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Author Topic: [ANN][KARM] Karma / ₭ / X11  (Read 563213 times)
Kennet_h
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July 27, 2014, 08:33:04 AM
 #3781

Can i remove the old softweat, after the update?
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easteagle13
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July 27, 2014, 08:38:33 AM
 #3782

So here's a rough overview of our translation effort:


CHINESE (ongoing) by joymagic
ITALIAN (ongoing)  by vitamincii
SPANISH (ongoing) by javijavier
RUSSIAN (ongoing) by iGoodw1n
GERMAN  (ongoing) by karmakaguy
FILIPINO (ongoing) by edelyn
HINDI  (ongoin) by blg425
BENGALI open
PORTUGUESE (ongoing) by ptman
URDU open
INDONESIAN  (ongoing)by azrin619
NIPPONGO open
POLISH
FRENCH
DUTCH (ongoing) by Bierworst
KOREAN (ongoing) by  dbstmddhks

Our OP page translation

SPANISH done by UrsaMajorisBeta https://bitcointalk.org/index.php?topic=670375.0!                                   bounty sent
PORTUGUESE DONE by ptman  https://bitcointalk.org/index.php?topic=579973.msg7589315#msg7589315                 bounty sent
FRENCH DONE by xblackdemonx123  https://bitcointalk.org/index.php?topic=579973.msg7591943#msg7591943  bounty sent
CHINESE DONE by joymagic https://bitcointalk.org/index.php?topic=579973.msg7596024#msg7596024          bounty sent
ITALIAN DONE by vitamincii             bounty sent
DEUTSCH(German) DONE by austriabitcoin               bounty sent
GREEK  DONE  by Mpare     bounty sent

FILIPINO (edelyn assisted by east ongoing)
DUTCH ongoinG by Bierworst

below are open for your initiative
RUSSIAN
HINDI
BENGALI
URDU
INDONESIAN
NIPPONGO
POLISH


Bounties are coming from p4r4m0un7, easteagle13 and karmakaguy, everyone else specially TeamKarma members are welcome to pitch in.  Wink

I would like to call the attention of all the translators listed above. Kindly update us to the progress that you have made so far. By July 31, 2014 Anyone of the above listed who would not post or contact me about his/her progress will be considered resigned to the task of translation and therefore other volunteers are welcome.

TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
easteagle13
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July 27, 2014, 08:40:04 AM
 #3783

Can i remove the old softweat, after the update?

Be sure to back up your wallet, save that on multiple location, then when you have updated the wallet there is no need to delete anything except copy and paste you old wallet.dat to the new.

TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
Kennet_h
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July 27, 2014, 08:47:35 AM
 #3784

I know i don't have to, but will it cause problems if i do? Update went flawless btw  Smiley
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July 27, 2014, 08:56:48 AM
 #3785

I know i don't have to, but will it cause problems if i do? Update went flawless btw  Smiley

No it wont. unless you intentionally use it to transfer(do transactions) after August 01,2014.

TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
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July 27, 2014, 12:12:31 PM
 #3786

Karma 0.8.6.5. release - you must use this, instead.

Apologies, but everyone who updated to version 0.8.6.4 will need to upgrade to 0.8.6.5

Please see: http://www.reddit.com/r/KarmaTeam/comments/2buq5m/mandatory_upgrade_wallet_to_0865_new_as_of_july/

Goodomy ["GOOD"] token here ∞ Rewards for customers of 700,000 retail stores in the US and millions more around the world
p4r4m0un7
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July 27, 2014, 02:19:30 PM
 #3787

Karma 0.8.6.5. release - you must use this, instead.

