Topic: [ANN][KARM] Karma / ₭ / X11 - page 235. (Read 583120 times)
altcoingood. Is your p2pool all set to mine X11 ?
To elaborate on the above re exchanges trading Karma against BTC in sets of 1000.
Exchanges: Price Karma in lots of 1,000 in Bitcoin
What does this mean?
Instead of Karma being put on the market as a single Karma it could be sold in sets of 1,000. This still means you can sell units of 0.00001 Karma, just not 0.00000001 Karma.
This is very distinct from decreasing the number of Karma via a hard fork although it has the same advantages and could be done around the same time without actually having to change the amount of Karma in existence.
The 0.00001 Karma (being the minimum tradable fraction) of Karma under the proposed change is worth approximately $0.0000000015USD at today’s market rates.
When I last checked there was an actual minimum limit on Mintpal for Karma sales of around 10,000 Karma however this may be based on price and could be there as a transaction spam / exchange fee avoidance countermeasure.
Basically instead of exchanges listing Karma for sale as follows:
Amount: 0.00000000 (limit 8 decimal places)
Price per Karm: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
It would be:
Amount: 0.00000 (limit 5 decimal places)
Price per 1,000 Karma: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
Under sell orders/buy orders this would change from:
Price (BTC) / Karm / BTC
To:
Price per 1,000 Karma (BTC) / Karma / BTC
The amount of Karma displayed in accounts should be kept the same.
Why the change?
As at the time of writing this 1 Karma is selling for 0.00000002 to 0.00000003 Bitcoins. The smallest fraction of a Bitcoin is called a Satoshi. Karma is trading at 2 to 3 Satoshi. This means theoretically, on the spread, you can either sell your Karma then rebuy 50% more or you can buy Karma and then sell it for 50% more or similar. This will occur no matter the price of Karma, just as the price goes up the margins will get slimmer as the market becomes more granular, ie the difference between prices is less. Even at 40 to 41 Satoshi there is a margin of 2.5%, roughly 10 times more than the exchanges themselves take.
This isn’t healthy for the market. The only way these orders can work is if the price is stable enough for you to both complete your sell order and your rebuy order.
This encourages people to attempt to lock in Karma between a certain price range and also encourages the creation of wall. This is because some people may be putting up a sale expecting that they can then rebuy at a fraction of the price, which may even be on alternate market, for example a Litecoin market.
When price movement is hampered there is less volume in the markets and less interest in Karma.
Benefits of change, buyers/sellers:
Can buy or sell higher at market rates without having to either “wait in line” or sell at far less than it would cost to buy or vice versa.
Benefits of change for exchanges:
More market activity caused by the change means more turn over and more exchange fees.
As one of the first adopters, your exchange will both have Karma for sale at cheaper rates and people will be able to sell Karma for more. This will increase volume on your market for people that want to trade at market rates and not have to wait “in line” for their trade to be executed a decent price.
Implementing the change may be subsidised by the Karma community.
Limitations to current countermeasures to the problem:
Under the current system alternate markets (primarily Litecoin) are being used to trade Karma at a more granular rate while the price is being locked in on the Bitcoin market.
However, this is considered by many to be an inconvenience and still only offers limited protection against sell and buy walls that form on the Bitcoin market.
Suggested implementation for exchanges:
1. Make the relevant notices to customers;
2. Suspend trading on the Karma/BTC market;
3. Back up data;
4. Make the relevant changes to the displays on the market order page;
5. Cancel all orders on the market;
6. Make changes to the order database if required; and
7. Put the buy/sell orders back onto the market to 5 decimal places instead of 8. This should result in a very small decrease to buy/sell orders on the market.
Other solutions:
Mintpal is the only major exchange for Karma that would have trouble implementing this because they have already opened the Bitcoin/Karma market. New exchanges (or exchanges without Karma markets) could implement this system without having to worry about current orders.
Exchanges: Price Karma in lots of 1,000 in Bitcoin
What does this mean?
