Could be interesting to watch how SAT fares in their PoS transition. I believe no coin has made that switch yet from a completely PoW to a PoS coin (they're also cutting their coin sully from 15M to 7.7M)? Certainly not a trivial thing to do. Even several PoW/PoS hybrid coins had serious issues in the last weeks and all they had to do was clone BC sourcecode (apparently some didn't and would up making stupid coding errors).
DMD is a PoW/PoS hybrid that got a huge boost out of the recently announced changes to their coin.
SAT profited from the PoS announcements alone (they were at 1-2 sat before first PoS rumors hit, taking them to a high of 15 sat and now hovering at around 5 sat with occasional dips/spikes).
ECC on the other hand didn't profit from the (always planned) switch at all so far, their market situation actually reminds me of the last weeks of the KARM/BTC market on Mintpal. HUGE sell walls that create a downward spiral for ECC value.
I am pretty certain that a move to PoS would move Karma's price up temporarily, maybe another short 3-4x increase followed by a decline back to 1.5x today's level. Long term I believe it will have absolutely zero effect. What kosmost and the team are creating for Karma is 100x more important for the future value of the coin. The major PoS benefit (long-term) might be network protection from incoming Scrypt ASICs. Then again an algo-change would have the same effect. No idea if that'd be any easier to implement though. I kinda understand why the team hesitates to come to a final decision.
In about 47 days or so our rewards will drop to 35,000 per block. In your opinion, do you think it's enough for scrypt ASICs to point to Karma? They do need as much profit as possible to pay for their new rigs, right? What are some other profitable coins they would prefer over Karma, do you think? As the price and value of Karma rises, so too will the value of even the reduced rewards. Guess it depends on the type of miners, some need to pay immediate capital and operational expenses, they will mine the pump du jour. Others, that have the same mindset of current BitCoin miners, will see the long term benefit of holding and stashing away their KARMs. |
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F*ck the launch. I can't wait for the Alpha release.
I prefer a woman You haven't lived until you have F'd a good launch. all that cold cut ham and salami and mustard ;-) |
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If we can hold on and prove all of the naysayers wrong and still manage to stay afloat with this many coins and with BitCoin at low low prices, we can do anything! We have some major initiatives coming over the next few weeks. Hold on tight!!!
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We are doing just fine, you are always welcome to come help though!  |
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Any news on block explorer?
Apologies for the inconvenience. I messaged the admin about this. Hopefully it should be back up soon. it's up now Good job. KARM relisted on whattomine.com  annnnddddddddddd were back on the top. I've seen this coin so may times on top on all crypto related things. Still shocked you can buy it so cheap. Hope more people get a chance to get a slice of this. also hope more people join the team and help build a stronger infrastructure imagine what will happen to the price of KARM when the mining rewards slow in the near future. what's a few more billion KARMs amongst friends! |
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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.
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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. |
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To reduce the impact of whales on the Karma market I'm looking to do off market buy/sell trades of at least 200 million Karma up to 1 billion Karma. To make the risk worthwhile I am looking to buy below current market prices and sell above them. Please PM me the price in LTC or BTC, the amount, the number of individual transfers you would like to do and a date range and time frame you would like the exchange to take place in.
I will not send Karma, LTC or BTC to anyone first. For your peace of mind (since this is my first post on this forum) I will break down the trade to a minimum amount of 20 million Karma per transfer. To clarify, that means you must do at least 10 transfers of 20 million Karma to meet the 200 million minimum. I will not trade with you again if you do not reach the 200 million minimum. I will increase the minimum to 50 million per transfer after people start to vouch for my credibility for transfers where they have done more than 50 million in a single transfer.
I will not use a broker no matter how reputable or good looking they are. If the public in general is sufficiently concerned with my lack of history I may consider forwarding funds to somebody with more reputation than I have so they can act guarantor up to a certain limit, at least in the short term.
I will act as a broker for 20 million Karma (for LTC or BTC transactions only). I will want all funds from both parties before transferring any to either party. If you want to split the transaction into more separate transfers then it is 10 million Karma per subsequent transfer. There are brokers that will do these trades for you at a far cheaper prices than I’m willing to.
Regards,
Chargin.
Please don't take this the wrong way, but, get the f out of here. Thanks. |
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Selling my NEM stake for 4.5 BTC. PM me if interested. Thanks
There is already an auction thread for a stake, last I checked, bidding was .5BTC. |
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KarmaWorldCup2014 POOL is coming soon! Stay tuned!!!!
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% that entire foraging discussion %
Let's take a step back and think about what the actual process is. People are collecting transactions and build blocks to extend the blockchain. This is to secure the network. Most people do it so they can collect the fees. Now what single word describes this aptly ? Imho there are 3 possible aspects to go for: - building of the blockchain: bookkeeping, accounting, reporting, block building, ledger keeping, recording, ...
- collecting fees: fee collecting, encash, levy, ...
- supporting/securing the network: validating, ...
