2 ms·
Merit == Value to others. Most of the time, that will require effort though.
by hnal943 14y ago
Merit == Value to others. Most of the time, that will require effort though.
- stcredzero 14y agoEffort is a multiplier. It's not a term. That's why "merit == effort" is a very bad idea without more elaboration. As mentioned in the recent Bitcoin thread, getting 1000 people together to dig a hole is costly, but not necessarily that valuable. The real trick is, exactly which hole, where and when. Depending on those factors, the hole could literally be worth nothing or worth millions. All things being equal, effort can well be a deciding multiplier, however.