Jun 22, · Bitcointalk is one of the most popular discussion channel for Bitcoin, Cryptocurrencies and ICOs. However sadly it’s also corrupted. Unlike Bitcoin itself Bitcoitalk is centralized, open, nor transparent. It’s controlled by early Bitcoin fanatics who favor cronyism and enforce it by infamous rating system known as Trust and Merit. BitcoinTrust is a unified ecosystem that makes it possible for people to easily use cryptocurrency in order to improve their lifestyle and acquire products and services WHY TRUST IN BITCOINTRUST: The mining (Stake) model in your main wallet. The commercial and financial ecosystem that surrounds it. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.
Bitcointalk trust systemWhat is affcrypto.de? | affcrypto.de
Bitcointalk is full cronyism that is. It really does not matter what kind of account you hold except for 2 things. Full Member, Hero or Legendary account hold all special rights on Bitcoitalk. In order to become one of them you need to have Merit. The whole system Trust and Merit is maintained by these same accounts of old Bitcointalk users who have all the power, and do not want to spread it equally with all the other users. You can only give Merit to other users if you have received it from someone else.
So new users either have no Merit or have it at terrible ration of below Therefore new users have almost no chance in getting Full Member or better status. This may seem as a good system to warn people of scammers, however old Bitcointalk users have found a way to poison this as well. Not all votes are equal. Or more simply put: the votes of old users who have Full Member, Hero or Legendary account ad up to total Trust score, however, the votes of all other normal users do not.
This means that old members can easily spam you with fake negative Trust scores bringing it to sub zero, which they do, but if you give them negative review, it will not effect their Trust score. Users can either trade Merit send it to each other or buy old accounts of people who no longer use Bitcointalk and want to sell them.
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