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Topic: [ANN][KARM] Karma / ₭ / X11 - page 117. (Read 583254 times)

legendary
Activity: 1274
Merit: 1000
September 13, 2014, 12:18:00 AM
92 million coin or 92 billion coin will not change the fact that there are people who own %1-3  of total coins individually. Nothing will change.

these are your words and I agree with them. nothing will change so why waste valuable time an resources pushing for it?
the only result is that fewer people will be using the coin because some will be lost along the way.


the only thing that will change is that it will secure us the BTC market spot.

this is a completely unfounded statement.
the only thing that guarantees a spot on any exchange is volume and how likely the coin is to last into the future... not price.

if inexperienced people who are not economists keep messing with the internals of a crypto coin then by definition it is not likely to last very long.


your defending the coin structure of our coin that as it is now was created to be instamined. having billions of coin was made to be able to mine 100 mills of it to sell at 1 btc profit.

why are we 7 months later still holding tight to this bleeding settings.


hero member
Activity: 798
Merit: 1000
September 13, 2014, 12:04:08 AM
92 million coin or 92 billion coin will not change the fact that there are people who own %1-3  of total coins individually. Nothing will change.

these are your words and I agree with them. nothing will change so why waste valuable time an resources pushing for it?
the only result is that fewer people will be using the coin because some will be lost along the way.


the only thing that will change is that it will secure us the BTC market spot.

this is a completely unfounded statement.
the only thing that guarantees a spot on any exchange is volume and how likely the coin is to last into the future... not price.

if inexperienced people who are not economists keep messing with the internals of a crypto coin then by definition it is not likely to last very long.


going to 92 mills will not be an easy move. it will be the ultimate move. it will then be on top of the community to finally put up or let it die.

i have no intention to make the %1 bigger. that will be on the investors. they have a rich list to take note at. If they decide to give these whales buy volume then it will be on them.

Again this is another contradiction.. by scaremongering and claiming that a coin will die without drastic action all you are doing is shaking the weak hands so that they panic sell directly into the hands of whales.


I just want to give karma some more time and i am still a believer.

If you want to give karma some time then give it some time.. people should stop running around like chickens with their heads cut off and start working on projects that actually use karma.

What kosmost did by disbanding all work groups and hastily closing karmshares a week or so before the switch over from Mintpal to Moolah was an example of how rash and ill-considered action at the worst possible time can devastate a crypto coins value. Karma's place on Mintpal v2 was pretty much guaranteed until this massive shit fight that broke out in the community.

So why was there such a nasty backlash at what seemed like such a small issue? its because decisions were being taken that affected the entire community without proper community consultation.

what we need now is unity within the community and a strong inclusive decision making process not more people taking drastic action on their own.
legendary
Activity: 1274
Merit: 1000
September 12, 2014, 11:57:19 PM
i disagree.

92 million coin or 92 billion coin will not change the fact that there are people who own %1-3  of total coins individually. Nothing will change. the only thing that will change is that it will secure us the BTC market spot.

Investors will have to think twice about offering high prices just like they think twice now. it wont matter how many coins we will have. the whales will still own the same percentage. and they are sitting there looking for the right price to cash out.

please read the reddit post and replies i have made. i have given some lengthy explanations why i recommend cutting down the coins



going to 92 million coins will not mean that the trading volume will rise x100 fold. it will still have the same low trading volume . Maybe the first few days it will see a spike from the hype and mostly from people buying to sell on the hype. after that unless we have done some massive work we will still find ourselves with 1-2 btc volume of 24 hrs


This is not a move to give the bag holder more profit. this is to give karma some time.

i propose to punish both the traders and the miners. making it hard to day trade karma for profit or to think $50 is a good investment. Also looking forward to cut down the miners from mining our coins for profit.

even at this low price of our there still miners mining us to sell us.Most of the miners do not care about out coin and are mining us becuase its easy. million of coin a day.  

going to 92 mills will not be an easy move. it will be the ultimate move. it will then be on top of the community to finally put up or let it die.

My proposal would be to finally put the coins weight in the shoulders of the community. By having 92 mills coins it will give us some decent time before the coin crashes back to 1 satoshi. It will not mean 500 satoshis will be filled with 50 btc buy walls. it will still be the same weak trading volume.

