Topic: [ANN][KARM] Karma / ₭ / X11 - page 162. (Read 583119 times)

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!

1100 sell and buying back on 1000 is a 10% gain.
Nevertheless, i agree that karma is not sat2.
Following the words you said, when doing a reverse split you become dependent on organic growth, and isnt this EXACTLY what we want with Karma? At the moment we are still being abused by people wanting to make a quick profit and we are vulnerable for a quick dump. Not to mention our dependency on ltc, because anyone wanting to buy a large amount of karm would need to buy a large amount of ltc and most people hate to take that extra step. A reverse split could solve this because our price would be about 1000 satoshi, our marketcap would have to be 300$ before we reach the 1 satoshi limit, by that time im already crying in a corner so that js not going to happen.

Doing the reverse split would be a pain in the ass ofcourse, because i believe its lots of work. but all of our projects and good news stops being visible after about a week, because we are getting abused by quick profiters again. So karma has everything good, and does what a good coin needs to do, except that it feels like the projects are useless to build price because our market is manipulated. I personally believe that if this manipulation would be less, karma can grow much more.

Now i am not a programmer or anything so if you people say, a reverse split can not be done, i accept this, but if you say, it can be done, well, do it.
Nevertheless the community would have to vote again, but i think after the past week everyone can see how a dump effects the coin extemely.

If anyone doesn`t feel right to do what he/she is doing for Karma, then he/she can always stop doing it and the effect after this will be equal to his/her current contribution. From 270 unique addresses in Karmashares, how many are reading our threads and write here and do anything at all - 20-25? So these 20% that I have mansion are quite generous. But my point was to stop pointing with fingers and continue to do what everyone can do best and willing to do. The other way is just to become another silent member of these 80-90%. It is so simple.

not to bring this topic up again but to clarify some stuff.

Mintpal was purchased by moolah at its peak. At that time Mintpal had all the volume. over 2000 btcs daily. two things happened that mintpal volume dropped:
1. It declared it will stop allowing users to vote on a next coin, killing the possibilities of any scam coins to pay their way to the top.
2. It got hacked from a server vulnerability.

the 1. caused them to loose all then new scam coins volume to bittrex. Bittrex now is the place where any coins get added. hence why it has more volume then mintpal. mintpal took the volumes out of crytpsy because it was allowing any other coin to get added via voting. Mintpal was the first to introduce voting.  

the 2. caused them to loose more volume as they "finally" got hacked.  But that is the life here in the cryptoworld. every single exchange has been hacked.

Now i can't foresee the future role of Moolah and his ambition to be the best exchange but my gut feeling is telling me we should stick around for that


Also lets talk reverse split. Before i share my opinion you must agree that you can not compare SAT2 coin to karma. (sorry sat2 holders but you offer nothing that 1000 coin do not do and you got a silly name. there is no thing to be attached to )

reverse split would not help with volume. Volume would still be the same. Reverse split it's a psychological thing and helps soften the cushion of pumps and dumps. here is what i mean

psychological effect:
If you own 450 millions of coins at a price increase of %1000 percent (from 1 satoshi to 10 satoshi) you would gladly sell %10 or more of your coins . let assume 80 mills(realistically probably 100 mills or more).  you would not feel like you lost a lot of coins because you gained 8 btc profit. Unfortunately you would not be alone in this. There will be tons of other people feeling comfortably selling that many coins. Knowing that it would make it easier for you to sell because you might also understand that if only few people sell this amounts price will drop and you would be able to buy back if you chose too.

the cushion:
This makes it harder for people to invest in a fun way because you will be glued to the exchange screen because the volatility of 10 satoshi to 7 satoshi is %30. in 10 minutes, if your not paying attention your coins could be worth %30 less.
this is very dangerous if we are dealing with people who go to other coins forums and spread FUD.  Before we can provide proof that the news if baseless FUD the damage could have been done.

The point of reverse split would be as such

The psychological effect:
all of the sudden you do not own 450 millions but 4.5 millions(out of 920 millions coins total ) or if higher split then 450 , 000 coins. (out of 92 million coins total). choosing the 92 mill cap as this example. Assuming we have the same interested people then the price would be at min 1000 sat up to 18 000 sat or more. The psyhological effect would be that all of the sudden if the price rises 100 satoshis it would not make it easier for you to decide to sell of 80,000 coins for a quick profit.

the cushion:
the volatility of previous example was easy to achive a spike of 1 sat to 10 sat , or %1000 increase. at 1000 satoshi range this price would have to increase to x10 more or 10,000 satoshi. this is not something that people can fake pump it easy. it has to be organic increase. Think of how much volatility the ltc market gives to karma coin now. and it is only 100 spaces. from 50 litoshi to 150 litoshi. Imagine to have 1000 litoshi range. People will not be able to do day trading east because selling at 1100 and buying back at 1000 only gives you %1 gain

Also just like reducing fake pumps it also helps to reduce the FUD dumps. By the time the coin drops from 1000 to 500 you would have tons of hours passed. possible a day.  Giving you enough time to wait for some one to clear up the news rather then panic rush to sell coins. This is why coins with rarer total market cap have more "investors" because it is much safer to trade at that level. because even if you see coin is crushing you have tons of time ot cash out. loosing only %20 and calling a bad investment.




The problem with us is that when we consulted with our guys and Hiro , we realized that it would not be an easy thing. Hiro mentioned it could be  impossible to do it our way as we might run unto tons of problems. It would be some tedious work from some one who really understood every single mechanism of the blockchain. So while we were stressing out with how to do this or who to go to , we also were asking the public in the forum if you all can recall. When we also saw that more then half of the public were asking not to do the reverse split. I was for it , but the rest of the team decided to snip it in the but and move on to focus on other things.


