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Topic: [ANN][KARM] Karma / ₭ / X11 - page 75. (Read 583113 times)

hero member
Activity: 798
Merit: 1000
October 29, 2014, 10:05:41 AM
And what one thing really makes you think he's telling the truth?
Send a few coins here and there.....make people think i'm trying.
I've had three different coin (Btc,Karma,Syscoin) requests on that site ever since it came up.
Nothing yet.
Guarantee he's buying time to plot a way out.

both moolah and the previous mintpal owners (the people who control the mintpal twitter account) have the ability to release those coins for which old wallets were found. ie FLT, KARMA, MIN, XCR, XMR, FAIR, SUPER, TES

this is the problem with selling an exchange... the previous owners were able to retrieve those wallets from an old decommissioned server.

if they so wish mintpal could simply return all the coins to the people who owned them when the server was decommissioned but this information is out of date.

that is why they need moolah to give them a report of exactly who owns what and the correct withdraw addresses.

if moolah fails to deliver then mintpal could simply pull the rug out from under them by moving all the coins that they can control to new wallets.

right now neither side can act unilaterally without being seen by the public (and authorities) as trying to steal the coins. This is why they have to work together and it is also why it is in our best interests to keep the negotiations open and free from scam accusations.

the reality is that there is nothing stopping either side from stealing those coins, except for the law so the coins will never be safe until they are back in the hands of their rightful owners.
legendary
Activity: 1019
Merit: 1001
Spectreproject Community Manager
October 29, 2014, 09:17:47 AM
And what one thing really makes you think he's telling the truth?
Send a few coins here and there.....make people think i'm trying.
I've had three different coin (Btc,Karma,Syscoin) requests on that site ever since it came up.
Nothing yet.
Guarantee he's buying time to plot a way out.
legendary
Activity: 1274
Merit: 1000
October 28, 2014, 04:21:24 PM
i have faith. I dont see them really stealing alt coins so i think in the end we will get most of our coins back. On a serious note,only few people pressuring them with constant tweets...... Even if you do not have any coins in there tweet to support you Karma brothers

Moolah : https://twitter.com/moolah_io
Quote
We will be making a limited database snapshot available to a 3rd party to allow for the following withdrawals to be processed... /1

Quote
... FLT, KARMA, MIN, XCR, XMR, FAIR, SUPER, TES. /2
sr. member
Activity: 532
Merit: 250
October 28, 2014, 01:05:54 PM
in any case... the collapse of Mintpal would have made it very hard for the LLC to keep operating since any business model based on Karma requires good liquidity in the market.

One can allways use cyptsy Wink

https://www.cryptsy.com/markets/view/193
hero member
Activity: 798
Merit: 1000
October 28, 2014, 06:12:34 AM
https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

Even if kosmost held on longer to the LLC/POC this would have killed it , no?

yes, no, maybe!?!.. kosmost claimed he sought the appropriate legal advice.
if he actually did get the appropriate legal advice then any sec inquiry wouldn't have been an issue.

since he shut down the LLC and gave the coins back before any of this could be tested we will probably never know.

in any case... the collapse of Mintpal would have made it very hard for the LLC to keep operating since any business model based on Karma requires good liquidity in the market.

sr. member
Activity: 448
Merit: 250
legendary
Activity: 1274
Merit: 1000
October 27, 2014, 11:11:29 PM
actually one exchange has already closed shop and shredding all their documents.


i would remove all your coins from any exchange asap. and wait watch this fight go down. Better be safe every one
legendary
Activity: 1274
Merit: 1000
October 27, 2014, 10:59:33 PM
https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/



Even if kosmost held on longer to the LLC/POC this would have killed it , no?
legendary
Activity: 1274
Merit: 1000
October 27, 2014, 08:34:04 PM
people need to help out mining on the p2pool, that lonely ranger could use some help.

please support p2p pools everyone. its the best solution to %51 attacks
full member
Activity: 172
Merit: 100
October 27, 2014, 04:40:10 AM
people need to help out mining on the p2pool, that lonely ranger could use some help.
hero member
Activity: 2268
Merit: 507
October 25, 2014, 01:10:26 PM
Where mining KARMA? In http://www.xhash.net/index.php?coin=karmacoin&page=statistics&action=pool there is some fraud .... Just watch how STINGER45 blocks made ​​with this little hashrate !!!
Probably lucky ..... or .....

