Imagine how fast the gossip will spread when finally a grocery store is accepting "credit cards" payments (karma). people all over the world can send their loves one karma coin with in 3 minutes into their account. they don't have to do anything else then start using to buy food and clothes for themselves.
In principal I agree with you.
In reality I think there are presently 2 issues with Karma that, if not addressed, could make this adoption problematic...
1. Confirmation time... 200 confirmations required by Exchanges means the Payment Processor holds the risk for a long time.
2. Total Coin Supply & Value... Too many zeroes (imho) for day-to-day use. Roughly USD $5 == PH 500p == 1 LTC == 1,000,000 Karma (@100 litosho)
Both these could be addressed by forking to a new wallet with supply of 920M (as suggested by someone earlier)
i always voiced my opinion on too many coin. ever since we were at 40 bill. Lunching a new coin at that time was not optional so i was requesting we stop the coin bleeding by x1000. at that time the community said that it would lower the nethashare and it would be a problem. here we are with low hashrate now anyways and with 20+ Billions more coin.
Yes. to making anything possible to reduce the numbers. i would prefer 92 million coins. karma will be cheap so the price wont prevent people to buy them at beginning. I really would like us to focus on this and find a solution
As far as exchanges having 200 confirmation this would be hard to remove. They have a saying in it. they do it to prevent double spending from coins that have low total network hashrates. Reddcoin had 1000 confirmation because of this.
By fixing the number of coins and creating a demand it will prompt miners to jump on our coin increasing the hashrates and helping remove the 200 confirmations