Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
socoban
on 01/08/2014, 15:31:16 UTC

I was thinking about the sidechain for a while now...
It would be interesting to list Karmashares IPOCOS in some kind of system similar to Nxt or Bts.
Maybe proof of burn with a limited time frame will do the trick!
Or merge mining, crediting the already owners of karma with a fixed amount.

proof of burn would reduce the problem of too many coins in circulation.
so I am all for it.

ok whats proof of burn?

People send coins to address without private key. So these coins die and noone will ever be able to move with them. Those who burn their coins get something in reward, like Karma sidechain coins. there were some pure POS coins created this way. 100% premined and 100% distributed by BTC proof of burn. Funny part is, that this mostyl helps BTC to get higher value, since coins are lost forever.