I'm sure people can think of better words I just wanted to outline what should imho be kept in mind. Building would be an excellent choice. I would say erecting too, but, naaa |
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While our DEV's plans, innovations and maintenance are very important for the safety and security of Karma economy. ADOPTION will be ONE of the KEY that will raise our Karma's value. To ease this process, we have to teach laymen to get, use and appreciate Karma and the works behind it. To this end, I have initiated making simple videos that will SHOW exactly how to do the steps, necessary to adopt and be a KARMA user. If you have tried to teach a total NEWBIE the steps involved in what we do daily with regards to Karma, then you understand what I mean. They are immediately intimidated by the whole concept.By breaking down, each essential step into an EASY TO FOLLOW video, we will make Karma adoption of laymen very easy. It also takes the burden from our backs to devote our precious time from SPOON FEEDING our friends and loved ones and other people, to more productive endeavor such as market price manipulation  I mean marketing, IPOCO ventures and the likes. SO I am encouraging everyone to see every video that I will upload through our off. facebook page (CRITICIZE IT) for improvements and use them to teach others who knows so little about Karma and cryptocurrency. And if you can make something better. I hope you tell us and we will use them instead. I love you guys. don't forget to write home  Here is the link to the first one I just finished. https://www.facebook.com/photo.php?v=292391737591293&set=vb.281023602061440&type=2&theaterHere's the next one https://www.facebook.com/photo.php?v=292441740919626&set=vb.281023602061440&type=2&theaterI was meaning to create it as the third in the series but something came up and was made earlier ^_^ That's awesome man! |
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Do not leave all or large amount of your coins in exchanges. 1. Secure. (We have seen some cases) 2. Invest in karmashares. 3. Market moves more easily. Volume and price moving up on mintpal, looking good |
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A rough tipping report. donations Delaforetnoire: 150 000 ptman : 150 000 ezvm : 150 000 ptman agin : 250 000 crypto14 : 200 000 pugwilfy : 500 000 easteagle13 : 360 000 shawnleary : 500 000 <----did not come yet 4-28-2014 tot:2 260 000 #tips given so far 260 (minimum of 5 000 each) 1 rain tips minimum of 500-1000 and 1 rain tips minimum of 700-1000 tip fund balance : 2 050 000+- LESS 500 000 = 1 650 000 karmashares subscribers 106 facebook page members 233 Time covered 24hrs+- Spread of KARMA : PricelessPlease see our facebook page https://www.facebook.com/karmacoin.meHey, I think it was you who mentioned the 500,000 I gave you would go to the tips. Unless I was dreaming? YES! Boss kosmost indeed you are the first one who tipped me 500 000 tip ✓ /u/kosmost /u/easteagle13 2014-03-26 - K 500000.00 karm $ 2.58 usd /r/KarmacoinAnd they have been tipped forward long ago, before I started our Facebook Drive. Thanks again for being supportive. I have to say the last tip of shawnleary to easteagle13 in reddit did not come in so I have to deduct it from the above BALANCE. It's my pleasure kosmost to be of any help. Weird cause I have over 3M KARMs still in there. |
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Was about to say that. Almost looks and reads like the Apple TOS |
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you see RDD people who mining doge go to RDD and price go up why not KARMA ?? Continue to tap KRAM, all revel. . KRAM has maintained this price. I can and more mined few days  you keep saying KRAM... it's KARM man : ) Nothing wrong with wanting to KRAM som KARM from time to time |
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The reddit community link still goes to the old sub. |
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We are thinking about that for weeks now.
We may go PoS soon... more details to come.
Thank you for this concern.
Yes I know you are onto it, I have voiced my opinion in this argument a few times in the old thread. I was just bringing this up for discussion again, since most talk has been about Karmashares lately (rightfully so). I just think changing to PoS is a bit cheesy these days, every 2nd coin is going that way. Who would have thought that half a year ago? Maybe its just a short lived trend, maybe its PoS finally establishing itself as a true competitor to PoW? I don't know. TBH I just like the idea of miners securing the blockchain more than PoS. Miners have an IMO important role to play in crypto and completely taking them out of the picture puts a coin's fate purely into the hands of investor/speculators. That's why I brought up the algorithm change as a possible alternative... yep PoS = POS there is essentially very little difference between a 50+% premined coin, a centralized coin and a PoS coin. without giving new people real financial incentive to adopt the coin they simply wont bother, this is why nothing that came before Bitcoin ever had much traction. Just imagine if the largest stakeholder in a PoS coin got corrupted in some way (hacked, lost his keys, robbed, died, seized by government etc).. if that happens then its game over for the PoS coin because the coin supply is effectively monopolised from that point onward. I absolutely believe that the key to a successful crypto currency is to decentralize it as much as possible and that goes for the coin supply as much as it does for the transaction processors (nodes) themselves. I agree, we can still be very successful with 92B coins and keeping it this way should be the most desired action if possible. If we were back in a situation where we see 8 and 9 Litoshi we may feel differently. We lose a ton of respect and take on a huge technical hurdle by going PoS so the decision should not be taken lightly. I have suggested a hybrid model where existing wallets collect 1/3 residual coins and miners receive the final 2/3 and spread the timeline out longer. No decision has been made and we will continue to research every possible scenario that best moves our mission forward and benefits the entire community. |
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