Topic: [ANN][KARM] Karma / ₭ / X11 - page 393. (Read 583123 times)

i have been with this coins from the start. this is not a bad idea but it requires people to interact. Out of these time that have been trying to push for this coins it has been a learning lesson when i saw a lot of people express excitement to the coins future but never actually do something to help it. that is why i suggest to anyone "take maners in your own hand"

the pixel wall is not a new concept. There was an coin that actually was lunch solely for that purpose. it didn't bode well. Pxlcoin
.https://bitcointalksearch.org/topic/ann-pxl-coin-mandatory-client-update-now-supports-kimoto-gravity-well-418088   with the "pxlWall" here http://www.pxlcoin.com/  

You're more then welcome to give it a shot. try to figure out where that coin failed and improve it

Hi KARMA'ers!

Low fee PROP reward system
DDoS Protected
High Performance Backend
Simple setup and usage
No accounts or personal information or email addresses
Auto ProfitSwitching Ports (beta testing)

To mine:

Username: your KARM wallet address
Password: anything
URL (vardiff): stratum+tcp://stratum.hasher.ca:3404

We don't hold any coins in our wallets. Once the block is confirmed, payouts for the block are sent!

Cheers and Happy Hashing!

Any news on block explorer?

it sounds like you are attempting to create an investment vehicle who's sole purpose is to manipulate the price. this is effectively what KarmaShares would be if it did nothing other than hold coins until it was a better time to sell them again.

in both cases that would be dangerous for the people running the operation because they are operating in a legal grey area and could potentially be shutdown by authorities or sued into submission by anyone who lost money under the scheme.

please feel free to read up on Libor and Forex rigging to see how dangerous these ideas can be when shared with "friends"

http://www.businessspectator.com.au/news/2014/4/1/currency/banks-sued-alleged-forex-rigging

the way in which KarmaShares is different to the idea of simply "hold the coins to manipulate the price" is that it is using those funds.. (or should be) to create products which should in theory generate some kind of revenue and broader market acceptance thus creating "real" value for the Karmashares investors and anyone else who uses Karma

I know there is a mentality amongst some of the Crypto community that if Banks can do it then it must be ok for us small time traders to also do it.
but the simple fact is that banks have very deep pockets and very powerful friends.. so if they get into legal trouble, they can fight their way out of it.
I would wager that if any of us got into the same trouble.. we simply would not have the money and/or expertise to fight our way out of the legal quagmire.
The law is structured in a way that Corporations can get away with fraud on a massive scale and simply buy their way out of it through "fines" but individuals can't. Individuals can go to jail for the same kinds of crimes that many corporations can simply buy their way out of.

and that is why we "smalfry" enthusiasts have to keep our noses cleaner than the banks...

yes the current fractional reserve / fiat based system is flawed and rigged.. that is why almost everyone who is in crypto is here, because we believe in a more level financial playing field (well at least I do)...

but you cant win a war against a corrupt regime by being just as corrupt.. especially when they have all the power and you don't.

just to be clear about what I am saying... its not wrong to Hold your own coins (as an individual) until its a good time to sell them.. or even trade or put your own buy and sell walls up to suit your own personal trading strategy, (all of that stuff happens inside your head so there is no way to prove why you sold and bought the way you did) but when you collude with other people to do it then you open yourself up (and everyone else involved) to to some very serious legal ramifications.

just remember that when you do anything to manipulate the price to benefit yourself... someone else loses money...
however if you create real value for Karma then everyone wins.
also remember that while you are a small fry, most authorities wont even bother investigating you but, if and when you make it big.. that is when they come for you.


I say if you really want to improve the value of Karma.. just create your own website with some really awesome content that accepts Karma for advertising. that way people who want to advertise on your really awesome website have to BUY bucket loads of karma in order to do it and that would naturally put upward pressure on the price.

I'm building my own software and hope to be accepting Karma and other coins (the ones I believe in) as payment to license it. there really is nothing stopping people from making software and using the Karma (or any other coin) block-chain to validate and store license keys.

places like Steam/Gamersgate and crypto coins are a natural fit for this kind of software licensing model.. when one of those big boys starts accepting crypto that's when the price of bitcoin and alt coins will skyrocket.

