Merit System Upgrade - page 31. | Bitcointalksearch.org

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Quote from: QuestionAuthority on January 27, 2018, 02:17:36 PM

Decentralization comes is a natural benefit to the design of the system. As you pointed out decentralization isn’t required for bitcoin to work. Mining is highly centralized right now. Satoshi was looking for a way to remove the need for a trusted third-party to be involved in financial transactions online. We are currently steering away from that system and I don’t know why everyone is allowing it to happen. Maybe it’s because they just don’t realize what Satoshi was trying to accomplish or they don’t see any other way to make bitcoin successful.

Congrats aleksej996, 20 merit points awarded

Thanks!

This was fun. Never got my knowledge about Bitcoin tested before.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Darthswan on January 27, 2018, 02:37:39 PM

but it always seemed to me that everything was a bit deeper than a payment system based on cryptographic evidence instead of trust, allowing any two interested parties to interact directly with each other without having to use a trusted third party. More precisely, I still think so, that everything is much deeper, just we have not reached this level yet)

No, it’s just that simple. To buy something online you need a way to pay them, right? Before bitcoin you had to involve a bank of some kind (wire transfer, debit card, MasterCard, Visa, etc.). The only method available to keep a bank out of it was to mail cash to someone in an envelope. That is way too slow, inefficient and risky. Bitcoin lets you send money to people around the world without involving a bank. You can debate the reasons or lack of reasons for having a bank out of the picture all day long but you can’t debate that Satoshi wanted to keep third parties out of the financial transactions between individuals.

Darthswan

hero member

Activity: 818

Merit: 508

but it always seemed to me that everything was a bit deeper than a payment system based on cryptographic evidence instead of trust, allowing any two interested parties to interact directly with each other without having to use a trusted third party. More precisely, I still think so, that everything is much deeper, just we have not reached this level yet)

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: aleksej996 on January 27, 2018, 01:57:27 PM

Quote from: Darthswan on January 27, 2018, 01:50:59 PM

Quote from: aleksej996 on January 27, 2018, 01:46:05 PM

I do see that you’re actively engaged in debates, you’re fairly helpful and fairly knowledgeable. You came really close to the correct answer in a few posts so I only have one question for you. Why did Satoshi create bitcoin? What is the one indisputable thing that bitcoin can do that the mainstream banking establishment can’t do?

but I think he wanted to solve the problem of centralized distribution of money.

Of course. It is decentralization that is the main feature of Bitcoin. But there are some people that dispute it, as mining is pretty centralized and some even claim LN will be centralized. I don't think Bitcoin will ever be centralized, but it is not that simple to measure centralization compared to the fixed market supply of Bitcoins. In a way, these two things are very tightly linked, inflation is the biggest problem of centralization we can see today. At least this kind of centralized inflation.

I’m going to quote the guy that invented bitcoin.

Quote

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.

Decentralization comes as a natural benefit to the design of the system. As you pointed out decentralization isn’t required for bitcoin to work. Mining is highly centralized right now. Satoshi was looking for a way to remove the need for a trusted third-party to be involved in financial transactions online. We are currently steering away from that system and I don’t know why everyone is allowing it to happen. Maybe it’s because they just don’t realize what Satoshi was trying to accomplish or they don’t see any other way to make bitcoin successful.

Congrats aleksej996, 20 merit points awarded

Darthswan

hero member

Activity: 818

Merit: 508

Quote from: aleksej996 on January 27, 2018, 01:57:27 PM

Quote from: Darthswan on January 27, 2018, 01:50:59 PM

Quote from: aleksej996 on January 27, 2018, 01:46:05 PM

I do see that you’re actively engaged in debates, you’re fairly helpful and fairly knowledgeable. You came really close to the correct answer in a few posts so I only have one question for you. Why did Satoshi create bitcoin? What is the one indisputable thing that bitcoin can do that the mainstream banking establishment can’t do?

but I think he wanted to solve the problem of centralized distribution of money.

Of course. It is decentralization that is the main feature of Bitcoin. But there are some people that dispute it, as mining is pretty centralized and some even claim LN will be centralized. I don't think Bitcoin will ever be centralized, but it is not that simple to measure centralization compared to the fixed market supply of Bitcoins. In a way, these two things are very tightly linked, inflation is the biggest problem of centralization we can see today. At least this kind of centralized inflation.

