[ANN][KARM] Karma / ₭ / X11

[ptman]

"The Developing World: Karma's opportunity for Tremendous Growth via the Karma and KarmX blockchains"

http://www.reddit.com/r/KarmaTeam/comments/2d7ww5/the_developing_world_karmas_opportunity_for/

An exploration of Karma's likely biggest market: where people need it most

I think that is a very good direction for Karma/KamX.

Now we have to think about how can we make that happen!

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[zxc003]

ATTENTION PLEASE. I AM GIVING 1 000 000 (ONE MILLION) KARMA FOR OUR COMMUNITY MEMBER (NOT PART OF THE TEAM) WHO WILL ANNOUNCE BLOCK 255 000 HERE AND PROVE BY PICTURE THAT HE IS MINING ON BLOCK 270 000. SO ALL YOU HAVE TO DO IS FOLLOW THE BLOCKS AND THE THREAD, POST HERE SOMETHING LIKE "255 000 ARRIVED" AND AFTER 270 000 BLOCK YOU HAVE TO POST A PICTURE OF YOUR RIG MINING KARMA. THAT IS ALL. I SUGGEST SOMEONE FROM KARMATEAM TO BE ARBITER.

There is my rig mining Karm:

You can see Teamviewer with sgminer and other info in browser page.

[p4r4m0un7]

Looks good. I guess now we are waiting UrsaMajorisBeta to provide screens.

[zxc003]

Looks good. I guess now we are waiting UrsaMajorisBeta to provide screens.

If i win, please donate my reward to Saving Innocence.

[tekke]

This is me mining , a bit over block 270000 

[UrsaMajorisBeta]

Looks good. I guess now we are waiting UrsaMajorisBeta to provide screens.

Yes please, just wait until i come back home!

This is my mining address. I've been mining since karma forked to x11. When i reach home i'll provide further proof of my rig hashing the karma out of it !

http://162.243.209.71:3000/address/KFqrGVjWLBvRXMAGbaCNkUDqGkrimZhZbL

[kosmost]

The new Insight Karma block chain explorer is up and running at http://107.170.49.162

Once explorer.karmacoin.me resolves to it and it is confirmed working ok we will announce it officially.

Thanks, socoban for all your hard work. And KarmaKaGuy for putting it up on our server!

socoban - please provide us with your Karma and BTC addresses so we can tip you

[karmala]

Looks good. I guess now we are waiting UrsaMajorisBeta to provide screens.

If i win, please donate my reward to Saving Innocence.

Thank you! That is very kind of you.

As a side note for the running saving innocence fundraiser on http://karmafund.me/ , I have programmed a live update of Karma donations on karmafund.me. You can see your donation increasing the fund as soon as your Karma donation is confirmed on the chain (have to work on the bitcoin live update and conversion rates though). Try it with some small donations and just refresh the page after your transaction is confirmed on the block explorer (for now http://107.170.49.162 but very soon on explorer.karmacoin.me).

KarmaKaguy

[ptman]

The new Insight Karma block chain explorer is up and running at http://107.170.49.162

Once explorer.karmacoin.me resolves to it and it is confirmed working ok we will announce it officially.

Thanks, socoban for all your hard work. And KarmaKaGuy for putting it up on our server!

socoban - please provide us with your Karma and BTC addresses so we can tip you

Fantastic

[ShawnLeary]

Thinking outside the box a little on this one, but still wanted to share and get some feedback.  I have been a supporter/investor in NXT since last December.  They have a great community of very passionate devs and watching them develop NXT over the past nine months reminds me of what Bitcointalk used to be back in the Satoshi days (when I go back and read those threads, I wasnt there).  Anyway, there is a movement inside NXT to try and "help" other coins that want to add more robustness to their current platform.  Its very much the approach of say and Intel Inside campaign, but instead, its a Nxt Powered or Nxt Inside.  This wouldn't involve burning of any Karma coins or anything destructive to our current X11 or blockchain.  This would be essentially a merging of wallets and creating better access to features not available within Karma, but could be easily with a partnership with Nxt.

Recently we have seen Doge finally partnering with Litecoin for merge mining.   Redd has been tweaking their PoSv or what have you in hopes of continuing the fight.  My idea is just a concept at this point, and something I cannot claim to have thought of.  Recently it was mentioned here https://nxtforum.org/index.php?topic=85.msg78710#msg78710

I initially thought that this would mean we would have to burn Karma coins to partner with Nxt, so I contacted James to see what a partnership with would entail, and here was his reply:

"There is no need to burn anything!
I am working on modifying the standard NXT GUI, ok longzai is, to allow it to be reskinned and automatically link a bitcoin type address to a NXT address.
So, all you should need to do is:
1) Add a button to QT to open webpage to 127.0.0.1:7876 and maybe we can even make it automatically login

Now the user is seeing a NXT type GUI, but reskinned to your coin. Also, NXTservices like Teleport, InstantDEX, tradebots, Privatebet, etc. will be easily accessible. I am making it so that people that run nodes will get dividends proportional to the business they bring in. So, your coin can get all the NXT 2.0 features by rebranding NXT and bundling it and your coin holders can earn dividends for getting all these new features.

