Topic: [ANN][KARM] Karma / ₭ / X11 - page 161. (Read 583254 times)

Yeah, crazy. Especially considering the 1 person I dealt with doesn't even wake up for less than 7 figures. Not everyone gets excited by a few thousand dollars, or even tens of thousands. These are people who reach in their wallet for a tip without looking at what they're picking out, or don't ask for the price when ordering a bottle of wine off the menu. Totally different kind of thinking going on there.

And at the end of the day, 99.999% of the population doesn't give a rat's bottom about cryptocurrency other than Bitcoin. Hopefully that will change, but that's the current reality.

But thanks for the colorful bit of imagination!

dear ptman.
i have just recently started a collaboration dev group. i msged you in here and in the karmashare forum. that is exactly why i created that group. Coding is better if you have people to talk to . we're looking for people uniting to work on karma. you were invited since almost a week.  http://karmashares.com/forums/index.php?topic=577.new#new

check your pms
: )

Imagine how I feel

We've already tried bounties. They don't seem to work. Remember when I created bounties for individual tasks? (We were still having trouble finding people to lift a finger even back then) Not a single person responded, and there were several bounties going. These were simple things that just about anyone could do, not coding-specific. And it wasn't the first time we did something like that.

Whenever I hear that people can't help because they can't code I do a mental facepalm. You don't need to code in order to help. It's just a lousy excuse, really.

I could have easily said the same thing, and it would be true. I do not code. But I just figured out how to do what needed to be done because I care that much about Karma (Lill was the first website I needed coding help on). Install a database? Done! Make some graphics? Done! Write some text? Done! See how easy Google+Desire can be? All that and 8+ hours of sleep and a full-time job, gf, and social life! Wow.. imagine what others can do?

Coding is not the only thing that needs to be done.

There is planning, marketing, networking, researching, writing, etc., etc., etc

Perhaps I will just do what everyone else does?

I for one was all about let them say what they want and i will slowly and calmly show them that they are wrong. But recently i can't seem to find a way to start to explain a basic accusation of some one saying "scam!"  When a person doesn't provide proof or a theory why he feels this is scam then i can not provide argument base to that conversation.

If some one makes personal insults , well that will show their level of communicating.

Life is not black and white so i dont think we should control this. I would hope the community would unite together and point out the facts why this person is behaving irrational.

To me Code of Conduct was not created to  punish some one on their first account but to give us some basic and common agreement how to deal with some one who is constantly abusing them.

people have heated discussions.They loose the moment and say insulting words. Our job as a community is to let them know that they are crossing the line. We are not a nany state. if they want to go at it with name caling them they should be urged to take it private by PMs or what ever.

I would urge the community to get involved and calm everyone. Dont wait for some one like Kosmost to come and deal with it. Kosmost time is precious and it should not be spend typing paragraphs or paragraphs why some one should stop behaving.


As far as FUD. FUD is not tolerance. anything FUD should be removed completely.

things like " karma is dead!"  is considered FUD and should be removed immediately. it is baseless and fact less accusation. its negative and could hurt investors. On the other hand things like "Karma is going to the moon!" will be allowed not because it profits us but it a harmless sentimentalization. No investor is going to panic sell to that. Topic like " karma is going to blow in two days!!" is considered FUDish. unless you word it as a form of an opinion or questions specific actions about something. example  " is karma going to blow in two day?"  would be okay.

Unlike personal attacks. a FUD topic could hurt tons of people and it needs to be removed.


that is my opinion in regard the karma share forum. regarding the forum here we can not control this. we can only unite and a communirt and bury the FUD comments down.

We're talking about helping Karma  not Karmashares.

And may I ask why you get the impression that I "want to be the leader"? I see myself as someone who just tries to do what needs to be done and take action. But of course we would not want to take action alone.

OK. i'll bite. i am replying because i would like to share my thoughts with you.I want everyone to know that i stand behind the team and unless we hire some licensed SEC lawyer then i would not push for any POC solution . At this moment i personally consider POC terminated and on hold until it is legally cleared to offered.

