Topic: [ANN][KARM] Karma / ₭ / X11 - page 322. (Read 583121 times)

I see a potential for Karma to stabilize at 150 litoshi today, and start growing again next week.

But only if the holders realize the potential of the coin and ecosystem that is being created.
I really think more people have been realizing the true potential of Karma

If you are not sure about what to mine... Mine Karma coins.
You will thank me in the near future (days/weeks) when the coin is worth more than 500 litoshi (4x what it is worth now).

And in the next 2 or 3 months... With all the projects that are being worked on, who knows? Maybe it will be worth 50000 litoshi each!

Over 300 coins accepted, use the converter on any listing and see if your favorite coin is in there if it is not email me arequest will add it in the next batch, it needs to be added because the wallet management area and payment gateway  area for txid has to be set to support new coins.

Marinecoin payments uses auto fetch technology you just send the payments and and item is marked paid automatically without going back and forth with txid. uses a system similar to blockchain.info

The service started yesterday, first payout are started to go on their way, I have tested it for a few weeks and its very stable, up to 8 cron jobs work at a time to calculate the shares and payout and filters, if you list an item check MTC block height and check again when someone after you lists an item the block amount in between that time is your MTC reward times 1 MTC, wait 180 blocks and they are in your wallet, entire process is automated, the 180 block delay is to randomly check and remove if someone is listing spam auctions.

if you list at the same block with someone else than you share the reward equally until the end of the mining streak.

POW is most simple and powerful

Karma need some more hash

cloud mining business is good I think

I like the idea of selling or buying through our favorite coin (KARMA what else!) So, I will surely use this service. I hope everyone can benefit because of this. I surely would like to find out if this "Win Win Win situation" is true

500sats yet? hmmmm hehe.

wow, just now half of all sell orders till 140 vanished (200ltc). Things getting hot mama!

Karmacoin added to Bidcoind.com as a payment method to buy / sell goods and services with Karmacoin.

Generate buzz for Karmacoin by listing quality items for sale totaly free of charge and merchant mine MTC on the side,

www.bidcoind.com




Everyone is talking about merchant integration for their coin, saying that theirs will be the one,

well if you don't start to demonstrate merchant application for it, then who else will?
CPI - The Consumer Price Index for all Crypto Currencies, what will say more about a crypto currency when there is more quality stuff for sale in exchange.

The API for true trade volume based on actual goods and services. The real economic indicator for a crypto currency.
EXAMPLE:
"user wsxrfv made 1375 MTC at the current exchange rate of 0.17 USD per MTC just for listing an item for sale in exchange for Karmacoin."
Casper just listed an item for sale on Bidcoind.com, he is selling his old laptop in exchange for Karmacoin,
like that is not good enough he is mining 1 MTC block after block at the same rate as the Marinecoin network speed just for listing it.
if someone else does not list an item soon after him, Casper is going to be the richest man in the World.
Who's to stop Casper selling more items in exchange for Karmacoin
Merchant Mining, No hardware required, mineable for the next 1000 years just like the Marinecoin Network Mining.
PAYMENTS & MERCHANTS
pay Karmacoin direct to the seller no middle wallet. start small, gain more feedback comments and go bigger soon your reputation will speak for itself more coins for more positive feedbacks from buyers.

Win Win Win situation

Sell quality stuff for your coin and generate publicity for your favorite coin +1
Get more of the coins you like by selling your new or used items + 1
Get Marinecoins on the side by merchant mining them without extra effort +1

your accounts are credited 0.5 MTC as gift good for listing upto 5 items with basic settings.

make sure you enter a valid Marinecoin client wallet address during registration but not a mobile or web wallet,

no listings for illegal items,
no spam listings items with picture and detailed description ONLY
valid user registration, do not use fake names fake address your account will be suspended
this is as serious as Ebay
Lisitings of 14 days minimum or longer duration required to qualify for mining block rewards
No listings under crypto currencies category, exchanging coins is not a merchant activity.
You will get results within 180 blocks on the network about 6 hours on target network speed, delayed 180 blocks payouts gives time to delist unwanted or illegal listings and listers who spam the site just for getting MTC.

There is feedback area after each successful sale, seller and buyer can give each other feedbacks the more feedback you have the more coins you make by selling your stuff more easyly.

if more than 1 person lists an item during the same block interval they share the block reward of 1 MTC, how ever if more than 10 people list an item in order for you not to lose your listing fee of 0.1 MTC, the reward auto doubles to 0.2 for each seller,

list an item mine block after block until someone else lists an item,

you can sell your items for Karmacoin, you will still get merchant mined Marinecoins,

Mined coins auto cashout to your registered wallet when balance exceeds 5 MTC, but you can also cash out manually if you wish when your balance is below that.

goto www.marinecoin.org to download your MTC wallet to receive your Merchant Mining Block Rewards

then goto www.bidcoind.com register and list an item for sale in Karmacoin and wait for the MTC rewards to flood in to your wallet,

