Looking forward to the answers. We'll need them soon if the kickoff is indeed going to be tonight. Cannot decide how/what to invest if I don't understand the system.
On another note - damn is price moving up fast. Slow down people, we want this coins price sustained, not pump and dumped.
Anyway, bye bye cheap Karmacoin, I wish I had bought more of you. But I was always out of LTC when price was lowest. I guess I need to find new homes for my buywalls now. It was fun defending KARM against dumpers for the past few weeks. ;-)
I will watch where the new floor settles and then help wall there as long as I have some LTC left.
Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 28. (Read 352484 times)
April 19, 2014, 06:18:43 PM
April 19, 2014, 06:15:15 PM
Nice to see more people coming on this thread, welcome !
Please stay calm and cool, everyone bring his own ideas.
Sometimes people misunderstand themselves because of lack of language, don't forget that we all come from different parts of the world (I am French).
Don't forget to subscribe on our reddit ! Action is other-there !
Please stay calm and cool, everyone bring his own ideas.
Sometimes people misunderstand themselves because of lack of language, don't forget that we all come from different parts of the world (I am French).
Don't forget to subscribe on our reddit ! Action is other-there !
April 19, 2014, 06:09:38 PM
Great questions, details are coming. This has never been done before so we want to make sure we have all the details hammered down before launch, but the mission of KarmaShares, and that of Karma the crypto, will be one in the same. KarmaShares will be the nimble business end of Karma representing us in both the business and scholastic arenas.
Shawnleary, do you know what is total karmashare points ? I know we have total 92 karmacoins not karmashare points...
Thanks
Did u even read the FAQ ...
no one can know the Total unless the quantum end + more % for the POC
btw ltc getting some momentum too close to 0.026
April 19, 2014, 06:05:22 PM
Great questions, details are coming. This has never been done before so we want to make sure we have all the details hammered down before launch, but the mission of KarmaShares, and that of Karma the crypto, will be one in the same. KarmaShares will be the nimble business end of Karma representing us in both the business and scholastic arenas.
Shawnleary, do you know what is total karmashare points ? I know we have total 92 karmacoins not karmashare points...
Thanks
April 19, 2014, 05:56:08 PM
Great questions, details are coming. This has never been done before so we want to make sure we have all the details hammered down before launch, but the mission of KarmaShares, and that of Karma the crypto, will be one in the same. KarmaShares will be the nimble business end of Karma representing us in both the business and scholastic arenas.
April 19, 2014, 05:49:01 PM
Completely forgot I even had Karma! Been trading on Cryptsy all day. My KARM balance is still the same yet I've made 1.7 LTC buy putting in low buy and high sell orders! 
April 19, 2014, 05:28:21 PM
Wehere do i get the laters wallet? the site that hosting the wallets is not working any help?
get here ^__^ http://karmacoin.me/wallets/karmacoin_windows_wallet
April 19, 2014, 05:28:14 PM
i don't get what is happening right now lol......
just chaos buy and sell orders can't see where its going lol
Did you check the volume? Between Cryptsy and Minpal KARM has been generating around 20BTC (or 800LTC) trading volume today. That's still not much compared to what will come, but much higher than anythign this coin has seen in a long, long time.just chaos buy and sell orders can't see where its going lol
Of course volume brings volatility. New people pouring in raise the price (no time for slow accumulation), others want to supress it (to keep buying cheap KARM for a while longer) or just want out with a healthy profit (don't forget, there's plenty people who bought KARM at 10litoschi - ~27litoshi is fantastic profit).
The more attention KARM gets the coming days, the more volatile price will get. But the base value (average price) has already risen 100% compared to 2 days ago. I think it will only go up from here.
April 19, 2014, 05:24:50 PM
Wehere do i get the laters wallet? the site that hosting the wallets is not working any help?
April 19, 2014, 05:16:12 PM
yes, please let everyone voice their opinions.