Now to you reply:
please break it down a bit clearly not sure i understand it whole.

from what i do understand , here are my thoughts.

i can't agree with 75 millions. its too much. our aim is to reach minimum 500 sat price. at 10 satoshis this would be 7.5 btc worth to invest. its too much. but the public can vote on that. so we can have a general public consensus

i would like a period of 3 months or more. I also remember reading some one suggesting linear growth payments. Instead of getting the share point all at once. let say those 75 mills. some one hold them in POC then they would get %10 of the shares a week. So first day 75,000,000 x (1/1000)(x %10) , next week 75,000,000 x (1/1000)(x %20) and so one. POC was not created so anyone outside the LLC could benefit equally. it was created so we do not let non LLC members out of the loop. It was a way to provide them one more option then just trading the coins for BTC or LTC. We gave them an option to also be able to hold them for some gains. because by holding them you are helping the LLC buy not selling your coins killing the price. by not aiding in killing the momentum as reward you will receive some profit gains. In no way was there a plan to make POC holder to get equal rights to the LLC.

the LLC was created to be exclusive to who believed in the team and wanted karma to succeed. i think people should thank Kosmost for making the POC x1 rate. i think that is generous of him. : )

Im not blaming them, the accusations were harsh. But they will read this i think and they should know that the people now active here, have full on trust in the devs and we want to help karma. You people are tne ones who know best what needs to be done, we are here to help execute it:).
So whenever you are ready for it, lead us.

im sorry you felt this way. Usually the team is friendly and very open to talk about everything.

Remember that we just went through some rough drama regarding POC and SEC and now Lill.com deal.  Me Kosmot & Shawn were the first wave from the beginning when decided to take it over and start plans to actual doing something to change the fate of this coin. that was many months ago. shortly few day after more people joined. People on our team who post here have been with us for months. This is not about me say they are exhausted , cuz they are. but they still show up everyday . But i would understand why the silence recently. Why wouldn't they ,when all of the sudden the community is allowing some people here to bluntly start calling out scam and other accusation towards the team it make sense that they all have stopped responding here altogether. Now that the storm is over i am sure more will start being more active here

Nothing has changed on the back ground. Just there was is no point to post anything because words would been twisted and thrown right back at them

Guys, guys, this is to the past. No one believes it. Forget it. Let`s think of something wise with no speculations. Actually bitwho, I am really curious to find out what Karma team members think about my proposals for penalty mechanism and updated PoC model. Be acerbic about them please. 

https://bitcointalksearch.org/topic/m.8650222

https://bitcointalksearch.org/topic/m.8650705

It would not make sense to be inside trading from the VC. The VC wanted the search engine and the lill.com name domain. Kosmost never showed that VC was into Cryptocoins. even if they were. there were no trace volume of billion of karma bought at the prices before the deal. during the deal and just before the deal.

Since we have no other information all we can say at best it was some one who just decided to cash out , carelessly of gain.

the only extreme but would make sense somewhat economically the person dumped could have been some one who mined karma from the beginning and also bought when karma was at 14 litoshi levels. Cashing out from some gains and being done with karma

lets not waste anymore effort in speculations. the dump proved that some could crush the price down , and it proved that karmanins could handle that dump amount so far.

Unfortunatelly , the psychological effect is that people got a test of the 30 litoshi price and think they can sell at 80 litoshi with gain. also buyers dont feel like they miss the train if they place their order much lower then 120 litoshi level we had stabilized days before the dump. this will take some time to recover back up because who bought back at 30 litoshi will gladly sell back at 90 litoshis. eventually those coins will spread back around and then it will become hard to buy coin at such low prices and the buyers will start raising their buy in prices

Securing again BTC market was huge step. I am not sure now that Karma will not be delisted for second time. When denominating discussion was raised I was surprised why people didn`t thought about that. Why are all thinking about now, instead of tomorrow and without remembering what was yesterday? I am still strong denomination supporter, but I think we lost momentum with X11 transition. Also I am not sure what will happen if the change is not made on pure technical level without prompting for coin holders action. Actually I am quite sure that a mess will be made. Don`t forget that the majority of coin holders doesn`t even know what and how many coins they hold.
About current plans - from my experience with many coins I can draw a simple model which action what kind of gain have and how quick the effect appeared. It is actually valid for all those who have long time experience with bitcoin. Doesn`t need to follow 80-100 coins.
1. Create a coin - some value. If it is a new algo - bigger value. If it is a new less power consuming algo - the better. (Karma have good X11 algo which is no innovation, but less power consuming)
2. Create awareness - not very difficult, but time consuming and valuable. (I think we are totally failing here. If we all make posts in twitter, Facebook, G+ and forums every day, the value will definitely raise. And this is value, not the price. If more people are aware of Karma, the bigger will be the chance for somebody talented to come and do something valuable. So think about this like talent hunting program)
3. Make technical innovation - very valuable and the effect on the price comes quickly, but not steady. (I don`t recall such think in Karma ecosystem)
4. Do real integration with other services, sites, merchants, etc. - very difficult, time consuming and not exactly returning steady value and effect on awareness and price. (I am not sure if Karma has such integration)
5. Build real projects - very difficult and time consuming (Several coins has this and the value is big. Karma still have one big project with good potential and someday I am sure it will bring value)
6. Make coin to be taken as equal and even better than fiat. (No one did it. Karma is struggling to achieve this and maybe it will happen in several years).

