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Topic: [ANN][KARM] Karma / ₭ / X11 - page 67. (Read 583252 times)

full member
Activity: 224
Merit: 250
November 30, 2014, 04:49:32 AM
why this do not solving old mintpal owners? If I have balance at V2, then there is some database. I have read many times, that karma from V1 was not migrated into V2 and it will not to be problem send karm back to owners
full member
Activity: 184
Merit: 100
November 29, 2014, 09:06:33 PM
The current plan, excluding the exceptions listed below, for making the distribution are as follows:
Click on the hyperlink above or copy/paste this into your web browser https://bitcointalksearch.org/topic/m.9647883

Current alteration proposals (we might hold a vote on) that have been supported are:
1. Use v1 balances instead of v2 balances. This proposal would also mean there is no Round 1 and 2. There would be no adjudication on v2 balances, it is v1 balances only.

Key advantages of using v1 instead of v2:
1. There is less adjudication work on if funds should be paid, the amount can be looked up on the Mintpal v1 database. This means there won't absolutely need to be a committee, because it is simply checking the balance against the account.
2. It will avoid the requirement of giving a v2 password to the people making the distribution.
3. The total maximum number and quantum of claims is known if you go by the method that if it isn't on v1 then you don't have a claim.

Key disadvantages of using v1 instead of v2:
1. People have sold/bought 100s of millions of Karma on v2. If v1 balances are used then people that sold their Karma will get it back again at the expense of people that bought the Karma. This means people could lose 100% of their Karma balance by doing this method.
2. People that deposited Karma in v2 may not be able to make a claim because funds they deposited are likely to form part of the total Karma available to be distributed to v1 fund holders.

Things that are not advantages/disadvantages of using v1 instead of v2:
1. It may only be possible to pay a percentage of funds (% to be determined) in both scenarios. This percentage will most likely be determined by the shortfall of Karma at v1 compared to v1 claims, the same shortfall is likely to exist in v2 claims, if not become larger.

I haven't seen any other detailed proposals with the process to be followed spelt out, I will do the advantages/disadvantages to make sure no side of the argument is underrepresented, I can add advantages/disadvantages I missed upon request.

Actual alterations are:
Bitwho will now be receiving the wallet instead of Scryptminer. This is because Scryptminer doesn't want to. There have been no volunteers other than Bitwho to receive it and he has yet to confirm if he will be the person transferring the Karma.

Update on the progress of the plan in general:
There have been no nominations to be on the committee, which is needed to deal with v2 balances that are incorrect (for example from failed withdrawals). The committee may not be required if v1 balances are used because they can be taken from the Mintpal v1 database, assuming it is provided.

Update on the progress of recovering funds:
The wallet / database haven't been provided yet. I've been advised that Bitwho is working with Ferdousbhai who is currently being held up by something outside of his control.

Update on the progress of the website:
The website is being worked on by Scryptminer with a bit of help from other people. I anticipate this will be ready shortly after the database is received and/or the plan is finalised.

Chargin.
full member
Activity: 184
Merit: 100
November 29, 2014, 08:12:39 PM
When I am logged into a mintpal.com and I see my balances and withdrawal requests, is it mintpal V2? All I know is I have KARMA at old mintpal and when they migrate, I was not move with my coins because new mintpal has realy stupid user interface. So, now I can look at my balance- my real balance from old mintpal, will I get all my coins back? Why mintpal just do not send all coins to our withdrawal address?

When you log into Mintpal now you see your v2 balance. If you haven't done anything with your Karma since the launch of v2 then your v2 balance should match your v1 balance. You will most likely get your coins back from the process being discussed on this forum.

Apparently Moolah left Karma's wallet on an old server which was going to be wiped by the hosting provider due to non-payment. One of the investors of Mintpal v2 (Ferdousbhai) worked with a couple of other people to recover the Karma wallet (as well as other wallets such as FLT) from that server. They are the ones that currently hold the Karma wallet. Mintpal v2 can't send your Karma back because they probably don't have the wallet, however nobody knows that for sure. This is all hearsay of course.

To whoever running the process, just a quick thing i just realized. For Fluttercoin, a lot of FLT has been withdrawn from V2. So if we just trust V1, we paid some person in double. Most of our guys has been honest and told us they did actually cashed out some from V2, so we assume few double sending occured.

But if you use both balance, you may have a bit of a challenge (maybe Karma owners will be honest and advise if they cashed out from V2, fine!).

I mean if someone got 100M from V2, those coins still appear in V1. So he can stay quiet and claim from V1 balance.

The people making the distribution are aware of the disadvantage of using the v1 balance (sold Karma is an issue, withdrawals were not working), that is why the current plan is to use the v2 balances. People have suggested using v1 balances because they don't want to provide their Mintpal v2 passwords to the people making the distribution. There may be a vote on this.

