Topic: [ANN][KARM] Karma / ₭ / X11 - page 299. (Read 583121 times)

I absolutely understand....I was in the security business for several years.

Being cautious is an understatement when it comes to that stuff...lol.  

Keep up the good work.  My best contribution at the moment is to help fund promotions or charities.  No technical wizardry in these fingers.

Would like to donate to promote getting more people to register with LILL.  I just get the feeling there is so much in the works the timing isn't quite right for that just yet.  I will send the marketing group a note to get some feed back.

Informing our community of a possible problem was the right thing to do (of course)

Any other suggestion that we should have not mentioned it is FOOLISH.

To suggest that we ignore the temporary change at MintPal to 200 confirmations (especially when the community had already brought it up) is ludicrous.

It was my insistence that we inform the community, because that was the right thing to do. How someone wants to interpret the post(s) that were made is up to them, but there was never a cause for alarm.

End of discussion.

We waste too much time on petty nonsense. First we obsessed about price for 20+ pages, now it's this..

Surely we can be more productive

you'd be surprised how much cautious the team is. We have the "absolute no inside trading" motto. if any of us is caught using this info to create hype or fud we would be excluded from future news update.

in example if we get the heads up that we will hit the btc market , then us as news barrier are not allowed to sneak in a buy order before the news is announced. it would look very shady if you see a huge buy order in an exchange and then a massive good new. or even worse the opposite

our team, really, really strongly believes that this coin will be huge in near future and we think that we will go under regulation and future audits. So we are really cautious on how we deal with any karma coin info.

it kind of sucks for some of us because we can not express any hype excitement or have biased opinions. I wished i could go all 40 font and all caps and say this coin gonna be huge! i can't , because even though i do believe it will in future, at this moment i represent a person who is in the known of the coin and it could be considered inside trading. and even worse if it hits a bump and dives a lot of people could accuse me because i am part of the team and i sold inside trading to my advantage or something.

haha see what i mean.. already lost in a tangent

Yes, and I get the feeling the team has been waiting for this as a marker for sharing more good news.

   Due to my position in the real world I am unable to hold a formal position in the Karmashares LLC, so I pretty much work as a strategic advisor on any issues or situations that might fall within the realm of my expertise. Other than that, pretty much what ever role Kosmost or Shawn need me to portray.

i cant wait. this is so close to us also jumping in btc market too. going to be 1/3 harder to mine this coin. and possible it will push off any multi pool from mining us for a period of time. the prices should shoot up much higher.

That's a fair explanation of the action you have taken - it is just a pitty it was not included in the original post.

What is your official role in the Karmateam?

I would be willing to donate 1 million karma to the Marketing team to promote LILL by giving 20,000 Karma for each person who registers on LILL.

Any thoughts?

Does anybody know how many hits per day LILL is getting?  Last Kos posted was 3000 over a few days time frame.  So conservatively estimate 250 to 300 per day would be over a 100,00 per year.  I have a feeling we should be getting some advertisers soon.

Ok I am not going to explain everything that happened in detail, but I will point out a few key points in order to help you not continue to sound foolish.
First we were contacted by MintPal that an attack happened (for me when a major exchange contacts you direct that pretty much is all the proof I need that something might have happened). Second this happened at midnight USA Central time so there were but a few team members on that could discuss what course of action was needed to be taken (yes Kosmost was one of them). While it would have been easy to sweep this attack under the rug as some might have in order to not possibly affect their coin price, we decided to put our community first and our coin price second.  We are running a coin with honor and integrity so we decided to let the public know as soon as possible just in case they wanted to move their coins out of exchanges until the smoke cleared. While we were fortunate that this was but a minor attack we did not know that at the time and had to work with the info we had which was minimal. The last thing we wanted is to hold on to time sensitive information and then have our community pay the price by not having early warning. So after some discussion we decided on what we thought was the best course of action and as a result  Kosmost asked me to post the warning. As for asking people to switch to p2pools, well I already addressed why in earlier posts so I am not going to repeat myself. And no it was not to get people to join any one pool. If your read my post correctly I asked miners to switch to a p2pool of their choice. In time of crisis leaders have to make split second decisions on immediate courses of action in order to minimize damage not just to their coin but to the people that support their coin and  make it what it is. The KarmaTeam is made up of honorable hard working individuals that bust their butts on a daily bases to get us one step closer to achieving our vision for Karma and the Karmashares LLC. If you can't handle investing in a coin that is driven by a team with honor and integrity and that puts its community before their bottom line then maybe you would feel more comfortable investing in redcoin, mooncoin or pandacoin instead.

Less than 5 days before the reward goes to a 1/3.  Much on the horizon.

It is clear that we are not going to get anywhere arguing about this and we all have better things to do I'm sure. What is done is done.  

