Post
Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
CryptoRobert
on 02/11/2018, 11:55:42 UTC
I have joined the Merit network since the idea is in itself quite mind boggling. The mission of achieving a more effective decentralization than most of the other coins out there through a system of invitations is great.
However after having joined the network I'm having a few doubts. First I had to beg for a few invitations which I could use to convalidate the invitations I would make for my friends. Then, once I've finally managed to invite two friends whom I could validate, now I am unable to supply them with invitations that THEY can use if the want to invite anyone. In other words, the growth of the network in my direction is stuck and so it will probably stay, since we won't spend our time begging for more invitations because we are not beggars, and if it has happened to me and my friends that would probably apply to most of newcomers. Of course, beggars will possibly succeed in getting more invitations, in which case the system is likely to select a population of beggars, not the kind of community I'd like to be part of.
This means that once again early adopters got too much advantage over later adopters, which is the same paradigm of Bitcoin and the other coins - in other words the mission of a better decentralization will probably not be achieved by Merit either.
If I'm wrong I'd like to hear why. If there is no smooth way to allow me and others to perform the "Proof of Growth" without having to beg, then such growth simply won't happen.

Great points! And you are right about the current difficulty's of merit invites. Have you seen this overview video?

https://youtu.be/KrPVbkJ1IZo

I don't think you need to beg to get free invites. Did you ask the person who invited you? Or did you ask on discord? Many of us hand out invites to those who need it for free!

When it comes to getting them on your own, the best place for a casual miner would be to pool mine in the parachute pool. Invites are not distributed by hash power. If you're a serious miner you shouldn't have any issues getting invites from any pool.

I hope that helps explain a few other ways. Invites shouldn't be too easy to get though!

Weeks have passed and "without begging" for merits I'm stuck, which raises in me some major questions about the functionality of this system. Yes, true, I've got 3 invites from the person who has first invited me and I've used them to invite friends, to whom of course I'm now unable to give any invites to help them grow the network since I have none any more. So that's a dead end, since we're not miners. My friends already forgot about this project and soon will I too.
Joined Merit 3-4 months back. Never had to "beg" for INVs ever. The reason for this being, I "mine" in the Parachute Pool. To be honest, I can't PoW mine much because of limited hardware (I have an ageing CPU for crypto work). Most mining pools distribute their own MRTs and INVs based on the hash contributed by a miner. Parachute Pool has taken a different way to distribute its MRTs and INVs. They also consider if you helped folks on Telegram, been active in the community, invited others etc. Every single factor makes you eligible for the pool MRT and INV distribution at month end. Though, people who tick more boxes get more. But everybody qualifies for some MRT and INV even if they satisfy only a few conditions. More information on the pools here: https://merit.disifi.com/pools

I will give a look at Parachute Pool. I've also made a little try to mine with my very limited resources since indeed the wallet seems very friendly for doing that, but the wallet didn't detect in my system any GPU card it could mine with, and I have a 1060 nvidia card. Which could be the reason for that?