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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 This 5 million coins can never be withdrawn and also can be used for Karma funding.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.
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Maybe we should focus on being a solid next gen crypto currency rather than trying to be a crowdsourcing incubator?
+1000 |
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KARMA WAS AND IS NOTHING WITHOUT KOSMOST AND THE TEAM. NOBODY WITH BRAIN BIGGER THAN WORM DOESN`T WANT KARMA WITHOUT KOSMOST EVEN FOR A DAY. FOR YEAR IS OUT OF A QUESTION. STOP WHINING, DUMP YOUR BAGS, GO SOMEWHERE ELSE AND CONTINUE TO FOLLOW OTHER MEANINGLESS COINS. NOBODY OWES YOU ANY KIND OF EXPLANATIONS OR TIME TO READ YOUR BUL$H17. GTFOOH. ABOUT NOW!
How do you like this?
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So what if somebody is holding 1 million, 10 million, 100 million or 1 billion. If somebody want more, he has 2 options - buy more or work for KARMA to increase its value and by this increase its price. All other talking is just empty prattling. Why are you all assuming that is mandatory for somebody to give you explanation how much coins he/she is holding and why?
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Devs, Kosmost don`t you think it s time to give a statement
News will be announced on September 1, as previously mentioned. I don't generally respond to market movements (since I don't watch the market) but others are free to. Dear Kosmost, Do you have any idea if it will be in the next 3 hours, or if it will be after that? Im very interested in the flagship lill (so are the people here at home) so i (we) are very curious. If its not in the next 3 hours. I will go to sleep in peace haha I think not only you, but a 4-5 other people here will get good use of nice long sleep. |
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Can i say, with caution, that this is the true price of karma atm?
I mean, if you dump it to death 3 times and it comes back to 110, you must have a pretty damn stable price.
Its impressive after 3 major dumps. If we hear nothing anymore from kosmost today, it will drop from 100 to 10lite. But as always we trust in kosmost. Why would it? Our price mostly is based on miners. If they dump at 10 litoshi they will make hugh losses. You are totally wrong. Just the way you think is misleading you. Miners are not stupid. Big fluctuations are based on deception, mistakes, strategies, and most of all pools and exchanges cartels. |
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Can i say, with caution, that this is the true price of karma atm?
I mean, if you dump it to death 3 times and it comes back to 110, you must have a pretty damn stable price.
Its impressive after 3 major dumps. If we hear nothing anymore from kosmost today, it will drop from 100 to 10lite. But as always we trust in kosmost. Yes, there are enough true believers. So, what. Maybe you don`t know where it all started and this is because you don`t understand that somebody doesn`t care about that. Yes, we do. |
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5hrs till second of september in my timezone. Kosmost have you finished your lil powernap  I find your way of talking even worst than mine. Would you please stop challenging me... |
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Not totally true. Yesterday on the second dump there was a 700/800 ltc sell wall on 110 or 100. They keep adapting. I hope their coins are finnished soon
I saw about 350 LTC temporarily show up on the sell side at 70 litoshi or so during todays dump. True, these sell walls are fake, If you look closely, it is only 1 sell order selling at low prices, then sporadic some people who lost fait selling at 70 for a few ltc. The other 95% dont want to sell at those low prices buy orders is not fake 250 LTC (mintpal) 47 LTC (Cryptsy) is mine  Im talking sell walls, not buy walls haha. I hope you are able to buy them at those prices  yesterday bought 450 000 000 million very happy! As I have always said, 1 KARMA will worth 1$. So, from this perspective I suppose you are Godzillioner now. |
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It is 11:30 am in California, please calm down everyone...
ROFL. Everyone counting hours in different time zones.  How do you know which is the proper one.  |
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If I was the karma team, I sell lill and use the money to buy karmas and raise the price to create an upward current that makes other investors bet on karma.
With 600 BTC you can raise the price up to 30 satoshis, what do you think?
so guys like you can sell of your Karma's to the rising prices and get huge profits at the expense of LLC and shareholders and supporters of the coin... Bravo... ingenious plan, but don't be so obvious You do not know me, I'm buying karma from the first week, yesterday my last 2.60 BTC during the most panic sell lived in the recent history of karma. And I have not sold anything. Of course I hope to take profits but still enough time left for that time. I am sure you will be very happy with your investment. |
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We don`t know. Can you do a research and propose how this should be implemented? |
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If everyone of you that is hitting F5 repeatedly was doing something usefull to improve the Karma economy, then we would be number one already +1 |
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this got to be a hack of some one account. Possible on mintpal. Strangely enough PND seems to also been gone on huge dumps and i cant find anyone on their forums to give a valid reasons.
like i said. on august 30 i got an email of "failed loggin" from mintpal. Perhaps they got lucky with some one old account that doesn't check on karma often enough to realized he has been hacked.
