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101  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 09, 2014, 04:43:41 AM
I think you are overreacting. First, who have the technical ownership of the coin? Who can make changes to the core? And second. I didn't saw clear statement from kosmost that he is abandoning Karma. I saw only statement for closing llc. If this is the case, why is all that drama? And why there are 188 litecoins at 1 litoshi level? Think people. Don't let yourselves to be fooled two easy. And BTW, kosmost didn't scam anyone.
102  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 05, 2014, 04:54:01 PM


To those who are selling their coins below the fair market price on the exchanges atm...I suggest you think it over.

The team is preparing something revolutionary, you may be pleasantly surprised.


-east




It is good to hear. I`ve already sold my shares wallets, as I`ve already mansion. Without a PoC model I don`t see any good reason for me to keep coins without seeing positive trend on exchange. Of course I am doing it with keeping in mind that hurting the price will also hurt my investment, so I am doing it slowly. When I am on the half way I will stop to wait until it is revealed what is behind the door. I hope it is good.  Smiley

p4r4m0un7,
there are no plans to get rid of the poc model. We are currently discussing to increase the holding time and amount. Lill will be realized. But ok, good luck for you.

Good, good. But don`t sell lill on this ridiculous price of 2-3 million or so. I will sneak here from time to time to see what is happening. Good luck guys.
103  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 05, 2014, 12:36:24 PM


To those who are selling their coins below the fair market price on the exchanges atm...I suggest you think it over.

The team is preparing something revolutionary, you may be pleasantly surprised.


-east




It is good to hear. I`ve already sold my shares wallets, as I`ve already mansion. Without a PoC model I don`t see any good reason for me to keep coins without seeing positive trend on exchange. Of course I am doing it with keeping in mind that hurting the price will also hurt my investment, so I am doing it slowly. When I am on the half way I will stop to wait until it is revealed what is behind the door. I hope it is good.  Smiley
104  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 11:49:20 PM
Both links are not working. Grin

I will share again my thoughts about development of a coin:
1. Create a coin - some value. If it is a new algo - bigger value. If it is a new less power consuming algo - the better. (Karma have good X11 algo which is no innovation, but less power consuming)
2. Create awareness - not very difficult, but time consuming and valuable. (I think Karma is totally failing here. If we all make posts in twitter, Facebook, G+ and forums every day, the value will definitely raise. And this is value, not only the price. If more people are aware of Karma, the bigger will be the chance for somebody talented to come and do something valuable. So think about this like talent hunting program. Community work in Karma ecosystem is a clear failure)
3. Make technical innovation - very valuable and the effect on the price comes quickly, but not steady. (I don`t recall such think in Karma ecosystem. Maybe someday the sidechain will fulfill this gap, but I see this to far ahead)
4. Do real integration with other services, sites, merchants, etc. - very difficult, time consuming and not exactly returning steady value and effect on awareness and price. (I am not sure if Karma has such integration)
5. Build real projects - very difficult and time consuming (Several coins has this and the value is big. Karma still have one big project with good potential and someday maybe it will bring value)
6. Make coin to be taken as equal and even better than fiat. (No one did it. Karma is struggling to achieve this and maybe it will happen in several years).

I am sharing my thoughts on this, because now I have an offer to sell my Karmashare wallets. It is good for me and I find them useless to me at this point, cause I don`t see how I will benefit from them anytime soon. But in order to make a proper decision, I would like somebody from team to share his thoughts on the next moves. Some kind of check list. I know it is the API and Android wallet, but then what? What bought me for Karma was the vision of kosmost about development of successful projects for Karmashares and the PoC model. The PoC model is not available anymore. Projects are down except lill and I am not sure where it will go from now on. So all the things I have believed in are gone. I definitely don`t believe that going to Philippines or Malaysia or whatsoever eastern country should be paid attention at all before making strong first 5 and return clear results. I don`t share your vision about that. Also, don`t be angry at me, but it seems to me that you are not the persons you were before, which is normal. Everybody changes into the face of failure and new challenges. And no one wants to start from scratch again and again. Or should I say I don`t want to. But again these are just my thoughts. I don`t want to wait for I don`t know how many years to justify my investment in coins, shares, ideas and time. So, if you have time, please write down something about your future plans. It will be valuable to me, cause I have to tell nearly 30 miners and small investors that I will not follow their interest in Karma anymore. They are grown people and will cope with it. Thank you.
105  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 09:24:04 PM
After all this pointless drama and anger, I am happy to see many new Karmanions getting active here in some way. I am officially suggesting that our first target for the next month is to not sell lill again!
106  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 12:12:09 PM
Well kosmost i feel likenyou are not helping either atm. It feels like people want to start doing stuff, but you just go further with other people and they give up, like me.