Enjoy
Bidcoind.com
direct contact the dev for any questions:
 [email protected]

Yea i just wish it waited until i put in my buy order lol.. But its all good, this is just a taste on whats to come once we hit the BTC market in a couple of weeks. Its indeed very exiting.

we have to consider that Karmashares will own a big chunk of coins when talking pos.

isn't that exiting? hihi whoot wehee 

Karma is on FIRE has been trading at a 20% premium from what it was just 24 hours ago with big buy orders that could push it higher by the end of the day.

surely you could at least explain it to me since I asked nicely? I really am intrigued how someone could take over a pool and yet the owners and miners would not be able to react.



actually its quite easy to gain 51% of a small cap coin supply.. its incorrect to assume that just because someone is buying large quantities the price will rise continuously thus pricing them out of the market..
if you buy low and sell high then buy low again and repeat you can amass large quantities of coins.. this is exactly how whales operate. the more coins they have the more they can manipulate the market into giving them yet more coins. the only thing one really needs is a sizable chunk of coins, a bit of skill or a bot AND a whole lot of time.

make no mistake.. far from being the cure for centralization PoS will only end up accelerating it.

congratulations not far until btc market!

Breakout possible.

Thanks for your comments.

I've got a pretty good idea how PoW works so you don't need to worry about that.

I'll let you use your own imagination on how a bad actor could take control of a pool indefinitely. There are other scenarios however that are far more likely so it is not really a major concern.

I'd be far less worried about somebody trying to gain a 51% supply of a PoS coin (or even 5% of a PoS coin) than 51% of the hash rate. They would have far more invested in it and have increased the price so much to get that many coins in the first place they would be shooting themselves in the foot to risk shaking people's confidence in the coin.

I'm just trying to understand some of the points you made...

Firstly what is your understanding of how coins secure a PoW network?

Secondly what attack are you suggesting would allow a bad actor to take control over a pool indefinitely?

In response to your points..

1) The fast rate at which this coin was distributed has been our biggest problem. Both in terms of the sheer number of coins being pumped out so quickly and also the rate at which the reward drops off leaving miners with little incentive to hang on for the long haul. This is a problem with many other coins too (as you pointed out with Doge coin)

2) No attacker has any financial incentive at all to completely destroy a coin. The goal of any attack is to take temporary control of the majority of the network so that they can either A) take all the mineable coins for themselves and dump them on exchanges, or B double spend coins that they already control. Attacks such as 51% and Time warp cannot steal or spend your coins, they do not affect users of the network in any way other than to cause problems for transactions while they have control of the network.. to my knowledge it is not possible for a 51% attack to fundamentally break a coin or its network, although it can shake peoples confidence in the system and cause many sleepless nights for the devs. If someone did manage to shut down or take over a pool believe me it wouldn't take long for the miners to notice and then switch over to another pool (hopefully P2Pool where that sort of thing cannot happen)  

3) this weakness applies to all Altcoins that use PoW and is reflected in their respective market caps. Not only that but it is an issue that affects PoS as well when you think about it.. because a small cap PoS coin is very vulnerable to market manipulation and someone gaining 51% of the coin supply. In PoW if someone controls 51% of the network they can only mess with the network while they have control. This can only be temporary because the network can react and correct the situation.. in PoS if someone gains 51% of the coin supply they have control indefinitely, there is nothing anyone can do to take control from someone who has 51% of the coin supply other than for that person to give it up voluntarily. for example.. if some government agency or criminal network hacked the largest stakeholder and seized their wallet which had more than 51% of the coins.. then that organization would effectively be able to print their own coins at virtually no cost.

Ask yourself this... would you buy coins from a network that was controlled by a the government or a criminal syndicate? in my view this is effectively game over for the coin if it ever were to happen. if the same thing happened on a PoW network.. I doubt anyone would be worried too much because the organization that controlled 51% of a PoW coin cant simply print as many coins as they like and if they had control of 51% of the network then they wouldn't for long.

All in all you have some good points about the weakness of Karma.. I certainly agree that there will be some big challenges to be faced by the karma community over the coming months (especially as the block reward begins to drop down to a trickle)

but these issues aren't exclusive to Karma or even to PoW. Ultimately the thing that matters most about the success of a coin is its Network effect (i.e. the amount of individual people who use the coin and how evenly it is distributed)

PoW can lead to centralization of power through the centralizing of mining but the same can be said for PoS. PoS actively promotes the centralization of power by rewarding those who do not spend their coins.. i.e. those who hoard.

I agree that a hybrid solution would probably work best given the circumstances. Whether that be Mixed PoS/PoW OR Merged mining. My preference has always been for Merged mining as the easiest to implement and most efficient solution, but I do also understand why people are asking for PoS.

haha ok sorry everybody. I am just exited.

Karmala stop it! you're making the buyer/seller nervous hahaha

 go Karma! 98 on Mintpal, touched 100 on cryptsy

silence before the storm.... Some hours ago the buying volume looked like an elephant sucking  up the sales

Powerful of buying. Imminent outbreak