[ANN][KARM] Karma / ₭ / X11 - page 209.

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Quote from: Alphi on August 06, 2014, 04:13:23 PM

Quote from: kosmost on August 06, 2014, 01:49:24 PM

Can anyone provide a detailed reason not to implement this plan, other than "no more tricks, Irish!" or "just because"?

1) it will have little to no effect on volume.
2) it creates fractions which cannot be sold easily. having a coin that can be broken down to 8 decimal places but can only be traded in lots of 1000 is a contradiction.
EDIT: I understand that the pricing is in 1000 lots and it wont be mandatory but I still believe that by pricing it this way it will have a similar effect because if you list the BUYS with 1000 unit pricing you also have to list the SELLS with 1000 unit pricing.

3) inconsistent market pricing creates buyer confusion.
4) it sends a message to the market that despite all the talk about building real value for Karma.. the primary focus is trying to use smoke and mirrors to suck in more buyers.
5) coin developers who tell exchanges how they should conduct their business are likely to not be welcomed with open arms.

to sum up.. I am not against the plan.. I just think it is pointless and a waste of time and energy.

How would you like to help us with #4?

Our #1 priority now is finding our market, imo: http://www.reddit.com/r/KarmaTeam/comments/2cg8kg/we_need_help_with_some_research_and_information/

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Dear Karma Team or anyone who would like to be on the team;

Please help by making a simple post to our subreddit explaining that our block explorer is down and that we are working to bring a new one online.

I asked for this a couple of days ago but I suppose none of us had the time or interest to do it, so any help is appreciated.

(I can't be the only one that sees the need for this, am I?)

Can someone please step up to the plate?

Alphi

hero member

Activity: 798

Merit: 1000

Quote from: kosmost on August 06, 2014, 01:49:24 PM

Can anyone provide a detailed reason not to implement this plan, other than "no more tricks, Irish!" or "just because"?

1) it will have little to no effect on volume.
2) it creates fractions which cannot be sold easily. having a coin that can be broken down to 8 decimal places but can only be traded in lots of 1000 is a contradiction.
EDIT: I understand that the pricing is in 1000 lots and it wont be mandatory but I still believe that by pricing it this way it will have a similar effect because if you list the BUYS with 1000 unit pricing you also have to list the SELLS with 1000 unit pricing.
e.g. someone wants to sell 99 karma how do they do that? if they type 99 they might end up selling 99,000 Karma. so they have to type 0.0099 to sell 99 Karma? Huh

3) inconsistent market pricing creates buyer confusion.
4) it sends a message to the market that despite all the talk about building real value for Karma.. the primary focus is trying to use smoke and mirrors to suck in more buyers.
5) coin developers who tell exchanges how they should conduct their business are likely to not be welcomed with open arms.

to sum up.. I am not against the plan.. I just think it is pointless and a waste of time and energy.

Kennet_h

jr. member

Activity: 60

Merit: 1

@ptman. No problem mate! Cheesy

I think pricing karma in thousands, on the exchanges, is a good idea.
But i think it will be difficult, to get the exchanges to implement it.
I have been wondering for a long time, why the exchanges haven't done that, insted of trading it for LTC ect.

i think the exchanges either will put all the single digit satoshi coins, in price per thousand, or none of them.

ptman

sr. member

Activity: 532

Merit: 250

Quote from: Kennet_h on August 06, 2014, 03:05:16 PM

Thanks to socoban and ptman! 145k KARMA to each

Also a big thanks, to everyone else, that contribute to Karma!

Go KARMA!

WOOWW!

THANKS! Cheesy

I was starting to not believe in the tipping concept that much... UNTIL NOW!
Or believing that maybe I was just unlucky...lol

Because until today I was never tipped any cryptocurrency!
Despite the fact that I'm an active member of the Karma community from the very beginning.
And despite the fact I sent a large percentage (aound 30%) of the Karma I currently hold to the fundraisers and to other members as tips.

Kennet_h

jr. member

Activity: 60

Merit: 1

Thanks to socoban and ptman! 145k KARMA to each

Also a big thanks, to everyone else, that contribute to Karma!

Go KARMA!

pac

newbie

Activity: 27

Merit: 0

You are asking an exchange to make an adaption to their market’s. Are you going to ask all exchanges to do so? Asking one is tough by itself, asking all is even harder and it could even be a reason for exchanges not to add karma in the future. Not asking everyone could lead to confusion, people are idiots after all.

