Why cant you donate with bitcoins? What is the point of donating with karmacoin over a more mainstream and useful crypto? Seems like a silly gimmick.
Because we don`t like such stories http://www.ibtimes.co.uk/bitcoin-miner-earning-8-million-month-1439662. Where greedy f-----s like butterflys and K_Cminers are messing and trying to centralize something beautiful like cryptos. We do like strong Bitcoin, but we do not like it to be alone. |
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Komost you say you dont leave this coin till 500.
Is it 500 LATOSHIS or 500 btc SATOSHI ?
About the people who dump their coins.
If you dont trust a coin dont invest in, we dont need dumper.
If people keep more coin in their wallet the price will go up much faster than putting big sell order...
500 satoshi  When it hits 500 litoshi I'll take a bathroom break lol Aaaa, at 500 satoshi I`ve promised you vacation. But don`t you think I will participate in your bathing at 500 litoshi.  |
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You will see 8 000 bitcoins daily trade for Karma. Yes, thousands. And this is not far from now. I don`t understand how is possible for someone to sell this coin for litoshi. Seriously.
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For mining friends I will quote again myself:
"For 2 and a half years I have never saw a pool or site like coinwarz that is giving exact values. What is real is what you actually mine. Stop looking at this numbers, because they will never be real no matter what coin you are mining and no matter what pool you are using. The same is valid for the hash rate. The real thing is what you see in miner, not what you see in pool stats. And nobody is trying to cheat on anybody, there are just some obstacles that does not allow this numbers to be exact."
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Someone with 25 LTC can go to 200 on crypsy so not bad I will not stop until we get to at least 500 satoshis ..and then I will take a nice long holiday. ...and I will pay for it. |
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limiting POW to less than 92B?
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Do you know, if there is a decision for switching or not to some kind of POS-POW-POT-POB?
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No. It won`t be real. For 2 and a half years I have never saw a pool or site like coinwarz that is giving exact values. What is real is what you actually mine. Stop looking at this numbers, because they will never be real no matter what coin you are mining and no matter what pool you are using. The same is valid for the hash rate. The real thing is what you see in miner, not what you see in pool stats. And nobody is trying to cheat on anybody, there are just some obstacles that does not allow this numbers to be exact. |
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Karmashares (stakes) is off BTC market on Mintpal. Let`s see how is this going to affect the ecosystem. |
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A lot of xxx coins out there. Share or stake sounds better.
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How about at 50 billion total coins it changes to PoS?
Then you get 1.5% interest for every 30 days term you keep the coins in your wallet (for the first year)
then 0.75% per month the following year, then decreasing by half after, etc
until maximum of 92 billion coins?
+1 I like the idea for 30 days period. It is different. I like different things! |
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Change to 50B + 1% year until 92B and PoS for coins after (x) days in same wallets +1 Why PoS? I see "minting" as a way for removing big sell walls from exchanges. Actually, I am not sure if 1% is good Idea. Maybe 1%, maybe 5% and why not 20% for the first year. It is a matter of discussion. But reducing to 50 billions, oh boy, this is really good. Almost all of you disagreed for tech change that will make Karma more attractable for miners, by saying that is most important to make it more attractable for investors. Reducing the total supply + POS is a very strong move ahead. Of course, let everyone know about that and let`s see what will come up. May some genius ideas will pop up. tampering with coin supply rate does NOT make the value go up. this is the same moronic logic that the federal reserve uses to manage and manipulate all USD based markets. several times now the coin supply rate has halved by design and this has not caused any shift in the price of KarmaCoin at all. this is because the price of KarmaCoin is determined by the people selling (ie those who already hold coins) not by those people mining. further more Bitcoins biggest selling point is that it is scarce resource and that is because the coin supply cannot be tampered with. once you start messing with