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Crypti IRC channel? I have one started on freenode #crypti
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Congrats all that selected Germany in the KarmaWorldCup!
Germany 500,000
500,000
100,000
1,000,000
1,000,000
100,000
1,000,000
100,000
1,000,000
2,000,000
250,000
7,550,000
Total Pot for us = 34,000,000
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Why not keep it at 750 BTC available from the beginning? |
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hey I have a lot of Karma coin and still I have been following this thread, I have a few questions because the answers are not clear what to do next, and kidding increasing doubts
1 Do KARMA as the script goes on X11 This creates a new currency will only name KARMX ?
2 Will there be two parallel currencies KARM and KARMx ?
whether their main chain will be linked together ?
3 If I come to the denomination (eg 1000:1) KARM whether the exchange will take place in the portfolios of the machine and you will need to make a simple exchange will send you as creators of the indicated address and you would send a new currency KARMx? as it has happened with SAT = SAT2 or LIM = LIMx?
Please reply on the forum so that we all understand and be clear because I know that not only did I have such questions.
1. No, we are only changing the mining algo. 2. No. 3. This is most likely not happening so please disregard. More info to come. |
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This is perfectly stated by Kos, we are not limiting the value of Karma by shifting a decimal place once of twice or three times. It will just have an effect on how it's paired with bitcoin. |
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we have consulted with some great devs in the cryptoworld and they all agree Billion coins are not worth for investors.
the more people talk about changing this crypto coin the more I realise that some of the people behind karmashares really do not understand economics or crypto currencies. Alphi, I've always enjoyed and respected your posts, but I have to disagree with you on this. The market cap, the entire value of Karma as a crypto, will not change with a reverse split. The only thing that changes is its current exchange ratio of KARMA:BITCOIN. Currently, because of the massive number of outstanding Karma, we are stuck in the low single satoshi range. There is absolutely nothing wrong with this, in and of itself. The motivation of a reverse split is to make an individual Karma more valuable. Of course we can still divide KARMA to the 8th decimal place, that would not change. Me and Kos are well established businessmen. We do understand economics. We do also understand what a reverse split is. The value of a company is based on current and future revenues, capital equipment, cash on hand, employees, intellectual property, etc. When a company does a reverse split it only limits the number of shares that are outstanding. The value of the company does not change. A reverse split is often used to avoid being delisted from stock exchanges. Once a company is delisted they are forced into the OTC (Over the Counter) market. This delisting diminishes visibility and respect. The litoshi paring, a Doge paring, is the OTC market of the crypto world. Again, there is nothing wrong with it, other than visibility. For Karma to be better respected and appreciated in a broader market, I feel we need to decrease the total number of outstanding Karma. Again, this does NOTHING to lower the value Karma as a whole. The market has spoken and Karma is a continual top 30-40 market cap crypto, even touching the top 20 recently. This will not change if we reduce the number of outstanding Karma. We have all of our ducks in a row, we just do not want to turn away investment because of the single satoshi levels. Personally I am in favor of the 1:10. We would be in the 30 - 40 Satoshi range,. I think everyone still likes holding Millions in their wallet and with a 1:10 we wouldn't take this away. Now doing a 1:100 is also something I would consider if others did as well. We need to keep KARMA visible and a viable investment vehicle until our algo changes are made and projects get noticed. |
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Anyone knows what's up with karmaworldcup.org ? Are the bets still live ? When will the payments roll out to the winners ?
The domain seems to have expired....
The link on the OP goes here: http://www.coinsultans.com/KARMAWORLDCUP_.htmlYou just have to click it. Thanks. I posted a summary a few pages back of the final four teams. Here is a summary update for the remaining two teams: Germany 500,000 500,000 100,000 1,000,000 1,000,000 100,000 1,000,000 100,000 1,000,000 2,000,000 250,000 7,550,000 Argentina 2,000,000 2,000,000 100,000 500,000 100,000 250,000 100,000 5,050,000 Just divide your bet by the total placed on your team to find out the percent of the 34,200,000 you get. |
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lol, wait couple of months keep posting at btctalk migrate to next algo ... PROFIT anyway you guys do the GREAT work.  nice!  |
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My 10M Karm Brazil night fiasco  Was that you??? Man, yea that sucks, but the charity is happy, so thank-you!  |
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is the coin alive still?
