Thinking one step ahead is a good idea. But like a baby this coin first needs to learn to sit and crawl, before it can learn to stand up and walk. You say #1 as if that was a given. But how will you achieve that volume and price increase? It won't come just because we want it to.

Right now HMY is a very, very niche coin. It basically "lives" on a single exchange and has a very small audience. Even the multipool is barely used. We need to expand the audience first. Unless the devs or one of us has a breakthrough idea to go directly to consumers, target audience #1 is still the crypto-trader-sphere. Get their attention by delivering the features they crave. The feature has to make sense in the context of the coin. More on why I think Veri-/Harmonybit is not that feature below.

The devs already said they're working on anon, let them finish it (although I agree that in a month it will probably be too late to make much of a diference). Also finish that dual-wallet, that's a unique and original idea AFAIK. Maybe integrate TOR, from what I hear it shouldn't be too complicated. Also take care of that Bittrex wallet address, just to be safe. Get those things done and the traders will come. Then it is time for steps 2 and 3 and 4 and ...

BTW, haven't seen you in a while in the UNO thread. Make sure to check back in some time, LOTS of interesting stuff happened lately! New devs, new wallet, new website, new services, new stolen coins investigation drama, pretty much new everything.

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A few thoughts on altcoin adoption in general and Veribit in particular:
Veribit is sort of a band-aid to make up for lack of merchant adoption. It is a nice feature and makes a coin that has it more usefull, no doubt about it. But I am not convinced at all it makes a coin more valuable. It doesn't give anyone a reason to own the coin over Bitcoin. Why on earth sould I spend BTC to get HMY, just so that I can have it auto-exchanged back to BTC again if I want to buy something? Doesn't make much sense. There is a reason the VRC devs didn't introduce Veribit when VRC was trading at 700 satoshis, although they were certainly already working on it then.

The problem I see with a Veribit style service is, that it requires a certain coin value and trading volume to work and not harm a coin. In order to use Veribit your VRC is "converted" to BTC. The more the service is used, the more "sell pressure" will be created. That works for Vericoin at current value and trading volume. But HMY would collapse under just one medium-sized purchase with such a system right now.

You first got to build a stronger community and value around the coin, then such a service could be usefull.

I'm not actually particularly fond of it, but right now (a working) anon tech is still "valuable". That door is closing though, as more coins actually implement their whitepapers...

Did you forget a zero there?

I also vote for the anon feature to be tackled first. Íf you can manage not just to announce it, but actually get out a working version within a few weeks, that alone would push prices above IPO levels again.

Well this is weird. Is that a glitch, or is Cryptsy actively covering up something here? If we don't get some sort of plausible explanation I'm not going to trust that place again...

You're telling people to exit now? You want cheap coins, admit it!
j/k I actually agree. People who've been with us through the valley can now safely secure some ROI and enjoy the rest of the ride in a much more relaxed manner. This coin has so much going for it, now more than ever. Still feels like the show hasn't even started yet!

As for the new announcements, heavy stuff, I am impressed. The only gripe I have right now, would be choosing X11 - which will almost certainly be the next algo after Scrypt that gets ASICS. But it is immensely popular and more efficient than Scrypt, so I still like it. I freely admit that some of the economical and technical concepts you have come up with go a bit over my head. But then again I've barely had 10 minutes to read through it yet, so maybe I will comprehend it better when I can spend more time.

Good job team Karma!

OK awesome! I've been monitoring block times and guess what, we're now aproaching 3 minutes.

My previous check (the first 100 blocks after the switch to KGW) were still much faster. That was probably due to KGW still adjusting.
I just checked again and the last 200 blocks have an average block time of 2.9 minutes.

Good work Blazr2 and Bryce!

I trust Bittrex too. But it never hurts to be sure. It's probably been done several times, but I only know of Saturncoin off the top of my head. IIRC they implemented code that would block the wallet addresses related to their premine from working any longer. Maybe Harmonycoin should do the same. Better be safe than sorry, eh?

Also agree with pgb's other point. Nice and slow beats crazy hype. Looking forward to next month.

Its going to be interesting if KGW can finally achieve the an average of 3 minutes target block time. Right now it still seems to be racing along too fast. Average time of 1.7 minutes for the last 100 blocks...

When was the last time you experienced an instant price increase right after a halving? Karma has achieved massive growth in value over the past 2 months. It has gone from dead to most profitable scrypt coin before the reduction. Let us rest for a few more hours, then we can start gaining price again to make your coins worth the electricity they cost.

If you need instant LTC, I guess you'll have to mine elsewhere for a little while. If you can afford to hold your coins a while, stick with us. This good coin has achieved so much in so little time, and the journey has just started IMO...

I think nobody believes that all dumps and larger sells are due to these discovered circumstances. That would be naive.

