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Topic: [ANN][KARM] Karma / ₭ / X11 - page 274. (Read 583120 times)

full member
Activity: 184
Merit: 100
July 01, 2014, 06:55:10 AM
Hi! We are the Hitbtc team. Hitbtc is the most advanced exchange. Now everyone can vote for their favorite currency to be added to Hitbtc. You can start voting here: https://hitbtc.com/vote

Among the latest currencies taking part in our vote is Karmacoin. So we invite all of you to take part in voting to add KARM to Hitbtc.
Votes from registered users will be multiplied x10!

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 and 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.

Day 0:
Rank 1: Nxt  17398 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 2: GlobalBoost 12810 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 3: BlackCoin 9900 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 4: NFD Coin 7771 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 5: Latium 4819 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 6: Mintcoin 2286 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 7: Vertcoin 1294 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 8: Monero  1000 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 9: NEMcoin 935 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 10: Nascoin 515 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 25: Reddcoin 165 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 26: Karmacoin 162 (24 hr gain +0) (last 7 days gain +0) (gain since day 0 +0)
Rank 27: Mjollnircoin 150 (24 Hr gain +0) (last 7 days gain +0) (gain since day 0 +0)

Do you really think any of them are better than Karma?

Sign up to (https://hitbtc.com/vote) then vote. Make sure you sign in so your vote is worth 10 times as much.

To get 1000 points it only takes 10 people voting for 10 points every day for 10 days. Lets get started.

Chargin.
sr. member
Activity: 406
Merit: 250
July 01, 2014, 06:54:59 AM
Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would  definitely lower this ratio.


I am not suggesting to increase ratio to 5x, but to decrease revenue for KARMA coin, or to make Shares trade-able. And it really does not matter what is written in Bitcointalk forum, if official web page says something else. We are searching for new blood, new blood does not read this thread. Official web page makes Karma Coin much more valuable compared to KarmaShares than it really is. Those information on that page are simply not true. As someone said, most of KarmaShares is hold by 15 people. We need to get hundreds of new shareholders. Those shareholders will bring new Expensive Karma Coins to the project. First investors bought KarmaCoin for 10-40 litoshi. They got 5-10x multiplier for shares. KarmaCoin is now at 450 litoshi. The revenue for early shareholders is 50-100x higher than for those who come now. So those new investors have to pay 50x more money to get same shares as early shareholders got. But KarmaShares company need new investors. We need new money to be thrown into project. The more people invest into KarmaShares, the more value those shares have. We need new blood and new money to be thrown into new projects.  Hence we need to make KarmaShares attractive. They are not attractive now. Karma coins holders does not help KarmaShares company, only KarmaShares holders help it.

It is written on Karmashares.com which is the official website:
How Many Shares Do I Get?
You will get 1 point for every 1,000 coins exchanged.
There is a 5,000,000 coin minimum.
There is no limit on the number of points you can claim


Can I Still Participate After May 10, 2014?
Of course. We are reserving points for all 92 billion coins. But keep in mind that if you want shares after May 10, 2014 you'll only get a 1.75x point multiple when you exchange coins.

