What happens if all forum users exhaust their Smerits? - page 2.

dzungmobile

sr. member

Activity: 854

Merit: 424

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Quote from: Little Mouse on July 30, 2023, 08:37:18 AM

Check merit stats here- https://bitcointalk.org/index.php?action=merit;stats=sources

If you need chronological stats for merit sources: total merit sources, total monthly sourced merit, I have Merit source observations.

Quote from: tranthidung on July 11, 2022, 09:07:00 AM

But the update is, currently "there are 110 merit sources with a total merit generation of up to 33989 sMerit per 30 days"

Quote from: sokani on July 31, 2023, 01:07:19 AM

A (10 sMerits) ==> B (10 merits, 5 sMerits)
B (5 sMerits) ==> C (5 merits, 2 sMerits)
C (2 sMerits) ==> D (2 merits, 1 sMerit)
E (1 sMerit) ==> F (1 merit, 0 sMerit)

From your examples, after three rounds of distribition, if no more new earned merit and sendable merit, the cycle will stop.

Correction: F will have 1 merit, 0.5 smerit.

sokani

sr. member

Activity: 658

Merit: 441

Quote from: Nwada001 on July 30, 2023, 08:49:51 AM

Aside from the merits generated a month from merit sources, the Smerit gotten from other members who receive merits still generates a lot of smerit when they are being distributed. Just as you have also explained, if everyone is distributing their merit and not holding back, I believe that alone can go a long way compared to the amount that is being distributed by merit sources every now and then.

I think before making this post he was not aware of merit sources and based on his understanding about how the merits system works, he thought at some point users are going to run out of merits.

I just want to buttress that if there are no merit sources, the sMerits generated by members would not be enough to keep the merit system running, it's certainly going to be exhausted. For example, when A merits B post with 10 merits, B also receives 5 sMerits, B give out 5 merits to C and who receives 5 merits and 2 sMerits in that order as shown below.

A (10 sMerits) ==> B (10 merits, 5 sMerits)
B (5 sMerits) ==> C (5 merits, 2 sMerits)
C (2 sMerits) ==> D (2 merits, 1 sMerit)
E (1 sMerit) ==> F (1 merit, 0.5 sMerit)

But the 33940 sMerits from 109 merit sources each month ensure that users don't run out of merits and sMerits.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: Latviand on July 30, 2023, 11:20:37 PM

Quote from: Little Mouse on July 30, 2023, 08:37:18 AM

Check merit stats here- https://bitcointalk.org/index.php?action=merit;stats=sources

So that's how many sMerits each Merit source has or is that their combined generation for one month?

Kind of weird though, no one has answered the question

It's weird that you didn't bother to click the link and get yourself informed more. Everything has been clearly stated there. 33940 is the total sMerits Merit sources can generate each month. The individual amount of sMerits for each Merit source is not same for all, it's based on their activity as far as I know.

Latviand

full member

Activity: 1540

Merit: 219

Quote from: Little Mouse on July 30, 2023, 08:37:18 AM

There are some members called Merit Sources who can generate merits every month given by theymos. Right now, there are 109 merit sources and they can generate 33940 smerits each month. So, it's not going to be ended. Don't forget to calculate how many more smerits is going to be generated from 33940 when distributed.

Check merit stats here- https://bitcointalk.org/index.php?action=merit;stats=sources

So that's how many sMerits each Merit source has or is that their combined generation for one month?

Kind of weird though, no one has answered the question and just outright explained that sMerits won't run out as if the question wasn't obviously a hypothetical question. I guess it's a dumb question for some and so they didn't humor the stupidity of the question and go on a tirade and mindless drivel that digressed from the question.

Quote from: Adams0001 on July 30, 2023, 08:33:09 AM

Joining the forum in early March of this year was one of the most significant accomplishments I believe I've accomplished in my life. Prior to then, I knew very little about cryptocurrencies and couldn't tell the difference between bitcoin and cryptocurrency. I look for other coins online and on exchanges, and I register with them and purchase different coins in the hopes that my earnings would increase quickly.

Dude, you're description of joining this forum has some depressing undertone, don't overinflate the fact that you've joined this forum and then calling it a significant accomplishment in your life, joining this forum is a part of your lifelong journey, plus don't say that joining this forum is a significant accomplishment, a significant accomplishment is something that only a few people can do like being the first man in Space (Yuri Gagarin) or creating Bitcoin (satoshi).

qwertyup23

hero member

Activity: 2268

Merit: 789

There are these so-called "merit sources" that are granted by theymos a specific number of merits (no specific timeframe on when) to be distributed among the users. They are called sources because they have established their credibility on the forum in creating multiple helpful threads and other relevant topics/discussions.