it (up or down) you completely destroy peoples faith in that premise. If you go past the point of no return there is no coming back... If you can reduce coin production rate arbitrarily then what is to stop you from later increasing it arbitrarily to suit your own needs? the very second you alter the coins production rate in any way you are effectively destroying its deflationary nature. by reducing the production rate of the coin all you are doing is reducing the amount of coins that go to miners thus making the coin less profitable to mine so you are effectively taking coins out of the hands of the people doing the work to secure the network and giving more power to the coins held by those people who already control vast amounts of coins. (This is called Crony Capitalism or Oligarchy) Not only that but you are reducing the network hash rate and making the coin network more vulnerable to attack. Maxcoin tried this trick and for a few weeks it seemed to work and then the price crashed back down again. In the short term yes it will benefit those people who hold the coin and want to dump it but in the longer term all it does is erode public confidence in the coin and concentrate power into fewer hands. Seriously I cant believe people are even considering tampering with fundamental ideas of Crypto currency just to line their own pockets, especially when they are discussing the future of a coin supposedly based on Altruism. There isn't a coin in this world that could be successfully altruistic if it was being controlled by greedy mofos. First, did you ever been in Hong Kong? Second, Karmacoin is not a charity coin - everyone must remember this. Third, most of the coins are mined not by you and me, but a big P2P pool, which holds maybe 25 billions of the Karmacoins. How are you planning to make them remove their coins from 1 satoshi and maybe less sell walls. With altruism? How are you planning to spread Karma if there is no buy orders, because the coin is not recognized yet? For what securing you are talking about when the net is about 250 - 400MHs?  One big operation and there will be no network. What do you suggest? To keep do nothing? Don`t look at Karmacoin with the eyes for Bitcoin and Litecoin. This is different. Times are different, conjuncture is different. Changes just have to be made. It doesn`t matter if we like it or not. And one more thing. If not this week, then the next we will be removed from BTC market. https://support.mintpal.com/index.php?module=announce&sec=view&id=15 Just as I told you. I told you also that Karma will fall under 16 litoshi and it happened. I told you that it will fall under 10 and it happened. I told you that we will be removed from BTC market and it is happening. And you are continuing to fall in blindness and saying that no tech change have to be done?!? |
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Change to 50B + 1% year until 92B and PoS for coins after (x) days in same wallets +1 Why PoS? I see "minting" as a way for removing big sell walls from exchanges. Actually, I am not sure if 1% is good Idea. Maybe 1%, maybe 5% and why not 20% for the first year. It is a matter of discussion. But reducing to 50 billions, oh boy, this is really good. Almost all of you disagreed for tech change that will make Karma more attractable for miners, by saying that is most important to make it more attractable for investors. Reducing the total supply + POS is a very strong move ahead. Of course, let everyone know about that and let`s see what will come up. May some genius ideas will pop up. |
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We need more involvement from you. Dev created and distributed Karma. Community's job is to raise the value of the coin. So stop bitching and go spread Karma. Talk to people about this coin. Post stories to your forums and social networks. Follow the threads here and spread the ideas. Sitting on your ass, waiting and yelling at somebody else, because he is not doing your job won't help our cause.
Cute. Actually I have around 100 LTC buy support on Mintpal, so the Karma do not fall under 10 litoshi, where I see its dead. I have donated 60 mills on forums and soc nets and another 20 for causes. So, citing me does not do anything else, than putting smile on my face. But it is not necessary for you to trying to piss me off. If I say something it is because I want Karma to succeed, not because I want to scratch my a$$ and let everyone to know about it. |
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The coin is obviously stuck. 2 months and only downtrend. In this days if one coin doesn`t move in such time it is going to trash. Let`s not lie to ourselves. Unfortunately the measures that have been taken didn`t work. I suggest the hashing algo change to X11. let`s vote to see what the community think. What is your opinion guys?
