[ANN][KARM] Karma / ₭ / X11

[ShawnLeary]

if you want to trade swings, don't forget to take some profits...
the dumpers will probably be on later tonight US time...

if you just want to sit back and enjoy the ride then feel free...

holding, hands in pocket.  not selling any until 100 satoshi

[karmala]

if you want to trade swings, don't forget to take some profits...
the dumpers will probably be on later tonight US time...

if you just want to sit back and enjoy the ride then feel free...

mhh you did not get it quite.... i try  to get all my ppc into it now. This is definitively a pre-pump.... I dont like pumps but they are a reality...

[cryptowho]

coin warz is not answering my email. Must be busy

please tweet them this :

@CoinWarz  Please update the Karmacoin info. We have changed the name to Karma new block explorer, statick blocks https://bitcointalk.org/index.php?topic=579973



Here is our karmacoin info there. http://www.coinwarz.com/cryptocurrency/coins/karmacoin

Your encourage to shoot them an email too : )

pelase contact coinwarz. we need exposure.

its a site a lot of people go to. time we show up on top there : )

[BitTanker]

Guys, retweet some tweets

https://twitter.com/BitTanker

 

[BitTanker]

coin warz is not answering my email. Must be busy

please tweet them this :

@CoinWarz  Please update the Karmacoin info. We have changed the name to Karma new block explorer, statick blocks https://bitcointalk.org/index.php?topic=579973



Here is our karmacoin info there. http://www.coinwarz.com/cryptocurrency/coins/karmacoin

Your encourage to shoot them an email too : )

pelase contact coinwarz. we need exposure.

its a site a lot of people go to. time we show up on top there : )

I sent 2 emails

[perhan007]

Lol, many cheap Karma @ 50 litoshi Mintpal. Price went up to 60 @ Cryptsy.

[cryptowho]

all those that bought karma do not seem to have placed them at higher sell order. Seems like buyers. not day traders. therefore all that 200 LTC worth of karma has gone out of the trading volume.

Making it even harder to get more karma now

[cryptowho]

Also not to forget that over 8.4 billion karma are out of circulations http://explorer.karmacoin.me/address/K8rMbDnZ7xX9VqBXmLwA7DCnYra1ftw3gE



Karma getting denser and denser to own.

[cryptowho]

net work is close to 700 mh/s now. As soon as coinwar updates it will shoot up even higher. karma is already off line from their site so they must be working on it.


if your reading this coinwarz, thank you !!

[Beachguy]

holding, hands in pocket.  not selling any until 100 satoshi

Been mining my butt off with little 2x4 rig all this month.
Com'On Karma!
Might dump a little but I bet this is going waaaaaaaay up. 

[ShawnLeary]

holding, hands in pocket.  not selling any until 100 satoshi

Been mining my butt off with little 2x4 rig all this month.
Com'On Karma!
Might dump a little but I bet this is going waaaaaaaay up.  

No dumping!!      

Actually its not really dumping since you are just selling them to me super cheap right now!    

We are just above 1 satoshi right now, do you really think AsiaCoin has more promise than Karma?  

[ptman]

holding, hands in pocket.  not selling any until 100 satoshi

Been mining my butt off with little 2x4 rig all this month.
Com'On Karma!
Might dump a little but I bet this is going waaaaaaaay up. 

How much Karma were you able to get by mining this month?
What are the specs of your hardware?

[mouseman]

This EPIC post needs a bump.
So very well thought out.
Sounds like the "Feel good movie of the year!"
Such a great story playing out with Karma here. Love it.

A good currency will be backed by something of value. The USD used to be backed by gold. Now it's backed by a promise from the US government and the fact that it's the de facto world currency. Its value now comes from the government's ability to enforce the dollar standard through diplomacy and military might, and confidence in the present and future economy.

Bitcoin is backed by confidence in its blockchain and the promise of a brighter future because it's the leader in the industry. In this way it mirrors the USD and has a "military" made up by the investors, developers, and companies supporting it.