As for what makes a dump, just using a $ value as reference is not going to cut it. More important are the BTC value and overall trading volume of the coin at that time, the timespan the sales occur in and the percentage of price movement it causes. Normal trading of a coin usually doesn't move the price very much in a short period of time (without outside influences like good/bad news or something like that).
Lets say ~100 UNO normally get traded in 24h and then someone sells several times that amount at once, taking price down significantly (like say >20%). That's an event I call a dump. It's certainly not "trading", as with some patience those coins could have been sold with considerably better BTC gains.
And dumps are certainly not only done by "bad guys". In fact I dumped a shitcoin just a few hours ago because price was going nowhere fast and I'm just impatient like that with coins I don't believe in.

To conclude:
* We now know that up to 5% of total UNO supply was stolen (either from or by CoinEx).
* And we now have pretty compelling evidence a big part of those coins has been sold already.
* UNO hit .005 again sometime in mid-March (~15th) and we have actually hovered around that price with swings up and down since then (such stability is almost an anomaly in crypto-world).
* The past few weeks have been the first prolongued move below that .005 "floor".
* Considering what we now know, that is remarkable!

I mean people are currently freaking out about the possible effect some 30k BTC from the FBI auction might have and that's only like 0.25% of the current supply. Imagine the effect it would have if an additional 650k BTC were to enter the liquid market. That's what happened to UNO, most other coins would have crumbled under the additional sell pressure.

Based on current BTC/LTC levels the price would equal a BTC worth of ~2.5 satoshi. Recent trends (several spikes above 200 litoshi) would put price more in the area of 3 sat, selling cheaper than that would mean a significant loss compared to selling on the LTC market.

Welcome! Like the others said: due to our recent findings and estimates (of how much CoinEx coins still remain to be dumped), almost all of us long-term supporters have moved our buy orders down significantly. We are patient and can wait.

If you can afford it just place a really low buy order. It might get filled. Or it might not. In one case you'll have bought some really cheap UNO (stash it away and don't look at it for a year), if not you have lost nothing. Just a suggestion...

I'll be damned, that wallet has a freaking huge volume. >412k BTC 

Maybe that is the wallet of one of the bigger BTC exchanges, that they're using to "cash out" into fiat? I'm really just taking a wild guess here. I am not nearly at good at this detective work as y'all. Very exciting stuff though!

Unfortunatelly yes. I am not entirely up to date either, but last i checked the website was still up and we already had the case of a new community member buying coins there and being unable to withdraw them.
Apparently you can still register and deposit coins, even trade. But you cannot withdraw your coins.

This is such a massive scam, I wonder why nobody seems to be able to do anything about it. Somebody has to keep the service and server running, who pays the bills? They need to be shut down.

That's sort of what I meant though. Since there will be a delay due to the devs wedding, it only makes sense to wait with actively promoting the coin until he is back and the features are nearing completion. Until then is a good time to focus on improving and maybe promoting the multipool. Keep up the good work.

That makes sense. This many transactions are almost only possible if it is an exchange wallet and they had an integrated mining pool, that explains the mined coins. So the thief (if there ever was one and it wasn't one of the CoinEx staff themselves) got that wallet and has now gradually sold off his stash.

Imagine how many other alts may be affected by smething similar? 


Considering that for much of the time UNO's value was actually lot higher than now, that is a truckload of BTC they turned this into. Great research detectives! Still no hard evidence, but there likely never will be and this is a highly probable scenario.

Thanks, glad you like it. UNO is more than just its technical specs, that's what I was trying to convey there.


About the market situation:
I don't agree there is no buy support. Its just that whenever any significant buy support has gathered and it looks like price is gonna have to rise, several hundreds of kgs get dumped at once. This has happened so often I have stopped counting. And every time it happened the buy support came back, but always a bit lower, because everyone hopes to catch one of those really low dumps, me included.

This is what is driving price down IMO. Is it intentional/manipulation? Is it the stolen CoinEx UNO (which I previsouly suggested were much more coins than anybody thought)? Hell if I know. I can't read order books and markets like that. Supply is so low though, that once demand starts growing price is going to go up crazy fast! It may take a year to get there, but I am still very optimistic about the long-term potential of Unobtanium.

Yeah, I think their confirmation progress doesn't show up right. For me it also seemed to be stuck at 0 and then suddenly the coins were there.

I think there is a misunderstanding on how these authenticators work. The word Google is the scary part here I guess.

But they do not rely on a centralized service hosted by Google or anybody else. It is simply a method to generate one-time passwords between between a client & server and relies on time information and a shared secret key. It is kind of an open standard by now and can be used/implemented by anyone.

The idea is not bad, especially the protection from keyloggers that it offers. But such a feature would have to be planned carefully, to prevent any easy errors that could result in locking people out of their wallets for good.

There seems to be very little promotion for Harmony so far. Is this intentional?
Edit: also, no website?