Topic: [ANN][KARM] Karma / ₭ / X11 - page 362. (Read 583121 times)

Since my regular pool is down at the moment I'll chuck the HD 7990 at your pool! How often will I receive payout?

Don't forget to put some smaller 100k KARM bets on a few teams so you don't miss out on a huge upset. 

We have a draft media kit on Karmacoin.me at the Press section but we would probably need a company profile or put together a proposal of how we could partner.

A good currency will be backed by something of value. The USD used to be backed by gold. Now it's backed by a promise from the US government and the fact that it's the de facto world currency. Its value now comes from the government's ability to enforce the dollar standard through diplomacy and military might, and confidence in the present and future economy.

Bitcoin is backed by confidence in its blockchain and the promise of a brighter future because it's the leader in the industry. In this way it mirrors the USD and has a "military" made up by the investors, developers, and companies supporting it.

The great majority of cryptocoins are not backed by anything. They rise in value from irrational exuberance in the marketplace.

Karma is unlike all other coins in that it is backed by something of value. "Karmashares" is our gold mine. There is no limit to the amount of value in this mine. The only limit is our imagination and our willingness to venture inside and discover the value. (It could be argued that NXT, NEM, and other similar coins are backed by the commodities/equities on their asset exchanges. However, the legality of such coins is questionable. Further, Karmashares will own all of its assets outright.)

But let's put it in context of US history.

The American Revolution and Karma's Place in History

Cryptocurrency is like the US economy before the US Constitution. We were first dependent on Bitcoin (the British) and their monetary instruments. The American Revolution changed that, but worthless paper money was still being used in the colonies.

Each colony is like a coin and prints their own money. The time now is like the birth of the US Constitution, with Karma. We are establishing standards and setting guidelines. Other coins do not care about such things because they do not plan for a real future. The future might and power of the new "United States of America" wasn't obvious then and it isn't obvious now. The founding fathers had foresight.

But what Karmashares is doing is "bringing the colonies together" in a different way. The model that we are building will facilitate exponential growth and expansion of Karma once we have some momentum.

There is a war going on now in the industry, whether or not it is called such. The war is Bitcoin vs. all other coins. We started out peaceably, as any new pilgrims do. But once the vast resources, wealth, and opportunity of this new industry are realized colonies (coins) began to declare independence from the motherland.

Regulation, consolidation, and surrender (and death) of coins is coming in 2014 and 2015. It is already starting to happen. Casualties abound. And colored coins, merged mining, contracts, and other inventions will swallow up remaining altcoins like there's no tomorrow. Few coins will survive this. I'm not saying these are bad things. Innovation is good. But what side of innovation will you be on? Will your next coin be a colored coin inside of Bitcoin (the British)? A contract inside of Ethereum (the French)? Perhaps you'll just be an asset on the exchange of another coin (stateless Welsh or Sikh). Maybe you'll survive by giving up your power and merging your mining with someone stronger (an alliance) or sacrifice your independence for security (colonization).

Karma is adding value to its coin through Karmashares in order to be at the forefront of these changes. The coin landscape is not obvious now, but it will be. When billions are pouring into Bitcoin via the new equities on US markets (possibly followed by other markets such as China, Hong Kong, Singapore, etc) it will become very obvious that cryptocurrency is going mainstream.

Once Karmashares takes off the devs of other coins will flock to us from their worthless coins and want to do iPOCOs of their own. Then you will see the true power of Karma backed by the value that Karmashares has built up over the months.

So, in my opinion, the only coins that will survive are the British (Bitcoin) and the United States of America (Karma). There will be other coins under the influence of both, but with our model we can actually become much stronger and more valuable than Bitcoin.

We are the only non-Bitcoin coin laying the foundation for our survival. It will be more obvious as time goes on, but only the foolish would be loading up on "colonial scripts" right now.

I hadn't thought of that, and it's a great idea. Someone needs to set up a press package for the coin that can be sent out for that. As far as I know there are no press packages atm.

Another idea - Just browsing through the latest Humble Bundle offerings and thought "Wouldn't it be great if I could purchase with Karma?"


Humble Bundle is all about paying what you think something is worth and donating to charity - It's the perfect companion for us!

Any idea what we would need to do to get something rolling there?

pool.terahashers.com

Dedicated pool server with VARDIFF, using the PROP (proportional) reward system.
No need to register. Just use your wallet address as username!

stratum+tcp://pool.terahashers.com:5003 -u -p

Please join, and let me know if you have any problems!

For a limited period of time miners with high hashrates can win a prize in my pool.
Check it out!

bravo. sent a few coins myself.

Can we give a little love here guys?
Who can help? Pay it forward, please.

350 000 sent.
Three hundred and fifty thousand.
Show some Karma Kindness.

If you are a fan of spread hashrate use my pool.
I just created it a week ago.

pool.terahashers.com

I'm in desperate need for more hashing power in my pool.

If you have a space MH/s please point them to my pool

 This coin has the same total coin amount as Litecoin. Unlike the 3 year old coin, that is few months old. it overly hyped.there is no other explanation to be up there. Just a hype. Soon an other coin will be the new "it" and dark will plummet to the actual price. soon all those that bought in will stop buy. I mean there is 80 coin for 1 BTc now...  How would you explain this price. what can you buy with dark coin? what can you do with it except trading?

don't get me wrong. i wish all the coins prosperity. Just want to warn for possible bubble burts

Another whale gone! As long as the coins dumped went to more than 1 person its good news I'd rather true Karma believers hold the coins than pump n dump day traders looking to make a quick buck!

Remember folks - The only reason this numbnuts dumped was to try and scare others to dump so he can buy your coins back cheaper! Let's punish him by making sure if he ever wants to buy back in - he has to buy back at a hefty loss ;-)

Is there any github for compileing the wallet?

I would like to setup a new karmacoin pool because i am a fan of spread hashrate =)

I joined your fight!!! to all those Karmenions out there hodl!!!!! join us at 32 that's fun

yep I don't trust crapsty enough yet.

on mintpal?

I'm feeling a bit like Leonidas at the moment...



holding back the Persian hordes trying break through my line of 32 litoshis...

BTW thanks for selling me your coins at a cheap price...

It's for sure going to drop back down again at some point, but that's no different than Bitcoin reaching its peak late last year. The market is going to take a long time to stabilize with any coin, so the bounces are just going to be part of it.

Please contact http://bitinfocharts.com/ and ask them to add Karma : )