So, you get 1 point for 1000 coins which will be multiplied by 1.75.
If you have suggestions how to improve and make more transparent the info on all KARMA sites make a proposal to KarmaTeam, but try not to just throw "simply not true".
Actually, the most important thing in Content Management and Knowledge Management is to have the same info on all information resources. So, yes, it is very important what is written on OP here. It is equally important to all KARMA sites, pools, forums, etc. I presume that you are fan of "Vampire diaries ", "Twilight" and "True Blood". I am also. lol. Grin New blood will come, don`t worry. About who is reading and who is not. Actually I doubt that somebody has statistics who is reading what. So we can`t just throw that "nobody is reading here or elsewhere". BTW, a very good idea came from this. If somebody can accumulate data stats for all KARMA sites and here, it will be invaluable from marketing perspective.
Of course with the growing of KARMA the coin, raising funds and develop projects, new investors will come. And believe me, they will not  be small time so called "whales" because they run 1000 or 2000 bitcoins for speculations. As you know KARMA is ment to be and will be multi billion corporation and if I paraphrase somebody known to us, I will say that in this future time only the glass of your watch will be worth hundreds of bitcoins. We are not talking here of some home guy struggling to compile a wallet to start new clone. The Dev team knows what they are doing. They are just like you and me, but having vision, knowledge and skills that we don`t have. So we should trust them. As you know many thousands of dollars came from their pockets to create Karmashares and to revive KARMA. I am sure that they will figure it how to make shares possible and easy to trade. Let them first catch breath, enjoy the great things they have achieved and continue to path they have chosen. We all want shares to be able to trade. We are not insane not to. Resources are limited, so they must be pointed into the proper task, not scattered in many different directions.
Of course revenue for early adopters will be 50-100x than current prices. And current investors will get 50-100 more revenue than the people who will buy at 300-600 satoshi. This is obvious. I don`t understand why should we discuss it. Is it just a reminder to those who still don`t have shares and KARMA to hurry? Karmashares are very, very attractive. They are not less attractive than yesterday or two moths ago. So, if somebody missed to buy, tell them to hurry, until KARMA the coin is still on this low levels. Understand one thing. This idea of Karmashares is genius. It helps the coin and vice versa. So, it is just the opposite. Share holders helps coin holders and coin holders helps Karmashares holders. Go to our forum discussion to see how funding will be maintained and you will understand this concept.
sr. member
Activity: 448
Merit: 250
July 01, 2014, 06:45:28 AM
Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would  definitely lower this ratio.


I am not suggesting to increase ratio to 5x, but to decrease revenue for KARMA coin, or to make Shares trade-able. And it really does not matter what is written in Bitcointalk forum, if official web page says something else. We are searching for new blood, new blood does not read this thread. Official web page makes Karma Coin much more valuable compared to KarmaShares than it really is. Those information on that page are simply not true. As someone said, most of KarmaShares is hold by 15 people. We need to get hundreds of new shareholders. Those shareholders will bring new Expensive Karma Coins to the project. First investors bought KarmaCoin for 10-40 litoshi. They got 5-10x multiplier for shares. KarmaCoin is now at 450 litoshi. The revenue for early shareholders is 50-100x higher than for those who come now. So those new investors have to pay 50x more money to get same shares as early shareholders got. But KarmaShares company need new investors. We need new money to be thrown into project. The more people invest into KarmaShares, the more value those shares have. We need new blood and new money to be thrown into new projects.  Hence we need to make KarmaShares attractive. They are not attractive now. Karma coins holders does not help KarmaShares company, only KarmaShares holders help it.

Hey ~ when karma is under 10 latoshi
that time many people didn't buy karmacoins
But over serveral month, the dev and team goes their own way under that price
And the period of multiple-share changing was over one month!
Then the price goes high it's become unfair?
All chance are opened for all and someone get the chance under darkness season
and someone get the chance more clear time
High risk high return. Low risk low return.

The bit is also under 10 bucks just an years ago
That time people bought that for earning money? no. Just fun to buy.
But now people buy bits over 600buck. That's unfair??
Share is too. If the LLC is really good? Then many people invest
If not? They didn't invest
Don't focus on missing bus.
There are many great things still exist! Wink

karmacoin was over 10 satoshi passtime.
I saw the price of my karmacoins decreased 5000%
care with the price of bitcoin that time. 7500% decreased!!
Karma has passed really dark time. And now cameback
I want to give you this patience and potential of karmacoin^^

Good luck~!


Hmm, I don't think you understand the text I have written. I am early shareholder, I have bought my Shares cheap. But what I see, there is no interest in KarmaShares. Peope are buying Karma to hold it and sell it, not to trade it for KarmaShares. Hence it means something is wrong. If price increase of Karma is driven by KarmaShares company, than KarmaShares should be hot like gold. They are not. People do not want them. As I wrote earlier, reason is, they have no reason to that. They will w8 for KarmaShareholders to do the hard job, to push Karma price up and than they will sale. KarmaShares holders are taking all the longterm risk and do not have an option to take short-term profit.

