It is clear that a hard fork is needed. Maybe, this can even be an opportunity to innovate....
KarmaKaguy
Can be transferred to the POS?
yes we should take some time and think of what we need to change. First of all a list of what we must do. then a list of features we would love to implement. exciting time ahead!
On this note i would like to point out that a move to POS is not a real solution as POS coins still have not figure out the distribution problem.
imagine having low mount of coins and trying to stake. you will wait for days. hence it will prompt you to close your wallet. this will create a loss of network nodes and only the big holders will be incentive to keep their wallets on.
But everyone welcome to share their thought now!
I open a thread in the forum to focus on this. Please share your thoughts! http://forum.givekarma.net/index.php?topic=60.0
we have never liked the whole PoS idea - and never will ...
coins ( or ANY currency for that matter ) is for the USE of the currency - not to stash ...
the more mining there is - the more stable the network ...
the more use of the coin - the more valuable the coin ...
i agree that really only the bag holders would benefit greatly from a PoS situation ... i know - we have a few
...and yet - we really dont like the whole PoS situation ...
but we are miners at heart - and the farm wasnt built in a day - which is why we like to put it to good use ... especially x11 ...
#crysx
Yes, but a many billions of karma will be in wallets rather than exchanges and price may not be so low.
Price still interests us, right?
Chears
i still dont see HOW the value of ANY coin can be increased ( unless it is artificially by pumps ) by hoarding coins - and getting paid a small amount every x minutes for hoarding ...
the current hashrate for karma at the moment is around 230MH ...
when we were mining on and off - we had 250MH invested in the coin from our farm ...
this in turn mints more coins which in turn allows the network to become a hell of a lot more stable ...
when more miners come into the scene - the hashrate soars and stabilizes the karma network ... and mints more coins ...
to this day - there is not one coin that has had any real success just by hoarding - because no one make 'money' off of the coin ...
the real value comes when a coin can ACTUALLY be USED ...
if there was a benefit for us to keep the stash of coins we have in our wallet - PoS or not - then we would ...
but the way the trend ( these days ) is going towards PoS - the only coins that we WILL be hoarding - are the ones that have use for ... like bitcoin and dash ...
and funnily enough - neither of those coins are PoS based ...
all im saying is - interest is easily lost in the community if you put a coin in a situation where people just forget about it ...
i truly believe that is what PoS does ...
my opinion only here ... but ill back it all the way ...
hard fork the coin - FIX the problem at hand - move forward ...
this is just stagnating the coin even further - and the PoS situation is just going to make people like me ( us - the farm ) disinterested - no matter what you do with the coin ...
my two bits worth ...
#crysx
Maybe you're right...... is difficult to say which is the best solution for Karma.