Topic: [ANN][KARM] Karma / ₭ / X11 - page 194. (Read 583278 times)

Actually, I don't mind discussions about price. it's normal. I only mind when it is the majority of discussions at times when there are more important things to discuss, or there is a ton of stuff to do and our team would rather spend 5 hours discussing price rather than 5 hours working on something.

Please, take me on holiday with you!

I have no problem with giving them some Karma for compensation as it is good pr. However, I will not contribute as long as the comunity is not able to reach the 8 mil goal of our saving innocence fundraiser which I find much more important.... http://karmafund.me/

i see these options :

It seems like they were using the old wallet. then once we forked they kept using scrypt fork wallets. probably the scrypt miners kept using the scrypt chain coins into this exchange after the fork. Coins transferred in. the exchange updated to the correct fork and coins vanished as those new coins are not recognized in the proper fork.

I don't see a proper solution to this. thank go it is only 15 mill.

not sure any dev can fix this. i do not know how the exchanges run their system. Perhaps they can try to delete those transactions and see if the coin come back. or they could be long gone.

the sum is too small for them to go though all this hustle

What do we say we do this a community pull through and donate them this amount back?

i will chip in 2 mill. any one else?

Need a KARM dev to get in touch.

We did the upgrade from the old KarmaCoin to the new Karma. We are running 8.6.5. Our current block matches the current block on the explorer.

When we did the upgrade, about 15 million KARM disappeared.

We've run internal audits four times. Every single deposit we have crediting to a user exists in the blockchain (gettransaction returns with an amount that matches our internal accounting). Every single withdrawal is matched. No deposits or withdrawals are duplicated. No transactions, sales, or buys are duplicated.

Running a total of all KARM deposits since we listed the coin totals X. Running a total of all withdrawals totals Y. X - Y is about 15 million. Our current wallet balance is 81k, current user balances is about 15mil.

So, where the hell did the 15mil karm go?

We've re-downloaded the blockchain, and we've restarted with a -rescan option.

15 million KARM are just - gone. And it happened when we updated to the new version.

So - for now - KARM is shut down on AllCrypt. Until someone contacts us with an explanation of what exactly the heck happened.

LOL kosmost, sometimes you care too much. Believe me I do not enjoy that my prediction came true. I was going to add "Then I might have to start buying again.", but - as I currently have absolutely zero BTC to spend - I left it out simply because I couldn't. Would that have sounded better?

I know you hate people discussing price but relax, that's how this market and these forums works. Karma is traded on exchanges and you got to admit - right now trading is the primary usecase for Karma. Or can you name me a better one? We all want to change that yeah, but until that happens most people here are just trading coins. There's nothing bad about being a trader. That's how most of us got here in the first place. There would be no Karma and no community without that.

Look, I've purchased my first Karmacoin the day Mintpal opened. I've mined it for quite some time. I've registered on these boards because of it (even though it looks like you might prefer I hadn't ). I've bought all through our depression. I've sold some during the pumps, but not as much as I invested into Karmashares and less than I still hold. I am not going anywhere (except on vacation soon, yay!).

Peace my friend.

This is not about who is right or wrong. the exchange business must have its own problems and i bet they dont have the time to follow on every single coins endover.

those are some good points that you make.
having read your explanation for what might have happened it does seem plausible.

my gut feeling is that a business that takes peoples money and does not look after it properly should not be rewarded for their mistakes. this is the cost of doing business. and its also a fundamental free market principle.

on the other hand.. if it was caused by a mistake that was made by one of the core karma team then collectively we should all pitch in to help.

so I guess we should establish the real facts before throwing money at the problem.

i see these options :

It seems like they were using the old wallet. then once we forked they kept using scrypt fork wallets. probably the scrypt miners kept using the scrypt chain coins into this exchange after the fork. Coins transferred in. the exchange updated to the correct fork and coins vanished as those new coins are not recognized in the proper fork.

I don't see a proper solution to this. thank go it is only 15 mill.

not sure any dev can fix this. i do not know how the exchanges run their system. Perhaps they can try to delete those transactions and see if the coin come back. or they could be long gone.

the sum is too small for them to go though all this hustle

What do we say we do this a community pull through and donate them this amount back?

i will chip in 2 mill. any one else?

you should be able to look at the blockchain and see where every single coin went.
if you have done an internal audit as you say it should become pretty obvious because every transaction has matching inputs and outputs.
In other words.. it is impossible for coins to go missing without a transaction so it must be relatively easy to determine where the coins were sent.

once you have the address that the coins are located then it should be pretty easy to determine if that is the address of one of your users (ie some kind of internal fault) or an unkown address (some kind of foul play)

I am not one of the karma devs.. but as a programmer that is the first place I would look to find where my coins went before making any public accusations.

It doesn't do your exchange any good to make public statements that you don't know where your coins are. Not knowing how they got there is a different issue but if you don't know even know where they are.. that's a worrying sign... just ask Mark Karpeles.


I would also point out that if you don't have the tools necessary to conduct a through audit and determine where all your coins are. then you should probably invest the time to develop them because they will be invaluable to your business in the future.