nope, nothing to see here, move along  |
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Lookin good for the Krauts, and those that picked them in our KarmaWorldCup. One person has 2M of the total 5.5M placed on Germany to win. |
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Concerning KARMA's downward sell pressure due to mining. In three months we will have our largest percent and final decrease in rewards. 35,000 will drop by 72% to a meager 10,000. The reward level will then remain constant until all coins are finally released in February 2020. We just passed 59B KARMA and have yet another 9B to absorb over the next 3+ months. That's still a ton of coins, then we will be at a stable point for KARMA. Until then, we will continue to see that constant downward sell pressure which is built into PoW to maintain our network. Kosmost has a thread concerning this here on KarmaShares forum. We need to steer this focus on the price to productive action which will boost the price naturally. Please join us on KarmaShares forums. |
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A reverse split would be a good idea if we were faced with being back on the Litoshi only market. We would simply move the decimal place over one digit. The value and scarcity would place the market value versus BTC x10 so we would go from 3 satoshi to 30 satoshi per KARM. Everyone's wallets would go down 90% of course, but it would all even out in the end. Instead of 55M KARM there would be 5.5M KARM. Instead of the eventual 92B KARM it would be 9.2B KARM. A reverse split is something used all the time by stocks that are in danger of being delisted. http://www.investopedia.com/terms/r/reversesplit.asp |
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18 BTC of KARM dumped at 4 satoshi, how is that possible? What is the current mining speed? I thought with such buy wall KARM will fly. Now I am afraid we are going temporarilly down to 3 satoshi:(
Someone very short sighted of what is to come! |
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A thing of beauty, and just the start. When we hit 100 Satoshi later this year, we won't even be able to see this part of the chart, it will all look like a flat line from way up there! |
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Hi! We are the Hitbtc team. Hitbtc is the most advanced exchange. Now everyone can vote for their favorite currency to be added to Hitbtc. You can start voting here: https://hitbtc.com/voteAmong the latest currencies taking part in our vote is Karmacoin. So we invite all of you to take part in voting to add KARM to Hitbtc. Votes from registered users will be multiplied x10! If this isn't an invitation I don't know what is. This hasn't only been posted here so lets get cracking. I encourage everyone to sign up to the site, vote and then vote every day. Approximately every 24 hours I'll post an update here on our progress and remind people to vote. We don't need the most votes, we just need to show our potential. Day 1:Rank 1: Nxt 17620 (24 hr gain +70) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 2: GlobalBoost 12822 (24 hr gain +5) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 3: BlackCoin 10003 (24 hr gain +87) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 4: NFD Coin 9454 (24 hr gain +73) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 5: Latium 5630 (24 hr gain +351) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 6: Mintcoin 2714 (24 hr gain +293) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 7: Vertcoin 1317 (24 hr gain +18) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 8: Monero 1117 (24 hr gain +48) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 9: NEMcoin 956 (24 hr gain +12) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 10: Nascoin 515 (24 hr gain +0) (last 7 days gain +TBA) (gain since day 0 +TBA)) Rank 11: biebercoin 488 (24 hr gain +5) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 12: Darkcoin 484 (24 hr gain +1) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 13: VirtaCoin 483 (24 hr gain +483) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 14: Primecoin 475 (24 hr gain +3) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 15: Fantomcoin 443 (24 hr gain +443) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 16: Web 2.0 Coin 391 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 17: 365Coin 363 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 18: Bytecoin 329 (24 hr gain +329) (last 7 days gain +TBA) (gain since day 0 +TBA))Rank 19: NeXT Horizon 323 (24 hr gain +1) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 20: Execoin 321 (24 hr gain +2) (last 7 days gain +TBA) (gain since day 0 +TBA))
Rank 21: KarmaCoin 311 (24 hr gain +32) (last 7 days gain +TBA) (gain since day 0 +TBA))[/b] Do you really think any of them are better than Karma? Sign up to ( https://hitbtc.com/vote) then vote. It just just an email address, password and confirmation link in your email. Make sure you sign in so your vote is worth 10 times as much. To get 1000 points it only takes 100 people voting for 10 points. Lets get started. Day 1 results summary:Karma moved up 8 places from rank 27 to rank 19 in just one day Karma had the fourth highest votes in 24 hours At least 7 people didn't sign in to vote! Oops we would be in front of Execoin if you remembered to sign in. Day 2 results summary:Karma moved back down 3 places to rank 21 due to the entrance of several new coins Please ignore the TBA for now, I'll make a formula so it is more automated, I will fill the above in after that is complete, which may be when I post the next one. It would appear as if you can only vote once while logged in, which I realised yesterday but wanted confirmation on. You can vote as a guest as many times as you want every 24 hours.Keep it up, please vote again as a new user or a guest today. Chargin. Voted, thx for sharing |
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Wow.  Is The Force talking to you? How is this possible? So many great ideas managed in the most professional manner. I have pretty long corporate expirience, but never saw something like this. You continue to amaze us every day. I never saw someone so productive. We are fairly certain that Kosmost has a positronic neural matrix and is most likely an android. |
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KarmaWorldCup Update!What's your cut going to be of the 34,302,348 KARMs? Belgium, Costa, and Columbia fans are rooting BIG TIME now! France as well My apologies for the formatting, but you get an idea of what amount of the prize by comparing to the others. Argentina 2,000,000 2,000,000 100,000 500,000 100,000 250,000 100,000 Belgium 250,000 100,000 Brasil 250,000 1,000,000 1,000,000 100,000 1,000,000 100,000 500,000 100,000 100,000 99,999 1,000,000 10,000,000 100,000 200,000 250,000 Columbia 250,000 100,000 Costa Rica 100,000 250,000 France 250,000 100,000 100,000 Germany 500,000 500,000 100,000 1,000,000 1,000,000 100,000 1,000,000 100,000 1,000,000 2,000,000 250,000 Netherlands 100,000 100,000 100,000 100,000 100,000 100,000
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Good job guys
On behalf of the hardest working leadership team in the crypto world, thank-you |
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My congratulations to the team on this threshold you recently crossed. Hell of a ride so far.....looking forward to much more. Don't know what if anything a 63 year old self taught sys admin could do. But I'm willin' ....can't translate unless it's into deep south US. Get ready for the X11! |
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