Ofcourse, you are helping, but this is how i feel after posting 30 comments that and i want to help and asking how far the development of karmX is and what is already planned or which ideas are there to bring KarmX to the philipenes. So if someone actually starts answering me and starts to answer my offer to help, i iwill do whatever non-programming stuff has to be done.

So, shoot.

I think he's just p****d about what happened and the following backlash he got.
I can see his point about people not committing to karma other than buying.
I've bought my first karma in late May/early June and I can relate to what he's saying. It's true that there's not been too much help around the coin with the exception of a few members.
I'm also guilty of this, although I've offered to do some work on the android front but since there's no API ready and my skills are limited, nothing has moved on that front. Hope now with the help of Fitamp we can move forward.
So I think we must reorganize and try to do things in another way. Don't rely too much on the community help for now but try and pay some people that can do our basic infrastructure. Then, with enough exposure, we'll get newcomers that will see the benefits of helping karma grow and use their skills to good use. Right now it's hard for people to see the big picture, kosmost says he's not too interested on the price, but the price is a good indicator and a powerful mindset helper that should not be discounted.
I wish I had better skills so I could help karma grow. Right now I can give my opinion and try to help where I can, I'm in the red and I've not lost faith in Karma.

Sorry, upset at.....? What is it that happened? This is not really clear to me. Yes, I can see that some people are expressing certain views. But are these views about an event that "happened" or the current state of affairs? I have too much experience to get my panties in a bunch every time the price goes up or down. It's not just a poker face, it's just that I have a different idea of value.

For example, it would take the equivalent of $200 to change the mood of this forum completely by buying up to 92 litoshis. For the cost of lunch I could change the mood of quite a few people here. (It's ridiculous, isn't it?) I've seen quite a few people get excited (and become more involved) recently when the price goes up a mere 10%. To me, it's ridiculous that quite a few people base their moods and feelings (and responses) on what equates to about $5.

Just different ideas of value, I suppose. My vision is more longer-term, not daytrader-like. I'm guessing that 90% of us watch the market at least 1x a day. I could be mistaken, but it seems like it.

Psychologically, the KARMA/LTC market (and, to a lesser extend the KARMA/BTC market) has become our "target". This is completely backwards but there's not much that I can do about it other than continue to talk about, and illustrate, value over price.

Our target is not the bitcointalk forum or the cryptocurrency community. That is a huge mistake that we have been making from Day 1. But we continue to act and respond as though it was. Our target should be the people who need Karma the most.

But our market now (cryptocurrency) is comprised mostly of people who don't really know what value is, unfortunately. Karma is like any other start-up, and that's what a lot of people don't seem to realize. We have customers, a community, and a team. And there is little distinction between any of it.

Our market should be completely different if we are to succeed. Our focus needs to shift to where people need it most, not to where people are entertained most. This is not a game, nor should we treat it like one.

With what I charge for my time I could buy 2 cars a day. I'm not saying that to boast, but to illustrate a point. I am working for the 20 year-old who put his savings into Karma and wants to see it grow. I spent hours making Karmashares certificates myself in order that Karma may grow into something great (and make sure it's done properly, of course). Database, website, graphics, text, tweets, tweaks, and just about everything else.. all from the heart. Isn't that what Karma is all about? Yes, I care that much about Karma. It's just disappointing that there are very few who are dedicated enough to "just do it" and stop talking about doing something (or telling others what needs to be done).