The great majority of cryptocoins are not backed by anything. They rise in value from irrational exuberance in the marketplace.

Karma is unlike all other coins in that it is backed by something of value. "Karmashares" is our gold mine. There is no limit to the amount of value in this mine. The only limit is our imagination and our willingness to venture inside and discover the value. (It could be argued that NXT, NEM, and other similar coins are backed by the commodities/equities on their asset exchanges. However, the legality of such coins is questionable. Further, Karmashares will own all of its assets outright.)

But let's put it in context of US history.

The American Revolution and Karma's Place in History

Cryptocurrency is like the US economy before the US Constitution. We were first dependent on Bitcoin (the British) and their monetary instruments. The American Revolution changed that, but worthless paper money was still being used in the colonies.

Each colony is like a coin and prints their own money. The time now is like the birth of the US Constitution, with Karma. We are establishing standards and setting guidelines. Other coins do not care about such things because they do not plan for a real future. The future might and power of the new "United States of America" wasn't obvious then and it isn't obvious now. The founding fathers had foresight.

But what Karmashares is doing is "bringing the colonies together" in a different way. The model that we are building will facilitate exponential growth and expansion of Karma once we have some momentum.

There is a war going on now in the industry, whether or not it is called such. The war is Bitcoin vs. all other coins. We started out peaceably, as any new pilgrims do. But once the vast resources, wealth, and opportunity of this new industry are realized colonies (coins) began to declare independence from the motherland.

Regulation, consolidation, and surrender (and death) of coins is coming in 2014 and 2015. It is already starting to happen. Casualties abound. And colored coins, merged mining, contracts, and other inventions will swallow up remaining altcoins like there's no tomorrow. Few coins will survive this. I'm not saying these are bad things. Innovation is good. But what side of innovation will you be on? Will your next coin be a colored coin inside of Bitcoin (the British)? A contract inside of Ethereum (the French)? Perhaps you'll just be an asset on the exchange of another coin (stateless Welsh or Sikh). Maybe you'll survive by giving up your power and merging your mining with someone stronger (an alliance) or sacrifice your independence for security (colonization).

Karma is adding value to its coin through Karmashares in order to be at the forefront of these changes. The coin landscape is not obvious now, but it will be. When billions are pouring into Bitcoin via the new equities on US markets (possibly followed by other markets such as China, Hong Kong, Singapore, etc) it will become very obvious that cryptocurrency is going mainstream.

Once Karmashares takes off the devs of other coins will flock to us from their worthless coins and want to do iPOCOs of their own. Then you will see the true power of Karma backed by the value that Karmashares has built up over the months.

So, in my opinion, the only coins that will survive are the British (Bitcoin) and the United States of America (Karma). There will be other coins under the influence of both, but with our model we can actually become much stronger and more valuable than Bitcoin.

We are the only non-Bitcoin coin laying the foundation for our survival. It will be more obvious as time goes on, but only the foolish would be loading up on "colonial scripts" right now.

[Beachguy]

How much Karma were you able to get by mining this month?
What are the specs of your hardware?

Running 4x msi 7850 twin frozrs. Not stressing them and getting almost 1.2 MHz.
I can wind them up to 1.5 Mhz but more rejects solo mining.

Since May 1 I've gotten a little over 80 blocks. I pool mined last few days of april and a member was kind enough to donate me 500,000 Karma (which I intend to send it where he advises) so I had a little over a million when I started soloing.

over 10,000,000 now.
Difficulty has shot up from 4 early this morning to over 8 as of a few minutes ago.
Rewards don't adjust until June sometime.
I'll keep on keeping on......I love solo.
Some days 2 blocks, some days 9 blocks.

I'm already studying up for the next rig, there's still a place for small miners, you just have to be nimble and listen to your friends.

[ShawnLeary]

This EPIC post needs a bump.
So very well thought out.
Sounds like the "Feel good movie of the year!"
Such a great story playing out with Karma here. Love it.