Don't be ridiculous. We've only been at it for 3 weeks. Have some patience. Karmacoin has been holding strong, not rising. Our coins are fairly distributed, and we have a plan. It's good to sit here for a while and wait out the storm. The perfect time to strike is soon, but not now. Good things come to those who know what it means to invest. In the meantime: "The Karmacoin Economy. How it is Unique": http://www.reddit.com/r/Karmacoin/comments/21hbs1/the_karmacoin_economy_how_it_is_unique/"Would you use a Karmacoin debit card? Payments like Square?" : http://www.reddit.com/r/Karmacoin/comments/21hqto/would_you_use_a_karmacoin_debit_card_payments/ Feel free to list other coins that are not only considering the future but actively taking steps to secure our place at the top of the cryptocurrency movement. I can only think of Dogecoin and Reddcoin. But, again, Karmacoin is very unique. You got it all wrong. The measures from the last 3 weeks are pointed to attract investors and attention to our thing. What I am suggesting is to attract more attention to miners. The net is 400MHs. This is nothing. We are going to the floor. Every miner knows that the future is not in pure scrypt, but in different hashing methods. X11 is one of them. It runs smoother with lower temperatures, less power consumption and the ones who adopt it now, before the summer and asics, will only benefit. The others will miss the train with no exit to success. This is so obvious and got nothing to do with the great job that you did in the past weeks. I don`t write much here, but believe me, I have tipped for over 60 millions karms in my forums and soc nets and got no attention to miners, because everybody says that Karmacoin is just another doge, lite, etc clone. Miners are not stupid. They know. There must be some innovation on the technical side of the coin, if it is to succeed. You are all talking about the falling markets of cryptos, but this is not true. They are down only for the ones who don`t innovate. Look at the Vertcoin, Darkcoin and now even Hirocoin. On the other side I don`t see how Karmacoin will hold even to 16 litoshis. Only branding by itself won`t work, just won`t. There must be improvement on the technical side. Think about it. there is a big debate about whether asics are good or bad so it would be unwise to act rashly.. on the one hand... Bitcoin Sha256 ASICS did kill off all the GPU miners and force them onto litecoin. the net result of that huge influx of investment into Sha 256 asics was an explosion on the bitcoin price. it was only after Bitcoin exploded that Litecoin started to gain traction as people started to diversify their portfolios. so what will happen in the next few months.... will the new Scrypt asics cause a explosion in litecoin price? some people in china seem to think so since every exchange there now trades LTC. one thing of course is certain.. that is that GPU miners will be forced onto other algo coins... but does that mean that Scrypt coins other than Litecoin are doomed? if history is anything to go by then as the fiat money begins to flow into the scrypt ocean, all Scrypt based boats coins should also rise... but there is a catch... as more powerful asics hit the market it means that inevitably the Scrypt based hashing power becomes more centralized. this in turn means that the weaker scrypt based coins are vulnerable to 51% attack. we saw this in the past when TerraCoin (TRC) got 51% attacked several times by unscrupulous Sha 256 ASIC farmers (but ironically they are still around and kicking)... so I think its good to have the debate... but it is far from clear at this point whether changing the proof of work is a good thing or not. as I understand it.. Spain coin has moved from Scrypt over to Scrypt-N.. yet Aurora hasn't (I think) scrypt N is probably one of the best algos to fight against ASICs but its still unclear whether fighting against ASICs is a worthwhile excersize. and ofcourse Scrypt N is even harder on your GPUs so it can cause cards to burn out more regularly than scrypt (which is something you definitely do not want) Keccak (SHA-3) is an option that people are also talking about.. but there are already ASICS for Keccak that have been created (just not mass produced yet) Multi hash systems like X11 though they sound like a good idea may end up ultimately being futile too because Multi Hash ASICS do already exist (just not mass produced) and X11 isn't memory hard... so as you can see.. in this game there is no right or wrong answer and nothing is as it seems.... so I say we wait and see.... its fine and healthy to discuss hypothetical... but my view is, lets deal with the actual problems as they occur. in my experience its the coins with the strong and active Dev teams which survive the tumultuous times, not those with the best tech initially. for anyone who is worried about Scrypt based coins devaluing.. my advice would be to broaden your portfolio to hold as many different kinds of coins as you can. seriously who knows whats around the corner.. I sure don't. I know. The so called "boss coins" will rise. Litecoin - 100-120 dollars. Darkcoin - 20 dollars and up, Vertcoin - 30 dollars and up. So called "middle boss" coins will rise also. Dogecoin - 400 satoshi. Delaforetnoire You don`t get it. For speculative purposes it doesn`t matter how any coin worth, and that include Karmacoin. If I want to speculate and make quick profits, I will buy 400-500 million and why not 1-2 billion at 15-25 litoshis and then dump on 1 satoshi. Do the math. Guys, sometimes you are talking like it is your first coin and first mining day, and you never saw a pump and dump. I see that my proposal to switch algo to X11 got no attention. look at https://bitcointalk.org/index.php?topic=549572.0 from TODAY. This is the biggest alt crypto currency. When I`ve suggested to switch algo to X11 the price was 21 litoshi and i told you that it won`t stay even on 16 litoshi. Now is 9 litoshi and I am telling you that you will see it falling to 4 litoshi and Karma will be removed from bitcoin market on Mintpal. One thing must be known - If a coin can not attract miners, there is no way for it to attract investors. Miners are the advocates of the coin. |
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The coin is obviously stuck. 2 months and only downtrend. In this days if one coin doesn`t move in such time it is going to trash. Let`s not lie to ourselves. Unfortunately the measures that have been taken didn`t work. I suggest the hashing algo change to X11. let`s vote to see what the community think. What is your opinion guys?