Price is steady at the 2 satoshi btc wall, the ltc markets are the ones that are moving. Btc only follows and offers an opportunity for big investors to by a large sum at once if they want to. With this move you could make the btc market the leading market again, but that can just as easily work against us. Almost no one is willing to sell at 2 satoshi, they might still try to bring the price down from let’s say 2100 to 1750.

No more tricks is imho a very good reason not to ask for this change. Behind this proposition lies no added value and investors, both current and future, could see this as a weak move.

How do I feel about this possible move? There is a high reward, a possibility for karma to get back to the volume figures on the btc market where we want to be. It’s not difficult for karma development, but we would need help/consent from our exchanges and that might pose some problems. I would say the likelihood of us getting more volume is low, and this move would most likely be viewed as weak, similar though not as bad as lowering our total numbers. I don’t see it doing much for us, good nor bad, but if I had to vote it would be a no.

bitwho

legendary

Activity: 1274

Merit: 1000

why would mintpal do this ---^

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Quote from: Chargin on August 06, 2014, 10:13:57 AM

Quote from: kosmost on August 06, 2014, 02:41:20 AM

What are your thoughts on exchange pricing per 100 Karma?

I believe this would make each block currently worth about USD 0.001, which would give us some room for growth in price (with a price target of anywhere between 1 cent to 10 cents per Karma block in the next year or so).

This would, of course, in no way impact users wallets but may make it easier for users to purchase (from a psychological perspective) similar to how pre-paid phone cards or debit cards are re-charged in blocks of units (instead of individual units), You can't re-charge your phone with 1 minute worth of time but perhaps you could with 100 minutes' worth.

When you go to the grocery store to buy meat or fish, pricing may be per 100 grams. The grocery store owner knows that people will buy more when they think of buying multiples or fractions of 100 grams instead of multiples of 1 gram.

I think right now we are just doing what every other coin is doing and not really thinking of how we can be pioneers. Anything different is seen as a "trick". But how about the first grocery store that thought to price their perishables differently?

If change makes sense and has more upside than downside, then I say let's go for it. There will always be people who want to use their horses in an age of the "horseless carriage". But we are leaders, not followers.

Thank you for recognising the importance of this and giving it your support.

To me price per 1,000 is more logical than price per 100. To use your metaphor, fish is priced per kilogram not per 100 grams. The weight is measured in grams. All I'm suggesting is we price our fish in kilograms. You can still by 127 grams of fish even when it is priced in kilograms.

It is price per 1,000 Karma on exchanges, not per block of 1,000 Karma. The way I described it obviously needs work, I'll make one large post with everything tomorrow if I have time. You don't need to buy 1,000 Karma at a time, like how now you don't need to buy a whole 1 Karma at a time. You can buy 0.00000001 Karma at a time now. The change would make it so you could buy 0.00001 Karma at a time.

I have made an example transaction below that may better illustrate how the user would see the change:

On Mintpal all you need to do is type in the amount you want to buy and press buy. That won't change. You still want to buy the same amount, just type that same amount in the box. The current price will automatically be filled.

Chargin.

Thanks for explaining this and making it more clear with the graphic. I suppose if I did my own grocery shopping then I would know how fish is priced lol

Can anyone provide a detailed reason not to implement this plan, other than "no more tricks, Irish!" or "just because"?

kosmost

hero member

Activity: 1022

Merit: 501

Creator of the ICO

Quote from: dips55tree on August 06, 2014, 10:41:16 AM

Quote from: Chargin on August 06, 2014, 10:13:57 AM

Quote from: kosmost on August 06, 2014, 02:41:20 AM

What are your thoughts on exchange pricing per 100 Karma?

I believe this would make each block currently worth about USD 0.001, which would give us some room for growth in price (with a price target of anywhere between 1 cent to 10 cents per Karma block in the next year or so).

This would, of course, in no way impact users wallets but may make it easier for users to purchase (from a psychological perspective) similar to how pre-paid phone cards or debit cards are re-charged in blocks of units (instead of individual units), You can't re-charge your phone with 1 minute worth of time but perhaps you could with 100 minutes' worth.

When you go to the grocery store to buy meat or fish, pricing may be per 100 grams. The grocery store owner knows that people will buy more when they think of buying multiples or fractions of 100 grams instead of multiples of 1 gram.

