Why haven't anyone created a crypto currency name Merit yet?

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: nutildah on June 18, 2023, 10:02:39 AM

OK done

Its a Dogecoin token named MERIT, made using Dogeparty.

Yes, I used DALL-E to make the image, so sue me.

It has a locked (non-inflatable) supply of 1,000. If you have a Dogecoin address to which you own the private key (seed phrase not good enough) or even better want to create your own Dogewallet, I will send you 10.

Not interested in selling MERITs but if you are a decent poster I'll give you some for free. Cheesy

Nobody wants 10 free MERITs? All you have to do is PM me a Dogecoin address as described in the post above.

Cmon guys I'll hand em out to you and then you can promote some kind of campaign and sell them for massive profits (not involving me because I'm too lazy).

Eventually 1 MERIT = 1,000 DOGE, that's the goal because why not. MERIT to the moooon!!

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: abel1337 on June 17, 2023, 02:47:20 PM

I think it's not a good name for a project that has a real goal in their plans. The person who decide to create a real project absolutely has a name in mind on what kind of project name that the world will be known with their project goals but unfortunately no one would choose the name merit as a name knowing that merit is a name that you will think of something else after being mentioned. Unlike shitcoins, real projects thinks their name carefully and do have meanings on how they ended up with that name. We should wait for the day that someone will create a meaningful project that carries the name merit.

OP mentioned users in our forum and he is aware about the merit system here so maybe this is what he get the idea. I also read a reply about a user who hoard/hodl merits. If that is only a coin they are holding and its name was merit, maybe it can give them a fortune later on Cheesy

because merits are also scarce in our forum. But, maybe it will be treated more like a meme coin and not a serious project.

There must be a serious project out there whose name is not that great and not totally related to their project. I wouldn't blame them because it's really hard to think outside the box and they already stressed their minds in creating the project as a whole.

gurunanakji777

full member

Activity: 2184

Merit: 100

SOL.BIOKRIPT.COM

According to my perspective, the success of an altcoin is not determined by its name. The absence of a cryptocurrency named Merit thus far does not hold any substantial reason. If the name alone dictated success, numerous individuals would have profited simply by naming their cryptocurrency after Ethereum or Bitcoin. Consequently, I believe that the name itself carries little significance as long as the developers possess the necessary skills, the community is robust, and all these factors converge to guarantee the project's success.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

Well first of all i think that the name Merit is actually a pretty good one, not only because of the role of merit in this forum but also because the word is associated with very positive things in general. The thing is though that a good and catchy name alone is just not enough because then you only have another useless meme coin that is dead again within a few days. So you really need a good concept for your token too in order to create organic demand. That is the hard thing.

devil-soul

member

Activity: 190

Merit: 14

For Rent

I think it wouldn't be a bad idea to create an altcoin named merit even if it wouldn't have practical uses, already the fact of associating it with a prestigious forum like this would give it some value

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

There are a lot of things to put into consideration when before creating a cryptocurrency apart from the project concept, purpose, blockchain platform, tokenomic, consensus mechanism and use case.
The website and the brand name are also very important with my research I believe the domain to the name you mentioned is already occupied by some projects who are not related to crypto and related to crypto therefore the idea of choosing the name is not a good idea.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: QueenVera on June 19, 2023, 05:22:10 AM

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

What'll be the purpose of the token, merits are only valuable on the forum and useless outside the forum therefore I didn't see an reason why we need a token that can't be used on the forum called merits. The forum is a Bitcoin forum and that's the only acceptable coin here. Unless you're talking about just a meme coin then that's understandable
If you were to create a meme coin names merits, you'll need lots of marketing and publicity to get the community to accept it. Memecoins like Shiba Inu and Pepe coin did lots of marketing in thousands of dollars been spent to get to where they're today among the top traded coins and have lost of marketcap above other well known projects in the market.
If you're looking for coins to invest for the next bull market then search for coins with fundamentals and not those getting hypes. Any tokens called merits that's exiting or that'll exist in the future should be avoided because they're not in affiliate with the forum. Most high ranked accounts on the forum hate altcoins and won't want anything to do with altcoins.

though the population of forum users is big, it is not justifiable to create one as you need to consider about its long-term usage. and that will confine its usage to the forum unless, the team that will create will find a way how to market it outside the forum and find a good use case. even if there are so many developers of coin in this forum, they need a tangible reason why they want to create the project itself. also, the funds to sustain the project is the usual bottleneck of any project. you can't expect that you will earn outright upon launching your project. this is why a lot are getting abandoned because they don't have the resources to push thru their developments.

