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Board Announcements (Altcoins)
Re: CoinMarket.io | New, self-moderated support and news thread.
by
MCAltcoin
on 13/03/2014, 21:23:43 UTC
CoinMarket.io status update

1. What happened?


Reading between the lines:

We beg via official channels for weeks for an honest transparent accounting of the issues and updates in some frequency as to what is being done to remedy them.  We are met with infrequent and vague reports.  Then some users freak out and attack the innocent hosting service provider - and this does the trick.  This post is all we have been asking for.  Regular updates on the progress of the fixes - even if that means describing new issues as they are found - is all we wanted.

Because it took such extreme measures to get this information out of Coinmarket, I'm actually thankful for the assholes that harassed the hosting company.  Sometimes an angry idiot can wake people up to what they SHOULD have been doing ALL ALONG.

No sympathy here.  Keep up the regular updates, and I might just consider using this exchange again in future.....

At least we know Karma is a XXXX coin, like I said this is the fastest and most responsive exchange I have ever used, so this is really sad. They need to hire a PR guy.

Karma is not the problem here - Coinmarket.io had issues with their software.  Let's keep the bashing to a minimum - it is the wild west.
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - Phase II is here! *3-9-14* New Branding, Sites & More
by
MCAltcoin
on 13/03/2014, 11:38:53 UTC
Question:  Why are we not voting on the jwcplanet logos?  None of them are in the contest.  Can anyone tell me why?

Sure. See here: https://bitcointalk.org/index.php?topic=447657.msg5578975#msg5578975

and here: http://www.reddit.com/r/Karmacoin/comments/1zv1xz/logo_contest_now_running_on_99designs_more_info/

for more info.

Also, if you'd like to donate to help cover the costs of this contest (already paid $299, as it is a guaranteed contest to attract more entries) you can send Karma to KBuE7G9Xf2JUgeUKPk6MkPkLNL6zXyznxz  - Thanks!

None of the jwcplanet logos were uploaded.  Am I missing something - we did not include them in the process?
I am not sure why this happened, but the owner of this process should have uploaded them.
I will donate to open the contest up to include them.
This is not right to have wasted that work in the process.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - Phase II is here! *3-9-14* New Branding, Sites & More
by
MCAltcoin
on 13/03/2014, 03:14:45 UTC
Question:  Why are we not voting on the jwcplanet logos?  None of them are in the contest.  Can anyone tell me why?
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Topic
Board Announcements (Altcoins)
[ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 08/03/2014, 04:28:07 UTC
There is movement at coinmarket.io
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 07/03/2014, 18:53:19 UTC
can we not use expression like "to the moon" or " to saturn and beyond" Lets do the opposite. Lets keep karmacoin earth related.

perhaps we can say "Bringing the moon to US"  or the old and perfect "doing good is good" "do good"
+1
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 07/03/2014, 18:52:20 UTC
Anyone in the PR team working on a press release? Who will be the public-facing point of contact for the media?

Quote
El3k0n - PR/Communications
ShawnLeary - PR/Communications/marketing
Alphi - PR/Communications
Bitwho - PR/Communications/Project Lead

Let's cross that bridge when/if it comes.  I don't remember seeing or hearing from a public face for DogeCoin.  Karma is karma, it doesn't even need to be explained.  Try asking anyone other than someone on reddit what Doge even is?   Is it the dog?  Is the comic sans colorful fonts and choppy Japanese anime style something lost in translation blurbs?  seriously I am all about being prepared, so if there is anyway I can help let me know.  I have a full time job though so the fact that I am an investor and not actually a hired rep of Karma mine or anyone else's comments will be somewhat, actually, really biased.  If it were to go big time we will have to hire a PR company to handle some of this workload.  