When I read some of the posts here all I can do is shake my head. How is it possible that the majority here don't know the value of Karma? Or the value of 1 Karma? I cherish each and every Karma. That's why I haven't spent any of your Karma yet and am very careful with how it will be spent. Because I know many of you worked hard for it. I am very careful with other people's money, even if I am not overly concerned with how I spend my own.

Some of us should do as much as we can to turn that 1 Karma into something special. It's what I am here for. Although I do not watch the markets daily, perhaps there aren't many here who are concerned with the actual value of Karma in this way.

Adding value today = adding price tomorrow. There is a correlation, of course.

I can't say that I am upset at people saying that we need to do something, yet not getting started and just doing it. It's just frustrating, not upsetting. Actually, it's been this way since the beginning (which is why I stepped up to the plate) and we have never really had an active team that was actually getting stuff done.

There is not much difference in this category from April 4, the first day I began working on Karma. We still have the same level of involvement and I continue to press others to be more active (team and community).

If 90% of us are overly concerned with price I can see to it that I am not. Besides, I tend to think more about value. My experience in having created more than 1 very successful company is not to focus on price more than adding value.

However, there aren't many examples of getting a group of volunteers together to work on something. Even the members of the A-Team got compensated for their efforts. In times of crises, sure. But perhaps not for cryptocurrency.

We can almost guarantee that if we created good-sized bounties for simple tasks that they will not be completed 100%. Anyone here is welcome to try it again.

By the way.. how would you like to re-organize?

Thanks for your suggestions Smiley




Kos, all the respect for you tremendous work and workload. However, I think that the Karmateam is also trying their best and not everybody can achieve so much in such little time like you. E.g it took me a week to get life updates on the Karmafund.me site. I tried to motivate people to give some Karma for a good cause. I know that this is not the core of our business but somebody needs to do this. I am also disapointed that the whales are not donating much but I keep on.... Please respect our contribution. We need some help as we are also a bit exhausted like who rightfully stated. Bierworst, sorry that we did not respond immediatly. You are fresh so please keep on self-organizing and get others on board.

Having said that, I will keep on as long as Karma lives.

It is not only kosmost who is appreciating your work. Though, I did participated just once with 400K Karma, I am also appreciating all that you do. I am sure that I am not the only one. I do not agree that what you do is not the core of the Karma business. Doing good is good. Remember? And as far as I can say, until now, the results of your hard work and dedication are very clear and helping and the most valuable for Doing good is good. Karma is not a charity coin, but a ecosystem for building good economy. Remember? And helping directly to people in need is integral part of this ecosystem. And fyi and other team members I would say that at all the time, no matter of trolling, we are very clear about these:
1. The only job for any coin developer is to create and supply the coin. After that the dev should secure the network. All should remember how many networks were compromised. That is all. All other things are happening because you are willing to.
2. Your time, personal and professional, is of the same importance to you, as ours. If you spend it to build Karma, it is because you are willing to do it, not because you have to.
3. No one is into position to demand or expect anything. No matter who he/she think he/she is and no matter what kind of experience he/she have. If you are willing to do anything, it is because you are capable to do it and because you want to do it. Not because some troll is demanding. So simple.
4. Every successful or unsuccessful move you do is highly appreciated. If it is successful we are all going to benefit. If it is not, we all have to learn valuable lessons. So both ways we gain. Only cowards doesn`t do anything at all, because they are afraid of failure.
5. Every great achievement in history is accomplishеd despite every great idiot in history.

So, don`t be subdued. We know very well.
107  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143 on: September 04, 2014, 11:47:37 AM
Kosmost and others what i suggest:

I want to lift of the weight of the people working nearly the entire day for karma or developing things, in the meaning that i take care of the updates and the progress. I want to be the person who people send updates to and i send them out organised to the comunity. Like the android app, because this is fundamental if we want to achieve our goal of bringing karma to other countries.

