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?
Correct me if i'm wrong about this ..
But I think that mechanism already exists in the current structure ..
You buy KARM and deposit them ( if you want ) to the Karmashares LLC deposit address ..
That gives you participation in Karmashares LLC the vehicle for
all the IPO COs ..
The 'donated' KARM are effectively 'off the market' ..
Alternatively, one can buy KARM, keep them in your wallet and get credit for
Kamashares LLC at a lower ratio than you would get vs the 'deposit' method above ..
ie 5,000,000 KARM @ 1.75X ( donate ) vs 5,000,0000 KARM ( in wallet ) @ 1.00X ..
Just an FYI, but early Karmashares LLC adopters were offerd 5X and 10X participation deals ..
Triff ..