Instead of Karma being put on the market as a single Karma it could be sold in sets of 1,000. This still means you can sell units of 0.00001 Karma, just not 0.00000001 Karma.
This is very distinct from decreasing the number of Karma via a hard fork although it has the same advantages and could be done around the same time without actually having to change the amount of Karma in existence.
The 0.00001 Karma (being the minimum tradable fraction) of Karma under the proposed change is worth approximately $0.0000000015USD at today’s market rates.
When I last checked there was an actual minimum limit on Mintpal for Karma sales of around 10,000 Karma however this may be based on price and could be there as a transaction spam / exchange fee avoidance countermeasure.
Basically instead of exchanges listing Karma for sale as follows:
Amount: 0.00000000 (limit 8 decimal places)
Price per Karm: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
It would be:
Amount: 0.00000 (limit 5 decimal places)
Price per 1,000 Karma: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
Under sell orders/buy orders this would change from:
Price (BTC) / Karm / BTC
To:
Price per 1,000 Karma (BTC) / Karma / BTC
The amount of Karma displayed in accounts should be kept the same.
Why the change?
As at the time of writing this 1 Karma is selling for 0.00000002 to 0.00000003 Bitcoins. The smallest fraction of a Bitcoin is called a Satoshi. Karma is trading at 2 to 3 Satoshi. This means theoretically, on the spread, you can either sell your Karma then rebuy 50% more or you can buy Karma and then sell it for 50% more or similar. This will occur no matter the price of Karma, just as the price goes up the margins will get slimmer as the market becomes more granular, ie the difference between prices is less. Even at 40 to 41 Satoshi there is a margin of 2.5%, roughly 10 times more than the exchanges themselves take.
This isn’t healthy for the market. The only way these orders can work is if the price is stable enough for you to both complete your sell order and your rebuy order.
This encourages people to attempt to lock in Karma between a certain price range and also encourages the creation of wall. This is because some people may be putting up a sale expecting that they can then rebuy at a fraction of the price, which may even be on alternate market, for example a Litecoin market.
When price movement is hampered there is less volume in the markets and less interest in Karma.
Benefits of change, buyers/sellers:
Can buy or sell higher at market rates without having to either “wait in line” or sell at far less than it would cost to buy or vice versa.
Benefits of change for exchanges:
More market activity caused by the change means more turn over and more exchange fees.
As one of the first adopters, your exchange will both have Karma for sale at cheaper rates and people will be able to sell Karma for more. This will increase volume on your market for people that want to trade at market rates and not have to wait “in line” for their trade to be executed a decent price.
Implementing the change may be subsidised by the Karma community.
Limitations to current countermeasures to the problem:
Under the current system alternate markets (primarily Litecoin) are being used to trade Karma at a more granular rate while the price is being locked in on the Bitcoin market.
However, this is considered by many to be an inconvenience and still only offers limited protection against sell and buy walls that form on the Bitcoin market.
Suggested implementation for exchanges:
1. Make the relevant notices to customers;
2. Suspend trading on the Karma/BTC market;
3. Back up data;
4. Make the relevant changes to the displays on the market order page;
5. Cancel all orders on the market;
6. Make changes to the order database if required; and
7. Put the buy/sell orders back onto the market to 5 decimal places instead of 8. This should result in a very small decrease to buy/sell orders on the market.
Other solutions:
Mintpal is the only major exchange for Karma that would have trouble implementing this because they have already opened the Bitcoin/Karma market. New exchanges (or exchanges without Karma markets) could implement this system without having to worry about current orders.
+1. A good suggestion. What would the downsides be to doing this?
I can both see it going very well and very bad.
Buying lots of 1000 coins could generate more trades, because of a finer granularity in price.
But at the same time generate a lot of confusion.
I'm of the opinion that we should leave it as it is.
The price will go up 10x because of the qualities of the coin network (both the technical aspects and the community).
And then we will not need buying/selling lots of 1000 anymore.
