Possibly I've been wrong, but most merits are distributed among coteries and groups. The posts that tend to belittle others and point fingers are the ones that have been receiving merits as well. Posts like ICO ANN and Bounties ANN by Bounty managers are receiving merits( WHY
).
I've rarely tried to please people and have also tried to increase the quality of my posts in the past months, but I've rarely received merits from unknown sources, just people that know or those I have merited (dunno if it was a gesture or anything but I never asked them for it).
A lot of people have been harping on the Sig campaigns thing. Here are a couple of things:
Q1. Why do companies have Sign Campaigns?A. To
(a.) To grab eyeballs so that people know about them and invest or use those services.
(b.) To pay posters who make good posts on BCT.
I think it's the (a.). (Correct me if I'm wrong or have a wrong notion anywhere in this post.)
Q2. Do people make decisions to invest in ICO or use a service based on the Sign Holders? A. I've seen people wear the Signature of a Mixer, I have looked into the service and it looks AWESOME. I wouldn't care if a racist half-wit is wearing that signature and spamming endlessly (actually someone racist is wearing it), I have and will use the service.
I've also seen many good posters wear the sign of a Mining company and I have looked into it again, will I invest, HELL NO!
Q3. What's the use of merits and such regulations then?
A. I hate to say it, but the winners are ICO Bounties that need to pay less (Sorry Satoshi, but Centralized Institutions are winning), because people won't rank up. I think the only useful system is the TRUST, that too when u are trading and not proselytizing your political opinions.
As for rest, all Ranks and Merits should be abolished and each Bounty Manager shud be made to count posts and assess the quality and pay for them. ICOs are happy to have 100 Jr. Members Shit-Post and say Good Project while grabbing attention to their projects, because that also is a form of marketing. Why do the PAUL BROTHERS and their gangs have Millions of views when all they make is SHIT, because even cringe is appealing and makes for good marketing.
Q4. What's my proposed solution?A. Read the BOLD part up.
EDIT : Initiatives such as SMAS list by Lauda is a good reference point and I applaud them, although I'm on the list (Rightly so!) and believe that it has little utility in terms of marketing. (Again grabbing eye-balls is more important !)
My 2cents : All of us can agree that Sign campaigns pay well, but do they pay to make good posts or to grab eyeballs. If it was to make good posts, add that in Article Bounties.
I hope someone points out valid loopholes and assumptions that I made. Thanks.
P.S.
Can some marketing veteran point it out that my logic has fallacies, but remember that most investors in ICOs are extremely clueless and not a reformed crowd that they would care for quality of adverts or advertisers. We also have instances in the past to prove it. MIOTA raised a small seed on forum and was being called a SCAM all the time. The marketing was shit, but most of us can agree that the project is doing good today.
I would like to share more about this post:
I've only known this forum when I accidentally went to an event while looking for investments about new technologies. The event host raised a question, how did they know about cryptocurrecies, one guy answered this forum. The host bluntly said; do not click anything below every posts you see on that forum or you will be a victim of scam ICOs, scammers came that forum.
If this merit system is all about signature bounties, would you trust an ICO based on someones post, or his rank?
We all know that this merit system is to prevent people from ranking ups based on their activity on this forum, but will it prevent the scam ICO?
Before every high ranking members single out the shit posters, they should have cleaned up the mess on altcoin announcement thread section where you will see low ranking members posting- Great project!, The best platform ever!, I like your idea/ project!, This will surely moon!, posters like this should be removed for they only bumping and piling up a good post.