Don't be ridiculous. We've only been at it for 3 weeks. Have some patience. Karmacoin has been holding strong, not rising. Our coins are fairly distributed, and we have a plan. It's good to sit here for a while and wait out the storm. The perfect time to strike is soon, but not now. Good things come to those who know what it means to invest. In the meantime: "The Karmacoin Economy. How it is Unique": http://www.reddit.com/r/Karmacoin/comments/21hbs1/the_karmacoin_economy_how_it_is_unique/"Would you use a Karmacoin debit card? Payments like Square?" : http://www.reddit.com/r/Karmacoin/comments/21hqto/would_you_use_a_karmacoin_debit_card_payments/ Feel free to list other coins that are not only considering the future but actively taking steps to secure our place at the top of the cryptocurrency movement. I can only think of Dogecoin and Reddcoin. But, again, Karmacoin is very unique. You got it all wrong. The measures from the last 3 weeks are pointed to attract investors and attention to our thing. What I am suggesting is to attract more attention to miners. The net is 400MHs. This is nothing. We are going to the floor. Every miner knows that the future is not in pure scrypt, but in different hashing methods. X11 is one of them. It runs smoother with lower temperatures, less power consumption and the ones who adopt it now, before the summer and asics, will only benefit. The others will miss the train with no exit to success. This is so obvious and got nothing to do with the great job that you did in the past weeks. I don`t write much here, but believe me, I have tipped for over 60 millions karms in my forums and soc nets and got no attention to miners, because everybody says that Karmacoin is just another doge, lite, etc clone. Miners are not stupid. They know. There must be some innovation on the technical side of the coin, if it is to succeed. You are all talking about the falling markets of cryptos, but this is not true. They are down only for the ones who don`t innovate. Look at the Vertcoin, Darkcoin and now even Hirocoin. On the other side I don`t see how Karmacoin will hold even to 16 litoshis. Only branding by itself won`t work, just won`t. There must be improvement on the technical side. Think about it. there is a big debate about whether asics are good or bad so it would be unwise to act rashly.. on the one hand... Bitcoin Sha256 ASICS did kill off all the GPU miners and force them onto litecoin. the net result of that huge influx of investment into Sha 256 asics was an explosion on the bitcoin price. it was only after Bitcoin exploded that Litecoin started to gain traction as people started to diversify their portfolios. so what will happen in the next few months.... will the new Scrypt asics cause a explosion in litecoin price? some people in china seem to think so since every exchange there now trades LTC. one thing of course is certain.. that is that GPU miners will be forced onto other algo coins... but does that mean that Scrypt coins other than Litecoin are doomed? if history is anything to go by then as the fiat money begins to flow into the scrypt ocean, all Scrypt based boats coins should also rise... but there is a catch... as more powerful asics hit the market it means that inevitably the Scrypt based hashing power becomes more centralized. this in turn means that the weaker scrypt based coins are vulnerable to 51% attack. we saw this in the past when TerraCoin (TRC) got 51% attacked several times by unscrupulous Sha 256 ASIC farmers (but ironically they are still around and kicking)... so I think its good to have the debate... but it is far from clear at this point whether changing the proof of work is a good thing or not. as I understand it.. Spain coin has moved from Scrypt over to Scrypt-N.. yet Aurora hasn't (I think) scrypt N is probably one of the best algos to fight against ASICs but its still unclear whether fighting against ASICs is a worthwhile excersize. and ofcourse Scrypt N is even harder on your GPUs so it can cause cards to burn out more regularly than scrypt (which is something you definitely do not want) Keccak (SHA-3) is an option that people are also talking about.. but there are already ASICS for Keccak that have been created (just not mass produced yet) Multi hash systems like X11 though they sound like a good idea may end up ultimately being futile too because Multi Hash ASICS do already exist (just not mass produced) and X11 isn't memory hard... so as you can see.. in this game there is no right or wrong answer and nothing is as it seems.... so I say we wait and see.... its fine and healthy