Topic: [ANN][KARM] Karma / ₭ / X11 - page 240. (Read 583278 times)

on contrary. people did valunteered.

the project was pushed away because of few reasons. One of them was funding. We decided to focus funds in improving lill.com first. secondly time : We were more focused in improving our code and strengthening our blockchain.

Karma team was looking for someone, who lives around to attend, but as far as I know, nobody volunteered.

Did anybody attend the Bitcoin conference in Chicago?

If so, how did it go and did we have a Karma Booth?

No more News section on OP? If so, is it possible to remove it from translated OP?

Hi, great job guys!.

Retweet some tweets: https://twitter.com/BitTanker

 

When we have successfully forked to X11 (and have taken care of some other outstanding issues, as noted in its original post) then I can discuss what I know so far.

As mentioned, we have not put Lill up for sale. It's an offer made by an interested party. Our focus is on adding value as much as we can to the Karma ecosystem, and this includes my exploration of a VC that is interested in Lill. Now that I know the nature of his interest we can know how to weigh it.

My first priority is to Karma, so now I am making sure that we make the shift to our new, energy-efficient algorithm successfully so that we can continue to talk about Karma in a good way.

The nature of cryptocurrency is quite feeble and perhaps a bit schizophrenic, with over-saturation in the marketplace and lack of trust in coins (with most coins failing within 30 days). Our plan is for Karma to not only be alive in 1 year and beyond but successful. That will not happen if we are focused on day-to-day price movement.

Problems arise when we apply altcoin thinking to Karma. Karma is born of this, but is so much more. Karma is something unique, with long term vision and goals since the new team started 3 months ago.

Many of the cryptocurrency community now have short term intentions for immediate profits. I liken this to the difference between day traders in stock markets and the truly wealthy, who have built up fortunes by balancing wisdom with patience. Such irrational exuberance was promoted by the "dot-com boom" that many of us don't remember well enough. And now we have a cryptocurrency boom, with the same kind of actors and conditions in place.

We are more like Amazon and less like WebVan.

Go Karma!

Thank you!

10 000 sent.

What do you think about this idea:

we could have an option in the wallet where you could set a certain percentage of all transactions which goes directly to one of the Karmafund.me causes or to a development fund for lill.com? Totally optional of course.

100% agree with the sentiments expressed by these 2 members. Also, I'm a bit bummed (like the other poster) to see Karma move completely away from Scrypt and matriculated fully to x11. In a parallel universe I would have liked to see the option to mine this great coin on a given pool using either algorithm options as a choice that each miner could make for themselves. That said, appreciate the proactive, assertive moves that Karma has always been a part of!

Good Karma to all.

Doing good is good!

The saving innocence fundraiser has raised now 83% of its goal. We are slowly approaching the goal. Maybe now everybody can see why I did not opted for a 25 mio fundraiser... Here,  also small donations have a visable impact contributing to the goal. Small donations are welcome. Thanks for the last 2700 Karma, whoever that was! And be nice to each other out there.


http://karmafund.me

+1 no need for Karmadrama

Why don`t we first, as a community and in that matter extended Karma team, start promoting X11 as much as we can, everywhere we can and maybe on a later stage, after month or so, ask a questions about next big thing?

so what will be the next change in the karma project.

No. We are not changing anything yet. We had to stop that project short. Even thought it almost was a split between  "for yes" and "for no" we started seeing too much arguments and we felt people were starting to distance away from the frustration at the others voting for the opposite. At the same time this would have been something that has never been done before (as far as i know) and it would be a serious code effort.

Since our main focus is to get the x11 algo out of our way first , then considering all the time , effort and resources needed for it and seeing our community up in heated arguments , the team decided to put this project on hold for a later day, or perhaps never. its not something we should keep up for discussion at this moments.

Even though we did not change any parameters ,forking into x11 algo should bring back a lot of miners that we lost due to the hot summer. Also we could be the new hot coin that all the X11,13,14,15,etc algo miners might start mining. This will help our coin's distribution a lot. since it will be harder to mine karma.

There is also the hopes that we will attract all the chinese miners. they love x11 algo due to the lower energy spent to mine it. Hope those miners will help Karma spread around Asia's continent.

ah man. everyone need to calm down. if you feel like people are trolling then just let them troll. replying to that only floods the thread with more pointless drama. lets avoid that.

to anyone else, who are coming here now asking question please read some older post. go back a few pages. you will find most of your answers answered already.

especially lill.com. We told you to not read between the lines. The announcement was not for a concrete sell, we simple said we got approached. and the approached then turned serious. what this means is that :one , the VC verbally said he wants lill.com (not in contract) and two , we got a sum offering. Since we are trying to be as transparent as we can then we shared this news with you all. Kosmost was the one that was involved and he posted the announcement post. Every single person in the team read about it at the same time the public did. Kos chose to post it to the public to be as fair as possible. It was an announcement to share some good news. news that were encouraging. One of our most popular IPOCOs got an offering already. which is successful news. whether the deal goes through or not. It means that we are on to something that shows interest.

If our team's history has shown anything is that we try to be as transparent as possible and we do not lie. When we say we will do something it's after we are %20-50 already trying to get that done.

Therefore when Kosmost makes a huge public post about something, then rest assure that things are in motion. We do not need to fake promises.

Yeah, cool. Great news guys. Thank you very much for everything. This is another great path of our journey. You are awesome!

i was wondering to is their even a non binding letter of intent for the sale?

As far as I know nothing has been changed to the current block reward table/schedule.

Does this new update do anything for the subsidy?  I'm curious if there was any planned cuts to the subsidy and/or max hardcap.  Seems like a lot of over diluted coins are doing that now which is a great idea since it's identical to a stock BuyBack only it doesn't cost anything dollar-wise.

Regards...