[ANN][KARM] Karma / ₭ / X11

[socoban]

Excellent quality post!

But you are wrong about one thing.
The Karma team members do not own 50% of the coin.
I believe its not even close to that (maybe not even 10%... but I can not be sure of this).

I know some forum users that hold more than 1 billion coins and they are doing absolutely nothing to help the development of Karma.
Those are the ones, like you said, that should help by paying Karma to the ones that are doing the work, because they are the ones that are going to benefit more from the success of the Karma projects.

I know you mean well, but the fact is, no one has the right to tell anyone else how he/she should handle the coins they have no matter how much or how little. They can give them all away or they can keep every one of them. (We all hope though they will care enough to help out as a believer in Karma's core principle of doing good.)

But we actually have "budget" that is the reason of the coins exchanged for shares so that Karma/Karmashares can have developmental budget. We only have to decide as shareholders when to actually use it. By the looks of it, we should decide NOW. We need so many things to move our iPOCOs forward and to complete the technical necessities of Karma.
We need talented and devoted karma people. But they don't come free.

This is a quote from Karmashares LLC

"Karmashares LLC is the operating entity of Karma, the Bitcoin and Litecoin-like digital currency that is based on "doing good". It is currently forming in the state of Wyoming, USA, for purposes of creating long term value for holders of Karma by developing revenue-generating products and services."

I agree with you, Karmashares LLC is company owning around 15% of all KARM. It is its largest asset. KarmaShares should create project, paid by KARMA which will have only 1 task. To create profitable backbone of wallets, APIS, servers, tools, documentation and examples how to use KARM. That service should earn huge amount of money from fees in the future. Coinbase/ Bitpay / Blockchain.info earn lot of money from fees. This should be taken as serious bussiness with main goal to earn on KARM. If they got 20%-50% budget of all KARM owned by KARMASHARES, thay will make the rest coins multiple times more expensive. Funny part is, that it is really easy.

We just need to take bitcoin libraries, modify them for KARM and that is all. We will profit on bitcoin services the best possible way. All the POS coins, all the new experiments are doing stupid decision. The more different from BTC they are, the more impossible is to reuse current libraries. Every BTC library was developed by lot of skilled devs, tested by thousands of users. None from us can do that on our own. But we can take it, and modify it for KARM. We are lucky that KARM is not POS, I would not be able to modify insight explorer for KARM than. We need to stay as close to BTC as possible.  NEXT coin is awesome, but they will not be the future. People do not want staff with billion functionalities, it is too complicated. They always pay for easy to use products, with very few functionality and cool design. They will use coins with nice wallets and nice logo rather than coins with all the possible features they do not need.

KarmaShares LLC can make shitload of money on fees if they create centralized KARMA services. Of course, anyoone can create their own services with published libraries, but KarmaShares will be most trusted and always the first choice.

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[pdogg147]

I do not see it fit to release any news that may move markets without a way to track transactions

Thats not good news thats horrable

There is a way to track transaction. I finished today KARMA explorer. it is 100% functional: http://162.243.209.71:3000/
I will let it be online until I do not install fresh install for Kosmost. It shows everything we need for trancking. We just need to move it to new server, that is all.

There were few bugs with syncing and transactions, I fixed it. It shows now KARM sign everywhere. Another problem was block reward, It shows block rewards correctly for every block starting from block 29000, before they were random and I can't see easy way, how to extract that info.

When I will have spare 2 hours, I will reinstall it to new server and than give access to Kosmost.

Socoban, everything is great! Some logos would be fine, though.
Just one thing, BTC ticker still shows up in Latest transactions.

My wallet balance doesn't appear to be correct when I enter it into the explorer.  Can other folks check their addresses to verify that the explorer is showing all coins?

[easteagle13]

I do not see it fit to release any news that may move markets without a way to track transactions

Thats not good news thats horrable

There is a way to track transaction. I finished today KARMA explorer. it is 100% functional: http://162.243.209.71:3000/
I will let it be online until I do not install fresh install for Kosmost. It shows everything we need for trancking. We just need to move it to new server, that is all.

There were few bugs with syncing and transactions, I fixed it. It shows now KARM sign everywhere. Another problem was block reward, It shows block rewards correctly for every block starting from block 29000, before they were random and I can't see easy way, how to extract that info.

