Karmacoin is a good idea.
From what I have read, the Dev is simply letting the miners mine and participate in a fair market.
This coin is finally giving the average guy and his rigs a shot at participating in a market which is principally unprecedented with the exception of DOGE.
These guys appear to be protecting us - which is fundamental to doing good to each other - trustworthiness.
Here is my impression of things.
1) These new coins go through ups and downs.
2) The Dev has shown good Karma by actions.
3) First, they appear to have a lot of pride in their work - defending it at every chance. I believe them when they say that they coded the software themselves. Arguing their point appears to be a matter of pride and is irrelevant to the Karmacoin's success. I believe they were not trying to make a case study of it - but are defending against the naïve who are pawns for the trolls.
I invite you to download the code from coingen's karmacoin (the screenshot you've shown a dozen times on the forum) and compare it to the real Karmacoin code located at github. You will find thousands of differences. In fact, to make it easier for you to see the differences I ran a unified diff for you. You can do this yourself with the diff -ru [folder1] [folder2] command.
The diff file is available here:
http://karmacoin.info/diff_karmacoin.txt (it is 20,000+ lines)
We are making a community here to promote being good, to provide a place to give props to people who have done good.
I am not going to spend time responding to this again.
Please stop
4) They thwarted a pre-mine scenario by recompiling and redistributing their wallets within the hours of going live.
FROM DEV: Thanks. I'd appreciate that, we've put a lot of work into this coin and have a last minute scramble now to re-do the keys.
The plan was to open the pool up, give out the wallet information, etc at the same time to everyone to be fair. This person is solo mining. They aren't using the pool (it shows 0KH). The coins the are mining right now will be useless as the new wallets won't recognize their hashes and all will be reset.
5) They are making investment:
Kimoto Gravity Well update coming Feb 7 or Feb 8 depending on how testing goes
Major events completing over the next several weeks (give or take based on Karma volunteers)
1) Updates to the
www.karmacoin.info site to make it a hub of communication for the community including forums, blogs, etc
2) Media 'road show' to let the news outlets know what Karmacoin is all about
3) Adding the Karma showcase to the
www.karmacoin.info site which allows people to showcase good things they have done and ask for donations
4) A storefront to buy Karma-related products using your KARM
You need to analyze who is saying what. Most of the guys bashing, complaining are focused on driving the pricing of KARM down
For example, Zebedee23 is clearly a capitalist. You cannot blame him. He needs to scare you to move the pricing and manipulate the market.
How do I know? His posts communicate a pumping and dumping strategy across 3 or 4 currencies over the last 24 hours.
Is that bad? Hell no, he needs to make a living.
But is he the guy to take advice from? No. He is not looking to sponsor or support - just get rich off of your reactions to what he says.
(Nothing bad meant by this Zebedee23)
Some of ZEBEDEE23's Highlights-
Post 1
Buy quick cause your the one selling for 1000 BTCs each, yeah!!!!
Post 2
I just made a withdrawel, its not showing in pending and i never received the email!!!!! my username is crytobum
Post 3 - seems to be involved as an owner in one of the coins MEOW
we are almost there, dont panic whatever happens! All will be good
& milkymile what fuck you talking about bought at scam level cheap!? Anyone you included had the oppurtunity to buy meows when they were 1-5 sats each! The people with a brain and some BTC bought loads, just cause you obviously missed the boat on this stop spreading crap , calling scam and being a real ass fukt sore loser
Post 4
Please post your kittehtipbot wallet address and i will fund now
post 5
Youre right he tweets all day kitteh even tweeting singing cat videos then barely mentions meow, definately a bait n switch 2 attract more 2 failcon(maxiecoin). & blocking yr twitter, very shady
Post 6 - mooncoin
Glad I started whaling at 2-3 satoshi's!!!
Post 7
we are definitely in the right place 2 make some money! Potential gains of 1000% plus with little risk! nlove it!