Socoban, I can see you point. More Shares should be sold. Principally, yes you are right and the team wil look into this as soon as we get some breathing betweeen all the stuff we are doing. There are more things to consider with the shares than you mentioned and be assured that we will not forget this issue. However, please be a bit patient now until we implemented the technical changes wrt to x11 and sidechain. Thank you, your KarmaKaguy
sr. member
Activity: 525
Merit: 250
July 01, 2014, 05:59:59 AM
Hi! We are the Hitbtc team. Hitbtc is the most advanced exchange. Now everyone can vote for their favorite currency to be added to Hitbtc. You can start voting here: https://hitbtc.com/vote

Among the latest currencies taking part in our vote is Karmacoin. So we invite all of you to take part in voting to add KARM to Hitbtc.
Votes from registered users will be multiplied x10!
sr. member
Activity: 314
Merit: 250
July 01, 2014, 05:58:20 AM
Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would  definitely lower this ratio.


I am not suggesting to increase ratio to 5x, but to decrease revenue for KARMA coin, or to make Shares trade-able. And it really does not matter what is written in Bitcointalk forum, if official web page says something else. We are searching for new blood, new blood does not read this thread. Official web page makes Karma Coin much more valuable compared to KarmaShares than it really is. Those information on that page are simply not true. As someone said, most of KarmaShares is hold by 15 people. We need to get hundreds of new shareholders. Those shareholders will bring new Expensive Karma Coins to the project. First investors bought KarmaCoin for 10-40 litoshi. They got 5-10x multiplier for shares. KarmaCoin is now at 450 litoshi. The revenue for early shareholders is 50-100x higher than for those who come now. So those new investors have to pay 50x more money to get same shares as early shareholders got. But KarmaShares company need new investors. We need new money to be thrown into project. The more people invest into KarmaShares, the more value those shares have. We need new blood and new money to be thrown into new projects.  Hence we need to make KarmaShares attractive. They are not attractive now. Karma coins holders does not help KarmaShares company, only KarmaShares holders help it.

Hey ~ when karma is under 10 latoshi
that time many people didn't buy karmacoins
But over serveral month, the dev and team goes their own way under that price
And the period of multiple-share changing was over one month!
Then the price goes high it's become unfair?
All chance are opened for all and someone get the chance under darkness season
and someone get the chance more clear time
High risk high return. Low risk low return.

The bit is also under 10 bucks just an years ago
That time people bought that for earning money? no. Just fun to buy.
But now people buy bits over 600buck. That's unfair??
Share is too. If the LLC is really good? Then many people invest
If not? They didn't invest
Don't focus on missing bus.
There are many great things still exist! Wink

karmacoin was over 10 satoshi passtime.
I saw the price of my karmacoins decreased 5000%
care with the price of bitcoin that time. 7500% decreased!!
Karma has passed really dark time. And now cameback
I want to give you this patience and potential of karmacoin^^

Good luck~!


Hmm, I don't think you understand the text I have written. I am early shareholder, I have bought my Shares cheap. But what I see, there is no interest in KarmaShares. Peope are buying Karma to hold it and sell it, not to trade it for KarmaShares. Hence it means something is wrong. If price increase of Karma is driven by KarmaShares company, than KarmaShares should be hot like gold. They are not. People do not want them. As I wrote earlier, reason is, they have no reason to do that. They will w8 for KarmaShareholders to do the hard job, to push Karma price up and than they will sale. KarmaShares holders are taking all the long-term risk and do not have an option to take short-term profit.
hero member
Activity: 559
Merit: 500
July 01, 2014, 05:44:26 AM
hide the champagne, the same 6 Satoshi are here  Undecided
I understand you from a new miner's perspective. But from the view of someone who mined it when block rewards were 10x of today and price was less than 1/10th I can only say give it some time. Karma has achieved truly amazing things. It has turned from a so-so clone coin into one of the most exciting and stable growing coins in the entire altcoin scene. And all of that not because of hyping and copying the latest fad-features. But (1) by organically growing a great community, (2) exploring new services/usecases for the coin and creating the perpective for long lasting value and returns with Karmashares.

