Every trick in the book and flaw in the code was used to make those with high hashing-power more profit. Soon a SINGLE piece of hardware can deliver more hashing power than the entire Karma network currently has.
This cannot be compared to the bitcoin ASIC-times.
I was totally with you until this part. People mined Karma because it was, and still is, a kick ass coin with 1 minute block time that started with massive early bonuses. It was a miners dream mixed with a really great name and mission!
Let's say I was one of the early recipients of the new mega powered scrypt ASICs, and I point my new weapon at the Karmablockchain. I immediately start doing 25-50-75% of all of the hashing. I am providing a service to the network and helping the KARMs flow throughout the web. I collect 25-50-75% of all the blocks. I immediately dump them? Sit on them? Sell part of them? Not sure what the big deal is or the threat that is coming. If you can cite an example of the threat I would like to read more and share with the team.
Would someone invest $12k in the latest ASIC card to mine something and then fork the coin to oblivion? Doesn't make sense to me. Normally someone investing that kind of money is fairly disciplined, intelligent, and is going to put his money to work in the most efficient, responsible manner.
Loving the discussion, and I can speak for the team when I say, we always want transparency in all that we do. So please dont get down on any of this as indecision or confusion. We are all on the same mission here and have the same goals for this crypto and the community.
We have set a reasonable timeline to ensure that all options are considered and promise to be as transparent as possible.