Second, can there be a new thread, were there is only being brainstormed about BRINGING KARMA TO OTHER COUNTRIES LIKE THE UNBANKED PEOPLE IN THE PHILIPPINES once we agree  on certain aspects evolve and i will write a plan of what the community wants to achieve and what is needed to Achieve this project. I am talking about fundamental things that have to be done. If this is clear we can start a new way of setting people on tasks, i will help with that but before discussing this we got to have our plan ready.

So kosmost and others, or you for or against this? Because we need to be organized to achieve great goals. Control is a key aspect in achieving anything.

This is the most visited place for crypto, but the best place to do a real work is Karmashares forum - http://karmashares.com/forums/. I think that the best place for a new thread is there. Also 40 days ago a new thread was started only with a purpose to separate valuable ideas from the days pressing matters, cause it is really hard to read all the chattering here only to find one good post with real value. The thread is here - http://karmashares.com/forums/index.php/topic,516.0.html Everybody is free to add valuable ideas by following the model.

I want a new thread pure brainstorming about bringing karma to other countries, because this is what we need to focus on imo. I think with project karma can separate itself from the rest

Yes, of course. Create a new thread into the Karmashare forum. As far as I know it is free. Maybe the only thing you should consider is where to put it. If you lack participation, you can always post here, reddit, etc.
108  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143 on: September 04, 2014, 11:11:16 AM
Kosmost and others what i suggest:

I want to lift of the weight of the people working nearly the entire day for karma or developing things, in the meaning that i take care of the updates and the progress. I want to be the person who people send updates to and i send them out organised to the comunity. Like the android app, because this is fundamental if we want to achieve our goal of bringing karma to other countries.

Second, can there be a new thread, were there is only being brainstormed about BRINGING KARMA TO OTHER COUNTRIES LIKE THE UNBANKED PEOPLE IN THE PHILIPPINES once we agree  on certain aspects evolve and i will write a plan of what the community wants to achieve and what is needed to Achieve this project. I am talking about fundamental things that have to be done. If this is clear we can start a new way of setting people on tasks, i will help with that but before discussing this we got to have our plan ready.

So kosmost and others, or you for or against this? Because we need to be organized to achieve great goals. Control is a key aspect in achieving anything.

This is the most visited place for crypto, but the best place to do a real work is Karmashares forum - http://karmashares.com/forums/. I think that the best place for a new thread is there. Also 40 days ago a new thread was started only with a purpose to separate valuable ideas from the days pressing matters, cause it is really hard to read all the chattering here only to find one good post with real value. The thread is here - http://karmashares.com/forums/index.php/topic,516.0.html Everybody is free to add valuable ideas by following the model.
109  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 07:32:04 AM
kosmost is hendo known for many other scams
just my 2 karmas

Your 2 Karma have obviously been orphaned.
Why are you paying attention to him and other trolls? Their way is just funny. It is not even frustrating. Circus monkeys are to make us laugh. I don't think anybody should take them seriously. If you cycle through 15-20 coins threads, you will find that "to da mun", whining and scam prattling are 70-80% of the posts. And other coins also have 10-20% participation. So I think Karma is way ahead of all other coins on this matter. Smiley
110  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 07:13:23 AM
Downtrend after this big insider, how can you be surprised.
I also hold a big bag but that should not make me blind.
What should we waiting for till 1.sept. Don`t worry kosmost makes you rich with his super karma-----after next announcement, for sure

Again again in crypto.
Be honest, whats the difference between karma few months ago and now?
PND they made some progress in the right direction.



No one is paying attention on your stupidity. Little chikenshit games are all you can think of and we are not interested. Of course you can always continue to be a not helpng troll. I am sure we need 2-3 trolls here, so they can make us laugh from time to time.
111  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 02:28:58 AM
wow 70ltc worth dumped under a min...wonder who that is



How come this is a surprise? Two much negative vibes here, clear downtrend for 3 days, and no clear statement what are the next steps.
112  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 04, 2014, 02:24:41 AM
Anyone working on any android projects?

