Post
Topic
Board Announcements (Altcoins)
[ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
learminer
on 01/07/2014, 10:44:26 UTC
hide the champagne, the same 6 Satoshi are here  Undecided
I understand you from a new miner's perspective. But from the view of someone who mined it when block rewards were 10x of today and price was less than 1/10th I can only say give it some time. Karma has achieved truly amazing things. It has turned from a so-so clone coin into one of the most exciting and stable growing coins in the entire altcoin scene. And all of that not because of hyping and copying the latest fad-features. But (1) by organically growing a great community, (2) exploring new services/usecases for the coin and creating the perpective for long lasting value and returns with Karmashares.

And you know what? Unlike the 70+ coins that copied Blackcoin's PoW/PoS + multipool aproach, the recent anonymity hype, or other "normal" coin features you can't jsut copy Karmashares. (3) In theory any coin could copy the Proof-of-Coin and LLC idea, but you need the right team, organization, vision and skills to actually make that mean something. And that's where 90% of coins would fall short.

(4) Value has grown like 40x over the past few months and while most profit-taking has already happened before we even returned to the BTC markets, there will always be resistance and after every increase price needs to settle to a new floor, before it can rise further. Karma price has more than doubled since we first talked about this only a few pages back, have some faith and patience my friend. You will be rewarded. Smiley

Great points you emphasized there!

Point 1, If a new Karma curious would look at reddit and karma facebook page they may go :"hmmmmm, too few" Yet that few made the coin overtake many other heavily populated coin communities.

Point 2, A novel coin may attract a fleeting interest like so with PnD's then that's it. late comers are left holding the bag and a dream that somehow it may rise again without basis of hope.

Point 3, Yes anyone can copy what are so far done, but really, it would take a whole lot more to assemble the people behind the scene that made them so.

Point 4, 40X!!!?? This may seem absurd to some. But we have graphs that show it is even an understatement. Try 10 litoshis to 6 satoshis and find what is the ratio.

Our doors are open. Come in anytime. We love to have you here. Bring and receive good Karma.








Actually, it is more than 40x. I have record of deals at 7 litoshi level. So, we are very proud of knowing you and be a little part of this.
Not trying to be a smartass here, but... Smiley

What I did is take the actual conversion rate of LTC to BTC into account. Relative to BTC Karma didn't gain as much, since LTC is now down almost 50%. That plus Karma never really traded at 7 litoshis. It dipped down to 7 ONCE for about 30 minutes. The real floor was 9 litoshis, with regular swings into the 12-15 range. If you combine those two factors then Karma value (in BTC) actually "only" increased ~27x since then (1BTC = 40LTC, 1 Karma = 9 litoshi => 1 Karma = 0,225 satoshi) to now (1 Karma = 6 satoshi).

Sigh, what a downer. So there you have it, guess we'll need a stable rise to 9sat next to make that 40x increase real, who's in?! Wink