And you know what? Unlike the 70+ coins that copied Blackcoin's PoW/PoS + multipool aproach, the recent anonymity hype, or other "normal" coin features you can't jsut copy Karmashares. (3) In theory any coin could copy the Proof-of-Coin and LLC idea, but you need the right team, organization, vision and skills to actually make that mean something. And that's where 90% of coins would fall short.

(4) Value has grown like 40x over the past few months and while most profit-taking has already happened before we even returned to the BTC markets, there will always be resistance and after every increase price needs to settle to a new floor, before it can rise further. Karma price has more than doubled since we first talked about this only a few pages back, have some faith and patience my friend. You will be rewarded. Smiley

Great points you emphasized there!

Point 1, If a new Karma curious would look at reddit and karma facebook page they may go :"hmmmmm, too few" Yet that few made the coin overtake many other heavily populated coin communities.

Point 2, A novel coin may attract a fleeting interest like so with PnD's then that's it. late comers are left holding the bag and a dream that somehow it may rise again without basis of hope.

Point 3, Yes anyone can copy what are so far done, but really, it would take a whole lot more to assemble the people behind the scene that made them so.

Point 4, 40X!!!?? This may seem absurd to some. But we have graphs that show it is even an understatement. Try 10 litoshis to 6 satoshis and find what is the ratio.

Our doors are open. Come in anytime. We love to have you here. Bring and receive good Karma.








Actually, it is more than 40x. I have record of deals at 7 litoshi level. So, we are very proud of knowing you and be a little part of this.
Not trying to be a smartass here, but... Smiley

What I did is take the actual conversion rate of LTC to BTC into account. Relative to BTC Karma didn't gain as much, since LTC is now down almost 50%. That plus Karma never really traded at 7 litoshis. It dipped down to 7 ONCE for about 30 minutes. The real floor was 9 litoshis, with regular swings into the 12-15 range. If you combine those two factors then Karma value (in BTC) actually "only" increased ~27x since then (1BTC = 40LTC, 1 Karma = 9 litoshi => 1 Karma = 0,225 satoshi) to now (1 Karma = 6 satoshi).

Sigh, what a downer. So there you have it, guess we'll need a stable rise to 9sat next to make that 40x increase real, who's in?! Wink
sr. member
Activity: 523
Merit: 250
July 01, 2014, 05:33:26 AM
Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would  definitely lower this ratio.


I am not suggesting to increase ratio to 5x, but to decrease revenue for KARMA coin, or to make Shares trade-able. And it really does not matter what is written in Bitcointalk forum, if official web page says something else. We are searching for new blood, new blood does not read this thread. Official web page makes Karma Coin much more valuable compared to KarmaShares than it really is. Those information on that page are simply not true. As someone said, most of KarmaShares is hold by 15 people. We need to get hundreds of new shareholders. Those shareholders will bring new Expensive Karma Coins to the project. First investors bought KarmaCoin for 10-40 litoshi. They got 5-10x multiplier for shares. KarmaCoin is now at 450 litoshi. The revenue for early shareholders is 50-100x higher than for those who come now. So those new investors have to pay 50x more money to get same shares as early shareholders got. But KarmaShares company need new investors. We need new money to be thrown into project. The more people invest into KarmaShares, the more value those shares have. We need new blood and new money to be thrown into new projects.  Hence we need to make KarmaShares attractive. They are not attractive now. Karma coins holders does not help KarmaShares company, only KarmaShares holders help it.

