The Bitcoin Talk merit system was introduced to help combat spam and inferior posting, and during the few months that it hs been in operation, it is having some success. I have read numerous posts and threads discussing the merit system, but I have yet to see a comprehensive description of its elements and operation. I hope that this article will help my readers to understand the merit structure. I am Jet Cash, and I am a merit source, I am in the list of top awarders of merit, and the list of top receivers.

Part of the confusions arises from the interchangeable use of the words 'merit' and 'sMerit', and I have replaced those with the words 'medal' and 'credit'. I feel that this makes the description of the system a far easier task. I have used some other words to describe components of the system, and these words are my creations, and they are not part of the official Bitcoin talk description.

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