To elaborate on the above re exchanges trading Karma against BTC in sets of 1000.
Exchanges: Price Karma in lots of 1,000 in Bitcoin
What does this mean?
Instead of Karma being put on the market as a single Karma it could be sold in sets of 1,000. This still means you can sell units of 0.00001 Karma, just not 0.00000001 Karma.
This is very distinct from decreasing the number of Karma via a hard fork although it has the same advantages and could be done around the same time without actually having to change the amount of Karma in existence.
The 0.00001 Karma (being the minimum tradable fraction) of Karma under the proposed change is worth approximately $0.0000000015USD at today’s market rates.
When I last checked there was an actual minimum limit on Mintpal for Karma sales of around 10,000 Karma however this may be based on price and could be there as a transaction spam / exchange fee avoidance countermeasure.
Basically instead of exchanges listing Karma for sale as follows:
Amount: 0.00000000 (limit 8 decimal places)
Price per Karm: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
It would be:
Amount: 0.00000 (limit 5 decimal places)
Price per 1,000 Karma: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
Under sell orders/buy orders this would change from:
Price (BTC) / Karm / BTC
To:
Price per 1,000 Karma (BTC) / Karma / BTC
The amount of Karma displayed in accounts should be kept the same.
Why the change?
As at the time of writing this 1 Karma is selling for 0.00000002 to 0.00000003 Bitcoins. The smallest fraction of a Bitcoin is called a Satoshi. Karma is trading at 2 to 3 Satoshi. This means theoretically, on the spread, you can either sell your Karma then rebuy 50% more or you can buy Karma and then sell it for 50% more or similar. This will occur no matter the price of Karma, just as the price goes up the margins will get slimmer as the market becomes more granular, ie the difference between prices is less. Even at 40 to 41 Satoshi there is a margin of 2.5%, roughly 10 times more than the exchanges themselves take.
This isn’t healthy for the market. The only way these orders can work is if the price is stable enough for you to both complete your sell order and your rebuy order.
This encourages people to attempt to lock in Karma between a certain price range and also encourages the creation of wall. This is because some people may be putting up a sale expecting that they can then rebuy at a fraction of the price, which may even be on alternate market, for example a Litecoin market.
When price movement is hampered there is less volume in the markets and less interest in Karma.
Benefits of change, buyers/sellers:
Can buy or sell higher at market rates without having to either “wait in line” or sell at far less than it would cost to buy or vice versa.
Benefits of change for exchanges:
More market activity caused by the change means more turn over and more exchange fees.
As one of the first adopters, your exchange will both have Karma for sale at cheaper rates and people will be able to sell Karma for more. This will increase volume on your market for people that want to trade at market rates and not have to wait “in line” for their trade to be executed a decent price.
Implementing the change may be subsidised by the Karma community.
Limitations to current countermeasures to the problem:
Under the current system alternate markets (primarily Litecoin) are being used to trade Karma at a more granular rate while the price is being locked in on the Bitcoin market.
However, this is considered by many to be an inconvenience and still only offers limited protection against sell and buy walls that form on the Bitcoin market.
Suggested implementation for exchanges:
1. Make the relevant notices to customers;
2. Suspend trading on the Karma/BTC market;
3. Back up data;
4. Make the relevant changes to the displays on the market order page;
5. Cancel all orders on the market;
6. Make changes to the order database if required; and
7. Put the buy/sell orders back onto the market to 5 decimal places instead of 8. This should result in a very small decrease to buy/sell orders on the market.
Other solutions:
Mintpal is the only major exchange for Karma that would have trouble implementing this because they have already opened the Bitcoin/Karma market. New exchanges (or exchanges without Karma markets) could implement this system without having to worry about current orders.
Exchanges: Price Karma in lots of 1,000 in Bitcoin
What does this mean?
Instead of Karma being put on the market as a single Karma it could be sold in sets of 1,000. This still means you can sell units of 0.00001 Karma, just not 0.00000001 Karma.