Kos has it right with this list
1) Put together a press release (with media contact at bottom).
2) Polish the website and make it clear and easy to understand for new visitors who know nothing about Karmacoin
3) Choose a logo with wide appeal (even if not final)
4) Decide on a mission statement (I've made a post to the karmacoin project subreddit. If you've access please read the stickied document)

Also I would add a tip bot.  Can someone here tackle or at least find out how to set one up? bitcoin dogecoin nxt and many others all have tip bots.  everyone likes free coins, and nothing better than sprinkling 500 to 1000 Karms a pop all over reddit and /r/bitcoin.   Will go a long way IMO.  

http://www.reddit.com/r/Karmacoin/comments/1zsd02/start_tipping_karmacoins_and_lets_grow_this/
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 07/03/2014, 18:43:21 UTC
why karma is dying?  from  5 satoshi to 1.??

Karma will never die. Multipools dumping on highest buy order. This will stop in next block halving. Checkout http://www.ikarmacoin.com/karmawall-menu

Volume indicates that it is not dying.  
Altcoinstats lists it as the 4th most profitable.
More new wallet holders will jump on board to mine (increased consumption)
Currently middleminers create a large pool of speculative sellers to a smaller pool of buyers.

Freshly mined supply will decrease. This will stop in next block halving.

The sellers will sell at a pace of 600M KARM per day
In approximately 5 days the lower cost KARM will climb in price because supply will contract.

It is pretty exciting that given the current Mintpal Buy side backlog of 21BTC, you can double your money by selling for 2 and buying for 1.  Experience tells us that there will be upward pressure on price.  So get your KARM while you can.
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 07/03/2014, 15:44:11 UTC


1.x million Karma collected so far as I see in Karma wall http://ikarmacoin.com/karmawall-menu

3 million Karma coins may value less than $50 now, but these coins for them are not to cash out immediate, its just a way to help them with some value, let them get Crypto awareness and to spread the Crypto Karma word out.

That is being SUPER generous with the value of Karma, it isn't even CLOSE to $50.

This, as you present it, is a stupid idea. It will make Karma look worse than it already does.
Comes off as a good bit self serving and smells of taking advantage of the situation with no benefit for the girls:
"Here girls, take these three million coins! Someday, in the future, they may, possibly, be worth a wee bit more, or not, all that matters is we pat ourselves on teh back and pretend the attention we may get from doing this will somehow help our coin."

Come up with the whole amount they lost or just don't do it.
[/quote]

The last tweet raised the stakes to 12M karmacoins.
The current donations are 3.2M (Karmawall).
Our coin is helped if we execute our mission.
We need to Do Good.
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 04/03/2014, 06:42:11 UTC
This coin is done. Fighting within the community, major disagreements over the direction of the coin, major disagreements over the logo of the coin (that it is still an elephant even after all the rationale for the dharma wheel or lotus leaf is a major issue with me and why I dumped my 180 million earlier), no real prospects for the future that are actually attainable.

Face it lads, it has failed. No coin ever gets back up from 1 Satoshi without a MAJOR artificial pump from a scammer like Wolong. Mining is so easy right now it will always be dumped if it even hints at a rise. Nevermind, it was fun while it lasted - sorta.



Well, I've bought over 1 billion karma in the past few days and I assure you, this coin is definitely going somewhere. I probably bought all your Karma.

Take a look at the early Dogecoin threads. You'll see the same thing, except there was more community involvement because they found a way to have fun. We're still looking for ours.

Don't be fooled by the market price. That's a reflection of dumping.

Halving will be in 7 days or so. You will be eating your words in less than 2 months when we've surpassed 200 satoshi.

Anyone that knows about markets knows that there are only a few good altcoins to invest in. KARM is one of them. Buffett would surely buy it.

As for your "No coin ever gets back up from 1 Satoshi" statement, I don't know if that's true or not. But what I do know is that the number of altcoins has exploded in the past 2 months. And it's a young market. That means there will be "no coin has ever"-type statements every few days. Heck, take a look at what Auroracoin did yesterday (50% premine, yada yada).

well put
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 04/03/2014, 02:19:50 UTC
Firstly I don't see or feel any attachment of karma with an elephant!
I know its hindu buddhist crap, but if you Wikipedia the word karma, the pic should be a lotus flower or endless knot sort of thing.
Also the motto doing good is good, isn't karma. Its more like what goes around comes around or doing good things returns good things, or the law of cause and effect, etc.
You need to get this shit worked out!


