Topic: [ANN][KARM] Karma / ₭ / X11 - page 295. (Read 583278 times)

Blessed are those who can steadily buy.

Hehe excuse me but the last time I heard we are not going to the moon. Too near. 

That is nice to know Chargin.

I prefer to say confrontational things outside of public view unless I think it is necessary to do so. Several people had the good sense to query me about the old one by private message. I changed it because there was no reason for me to have it the old way.

Chargin.

Why did you change this statement... the first version was way more confrontational.

Hope Karma is about to take off, destination: The Moon

Please review the following thread and post your feedback, thoughts and opinions:
http://karmashares.com/forums/index.php?topic=354.msg1619#msg1619

It is a very important discussion as it sets out the Finance & Accounting Workgroup primary objectives and task list for 2014-2015 which will have a large impact on both Karma and Karmashares LLC.

I will announce any new threads in the Finance & Accounting Workgroup on bitcointalk.

I will announce on bitcointalk when there are any polls in the Finance & Accounting Workgroup, however discussions before the polls may be more important than the polls themselves so please get involved.

Chargin.

Just wanted to let the community know that we are actively improving our coin on all levels. If you want to have a better insight what is going on, please visit our forum: http://karmashares.com/forums/index.php The team is tireless working for its success. KarmaKaguy

Get your company in line with our projects. We have a dedicated marketing workgroup on all social media channels. Synergies are what brings us together. Meet us in the forum: http://karmashares.com/forums/index.php

your  KarmaKaguy

I'm not just holding, I'm steadily buying :-)

Welcome back!    Hope you are still hodling

think about multipool with X11 paying in KARMA.

Me and my company have a few ideas in connection with Karma but we cannot release them to the public yet

Each Karma will be worth 300 litoshi in a matter of days.

But I think that in the meantime we would all be much more productive if we did not talked so much about the price (it will go up and up and up!) and did more work (think about ideas for new IPCOs, help karma team with anything you can help, etc) to make the value (not only the price, but also including the price) skyrocket in the long term.

it's hard to believe how the wonderful coin and project are stil being ignored by the masses.

Most people consider coins with LTC only markets to be garbage or aren't ready to pay the trade fee twice. On the other side, you can still buy large amounts of KARMA for little money. Currently, there are 259.302.962 KARMA available @ Cryptsy and 696.168.776 @ Mintpal, so almost a billion coin, for up to 300 litoshi. To get there would require 2747 LTC or approx. 44 BTC, which is nothing taking into consideration that you would own almost 2% of all coins.

Thanks for the links Alphi and Bitwho.
I like the PoS system suggested in the article below.
http://bitshares.org/delegated-proof-of-stake/

I’d use interest instead of transaction fees though to make sure the rewards are more consistent and maintain interest in Karma as a cheap way to transfer funds.

I’d also combine it with PoW so that the PoW locks in the PoS transactions after say 1-28 days as well as seconds any PoS result. The PoW/PoS should have some mechanism so the number of blocks in each is roughly the same or always at the same ratio.

Clients wouldn’t consider a transaction to be valid in the first place unless both PoW and PoS chains agree (ie they will need a certain number of confirmations on each, I think an hour worth is reasonable).

After 1 to 28 days of blocks that are in agreement there can be a checkpoint so transactions are absolutely irreversible. That doesn't mean an exchange will need to wait 28 days to know they received Karma, it just means they can be extremely sure the transaction won’t be reversed.

I’d make it so each of 100 nodes require an amount of Karma, say 0.1% of total coins (at most), which increases in line with the total amount of Karma.

As well as the addresses I’d allow the client to show a signed message from that user, which could link to something that shows who they are (their choice of what if anything it links to) so you know of you should trust them with a node or not.

You would of course need to provide enough of a reward to both PoW miners and PoS minters, both on an percentage basis so the ratio between them remained the same, to make it worth their while to make sure that the network is both protected and that transactions are being processed.

It could be an incredibly secure system if revised and done correctly.

I think for a coin that is already established it is more likely a more proven system would be used so the above is for a theoretical coin which may never exist.  

Chargin.

Massive buy wall on mint haha, only 920,000 possible karmillionaires, better buy up, I feel something big coming!

Alter coin needs two thing
1. Attempt to recover the weakness of bitcoin
2. Worth to hold

Firdt thing is so hard to solve for one dev team
But second thing is not hard mission to do but many coins
didn't do this second thing. Only clones!
But karma makes something interesting things linke lill.com

This movement is really good and essential.
I hope the karma shows the 'real value' to the tons of clone coins

You mean cut to 1/3 of what they are currently.

It's hard to tell. Somebody is trying to buy in because they know Karma is quite on weekends or somebody is trying to pump and aren't very good at it and don't know Karma is quite on weekends. We don't know if they have been buying in slowly but then got impatient as the block 1/3rding got closer and the Bitcoin market started getting more likely. I think they actually bought 100s of millions of Karma up to 200 Litoshi yesterday when the buy wall was being put in place. The price was realistically around 160 before this so putting the buy order so high if you don't want to purchase is pretty risky unless they have a lot Litecoin or Bitcoin to back it up. They aren't outbidding themselves regularly to make it look like the market price is increasing which might encourage people to jump in with their own buy orders which they could then sell to. I think they actually want to buy in (at 3 Satoshi) and are daring somebody to dump on them. What they do when they get the Karma is anyone's guess. Since the order has been there almost a day I don't think any large bag holders want somebody pumping and dumping Karma especially now with so many other things going on nor do they want to give their Karma to another whale that wants to hold for the long term so it is looking unlikely somebody will just give the Karma to them.

Given the timing I think somebody is looking to do a large Bitcoin pump on Karma, very large based on the amount they are trying to buy.

The Bitcoin market will probably open up after things somewhat stabilise after the block thirding, assuming Mintpal knows that is coming up.

Either way I just want something to happen, outbid or sell to them, the suspense is killing me! Market boom or bust I don't care.  

I'll stop speculating for now, even though it is so fun. There are so many possibilities I'm more likely to be wrong than right, which I don't want to make a habit of.  

Chargin.