Volatility is a problem of every cryptocurrency (a problem for pretty much everything BUT trading). As can be seen from the Karmamarket over the past weeks, the value of coins fluctuates wildly (Karma's relatively short LTC history went from 21 ->34 -> 9 ->16 -> 10 -> 71 -> 31 -> 52 -> 40). How do we establish a more stable price? Well we can't really limit the top, but we can try to establish a floor. That's also what people are most afraid of, their coins loosing value. I rarely hear complaints when a coin is going up.

I've been working on an idea and wanted to get some feedback. I don't know wether I'm onto something, or completely missing the mark here. The idea is simple enough and not all that original, but I believe it is especially well suited for Karma. I am proposing the "Karmawall".

Karmawall is two things:
#1 a website similar to the million dollar homepage. It provides a virtual canvas, or wall, on which people can buy banner space to be displayed on a pixel by pixel basis. The banner could be anything: an ad for a crypto- or Karma-related business, a funny gif, a link to your homepage, greetings from/to other friendly coins, a message for a loved one - and so on. There would be some moderation, so no abusive, mean or illegal content gets added. I want this to fit into the coins "doing good" theme.
#2 once the pixels are bought, either with Karma or with BTC, the BTC earned will be put up as a buywall on the two main exchanges, at a level to be decided upon by the community (my guts tell me ~15-20% below market price could be a good start). I would not want to use this wall to pump the value of Karma, but the wall can be moved as market conditions change or if the community votes to move the wall.

Okay that's the BTC part, any coin can do that, right? How will the Karma puchases help? Well that's the best part IMO, where Karmashares come into play. Every Karma earned, either through selling pixels or by being bought by the buywall, will be exchanged for Karmashares. This has 2 effects:
1. The coins will be out of the market for good (not to be dumped again) and
2. the shares will (in the future) earn Karmawall a steady stream of BTC to further increase the buywall.

It will take a while to really get going this way, but once the Karmashares start generating revenue it should create constant buy-support for Karma and help to stabilize or even slowly raise price. Sort of like a multipool but instead of mining other coins it generates value from a simple little business idea, multiplied with economic factors tied to Karmashares' for-profit activities. Should the community at some point decide it doesn't want or need Karmawall anymore, the Karmashares could be handed over to the non-profit Karmafund for "doing good".

So this is my idea in a nutshell. Karma is in a unique position due to PoC and Karmashares, without this I doubt the idea would be half as attractive. That's why I'm posting it here, because I believe it can't be copied efficiently by any coin without adopting a PoC model. If enough people like the idea I would go ahead and start implementing it. I might need some help though in the later stages.

I haven't worked out any details yet, but the plan is that all earnings will be re-invested into Karma (if I take fees then no more than 1% and that only for BTC payments, 0% for Karma). Since I hold plenty of Karma contributing to hold/raise its value is all that I want to accomplish. As for establishing trust, I'd be willing to provide kosmost with my credentials before the service lanuches, so you'd be certain I am not a scammer.

So here it is. Feel free to poke holes in my idea. Any feedback is appreciated.

sell 35 million favorable market active。。

No need for the novel length post explaining what inside trading is before asking for large off market/exchange buy or sells.  Post the request and wait for PMs, then move on.  Thanks.     

It's the reason we dropped Coin from our KarmaCoin branding.  It's a gift card service that sends a very small percentage of their fees to charity. 

An In-game currency, not a good economy crypto-currency !

Community, if you find some dead links, dead pools, dead markets on our first post, please report it here.

If you want to help us, and help you by the way, you can provide some new content or write articles in other forums.

I give 100 000 Karma to anyone make a good post about Karma in others forums/blogs/websites.
Just paste your link and your pseudo here.

Happy Karma Day ! 

to put that in perspective.. $1 buys you a little over 200,000 coins right now.

If 1 million people invested in Karma so that they can get a piece of the action, this would equate to 220 BILLION coins if they could buy today at current prices. Of course, the more people that buy and hold the less they'd get for $1. But even owning 200 Karma for $1 could still be psychologically attractive, from the casual investor's perspective.