I doubt the people making the distribution will end up using both balances because that option makes the least sense instead of aiming for v1 or v2 balances. The original proposal, potential/actual changes and an update will be given in my next post.

Chargin.
sr. member
Activity: 348
Merit: 250
November 29, 2014, 06:36:41 PM
To whoever running the process, just a quick thing i just realized. For Fluttercoin, a lot of FLT has been withdrawn from V2. So if we just trust V1, we paid some person in double. Most of our guys has been honest and told us they did actually cashed out some from V2, so we assume few double sending occured.

But if you use both balance, you may have a bit of a challenge (maybe Karma owners will be honest and advise if they cashed out from V2, fine!).

I mean if someone got 100M from V2, those coins still appear in V1. So he can stay quiet and claim from V1 balance.


Our devs trying to fucked us?

Karma was one of the coins on V2 that withdrawal was not possible...
hero member
Activity: 741
Merit: 500
November 29, 2014, 05:27:33 PM
To whoever running the process, just a quick thing i just realized. For Fluttercoin, a lot of FLT has been withdrawn from V2. So if we just trust V1, we paid some person in double. Most of our guys has been honest and told us they did actually cashed out some from V2, so we assume few double sending occured.

But if you use both balance, you may have a bit of a challenge (maybe Karma owners will be honest and advise if they cashed out from V2, fine!).

I mean if someone got 100M from V2, those coins still appear in V1. So he can stay quiet and claim from V1 balance.
full member
Activity: 224
Merit: 250
November 29, 2014, 04:24:01 PM
When I am logged into a mintpal.com and I see my balances and withdrawal requests, is it mintpal V2? All I know is I have KARMA at old mintpal and when they migrate, I was not move with my coins because new mintpal has realy stupid user interface. So, now I can look at my balance- my real balance from old mintpal, will I get all my coins back? Why mintpal just do not send all coins to our withdrawal address?
full member
Activity: 147
Merit: 100
DopeCoin! My Green Goddess!
November 29, 2014, 07:22:32 AM
After the Moolah fiasco etc. We need to be very careful who is entrusted with the keys to the Karma wallet. Beware the wolf in sheeps clothing. All is not what it seems here....
On another note I agree Telegram/Trello can be quite useful for tasks etc but who has been given the task of keeping this forum updated with what is going on. As this is the first port of call for karma coin holders surely goings on which affect the community should be posted here.
Forgive my skepticism but once bitten twice shy.
newbie
Activity: 36
Merit: 0
November 29, 2014, 04:46:15 AM
Wait a minute...I haven't paid attention to Karma since the Poloni delisting a while back and rather than catch up on 150 pages of posts, Karma isn't scrypt anymore and all my old coins are garbage?

Your old coins are OK, unless you did not mine them on abandoned X11 blockchain. If you got them before block 255,000 those coins are fine. (Karm switched to X11 in August)

@socoban - please check your messages - Thanks
newbie
Activity: 36
Merit: 0
November 29, 2014, 03:44:56 AM
Hello guys.

Please can we all unite and try to figure out the best solution to this? We always do this. the moment a decision is needed to be made we start contradicting each other and create unnecessary tension.


What is the most important part? To secure the V1 wallet. To get the wallet into the hands of our people. We have the luck and opportunity that only two other coin community have gotten so far. Ferdous, the mintpalV1 & Tahiti LTD will hand over the MintpalV1 and the info to me. The info will have the users name , email , deposit address and amount information.

again. the critical part is that we are having the opportunity to get our coins back. An opportunity that not many coin communities are getting,

This is where we need to come together. The most important part is that we all agree to a system for now. It doesn't have to be final. Once we receive the wallet and the info then we can look into the details and figure out what additional detail we might need.

Everything Charging , scryptminer , east , me and few others are doing is to make sure we :

1. Get the coins first
2. Distribute them to the proper owners
3. Avoid getting in trouble for stepping up to help with this process.


So if you want to help. do not waste time arguing with what is being suggested but help improve it. It is sad that as we are trying to figure out the best solution we are worried that it will back fire and get us in trouble. So please help us make this process fool proof and lift some of the stress off our shoulders.

Here is fluter coin  : https://bitcointalksearch.org/topic/m.9572695
Here is fair coin : https://bitcointalksearch.org/topic/annfair-faircoin-for-a-fair-economy-featuring-proof-of-cooperation-702675  and their recovery forms https://chain.fair-coin.org/rt/mintpal-recovery.html


Therefore; Before we spent more time in the ethical of giving up your password or not. Let move forward. Let's make the password optional. Name, email , mintpal deposit address , amount of coins , comment section for additional info. screen shot of your mintpalv2 page. If there is not enough information to validate your claim then you can offer your password to further prove such claim.

