Quote from: Triffin on August 01, 2014, 03:31:26 PM

Quote from: KarmaKaguy on August 01, 2014, 03:15:48 PM

Quote from: Alphi on August 01, 2014, 03:14:40 PM

Quote from: UrsaMajorisBeta on August 01, 2014, 03:05:57 PM

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 ..

this is partly true, those KARM will hit market. KarmaShares own them and will sell them sooner or later. So they are not burned. Proof of Burn is awesome way how to make coin more valuable. Problem is, that is that it just sucks liquidity from the market. Since total coin market cap is still same, new investors will not be attracted anyway. Lowering total number of coins is much better.