When I will have spare 2 hours, I will reinstall it to new server and than give access to Kosmost.

Socoban, everything is great! Some logos would be fine, though.
Just one thing, BTC ticker still shows up in Latest transactions.

My wallet balance doesn't appear to be correct when I enter it into the explorer.  Can other folks check their addresses to verify that the explorer is showing all coins?

I tried transaction ID and it appeared ok.

[socoban]

I do not see it fit to release any news that may move markets without a way to track transactions

Thats not good news thats horrable

There is a way to track transaction. I finished today KARMA explorer. it is 100% functional: http://162.243.209.71:3000/
I will let it be online until I do not install fresh install for Kosmost. It shows everything we need for trancking. We just need to move it to new server, that is all.

There were few bugs with syncing and transactions, I fixed it. It shows now KARM sign everywhere. Another problem was block reward, It shows block rewards correctly for every block starting from block 29000, before they were random and I can't see easy way, how to extract that info.

When I will have spare 2 hours, I will reinstall it to new server and than give access to Kosmost.

Socoban, everything is great! Some logos would be fine, though.
Just one thing, BTC ticker still shows up in Latest transactions.

Where is the BTC ticker, can you send me a picture? I don't see any BTC strings on the explorer. Maybe you have not cleared cache, since you visited it the last time, when there was BTC sign.

I am not a designer, I will definitelly not add any logo there. I hate HTML and CSS. I am programming in java for 15+ years, so I really do not want to play with CSS:)  Feel free to modify it, I am sure Kosmost will publish your logo there, if you create some which fits.

[pac]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

[marcoman22]

working great for me.

[pdogg147]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

[ryannguyen18]

So...
I've had this curiosity for a few months already.
If i wanted to develop for cryptos (be it a exchange, an api, a wallet or the code of a coin), what should I start learning?
Is there an specific language to do it?
Thanks in advance.

I think C++ and Javascript would be good starting points.

and also Java...

[socoban]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

[DStefanov]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

Me too there is a difference in the balance of the wallet and the explorer! Not great, but it exists!

[pdogg147]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

Sent you a PM.  I rechecked and the explorer says the same thing.

[Kennet_h]

Excellent quality post!

But you are wrong about one thing.
The Karma team members do not own 50% of the coin.
I believe its not even close to that (maybe not even 10%... but I can not be sure of this).

I know some forum users that hold more than 1 billion coins and they are doing absolutely nothing to help the development of Karma.
Those are the ones, like you said, that should help by paying Karma to the ones that are doing the work, because they are the ones that are going to benefit more from the success of the Karma projects.

I know you mean well, but the fact is, no one has the right to tell anyone else how he/she should handle the coins they have no matter how much or how little. They can give them all away or they can keep every one of them. (We all hope though they will care enough to help out as a believer in Karma's core principle of doing good.)

But we actually have "budget" that is the reason of the coins exchanged for shares so that Karma/Karmashares can have developmental budget. We only have to decide as shareholders when to actually use it. By the looks of it, we should decide NOW. We need so many things to move our iPOCOs forward and to complete the technical necessities of Karma.
We need talented and devoted karma people. But they don't come free.

This is a quote from Karmashares LLC

"Karmashares LLC is the operating entity of Karma, the Bitcoin and Litecoin-like digital currency that is based on "doing good". It is currently forming in the state of Wyoming, USA, for purposes of creating long term value for holders of Karma by developing revenue-generating products and services."

I agree with you, Karmashares LLC is company owning around 15% of all KARM. It is its largest asset. KarmaShares should create project, paid by KARMA which will have only 1 task. To create profitable backbone of wallets, APIS, servers, tools, documentation and examples how to use KARM. That service should earn huge amount of money from fees in the future. Coinbase/ Bitpay / Blockchain.info earn lot of money from fees. This should be taken as serious bussiness with main goal to earn on KARM. If they got 20%-50% budget of all KARM owned by KARMASHARES, thay will make the rest coins multiple times more expensive. Funny part is, that it is really easy.