I am a senior member in the xda developers forums. (Was previously developing ROMs in the past)
You can checkout my profile here: http://forum.xda-developers.com/member.php?u=4554955

Need some help? Send me a PM  Grin

Can you develop nice Android wallet for us? And are you willing to do it for 10 million Karma?

this is the perfect time for those who owns billions of karma to step in and collect a bounty. I bet just like before it will go into def ears



This bounty will come only from me. We don`t need anybody else. As we have talk about this already, maybe 10 to 20% of all coin holders and share holders are reading and writing here. So don`t expect substantial help from all Karma holders. It doesn`t matter how many times we are calling them to help, because they are just not here and will never come. And maybe 50-60% of Karma holders doesn`t even know how many types of coins they have and what is the exact amount of coins they are holding. Because they are holding 10 to sometimes more than 100 coins. And this is the reason why they will not even remember of Karma, if no substantial gain of the price is achieved. They don`t think about the value at all. Maybe they don`t even know what is value. This is the reality in crypto. Again, look at the shareholders. They are around 270. How many of them are active here? And I am not talking about helping, just be active. 10-20? Aren`t they the true believers? Maybe all of them invested in many coins and are expecting if one of the coins is to be successful, to return the bad investments for all other coins. I am not speaking for everybody, but almost all of the people I know are following just the exchanges and if they see that some coin is in the green zone, they are starting to look if they have this coin. Ir is ridiculous behavior, but it is true. I am sure that everyone here, involved in crypto for at least a year will confirm.
113  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 11:49:51 PM
Anyone working on any android projects?

I am a senior member in the xda developers forums. (Was previously developing ROMs in the past)
You can checkout my profile here: http://forum.xda-developers.com/member.php?u=4554955

Need some help? Send me a PM  Grin

Can you develop nice Android wallet for us? And are you willing to do it for 10 million Karma?
114  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 11:35:28 PM
I am also proposing a penalty model to be discussed and voted. You all know that I have big mouth and sometimes I don't think before I speak and because of this maybe I have insulted someone. This is why I find myself a proper guy to propose a penalty model Grin. You all know that we have Code of conduct and everyone should stick to it, no matter who he is or think he is. Me, personally, I often dream that I am Yoda or at least Luke. But when I wake up, it seems that I can not move objects with a look at it. So, I suggest that if somebody insult Karma team member, a vote to be made in our forum. If the vote decides, this guy should be removed from profit sharing list for let's say 3 months. The vote can decide penalty only with at least 10 votes and 3/4 of the votes. This will mean that there are enough karmashare members that think somebody's behavior is not the Karma way.
Let's brainstorm on this. Shall we?

I find it unacceptable for someone to offend Karma team members. This story from past 2 days must never happen again. Most of the time these guys don`t even have personal time because of our interest. If we are not able to help them for any reason, it is imperative not to disrespect them at least.

I for one was all about let them say what they want and i will slowly and calmly show them that they are wrong. But recently i can't seem to find a way to start to explain a basic accusation of some one saying "scam!"  When a person doesn't provide proof or a theory why he feels this is scam then i can not provide argument base to that conversation.

If some one makes personal insults , well that will show their level of communicating.

Life is not black and white so i dont think we should control this. I would hope the community would unite together and point out the facts why this person is behaving irrational.

To me Code of Conduct was not created to  punish some one on their first account but to give us some basic and common agreement how to deal with some one who is constantly abusing them.

people have heated discussions.They loose the moment and say insulting words. Our job as a community is to let them know that they are crossing the line. We are not a nany state. if they want to go at it with name caling them they should be urged to take it private by PMs or what ever.

I would urge the community to get involved and calm everyone. Dont wait for some one like Kosmost to come and deal with it. Kosmost time is precious and it should not be spend typing paragraphs or paragraphs why some one should stop behaving.