We've run internal audits four times. Every single deposit we have crediting to a user exists in the blockchain (gettransaction returns with an amount that matches our internal accounting). Every single withdrawal is matched. No deposits or withdrawals are duplicated. No transactions, sales, or buys are duplicated.

True, I am not a "believer". I am a rational person.
Right now there is no demand for this coin, that explain the low price.
In order to create demand, you must build an infrastructure around this coin. Make the coin usable by the people.(implement payment with KARM for online business, offer services like M-Pesa, offer bonuses in KARM for the employees if you have a company  and more)

True, I am not a "believer". I am a rational person.
Right now there is no demand for this coin, that explain the low price.
In order to create demand, you must build an infrastructure around this coin. Make the coin usable by the people.(implement payment with KARM for online business, offer services like M-Pesa, offer bonuses in KARM for the employees if you have a company  and more)

Yeah, good thing that altcoin day traders aren't running Karma lol

We're playing the long game, and intend to be here in 5 years while 99% of other cryptocoins are dead.

Like I tell our team: other coins are playing checkers, while Karma is playing chess.

Want to see something interesting? Go here: https://altcoinherald.com/altcoin-launch-calendar/ and go to "May 2014". See any familiar coins? Maybe one or two. Now there are so many coin launches a day these calendar sites can't even keep up. Altcoin money is spread very thinly these days. There is little growth because altcoins are going after the wrong market.

Even if Karma went to 1 litoshi and was no longer trading on exchanges it would still be around. Why? Because myself and 1 or 2 other members of the community and team will still be here, slowly building a foundation for the millions of users in our future. How can Karma exist without being on an exchange? tsk, tsk

We intend to go after the right market and thus create an actual economy for Karma, independent of exchanges.

It continues to amaze me how so many in the altcoin community think like day traders and SOES bandits.

Do you think people in the Philippines or Argentina will care what price Karma is trading at when they see how useful it can be for them? Hardly. They only care about utility and how it makes their lives better.

Karma is barely 6 months old, and people expect the world. 2,200% price growth in a couple of months? "Not good enough! We want such returns weekly!"

Please.. someone. Tell me if  you think the CEO and management of any successful publicly-listed company looks at their stock price every couple of hours (or more, like most of us here seem to do) *and* let price swings determine the future of their company.

What did Mark Zuckerberg do when Facebook stock was tanking and people were calling for his head? He took a long holiday with his new wife, because he knows how emotional and irrational markets can be.

Some see "the end of the world" in the tiniest speck of dust.

But when you're done losing money in scamcoins that won't be around in 5 weeks, we'll welcome you back.

Slow and steady wins the race.

crocko, you only get it going if you sniff some profits right

The impotence has a new name: KARM 

+1

it's true, alphi's been here since zero hour on this coin. just like me. believer of Karma.

I though we are past discussing prices. It is clear that a lot goes on into coins then just prices. Look at all the coins. they are all going into the red. That's what you get when you are over shadowed by bitcoin. Karma's vision in slowly growing to a lot of people. Just like us on the team, everyday we hear new people praising it and mentioning how "doing good" is a good cause. But we are also more swamped with people that are in it to make a quick BTC or two. This forum is filled with sharks. Listening in and trying to find a good rumor so they can buy low and sell high.

But that doesn't mater too much. As Kos said, we have seen all kinds of lows and we are not worried. As long as progress continues and karma's talent start to grow we are in the right path. If you share our vision you , we thank you and keep supporting. Also so you know, the team is not a cult. anyone is welcomed to join in and help us grow. team is made of people who decided to step in and help.

now back to prices. These prices are temporarily. As long as we continue in our path we will keep bringing successful news. I know for some people is hard to see karma moving from 1 satoshi to 10 satoshi or even 50 satoshi. i have seen this. i saw it in a few group of people when karma was at 10 litoshi. they were skeptic. then we happen to karma and karma blew to 40 litoshi. We lost those group of skeptics. probably had a sell wall at 20.you know to make a quick LTC or two. then came the new skeptic group. we will be drop at 30 litoshi they said. the team didn't bother to listen. we kept at it. next thing you know we got new level of support. people run to buy those cheap karmas. karma blew up and a new stead low floor at 70 litoshi. and we lost that group of speptic. my guess they placed a sell wall at 70 litoshi , you know . just to get a quick LTc or two. just like the previous waves. we stopped hearing from them. and of course we got a new wave. no way we breaking 80s litoshi. And of course as always, karma team just kept working, building infrastructures. soon enough not only did we give investors more reason to eat up all the 80s sell walls but we drove that to 200s. we lost a lot of skeptic in this run. Catwiki .. where are you ?   this time, before we got new wave of skeptic karma blew up to 600 ltcs. anyone remember that?  Tons of people lost their sell walls.

Here we are. the new wave of "traders" got your sell wall at 2 satoshi don't you? 5 satoshi. is that you? Gonna make a quick BTC or two won't you.. good luck

Hope by now we don't need to point that we are still doing the same. improving what we have for karma. bit by bit