JeffBrad12

hero member

Activity: 2926

Merit: 533

Leading Crypto Sports Betting & Casino Platform

you need to first create meme coin with merit name and then if it hits popularity the other will follow.
the pattern is always new coins following the already existing meme coins that gained massive popularity and thats it.
moreover the name merit doesn't seem that interesting for a coin honestly, and why should it be named merit is still honestly beyond me, it just doesn't feel right.

Quote from: wxa7115 on June 19, 2023, 02:16:50 AM

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

You are underestimating those scammers, if there is not a popular coin with the name “merit” right now is simply because they could never make such coin to become popular, not because those scammers did not try to take advantage of every single thing, as they always do.

Now about the merits of a “merit” coin, I disagree with you, there is not a single reason why a coin like that should exist and the only ones stand to benefit from such coin are its creators and no one else.

true, there's just no benefits at all, why focused in name instead of functionality, if its just name everyone could literally deploy the same token over and over again but what matters most is the functionality and innovation.

QueenVera

hero member

Activity: 1106

Merit: 570

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

What'll be the purpose of the token, merits are only valuable on the forum and useless outside the forum therefore I didn't see an reason why we need a token that can't be used on the forum called merits. The forum is a Bitcoin forum and that's the only acceptable coin here. Unless you're talking about just a meme coin then that's understandable
If you were to create a meme coin names merits, you'll need lots of marketing and publicity to get the community to accept it. Memecoins like Shiba Inu and Pepe coin did lots of marketing in thousands of dollars been spent to get to where they're today among the top traded coins and have lost of marketcap above other well known projects in the market.
If you're looking for coins to invest for the next bull market then search for coins with fundamentals and not those getting hypes. Any tokens called merits that's exiting or that'll exist in the future should be avoided because they're not in affiliate with the forum. Most high ranked accounts on the forum hate altcoins and won't want anything to do with altcoins.

radjie

sr. member

Activity: 1792

Merit: 264

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

The name may be quite familiar with this forum, but it is not necessarily attractive to investors because the token marketing target that has just been launched by the developer managing the new project is of course not only in this forum but on various social media. Of course, the unique name regarding the purpose of the token must be adjusted so that it can attract a lot of investors in various circles of society so that it doesn't become a joke coin that won't last long

hitsnorth

jr. member

Activity: 145

Merit: 1

Then do it yourself. But I don't see huge potential in it, it would be understood only by users of this forum, and I don't really know what actual use you could make from this coin besides memes and all.

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

This community is for Bitcoin, and they won't going to create their coin because they are supported Bitcoin purely from the day this forum was created until now. Even though many altcoins have been made throughout these years, the admin and the veteran users don't want to have their coin in this community and want to stay like that until now. Most users assume that they are incapable of doing so; they are wrong because the famous users that we currently have in this community are monstrously knowledgeable about crypto, and they can create it quickly and promote it effectively in just a short period.

wxa7115

hero member

Activity: 2702

Merit: 704

Bitcoin is GOD

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

You are underestimating those scammers, if there is not a popular coin with the name “merit” right now is simply because they could never make such coin to become popular, not because those scammers did not try to take advantage of every single thing, as they always do.

Now about the merits of a “merit” coin, I disagree with you, there is not a single reason why a coin like that should exist and the only ones stand to benefit from such coin are its creators and no one else.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: CYBER_COWBOY on June 16, 2023, 04:47:08 PM

Lately i been looking into altcoins more and more since I have got some more money in my life and want to make more investments then only in BTC.
One thing I was wondering is why nobody yet have created a crypto currency under the name "Merit" yet.

it's many smart people on this forum with a lot of knowledge about things like this and I think it could be a good currency to create.

I don't believe that no one tried it, it probably didn't make it and that is why we don't know if anyone used that name or not because only the projects that gain significant success appear to the audience and not just tokens with a name and no actual project or proper planning or anything. If a team decides to create a project that serves a purpose where they can use the name Merit, they would probably go for it.

A suggestion for you since you have money and looking to invest in altcoins, if you love the money that you have and don't want to waste it, don't go for newly launched coins or tokens unless you have confident that they are backed with a strong project with a strong team and good fundamentals.

nutildah

legendary

Activity: 3010

Merit: 8114

OK done

Its a Dogecoin token named MERIT, made using Dogeparty.

Yes, I used DALL-E to make the image, so sue me.