As far as FUD. FUD is not tolerance. anything FUD should be removed completely.

things like " karma is dead!"  is considered FUD and should be removed immediately. it is baseless and fact less accusation. its negative and could hurt investors. On the other hand things like "Karma is going to the moon!" will be allowed not because it profits us but it a harmless sentimentalization. No investor is going to panic sell to that. Topic like " karma is going to blow in two days!!" is considered FUDish. unless you word it as a form of an opinion or questions specific actions about something. example  " is karma going to blow in two day?"  would be okay.

Unlike personal attacks. a FUD topic could hurt tons of people and it needs to be removed.


that is my opinion in regard the karma share forum. regarding the forum here we can not control this. we can only unite and a communirt and bury the FUD comments down.

OK, if you don't agree on penalty system, how about all of the discussions on important matters that needs LLC members attention to be made only in Karmashares forum? And only final results to be shared. I know that you all are too generous about your thinking and doings and you want everything to be in public. Free speech is the best way to communicate, but that doesn`t mean that everyone can call somebody names and throw empty accusations with no meaning at all. But there will be always someone who will ignite and burn on sensitive matters, so some kind of barrier should be made. No one should insult Karma team member.
115  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 11:24:34 PM
This is to continue the discussion about the PoC model. If I missed similar idea, please excuse me. I think that PoC model should be improved in some way. If it is possible, it should be kept, but changed. I suggest to raise the holding period to 6 months and 75 million coins (yes, raise). And also to assure that no exchange will take advantage of other people coins, I suggest that investment of 5 million KARMA should be send to dedicated address at least 3 months before any deal is announced or closed - we can discuss this term. This address could be same as KARMASHARES address - open for everyone to look at it. This way anyone can see which address is eligible for any profit. First see it at this special list and then look at the block explorer to see when the transaction was made. You know that I am strong supporter of the small investors and miners, but I have learned some lessons from the recent events. This 5 million coins can never be withdrawn and also can be used for Karma funding.

If such decision is taken, I am willing to update such list. Not holding the coins of course, just updating the list.

All that will read my proposal. Please focus on how to improve PoC model, not on should it be removed or not. The discussion is not focused on kill or keep PoC.
OK. i'll bite. i am replying because i would like to share my thoughts with you.I want everyone to know that i stand behind the team and unless we hire some licensed SEC lawyer then i would not push for any POC solution . At this moment i personally consider POC terminated and on hold until it is legally cleared to offered.

Now to you reply:
please break it down a bit clearly not sure i understand it whole.

from what i do understand , here are my thoughts.

i can't agree with 75 millions. its too much. our aim is to reach minimum 500 sat price. at 10 satoshis this would be 7.5 btc worth to invest. its too much. but the public can vote on that. so we can have a general public consensus

i would like a period of 3 months or more. I also remember reading some one suggesting linear growth payments. Instead of getting the share point all at once. let say those 75 mills. some one hold them in POC then they would get %10 of the shares a week. So first day 75,000,000 x (1/1000)(x %10) , next week 75,000,000 x (1/1000)(x %20) and so one. POC was not created so anyone outside the LLC could benefit equally. it was created so we do not let non LLC members out of the loop. It was a way to provide them one more option then just trading the coins for BTC or LTC. We gave them an option to also be able to hold them for some gains. because by holding them you are helping the LLC buy not selling your coins killing the price. by not aiding in killing the momentum as reward you will receive some profit gains. In no way was there a plan to make POC holder to get equal rights to the LLC.

the LLC was created to be exclusive to who believed in the team and wanted karma to succeed. i think people should thank Kosmost for making the POC x1 rate. i think that is generous of him. : )


