Thinking outside the box a little on this one, but still wanted to share and get some feedback. I have been a supporter/investor in NXT since last December. They have a great community of very passionate devs and watching them develop NXT over the past nine months reminds me of what Bitcointalk used to be back in the Satoshi days (when I go back and read those threads, I wasnt there). Anyway, there is a movement inside NXT to try and "help" other coins that want to add more robustness to their current platform. Its very much the approach of say and Intel Inside campaign, but instead, its a Nxt Powered or Nxt Inside. This wouldn't involve burning of any Karma coins or anything destructive to our current X11 or blockchain. This would be essentially a merging of wallets and creating better access to features not available within Karma, but could be easily with a partnership with Nxt.
Recently we have seen Doge finally partnering with Litecoin for merge mining. Redd has been tweaking their PoSv or what have you in hopes of continuing the fight. My idea is just a concept at this point, and something I cannot claim to have thought of. Recently it was mentioned here
https://nxtforum.org/index.php?topic=85.msg78710#msg78710 I initially thought that this would mean we would have to burn Karma coins to partner with Nxt, so I contacted James to see what a partnership with would entail, and here was his reply:
"There is no need to burn anything!
I am working on modifying the standard NXT GUI, ok longzai is, to allow it to be reskinned and automatically link a bitcoin type address to a NXT address.
So, all you should need to do is:
1) Add a button to QT to open webpage to 127.0.0.1:7876 and maybe we can even make it automatically login
Now the user is seeing a NXT type GUI, but reskinned to your coin. Also, NXTservices like Teleport, InstantDEX, tradebots, Privatebet, etc. will be easily accessible. I am making it so that people that run nodes will get dividends proportional to the business they bring in. So, your coin can get all the NXT 2.0 features by rebranding NXT and bundling it and your coin holders can earn dividends for getting all these new features.
Pretty cool, dont you think?
James"
Anyway, just wanted to throw this out there. I feel like Karma needs a little help at this point to make this ship take off again. At first it would appear to help Nxt more than it would us, but unless we are satisfied with just being a Litecoin clone, we need to make some serious gameplans and execute in the coming months to survive.
Shawn
I would support this move just as long as KARMA doesn't become dependant on any coin or services for its own survival.
If you take the DogeCoin Litecon move for example.. the merged mining is implemented in such a way that, should litecoin or dogecoin fail completely, it will have no effect on the other because you will still be able to mine with the same software and continue making transactions etc.
If an NXT wallet was to implement Karma integration without altering the Karma blockchain and still allowing users to use the Karma wallet if they wish then there wont be much of an issue.
I am aware that recently NXT had a near death experience when one of its whales got robbed and many NXT were stolen (thankfully one of the exchanges was able to freeze the thieves account and return some of the coins). Because NXT is a POS style system if the majority of coins used for forging gets stolen or borrowed then the network becomes compromised beyond repair..
This is also what recently happened to VRC... the apparent ease with which a single hacker can destroy the integrity of POS coins has me deeply concerned about moving in that direction.
That being said however.. if Karma just becomes just another asset being traded on the NXT exchanges and a huge chunk of Karma gets lost if NXT collapses.. then I am not so worried at all because it takes a whole chunk of coins out of circulation. which means the value of everyone else's karma goes up.
Also what we are witnessing right now with Mintpal is coins that are too dependant on exchanges and have very little grass roots support are being delisted and facing death by lack of liquidity.
what we should learn from the events of the past few months is that in order for a coin grow and be successful it must be as diverse as possible and not rely too heavily on services which could abandon the coin or collapse at any moment.