Topic: [ANN][KARM] Karma / ₭ / X11 - page 254. (Read 583120 times)

Good decision not to do reverse split

90 bil coins of karma is really good to use widely

I think the update about x11 and algorithm is more important

I love Lill, it is Karmashare's flagship. But it has reached a point where it can't realistically be finished without outside investment (paid devs). Like Triff I would prefer a solution where an investor would come in and offer funding of development, in return for a minority stake. That is my favourite scenario.

What is now on the table is a flat out sale. I would only consider selling if it'd generate north of 100,000$ - prefrably several times that amount.

While it would mean "loosing" Lill, it could turn out to be a significant boost to Karmashare's long term goals. The iPOCOs were always meant as a kind of "crypto startup incubator". Well incubators are in the business of nurturing ideas and then selling them when the opportunity rises. The profit this sale would generate would make Karmashares so much more flexible:
* It would be one of the (if not THE) single biggest "financial events" in altcoin history, generating a lot of invaluable publicity.
* That and the PR agency could turn Karma from "not-quite-a-shitcoin-anymore" to the levels of "crypto-number-3-competitor".
* Developers could be hired to work on the various projects and help them get done faster.
* Part of the profits could be paid out to shareholders, rewarding them earlier and higher than most expected.
* It would most likely start another Karma-boom, as such returns cannot by had by just owning any other coin and it is not too late to catch the boat.
* A raise in Karma value would increase the worth of Karmashares "stash" significantly, which makes it easier for the company to "cash out" smaller amounts to finance future developments.

None of this is guaranteed to happen, but chances are pretty good it would cause some waves and give Karma a bigger profile (and marketcap).

I am waiting KARMA to move to x11, then I will start mining KARMA

I may not agree with every decision ..
But .. at least we make them and move on !!

Value creation, I believe is the topic ..

Let's not be too hasty with a sale of lill.com  
I see lill.com as our principal revenue generating asset in the LLC
and while it's great news that outside parties have an interest in the project
I'd be opposed to selling anything other than a minority stake assuming lill.com
needs the development capital ..

Any other thoughts opinions ??

Triff ..

Good decision. Let's concentrate on adding value/demand....

Agreed, I am glad the team decided so quickly.

It is good that this discussion is over. Obviously most of the community members have a different opinion on this topic, so it is better then to keep current number of coins. Now let`s all continue to support KARMA as much as we can.

https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-xpa1/t1.0-9/10505496_10152478103861840_8329931516700928599_n.jpg

Please be patient, a formal update will be made soon.

May I ask detail update schedule?

X11 algorithm

Side chain

Reducing total number of coins

There are lots of thing~ I want to know the schedule!!

What? When?

Congrats all that selected Germany in the KarmaWorldCup!


Germany  500,000
              500,000
              100,000
            1,000,000
            1,000,000
               100,000
            1,000,000
              100,000
            1,000,000
            2,000,000
              250,000
            7,550,000

Total Pot for us = 34,000,000

+1 thanks a lot Alphi

further update on the mintpal saga.

people are saying on the vericoin thread..
8 million vericoin stolen equates to about $2,000,000 or 1/3 of all the vericoin in circulation.

my take...

if the thieves manage to keep the coins then they can stake them and get 1/3 of all new coins being created for eternity and for doing absolutely nothing (as vericoin is PoS) and mintpal will have to absorb a massive financial hit.

I believe that vericoin and mintpal have no other choice than to hard fork and roll back the vericoin blockchain which will effectively void every transaction that happened since the attack. this is because if they do not.. they will both suffer immensely.

what we are seeing played out in realtime before our very eyes, is what could happen to Karma if people continue to hoard coins and store them in centralized places like exchanges. this is why I have always been against policies that encourage hoarding and centralization of coins.

the message is clear... encourage people to spread the coins around and keep them safely tucked away where only they have access to them.

Thanks for the heads up, as a precaution i went ahead and moved my coins to my wallet just in case. I trust Mintpal as it's a very good exchange but it never hurts to take precautions.    

1. No, we are only changing the mining algo.

2. No.

3. This is most likely not happening so please disregard.  More info to come. 

hey I have a lot of Karma coin and still I have been following this thread, I have a few questions because the answers are not clear what to do next, and kidding increasing doubts

1 Do KARMA as the script goes on X11 This creates a new currency will only name KARMX ?

2 Will there be two parallel currencies KARM and KARMx ?

whether their main chain will be linked together ?

3 If I come to the denomination (eg 1000:1) KARM whether the exchange will take place in the portfolios of the machine and you will need to make a simple exchange will send you as creators of the indicated address and you would send a new currency KARMx? as it has happened with SAT = SAT2 or LIM = LIMx?

Please reply on the forum so that we all understand and be clear because I know that not only did I have such questions.

yep what I am concerned about is that Mintpal are claiming they are working to hardfork vericoin to get their coins back.
this has already created a backlash within the vericoin community. On the one hand if it was all mintpals fault and they can influence the vericoin devs to hard fork and reverse transactions then that sets a dangerous precedent.
on the other hand if they are unable to hard fork vericoin then mintpal could end up freezing funds (like vircurex) or going into insolvency.

this is why I posted here in this thread.. just to give people a heads up to keep their eyes open and watch closely because it could end up affecting all people who use mintpal.

lets hope not.. mintpal is a good site and I would hate to see i have to halt trading for any extended period of time.

10x. And this is also another reminder how important are this changes -http://karmashares.com/forums/index.php/topic,381.0.html

But overall Your coins are safe in your wallet protected with password. Keep them there.