It has a locked (non-inflatable) supply of 1,000. If you have a Dogecoin address to which you own the private key (seed phrase not good enough) or even better want to create your own Dogewallet, I will send you 10.

Not interested in selling MERITs but if you are a decent poster I'll give you some for free. Cheesy

Xal0lex

staff

Activity: 2436

Merit: 2347

Quote from: abel1337 on June 17, 2023, 02:47:20 PM

I think it's not a good name for a project that has a real goal in their plans. The person who decide to create a real project absolutely has a name in mind on what kind of project name that the world will be known with their project goals but unfortunately no one would choose the name merit as a name knowing that merit is a name that you will think of something else after being mentioned. Unlike shitcoins, real projects thinks their name carefully and do have meanings on how they ended up with that name. We should wait for the day that someone will create a meaningful project that carries the name merit.

What difference does it make what name a project has if it does not have a strong team, investors, and a workable product. These are the things that determine the long-term life and value of an altcoin, not its name. Another thing is that a project with such a name can be valuable if some famous funds invest in it at the seed stage and can be useless if this project will have a low capitalization and will be traded on some pancakeswap.

Sarah Azhari

hero member

Activity: 868

Merit: 737

Quote from: CYBER_COWBOY on June 17, 2023, 09:50:47 AM

Yes exactly

An idea like creating a Merit cryptocurrency and for it to grow and start somewhere, people on the forum could get some coins based on how much merit their account have, then they could if they want share it with friends and family and make it grow more and more.

Because bitcointalk is a Bitcoin forum, not an altcoin forum, I think it is impossible to create a reward "merit" coin as your suggested. You have to know some time ago, many members focus to get altcoins here and follow the bounty to get reward tokens. But, it was only for a moment, after that, the token they got becomes useless and don't have value on the market. Then, after that incident, many of them migrate from token hunter to bitcoin hunter. This indicates, that a token, whatever that name like "merit" is more unstable than Bitcoin.

Stalker22

legendary

Activity: 1526

Merit: 1359

Quote from: wheelz1200 on June 17, 2023, 05:01:38 PM

I don't really understand this comment or post? Are people down to just looking at coin names at this point? What's the difference if something is called merit, tree, Bob, etc. It's just a name. I would counter with I can't believe people made coins with some of the crazy names they called them. It's about the underlying project behind it though right?

Oh, the wonders of this new generation of crypto enthusiasts and their obsession with meme coins! It is truly fascinating how they went wild for Dogecoin, Shiba Inu, Pepe, and now they are desperately scheming to create the next "groundbreaking" shitcoin that will magically transform them into overnight millionaires and internet sensations. The lengths they will go to in their pursuit of fame and fortune are simply awe-inspiring.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: wheelz1200 on June 17, 2023, 05:01:38 PM

I don't really understand this comment or post? Are people down to just looking at coin names at this point? What's the difference if something is called merit, tree, Bob, etc. It's just a name. I would counter with I can't believe people made coins with some of the crazy names they called them. It's about the underlying project behind it though right?

thats what baffles me, i mean good naming for altcoins could help people recognize the coin instantly and remember it but honestly when it comes to some random coin
it's as good as some unique id and identifier, because their name exist so that they could be used for ticker.
though i might be wrong but just picking whatever sounds good will suffice, other than that devs should be more focused on what they truly offers maybe revolutionary smart contract blockchain that have
really good scalability or something like that instead of just merely a name.

kamvreto

legendary

Activity: 1946

Merit: 1157

MAaaN...!! CUT THAT STUPID SHIT

Quote from: bittick on June 17, 2023, 07:05:32 PM

Quote from: wheelz1200 on June 17, 2023, 05:01:38 PM

I don't really understand this comment or post? Are people down to just looking at coin names at this point? What's the difference if something is called merit, tree, Bob, etc. It's just a name. I would counter with I can't believe people made coins with some of the crazy names they called them. It's about the underlying project behind it though right?

well some people are interested solely by name, you can say it's the same like meme coin trend where you just have better name than the others will means that you might be more succesful.
though i'd agree that these naming are just some nonsense if there's fundamental.

Naming that capitalizes on a particular moment is just bullshit, it will only work in the short term and will be abandoned when the hype is over. The trend of meme coins really illustrates this, where many meme coins appear with various names and in the end only the main meme coins can survive. even the same name appears on all Blockchain networks.
in the end this kind of coin is just a pump and dump practice and will hurt a lot of people, not for the long term because it will just be abandoned without further development.

Topic: Why haven't anyone created a crypto currency name Merit yet? (Read 358 times)