This is very distinct from decreasing the number of Karma via a hard fork although it has the same advantages and could be done around the same time without actually having to change the amount of Karma in existence.
The 0.00001 Karma (being the minimum tradable fraction) of Karma under the proposed change is worth approximately $0.0000000015USD at today’s market rates.
When I last checked there was an actual minimum limit on Mintpal for Karma sales of around 10,000 Karma however this may be based on price and could be there as a transaction spam / exchange fee avoidance countermeasure.
Basically instead of exchanges listing Karma for sale as follows:
Amount: 0.00000000 (limit 8 decimal places)
Price per Karm: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
It would be:
Amount: 0.00000 (limit 5 decimal places)
Price per 1,000 Karma: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)
Under sell orders/buy orders this would change from:
Price (BTC) / Karm / BTC
To:
Price per 1,000 Karma (BTC) / Karma / BTC
The amount of Karma displayed in accounts should be kept the same.
Why the change?
As at the time of writing this 1 Karma is selling for 0.00000002 to 0.00000003 Bitcoins. The smallest fraction of a Bitcoin is called a Satoshi. Karma is trading at 2 to 3 Satoshi. This means theoretically, on the spread, you can either sell your Karma then rebuy 50% more or you can buy Karma and then sell it for 50% more or similar. This will occur no matter the price of Karma, just as the price goes up the margins will get slimmer as the market becomes more granular, ie the difference between prices is less. Even at 40 to 41 Satoshi there is a margin of 2.5%, roughly 10 times more than the exchanges themselves take.
This isn’t healthy for the market. The only way these orders can work is if the price is stable enough for you to both complete your sell order and your rebuy order.
This encourages people to attempt to lock in Karma between a certain price range and also encourages the creation of wall. This is because some people may be putting up a sale expecting that they can then rebuy at a fraction of the price, which may even be on alternate market, for example a Litecoin market.
When price movement is hampered there is less volume in the markets and less interest in Karma.
Benefits of change, buyers/sellers:
Can buy or sell higher at market rates without having to either “wait in line” or sell at far less than it would cost to buy or vice versa.
Benefits of change for exchanges:
More market activity caused by the change means more turn over and more exchange fees.
As one of the first adopters, your exchange will both have Karma for sale at cheaper rates and people will be able to sell Karma for more. This will increase volume on your market for people that want to trade at market rates and not have to wait “in line” for their trade to be executed a decent price.
Implementing the change may be subsidised by the Karma community.
Limitations to current countermeasures to the problem:
Under the current system alternate markets (primarily Litecoin) are being used to trade Karma at a more granular rate while the price is being locked in on the Bitcoin market.
However, this is considered by many to be an inconvenience and still only offers limited protection against sell and buy walls that form on the Bitcoin market.
Suggested implementation for exchanges:
1. Make the relevant notices to customers;
2. Suspend trading on the Karma/BTC market;
3. Back up data;
4. Make the relevant changes to the displays on the market order page;
5. Cancel all orders on the market;
6. Make changes to the order database if required; and
7. Put the buy/sell orders back onto the market to 5 decimal places instead of 8. This should result in a very small decrease to buy/sell orders on the market.
Other solutions:
Mintpal is the only major exchange for Karma that would have trouble implementing this because they have already opened the Bitcoin/Karma market. New exchanges (or exchanges without Karma markets) could implement this system without having to worry about current orders.
