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Showing 4 of 4 results by Drewbix
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Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
Drewbix
on 05/09/2018, 02:31:46 UTC
Interesting concept.  I have a LOT of questions.  I am going to start with the most pressing ones.

Where do the invite tokens actually come from? It seems like I need an invite token to actually activate my wallet.  Though it seems like the key generation was actually done before receiving the token -- at least I got my seed already.  Are these tokens coming from the Merit foundation?  If so, isn't that a tad centralized?

How long has this project been in development? The roadmap says that the first release was December 2017, but I see 30k commits on Github.  When did you actually BEGIN development?


1. Invite tokens are randomly distributed and awarded for mining. Additionally, I think that when you first get an invite, they now give a free additional invite token.
Previously, the mining pool did not distribute invites that were mined using it, but they have changed that and now distribute them to members of the pool.

Yes, you do need an invite token to activate the wallet. I would suggest checking out the discord, its pretty active and a great place to check out if you are looking for invites or more information.

2. I'm not sure when the project started exactly, but I discovered them back in March. At that point the number of people mining on the pool and the community was pretty small, maybe 100 or so, since then it has increased a lot. You'll have to ask someone else for a more detailed answer, but December 2017 sounds about right, they are VERY active with their updates.


The ease of mining was really great for a relatively non-tech-savvy person like me, and I was even able to get my Crypto-Noob friends to start mining.

They also are really actively making updates and are pretty open about discussing all aspects of the project, even the current negatives.


Feel free to use my invite code if you are interested in joining: Crypto
https://wallet.merit.me/?invite=Crypto

I can send you a couple MRT to play around with

P.S. Grab the good Aliases while they are still available!
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY] LIBERDY - RECLAIM YOUR DATA
by
Drewbix
on 11/05/2018, 16:57:06 UTC
Post
Topic
Board Speculation (Altcoins)
Re: Which cryptocurrency is best to buy today?
by
Drewbix
on 11/01/2018, 03:53:56 UTC
It kinda depends on how much money you have to invest. If its a small amount I would say its best to stick to low market cap coins outside the top 100, which most likely have a chance of doing a 10x in growth or more.

My top mid to long term suggestions are XRB (Raiblocks) and NEO. I think that both of these coins have the potential to reach a $10-20 billion market cap, as they both have clear functions, fast/cheap transfer for XRB and smart contracts for NEO.

NEO has been my go-to suggestion for newbies for the past 3-4 months, because it does everything ETH can do, except better. The only advantages that ETH has over NEO right now are name recognition, better decentralization, and cheaper smart contracts (which is where ERC20 has more scam coins). However, NEO beats ETH in transaction speed and cost, not relying on PoW, and many more options for coding languages.

I could easily See Neo hit $300 this year, and XRB to $100
Post
Topic
Board Beginners & Help
Re: Best amount to risk for a beginner
by
Drewbix
on 10/01/2018, 04:27:58 UTC
As others have said, only risk what you are willing to lose. But anywhere from $100-$1000 would be a great initial investment, as long as you don't want to buy bitcoin (because the transfer fees would eat way at your initial deposit).

I'm currently using Kucoin and Binance as my main exchanges, they have good liquidity, and a lot of decent coins. As for coin recommendations, I would suggest Deepbrain Chain (DBC), Oyster Pearl (PRL), Raiblocks (XRB) and NEO. All of which are available on Kucoin. Please research them more yourself, but I think all have the potential to at least double in value in the next few months.

If you want anymore details, just let me know.