Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
bitwho
on 21/08/2014, 19:52:35 UTC
I am sure simple solution can be implemented that would void exchanges taking advantage of our LLC. Something as easy as an automatic process where coin holders can sign messages that they own that wallet. Just like the shareholder have had to do so far. As the technology advances in cryptoworld it is becoming easier and easier to secure your coin and provide proof of ownership.

As socoban told before, that does not work.

Because the owner (or someone else with access to the exchange wallets) could sign messages like any other normal Karma holder.

well i meant this would be regulated. a.k.a verified.

Also i didnt really specify in details some crucial points. So far everyone only thinks of exchanges. but there will be tons of other services that will required to hold people coins just like an exchange. So to have a working share explorer it will need to account for exchanges-like services now and possible any other kinds that tomorrow could bring. This would mean that we would have Terms of Services (TOS)

With requiring them to sign a message they fully agree to the TOS. The TOS would easily nullify these services from profiting while holding the coins of their customers . if some exchange decided to register register and sign the message they would break the law and also come off as shady and would probably loose street credits. We would also have people audit who ever sign up as well. starting from the highest investor and down.

Again this are just my opinions. Of course everything will be take up to the group and come up with best possible solution to this