Topic: [ANN][KARM] Karma / ₭ / X11 - page 382. (Read 583278 times)

Why?  bitcoin has handled ASICs just fine.  The only thing is the difficulty went up which hurts the cheaper rigs.


Why not?  You mean, now that you have your coins we don't need anyone else getting some? Let's increase scarcity to line our pockets??


Nothing has been decided yet. 

if this is true
http://zeusminer.com/
only 4 machine can attack 51% KARM
we really need very fast more NET HASH or change scrypt to other x11 maybe

Sorry, I don't understand. Would you care to explain?


We would expect most of the Karmashares projects to not be successes (as I've stated a couple of times). It would be unnatural if most of them were.

However, it's more appropriate to view Karmashares as an incubator of many independent projects rather than a startup company.

There will be a new address for the Share Explorer. In it you will be able to see your wallet addresses and the percentage(s) of the company and shares associated with them.

Time will tell.

The poll to which you are referring is here, for the curious: Should Karmacoin change its code to decrease the total # of coins from 92 billion?

If we held the same poll today we would have different results, guaranteed.

(This was before Karmashares changed the nature of 92 billion coins being "a lot of coins". Karmashares is also one solution for the large number of coins. It does not interfere with the fundamentals of the coin code, nor does it pose much risk. Note that this does not imply that we are against PoS.)


The higher our price, the less of a need for PoS. (All coins do not "need" to go PoS, right?) It makes more sense at 10 litoshi than it would at 10 satoshi. (I am not implying that if our coin price is 10 satoshi then there is no need for PoS.)

Again, we are taking a cautious approach to a fundamental change. Anything else would be foolish. (There are a handful of PoS proponents on this thread. Can you imagine what kind of backlash there would be if shifting to PoS messed us up? How many more people would be outside with pitchforks?)

We have a long-term vision, not a short-term one.

I would add that Karmashare's biggest goals are the growth of the Karma economy, the widespread adoption of Karma, and the rewarding of coin-holders.

I meant putting doubts on the table must not happen. I am strong POS supporter. But keep in mind that this transition is very, very complicated. So we are not into position to demand POS. And if you ask me we are not into position to demand anything. If it can happen, it will be good. If not, other suggestions will be welcome. After all we are just brainstorming here. I now saw that Alphi involved the word "greed" into one of his posts, so let me put my point of view. I am mining from zero hour (day one). When we were at 8-11 litoshi I was buying, because I wanted to support Karma and this was my part. At 73 litoshi I didn`t sell. You will not see my coins on the market when the price is 73 satoshi also. I was ready to give big part of my wallet to someone who was able to push Karma on Mintpal. The coin should flow, not stay in several hands. Many coins in one hand is really bad for itself. Most people do not understand it, but it is true. When it flows into stupid hands though, we see sell walls, which is worst. By holding some coins I see my part of preventing downtrend inspired by such dumb morons, that are undermining our biggest goal - Karmashare. So this is not greed. It is a common sense.

P.S. I`ve lied about not selling at any price. I will have to sell some at 500 satoshi, so kosmost can go on a nice vacation, as I have promised.

+1

It must happen. We have voted on it and it has been announced with a block target and an estimated date, any attempt to go back on that would be catastrophic. I also agree that is a bad move to instill doubt by making polls and asking questions like "At what price level do we decide not to go POS when the time comes?" I guarantee you it will be manipulated one way or the other come the day of reckoning. We MUST have a solid set of details set in stone for the POS transition. No if's, no buts, no 'let's see what the price is' nonsense. In the words of Captain Picard - "Make it so."

Binding Karma POS with future price is the same as not deciding what to do. This is strong negative signal to the markets. It is the same as saying "OK, maybe we will try". Personally, I prefer what Yoda said "No, try not. Do or do not. There is no try". Do not bind going to POS with future price. It is a huge mistake. If you decide not to go POS, OK, say we shall not POS. Or we will do it. It is really confusing for everyone, when there is announcement for going to POS, and then we are reading that it may not happen if price is X. This must not happen.

So, on 11 June or so we shall be able to see this addresses here http://karmashares.com/explorer-v01?

We are seeing large dumpings from single persons here - This is good! These people likely bought hundreds of millions when the coin was worth 14-15 Litoshi - by dumping we now have people that have bought those coins at 34-40 Litoshi. With each dumping we thin out the sell walls a little bit more. Most people who buy for say 34 wouldn't consider selling until they at the very least doubled their money based on what they have seen happen with PND and PANDA and the other coins that went up 200-400% in the matter of a day or two.

I agree!

I see a debate is going on about switching to POS. Mahatma Gandhi says "An ounce of practice is worth more than tons of preaching". I am saying that if somebody continue to do what he is doing, he will continue to achieve what he is achieving. Act now. There is a lot of preaching to do or do not. To that I say -  In theory, there is no difference between theory and practice, but in practice, there is. We are not in the era of Bitcoin anymore. I don`t understand why this is not clear to somebody. The times when we where mining with cards in plastic crates into basements are over. Gone. The rules are different. Things just have to change way more faster. No coin has 4-6 years like Bitcoin. Now is a matter of days, weeks and in worst case scenario - months. The coin with less than 10GHs network can not be visible. Why are you continuing to insist that POW should continue? The big idea is to develop big doing good corporation by Karmashares. This is my perception of Karma. And believe me, this guy kosmost can do it. He just can. I don`t care if somebody share this opinion. Meanwhile, it is imperative for Karma to be visible. And this can only be achieved through constant changes. We should not be afraid of changes, this is what the leaders do. We don`t need to invent something to raise Karma, just do little constant innovations with short term clear and visible results. And innovation is very simple thing - to add the missing to already existing, in order to send it into the area of success. POS is just one of the missing things that we need to add. I am sure that it is not the last. Don`t be afraid of the change, embrace it.

That is true, thank you 

Hi, I think it means that after May 11,2014 if somebody keeps 10M + in his Karma wallet he will automatically be eligible for the corresponding profit share for the succeeding quarter of Karmashares LLC, which has nothing to do with the decision whether to push thru with PoS or not, which is slated to be decided in July 2014.

So, the answer to the question:

"Can I Become a Shareholder Without Exchanging Coins?" - Of course. Starting around May 11 if you keep 10,000,000 coins in your wallet for 30+ days you'll automatically be eligible for membership. (In fact, we'll put you down as a shareholder even if you forget to notify us.) The exact date this will begin will be posted to this website (http://karmashares.com/).

Is between 14 and 28 July. Or am I missing something.

Great job karm Team! your hard work is reflected in the recent price hike. Keep up the good

work!

this node is always up: altcoin.dk:9432

you can just add it in the console.

Thanks for the help.  I will mine this coin now...