We have to be aggressive. Either push to the limit or forget it. at this prices we are lingering. It will not die easy. $500 brings the coin back up to 70 litoshi. But what does that mean? nothing.

if a billionaire decided to sell 300 mills we're right back to 20 litoshi. We have no cushion. No real spread to afford the volatility

also buying at 20 litoshi and selling at 40 is a huge profit.  and it is easily done at this moment with $50.  

please read my post and comments.

i have no intention to make the %1 bigger. that will be on the investors. they have a rich list to take note at. If they decide to give these whales buy volume then it will be on them. I just want to give karma some more time and i am still a believer.



hero member
Activity: 798
Merit: 1000
September 12, 2014, 11:25:38 PM
No more catering to miners or investors. The primary focus is giving karma time

That is why i am few opinions away from pushing to change karma to a 92 million total coin


these two statements are completely contradictory.. reverse splitting a coin no matter how you do it is manipulating a coin to suit a particular agenda. abusing a coin in this way IS catering to the desires of investors and miners.

don't kid yourself.

the entire history of this coin should give you all the convincing you need that messing with the coins fundamentals only results in losing people.

this is what happened when the coin switched from Scrypt to X11. People initially thought it was a good idea.. but then began dumping after the initial hype wore off. The end result was very little gain and a lot of money and time wasted as well as people from the community being lost along the way.

As for the idea of relaunching a new Karma with fewer coins and getting people to move to the new blockchain,
if you want to see a clusterfuck in progress then just take a look at startcoin.
Relaunching an entirely new blockchain and trying to get people and exchanges to adopt the new blockchain has turned out to be a complete nightmare.

there is absolutely no evidence that reducing the number of total coins (no matter how you do it) provides any lasting benefit for a crypto coin.
on the contrary, the many coins that have tried have ALL failed, I have not seen one example where this has been done and actually added value to a coin.

this is because the people who call for these kinds of tricks are only doing it to benefit themselves and not addressing the real issue..
the real issue is how to grow a healthy and vibrant community. In my opinion the best way to do that is to avoid accusations of manipulation, scams and pump and dump schemes.

this is ultimately why Karmashares failed, because after all the hype, promises and press releases all that people got for investing their coins and hopes in Karmashares was a bad taste left in their mouths. And that bad taste led to a torrent of scam accusations, in-fighting and verbal abuse which drove the price through the floor.

to be quite frank and honest I am very tired of people bringing up the same old schemes to put lipsitck on a pig just make karma look attractive to buyers. if you want karma to be adopted by the mainstream then work towards growing the community organically and building services that people actually want to use and not trying to sell people coins they don't want or need.

I am working on ideas and services that will use karma but to be quite honest with you all.. the more you talk about messing with the coins internals the less I want to be involved and the more likely it will be that I launch my services on a more stable platform.

Kosmost may have not to lived up to the dreams and expectations of his own investors but he was right about one thing... this community spends way too much time focussed on how to get rich quick and not enough time focussed on growth, adoption and usability.
legendary
Activity: 1274
Merit: 1000
September 12, 2014, 10:51:40 PM
What this trello thing? I signed up for it, but there is nothing to see...

Same here... Trello is not very intuitive to use.

I think the boards are visible by invite only.
Who knows?


until we get more organized and familiarized with trello , everyone lets use what we have already . Reddit and IRC #karmacoin.

I just made a brand new post in reddit. http://www.reddit.com/r/KarmaTeam/comments/2g94e6/fixing_the_bleeding_of_karma/

I am seriously considering options of either finding a talent that can reverse split our coins or lunch a new coin with x100 less the total cap.

Share your thoughts everyone.

I agree that from an outside perspective your inflated token supply makes the coin largely irrelevant to chase.

You should absolutely consider a "coin recall" and reissue based on those who want to participate going forward.

I have some ideas about how this mindshare coin could be capitalized on, but I'm certain most of you won't like it...

-dvd

i don't see why you shouldn't share it none the less. if it is breakthrough then post it outside the BTT so no other coins steal it  Grin

Just a fair warning that i am after an aggressive re-construction of our coin. No more catering to miners or investors. The primary focus is giving karma time

a lot of people are too quick to judge a coin. a coins success needs tons of time. Look at bitcoin. years later and finally is gettign some attention

their implementation in ebay is a huge move. Soon enough every coin will benefit from it.

There fore time is what we need for karma now. As we stand we are loosing if not lost the BTc market. we have few people own billions of coins. When they decide to dump it will bring all our effort back down.

That is why i am few opinions away from pushing to change karma to a 92 million total coin
legendary
Activity: 1024
Merit: 1004
September 12, 2014, 10:18:51 PM
What this trello thing? I signed up for it, but there is nothing to see...

Same here... Trello is not very intuitive to use.

I think the boards are visible by invite only.
Who knows?


until we get more organized and familiarized with trello , everyone lets use what we have already . Reddit and IRC #karmacoin.

I just made a brand new post in reddit. http://www.reddit.com/r/KarmaTeam/comments/2g94e6/fixing_the_bleeding_of_karma/

I am seriously considering options of either finding a talent that can reverse split our coins or lunch a new coin with x100 less the total cap.