From what I remember, every local board has at least 1-2 merit sources that distributes these merits to the users. They are also tasked to exhaust these merits in order to help and give incentive those people who are contributing greatly to the forum.

In conclusion, if all forum users exhausted their sMerits, then merit sources would be granted an additional set of sMerits which would be distributed again on the forum users.

GazetaBitcoin

legendary

Activity: 1680

Merit: 6524

Fully-fledged Merit Cycler|Spambuster'23|Pie Baker

Quote from: Adams0001 on July 30, 2023, 08:33:09 AM

what happens when everyone in the forum distributes all of their Smerits? Because, as a result of this process, the Smerits will one day be exhausted by everyone. But the merit distribution system continues to function; how is this possible?

The forum has more than 3.5M users, from which more than 100.000 are active. Even without taking merit sources into consideration, the chance for all the forum users to run out of sMerits is extremely low. You'd probably have more chances to win the lottery than to see all forum users remaining without sMerits. Each time you will post a quality material, be sure you will receive merits. So if you will keep being a good forum contributor, don't worry, your sMerits stash will not get to 0 or, even if it gets to 0, it won't keep that value for a long time.

At same time, the current 100+ merit sources have a distribution of 30.000 merits each month. This means from start a creation of at least 15.000 sMerits each month. And this amount, combined with all the other existent sMerits makes the situation asked by OP to be highly unrealistic.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Merit sources aside, remember that Bitcointalk is a 100% centralized platform and sMerits can be printed out of thin air at will by Theymos(Bitcointalk's owner/admin) anytime he wants to. There's literally no scarcity.

Faisal2202

hero member

Activity: 1386

Merit: 513

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You have asked the most common question which all newbies came to know think about. And the answer is always the same that. When at some point the merits will be no more to send anyone. Means you might not have any smerits to send then how this mechanism of giving merits will work. The answer is straight forward which is new Smerits will be given to Merit Source to distribute among the members according to there rules.

Means merit sources will distribute merit to anyone who's post they will found good. IMHO, there are almost 1 merit source in each local community and other than those. Other merit source are also exist who give merit occasionally like when you need few merits to complete your ranks etc.

Coyster

legendary

Activity: 2184

Merit: 1302

Quote from: ImThour on July 30, 2023, 11:44:29 AM

So there are 100+ people who get almost 33,000+ Merit every month which is almost 311 sMerit per person.

Merit sources do not get equal allocation of Smerits per 30 days, it differs per merit source, some get more whilst others get less, thus your calculation of Smerit allocation per person is not accurate.

Quote from: ImThour on July 30, 2023, 11:44:29 AM

That assures that merit will never be exhausted on this forum unless these 109 people stop accessing the forum and the sMerit(s) for others get's exhausted.

Exactly, and if hypothetically this happens Theymos will basically just appoint new merit sources and allocate them Smerits for the system to continue, the point is that Smerits can't run out because it is easy for the admin to generate it how they like.

ImThour

copper member

Activity: 1470

Merit: 1609

Bitcoin Bottom was at $15.4k

Quote from: Little Mouse on July 30, 2023, 08:37:18 AM

Check merit stats here- https://bitcointalk.org/index.php?action=merit;stats=sources

Didn't know this existed, thanks for sharing this.

I knew there were people who get new merit every month and by the data on this link, this is what it comes to be:
- 109 merit sources with a total merit generation of up to 33940 sMerit per 30 days

So there are 100+ people who get almost 33,000+ Merit every month which is almost 311 sMerit per person.
That assures that merit will never be exhausted on this forum unless these 109 people stop accessing the forum and the sMerit(s) for others get's exhausted.

Woodie

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

When it comes to smerits, think of them like a tomato 🍅 in the fridge with a limited shelf life ,if these tomatoes are done(finished) then they need to be replenished for the next shelf life and be distributed and can't be gotten again before the next trip to the food store, market, farm wherever you get tomatoes from...

Otherwise, not possible for merit sources to be all done, so let's work on being reward with these for great contributions towards the forum.

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

@OP, Have you not been surprised that ever since the merit system was introduced in 2018, users of the forum have never ceased receiving merit? If Smerit had been limited, then It probably would have gotten exhausted earlier than now. but it just keeps going. I believe the reason why the Smerit never gets exhausted is because of some merit sources in the forum that have been appointed by Theymos, and He (Theymos) always allocates some amount of Smerit to Those merit sources almost every month.

m2017

legendary

Activity: 1792

Merit: 1296

Crypto Casino and Sportsbook

Quote from: Coyster on July 30, 2023, 09:25:07 AM

This is a non-issue, Smerits isn't like Bitcoin that has a capped supply, Tongue

Smerits can be generated by the admin anytime he wants to do it and he can distribute it anyhow he decides to. When the merit system was introduced, it was even airdropped to users based on just their activity, thus the forum can't run out of Smerits because it is easy for Theymos to create them. That aside anyway, there are merit sources whom Theymos allocates Smerits to per 30 days, and there is no dearth of quality posts in the forum, as such the merit system is still functioning as it should and it is going to continue in that way.