A good currency will be backed by something of value. The USD used to be backed by gold. Now it's backed by a promise from the US government and the fact that it's the de facto world currency. Its value now comes from the government's ability to enforce the dollar standard through diplomacy and military might, and confidence in the present and future economy.

Bitcoin is backed by confidence in its blockchain and the promise of a brighter future because it's the leader in the industry. In this way it mirrors the USD and has a "military" made up by the investors, developers, and companies supporting it.

The great majority of cryptocoins are not backed by anything. They rise in value from irrational exuberance in the marketplace.

Karma is unlike all other coins in that it is backed by something of value. "Karmashares" is our gold mine. There is no limit to the amount of value in this mine. The only limit is our imagination and our willingness to venture inside and discover the value. (It could be argued that NXT, NEM, and other similar coins are backed by the commodities/equities on their asset exchanges. However, the legality of such coins is questionable. Further, Karmashares will own all of its assets outright.)

But let's put it in context of US history.

The American Revolution and Karma's Place in History

Cryptocurrency is like the US economy before the US Constitution. We were first dependent on Bitcoin (the British) and their monetary instruments. The American Revolution changed that, but worthless paper money was still being used in the colonies.

Each colony is like a coin and prints their own money. The time now is like the birth of the US Constitution, with Karma. We are establishing standards and setting guidelines. Other coins do not care about such things because they do not plan for a real future. The future might and power of the new "United States of America" wasn't obvious then and it isn't obvious now. The founding fathers had foresight.

But what Karmashares is doing is "bringing the colonies together" in a different way. The model that we are building will facilitate exponential growth and expansion of Karma once we have some momentum.

There is a war going on now in the industry, whether or not it is called such. The war is Bitcoin vs. all other coins. We started out peaceably, as any new pilgrims do. But once the vast resources, wealth, and opportunity of this new industry are realized colonies (coins) began to declare independence from the motherland.

Regulation, consolidation, and surrender (and death) of coins is coming in 2014 and 2015. It is already starting to happen. Casualties abound. And colored coins, merged mining, contracts, and other inventions will swallow up remaining altcoins like there's no tomorrow. Few coins will survive this. I'm not saying these are bad things. Innovation is good. But what side of innovation will you be on? Will your next coin be a colored coin inside of Bitcoin (the British)? A contract inside of Ethereum (the French)? Perhaps you'll just be an asset on the exchange of another coin (stateless Welsh or Sikh). Maybe you'll survive by giving up your power and merging your mining with someone stronger (an alliance) or sacrifice your independence for security (colonization).

Karma is adding value to its coin through Karmashares in order to be at the forefront of these changes. The coin landscape is not obvious now, but it will be. When billions are pouring into Bitcoin via the new equities on US markets (possibly followed by other markets such as China, Hong Kong, Singapore, etc) it will become very obvious that cryptocurrency is going mainstream.

Once Karmashares takes off the devs of other coins will flock to us from their worthless coins and want to do iPOCOs of their own. Then you will see the true power of Karma backed by the value that Karmashares has built up over the months.

So, in my opinion, the only coins that will survive are the British (Bitcoin) and the United States of America (Karma). There will be other coins under the influence of both, but with our model we can actually become much stronger and more valuable than Bitcoin.

We are the only non-Bitcoin coin laying the foundation for our survival. It will be more obvious as time goes on, but only the foolish would be loading up on "colonial scripts" right now.

Nice work.  We somehow need to incorporate "Paul Revere" by the Beastie Boys with the above analogy!   Who's with me?!?!?  

https://www.youtube.com/watch?v=gNPBzAah-3k

[Beachguy]

Yer' right Shawn, no dumping.
I have some White Coin, Doge, World Coin and I think some Vert coin lying around.
THEY...will get dumped for Karma and BtC.

[ptman]

How much Karma were you able to get by mining this month?
What are the specs of your hardware?