Thank you for sharing this. I will continue to think about the model. As far as you have said that is terminated, we all accept it cause it was already voted. If there is a legal solution and will, maybe, just maybe it will be reopened. We understand this.
116  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 09:14:10 PM
Guys, guys, this is to the past. No one believes it. Forget it. Let`s think of something wise with no speculations. Actually bitwho, I am really curious to find out what Karma team members think about my proposals for penalty mechanism and updated PoC model. Be acerbic about them please.  Grin Grin

https://bitcointalk.org/index.php?topic=579973.msg8650222#msg8650222

https://bitcointalk.org/index.php?topic=579973.msg8650705#msg8650705
117  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 08:30:09 PM
Quote
1100 sell and buying back on 1000 is a 10% gain.
Nevertheless, i agree that karma is not sat2.
Following the words you said, when doing a reverse split you become dependent on organic growth, and isnt this EXACTLY what we want with Karma? At the moment we are still being abused by people wanting to make a quick profit and we are vulnerable for a quick dump. Not to mention our dependency on ltc, because anyone wanting to buy a large amount of karm would need to buy a large amount of ltc and most people hate to take that extra step. A reverse split could solve this because our price would be about 1000 satoshi, our marketcap would have to be 300$ before we reach the 1 satoshi limit, by that time im already crying in a corner so that js not going to happen.

Doing the reverse split would be a pain in the ass ofcourse, because i believe its lots of work. but all of our projects and good news stops being visible after about a week, because we are getting abused by quick profiters again. So karma has everything good, and does what a good coin needs to do, except that it feels like the projects are useless to build price because our market is manipulated. I personally believe that if this manipulation would be less, karma can grow much more.

Now i am not a programmer or anything so if you people say, a reverse split can not be done, i accept this, but if you say, it can be done, well, do it.
Nevertheless the community would have to vote again, but i think after the past week everyone can see how a dump effects the coin extemely.

remember thought. we were getting more then half of people voting and commenting on us not to do it at that time.

also the reserve split being brought up is my personal opinion. not the teams. Just want to clarify that. dont want to bring any misleading statements.

just trying to say we there might be options to softer the cushion so next time some one dumps billions of coins they would had to think twice and the price would not dip us back to litoshi levels.

in no way or how is the split would equate to 1000 more volume. we could have the split and still have the same $2 mill cap volume
what brings in actual volume would be big project like bringing karma to philiphines and IPOCS like lill.com

Split reverse will only help us to stay above high satoshis or in simple word secure our spot long enough until we start accomplish the real life goals.

edit: split reverse would not stop people from taking advantage of our news like they do now. they can still abuse us , but they would have to use more money (minimizing any small timers ) and if they sell they would still not hurt us bad enough to fear loss of btc market.

Securing again BTC market was huge step. I am not sure now that Karma will not be delisted for second time. When denominating discussion was raised I was surprised why people didn`t thought about that. Why are all thinking about now, instead of tomorrow and without remembering what was yesterday? I am still strong denomination supporter, but I think we lost momentum with X11 transition. Also I am not sure what will happen if the change is not made on pure technical level without prompting for coin holders action. Actually I am quite sure that a mess will be made. Don`t forget that the majority of coin holders doesn`t even know what and how many coins they hold.
About current plans - from my experience with many coins I can draw a simple model which action what kind of gain have and how quick the effect appeared. It is actually valid for all those who have long time experience with bitcoin. Doesn`t need to follow 80-100 coins.
1. Create a coin - some value. If it is a new algo - bigger value. If it is a new less power consuming algo - the better. (Karma have good X11 algo which is no innovation, but less power consuming)
2. Create awareness - not very difficult, but time consuming and valuable. (I think we are totally failing here. If we all make posts in twitter, Facebook, G+ and forums every day, the value will definitely raise. And this is value, not the price. If more people are aware of Karma, the bigger will be the chance for somebody talented to come and do something valuable. So think about this like talent hunting program)
3. Make technical innovation - very valuable and the effect on the price comes quickly, but not steady. (I don`t recall such think in Karma ecosystem)
4. Do real integration with other services, sites, merchants, etc. - very difficult, time consuming and not exactly returning steady value and effect on awareness and price. (I am not sure if Karma has such integration)
5. Build real projects - very difficult and time consuming (Several coins has this and the value is big. Karma still have one big project with good potential and someday I am sure it will bring value)
6. Make coin to be taken as equal and even better than fiat. (No one did it. Karma is struggling to achieve this and maybe it will happen in several years).