.........
thoughts
They hardly hacked 2 accounts with karm both on Mintpal and Cryptsy. When I was promoting KARM on crypty chat a month ago, someone told me, KARM has very small group of people holding many billions coins and distribution is not healthy. He was right, now we know, someone had more than 5 billion KARM and he probably have lot more. He dumped more than 3 billion and withdrew 2,2 billion, plus he has at least another 500 million on Crypty I observed he was playing with. Doesn't matter if someone from KARM team is scammer or not, it is time to publish the announcement as was promised. Alright calm your titties. You love to throw the "scam" out so easy. But i am getting tired to read it. Please delighten us and show us how a team members could be "scamming" ? here is a fact that we have constantly been repeating. "Kosmost has not shared any of his news with anyone on the team. from the first announcement. the same on seconds announcement  and so will be the third." I have to be online just like you and wait to see when komost will post. I dont know the time he will do it either. All is unknown to minimize inside trading. here is an other obvious fact. selling at 14-50 litoshis is a loss. as you can see. There is enough karma believers that would quickly raise the price to at least double. what is happening could simply be a big whale quiting , hacked accounts , or dump manipulations. "i don't like something! scam!!!!" Sorry for that, but there is lot of people waiting for announcement. It is 1.st September. Is there any reason not to publish the info now as promised? It is the only think which can calm everybody down:) People playing chicken little will not help Karma at all. Getting your hopes up that Kosmost is going to announce your winning lotto ticket numbers isn't either. All Kosmost said was that an announcement was going to be made on the first. He never said it was going to be the sell or lack there of LiLL. Last i remember we received a second offer on the LiLL sale which was not worth voting on because it included Kosmost working for the buying company for free for a year from the day of the close. So while i too don't have a clue what this announcement is about all i am expecting is word of a third offer or lack there of. I would be very, very surprised to get word on any sell. As far as the big dumps go, i can tell you it was not me and i too am very concerned as these sells make no sense at all. I too think they are malicious in nature and am trying to investigate them like most of you. To my knowledge Mintpal nor Cryptsy have replied to multiple emails from various people. So if you do get any tangible info on wtf is going on with these dumps please let us know. He said he was working with the vc on a solution for this... Exactly which means working out a third deal that will get him off the hook but still be worth wild to the sell. So if he was successful he will probably share the good news and the specifics of the new offer if not he will probably share the bad news that no agreeable solution could be reached. Thats why i say again all i am expecting is word on a third offer or lack there of. But i could be wrong. Why not selling lill is a "bad" news? |
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Block 300.000 ! since now there will be only 20.000 KARM/Block. yupiiiii.!!!!!!
Thanks to East about already changing this info on OP and coinwiki. Coinwarz is notified. I didn`t saw anywhere else block reward info, but if somebody have 20-30 minutes, it would be good if another pair of eyes cycle all relevant to Karma sites. About the price fluctuations - I didn`t found any good reasons why are you all paying so much attention on this speculations, mistakes (what I think it was), hacks or whatever. This will be always part of crypto. Calm down and enjoy the ride. |
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Please check the block explorer.
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Mining contest is going well. Now is time for the creative persons of our community to step up. Karma team members can also participate. Today I am starting contest with a first place award of 2 000 000 (TWO MILLION) KARMA. No consolation awards. The rules are as follows: 1. At least 5 participants 2. Every participant can provide more than 1 photo. No limit about this. 3. Photos must contain KARMA logo and GOT KARMA? written or drawn by hand (Not printed). So only the GOT KARMA? must be written or drawn by a hand, which includes graphite drawing. I don`t care about the logo if it is printed or drawn by a hand, but it must be our original logo. 4. Photos can be for example selfie with a popular person and you wearing t-shirt with KARMA logo and GOT KARMA?, photo on the top of a skyscraper holding KARMA logo and GOT KARMA?, photo of somebody jumping with parachute holding KARMA logo and GOT KARMA?, nice graphite drawing of our logo and GOT KARMA? and all other things that crosses your mind. 5. The last day of this campaign is 1-st of September. No photos will be accepted on 2-nd of September. (exceptions for delayed photos only if I see on the photo Barack Obama or Queen Elizabeth ) 6. You can post your pictures here, forum, facebook and karmashare.me. You must pm me here with a link to the original post. 7. The winner will be chosen by community vote in our forum. Voting will continue 3 days, but I want at least 25 votes. If we don`t have 25 votes, we shall extend the voting period. If there is a tie between two or more photos and/or persons, I suggest our respectful Marketing & PR workgroup moderators easteagle13 and jasondecosta to choose the winning photo. If jasondecosta decide to participate, me and easteagle13 will have the last word. These are the rules. Do not cheat! I will catch you. Believe me. Do not use any tools to make your photos look better. If I catch someone cheating, all of his/her photos will be disqualified. This is a real life contest. I am not encouraging you to do something dangerous or stupid, but to win this, it is obvious that you have to be a little crazy. So happy shooting. Me and easteagle13 are splitting the funding for this. 1 mill comes from me and 1 mill from him. This is not an official karma marketing project. GOT KARMA? I am cancelling this. Sorry, but I am not seeing any interest in it. Until now nobody sent any picture. |
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Bter Exchange got hack.
Reminder to everyone to keep you coins under your own control.
Sad to see people loose their investments :/
I don`t recall how many of us asked them to add KARMA. So, what do we care about hacking bter? It is their problem to handle. I don`t care. But of course, it is really stupid to keep coins on exchange. |
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when is the exchange of 1000 old karma for 1 new karma
KARM go to ------»  This will happen when Karma find talented and dedicated people from community to help the dev team. Not because of some denomination or other sorcery. |
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when is the exchange of 1000 old karma for 1 new karma
Such decision was never taken. There will be no exchange. |
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