We also need to figure out how to approach the timeline:

How long do we keep the claims fill forms open. (while it would be ideal to leave it as long as possible it wouldn't be fair to the ones that filled it and waiting for their coins )
What to do if the wallet coins are less then the claims
What to do if every proven claim got their coins but there are left overs
Do we all agree that as long as the proposed steps are followed , then neither the people helping out nor the community should be help accountable if some one shows up months later and has undeniable proof that some of those coins belonged to them but the coins have already been distributed away.


Hope you all get the gist of this. There are few of us scrambling with what we got here , trying to come up with the best solution to this. we would love nothing more then to give everyone their coins back. But we have to come up with a unified agreeable solution with some 'rules" to prevent any of us getting into trouble.


And I like to add the following towards all those untrusty Karmians. My Company is the biggest Sole owner of Karma, we own around 10%+ of all Karma. I have absolut no intention to steal anyone's coins. In fact if you been following our Forums I am even giving Karma away for free. Bare in mind all the work we put in here is just for you. I have had nothing on Mintpal all my Karma is safe and sound. I setup the Hosting for a Claims Form and work with Chargin, Who, East to get your Karma back. Start to help us to help you.



Ah, yea the context might have been not well explained.
You can see all my contributions to the Karma World via our Facebook, Twitter Channels. We also use Karma for our Reward program where you get free Karma for every Item you Purchase in our Shop. Also for Our Mining Housing Operation you receive Free Karma depending on your Package. (That part is currently only handled intern but will be also part of our new Karma Reward Program that we will host for everyone to see soon). We run give-aways via the Facebook Channel, so if you want to get some just check it out.

Shop: www.scryptminer.ch
Twitter: https://twitter.com/scryptminerch
FB: https://www.facebook.com/scryptminer

And you will surely see some give-aways from myself in the new Karma Forum that soon goes live.

On that Note if you are interested to help the Karma Community I would gladly see you join our Telegram discussions, We are looking for Contributors, Authors, Site-Admins that are willing to help out.

Thanks and Have a awesome Weekend
scryptminer
sr. member
Activity: 448
Merit: 250
November 28, 2014, 07:27:16 PM
Hello guys.

Please can we all unite and try to figure out the best solution to this? We always do this. the moment a decision is needed to be made we start contradicting each other and create unnecessary tension.


What is the most important part? To secure the V1 wallet. To get the wallet into the hands of our people. We have the luck and opportunity that only two other coin community have gotten so far. Ferdous, the mintpalV1 & Tahiti LTD will hand over the MintpalV1 and the info to me. The info will have the users name , email , deposit address and amount information.

again. the critical part is that we are having the opportunity to get our coins back. An opportunity that not many coin communities are getting,

This is where we need to come together. The most important part is that we all agree to a system for now. It doesn't have to be final. Once we receive the wallet and the info then we can look into the details and figure out what additional detail we might need.

Everything Charging , scryptminer , east , me and few others are doing is to make sure we :

1. Get the coins first
2. Distribute them to the proper owners
3. Avoid getting in trouble for stepping up to help with this process.


So if you want to help. do not waste time arguing with what is being suggested but help improve it. It is sad that as we are trying to figure out the best solution we are worried that it will back fire and get us in trouble. So please help us make this process fool proof and lift some of the stress off our shoulders.

Here is fluter coin  : https://bitcointalksearch.org/topic/m.9572695
Here is fair coin : https://bitcointalksearch.org/topic/annfair-faircoin-for-a-fair-economy-featuring-proof-of-cooperation-702675  and their recovery forms https://chain.fair-coin.org/rt/mintpal-recovery.html


Therefore; Before we spent more time in the ethical of giving up your password or not. Let move forward. Let's make the password optional. Name, email , mintpal deposit address , amount of coins , comment section for additional info. screen shot of your mintpalv2 page. If there is not enough information to validate your claim then you can offer your password to further prove such claim.

We also need to figure out how to approach the timeline:

How long do we keep the claims fill forms open. (while it would be ideal to leave it as long as possible it wouldn't be fair to the ones that filled it and waiting for their coins )
What to do if the wallet coins are less then the claims
What to do if every proven claim got their coins but there are left overs
Do we all agree that as long as the proposed steps are followed , then neither the people helping out nor the community should be help accountable if some one shows up months later and has undeniable proof that some of those coins belonged to them but the coins have already been distributed away.


Hope you all get the gist of this. There are few of us scrambling with what we got here , trying to come up with the best solution to this. we would love nothing more then to give everyone their coins back. But we have to come up with a unified agreeable solution with some 'rules" to prevent any of us getting into trouble.


