Quote from: dips55tree on August 06, 2014, 03:41:16 PM

Quote from: Chargin on August 06, 2014, 03:13:57 PM

Quote from: kosmost on August 06, 2014, 07:41:20 AM

What are your thoughts on exchange pricing per 100 Karma?

I believe this would make each block currently worth about USD 0.001, which would give us some room for growth in price (with a price target of anywhere between 1 cent to 10 cents per Karma block in the next year or so).

This would, of course, in no way impact users wallets but may make it easier for users to purchase (from a psychological perspective) similar to how pre-paid phone cards or debit cards are re-charged in blocks of units (instead of individual units), You can't re-charge your phone with 1 minute worth of time but perhaps you could with 100 minutes' worth.

When you go to the grocery store to buy meat or fish, pricing may be per 100 grams. The grocery store owner knows that people will buy more when they think of buying multiples or fractions of 100 grams instead of multiples of 1 gram.

I think right now we are just doing what every other coin is doing and not really thinking of how we can be pioneers. Anything different is seen as a "trick". But how about the first grocery store that thought to price their perishables differently?

If change makes sense and has more upside than downside, then I say let's go for it. There will always be people who want to use their horses in an age of the "horseless carriage". But we are leaders, not followers.

Thank you for recognising the importance of this and giving it your support.

To me price per 1,000 is more logical than price per 100. To use your metaphor, fish is priced per kilogram not per 100 grams. The weight is measured in grams. All I'm suggesting is we price our fish in kilograms. You can still by 127 grams of fish even when it is priced in kilograms.

It is price per 1,000 Karma on exchanges, not per block of 1,000 Karma. The way I described it obviously needs work, I'll make one large post with everything tomorrow if I have time. You don't need to buy 1,000 Karma at a time, like how now you don't need to buy a whole 1 Karma at a time. You can buy 0.00000001 Karma at a time now. The change would make it so you could buy 0.00001 Karma at a time.

I have made an example transaction below that may better illustrate how the user would see the change:

On Mintpal all you need to do is type in the amount you want to buy and press buy. That won't change. You still want to buy the same amount, just type that same amount in the box. The current price will automatically be filled.

Chargin.

I completely agree with moving forward on this.

I was wondering if we should also consider how the sidechain is going to work and if these features/terminology need to mirror in any way.

The sidechain's POW blocks would also be X11 (to merge-mine Karma), among other methods. We are talking now about this, so that I can finish the whitepaper which will explain it in a bit more detail.

Most likely, we won't detail too much so that we can maintain a competitive advantage (as developing and testing a sidechain would take a few months, possibly)