April 19, 2014, 05:02:49 PM
First of all good job so far kosmost and the whole team. There's a great deal of excitement in the air now, great time to be part of this community! 
That said, I have read through the Karmashares site and FAQ several times now. As exciting as I find the idea (its really quite simple, as most great ideas are), its the details that irritate me.
You say that shares are reserved for potentially any Karmacoin that will ever be created (~92Billion max). But how do you prevent "double claiming" (for lack of a better term)? Lets say I decide not to exchange my coins, but instead participate by holding them in my wallet for 30 days. I then get shares/points for every one of those coins, so theoretically their shares cannot be claimed again, right? What if after those 30 days I decide to sell half of those coins. The buyer now wants to also claim his shares, but his wallet now contains 5.000.000 of my "already claimed" coins and lets say 5.000.000 "unclaimed" of his own. This is when it starts to get really confusing.
Exchanging them is more straightforward at first glance. But what exactly happens to those coins? Do they stay in cold storage for a certain time, or are they destroyed (sure hope not, though that might increase value of the remaining coins)? If they are not "locked away forever", then we will run into the same problems described above as the coins enter circulation again.
Maybe I just don't get it yet , but I feel I'm not alone. I think you'll still have to finetune the site explaining the concept in the coming days.
@rickyross I don't think kahir is trolling, he's just voicing his opinion. Lets be nice please.
That said, I have read through the Karmashares site and FAQ several times now. As exciting as I find the idea (its really quite simple, as most great ideas are), its the details that irritate me.
You say that shares are reserved for potentially any Karmacoin that will ever be created (~92Billion max). But how do you prevent "double claiming" (for lack of a better term)? Lets say I decide not to exchange my coins, but instead participate by holding them in my wallet for 30 days. I then get shares/points for every one of those coins, so theoretically their shares cannot be claimed again, right? What if after those 30 days I decide to sell half of those coins. The buyer now wants to also claim his shares, but his wallet now contains 5.000.000 of my "already claimed" coins and lets say 5.000.000 "unclaimed" of his own. This is when it starts to get really confusing.
Exchanging them is more straightforward at first glance. But what exactly happens to those coins? Do they stay in cold storage for a certain time, or are they destroyed (sure hope not, though that might increase value of the remaining coins)? If they are not "locked away forever", then we will run into the same problems described above as the coins enter circulation again.
Maybe I just don't get it yet , but I feel I'm not alone. I think you'll still have to finetune the site explaining the concept in the coming days.
@rickyross I don't think kahir is trolling, he's just voicing his opinion. Lets be nice please.
April 19, 2014, 04:58:41 PM
What is total karmashare points ? So I can calculate % of profit ?
Thanks...
Thanks...
April 19, 2014, 04:32:33 PM
one more thing....
"What is Proof of Coin?" http://www.reddit.com/r/CryptoCurrency/comments/23gn9y/announcing_the_proofofcoin_poc_model/
"What is Proof of Coin?" http://www.reddit.com/r/CryptoCurrency/comments/23gn9y/announcing_the_proofofcoin_poc_model/
Kosmot please don't follow the POS wave .... karma is gonna be great with the new of POC and karmashares
my best hopes
POC is a great idea, but the POC+POS combination would make karmacoin a POS on steroids, and unlike any other coin.
Anyways great job so far, and keep up the good work karma team +1
@Kahir, Go away you troll nobody wants you here...!
April 19, 2014, 04:26:55 PM
I read all but do not understand all ^^ .
When do you sell coin to have profit in poc?
What is going on if the coin value go down and not up?
If i invest 10 000 000 in share and have maybe 1% of the share, what when more and more user participate in the system? my 1% will be 0.9% 0.8% and after some time 0.1% maybe?
If you sold the coin to have some profit what going on if the people who buy it dont participate in karma share and dont reinvest?
When do you sell coin to have profit in poc?
What is going on if the coin value go down and not up?