And I like to add the following towards all those untrusty Karmians. My Company is the biggest Sole owner of Karma, we own around 10%+ of all Karma. I have absolut no intention to steal anyone's coins. In fact if you been following our Forums I am even giving Karma away for free. Bare in mind all the work we put in here is just for you. I have had nothing on Mintpal all my Karma is safe and sound. I setup the Hosting for a Claims Form and work with Chargin, Who, East to get your Karma back. Start to help us to help you.


newbie
Activity: 36
Merit: 0
November 28, 2014, 05:01:30 PM
@scryptminer:

where are your forums?

sorry I do not compute... where are my forums? What is your question referring too?

If you looking for a position as Karma Forum Admin or Author then please come to Telegram where you can find us and drop us a line.
sr. member
Activity: 448
Merit: 250
November 28, 2014, 02:46:03 PM
@scryptminer:

where are your forums?
sr. member
Activity: 448
Merit: 250
November 28, 2014, 02:33:45 PM
Listen to east, who, socoban, alphi and chargin. They will act in your best interest. Strong characters. They are still here. Karma has intrinsic value beyond its price. I really should buy some more Smiley

think about a trust fund for people who will loose Karma during the process. That would resemble Karma spirit. Love you guys

hero member
Activity: 741
Merit: 500
November 28, 2014, 11:17:57 AM
Whatever you choose - I want to let you know that massmailing using mailchimp avoid spam box !

Go Karma Go, Id more the happy if you do better then FLT - a good action is a good action. 

See ya
sr. member
Activity: 314
Merit: 250
November 28, 2014, 09:01:30 AM
Wait a minute...I haven't paid attention to Karma since the Poloni delisting a while back and rather than catch up on 150 pages of posts, Karma isn't scrypt anymore and all my old coins are garbage?

Your old coins are OK, unless you did not mine them on abandoned X11 blockchain. If you got them before block 255,000 those coins are fine. (Karm switched to X11 in August)
sr. member
Activity: 350
Merit: 250
November 28, 2014, 07:30:50 AM
Wait a minute...I haven't paid attention to Karma since the Poloni delisting a while back and rather than catch up on 150 pages of posts, Karma isn't scrypt anymore and all my old coins are garbage?
full member
Activity: 184
Merit: 100
November 28, 2014, 06:13:41 AM
Hello !

By V1 do you mean the version of Mintpal before the Moolah ?
or
the all KARM mined before the fork to X11 ?

Before Moolah took over Mintpal and launched the new platform.

Chargin.
hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
November 28, 2014, 06:09:46 AM
Hello !

By V1 do you mean the version of Mintpal before the Moolah ?
or
the all KARM mined before the fork to X11 ?

I had ~14,000,000 KARM mined when the algo was scrypt. I left this amount on Minpal because I wasn't sure about the new wallet for X11.
Can you include me on the list, in order to recover my coins ?
full member
Activity: 184
Merit: 100
November 27, 2014, 09:26:44 PM
Last time I post about it here - it's up to you guys, but instead of trying to get ''perfect'' solution, why don't you just push for an actual realistic solution ?  Steps are simple to send back coins using V1 DB.  Sure it is not perfect, but its 90%+ accurate since few trades had been made on V2.  We are doing it now for Fluttercoin, and it's an easy process:

- We sent an email to each Mintpal customers with a V1 FLT balance, asking for a withdraw address.
- We send coins back.
- Repeat.

For us, there is a gap between wallet balance and users total balance, so we send balance minus 8.95%.  As I said, its not perfect, but it is 100% better then most of other coins in crypto, so we accept the little loss, and move on.  

Asking for password, waiting, round 1 - 2 etc is just a pain in the ass for whoever have to handle it, and may even get him legal problem later.

We sent back 20 000 000 FLT out of 58 000 000, I would say it's a good start.  We are now sending another email.  And as a community, we decided that if it was unclaimed coins, we would just let them sit forever.  We don't have any right to use it, or to delete it.  So if ever we face some legal question, we will have every single proof or transactions we did, + all the remaining coins.  

As I said, up to you, but it's so simple that way.  

Good luck u guys !


Thanks for your input. We looked at what FLT did and decided the community had the right to decide how their funds are distributed. There is no reason we can't try to do it better than FLT, so you'll be better than 100% except for 1. "90%+ accurate" when comparing total values isn't much of a consolation for people that end up with 0% of their holdings if they only bought in v2. It is however up to the community and we may end up doing the same thing you did.

The site and information is currently being gathered, it doesn't hurt at all to discuss the matter here while that occurs.

Doing it the best we can is good Karma after all...

Chargin.
sr. member
Activity: 314
Merit: 250
November 27, 2014, 06:18:31 PM
Please don't assume that.
I have 0 Karma on V1.
I have 100 million Karma on v2 and can prove with a screenshot.


Screenshot is  not a proof, only V2 password is (Anybody can create fake screenshot in few seconds).  I agree with you, fair is V2 balance, V1 is less fair. If we can use V2, than do it, or at least let people from V2 proof by their password. Reverting to V1 is simple and wrong, if we have an option for V2 balance check.
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