So, everything is ahead of us and it will be exciting to see what will happen.
118  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 08:02:06 PM
Bitwho, you have no idea how glad i am somebody is talking to me...
I want to help Karma next to my study, i have the intelligence but i have zero programming skills and about 10% computer knowledge.
I bought Karma back in april or so? And i saw it go from 20 to 600 litoshi and back to 10 in a dump, and to me, it means something that i still believe in Karma.
So is there any wish for me in any way...  

My personal opinion is that Karma spiked to 600 because of Mintpal inside trading before opening BTC market and no one can make me believe other way around. I saw this 10`s of times. Previous owners did it all the time. Before they launch a new coin, buying orders are already up. And I mean at 6-7 levels. So these was their job IMO. The natural healthy price for Karma was 250-260 litoshi.

And shall i tell you about that big dump? I believe it was the company Kosmost negotiated with, they knew about Karma and they bought Karma, when they noticed kosmost was not going to sign the deal, they dumped everything, they thought they could get kosmost, lill and a big piece of their investment back by buying karmacoin and selling it on the news. Im crazy eh?

No offense, but It is ridiculous to think that somebody with 10 of millions will play chicken shit with Karma for several thousand dollars. This is absurd. Serious people with serious money are thinking and playing big. BTW, this is one of the reasons that Karma is happy to have kosmost. He is thinking and playing big. This is talent. We can not learn how to do it. And let`s put this deal behind and look forward. This was 2-3 days ago and I already forgot it. 2-3 days in crypto is huge. Grin
119  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 07:46:56 PM
Bitwho, you have no idea how glad i am somebody is talking to me...
I want to help Karma next to my study, i have the intelligence but i have zero programming skills and about 10% computer knowledge.
I bought Karma back in april or so? And i saw it go from 20 to 600 litoshi and back to 10 in a dump, and to me, it means something that i still believe in Karma.
So is there any wish for me in any way... 

My personal opinion is that Karma spiked to 600 because of Mintpal inside trading before opening BTC market and no one can make me believe other way around. I saw this 10`s of times. Previous owners did it all the time. Before they launch a new coin, buying orders are already up. And I mean at 6-7 levels. So these was their job IMO. The natural healthy price for Karma was 250-260 litoshi.
120  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143) on: September 03, 2014, 06:59:08 PM
I am sure that everyone here is helping as much as he/she can. I am also sure that by growing Karma more talented people will come. But keep in mind that helping to coin and community doesn' t only mean to sit down and fill a bunch of variables or write down code. What if I ask somebody how many people he approached directly and make passionated about Karma and the answer is 0? I find it strange for you to say to someone here that he isn't doing anything or at least he is not equal to somebody else here. I am not saying it is wrong. I am saying it is strange. Do you know why? Cause more than 80% of people holding Karma and I assume shares doesn't even come here to make a single post. What do you say to them? I think that we all with no exceptions at all should appreciate everyone's contribution.

yeah man.. that's what I was trying to say.. there is a silent majority who sit there and expect everyone else to do the heavy lifting... that means by definition anyone who is even talking is doing more than their fair share.. and lets not forget that it is the silent majority who benefit most from all the work done by the very vocal and sometimes busy minority.

if I wanted to work like a slave just to make someone else filthy rich then I would take a regular 9 to 5 fiat job just like all the other slaves.


If anyone doesn`t feel right to do what he/she is doing for Karma, then he/she can always stop doing it and the effect after this will be equal to his/her current contribution. From 270 unique addresses in Karmashares, how many are reading our threads and write here and do anything at all - 20-25? So these 20% that I have mansion are quite generous. But my point was to stop pointing with fingers and continue to do what everyone can do best and willing to do. The other way is just to become another silent member of these 80-90%. It is so simple.
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