I think right now we are just doing what every other coin is doing and not really thinking of how we can be pioneers. Anything different is seen as a "trick". But how about the first grocery store that thought to price their perishables differently?

If change makes sense and has more upside than downside, then I say let's go for it. There will always be people who want to use their horses in an age of the "horseless carriage". But we are leaders, not followers.

Thank you for recognising the importance of this and giving it your support.

To me price per 1,000 is more logical than price per 100. To use your metaphor, fish is priced per kilogram not per 100 grams. The weight is measured in grams. All I'm suggesting is we price our fish in kilograms. You can still by 127 grams of fish even when it is priced in kilograms.

It is price per 1,000 Karma on exchanges, not per block of 1,000 Karma. The way I described it obviously needs work, I'll make one large post with everything tomorrow if I have time. You don't need to buy 1,000 Karma at a time, like how now you don't need to buy a whole 1 Karma at a time. You can buy 0.00000001 Karma at a time now. The change would make it so you could buy 0.00001 Karma at a time.

I have made an example transaction below that may better illustrate how the user would see the change:

On Mintpal all you need to do is type in the amount you want to buy and press buy. That won't change. You still want to buy the same amount, just type that same amount in the box. The current price will automatically be filled.

Chargin.

I completely agree with moving forward on this.

I was wondering if we should also consider how the sidechain is going to work and if these features/terminology need to mirror in any way.

The sidechain's POW blocks would also be X11 (to merge-mine Karma), among other methods. We are talking now about this, so that I can finish the whitepaper which will explain it in a bit more detail.

Most likely, we won't detail too much so that we can maintain a competitive advantage (as developing and testing a sidechain would take a few months, possibly)

bitwho

legendary

Activity: 1274

Merit: 1000

Quote from: socoban on August 06, 2014, 04:28:17 AM

Quote from: bondi on August 06, 2014, 04:08:49 AM

Quote from: socoban on August 06, 2014, 03:48:56 AM

Kosmos&CO, I finished the migration of Bitpay Insight API into KARMA coin. The block explorer is fully functional with real-time updates via RPC. You can find it here: http://162.243.209.71:3000/

The next task is to rename BTC into KARM/KARMA in GUI. - should be easy

Most of people do not realize how important is Insight API, it is amazing wrapper on bitcoin wallet. It allows people to easily create web wallets and web services. With this API hosted on trusted server web developers can easily implement KARMA into their web pages without need to run own KARMA wallet. When I was searching how to port it, I realized there were many other alt coins trying to port it which failed. Insight API does not work for POW/POS or POS coins. Many POW coins tried and failed to implement it. Very few were successful.

Check https://github.com/bitpay/insight-api for more info.

I will write some JS code to test the API if it work with KARM well.

The next task is to run CoinPunk wallet: https://coinpunk.com/, it is awesome web wallet written in JavaScript, browser based. So anyone lazy to download and sync KARMA wallet can go to coinpunk server, create his JS wallet in seconds and use it thanks to Insight API.

I will take care of it later, when I do the tests with JavaScript transactions if they work correctly.

Great!
Can this be used to get distribution, rich list shares?

I am afraid not, as I mentioned before I start to work on it. Insight API explorer solves the problem of searching compared to old explorer. It does not solve the rich list. If we want Rich List, we should still go and pay those 0,25 BTC / year(It is way cheaper than to develop it by us).

Insight API is backbone for easy payment system implementation, Insight explorer is just cool explorer. Anyway, my opinion is there are so many new web pages about alt coins created daily, sooner or later someone will take care about rich list feature and other stats. Karma should work on increasing value than someone will come and create as many stats as you can imagine. If we give people easy tools how to play with KARM, they will create games, services anything they can imagine. Every non crypto service can be ported into crypto service. Lets make tools well documented, so even noob devs can use it. If people can embed KARM into web just by few rows of JS, lets work on it. Do not focus on creating all the services yourself, let common people to start their own KARMA business easily. Lets create plugins for wordpress and other CMS frameworks, so they can implement KARM by few clicks. The easier this process is, the more web devs you get. Every Web has visitors/customers. KARM can increase 100x value just by creating such easy to use web services.

There we have it!

more and more people should start getting involved to make Karma better.

Be inspired!

Join us if you think you can help with something.

The more united we work the faster and stronger we get.

LiteMine

sr. member

Activity: 380

Merit: 250

Any news on the lill buyout? I skimmed the last 30 pages and didn't see anything

thank you!

ptman

sr. member

Activity: 532

Merit: 250

Everyone of us would make a very big favour to the community if we went to the local language subforums and talked about Karma.

