are fast it still
interrupts your reading experience.
I would compare merits to a shitcoin with a 600k coin supply, where probably half
of the supply belongs to inactive users and will never be spent while many of the remaining
HODLers don´t want to bother with it, because it is worth nothing and isn´t traded
at any exchange. Consequently, we are left with a few enthusiasts, who use the shitcoin
for its intended purpose and a few people, who just use it to troll or to have fun (e.g. stuff
like awarding merits to random shitposts or old classics like the Satoshi posts).
Disclaimer: I´m not even particularly affected by the merit system personally, because even though
I would be a Sr. Member based on activity, I have already "earned" 91 merits since the introduction
of the system and will likely rank up soon anyway. I just don´t think that the sytem is working as intended and that theymos has to take
some measures to increase the circulation of merits.
Possible solutions could be:
-increase the amount of merit sources (I´m not talking about 2-3 new sources, I would increase them by 100 % or more)
-lower the merit requirements for ranking up to take into account the fact that they are not circulating as intended
-remove the merit system completely and replace it with another solution
-impose a minimum merit requirement to prevent people from only awarding a single merit to a post
(theymos argued in one of his recent posts that he initially envisioned that people would award 5-10 merits to a good
post and 1 merit to every post that is remotely readable)
...
[/list]