Apologies, but everyone who updated to version 0.8.6.4 will need to upgrade to 0.8.6.5

Please see: http://www.reddit.com/r/KarmaTeam/comments/2buq5m/mandatory_upgrade_wallet_to_0865_new_as_of_july/


Thank you! Fingers crossed, so everything goes smooth like every time until now. Changing the game is very difficult exercise. I will make sure that all pools are informed - DONE. After the fork I will make sure that scrypt is changed to X11 everywhere.
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July 27, 2014, 02:46:03 PM
 #3788

Did you know this site?
http://www.kiva.org/

It is awesome.
It allows giving loans to people in need around the world.

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p4r4m0un7
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July 27, 2014, 02:51:14 PM
 #3789

Dont be worried. We implement X11 and the other features exactly to prevent such an attack. Asic-proof is only a side effect.

However, dear Karmenions.

Please donate a bit to our charity. We are at 84% of our goal

http://karmafund.me/




You must be mistaken. Wink As far as I can see you have reached the goal. Sure we can make a poll, but I think a price of 30 satoshi will be needed before we exchange the coins. Meanwhile we can continue acquiring donations.

YES YOU ARE SO RIGHT WE REACHED THE GOAL (but this was after the post). Ok, we make a poll. Your post allready indicated two parameters:
1. wait until 30 sats
2. increase the goal and continue the fundraiser (although we need a Karma goal for it too)

Please, everybody else is invited to state their parameters for this. It will all end up in the poll.

I`ve stated before that I will not donate to causes anymore, but I like this one.  Smiley
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July 27, 2014, 02:54:18 PM
 #3790

Reminder! There is 100 000 KARMA waiting for someone who is natural russian speaker. Only first page here is to be translated. If you are a russian fellow and you are interested, PM me or easteagle13. Друзья, ну помогите нам.  Smiley

Not Russian, but Swedish translator here that has found a big interest in Karm....

Unfortunately we don't have Cyrillic letters Smiley

Great! There is a Skandinavisk section in the forum and also as far as I know, Norway, Denmark and Sweden have mutually intelligible languages. So, please, when you have time, make the translation to swedish and then please pm easteagle13. 100 000 KARM will come to you. Thank you!

I hope oneoff didn`t resigned with the swedish translation of OP. No news from him until now. Embarrassed

BTW: News section is missing. Is it by mistake or..
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July 27, 2014, 03:31:43 PM
 #3791

MANDATORY WALLET UPGRADE

version 0.8.6.4 (X11 hard fork)

Everyone must upgrade by July 31, 2014.

see http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722

Should we take this opportunity and make our coin even better by promoting p2p pools only?

anyone up to the task to create a p2p pool for x11 for us all to mine karma?

karma.p2pool.altcoin.dk will switch to x11 on block 255k. i've already run tests on stratum. just waiting for block to come up.
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July 27, 2014, 03:45:49 PM
 #3792

MANDATORY WALLET UPGRADE

version 0.8.6.4 (X11 hard fork)

Everyone must upgrade by July 31, 2014.

see http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722

Should we take this opportunity and make our coin even better by promoting p2p pools only?

anyone up to the task to create a p2p pool for x11 for us all to mine karma?

karma.p2pool.altcoin.dk will switch to x11 on block 255k. i've already run tests on stratum. just waiting for block to come up.

thank you ACG. i secretly wanted you to lead the p2p pools so i am glad to hear your all ready !

looking for C++ coders , web-dev and coin-devs to join karmacoin team. We are trying to expand. we have so many goals. Challenge accepted?  PM me.
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July 27, 2014, 03:53:07 PM
 #3793

MANDATORY WALLET UPGRADE

version 0.8.6.4 (X11 hard fork)

Everyone must upgrade by July 31, 2014.

see http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722

Should we take this opportunity and make our coin even better by promoting p2p pools only?

anyone up to the task to create a p2p pool for x11 for us all to mine karma?

karma.p2pool.altcoin.dk will switch to x11 on block 255k. i've already run tests on stratum. just waiting for block to come up.