What are talking about? just coz he foung a block it doesnt mean hes doing some wrong let me show u something .
having the highest hash rate doesnt mean u get to find all the block.


sr. member
Activity: 425
Merit: 250
October 25, 2014, 07:09:53 AM
Where mining KARMA? In http://www.xhash.net/index.php?coin=karmacoin&page=statistics&action=pool there is some fraud .... Just watch how STINGER45 blocks made ​​with this little hashrate !!!
Probably lucky ..... or .....
hero member
Activity: 798
Merit: 1000
October 25, 2014, 01:29:44 AM
To follow up on that attorney action (urgent injunction) I posted earlier today, it's my understand now that Syscoin has initiated it (please don't quote me - do your own research):

http://syscoin.org/syscoin-granted-injunction-against-moolahryan-kennedy-by-high-court-papers-served/

I am not an expert in UK law by any means but to me it seems a little odd that this case would go to the high court without first going to a lower court. also if the court grants an injunction then there's should be a publicly available document somewhere that people can view.
it also seems a little odd how this would happen so quickly given the nature of how slow courts are.

so I would be sceptical about these claims without first seeing actual documentation.

as I said.. I am no expert on the UK court system.. I just find it a little strange. I have seen a lot of multimillion dollar bitcoin scams with the authorities and victims doing very little to chase down the scammers.

if this is a case where one set of victims have taken firm and decisive action then I am all for it but this could also mean that our coins get tied up in the UK court system for a long long time and they will end up getting paid out first while everyone else who is not part of the legal action gets to wait for the leftovers.
hero member
Activity: 826
Merit: 1000
'All that glitters is not gold'
October 25, 2014, 01:14:05 AM
Tweeted to https://twitter.com/moolah_io/ too !
I hope I will regain my KARM   Sad
sr. member
Activity: 257
Merit: 250
October 24, 2014, 05:06:35 PM
To follow up on that attorney action (urgent injunction) I posted earlier today, it's my understand now that Syscoin has initiated it (please don't quote me - do your own research):

http://syscoin.org/syscoin-granted-injunction-against-moolahryan-kennedy-by-high-court-papers-served/
legendary
Activity: 1274
Merit: 1000
October 24, 2014, 04:18:16 PM
best scenario is that they fix the funds and let people withdraw their coins.

Therefore please keep tweeting all day.
sr. member
Activity: 257
Merit: 250
October 24, 2014, 02:51:44 PM
https://twitter.com/Selachii_LLP/status/525726839646744577
https://twitter.com/ferdousbhai

The 1st four paragraphs are relevant to the current situation with Mintpal and Karma coin (not to suggest the rest of the post is not worth reading).

Good Karmic Dust and Blessings to everyone.

legendary
Activity: 1024
Merit: 1004
October 24, 2014, 08:58:48 AM
So what do we need to do as a community to move forward? Although I lost 12.6mil on mintpal I am confident we can move past this. We have endured several sinkholes in the road as of late. There are shitty people in this world. All the more reason for good Karma to prevail. I am going to keep mining Karma and hopefully doing good things with it. I propose we rally behind a cause and all donate.

welcome, and thanks for the post.
having a donation drive is a good idea but the problem we have is lack of liquidity in the market due to the collapse of mintpal.

if we all donated coins now then the person collecting would have to dump them onto cryptsy so that they could transfer into BTC or fiat to give to the charity.
because cryptsy has low volume this would cause the price to drop significantly or it would make the transfer process extremely long and tedious.

so really we do need to wait for a liquid market to develop before we can move forward with any kind of significant donation drive.

kinda sucks but that's where we are now.

Just a small, humble plug for the https://doabitofgood.com/bit4bit matching funds -- we accept Karma directly and can do campaign matching in Karma directly without having to do the exchange -- otherwise, as you've noted, you're really only just shuffling deck chairs around if you send someone coins only to have them dump them all onto an exchange at one time.

-dvd
hero member
Activity: 798
Merit: 1000
October 24, 2014, 08:15:22 AM
So what do we need to do as a community to move forward? Although I lost 12.6mil on mintpal I am confident we can move past this. We have endured several sinkholes in the road as of late. There are shitty people in this world. All the more reason for good Karma to prevail. I am going to keep mining Karma and hopefully doing good things with it. I propose we rally behind a cause and all donate.

welcome, and thanks for the post.
having a donation drive is a good idea but the problem we have is lack of liquidity in the market due to the collapse of mintpal.

if we all donated coins now then the person collecting would have to dump them onto cryptsy so that they could transfer into BTC or fiat to give to the charity.
because cryptsy has low volume this would cause the price to drop significantly or it would make the transfer process extremely long and tedious.

so really we do need to wait for a liquid market to develop before we can move forward with any kind of significant donation drive.

kinda sucks but that's where we are now.
newbie
Activity: 19
Merit: 0
October 24, 2014, 07:45:32 AM
So what do we need to do as a community to move forward? Although I lost 12.6mil on mintpal I am confident we can move past this. We have endured several sinkholes in the road as of late. There are shitty people in this world. All the more reason for good Karma to prevail. I am going to keep mining Karma and hopefully doing good things with it. I propose we rally behind a cause and all donate.
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