Topic: [ANN][KARM] Karma / ₭ / X11 - page 263. (Read 583120 times)

A reverse split would be a good idea if we were faced with being back on the Litoshi only market.   We would simply move the decimal place over one digit.  The value and scarcity would place the market value versus BTC x10 so we would go from 3 satoshi to 30 satoshi per KARM.   Everyone's wallets would go down 90% of course, but it would all even out in the end.   Instead of 55M KARM there would be 5.5M KARM.  Instead of the eventual 92B KARM it would be 9.2B KARM.  A reverse split is something used all the time by stocks that are in danger of being delisted.

http://www.investopedia.com/terms/r/reversesplit.asp

It has no use to talk about this as Shawn is talking about a ltc only market. If this market would ever occur again you can start digging a grave for karma already. We have to look at is positively, although the drop from 600 --> 300 litoshi is huge. Any comment on that? And when will there be new implementations, without this we will stay at 300 or lower.

Chin up and buy them cheep coins. whole markets are lacking buyers. i am guessing everyone is holding to their btcs thinking bitcoin will go up. Silly buyers.



Whats everyone thoughts on our POW block rewards? 35,000 coins a block? good size? too big? not big enough? perhaps we cut down to 3500 coins a block?

What about opinion about splitting back our coin to a 10:1 ratio? 1,000,000 coins to revert into 100,000 coins? 5:1 ratio? 3:1? 2:1?


lets have some fun arguments!

Brazil V Germany in a few hours... Brazil missing one of their star players, this could get very interesting for Karmaworldcup betters if Brazil loses.

You'd think with half of the new coins coming out being complete organized pump and dump scams people would smarten up and start putting their BTC in established coins with potential.


hint hint -> Karma

Congratulations to KARM for its progress in our voting, don't forget to keep supporting it. And be sure that if you become a market maker for Karmacoin, it will be added at once.

To support your loyal community we decided to create an original and recognizable image. It needs a name, and it's up to you to come up with something suitably memorable for the guy!
Karmacoin is now in the top 20 and your active voting will most likely put it in the lead sooner or later.

what are you talking about? overstock.com and newegg aren't major corporations?

selling a real gold mine for $2 million dollars of bitcoins isn't using bitcoins in a meaningful way?

I think that an 8 billion dollars market cap represents a pretty serious investment in bitcoin.. bitcoin dwarfs any other crypto coin by both size and volume of transactions (even those who claim to be "more anonymous")

do you really think that authorities around the world wont act to ban coins with inbuilt anonimising features?

do you really want Karma end up being used in websites like Silkroad 3.0 or Jihad.com ?

I am doing some analysis on the blockchains of various crypto currencies.

the blockchain size of Darkcoin is 251mb   the blockchain size of Karma is  326mb

what this suggests to me is that people are investing in Darkcoin with the hope that its anonymity features will drive adoption, but in reality its is coins like Karma which are currently more widely used.

I am yet to do a more in depth analysis of the transactions, network distribution and growth rates of the various alt coins and it will be interesting to see what I manage to discover.

Darkwallet (for bitcoin) is essentially the same thing as DarkSend (for Darkcoin) and I suspect this is why darkcoin has been losing steam lately (they are both implementations of coinjoin which is currently far from 99% secure)

Karma, on the other hand has a lively, active and growing community and this is what I believe has caused its recent rise in prices.

If we continue to grow the community and grow the number of transactions the coin will gain in market cap and price naturally without the need for changing the coin every time a new 'trend' comes along.


I think Flava Flav said it best.... "Don't believe the hype!"

https://www.youtube.com/watch?v=9vQaVIoEjOM&feature=kp


PS I just saw your other message.. its all good.

That is not to say that your personal information as a Karma user is in danger. No.
You as a user will have that option if you ever want or need your transaction to be safe from prying eyes.
There are ways and means to do that without going anon.


Thanks easteagle13 ..

Point taken ..