thank you ACG. i secretly wanted you to lead the p2p pools so i am glad to hear your all ready !
this time around i will make sure to put the p2pool source on github so everyone can create their own pools that run on the same network. Smiley

https://github.com/altcoingood/karmap2pool is the url but i have not uploaded the x11-version yet.
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July 27, 2014, 06:50:15 PM
 #3794

MANDATORY WALLET UPGRADE

version 0.8.6.4 (X11 hard fork)

Everyone must upgrade by July 31, 2014.

see http://karmashares.com/forums/index.php/topic,504.msg2722.html#msg2722

Should we take this opportunity and make our coin even better by promoting p2p pools only?

anyone up to the task to create a p2p pool for x11 for us all to mine karma?

karma.p2pool.altcoin.dk will switch to x11 on block 255k. i've already run tests on stratum. just waiting for block to come up.

thank you ACG. i secretly wanted you to lead the p2p pools so i am glad to hear your all ready !
this time around i will make sure to put the p2pool source on github so everyone can create their own pools that run on the same network. Smiley

https://github.com/altcoingood/karmap2pool is the url but i have not uploaded the x11-version yet.

Cool.
Glad you took the initiative to do this.

In that case I do not need to upgrade my pool to x11 in the near future.
Please remove the my pool "pool.terahashers.com" from the Karma pool list.

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Chargin
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July 27, 2014, 07:01:34 PM
 #3795

I think we need to do more to make sure we will have enough miners when we transition to x11. By my estimates based on the block rewards we should be on 5 GH/s shortly after the change over based on today's Karma prices. That's roughly 5% of DRKs hashing power, the biggest x11 cryptocurrency. I haven't checked those numbers though, I could have easily made a mistake and be off by a factor of 2 to 1,000.  Tongue

Have we told the mining profitability sites about the change?

Have we made sure the exchanges are freezing deposits/withdrawals for a while before and after the change over?

Do miners have all the information they need?

Is now a good time to ask exchanges for things like changing KARM to KARMA (mintpal has 5 letter PANDA, why not Karma)?

Is now a good time to ask exchanges to price Karma against BTC in sets of 1,000 instead of 1?

Chargin.

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July 27, 2014, 07:15:49 PM
 #3796

To elaborate on the above re exchanges trading Karma against BTC in sets of 1000.

Exchanges: Price Karma in lots of 1,000 in Bitcoin


What does this mean?

Instead of Karma being put on the market as a single Karma it could be sold in sets of 1,000. This still means you can sell units of 0.00001 Karma, just not 0.00000001 Karma.

This is very distinct from decreasing the number of Karma via a hard fork although it has the same advantages and could be done around the same time without actually having to change the amount of Karma in existence.

The 0.00001 Karma (being the minimum tradable fraction) of Karma under the proposed change is worth approximately $0.0000000015USD at today’s market rates.

When I last checked there was an actual minimum limit on Mintpal for Karma sales of around 10,000 Karma however this may be based on price and could be there as a transaction spam / exchange fee avoidance countermeasure.

Basically instead of exchanges listing Karma for sale as follows:
Amount: 0.00000000 (limit 8 decimal places)
Price per Karm: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)

It would be:
Amount: 0.00000 (limit 5 decimal places)
Price per 1,000 Karma: 0.00000000 (limit 8 decimal places)
Total: 0.00000000 (limit 8 decimal places)

Under sell orders/buy orders this would change from:
Price (BTC) / Karm / BTC
To:
Price per 1,000 Karma (BTC) / Karma / BTC

The amount of Karma displayed in accounts should be kept the same.

Why the change?

As at the time of writing this 1 Karma is selling for 0.00000002 to 0.00000003 Bitcoins. The smallest fraction of a Bitcoin is called a Satoshi. Karma is trading at 2 to 3 Satoshi. This means theoretically, on the spread, you can either sell your Karma then rebuy 50% more or you can buy Karma and then sell it for 50% more or similar. This will occur no matter the price of Karma, just as the price goes up the margins will get slimmer as the market becomes more granular, ie the difference between prices is less. Even at 40 to 41 Satoshi there is a margin of 2.5%, roughly 10 times more than the exchanges themselves take.