A lot of crypto people do not understand english very well and only comment on the local subforums.
And right now almost no one is commenting on the karma thread in the subforums.

Talk about the potentials of Karma.

ptman

sr. member

Activity: 532

Merit: 250

Does anyone here that knows how to setup p2pools can give me a help?
We need more P2Pools in case the existing ones fail.

Is there any recent tutorial online that explains how to do it for an x11 coin?

The Multipool is finding at least half of the blocks (check "Last 30 Blocks Found"):
https://www.multipool.us/stats.php?curr=karm

ptman

sr. member

Activity: 532

Merit: 250

Quote from: p4r4m0un7 on August 06, 2014, 11:58:15 AM

Quote from: Chargin on August 06, 2014, 10:25:51 AM

Quote from: ptman on August 05, 2014, 06:12:50 PM

This pool has too much hash rate:
https://www.multipool.us/stats.php?curr=karm

This is one reason we should attract more miners.
And also encourage the usage of P2Pools.

More miners usually equals hashing power more well distributed.

Please remove this from the list of pools on the front page because:
1. It mines more than just Karma; and
2. It has exceeded the 30% maximum for any one pool threshold.

Chargin.

Ahhh, these over 9GH/s are just about to put a tears in my eyes. I love them! Hail to all KARMA miners!

I suspect more than half of that comes from the multipool.

p4r4m0un7

sr. member

Activity: 406

Merit: 250

Quote from: Chargin on August 06, 2014, 10:25:51 AM

Quote from: ptman on August 05, 2014, 06:12:50 PM

This pool has too much hash rate:
https://www.multipool.us/stats.php?curr=karm

This is one reason we should attract more miners.
And also encourage the usage of P2Pools.

More miners usually equals hashing power more well distributed.

Please remove this from the list of pools on the front page because:
1. It mines more than just Karma; and
2. It has exceeded the 30% maximum for any one pool threshold.

Chargin.

Ahhh, these over 9GH/s are just about to put a tears in my eyes. I love them! Hail to all KARMA miners!

p4r4m0un7

sr. member

Activity: 406

Merit: 250

Quote from: p4r4m0un7 on August 01, 2014, 04:51:25 AM

Mining contest is going well. Now is time for the creative persons of our community to step up. Karma team members can also participate.
Today I am starting contest with a first place award of 2 000 000 (TWO MILLION) KARMA. No consolation awards. The rules are as follows:
1. At least 5 participants
2. Every participant can provide more than 1 photo. No limit about this.
3. Photos must contain KARMA logo and GOT KARMA? written or drawn by hand (Not printed). So only the GOT KARMA? must be written or drawn by a hand, which includes graphite drawing. I don`t care about the logo if it is printed or drawn by a hand, but it must be our original logo.
4. Photos can be for example selfie with a popular person and you wearing t-shirt with KARMA logo and GOT KARMA?, photo on the top of a skyscraper holding KARMA logo and GOT KARMA?, photo of somebody jumping with parachute holding KARMA logo and GOT KARMA?, nice graphite drawing of our logo and GOT KARMA? and all other things that crosses your mind.
5. The last day of this campaign is 1-st of September. No photos will be accepted on 2-nd of September. (exceptions for delayed photos only if I see on the photo Barack Obama or Queen Elizabeth Grin

)
6. You can post your pictures here, forum, facebook and karmashare.me. You must pm me here with a link to the original post.
7. The winner will be chosen by community vote in our forum. Voting will continue 3 days, but I want at least 25 votes. If we don`t have 25 votes, we shall extend the voting period. If there is a tie between two or more photos and/or persons, I suggest our respectful Marketing & PR workgroup moderators easteagle13 and jasondecosta to choose the winning photo. If jasondecosta decide to participate, me and easteagle13 will have the last word.

These are the rules. Do not cheat! I will catch you. Believe me. Do not use any tools to make your photos look better. If I catch someone cheating, all of his/her photos will be disqualified. This is a real life contest. I am not encouraging you to do something dangerous or stupid, but to win this, it is obvious that you have to be a little crazy. So happy shooting.

Me and easteagle13 are splitting the funding for this. 1 mill comes from me and 1 mill from him. This is not an official karma marketing project.

