Quote from: KAMO287 on September 05, 2018, 02:58:03 PM

Quote from: farting_shot on September 05, 2018, 02:51:23 PM

Quote from: KAMO287 on September 04, 2018, 07:38:34 PM

Quote from: BitCoinsForGold on September 04, 2018, 07:30:14 PM

Rough timing to launch a new altcoin, but the project looks pretty interesting.

Can you explain a bit more about how this invite-only thing works? And how is it the foundation for proof-of-growth, as the ANN states?

The invites help drive proof of growth and other features of Merit.

So when a miner (using Proof of Work) finds a block, It has 20 Merit. 10 go to the miner for a reward, and 10 go into a lottery where the growth rewards are distributed. I can go into much more detail, but at a high level people also call it "growth Mining" kinda cool concept.

If you want to try it out let me know: https://wallet.merit.me/?invite=KAMO287

Is there an easy explanation for how the "Growth Lottery" happens? Is it based on global activity? Or just what a user does in the last block? (Which would only be in the last minute??) Or something else?

High Level- as you grow your community you get a "Community Growth Score" and that score allows for more attempts at the lottery (basically) - these rewards are payed out Per-block but not based on recent activity necessarily - just kinda a "hey you are all awesome and everyone gets a chance"

Every time a blocked is mined using Proof of Work - Proof of Growth kicks in too. 50/50 split of block rewards. -- Growth Lottery isnt directly tied to invite distribution either.

Hope that helps!

Quite interesting -- is there some simple explanation for how the community growth score (CGS) is calculated? If not, can someone point me to the section in the BluePaper about it?