This isn’t healthy for the market. The only way these orders can work is if the price is stable enough for you to both complete your sell order and your rebuy order.

This encourages people to attempt to lock in Karma between a certain price range and also encourages the creation of wall. This is because some people may be putting up a sale expecting that they can then rebuy at a fraction of the price, which may even be on alternate market, for example a Litecoin market.

When price movement is hampered there is less volume in the markets and less interest in Karma.

Benefits of change, buyers/sellers:
Can buy or sell higher at market rates without having to either “wait in line” or sell at far less than it would cost to buy or vice versa.

Benefits of change for exchanges:
More market activity caused by the change means more turn over and more exchange fees.

As one of the first adopters, your exchange will both have Karma for sale at cheaper rates and people will be able to sell Karma for more. This will increase volume on your market for people that want to trade at market rates and not have to wait “in line” for their trade to be executed a decent price.

Implementing the change may be subsidised by the Karma community.

Limitations to current countermeasures to the problem:
Under the current system alternate markets (primarily Litecoin) are being used to trade Karma at a more granular rate while the price is being locked in on the Bitcoin market.

However, this is considered by many to be an inconvenience and still only offers limited protection against sell and buy walls that form on the Bitcoin market.

Suggested implementation for exchanges:
1. Make the relevant notices to customers;
2. Suspend trading on the Karma/BTC market;
3. Back up data;
4. Make the relevant changes to the displays on the market order page;
5. Cancel all orders on the market;
6. Make changes to the order database if required; and
7. Put the buy/sell orders back onto the market to 5 decimal places instead of 8. This should result in a very small decrease to buy/sell orders on the market.

Other solutions:
Mintpal is the only major exchange for Karma that would have trouble implementing this because they have already opened the Bitcoin/Karma market. New exchanges (or exchanges without Karma markets) could implement this system without having to worry about current orders.

Vote to get Karma listed on this exchange: https://hitbtc.com/vote (sign up to get a vote for 10 points, vote once every 24 hrs)
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July 27, 2014, 09:29:44 PM
 #3797

I don`t understand why the exchanges will agree to do this.
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July 27, 2014, 10:28:00 PM
 #3798

I think this is a bad idea.

Keep building value for Karma..and the price will adjust accordingly. All these shenanigans to try to affect short term price are counterproductive. 

peace
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July 28, 2014, 03:34:54 AM
 #3799

Reminder! There is 100 000 KARMA waiting for someone who is natural russian speaker. Only first page here is to be translated. If you are a russian fellow and you are interested, PM me or easteagle13. Друзья, ну помогите нам.  Smiley

Not Russian, but Swedish translator here that has found a big interest in Karm....

Unfortunately we don't have Cyrillic letters Smiley

Great! There is a Skandinavisk section in the forum and also as far as I know, Norway, Denmark and Sweden have mutually intelligible languages. So, please, when you have time, make the translation to swedish and then please pm easteagle13. 100 000 KARM will come to you. Thank you!

I hope oneoff didn`t resigned with the swedish translation of OP. No news from him until now. Embarrassed

BTW: News section is missing. Is it by mistake or..

Ops, I have missed the replay. Sorry p4r4m0un7
I'll post a message to easteagle13.

It's quite right that the Scandinavian languages are quite similar. Some grammar and words differ, but it is possible for a Danish and Norwegian to read/understand Swedish. Some travel agencies use a "Scandinavic language" which is a mix of these tree languages. But this is nothing I have practiced.

Maybe I should code a Tipping bot, instead of these well-known DDos bots. I would tip your Wallets until these were overloaded.
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July 28, 2014, 04:36:40 AM
 #3800

249k block out of 255k blocks until x-11 fork.

i cant wait.

so excited
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