I hadn't considered the inherent conflict presented
by 'anonymous transactions' with the philosphical aspect of KARM

Triff ..

ANON is fancy feature for a coin only. KARMA is not a coin. It is a ecosystem that doesn`t fit into ANON shoes. Simple as that.

KARM and anonymous transactions

"Anonymous Transaction Capability" seems to be the flavor of the month ..

Several BitCoin 'whales' and numerous 'Hero' forum members have concluded
that Monero ( XMR ) and BoolBerry ( BBR ) offer the most robust solutions to
what they see as a serious BitCoin 'flaw' ie the ability to 'data mine' the public ledger
that is the BitCoin Block Chain ..

Read all about it here ..

https://bitcointalk.org/index.php?topic=624223.1280

Like it or not, but certain 'whales' and 'hero' members have a following
on this forum and are able to successfully promote a given point of view ..

A concensus appears to have been reached as to the absolute desirablity
for a 'coin' that offers true anonymous transaction capability and that
XMR in particular has the required capabilites making it an 'investable' option ..

NXT appears to be aware of this trend/issue and just announced a "pNxt"
( asset? or sidechain? ) with anonymity .. See post #4243 on page #213

https://bitcointalk.org/index.php?topic=587007.msg7734997;topicseen#msg7734997

I can follow the arguement with regards to anonymous transactions ..
No wealthy individual or major corporation will want to utilize BitCoin
in a meaningful  way when anyone can recreate/observe their every financial
move via the Blockchain .. One certainly wouldn't post their monthly credit card or
bank statements to their facebook page for instance !!  

I have no idea how easy or difficult it is to 'add' anonymity to an existing coin's feature set ..
There were several comments in the above referenced thread that seemed ( to me ) to indicate
that BitCoin could not adopt 'true' anonymity and thus the search for an alternative coin ( XMR ) ..

I'm just throwing this out to our devs as a 'feature' for future consideration as KARM evolves ..
It would be neat if "anonymous transaction" was a 'send coins option' from within the wallet ..

My assessment of AT could be wrong, but this is a 'trend' that needs watching ..

Triff ..  

The main question is at what stage KARMX when it is running?

and as they go to work on a combination KARM with KARMX? whether it is at all possible?

Stop saying 1 Satoshi. 

I see an incredible lack of slack in the stock market turnover, I think that the lack of good information bring the price within two days to 1 satoshi, and this raises another problem that mintpal not want to lose market KARM / BTC from what I remember this market has been turned on for test and turn us fades taking into account yesterday the big players are selling KARMACOIN

The main question is at what stage KARMX when it is running?

and as they go to work on a combination KARM with KARMX? whether it is at all possible?

So does everyone have their X11 rigs ready to go? Just curious of what people will be running and what their expected X11 hashrate will be? Looking to get squared away before the fork :-)

Thanks for the welcome! No, I don't have any connections over at MecuryOne Studios... I'm just a fan of Becks and subscriber to The Blaze internet TV/radio. I figured since I'm passionate about both the blaze and karma that I wouldn't mind investing some time into trying to inform them of karma and any charity pushes we may propose doing for them. I'm an independent technology/business strategy consultant so I have a lot of experience in putting effective and polished proposals together. But with that said, if the plan is to have an official PR firm then we can let them handle communications - I'm just thinking if we wanted to move on something like this before we have such a firm on board.

Monero is now available on bitbtc with just 1135 votes. This has to be a market maker addition. I strongly encourage active traders to review this https://hitbtc.com/mm and contact the hitbtc team. Obviously it would be impossible to keep Karma within such a tight range, however larger spreads may be negotiable.

If this isn't an invitation I don't know what is. This hasn't only been posted here so lets get cracking.

I encourage everyone to sign up to the site, vote and then vote every day. Approximately every 24 hours I'll post an update here on our progress and remind people to vote.