What is better than a currency being backed by gold or promises? Being backed by real value that could last a lifetime. Compare Karma with any other coin in this context to get a sense for what this means to our market cap.

(And very few people would spend just $1. It could be 100,000 @ $10, or 10,000 people investing $100, for simplicity's sake.)

Regardless, we don't know about the future. All we know is that we're working on something wonderful and good for the Karma community, and we anticipate others taking notice in future.

Donating shares to the Karmafund could be in our future: http://www.reddit.com/r/Karmashares/comments/24r90z/donating_some_karmashares_to_the_karmafund/

Wouldn't we all love to just do that.

We need to build stronger roots. Good investors. Strong network

Would you believe a person walking up to you and saying "hey invest in us , we are trying to do good" ?

Or would you believe a person handing you a flier that shows to you how far we have come and how we are backed by thousands already ?


Also , by the time mainstream media knows about Karma and the LLC, would mean we have blown up already

Agreed. What do you recommend?

After May 11 I think we'll do more of that. Better to be a bit quiet now, to give our community a chance to have as much ownership as possible.

lmao @ the "'stupid shit' variety"

As with all altcoins, Karma spends too much time being discussed only in altcoin forums.  Needs more mass media marketing.  At the moment, very few people know of any coin other than bitcoin, and the majority still don't even understand bitcoin.

I must apologize for our excitement sometimes. We are certainly passionate about Karma

We've seen our share of scammers and people with ill-intentions (in more ways than we'd care to relay here), so please excuse us if we are a little suspicious as to motives.

Everyone, I encourage you to keep an open mind about posters here. I would also encourage you to look at my words and actions, to get a sense for my own intentions.

Please also refrain from colorful metaphors that are not qualified with reasonable anchors.

For example:

"That is some stupid shit!" = bad karma

Better karma =

Cameron: "Jeeves! I do believe the nature of Caroline's arrival is most impertinent!"
Jeeves: "Yes, Sir. It would appear that it is of the 'stupid shit' variety."
Cameron: "Agreed"

Best karma = monk-like

Thank you for your good suggestions.

Yes, 4 weeks is very ambitious, generally-speaking. I suppose even 3 months would be ambitious for such a project, for most teams.

For PoS we have not finalized our decision at this time but are waiting to see the effects of PoC and also considering the parameters and implementation of PoS carefully. Such a transition as ours to PoS has not been done before (to our knowledge) so we want to be sure to maximize its success (i.e., not fu$# it up).

We're not just considering the next couple of months for Karma, but far beyond. This isn't some coin that you day trade and dump when it gets as high as Snoop Lion. We imagine a day when Karma is used in all kinds of situations. That is what cryptocurrencies are meant to be: alternative currencies. So instead of just doing something for short-term benefit we are also thinking long-term. We must balance long-term requirements (if we are to be a true alternative currency) with short-term needs (number of coins). We don't want to get to a point where our market cap is $225 million and we need to change the parameters again because we don't have enough coins to make for a healthy economy.

If even 1 of our projects over the next 3-5 years is successful, those 60+ billion coins will dry up really fast. Think about it. Most big investors will not even consider investing in a cryptocurrency. But a legal entity tied to a cryptocurrency that works like a startup incubator? These are firms that think nothing of throwing $25 million at companies that make colorful web buttons. And our market cap now is far less than $1 million. Once we are known as a sound investment that offers a lifetime of passive income, you'll never look at Karma the same way again.

Imagine the public had a chance to buy shares of YCombinator, the company that funded Reddit, Scribd, Xobni, Omgpop, Dropbox, Disqus, Heroku, Airbnb, Hipmunk, Rap Genius, Coinbase, and many more. This is not a big company. It's basically 1 guy (Paul Graham) and a team dedicated to doing awesome stuff.  Take a look at some of those names to realize that more than one is worth over $1 billion now. When those founders first came in YCombinator's door those projects were nothing.