I think that Satoshi has left us a riddle, the key point is the distribution of money directly at the time of their creation. If we solve it, then the world will change forever.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: saponetes on January 27, 2018, 01:14:41 PM

Quote from: QuestionAuthority on January 27, 2018, 10:54:05 AM

Quote from: saponetes on January 27, 2018, 10:48:44 AM

And what about Members almost reaching Full Member ranking position a couple of days after merit feature appears...
I think this is not fair...
At least at the very beggining of merit feature, merit should be given in a racio of next rank position, and not the lowest possible merit number.
I was two days of getting promoted, and now i have to collect a lot of points from "who knows" to upgrade my ranking position....

Look at my post here: https://bitcointalksearch.org/topic/m.29043109

You actually fit into the category I’m talking about, as do many forum members below the rank of Full Member.

hello questionauthority,

went to the post you mentioned that redirects to this post, it is kind of a loop... and i do not understand what is gonna to happen.
What i should expect from bitcointalk devs, about the merit rank?
Should i wait months to upgrade my rank when i was only about 48 hrs to be upgraded by the old system??? i feel very sad....

I’m going to quote my linked post and highlight the relevant point because I think you missed it.

Quote

How is it possible to ever know the leanings of anyone? Could it be used to form cliques? Sure, I guess it could but this forum has a bigger problem to worry about right now. Because of the price rally within the past couple of months, this forum has had a massive amount of new members spamming the forum attempting to gain rank so they can collect a little coin and cash in. They don’t care about cryptocurrency at all and are destroying the forum with useless posts. I’ve said the most ridiculous shit I could think of in a few threads attempting to get some of them to contradict me and reply. All they ever do is post a one liner and move on. Much of the real brain power using this forum moved on long ago because of this issue. It’s not going to be easy but at least the admins are trying something before the forum crumbles down around their feet from the weight of scammers, spammers and bounty hunters.

I’m giving away merit (the link is in my sig line). I haven’t agreed with the opinion of most of the people I have given merit to so far. The only thing I have agreed with is their sincere desire to actively be here and interact with people to increase the quality of discourse. To sum it up, I think your wrong.

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Quote from: Darthswan on January 27, 2018, 01:50:59 PM

Quote from: aleksej996 on January 27, 2018, 01:46:05 PM

I do see that you’re actively engaged in debates, you’re fairly helpful and fairly knowledgeable. You came really close to the correct answer in a few posts so I only have one question for you. Why did Satoshi create bitcoin? What is the one indisputable thing that bitcoin can do that the mainstream banking establishment can’t do?

but I think he wanted to solve the problem of centralized distribution of money.

Of course. It is decentralization that is the main feature of Bitcoin. But there are some people that dispute it, as mining is pretty centralized and some even claim LN will be centralized. I don't think Bitcoin will ever be centralized, but it is not that simple to measure centralization compared to the fixed market supply of Bitcoins. In a way, these two things are very tightly linked, inflation is the biggest problem of centralization we can see today. At least this kind of centralized inflation.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: mithrim on January 27, 2018, 01:12:46 PM

Quote from: QuestionAuthority on January 27, 2018, 12:17:41 PM

I needed to use something to limit the number of people visiting this thread because it would be overwhelming for me to review everyone on the forum that wants to rank up.

This I can understand indeed, I thought myself a couple of times that for this to work, this forum would need a lot more mods who have an eye on all subsections and that this would consume a lot of time. I get that for people who want to help (and are in the position to do so due to their rank) this could be also stressful as they try their best to be fair.

So thanks for your reply, it made me think. Maybe I try to do a similar thing you are doing. I don't have that much sMerit, yet, but I'll have an eye on those who maybe get overlook in the local forum. You also gave me a small kickstart, so I'll think of something. Maybe I apply for a Merit-Source. Thanks again, keep up what you're doing.

Excellent, you understand the one thing that people still don’t seem get concerning the merit system. It’s a user based system that requires the help of every member of the forum. Self policing is the most difficult thing you can ask people to do because it requires careful forethought and effort. Please do keep an eye on those people that need help.

Darthswan

hero member

Activity: 818

Merit: 508

Quote from: aleksej996 on January 27, 2018, 01:46:05 PM

I guess this might be a matter of opinion, but I would say that it is the fixed 21 million coin supply. I guess he created it because he was sick of the bank bailouts that happened after 2008 financial crisis. That is why it is referenced in the first block. With no inflation, these banks wouldn't be able to be bailed out at the taxpayer's expense.

but I think he wanted to solve the problem of centralized distribution of money.

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

Quote from: QuestionAuthority on January 27, 2018, 01:36:50 PM

Quote from: aleksej996 on January 27, 2018, 01:01:47 PM

I do see that you’re actively engaged in debates, you’re fairly helpful and fairly knowledgeable. You came really close to the correct answer in a few posts so I only have one question for you. Why did Satoshi create bitcoin? What is the one indisputable thing that bitcoin can do that the mainstream banking establishment can’t do?