+1. A good suggestion. What would the downsides be to doing this?
anyone else excited we are so close to moving to x11 algo?
my gpus cant wait
my gpus cant wait
What kind of GPUs are you using?
anyone else excited we are so close to moving to x11 algo?
my gpus cant wait
my gpus cant wait
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
you cant lose any money just because you didn't update your wallet.
the only thing that will happen is that you cannot transfer any money (KARM) until you update your wallet.
that is of course provided the majority of the users move onto the new wallet.. which they should do.
this is why it is not really necessary to have any kind of mass messaging to tell everyone to change.. because as soon as they discover their wallet cannot send coins.. they usually update their wallet...
well that's what smart people do.. of course there are newbies who will come onto the forums and complain that their wallet stopped working before even bothering to check if they have the latest wallet..
mintpal and cryptsy have confirmed that they are aware of us forking and will be prepared.
to be %100 safe you should always be in control of your own coins.
not to spread fear, if you have no other options but leave your coin in the exchange then you should be okay too.
if you have no means to sell/trade your coins anytime soon my personal advice would be to move your coins in your wallet anytime a hard fork is being executed
cheers
-Who
to be %100 safe you should always be in control of your own coins.
not to spread fear, if you have no other options but leave your coin in the exchange then you should be okay too.
if you have no means to sell/trade your coins anytime soon my personal advice would be to move your coins in your wallet anytime a hard fork is being executed
cheers
-Who
I would even say to use exchanges just to buy/sell and move your coins to your encrypted wallet as soon as possible.
What about exchanges? Can I just leave on balance and It will be OK?
Depends on how competent are the guys behind the exchange.
I would not trust them my coins until they migrate to the new wallets.
But that is way I'm...
Migrating your coins to a local wallet (running on your computer) makes much more sense to me.
Just make sure you are running the new wallet (0.8.6.5).
mintpal and cryptsy have confirmed that they are aware of us forking and will be prepared.
to be %100 safe you should always be in control of your own coins.
not to spread fear, if you have no other options but leave your coin in the exchange then you should be okay too.
if you have no means to sell/trade your coins anytime soon my personal advice would be to move your coins in your wallet anytime a hard fork is being executed
cheers
-Who
thank you for being concern. the new wallet already for update have alert msgs where we can let others know its time to update!
Perfect!
You are great!
thank you for being concern. the new wallet already for update have alert msgs where we can let others know its time to update!
Perfect!
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
Yes, you can and should download it now.
About losing your coins...
That is the worst possible case (and not likely) if you use the old wallet after 31 July.
I do not even know if that is possible...
What would most likely happen would be that the network would invalidade transaction made with the old wallet.
(please correct me if I'm wrong)
I did it long ago, but ... I say, because I read! There are people who do not have the time or opportunity.
Please DEV to discuss with the team that I think a good idea and if it is possible to implement it in the next update of the wallet. Thank you!
If there is a decentralized way to do this, i.e. inform the users through some message inside the wallet that there is new update that is mandatory, then I'm for it.
Otherwise I'm against it, because it opens the network to hackers that by attacking the centralized server (that informs wallets about the new version) can lure most users to install rogue (made by the hackers) wallets.
To allow that to happen would be a very bad decision.
That's what I'm talking about! Message green that has a recommended update and red, it is a must!
That would be nice.
Green for recommended and red for mandatory
Now we need to think about how to implement this (has this already been done in other coins?).
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
Yes, you can and should download it now.
About losing your coins...
That is the worst possible case (and not likely) if you use the old wallet after 31 July.
I do not even know if that is possible...
What would most likely happen would be that the network would invalidade transaction made with the old wallet.
(please correct me if I'm wrong)
I did it long ago, but ... I say, because I read! There are people who do not have the time or opportunity.
Please DEV to discuss with the team that I think a good idea and if it is possible to implement it in the next update of the wallet. Thank you!
thank you for being concern. the new wallet already for update have alert msgs where we can let others know its time to update!
As far as the statement that you might loose coins it is just to be safe. Everyone's coins should be safe. No mater when you update your wallet QT your wallet.dat "never" changes and your coins will be safe!!
your coins are in your wallet.dat file and the wallet.dat file get recognized by the blockchain or karmacoind. All the wallet Qt do is make it user friendly to use karmacoind and wallet.dat
everyone should be safe. thats is why we had to use the best guy to help us fork the easiest method possible for our users. all you have to do is download new wallet. thats it
cheers
-who
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
Yes, you can and should download it now.
