[New "Karma swap" Proposal Below]
The ideas above seem very feasible. Thanks, Alphi and Bitwho for your input on that.
However, we all know that we don't have the resources to do those (preferred) things, which is why a few days ago I posted a plan to re-do the x11 wallet and pay for it myself.
I thought it would be best to re-do the current wallet with better specs. But when I saw how many bad coins there are just waiting in wallets (with the biggest wallet being a stolen exchange wallet that has recently had activity) I thought it was better to make a fresh start.
With limited resources, a platform made sense. Having researched all the platforms, I thought Ethereum made the most sense.
So considering our lack of resources I have the following proposal. It's probably stupid to some of you, but at this point we don't have much choice. (And again, only 7 pages of posts were written in the past 18 months. An average of one page every 2.5 months. Honestly, not much was happening before I showed up, and Bitwho still wants to hang on to the keys in case someone else wants to review the coin in 2018 or whenever.)
1) I will facilitate
a fresh start for Karma holders that don't mind up to half of our supply being stolen, in a new coin on the Ethereum blockchain that one could swap their Karma coin for at a rate of 100,000:1
1 million total coins, with whatever is left over being for sale on the open market.
2) The coin will be called Good Coin and represent all of the good things that can be done with cryptocurrency and keeping in line with Karma's original values. A fresh coin may make it easier for Karma swap holders to recover their investments, despite the possibility of lots of bad coins.
3) Users that have Karma would go to the [ANN] page to get the instructions on how to do the swap
4) The swap would be good for 3 months, starting from June 19, 2017
5) the user would set up a new wallet for the new coin with the instructions provided. (I will handle the wallet stuff.)
6) They would then send their Karma to a burn address, then post their transaction hash as a reply, as well as the amount of Karma sent.
7) A volunteer or two will be needed to put all of the replies into a simple spreadsheet. This person(s) will be the party solely responsible for the integrity of the swap.
There's no need to wait until the end of the period to get your Good Coins. First come, first served. The Good Coins will be sent within 48 hours of the transaction.
9) In the meanwhile, an exchange would be set up for Good Coin for everyone in crypto to buy/sell it
10) A volunteer will be needed to update the OP with information about Good Coin, where to buy it, how to mine it etc. The community would then begin to grow the coin and hopefully watch their coins grow substantially in value. With a very limited supply of coins, this could easily happen.
For those who say that is doesn't matter if billions of coins are in the swap, this is your chance to prove it.
(For mining, merged mining with Ethereum, with a block reward of
n. Someone would have to figure out the math. Right now the average block time is 15s
https://ethstats.net/ - see more historical info (and comparisons) at
https://bitinfocharts.com/comparison/confirmationtime-eth-doge.html It's about 2m blocks per year, so if we assume 5 years of mining then it could be 0.02 Good per Ethereum block found. We can provide this reward to anyone mining Ethereum. With no additional power needed to get the reward, miners may accept it and the distribution could be more even than it is now)
A fresh start, despite all of the bad coins that may be in the swap.
Like I said, perhaps it's a stupid idea but it's a thought. I also want to be able to swap my coins.