Share your thoughts everyone.

I agree that from an outside perspective your inflated token supply makes the coin largely irrelevant to chase.

You should absolutely consider a "coin recall" and reissue based on those who want to participate going forward.

I have some ideas about how this mindshare coin could be capitalized on, but I'm certain most of you won't like it...

-dvd
legendary
Activity: 1274
Merit: 1000
September 12, 2014, 08:11:34 PM
What this trello thing? I signed up for it, but there is nothing to see...

Same here... Trello is not very intuitive to use.

I think the boards are visible by invite only.
Who knows?


until we get more organized and familiarized with trello , everyone lets use what we have already . Reddit and IRC #karmacoin.

I just made a brand new post in reddit. http://www.reddit.com/r/KarmaTeam/comments/2g94e6/fixing_the_bleeding_of_karma/

I am seriously considering options of either finding a talent that can reverse split our coins or lunch a new coin with x100 less the total cap.

Share your thoughts everyone.
sr. member
Activity: 436
Merit: 250
September 12, 2014, 07:49:23 PM
What this trello thing? I signed up for it, but there is nothing to see...

Same here... Trello is not very intuitive to use.

I think the boards are visible by invite only.
Who knows?
sr. member
Activity: 448
Merit: 250
September 12, 2014, 07:18:05 PM
give the lead to the tipping app guys and support them. just my 2 cents
legendary
Activity: 1274
Merit: 1000
September 12, 2014, 06:46:14 PM
Where my karmanians at?

Lets get re-organized. for the people who have not joined trello yet. Do it. chop chop!  Grin

for those who can't.

What do you want to see karma to do next?
hero member
Activity: 560
Merit: 500
September 12, 2014, 02:34:57 PM

You can respond by saying to which group would you like to be added?

Developers?
Marketing?
Community?
or
Business Development/Budget?

Welcome again lemfuture.

What's  community group for?
legendary
Activity: 1274
Merit: 1000
September 12, 2014, 11:43:23 AM
check this:

http://explorer.karmacoin.me/address/KFz9bEkWJsNuNojopV78Z85ab8s1WRHnKr

someone owning 2.2 billion karm moved today 10 transactions and created 990 million Karm wallet.  If single person owns 2.2 billion this way, than do not be suprised when KARM get dumped this way. I only do not know why now. There were much better options 1 month ago, where there were bigger buy walls.

did we figure out it this is an address owned by a user or an exchange?
https://chainz.cryptoid.info/karm/address.dws?KFz9bEkWJsNuNojopV78Z85ab8s1WRHnKr.htm
hero member
Activity: 658
Merit: 500
September 12, 2014, 11:00:29 AM
Welcome to TWO-CHINESE-characters named community member to trello! Smiley
o.o ..idk how to respond to that

You can respond by saying to which group would you like to be added?

Developers?
Marketing?
Community?
or
Business Development/Budget?

Welcome again lemfuture.
hero member
Activity: 686
Merit: 500
September 12, 2014, 10:45:32 AM
Welcome to TWO-CHINESE-characters named community member to trello! Smiley
o.o ..idk how to respond to that
hero member
Activity: 658
Merit: 500
September 12, 2014, 10:44:12 AM
Welcome to TWO-CHINESE-characters named community member to trello! Smiley
hero member
Activity: 658
Merit: 500
September 12, 2014, 10:41:36 AM
Karma  could get delisted of CCEx on September 14th...................... 

Please, those who can make some trades with CCEX using KARMA, please do, we have to avoid this little bad press of being delisted...

They said that if some transaction happens they will not delist KARMA. Although we may not need it these days, it's still much better if we have more choices of exchanges to use.


BTW, I am currently in dialogue with several developer-candidates to develop API for Karma. So if you think you can handle this assignment, kindly speak up now, we prefer to have this done by a community member, rather than a person hired somewhere else.


-east
legendary
Activity: 938
Merit: 1000
September 12, 2014, 10:33:07 AM
Karma  could get delisted of CCEx on September 14th...................... 
hero member
Activity: 658
Merit: 500
September 12, 2014, 10:29:45 AM
What this trello thing? I signed up for it, but there is nothing to see...

Hi mashac, trello is a project management interface, so that we can collaborate on different mini tasks for Karma.

What do interest you?

What do you do well?

So we can add you to the proper groups and boards. Welcome to trello!
sr. member
Activity: 348
Merit: 250
September 12, 2014, 10:12:40 AM
What this trello thing? I signed up for it, but there is nothing to see...

https://trello.com/tour
hero member
Activity: 560
Merit: 500
September 12, 2014, 10:02:09 AM
What this trello thing? I signed up for it, but there is nothing to see...
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