GOT KARMA?

dips55tree

newbie

Activity: 40

Merit: 0

Quote from: Chargin on August 06, 2014, 10:13:57 AM

Quote from: kosmost on August 06, 2014, 02:41:20 AM

What are your thoughts on exchange pricing per 100 Karma?

I believe this would make each block currently worth about USD 0.001, which would give us some room for growth in price (with a price target of anywhere between 1 cent to 10 cents per Karma block in the next year or so).

This would, of course, in no way impact users wallets but may make it easier for users to purchase (from a psychological perspective) similar to how pre-paid phone cards or debit cards are re-charged in blocks of units (instead of individual units), You can't re-charge your phone with 1 minute worth of time but perhaps you could with 100 minutes' worth.

When you go to the grocery store to buy meat or fish, pricing may be per 100 grams. The grocery store owner knows that people will buy more when they think of buying multiples or fractions of 100 grams instead of multiples of 1 gram.

I think right now we are just doing what every other coin is doing and not really thinking of how we can be pioneers. Anything different is seen as a "trick". But how about the first grocery store that thought to price their perishables differently?

If change makes sense and has more upside than downside, then I say let's go for it. There will always be people who want to use their horses in an age of the "horseless carriage". But we are leaders, not followers.

Thank you for recognising the importance of this and giving it your support.

To me price per 1,000 is more logical than price per 100. To use your metaphor, fish is priced per kilogram not per 100 grams. The weight is measured in grams. All I'm suggesting is we price our fish in kilograms. You can still by 127 grams of fish even when it is priced in kilograms.

It is price per 1,000 Karma on exchanges, not per block of 1,000 Karma. The way I described it obviously needs work, I'll make one large post with everything tomorrow if I have time. You don't need to buy 1,000 Karma at a time, like how now you don't need to buy a whole 1 Karma at a time. You can buy 0.00000001 Karma at a time now. The change would make it so you could buy 0.00001 Karma at a time.

I have made an example transaction below that may better illustrate how the user would see the change:
http://i46.photobucket.com/albums/f103/chargin2007/Wayitwouldwork_zpsee942927.png

On Mintpal all you need to do is type in the amount you want to buy and press buy. That won't change. You still want to buy the same amount, just type that same amount in the box. The current price will automatically be filled.

Chargin.

I completely agree with moving forward on this.

I was wondering if we should also consider how the sidechain is going to work and if these features/terminology need to mirror in any way.

Chargin

full member

Activity: 184

Merit: 100

Quote from: ptman on August 05, 2014, 06:12:50 PM

This pool has too much hash rate:
https://www.multipool.us/stats.php?curr=karm

This is one reason we should attract more miners.
And also encourage the usage of P2Pools.

More miners usually equals hashing power more well distributed.

Please remove this from the list of pools on the front page because:
1. It mines more than just Karma; and
2. It has exceeded the 30% maximum for any one pool threshold.

Chargin.

UrsaMajorisBeta

hero member

Activity: 528

Merit: 500

We are the ones we've been waiting for

Quote from: socoban on August 06, 2014, 03:48:56 AM

Kosmost&CO, I finished the migration of Bitpay Insight API into KARMA coin. The block explorer is fully functional with real-time updates via RPC. You can find it here: http://162.243.209.71:3000/

The next task is to rename BTC into KARM/KARMA in GUI. - should be easy

Most of people do not realize how important is Insight API, it is amazing wrapper on bitcoin wallet. It allows people to easily create web wallets and web services. With this API hosted on trusted server web developers can easily implement KARMA into their web pages without need to run own KARMA wallet. When I was searching how to port it, I realized there were many other alt coins trying to port it which failed. Insight API does not work for POW/POS or POS coins. Many POW coins tried and failed to implement it. Very few were successful.

Check https://github.com/bitpay/insight-api for more info.

I will write some JS code to test the API if it work with KARM well.

The next task is to run CoinPunk wallet: https://coinpunk.com/, it is awesome web wallet written in JavaScript, browser based. So anyone lazy to download and sync KARMA wallet can go to coinpunk server, create his JS wallet in seconds and use it thanks to Insight API.

I will take care of it later, when I do the tests with JavaScript transactions if they work correctly.

WHOA!
I almost got a heart attack when I saw my address at the block explorer had over 100k BTC's!
The next second i realized it was karma, not BTC hahaha xD

Topic: [ANN][KARM] Karma / ₭ / X11 - page 209. (Read 583120 times)