If i invest 10 000 000 in share and have maybe 1% of the share, what when more and more user participate in the system? my 1% will be 0.9% 0.8% and after some time 0.1% maybe?
If you sold the coin to have some profit what going on if the people who buy it dont participate in karma share and dont reinvest?
Very good question.
KarmaShare will be something entirely different. To gain access to this venture, you will need Karma.
One thing missing from all of these open source coins is a corporate entity that works with the underlying technology. Everyone is hoping to invest in the next coin with the next new widget. The blockchain is already the finest piece of meat on the bone! Adding more functionality is great, but until a business utilizes the underlying technology, its really all 100% speculation when investing. Kosmost and the rest of our leadership team are building a business that will utilize Karma's technology and accept only Karma to invest in this. Once this project is launched, we will instantly boost our coin's place in the crypto-sphere.
Stay tuned!
April 19, 2014, 04:09:56 PM
I read all but do not understand all ^^ .
When do you sell coin to have profit in poc?
What is going on if the coin value go down and not up?
If i invest 10 000 000 in share and have maybe 1% of the share, what when more and more user participate in the system? my 1% will be 0.9% 0.8% and after some time 0.1% maybe?
If you sold the coin to have some profit what going on if the people who buy it dont participate in karma share and dont reinvest?
When do you sell coin to have profit in poc?
What is going on if the coin value go down and not up?
If i invest 10 000 000 in share and have maybe 1% of the share, what when more and more user participate in the system? my 1% will be 0.9% 0.8% and after some time 0.1% maybe?
If you sold the coin to have some profit what going on if the people who buy it dont participate in karma share and dont reinvest?
Very good question.
April 19, 2014, 04:05:14 PM
I read all but do not understand all ^^ .
When do you sell coin to have profit in poc?
What is going on if the coin value go down and not up?
If i invest 10 000 000 in share and have maybe 1% of the share, what when more and more user participate in the system? my 1% will be 0.9% 0.8% and after some time 0.1% maybe?
If you sold the coin to have some profit what going on if the people who buy it dont participate in karma share and dont reinvest?
When do you sell coin to have profit in poc?
What is going on if the coin value go down and not up?
If i invest 10 000 000 in share and have maybe 1% of the share, what when more and more user participate in the system? my 1% will be 0.9% 0.8% and after some time 0.1% maybe?
If you sold the coin to have some profit what going on if the people who buy it dont participate in karma share and dont reinvest?
April 19, 2014, 03:58:52 PM
one more thing....
"What is Proof of Coin?" http://www.reddit.com/r/CryptoCurrency/comments/23gn9y/announcing_the_proofofcoin_poc_model/
"What is Proof of Coin?" http://www.reddit.com/r/CryptoCurrency/comments/23gn9y/announcing_the_proofofcoin_poc_model/
Kosmot please don't follow the POS wave .... karma is gonna be great with the new of POC and karmashares
my best hopes
April 19, 2014, 03:58:18 PM
Began to stake in? Good bed early. . .
no. the coin is still as it is. scrypt with POW. We are still working on the best decision of P.O.Swhat karmashare.com is introducing would be P.O.C (proof of coins)
Read the faq well. make sure you understand them : )
yes, we have not forgotten about PoS
PoC + PoS = quantum explosion!
April 19, 2014, 03:57:20 PM
one more thing....
"What is Proof of Coin?" http://www.reddit.com/r/Karmashares/comments/23h8v3/what_is_proofofcoin/
"What is Proof of Coin?" http://www.reddit.com/r/Karmashares/comments/23h8v3/what_is_proofofcoin/
April 19, 2014, 03:56:20 PM
Began to stake in? Good bed early. . .
no. the coin is still as it is. scrypt with POW. We are still working on the best decision of P.O.Swhat karmashare.com is introducing would be P.O.C (proof of coins)
Read the faq well. make sure you understand them : )
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