to discuss hypothetical... but my view is, lets deal with the actual problems as they occur. in my experience its the coins with the strong and active Dev teams which survive the tumultuous times, not those with the best tech initially. for anyone who is worried about Scrypt based coins devaluing.. my advice would be to broaden your portfolio to hold as many different kinds of coins as you can. seriously who knows whats around the corner.. I sure don't. I know. The so called "boss coins" will rise. Litecoin - 100-120 dollars. Darkcoin - 20 dollars and up, Vertcoin - 30 dollars and up. So called "middle boss" coins will rise also. Dogecoin - 400 satoshi. Delaforetnoire You don`t get it. For speculative purposes it doesn`t matter how any coin worth, and that include Karmacoin. If I want to speculate and make quick profits, I will buy 400-500 million and why not 1-2 billion at 15-25 litoshis and then dump on 1 satoshi. Do the math. Guys, sometimes you are talking like it is your first coin and first mining day, and you never saw a pump and dump. |
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2 weeks for better algo? No, maybe just tomorrow. Or tonight. How is this a stopper to make something better? It is really simple. If somebody continue to do what he is doing, he will continue to achieve what he is achieving.
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The coin is obviously stuck. 2 months and only downtrend. In this days if one coin doesn`t move in such time it is going to trash. Let`s not lie to ourselves. Unfortunately the measures that have been taken didn`t work. I suggest the hashing algo change to X11. let`s vote to see what the community think. What is your opinion guys?
Don't be ridiculous. We've only been at it for 3 weeks. Have some patience. Karmacoin has been holding strong, not rising. Our coins are fairly distributed, and we have a plan. It's good to sit here for a while and wait out the storm. The perfect time to strike is soon, but not now. Good things come to those who know what it means to invest. In the meantime: "The Karmacoin Economy. How it is Unique": http://www.reddit.com/r/Karmacoin/comments/21hbs1/the_karmacoin_economy_how_it_is_unique/"Would you use a Karmacoin debit card? Payments like Square?" : http://www.reddit.com/r/Karmacoin/comments/21hqto/would_you_use_a_karmacoin_debit_card_payments/ Feel free to list other coins that are not only considering the future but actively taking steps to secure our place at the top of the cryptocurrency movement. I can only think of Dogecoin and Reddcoin. But, again, Karmacoin is very unique. You got it all wrong. The measures from the last 3 weeks are pointed to attract investors and attention to our thing. What I am suggesting is to attract more attention to miners. The net is 400MHs. This is nothing. We are going to the floor. Every miner knows that the future is not in pure scrypt, but in different hashing methods. X11 is one of them. It runs smoother with lower temperatures, less power consumption and the ones who adopt it now, before the summer and asics, will only benefit. The others will miss the train with no exit to success. This is so obvious and got nothing to do with the great job that you did in the past weeks. I don`t write much here, but believe me, I have tipped for over 60 millions karms in my forums and soc nets and got no attention to miners, because everybody says that Karmacoin is just another doge, lite, etc clone. Miners are not stupid. They know. There must be some innovation on the technical side of the coin, if it is to succeed. You are all talking about the falling markets of cryptos, but this is not true. They are down only for the ones who don`t innovate. Look at the Vertcoin, Darkcoin and now even Hirocoin. On the other side I don`t see how Karmacoin will hold even to 16 litoshis. Only branding by itself won`t work, just won`t. There must be improvement on the technical side. Think about it. |
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The coin is obviously stuck. 2 months and only downtrend. In this days if one coin doesn`t move in such time it is going to trash. Let`s not lie to ourselves. Unfortunately the measures that have been taken didn`t work. I suggest the hashing algo change to X11. let`s vote to see what the community think. What is your opinion guys?
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what is going on??
I go to bed with 6 difficulty and woke up at 65.1
hash rate is 3.57 GH/s
OMFG.
what is going on???
So, you have slept 9 days? |
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