Hey ~ when karma is under 10 latoshi
that time many people didn't buy karmacoins
But over serveral month, the dev and team goes their own way under that price
And the period of multiple-share changing was over one month!
Then the price goes high it's become unfair?
All chance are opened for all and someone get the chance under darkness season
and someone get the chance more clear time
High risk high return. Low risk low return.

The bit is also under 10 bucks just an years ago
That time people bought that for earning money? no. Just fun to buy.
But now people buy bits over 600buck. That's unfair??
Share is too. If the LLC is really good? Then many people invest
If not? They didn't invest
Don't focus on missing bus.
There are many great things still exist! Wink

karmacoin was over 10 satoshi passtime.
I saw the price of my karmacoins decreased 5000%
care with the price of bitcoin that time. 7500% decreased!!
Karma has passed really dark time. And now cameback
I want to give you this patience and potential of karmacoin^^

Good luck~!
full member
Activity: 158
Merit: 100
July 01, 2014, 05:21:09 AM
Wow! I've seen this coin go to litecoin market and now you are back in bitcoin market! Congrats and respect to dev and community.
sr. member
Activity: 429
Merit: 250
July 01, 2014, 05:00:22 AM
Third post edited with last press articles  Wink
sr. member
Activity: 429
Merit: 250
July 01, 2014, 04:54:42 AM
hero member
Activity: 658
Merit: 500
July 01, 2014, 04:46:13 AM
hide the champagne, the same 6 Satoshi are here  Undecided
I understand you from a new miner's perspective. But from the view of someone who mined it when block rewards were 10x of today and price was less than 1/10th I can only say give it some time. Karma has achieved truly amazing things. It has turned from a so-so clone coin into one of the most exciting and stable growing coins in the entire altcoin scene. And all of that not because of hyping and copying the latest fad-features. But (1) by organically growing a great community, (2) exploring new services/usecases for the coin and creating the perpective for long lasting value and returns with Karmashares.

And you know what? Unlike the 70+ coins that copied Blackcoin's PoW/PoS + multipool aproach, the recent anonymity hype, or other "normal" coin features you can't jsut copy Karmashares. (3) In theory any coin could copy the Proof-of-Coin and LLC idea, but you need the right team, organization, vision and skills to actually make that mean something. And that's where 90% of coins would fall short.

(4) Value has grown like 40x over the past few months and while most profit-taking has already happened before we even returned to the BTC markets, there will always be resistance and after every increase price needs to settle to a new floor, before it can rise further. Karma price has more than doubled since we first talked about this only a few pages back, have some faith and patience my friend. You will be rewarded. Smiley

Great points you emphasized there!

Point 1, If a new Karma curious would look at reddit and karma facebook page they may go :"hmmmmm, too few" Yet that few made the coin overtake many other heavily populated coin communities.

Point 2, A novel coin may attract a fleeting interest like so with PnD's then that's it. late comers are left holding the bag and a dream that somehow it may rise again without basis of hope.

Point 3, Yes anyone can copy what are so far done, but really, it would take a whole lot more to assemble the people behind the scene that made them so.

Point 4, 40X!!!?? This may seem absurd to some. But we have graphs that show it is even an understatement. Try 10 litoshis to 6 satoshis and find what is the ratio.

Our doors are open. Come in anytime. We love to have you here. Bring and receive good Karma.








Actually, it is more than 40x. I have record of deals at 7 litoshi level. So, we are very proud of knowing you and be a little part of this.

Thanks, I feel the same way to you. BTW our translated OP pages are now properly linked on the first page by the nation's/language flag.
sr. member
Activity: 314
Merit: 250
July 01, 2014, 04:43:50 AM
Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would  definitely lower this ratio.