So, everything is ahead of us and it will be exciting to see what will happen.

sorry, was away. Lets carry on this discussion in the forum. Bierworst rightfully said that the btt is not the right format. Actually, this here is just for chatting. If you want to structure a task or organize people you should use reddit and if even more structure is needed use the forum!
we need to port Karma to bitcoinj which has not be tried as socoban stated that there are some parts in the karma (wallet) code which are not documented. Please open a thread in the forum and we can start to discuss is there without the btt noise. Looking forward.

6 billion coins where dumped. If the price would have gone up so we bad a marketcap as much as the possible deal (2.4 mill) he would have gotten 240.000$, still weird?

True, but there has to be action, action is louder than words. But im saying it again, i guess my help is not needed as i say i want to help but i cant program, but nobody wants me

No offense, but It is ridiculous to think that somebody with 10 of millions will play chicken shit with Karma for several thousand dollars. This is absurd. Serious people with serious money are thinking and playing big. BTW, this is one of the reasons that Karma is happy to have kosmost. He is thinking and playing big. This is talent. We can not learn how to do it. And let`s put this deal behind and look forward. This was 2-3 days ago and I already forgot it. 2-3 days in crypto is huge.

And shall i tell you about that big dump? I believe it was the company Kosmost negotiated with, they knew about Karma and they bought Karma, when they noticed kosmost was not going to sign the deal, they dumped everything, they thought they could get kosmost, lill and a big piece of their investment back by buying karmacoin and selling it on the news. Im crazy eh?

My personal opinion is that Karma spiked to 600 because of Mintpal inside trading before opening BTC market and no one can make me believe other way around. I saw this 10`s of times. Previous owners did it all the time. Before they launch a new coin, buying orders are already up. And I mean at 6-7 levels. So these was their job IMO. The natural healthy price for Karma was 250-260 litoshi.

Bitwho, you have no idea how glad i am somebody is talking to me...
I want to help Karma next to my study, i have the intelligence but i have zero programming skills and about 10% computer knowledge.
I bought Karma back in april or so? And i saw it go from 20 to 600 litoshi and back to 10 in a dump, and to me, it means something that i still believe in Karma.
So is there any wish for me in any way... 

remember thought. we were getting more then half of people voting and commenting on us not to do it at that time.

also the reserve split being brought up is my personal opinion. not the teams. Just want to clarify that. dont want to bring any misleading statements.

just trying to say we there might be options to softer the cushion so next time some one dumps billions of coins they would had to think twice and the price would not dip us back to litoshi levels.

in no way or how is the split would equate to 1000 more volume. we could have the split and still have the same $2 mill cap volume
what brings in actual volume would be big project like bringing karma to philiphines and IPOCS like lill.com

Split reverse will only help us to stay above high satoshis or in simple word secure our spot long enough until we start accomplish the real life goals.

edit: split reverse would not stop people from taking advantage of our news like they do now. they can still abuse us , but they would have to use more money (minimizing any small timers ) and if they sell they would still not hurt us bad enough to fear loss of btc market.

Yeah, im constantly posting about that there should be a clear overview of who wants to do what or who is doing what. But there is no response at all, even if i ask people who are already coding something what they are doing, no response at all.
But yeah i dont know enough about crypto's to point out what has to be done, i can brainstorm and i can assign tasks if people would just email or pm their abilities to someone. And then the karma team would decide what to give as a bounty on the amount of work that has be done, proof of working on it receive 20% of the bounty. Finnish the task get the 100%

i personally would love to bring up split reverse back up. If we can not find any one comfortable enough to change our code then we can do it the same way as SAT2 and some other coins have done it .i can only think of an other coin to be summercoin - SUM which changed form SUM1-SUM2(or what is known now as NAV).

This would require us to abandon our current coin eventually. Create a brand new coin with 92 mills coins. premine the amount of all the coin that are out now already. give people 1-2 months to exchange old karma with new karma at 1000:1 ratio. return the non exchanged coins back to us and then do it manually to any one else that comes later that missed the deadline for 2-3 more months and then close the trade for good. all the remaining no exchanged coin can go to the foundation or burn them for good if the public feels it would be bad for the LLC to own the rest of the coins.

As you can see neither of these method are easy to do. because we are a POW coin. we would have to worry for two coins to have a healthy POW network while the exchange is happening. Unlike NAV & SAt2 who were pos already.


We could simply ignore this reverse split altogether and carry on with our perfectly working coin! but then in order us to blow out of the 10 satoshi walls we should stop thinking small scale and start helping Kosmot in the quest to bring the coin to a country!