Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
Triffin
on 01/08/2014, 15:49:09 UTC
Lowering total number of coins is much better

I agree, but we tried that already ..

When we reintroduced the KARM/BTC trading pair it
became apparent that we were going to get stuck in
the 2-3-4 satoshi range  ( ie the minimum 'tick' in satoshi
represents a huge percentage return ) ..
Who wouldn't buy @ 2sat  and offer @ 3sat to make 50% returns ??
Kosmost saw the problem right away and suggested we reverse split the
coin to accomplish two things .. lower the total number of KARM to a
more reasonable level and get away from single digit satoshi pricing ..
The community was polled and it was decided not to pursue that change ..

Triff ..