In response to your post script: For the sake of full disclosure so people that read this know where I stand on Karma - I had around 188 Million coins - sold a few million here and there until the final 174 Million were snapped up one night when the coin had its second spike from 30 something Litoshi to 80 something. Placed staggered sell orders hoping some rogue buy orders would come and snap and few million up (at that time the coin tended to have large 50+ litecoin buys come in every few days before volume died away again). Unfortunately the price rose more than I expected (it was on a steady decline day on day for over 3 weeks at this point) and someone bought them all. Hey, shit happens, ultimately its no big deal. I then went and invested and traded heavily in DRK, XC and VRC. Made some and lost some as is the way. When I lost faith in VRC I came and reinvested in Karma. I could see it was about 50/50 at that point in time that it would get a BTC pairing within the following 24 hours - I know that such an event tends to cause a coin to skyrocket - bought back in, a smaller amount than I originally had ofcourse but such is the way of things.

I like the coin, its got some nice little projects going on and plenty of action in the community. I did make the mistake of thinking that it was not going to go up as substantially as it did but you win some and you lose some. Most of us made the same mistake with CRY - that thing went up over 1000% in a few days - sometimes we just miss a beat.

I will be active here for as long as I hold an interest in Karma.

Hey all, maybe it is time to nominate a Technical Moderator as Kosmos indicated before.  First of all, I don't know anything about all the back-end technical stuff that you all are talking about.  I don't mine but I do own a lot of Karma.  So from the outside looking in, and any new potential Karma holder it doesn't flow well with "doing good is good" in this exact forum.  Since this topic is so important I'm sure it would be worthy of its very own place.  BTW, these are good problems to have.  It means Karma has real value.   

back on track. i am going to send over 20 mills to this addy. karmakaguy have offered 2 mills. Can anyone else in the community step up and donate some more.

this will all go to miners. %100 of it.  The goal is to get at least 1/3 of the total net hash on this pool.  

soon in less then a week the block rewards will be cut drastically. this will prompt all the non karma dedicated miners to move out and mine other coins. its perfect timing to push for p2p pool!

here is the donation wallet with my 20 mills already donated http://explorer.karmacoin.me/address/KT5baGYnC9YfLAQuGQGmZJ7kFaD1kWDrdH

hah. alright everyone chill out.

there was no FUD. Mintpal was under double spend attack. if anything them raising the confirmation to 200 should be enough to see this was no FUD. What is not known yet is whether this was an organized attack or a non human error attack.

As we can see. our dedicated overall pools have about 600 mh/s between them all and our total network is at 2700-3100 Mh/s . This tells us that there are tons more hash pointed at our coin. we do not know whether they are coming from individual solo mining, one multi pool. couple multipools or any other combination. What we do now know is that at least one of them for a few minutes had more then enough to cause a fork of its own.

this is what Agcrypto stated in his message. He had okay from all of us. Yup, we assigned him to deliver this news once we had enough to share with you. We agreed that even though this attack looked to be an accidental it was still an attack that did occur and we thought the community should know about it right away. not sure why you think otherwise but our trading volumes have been healthy all day today. this news did not couase any panic. only drama in this forum.

As we have stated many times we are not trying to be overloads and hide stuff to minimize and control the truth. The attacked happened and we had no choice but to immediately let everyone know. It had nothing to do with personal point of views.

@CatKiwi  :
AGcrypto , me and altcoingood are part of the karma team. You can look up our history and see that everything we do, say or think its for the best of the coin.

So lets talk about the p2p pool that you are accusing me and altcoingood pushing for it. Your making us come as villains. taking advantage of a FUD to what... build a pool monopoly?  out of what?? pool mining fees?

We should be thankful to any pool that is running a pool for us. Let's do some math to satisfy your accusation towards our agenda to own the network with our supreme pool!

if by a miracle the p2p mines all the block for a whole day this would gain the p2p pool a whopping 792,000 karma coins a day! again out of 1440 block x 110,000 coins and then a 0.005 pool fee = 792,000 kama.

Wow. good thing you caught us there mang. you really saved all the miners who would mine 158 mill coin that day 792,000 less!

Hope this give you an idea how much pools make a day in fees. and this is an example if the p2p pool mines all the coin. which will never be realistic. So once we are done pushing this much the p2p pool would have to make 1/3 of that. thats 264000 karma a day! and this is not even taking into account the huge block reward halving in few days

I personally am not involved with altcoingood pool. i never received any payments from him as a reward for helping him.