Pretty cool, dont you think?

James"

Anyway, just wanted to throw this out there.  I feel like Karma needs a little help at this point to make this ship take off again.  At first it would appear to help Nxt more than it would us, but unless we are satisfied with just being a Litecoin clone, we need to make some serious gameplans and execute in the coming months to survive.

Shawn

[UrsaMajorisBeta]

Looks good. I guess now we are waiting UrsaMajorisBeta to provide screens.

Thank you a lot for waiting me until now!
This is my supermegarig   mining karma during block 27000



My local time is UTC -05.
As you can see, i'm supporting the network since karma forked. Go karma!

[Alphi]

Thinking outside the box a little on this one, but still wanted to share and get some feedback.  I have been a supporter/investor in NXT since last December.  They have a great community of very passionate devs and watching them develop NXT over the past nine months reminds me of what Bitcointalk used to be back in the Satoshi days (when I go back and read those threads, I wasnt there).  Anyway, there is a movement inside NXT to try and "help" other coins that want to add more robustness to their current platform.  Its very much the approach of say and Intel Inside campaign, but instead, its a Nxt Powered or Nxt Inside.  This wouldn't involve burning of any Karma coins or anything destructive to our current X11 or blockchain.  This would be essentially a merging of wallets and creating better access to features not available within Karma, but could be easily with a partnership with Nxt.

Recently we have seen Doge finally partnering with Litecoin for merge mining.   Redd has been tweaking their PoSv or what have you in hopes of continuing the fight.  My idea is just a concept at this point, and something I cannot claim to have thought of.  Recently it was mentioned here https://nxtforum.org/index.php?topic=85.msg78710#msg78710

I initially thought that this would mean we would have to burn Karma coins to partner with Nxt, so I contacted James to see what a partnership with would entail, and here was his reply:

"There is no need to burn anything!
I am working on modifying the standard NXT GUI, ok longzai is, to allow it to be reskinned and automatically link a bitcoin type address to a NXT address.
So, all you should need to do is:
1) Add a button to QT to open webpage to 127.0.0.1:7876 and maybe we can even make it automatically login

Now the user is seeing a NXT type GUI, but reskinned to your coin. Also, NXTservices like Teleport, InstantDEX, tradebots, Privatebet, etc. will be easily accessible. I am making it so that people that run nodes will get dividends proportional to the business they bring in. So, your coin can get all the NXT 2.0 features by rebranding NXT and bundling it and your coin holders can earn dividends for getting all these new features.

Pretty cool, dont you think?

James"

Anyway, just wanted to throw this out there.  I feel like Karma needs a little help at this point to make this ship take off again.  At first it would appear to help Nxt more than it would us, but unless we are satisfied with just being a Litecoin clone, we need to make some serious gameplans and execute in the coming months to survive.

Shawn

I would support this move just as long as KARMA doesn't become dependant on any coin or services for its own survival.

If you take the DogeCoin Litecon move for example.. the merged mining is implemented in such a way that, should litecoin or dogecoin fail completely, it will have no effect on the other because you will still be able to mine with the same software and continue making transactions etc.

If an NXT wallet was to implement Karma integration without altering the Karma blockchain and still allowing users to use the Karma wallet if they wish then there wont be much of an issue.

I am aware that recently NXT had a near death experience when one of its whales got robbed and many NXT were stolen (thankfully one of the exchanges was able to freeze the thieves account and return some of the coins). Because NXT is a POS style system if the majority of coins used for forging gets stolen or borrowed then the network becomes compromised beyond repair..
This is also what recently happened to VRC... the apparent ease with which a single hacker can destroy the integrity of POS coins has me deeply concerned about moving in that direction.

That being said however.. if Karma just becomes just another asset being traded on the NXT exchanges and a huge chunk of Karma gets lost if NXT collapses.. then I am not so worried at all because it takes a whole chunk of coins out of circulation. which means the value of everyone else's karma goes up.

Also what we are witnessing right now with Mintpal is coins that are too dependant on exchanges and have very little grass roots support are being delisted and facing death by lack of liquidity.

what we should learn from the events of the past few months is that in order for a coin grow and be successful it must be as diverse as possible and not rely too heavily on services which could abandon the coin or collapse at any moment.

[Chargin]

That being said however.. if Karma just becomes just another asset being traded on the NXT exchanges and a huge chunk of Karma gets lost if NXT collapses.. then I am not so worried at all because it takes a whole chunk of coins out of circulation. which means the value of everyone else's karma goes up.

I'm not sure how NXT works or how Karma would be taken out of circulation but if an exchange like Mintpal with multiple currencies were to collapse and a formal appointment was made to the collapsed entity it would most likely mean that all the coins on that exchange would be put up for sale. For Karma that would mean over 10 billion Karma would go up for sale.

Chargin.