I guess this might be a matter of opinion, but I would say that it is the fixed 21 million coin supply. I guess he created it because he was sick of the bank bailouts that happened after 2008 financial crisis. That is why it is referenced in the first block. With no inflation, these banks wouldn't be able to be bailed out at the taxpayer's expense.

hashcoinusa

member

Activity: 342

Merit: 10

Quote from: QuestionAuthority on January 27, 2018, 01:36:50 PM

Quote from: aleksej996 on January 27, 2018, 01:01:47 PM

I do see that you’re actively engaged in debates, you’re fairly helpful and fairly knowledgeable. You came really close to the correct answer in a few posts so I only have one question for you. Why did Satoshi create bitcoin? What is the one indisputable thing that bitcoin can do that the mainstream banking establishment can’t do?

I created simple infographic for members to understand new merit system
https://bitcointalksearch.org/topic/m.29023712

Merit system can be big plus if everyone win with it.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: aleksej996 on January 27, 2018, 01:01:47 PM

I do see that you’re actively engaged in debates, you’re fairly helpful and fairly knowledgeable. You came really close to the correct answer in a few posts so I only have one question for you. Why did Satoshi create bitcoin? What is the one indisputable thing that bitcoin can do that the mainstream banking establishment can’t do?

saponetes

member

Activity: 420

Merit: 18

Quote from: QuestionAuthority on January 27, 2018, 10:54:05 AM

Quote from: saponetes on January 27, 2018, 10:48:44 AM

And what about Members almost reaching Full Member ranking position a couple of days after merit feature appears...
I think this is not fair...
At least at the very beggining of merit feature, merit should be given in a racio of next rank position, and not the lowest possible merit number.
I was two days of getting promoted, and now i have to collect a lot of points from "who knows" to upgrade my ranking position....

Look at my post here: https://bitcointalksearch.org/topic/m.29043109

You actually fit into the category I’m talking about, as do many forum members below the rank of Full Member.

hello questionauthority,

went to the post you mentioned that redirects to this post, it is kind of a loop... and i do not understand what is gonna to happen.
What i should expect from bitcointalk devs, about the merit rank?
Should i wait months to upgrade my rank when i was only about 48 hrs to be upgraded by the old system??? i feel very sad....

mithrim

sr. member

Activity: 434

Merit: 436

Quote from: QuestionAuthority on January 27, 2018, 12:17:41 PM

I needed to use something to limit the number of people visiting this thread because it would be overwhelming for me to review everyone on the forum that wants to rank up.

This I can understand indeed, I thought myself a couple of times that for this to work, this forum would need a lot more mods who have an eye on all subsections and that this would consume a lot of time. I get that for people who want to help (and are in the position to do so due to their rank) this could be also stressful as they try their best to be fair.

So thanks for your reply, it made me think. Maybe I try to do a similar thing you are doing. I don't have that much sMerit, yet, but I'll have an eye on those who maybe get overlook in the local forum. You also gave me a small kickstart, so I'll think of something. Maybe I apply for a Merit-Source. Thanks again, keep up what you're doing.

aleksej996

sr. member

Activity: 490

Merit: 389

Do not trust the government

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

vlom

legendary

Activity: 1498

Merit: 1117

Quote from: QuestionAuthority on January 27, 2018, 11:24:06 AM

Quote from: vlom on January 27, 2018, 10:57:30 AM

@OP.

i like your idea. if i can help you be sending you some sMerit then let me know how much you think is OK for you.
of if i can't help with something else then let me know too.

or maybe i can copy the idea into the altcoin sub. because i am active in this section.

You setting up your own thread in the altcoin section is actually a good idea. I don’t know if the alt people have anyone helping them yet.

the topic is on page two....... this will be easy for me if anybody wants to participate. Huh

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: aleksej996 on January 27, 2018, 11:16:14 AM

This would be very nice of you as I need 150 merits to get to Sr. Member and I got 196 activity (should be 210 in few days).

I would be happy to apply for these questions

You read the OP so lead me to some of your posts. It’s easier for me if you do because I might miss the ones that you want me to see.

mithrim

sr. member

Activity: 434

Merit: 436

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: vlom on January 27, 2018, 11:11:32 AM

@OP. i started this topic. https://bitcointalksearch.org/topic/m.29044855
If you are not OK with it then let me know and i will close it.

I like it. I’ll keep an eye on your progress and contribute merit to you if I see you awarding merit based on one thing. Are they actually discussing something and contributing to the brainpower of the forum or simply posting to gain rank to cash in.

Topic: Merit System Upgrade - page 31. (Read 35077 times)