So thats my thoughts on reverse split and Mintpal

yeah man.. that's what I was trying to say.. there is a silent majority who sit there and expect everyone else to do the heavy lifting... that means by definition anyone who is even talking is doing more than their fair share.. and lets not forget that it is the silent majority who benefit most from all the work done by the very vocal and sometimes busy minority.

if I wanted to work like a slave just to make someone else filthy rich then I would take a regular 9 to 5 fiat job just like all the other slaves.

That is the github from Karma PC wallet.

Where is the github from the bitcoinj port?
Didn't someone (socoban?) already started porting bitcoinj to Karma?

What do you really want to be ported?
BitcoinJ or the Android wallet?

I am sure that everyone here is helping as much as he/she can. I am also sure that by growing Karma more talented people will come. But keep in mind that helping to coin and community doesn' t only mean to sit down and fill a bunch of variables or write down code. What if I ask somebody how many people he approached directly and make passionated about Karma and the answer is 0? I find it strange for you to say to someone here that he isn't doing anything or at least he is not equal to somebody else here. I am not saying it is wrong. I am saying it is strange. Do you know why? Cause more than 80% of people holding Karma and I assume shares doesn't even come here to make a single post. What do you say to them? I think that we all with no exceptions at all should appreciate everyone's contribution.

P.S. Don't be surprised that we lack talent. Most of the talented people want to see results in order to dedicate totally themselves.

i support the multicoin fundraiser 1/10

Its a great initiative that can be completed in short time. The fundament is already set we only need to participate

Oh man you people are frustrating me, and you are frustrating yourself and others too.
Listen up, i study psychology, do with that information what you want, but what i do know is that you people are talking but not listening. You are all just throwing info and do this do that and there is no control at all.

If you want to finnish a project or a request there have to be clear goals set otherwise people keep getting off subject.

So first, Kosmost posted here about bringing karmX to the philipenes, 2 people activly started coding or something whatever i could make up out of the comments. Those 2 people, please write in bold letters the titel in the comment, bringing karmX to the philipenes update or whatever like that and tell us what you are doing for it at this moment and what help you request for others.

Second, the multicoin fundraiser, i responded to it and i think a good goal is 10 people who write in bold letters i support the multicoin fundraiser (and then 1/10 if you are the first person, so we have an overview how many people responded

Third, the CASHEER thing, i read about it but i dont know exactly what can be done for it. Is commenting on the link enough? Could you please pass the link and lurkers just comment on it this is 1 minute work that could possibly already ad value to Karma!!

Do with this post what you want, but you are all working like real uncontrolled, unplanned and are blaming everyone for anything.

huge difference between me and Kosmost... He controls 8 billion Karma.. I do not.
he wants to be the leader.. I do not.

Karmashares is a business not a charity.. if they want help then they need to provide the financial incentive to get it, that is how businesses operate.


I have donated millions of my own Karma and probably hundreds of hours of my time to help this community grow.. I think it is a bit rich for people like you to judge me just because I am not inclined to put more in to help a small few grow richer.

I do what I do out of pure altruism I don't do it to make anyone else rich... nor do I claim to.

there is a huge difference between helping those less fortunate and helping people who are richer than you to become more rich.

I'm sorry you feel like I do not live up to the ideals of Karma but maybe you are the one who doesn't....  

Funny now imagin if Kosmost shared your thought process. This is not directed just at you but unfortunately your thought process of why should I help if it will help others more than me is unfortunately shared by many and in my opinion goes against what Karma stands for. I truly belive Karma would be way further along if we had more selfless people volunteering their skills, even if on a small bases. A lot of small part time help from many adds up to the expidited accomplishment of projects with less stress and strain on just a small few. But in the end you can't force people to want to help they have to decide on their own if they want to help or not.

haha thats right. I only bring this up now because it is allready rolling and if we want to hop on the train we must do it now. If you guys dont want we let the train go by

Ok we are doing 3 things at a time again

Everybody,

please read this about a multi-coin fundraiser. I will not be able to implement the campain on my own. Especially as I am out of reach from the 13.9 till 6.10.....
 If you want that Karma will be part of it, you must step up and help me with this:

http://karmashares.com/forums/index.php/topic,604.msg3629.html#msg3629

I will provide a space on Karmafund.me with dynamic addresses and somebody from the team would need to collect and convert the coins but others must advertise it and make the pr needed. Who will step up for this?

lol I just posted a link to a post where you quote socoban saying 12 billion... haha

maybe people.. including myself are remembering 12 billion instead of 12%.. I dunno... it was so long ago... but I do remember a lot of talk about 12 something....

I like it.
Really good thinking...

Don't know where people got that number but I've always saw people saying about 8 billion and not 12....

ok, first you will find this discussion very useful http://karmashares.com/forums/index.php/topic,562.15.html
github is here: https://github.com/karmateam/karma

If you can port Karma to bitcoinj..., if you have the ability to do so you must join the Karmateam!
If you actually will port it to bitcoinj, I am sure that the community and llc will reward you for your efforts (also we need an oficial vote of course).

However, lets just start talking about the code and with documentation. I am eager to learn from you.

it wasn't me.. google it.. people have been saying 12 billion for a while..

sure that address says 8 billion now.. but since I am not that close with Karmashares ... I don't know exactly how much was collected vs how much is there now.



https://bitcointa.lk/threads/ann-karm-karmacoin-karmasharesllc-now-on-cryptsy.302934/page-179

don't blame me .. I just repeat apparent mathematical mistakes made by other people