[Alphi]

That being said however.. if Karma just becomes just another asset being traded on the NXT exchanges and a huge chunk of Karma gets lost if NXT collapses.. then I am not so worried at all because it takes a whole chunk of coins out of circulation. which means the value of everyone else's karma goes up.

I'm not sure how NXT works or how Karma would be taken out of circulation but if an exchange like Mintpal with multiple currencies were to collapse and a formal appointment was made to the collapsed entity it would most likely mean that all the coins on that exchange would be put up for sale. For Karma that would mean over 10 billion Karma would go up for sale.

Chargin.

with a fully registered centralized exchange controlled by a legal entity that's partially true...
however a lot of these exchanges are not registered businesses and then they collapse the operators simply disappear.

does anyone know what happened to the coins that were on coinmarket.IO or cryptorush?  sure they might have been sold on the black market but they could have just as easily been moved into cold storage where they can't be traced (ie taken out of circulation).

as for the nxt decentralized exchange I am not a NXT exchange guru but one would assume that if the tokens that control those coins are lost ie. if the network is disabled/disbanded or compromised then the Assets they represent can also be considered lost.

in other words.. if you list or trade an asset on any exchange, you have to give up complete control of that asset.
if that exchange is decentralized and its underlying blockchain fails for whatever reason, then all assets controlled by that exchange are considered non transferable. this is because every trade or transfer of assets etc is done on the block chain itself, so no blockchain no transactions (nothing in, nothing out, nothing recovered), unlike a centralized exchange where all trades are done off block chain.

now you could argue that the devs could simply roll back the blockchain like VRC did to save their network.. and yes they can.. but if they do it once then they open pandoras box and shake community faith in the network itself so its catch 22.. damned if they do and damned if they don't.

the bottom line for me is...

do I want all my Karma being placed on another network and relying solely on it for security?   Not really..
do I care if people put their Karma on another network and rely on it for their security? Not really..

[karmala]

Thinking outside the box a little on this one, but still wanted to share and get some feedback.  I have been a supporter/investor in NXT since last December.  They have a great community of very passionate devs and watching them develop NXT over the past nine months reminds me of what Bitcointalk used to be back in the Satoshi days (when I go back and read those threads, I wasnt there).  Anyway, there is a movement inside NXT to try and "help" other coins that want to add more robustness to their current platform.  Its very much the approach of say and Intel Inside campaign, but instead, its a Nxt Powered or Nxt Inside.  This wouldn't involve burning of any Karma coins or anything destructive to our current X11 or blockchain.  This would be essentially a merging of wallets and creating better access to features not available within Karma, but could be easily with a partnership with Nxt.

Recently we have seen Doge finally partnering with Litecoin for merge mining.   Redd has been tweaking their PoSv or what have you in hopes of continuing the fight.  My idea is just a concept at this point, and something I cannot claim to have thought of.  Recently it was mentioned here https://nxtforum.org/index.php?topic=85.msg78710#msg78710

I initially thought that this would mean we would have to burn Karma coins to partner with Nxt, so I contacted James to see what a partnership with would entail, and here was his reply:

"There is no need to burn anything!
I am working on modifying the standard NXT GUI, ok longzai is, to allow it to be reskinned and automatically link a bitcoin type address to a NXT address.
So, all you should need to do is:
1) Add a button to QT to open webpage to 127.0.0.1:7876 and maybe we can even make it automatically login

Now the user is seeing a NXT type GUI, but reskinned to your coin. Also, NXTservices like Teleport, InstantDEX, tradebots, Privatebet, etc. will be easily accessible. I am making it so that people that run nodes will get dividends proportional to the business they bring in. So, your coin can get all the NXT 2.0 features by rebranding NXT and bundling it and your coin holders can earn dividends for getting all these new features.

Pretty cool, dont you think?

James"

Anyway, just wanted to throw this out there.  I feel like Karma needs a little help at this point to make this ship take off again.  At first it would appear to help Nxt more than it would us, but unless we are satisfied with just being a Litecoin clone, we need to make some serious gameplans and execute in the coming months to survive.

Shawn

I was  allways a friend of coin cooperation. Could you take the initiative and outline more details of such an endeavour to better estimate its potential  impact? Thanks.

[crocko]

Fantastic ! only 1 Satoshy on Mintpal 

[kosmost]

Insight block explorer online for Karma at http://explorer.karmacoin.me

insight is an open-source Bitcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by bitcoind RPC.

[Vlad2Vlad]

Fantastic ! only 1 Satoshy on Mintpal 

Oh man, that means it's about to drop on Cryptsy since it's traded in LTC there which means quite a bit of room left for a free-fall.  Looks like no alts are safe right now.

[kosmost]

As promised...

Final offer received for Lill: http://karmashares.com/forums/index.php?topic=559.msg3085#msg3085

[clayop]

Insight block explorer online for Karma at http://explorer.karmacoin.me

insight is an open-source Bitcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by bitcoind RPC.

In this site, the block is shown as orphaned.
http://162.243.209.71:3000/ is OK.