You made a suitable analogy with bitcoin. I would even say that Smerits has an endless emission, like fiat money or CBDC.

OP and other newcomers should not worry about the lack or shortage of Smerits. There will be enough for everyone, so try to make a feasible contribution to the forum and you will definitely be rewarded by the bitcointalk community, which will always have Smerits in stock.

Coyster

legendary

Activity: 2184

Merit: 1302

This is a non-issue, Smerits isn't like Bitcoin that has a capped supply, Tongue

Smerits can be generated by the admin anytime he wants to do it and he can distribute it anyhow he decides to. When the merit system was introduced, it was even airdropped to users based on just their activity, thus the forum can't run out of Smerits because it is easy for Theymos to create them. That aside anyway, there are merit sources whom Theymos allocates Smerits to per 30 days, and there is no dearth of quality posts in the forum, as such the merit system is still functioning as it should and it is going to continue in that way.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

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Quote from: Adams0001 on July 30, 2023, 09:09:34 AM

but what will happen if they don't share all the Smerit within the one month, will the Smerit collected back or it will get exhausted? what will happen to the Smerit?

AFAIK, talking about the merit sources sMerits they will not be carried forward for next cycle. Whenever the new cycle begin they will get the amount filled with what they are allocated for. sMerits are just numbers it can be increased or decreased by one tap if theymos wants too and since being a merit source is a voluntary job don't expect them to spent their hours to spend their allocated quota.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: Adams0001 on July 30, 2023, 09:09:34 AM

but what will happen if they don't share all the Smerit within the one month, will the Smerit collected back or it will get exhausted? what will happen to the Smerit?

If any merit sources get failed to distribute all the smerits they was assigned to, after the 30 days interval, their source merit will be reset and will be given allocation for new months. Theymos can assign merit source any time and can replace them if someone is inactive.
You should use the search option more frequently as this answers can be found easily, there are many discussions regarding this.

acroman08

legendary

Activity: 2520

Merit: 1113

I feel like the posts above are enough to answer your question.

anyway, just so you know members of the forum can apply to become merit sources themselves, and if you are curious what the requirements are, check this thread. just a note that just because you applied and are an established member of the forum, does not mean that you'll be chosen to become a merit source.

Adams0001

full member

Activity: 532

Merit: 181

Quote from: Little Mouse on July 30, 2023, 08:37:18 AM

There are some members called Merit Sources who can generate merits every month given by theymos. Right now, there are 109 merit sources and they can generate 33940 smerits each month. So, it's not going to be ended. Don't forget to calculate how many more smerits is going to be generated from 33940 when distributed.

Check merit stats here- https://bitcointalk.org/index.php?action=merit;stats=sources

Thank you for telling me how Smerit perform. Wow, that is very big amount of Smerits been distributed to the merit sources every month, and if they distribute all, that means they will be enough Smerit to share around the forum, but what will happen if they don't share all the Smerit within the one month, will the Smerit collected back or it will get exhausted? what will happen to the Smerit?

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: Nwada001 on July 30, 2023, 08:49:51 AM

That is nearly impossible, as already explained by the above members. Aside from the merits generated a month from merit sources, the Smerit gotten from other members who receive merits still generates a lot of smerit when they are being distributed. Just as you have also explained, if everyone is distributing their merit and not holding back, I believe that alone can go a long way compared to the amount that is being distributed by merit sources every now and then. It's nearly impossible, as all this possibility has been calculated in the past before the merit system was introduced.

I think without merit source being refilled with smerits, there is certainly a possibility of it been exhausted. Let take for example that only 100 smerits is available without any thing like merit source getting refilled then when this smerits is shared out only 50% of it will begets another Smerits (just like what cryptoadditchie said), in this case 50 left. If the circle continues like that just like halving we would eventually exhaust everything. So the merit from merit sources are actually what is keeping the whole thing from not getting any exhausted

cryptoaddictchie

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Merit: 1379

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If there are no merit resources then this could be possible in the long end of forum but thats gonna be impossible when a lot of merits can be distributed by merit sources in each day, week and months. I could run out of smerits but Im sure one day someone would give me back merits again to gain it. If its work like a token and coin with limited supply and with that burning ratio of 50% deducted per 1 merit then a shortage is possible and merits will be hard to earn and to give due to that.

Topic: What happens if all forum users exhaust their Smerits? - page 2. (Read 451 times)