We just need to take bitcoin libraries, modify them for KARM and that is all. We will profit on bitcoin services the best possible way. All the POS coins, all the new experiments are doing stupid decision. The more different from BTC they are, the more impossible is to reuse current libraries. Every BTC library was developed by lot of skilled devs, tested by thousands of users. None from us can do that on our own. But we can take it, and modify it for KARM. We are lucky that KARM is not POS, I would not be able to modify insight explorer for KARM than. We need to stay as close to BTC as possible.  NEXT coin is awesome, but they will not be the future. People do not want staff with billion functionalities, it is too complicated. They always pay for easy to use products, with very few functionality and cool design. They will use coins with nice wallets and nice logo rather than coins with all the possible features they do not need.

KarmaShares LLC can make shitload of money on fees if they create centralized KARMA services. Of course, anyoone can create their own services with published libraries, but KarmaShares will be most trusted and always the first choice.

I completely agree, this would do great things for our coin!

[socoban]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

Sent you a PM.  I rechecked and the explorer says the same thing.

Ok, it seems explorer is working fine. We discussed the issue and problem was, that he did not know wallet is using internal adresses. So he thought, there is some special transaction spending his money. It was just his wallet sending KARM to his another address.  Mystery solved:)  So are there any other complains?

[pdogg147]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

Sent you a PM.  I rechecked and the explorer says the same thing.

Socoban looked into this and explained the reason for the discrepancy in the wallet balances.  He can best explain why some balances are different but it has to do with internal wallet management.  To verify, I sent some Karma to the address and the wallet said "payment to yourself".

Thanks Socoban for the explanation.

[ptman]

YES i did? not sure what you are referring to THE massive dump rumors or the part of looking at explorers for the last month.... we still waiting?

Dump?
Where?

If you know of someone dumping please tell me because I would like to buy at discount prices!

@ptman I just "dumped" 200k on you, at the cheapest price

Thanks!

[socoban]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

Sent you a PM.  I rechecked and the explorer says the same thing.

Socoban looked into this and explained the reason for the discrepancy in the wallet balances.  He can best explain why some balances are different but it has to do with internal wallet management.  To verify, I sent some Karma to the address and the wallet said "payment to yourself".

Thanks Socoban for the explanation.

Almost nobody knows that BTC/KARM wallets work this way. It is internal feature and people do not know how many addresses are owned by their wallets. They simply do not need too know that. The problem starts, when they backup wrong keys. Always backup the whole wallet file, exporting keys is not enough, you can easyly end up exporting keys for empty addresses.

[easteagle13]

New Karma Explorer Up! Published:

http://www.reddit.com/r/KarmaTeam/comments/2d3avw/karma_explorer_is_up_karma/

Thanks again socoban.

Time to buy Karma people. Buy.

[Vlad2Vlad]

I hope we start to go back up soon c

Most of my alts have crashed HARD!

[DStefanov]

checked 3 addresses for you pdogg147; 2 are fine, 1 is off.

Yeah, I checked every transaction ID from my wallet and there appears to be a rogue transaction showing on the explorer that got added to my last transaction and is sitting in another wallet to the tune of 8,000,000+ Karma.  My wallet is correct, but the explorer is showing this extra transfer???

Write me more details. I will check it with karma client on blockchain. I restarted tha texplorer multiple times. There could be corrupted data. If those data are on blockchain correctly and wrong on explorer, I will resync it, it should fix it.

Sent you a PM.  I rechecked and the explorer says the same thing.

Ok, it seems explorer is working fine. We discussed the issue and problem was, that he did not know wallet is using internal adresses. So he thought, there is some special transaction spending his money. It was just his wallet sending KARM to his another address.  Mystery solved:)  So are there any other complains?

The balance in my wallet /xxxxxx161.97425805 KARM/ is not the same as in Explorer /xxxxxx126.31866205 KARM/ !!! What caused this difference?

[socoban]

I hope we start to go back up soon c

Most of my alts have crashed HARD!

Welcome on board. I lost lot of money last 6 months. I decided not to invest in coins any more. Karm is the only exception. It is much better to invest into Crypto services than into coins themself. Crypto is the future,but noone knows which coins will be successful. But crypto services will be earning money always, doesn't matter what price the coins are. Hence, Karma is good investment, if KarmaShares does it right and build the services KARMA need.