We don't need the most votes, we just need to show our potential. It is possible with two market makers (https://hitbtc.com/mm), perhaps coupled with a decent number of votes, Karma will be listed on hitbtc. Even if we aren't listed in the next 3 months, your votes over the next 3 months will help us get there in 3 months instead of 4, 5 or 6 months.

Day 5:
Rank 1: NFD Coin 13855 (24 hr gain +701) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 2: GlobalBoost 12998 (24 hr gain +4) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 3: BlackCoin 10517 (24 hr gain +85) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 4: Latium 6884 (24 hr gain +279) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 5: Isracoin 3863 (24 hr gain +1131) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 6: Mintcoin 3032 (24 hr gain +247) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 7: VirtaCoin 1644 (24 hr gain +286) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 8: Bytecoin 1533 (24 hr gain +236) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 9: Vertcoin 1361 (24 hr gain +7) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 10: NEMcoin 1003 (24 hr gain +5) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 11: duckNote 857 (24 hr gain +15) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 12: Darkcoin 843 (24 hr gain +3) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 13: Fantomcoin 550 (24 hr gain +1) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 14: biebercoin 520 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 15: Nascoin 518 (24 hr gain +0) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 16: Primecoin 476 (24 hr gain +0) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 17: KarmaCoin 441 (24 hr gain +43) (last 7 days gain +279) (gain since day 0 +279))
Rank 18: Web 2.0 Coin 402 (24 hr gain +3) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 19: 365Coin 379 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))

Sign up to (https://hitbtc.com/vote) then vote. It just just an email address, password and confirmation link in your email. Make sure you sign in so your vote is worth 10 times as much.

To get 1000 points it only takes 100 people voting for 10 points. To get 2000 points it only takes those same 100 people voting an additional 10 times while signed out. Lets get started.

Day 1 results summary:
Karma moved up 8 places from rank 27 to rank 19 in just one day
Karma had the fourth highest votes in 24 hours
At least 7 people didn't sign in to vote! Oops we would be in front of Execoin if you remembered to sign in.

Day 2 results summary:
Karma moved back down 3 places to rank 21 due to the entrance of several new coins
Please ignore the TBA for now, I'll make a formula so it is more automated, I will fill the above in after that is complete, which may be when I post the next one.

Day 3 results summary:
Karma moved up 2 places to rank 19 today.
Sorry guys I dropped the ball on posting this so comparatively everyone else got more votes "today" than they should of compared to us, which is why I have only posted Karma's gain today.

Day 4 results summary:
A lot of movement today for all the other crpytocurrencies but Karma held its position and is catching up to a lot of currencies that get very few votes every day.

Day 5 results summary:
Karma has moved up 2 places again today to rank 17.
Monero is now available on bitbtc with just 1135 votes. This has to be a market maker addition. I strongly encourage active traders to review this https://hitbtc.com/mm and contact the hitbtc team. Obviously it would be impossible to keep Karma within such a tight range, however larger spreads may be negotiable.

It would appear as if you can only vote once while logged in. You can vote as a guest as many times as you want every 24 hours.

Keep it up, please vote again as a new user or a guest today.

Chargin.

I don't mind if Karma drops to 1 Satoshi as long as it is changing hands. If it drops to 1 Satoshi, there is plenty of room for recovery. 


You can only vote once while logged in for some reason.

Lol sounds epic.

I was there at the end of the first age of Karmacoin. I saw buywalls the size of small towns crumble and then the earth opened up and swallowed Karmacoin. People told stories about how it had fallen into the purgatory of the *~+ Litecoin markets +~* and would never return. Well lets say those stories turned out to be just that - stories. Reborn as Karma, this is the dawn of the third age. Lets make this the one that counts and will be remembered.

There is no explanation for such events, dumper's gonna dump. Market psychology. What goes up must come down. Probably someone afraid to miss profit if he waits longer. Hopefully the new owners will have more respect for the coins they purchased. In a few months they'll be sorry. Now lets get back growing this coin...