Why i am helping promoting his pool is because he is 24/7 active with out coin. He has done most then all of us in helping sustain many critical obstacles we have had with karma. He has set up for us our first reddit tipbot. he has set up our block explorer. he has set up two static nodes that even at this day are crucial to help new people link up to our network. he had set up p2p pool months back when we realized that karma.multi-pool.eu has more then %80 of our mining hash. He has set up MPOS pool as well.

Not only has he done all this. but he has kept them up and running all this time. We have never rewarded him with our coins. everything he has done has been genuine. And he has paid it out of his own pocket. Because he is a code geek and he has a good hart. He sees we need his services.

Why do i mention all this? because i would like all of you , who come and go in our coin community , to be up to date and realized why i am rooting for his p2p pool

An other very important topic is that if we would need altcoingood to boot off miners from his pool he would do it and not cry foul as we have seen from our top pool.

dear Catwiki hope this was enough info to clear some confusion. we are creating an necessary dramas with our post. Msg me and we can take this private. or come to #karmacoin and let us assure you there is no hiden agenda. I want karma to go fully P2p Pool so in future we do not have any other attacks!

Ps : its good to have you back. if i recall form last time , you mention you sold your coins to 70 litoshi because you thought our coin was not worth it and it should come back down to 40s. after you saw that our coin was not coming back to even 100s litoshis you realized your not getting the coins back. then you dissapeared for a while. didn hear from you in this chat. not interested in us once you sold your coin huh? then you bought back at 120 litoshi and again started to get active when you saw our coin reach 250.  

ok nice, now everybody looks at himself and investigates his karma. Then we could ask ourself: how can I improve my karma? AH, I could help the Karmateam to get the iPocos running full scale! And... Nirvana is in reach.

Firstly,  I limit my criticism to those posts in question - whoever they were made by.

Secondly, The theoretical potential for an attack is not justification for posting that one may or may not have happened and enticing people to use a certain pool - as was the case yesterday.

If it can be shown that there was verifiable evidence to justify the posts made then that would be a start. However, as I said earlier, this thread is usually the first port of call for many people who just want to get an idea of what a coin stands for and its future as perceived by the community. Knowing this, it is simply a bad idea to make posts in the nature of those that were made yesterday.

Concerns that have the potential to cause panic among the unwary should be brought to the attention of the developer privately, where the dev team can discuss them and come up with a solution if one is so required. There are ways of dealing with concerns - and I stand by what I have said; the way in which the concerns were publicly aired yesterday was not appropriate.

Speculation and rumor become problematic when people are encouraged to act on it.

This is simply not true. You are talking about me. I have asked multipool-eu's questions about why the operator would let 92% of the hash reside at them while still maintaining the idea they are "helping karma". they have not engaged in discussion about this at all, just full on ignore.

you can read my previous posts about pools. i have been a proponent of leaving multipool-eu on the list of pools and i have also requested people mine at ANY pool that had few miners. i am for full disclosure.

besides trying to thwart 51% on the karma blockchain for a while by adding a p2pool to the ecosystem i also stepped up and am running our blockexplorer when the prevoius one went down.

i also hosts a couple of wallets online so people can bootstrap onto the blockchain because the seed nodes have all been pulled be the previous devs.

i am not sure why you are attacking me. 51% attacks are very very serious, just look at all the cex fallout regarding bitcoin and their 12 hour streak.

i really really dislike your tone and insinuations.

i'll get back to you with the posts where i actively ask people to use any pool and the posts regarding questions about multipools motives but i have a life so not right now.

anyway... that is all for now, i'll get back to you with post links.

Keep up the discussion guys! It's healthy to talk things over.

BTW, to those who are not familiar with the recently approved facebook-wide-tipping-app from white puma, here is how it works: You search for "Multicoin Tipping App" from FB search bar then click and "CONNECT" to it at the bottom of the page that pops. Like any other apps it will now show at the left hand side of your FB home page.

If you click on it from there, it will take you to your tipping dashboard, from there you will see 27 tipping coins name with wallet addresses and the coins you got so far. Clicking a particular coin will show you other info relating exclusively about that coin, now you can click a tab labeled "info" and all the "authorized tipping groups" at the moment will be shown.

If you would care to join all of them, they welcome everyone.

Then later when our community have a news to share, a cheer to shout or a coin to spare, you will be ready to help in spreading good Karma.

Because when you tip somebody and they comment or liked it, all their friends will see that ,and so the karma related curiosity grows.

So we encourage you to ride the tipping wave. Even Bitcoins, Litecoins and Darkcoins are now available fo tipping.

See you there!

ahhh common CatKiwi it is AGC. It is ok man his intensions are good. I also dont like the rethoric in this post but you dont make it better. Lets relax, I also had some stress with this story and wrote some wired posts. Luckily we went through it without a major harm. lets look back and enjoy what we masterd allready. I came to this when it was 30 lits. We must have done something right!