I am not suggesting to increase ratio to 5x, but to decrease revenue for KARMA coin, or to make Shares trade-able. And it really does not matter what is written in Bitcointalk forum, if official web page says something else. We are searching for new blood, new blood does not read this thread. Official web page makes Karma Coin much more valuable compared to KarmaShares than it really is. Those information on that page are simply not true. As someone said, most of KarmaShares is hold by 15 people. We need to get hundreds of new shareholders. Those shareholders will bring new Expensive Karma Coins to the project. First investors bought KarmaCoin for 10-40 litoshi. They got 5-10x multiplier for shares. KarmaCoin is now at 450 litoshi. The revenue for early shareholders is 50-100x higher than for those who come now. So those new investors have to pay 50x more money to get same shares as early shareholders got. But KarmaShares company need new investors. We need new money to be thrown into project. The more people invest into KarmaShares, the more value those shares have. We need new blood and new money to be thrown into new projects.  Hence we need to make KarmaShares attractive. They are not attractive now. Karma coins holders does not help KarmaShares company, only KarmaShares holders help it.
sr. member
Activity: 260
Merit: 250
July 01, 2014, 04:40:30 AM
Im a karmashares investor

Is it important to sign my transaction or not?

sr. member
Activity: 406
Merit: 250
July 01, 2014, 04:33:27 AM
hide the champagne, the same 6 Satoshi are here  Undecided
I understand you from a new miner's perspective. But from the view of someone who mined it when block rewards were 10x of today and price was less than 1/10th I can only say give it some time. Karma has achieved truly amazing things. It has turned from a so-so clone coin into one of the most exciting and stable growing coins in the entire altcoin scene. And all of that not because of hyping and copying the latest fad-features. But (1) by organically growing a great community, (2) exploring new services/usecases for the coin and creating the perpective for long lasting value and returns with Karmashares.

And you know what? Unlike the 70+ coins that copied Blackcoin's PoW/PoS + multipool aproach, the recent anonymity hype, or other "normal" coin features you can't jsut copy Karmashares. (3) In theory any coin could copy the Proof-of-Coin and LLC idea, but you need the right team, organization, vision and skills to actually make that mean something. And that's where 90% of coins would fall short.

(4) Value has grown like 40x over the past few months and while most profit-taking has already happened before we even returned to the BTC markets, there will always be resistance and after every increase price needs to settle to a new floor, before it can rise further. Karma price has more than doubled since we first talked about this only a few pages back, have some faith and patience my friend. You will be rewarded. Smiley

Great points you emphasized there!

Point 1, If a new Karma curious would look at reddit and karma facebook page they may go :"hmmmmm, too few" Yet that few made the coin overtake many other heavily populated coin communities.

Point 2, A novel coin may attract a fleeting interest like so with PnD's then that's it. late comers are left holding the bag and a dream that somehow it may rise again without basis of hope.

Point 3, Yes anyone can copy what are so far done, but really, it would take a whole lot more to assemble the people behind the scene that made them so.

Point 4, 40X!!!?? This may seem absurd to some. But we have graphs that show it is even an understatement. Try 10 litoshis to 6 satoshis and find what is the ratio.

Our doors are open. Come in anytime. We love to have you here. Bring and receive good Karma.








Actually, it is more than 40x. I have record of deals at 7 litoshi level. So, we are very proud of knowing you and be a little part of this.
sr. member
Activity: 406
Merit: 250
July 01, 2014, 04:29:42 AM
Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would  definitely lower this ratio.
hero member
Activity: 658
Merit: 500
July 01, 2014, 04:21:44 AM
hide the champagne, the same 6 Satoshi are here  Undecided
I understand you from a new miner's perspective. But from the view of someone who mined it when block rewards were 10x of today and price was less than 1/10th I can only say give it some time. Karma has achieved truly amazing things. It has turned from a so-so clone coin into one of the most exciting and stable growing coins in the entire altcoin scene. And all of that not because of hyping and copying the latest fad-features. But (1) by organically growing a great community, (2) exploring new services/usecases for the coin and creating the perpective for long lasting value and returns with Karmashares.

