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Showing 3 of 3 results by junnai189
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Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
junnai189
on 05/09/2018, 16:31:15 UTC
Is the plan for this project to be invite-only forever?  Or just for a limited period of time? 

I think we are all familiar with famous growth stories based on an invite-only model.  (Facebook, GMail, Pinterest, Spotify)

But, I think in all of the above cases, the product eventually CAME OUT of this invite-only stage and became publicly available. 

I'm not saying this is needed for Merit to be successful, but I'd like to understand if there is some plan for this.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]🚀🚀🚀Merit🚀🚀🚀[Proof-of-Growth][PoW][Vaults][Aliases][Escrow][No ICO]
by
junnai189
on 05/09/2018, 15:17:25 UTC
Woops -- I copy and pasted the wrong thing here, lol.

Will repost my question.
Post
Topic
Re: [ANN]🚀🚀Merit🚀🚀[Proof-of-Growth][PoW]Vaults][Aliases][Escrow][No ICO]
by
junnai189
on 05/09/2018, 01:35:11 UTC

Forgive me if I'm missing something, but how could you list an invite-only cryptocurrency just minutes after it was announced?

Something seems weird about this.

Can you explain a little bit more about how a user would buy MRT from your exchange, in DETAIL?

May be you do not see there Blockchain source code https://github.com/meritlabs/merit
They have option of invite-only/escrow/cancel only on web wallet but not in main blockchian, its basically not invite-only/escrow cryptocurrency, this feature only on there webwallet not in main blockchain.

It's in main blockchain, wallet needs to be beaconed before use, otherwise it's not possible to transfer Merits there.
Yes checked, means centralized system , we have delisted MRT
$ ./merit-cli keypoolrefill 500
error code: -20
error message:
Error: Wallet is not beaconed. Use referral code to beacon first.

The system is decentralized. There is nothing centralized about it. Invites are generated and distributed in a decentralized way. They are part of the protocol, not the lightwallet. There is no central authority who has an ability to create invites. All invites are generated part of the mining process. They are a currency and transferable just like MRT is.

If you want to list MRT on your exchange, I suggest to contact the core team if you need technical help. It's certainly possible, check out the market as an example. https://market.merit.me


Yeah, I definitely do no want to de-rail this ANN thread, because it seems that Merit has a lot of... Merit  Roll Eyes

But, I am a bit skeptical of this exchange (ProBit) posted by Radley.  Radley -- there were multiple users here giving their invite codes.  You didn't use one of those before you de-listed Merit?  

Also, how would you have sent MRT to users who bought from you if they were not invited?  I have to be honest, your exchange feels a little bit like a scam.  

Again, I do not want to derail the thread.  In the off chance that you actually *did* list Merit so quickly, that seems impressive.  Maybe you could point us to some proof that your exchange is real?