Now imagine there was a YCombicoin that anyone could buy into to be an owner of YCombinator. Not just venture capital firms and accredited investors, but any member of the public in any country around the world can own a piece of this awesome company by buying just $1 worth of YCombicoin. How many millions of people would want to buy just $1? Or spring for $100, or even $1,000? And then China gets wind of what we're up to? That's a whole lot of new wallets, and a tremendous opportunity for Karma to be used in a ton of places around the world. And then all these people realized that they can own YCombinator for the rest of their lives, and will benefit from any profits and sales. What kind of market cap do you think YCombicoin would have? We're talking tens of billions, not tens of millions. Bitcoin would not offer much in comparison. Resources would shift from Bitcoin to YCombicoin.

And then YCombicoin also had a plan to be used as an alternative currency, marketed to transactions of the Good economy (tipping, sharing, microloans, donations, microtransactions, etc). So now everyone wants to trade in YCombicoin because they realize how valuable it could be. At any moment YCombinator could come out with another Airbnb. "Dammit, I better start accepting YCombicoin in my shop!"

So now you have a triple whammy: 1) everyone wants YCombicoin, and can buy lots of coins for just $1; 2) lots of new people use the YCombicoin wallet, further expanding the economy; 3) the higher it goes up the more their stash of 8 billion coins is worth, allowing them to hire full-time developers and make lots more things that will increase the value of YCombicoin

So now millions+ of people around the world are scrambling for 92 billion coins, several billion of which don't exist yet. I personally know a couple of people who would love to snap up more coins than you can imagine once the search engine shows some momentum, or even Hireplex or Wespond, or something else that we're working on. And Karma is still relatively unheard of, and an unknown in the tech world. Imagine if there's just 1 small mention of us in Wired or the WSJ? We have not begun to realize our value in the marketplace right now, and that is a very good thing for investors and their returns.

With Karmashares, people will not want to sell Karma. But we still have to be sure there are enough coins to go around. That's what we're thinking about now.

All of a sudden the number of available coins isn't in the billions anymore. And people that were talking about dumping when we hit 10 or 20 satoshi re-think the situation and realize this isn't your average coin. "Maybe holding onto this coin is a better idea." times a thousand. All it takes is for 10-15% of the actors in the marketplace to snap up shares for the price to really spike, causing a stampede.

But we also want to make for a good economy. This means having more than enough coins for everyone. So while 92 billion possible coins may look like a lot now, it isn't as much as you think with such a low market cap. Again, Karma is not like any other coin out there.

For example, when our search engine is released our market cap will likely be under $400,000. A few hundred thousand for any search engine that has a community behind it is an absolute steal in an industry where just 1% of the market is worth a cool $1,000,000,000. Smart investors will realize this once-in-a-lifetime opportunity. And then sell walls will be eaten up left and right, because even at a $5MM market cap it would still be tremendously undervalued.

If there are any economists in the audience who would like to run models of various scenarios please speak up But anything a coin does in regards to changing their parameters is just guesswork. For example, thousands of people invested in Mintcoin thinking that the price will go up after the minting period begins. It was "obvious" that the economy would increase to probably 99% of Mintcoin enthusiasts. We don't wish to make such assumptions. Especially when the success of the first few weeks of Karmashares has changed the nature of the game.

There was more than one person who thought that we'd never make it above 1 satoshi again once we dropped into the abyss of single-digit litoshis. "It's never been done before. Karmacoin is dead!"

We are not your average coin.

We are re-writing the rules of the game, and going where no coin has gone before. We're like the USS Starship Enterprise trekking to a new galaxy. We can move quickly because we're so damn excited to get there and reap the rewards or we can ensure our continued survival by moving carefully into this strange new unchartered territory. With a good crew like Jean-Luc, Number 1, Data, commander Warfwarf, and others also making observations and careful considerations you guys can be sure you've picked the right ship and we're less likely to crash into some invisible force field that we didn't see coming because we're the first ones there.

Go Karma!

This is kind of the quiet period now. Plenty of time for everyone to carefully consider what is happening with Karma now and to position themselves appropriately.

May 11 and afterwards will be a different story, however.

Yes. more people should have a chance to get a slice of our karma. Its still relatively cheap to buy and somewhat easy to mine a few millions.


Also make sure you all check out reddit. there a lot more activity there : )