And you know what? Unlike the 70+ coins that copied Blackcoin's PoW/PoS + multipool aproach, the recent anonymity hype, or other "normal" coin features you can't jsut copy Karmashares. (3) In theory any coin could copy the Proof-of-Coin and LLC idea, but you need the right team, organization, vision and skills to actually make that mean something. And that's where 90% of coins would fall short.

(4) Value has grown like 40x over the past few months and while most profit-taking has already happened before we even returned to the BTC markets, there will always be resistance and after every increase price needs to settle to a new floor, before it can rise further. Karma price has more than doubled since we first talked about this only a few pages back, have some faith and patience my friend. You will be rewarded. Smiley

Great points you emphasized there!

Point 1, If a new Karma curious would look at reddit and karma facebook page they may go :"hmmmmm, too few" Yet that few made the coin overtake many other heavily populated coin communities.

Point 2, A novel coin may attract a fleeting interest like so with PnD's then that's it. late comers are left holding the bag and a dream that somehow it may rise again without basis of hope.

Point 3, Yes anyone can copy what are so far done, but really, it would take a whole lot more to assemble the people behind the scene that made them so.

Point 4, 40X!!!?? This may seem absurd to some. But we have graphs that show it is even an understatement. Try 10 litoshis to 6 satoshis and find what is the ratio.

Our doors are open. Come in anytime. We love to have you here. Bring and receive good Karma.







sr. member
Activity: 406
Merit: 250
July 01, 2014, 04:21:27 AM
Guys, please cycle trought all crypto websites, that you usually use. See if something about KARMA is missing or wrong. Let them know that we are back on BTC scene and big things are on the way. Write emails, raise support tickets. Push Coinwarz for example to update their info. This content management initiative can not be and should not be maintained only by the Dev.You will invest only a little time, but gain a lot of attention and maybe value. Basically you will do whatever you do every day, but with a little bit more attention to details. This is simple and effective approach to protect and grow your investment by yourself.
sr. member
Activity: 314
Merit: 250
July 01, 2014, 04:08:26 AM
I checked KarmaShares donation adress, there has been almost none Karma to KarmaShares exchanges last month. I know, this project can be huge, but holding Karma is much saver right now than holding KarmaShares. Since people can switch from Karma to Karmashares anytime in future, but can't trade KarmaShares to Karma, KarmaShares are currently not atractive. They should be either timelocked, like people can trade Karma to Karmashares like max next few months, or they should got less and less shares in future. Right now, it is stupid to buy Karmashares, it just locks you money. People will hold Karma and wait to find out if KarmaShares are profitable. If we want people to help the project, they should own KarmaShares, not Karma only. Trading KarmaShares or Making KarmaShares more and more expensive compared to Karma is the only way, how to push them to buy KarmaShares. Since karmashares can be bought only by Karma, it will force them to buy Karma and push the price up more. More value Karma has, more people will know about it, more interest will come.  So I definitelly think, Making KarmaShares more atractive than Karma will help whole project a lot.

Not sure if it changes your perspective, but the timeline to actually purchase Karmashares passed long ago (the same weekend my computer flipped out on me so I missed the buy-in).  So you shouldn't see any transactions to the Karmashares donation address.  Holding 10M Karma in your wallet will entitle you to a Karmashares % but I'm not entirely up to date on how that process works if it's quarterly to mimic a corporation's quarterly holding reports or whatnot.

Not necessary true. Purchasing Karmashare points has not been closed. The only deadline was the extra bonus points. At this time you can trade the coins for x1.7 multiplier. Or you can keep your coin for x1 multiplier.

The reason why you see low purchase orders is because people feel safer to keep the coin in their own wallets. But there has been purchase volume. Last time i check a few weeks back there were 8.4 billion coin invested now we sit on 8.5 billion. So there have been people trading coins for points.

Some people still see that trading coins now for points it gives them the relief of worrying to hold their coins. Or trying to do a day trade and loose their coins. Or have to sit there and panic sell them. Not to mention they do it to support the LLC

As the price rise it probably be harder for people to invest their Karma as they hold on to them like they are bricks of gold.

