[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good

[One Six]

How about at 50 billion total coins?

+1 .

Yes, change to 50 billion limit (no inflation).

we may need to do it asap.

[Counterpartybtc]

Look at those buy walls on mintpal! They are growing! Hold!!

[dips55tree]

Ideas for the next 50B coins:  What opportunities exist??

     >Functionality...What new innovations are there to mine with???

     >Air Drop 5Billion to the Boys Scouts to go do good with...result being countless of young curious minds instantly interested in Karma Coin

     >DONATE the next 5Billion to a poor nation in Africa

     >Point of Stack

As I said....I believe we have multiple opportunities with the last 50Billion coins.  Let's think outside the box.

The question is what will raise the price the quickest and connect with the most people out there.
     

[perhan007]

The BTC / KARM removal is the best solution for the Moment. I already have 500+ Million Karmacoins and will invest another 300 LTC as soon as the MINTPAL BTC market dissapeared.

[kosmost]

Karmacoin on EON tech news twitter feed

https://twitter.com/EON_Tech/status/453182981977288704

[kosmost]

Karmacoin on Yahoo Finance today: http://finance.yahoo.com/news/bitcoin-alternative-karmacoin-announces-peer-143000269.html

and Marketwatch: http://www.marketwatch.com/story/bitcoin-alternative-karmacoin-announces-peer-to-peer-p2p-tips-and-rewards-via-twitter-2014-04-07

[kosmost]

other tweets today:

Bitcoin Fast: https://twitter.com/BitcoinFast/status/453189816063385600

Web Monocle: https://twitter.com/Web_Monocle/status/453189372834086913

Bitcoin News: https://twitter.com/BitcoinNews247/status/453188879537799168

[kosmost]

A mention in a Spanish newspaper a couple of days ago, "La Razón": http://www.la-razon.com/suplementos/escape/BITCOIN-revolucion-marcha_0_2027797298.html

[kosmost]

Karmacoin on Prime Concepts twitter: https://twitter.com/PrimeConcepts2K

Don't forget to use our new Twitter tipbot! Send me your twitter username and I will send you some Karma! https://twitter.com/karmacoinme

[spitfire1337]

Karmacoin on Prime Concepts twitter: https://twitter.com/PrimeConcepts2K

Don't forget to use our new Twitter tipbot! Send me your twitter username and I will send you some Karma! https://twitter.com/karmacoinme

Signed up, twitter username is cerebalasassin

[perhan007]

Did already everyone vote for Karmacoin @ Cryptsy? I will spend 100 Points right now to push it forward a little bit. Feel free to join.

[ryannguyen18]

Don't forget to use our new Twitter tipbot! Send me your twitter username and I will send you some Karma! https://twitter.com/karmacoinme
[/quote]

Following...twitter username is @ryannguyen128

[learminer]

I have argued before, that the reward structure of KARM was less then ideal, generating too many coins in too little time. But with the next few reward halfings much of that is already being taken care off! All it takes is some time and patience. As tempting as changing the math might sound, it will not magically raise the coins price and a few things need to be kept in mind:

• 1. securing the network - a 50billion limit with no further reward would essentially kill network hashrate, making it vulnerable to attack. POS is a possible solution, but I am not convinced it is a great idea.
• 2. trust - imagine what people, investors and miners would say if the BTCF announed they want to change the total amount of BTC. It is one of the most important characteristics of the coin and changing it would masively undermine trust and confidence.
  

I am aware KARM is not BTC and we've got far "less to loose". But such a change should not be done without thorough consideration.

[hyeoam]

Charts here: http://crypto-prices.com/KARM

[Delaforetnoire]

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?

DEFINITIVELY YES !
It would avoid the risk of 51% attacks...

I mine Karmacoin for 3 weeks, I am 0.5% of the global mining Hashrate 

[cryptowho]

First we need to learn all the ins and out of a POS coin

[learminer]

Some food for thought, note I am not an expert on any of this. ;-)

Pros of POS coins:

• more energy efficient
• supposedly more secure network
• kinda cool right now (especially POW/POS hybrids)
• "free coins" for every holder

Cons:

• would turn KARM into an entirely different ecosystem (bye bye miners -> investors, hello club of bagholders)
• such a transformation would certainly hurt people's trust in KARMA, though that could be restored over time
• mining gives a coin a percieved value in many people's eyes (hardware/energy cost to generate x amount of coin), POS is really just created out of thin air
• "free coins" for every holder
• that promotes hoarding of coins, the exact opposite of KARMAs goal
• the rich get richer, the poor stay poor - not exactly good KARMA either

Please consider this:
https://bitcointalk.org/index.php?topic=551861.0
concerning proven POW/POS hybrid security flaws.

[ptman]

About the possible change to 50 billion.

There will be no loss of confidence by the majority of users if such measure is taken because most of karmacoin users agree with such change (from pool results).

Remember that we are not (yet!) at the same level as BTC, where even if 10% of people was against an hypothetical measure of this kind its execution could backfire very badly (10% BTC users -> thousands of users!).

[ShawnLeary]

Let's consider renaming the coin at the same time, KarmaStake anyone? 

[cryptowho]

Let's consider renaming the coin at the same time, KarmaStake anyone? 

karmashares