About losing your coins...
That is the worst possible case (and not likely) if you use the old wallet after 31 July.
I do not even know if that is possible...
What would most likely happen would be that the network would invalidade transaction made with the old wallet.
(please correct me if I'm wrong)
I did it long ago, but ... I say, because I read! There are people who do not have the time or opportunity.
Please DEV to discuss with the team that I think a good idea and if it is possible to implement it in the next update of the wallet. Thank you!
If there is a decentralized way to do this, i.e. inform the users through some message inside the wallet that there is new update that is mandatory, then I'm for it.
Otherwise I'm against it, because it opens the network to hackers that by attacking the centralized server (that informs wallets about the new version) can lure most users to install rogue (made by the hackers) wallets.
To allow that to happen would be a very bad decision.
That's what I'm talking about! Message green that has a recommended update and red, it is a must!
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
Yes, you can and should download it now.
About losing your coins...
That is the worst possible case (and not likely) if you use the old wallet after 31 July.
I do not even know if that is possible...
What would most likely happen would be that the network would invalidade transaction made with the old wallet.
(please correct me if I'm wrong)
I did it long ago, but ... I say, because I read! There are people who do not have the time or opportunity.
Please DEV to discuss with the team that I think a good idea and if it is possible to implement it in the next update of the wallet. Thank you!
If there is a decentralized way to do this, i.e. inform the users through some message inside the wallet that there is new update that is mandatory, then I'm for it.
Otherwise I'm against it, because it opens the network to hackers that by attacking the centralized server (that informs wallets about the new version) can lure most users to install rogue (made by the hackers) wallets.
To allow that to happen would be a very bad decision.
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
Yes, you can and should download it now.
About losing your coins...
That is the worst possible case (and not likely) if you use the old wallet after 31 July.
I do not even know if that is possible...
What would most likely happen would be that the network would invalidade transaction made with the old wallet.
(please correct me if I'm wrong)
I did it long ago, but ... I say, because I read! There are people who do not have the time or opportunity.
Please DEV to discuss with the team that I think a good idea and if it is possible to implement it in the next update of the wallet. Thank you!
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
Yes, you can and should download it now.
About losing your coins...
That is the worst possible case (and not likely) if you use the old wallet after 31 July.
I do not even know if that is possible...
What would most likely happen would be that the network would invalidade transaction made with the old wallet.
(please correct me if I'm wrong)
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
Sorry, but.....http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722
It says: You can download and use this now. No need to wait for block 255,000. You must install this before July 31, 2014. Otherwise you may lose your Karma.
What about exchanges? Can I just leave on balance and It will be OK?
Depends on how competent are the guys behind the exchange.
I would not trust them my coins until they migrate to the new wallets.
But that is way I'm...
Migrating your coins to a local wallet (running on your computer) makes much more sense to me.
Just make sure you are running the new wallet (0.8.6.5).
What about exchanges? Can I just leave on balance and It will be OK?
What happens if someone has a lot of KARMA in your wallet, but ... I do not read every day topic here or the official forum??? Most likely you will lose everything just because your wallet is updated and because there is time and opportunity to read the time.
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
Given the switch to X11 each algorithm must be upgraded wallet? But not everyone will do it, because there is time and opportunity to follow the latest news. What can we do to get notice of an upcoming update to the new wallet to an investor??
To implement a function similar to many programs that communicate which version is the wallet and the date of creation. Whenever there is a mandatory or recommended a new update, the trigger function will report wallet for the new update.
In this way everyone will know that you need to update! It's important to make before moving to X11 to no then ... oh dear mother!
Please comment and whether the idea is applicable!
Greetings!
You will not lose any coin if you forget about karma even for 1 year in your old wallet software.
What happens is that transactions done with the old wallet software after 31 July will not be valid.
Everyone should update to the new wallet software before they perform some operation in the network (e.g. send Karma to someone).
It is just a good practise to do it as soon as possible, so that you will not forget do do it.
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