This is why we need to keep building more and more project that will be founded by Karma at beginning, then fueled by users and return the profit back to Karma. A perfect cycle. We will not get anywhere if people hoard Karma like a brick of gold. The gold is the cycle. The gold are the projects. We can't keep Karma up. It will rise and drop some and rise and drop some. Every time it rises a new project will be born(will be funded) and when karma drops down the project will be there to keep it stable. Action and reaction.

Therefore when the project start becoming successful you will see a huge influx of new investors rushing to trade in coin to get karma points in order to get a slice of the pie.

You must give it some time. Also over 8.5 billion coin are invested. this is not a number to take lightly.


Where did you get 1000 coins = 1.7 shares?  
on Karmashares.com page there is this:

Quote
When you exchange your coins for shares, you will get points. On this list you can see everyone's wallet address(es), including your own. This will let you know how many coins you exchanged. how many points you have, how many points are left to be claimed, and more.

You will get 1 point for every 1,000 coins exchanged.
There is a 5,000,000 coin minimum.
There is no limit on the number of points you can claim

On that page there is also written this:

Quote
Of course. Starting around May 11 if you keep 10,000,000 coins in your wallet for 30+ days you'll automatically be eligible for membership. (In fact, we'll put you down as a shareholder even if you forget to notify us.) The exact date this will begin will be posted to this website.


So this means, 1000 coins = 1 share.  It also means, if you hold 10 million Karma it a wallet for 30 days and than sell, you are still karmashares holder forever. There is not written, Karma coin holders get only payouts when they hold coins, and lose that right after they sell them. Those information on karmashares.com make karmashares useless. If those information are misleading, fix them ASAP. Karma is somethink like POS coin where POS profit is revenue from KarmaShares company. This has to be clear, that selling Karma means losing KarmaShares revenue.

If there is currently 1.7 share for 1000 coins exchanged, it should be written on the page. If 1000 coins = 1 Share for holding Karma for 30+ days, than there should be written somewhere KarmaShares give 1.7x.

Anyway, market has already shown what is the ratio between trade-able and not tradeable shares. When you check BitShares PTS/AGS  than PTS are 5x more expensive than AGS.  This means, 1.7x for Karmashares is very low and not attractive. It should be 5x or KarmaShares should be trade-able. What Karma need is new blood, new people holding shares. Those people will care about projects and will help. It they just hold coins and not shares, they can dump them anytime and focus on other "scam coins".


hero member
Activity: 559
Merit: 500
July 01, 2014, 03:56:10 AM
hide the champagne, the same 6 Satoshi are here  Undecided
I understand you from a new miner's perspective. But from the view of someone who mined it when block rewards were 10x of today and price was less than 1/10th I can only say give it some time. Karma has achieved truly amazing things. It has turned from a so-so clone coin into one of the most exciting and stable growing coins in the entire altcoin scene. And all of that not because of hyping and copying the latest fad-features. But by organically growing a great community, exploring new services/usecases for the coin and creating the perpective for long lasting value and returns with Karmashares.

And you know what? Unlike the 70+ coins that copied Blackcoin's PoW/PoS + multipool aproach, the recent anonymity hype, or other "normal" coin features you can't jsut copy Karmashares. In theory any coin could copy the Proof-of-Coin and LLC idea, but you need the right team, organization, vision and skills to actually make that mean something. And that's where 90% of coins would fall short.

Value has grown like 40x over the past few months and while most profit-taking has already happened before we even returned to the BTC markets, there will always be resistance and after every increase price needs to settle to a new floor, before it can rise further. Karma price has more than doubled since we first talked about this only a few pages back, have some faith and patience my friend. You will be rewarded. Smiley
sr. member
Activity: 344
Merit: 250
July 01, 2014, 03:54:10 AM
Please continue to use the Litecoin markets on both Mintpal and Cryptsy. These markets help build momentum and will prevent us stagnating and getting stuck between two values on the Bitcoin market.

Chargin.

+1
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