Running 4x msi 7850 twin frozrs. Not stressing them and getting almost 1.2 MHz.
I can wind them up to 1.5 Mhz but more rejects solo mining.

Since May 1 I've gotten a little over 80 blocks. I pool mined last few days of april and a member was kind enough to donate me 500,000 Karma (which I intend to send it where he advises) so I had a little over a million when I started soloing.

over 10,000,000 now.
Difficulty has shot up from 4 early this morning to over 8 as of a few minutes ago.
Rewards don't adjust until June sometime.
I'll keep on keeping on......I love solo.
Some days 2 blocks, some days 9 blocks.

I'm already studying up for the next rig, there's still a place for small miners, you just have to be nimble and listen to your friends.

Wanna try my pool?

pool.terahashers.com

• Dedicated pool server with VARDIFF, using the PROP (proportional) reward system.
• Server with HIGH performance backend, with selected components in hand-tuned C code.
• No need to register. Just use your wallet address as username!

stratum+tcp://pool.terahashers.com:5003 -u <yourwalletaddress> -p <anypassword>

[Beachguy]

I've averaged over 3 blocks a day solo.
I'll watch it but for now solo is for me.
Thanks anyway.

[kosmost]

1. Coinwarz has been ignoring my requests to update Karma info since the re-branding. This is how long? Maybe 2 months.
2. The implementation of anonymous transactions are the biggest mistake that we can do. If somebody is thinking about it, maybe he/she should start reading from the beginning. About what is Karmashares, lill, EyeQ, how are they going to make our economy multi billion, yes billion, through changing the way of how we perceive searching. Don`t you understand that untill now, search engines are the ones that decides what results to pop up. lill is changing this and it can not happen with anonymous transactions. If tech change is to be made, this must be going to PoS. For securing our network.
3. I was happy to spend some 50 LTC on Karma today.

look at this stats:
http://returnonnow.com/2012/06/search-engine-market-share-country/ and this is 2 years ago.

kosmost is always giving an example of USA half percent search engine share. It is for about 500 mill dollars. And I am sure that you are all a little bit confused about this big number. What about China, Russia, Brasil and of course India? This is 3.5 billion people market. 11-12 times USA. And more of this people are not using search engines, because they don`t have access to Internet enabled digital devices. And if they had, what are they gonna be searching for? How to do cow milking? But if lill and EyeQ give them new, life changing applications, they will. Why do you think people that never knew what is the meaning of television, are using complicated devices to do financial transactions with just their finger print? And this is for hundreds of millions people! Only the new applications are the reason why micro financing in India and some African countries is flourishing. And why do you think that every single goddammit telecommunication company has a separate big M2M development? And they have trillions ready for investment in Internet of things. But they will invest in infrastructure and we are going to like it, because we shall eat the pie. You know why? Because we shall have the applications like lill and EyeQ. And the money doesn`t follow infrastructure, they are following the applications. Google and mostly Apple are example of this. Infrastructure companies are just a pipe, that is to be drained by the companies that owns applications. Are we stupid to not learn from this? I don`t think so. Karma will rule.

Good points. Yeah, China is a huge opportunity too. I already have the Chinese language done for Lill and will need to check it for formatting errors before posting.

1% of the Chinese search market is worth about $300 million (based on what was paid for a search engine a few months ago). It's not as juicy as the US market but I think it will be easier to capture a larger percentage in China than in the US (although we can do both). The #1 search engine, Baidu, mixes advertising with search results and people aren't as loyal to one search engine like in the US.

There are over 600 million internet users in China, by the way. Mobile, of course, is our next step with Lill (after Karma integration) to capture some of these users, too.

And Google runs very, very slow in China compared to the smaller search engines. So as an "outside" search engine we have the advantage of appearing to have unbiased search results (unline Baidu, which doesn't even identify which are ads) and also being faster than the biggest "foreign" search engine.

[kosmost]

Seems like a "test pump" on the Karma markets.

Not sure we are ready for a big pump just yet, but I suppose I might be the only one who feels that way