Good point.  I see the elephant more like a currency symbol than having some deep meaning that only Monks in Tibet could decipher.
I am not attached.  Suggestions?

We need something simple.  Lets face it..not a lot of people will have time to get the elephant, dharma wheel, or lotus flower references.  A few people here have been saying "If you google this.." or "If you studied..." ..etcetc.  An investor or potential user DO NOT GIVE A F\_/CK about learning the deep meaning of the logo.  They only care about whether the coin has potential to become more mainstream/useful/attract more users/money.

The cute cartoony elephant was pretty cool.  Look at Doge and copy the fuck out of it. 

It really had a lot of potential to be a great logo.

which one?
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - See new KarmaWall www.ikarmacoin.com !!!KARMAZING!!!
by
MCAltcoin
on 04/03/2014, 02:15:54 UTC
ignore metaboldfield only seem to troll..


this is bad ,, that is bad..

well give us a solution or move on man. stop trolling


Sorry you can't handle individual input and negative aspects but cop out and call it trolling.
Fuck me, Yinyan fucker! Ignore yourself or I will troll your ass!

mattboldfield, you are entertaining.  In that rant are some good things to debate.
Can you try not to bash - I think it will be more productive.
I think the point that was being made was to take action - we have a lot to do.

It is early in the morning there - need some coffee.  Any relatives that were POME? :-)
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Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - 6 Exchanges - Rewards about to change - Get in now
by
MCAltcoin
on 03/03/2014, 04:51:15 UTC
site made schoolboy =(



New Hampshire - not sure what you had to gain by your comment, but these guys obviously put in a lot of work to get the site up.  Let's try to keep things constructive.  Calling something schoolboy is not what Good Karma is about.
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Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - MANDATORY WALLET UPDATE by FEB 24 - Top in CoinWarz
by
MCAltcoin
on 22/02/2014, 20:08:13 UTC
The reason I am investing time, money and effort into this coin:

1) For the Alt Currency model to prosper, it has to be because it can be trusted by consumers
2) Karmacoin is perfectly poised to be the coin that consumers can trust
3) The innovation is in the purpose/meaning of the coin
4) With trust as the founding principal we can focus on the the investment in the tools that this community needs to realize the vision, such as:
    Ecommerce, Gaming, Work for hire, Android,  IOS etc.  
5) Doing good is good
  


Oh really? People can trust karmacoin? Thats why the blockchain has been being exploited since it came out? The developers made the reward block calculations in a way that they can exploit them, anyone mining this coin is being taken advantage of. There's already a coin with the features listed for this coin, its called litecoin. There's nothing karmic about stealing someone elses work, putting a new name on it and calling it your own. Is karmacoin working towards anonymizing the block chain and transaction network? How about built in trading features? Any new security, algos, ANYTHING? NO? It's a SCAM.

You are an angry elf.  I looked through your posts, this is your Mode of Operation on several of these coins.  You seemed to have been into this coin in at least a few of your posts.  I do not see the world through your lenses.   This is not about one coin vs another.  There are lot of examples where code is the same.  Look at the world of LINUX.  How many variant distributors and code bases exist - a lot.  It is not about technical features (yet).  It is about having a purpose.  Calling it a scam is a cowards way out of an argument.  You have done that with several coins as I can see with your posts.  Why not just exit out of the community gracefully.

The inventor of Litecoin gave it to the community and walked away from it.  These guys appear to be here to stay.  They have responded to whatever we have asked of them.  They did not pre-mine.  When they launched the coin, their pool was attacked (read the earlier posts) which probably limited their take, yet they did not walk away.  On appearances, they are working to keep us safe - not scam us.  

Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - MANDATORY WALLET UPDATE by FEB 24 - Top in CoinWarz
by
MCAltcoin
on 22/02/2014, 06:15:03 UTC
The reason I am investing time, money and effort into this coin:

1) For the Alt Currency model to prosper, it has to be because it can be trusted by consumers
2) Karmacoin is perfectly poised to be the coin that consumers can trust
3) The innovation is in the purpose/meaning of the coin
4) With trust as the founding principal we can focus on the the investment in the tools that this community needs to realize the vision, such as:
    Ecommerce, Gaming, Work for hire, Android,  IOS etc.  
5) Doing good is good
  
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - 6 Exchanges - Most Profitable 11 Days Straight
by
MCAltcoin
on 19/02/2014, 19:47:04 UTC
CACHe coin is more profitable to mine in recent condition. Al;l other coins are giving back very less profit.
In CACHe coin still can make $100+ with 2.5 Mhs

CACHe coin? can you send me a link to that coins ann?

Find another forum
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Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - 6 Exchanges - Most Profitable 11 Days Straight
by
MCAltcoin
on 19/02/2014, 18:28:30 UTC
CryptoMF, I will buy you out.  Let me know what you have and what you want.
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Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - 6 Exchanges - Most Profitable 11 Days Straight
by
MCAltcoin
on 19/02/2014, 16:05:23 UTC
I am buying KARM all the time.  If anyone has issues with this coin, sell to me.  I am looking to obtain at least 1 billion coins within the next 2 weeks and I am half way there.  I want to beat the momentum that has already begun.  I will give 10% of my holding away to interesting projects. 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - 6 Exchanges - Most Profitable 11 Days Straight
by
MCAltcoin
on 19/02/2014, 06:39:40 UTC

    ATTENTION EVERYONE WHO MINES OR BUYS KARMACOIN!!!

All the pools and regular miners getting massively ripped off on the block rewards right now. This is blatant and obvious to anyone who cares to look at the publicly available numbers. Their is no other explanation for what is happening. I am not going to try to tell anyone what to do but you look at the numbers and make your own decisions.

Last 24 hours of blocks found. Time period 4 pm on 2/17/2014 to 4 pm 2/18/2014 (PST timezone)

The two biggest pools for Karmacoin

http://karma.hashstrike.com = 230 blocks and 98155792.429 coins mined for an average block size of 426764

http://pool.karmacoin.info = 369 blocks and 163830536.742 coins mined for an average block size of 443905

Total blocks mined during this 24 hour period by everyone (numbers from the blockchain site) = 1411

Total number of coins mined with these 1411 blocks = 1082426659

Remove the coins and block mined by these two pools and you have the following:

1411 - (230 + 369) = 812 blocks by others

1082426659 - (98155792 + 163830536) = 820440331 coins mined by others

So then 820440331 / 812 = 1010394.496305419 average coins per block.

Yes ladies and gentlemen that means that the exploiters are getting over twice the number of coins per block as the top two pools combined over the last 24 hours. HOW IS THIS POSSIBLE IN A FAIR COIN? The profitability calculators for this coin are way off and should be cut in half to get the correct numbers for us miners. The trade volume is dominated by the exploiters who artificially inflate the coin to make it look attractive. You my friends are the patsies in this scheme.

These numbers do not lie. There is no way this is pure luck. In fact they tell us a truth that someone has found a massive exploit of the code behind Karmacoin and is using it in our face without any fear of being caught. They do not care

Well if the devs do not do something immediately to remedy this I am going to post this everywhere and anywhere that people will listen. The best thing you can do right now is spread the word about this far and wide so that all miners know to steer clear of Karmacoin until this is fixed. As for what you decide to do with your own hashing power and hard earned cash I will leave up to you but I am not touching this coin with a ten foot pole. Good luck to you all.

Honestly, is there a conspiracy at work or are you just out gunned in the mining world now?  Try to stay positive, this is KarmaCoin after all!  :-)


Huh? You are not making sense. Are you not able to do basic math? My numbers don't lie. The system in place in far from level and if you want to go on mining the coin or perhaps you already have a large position that you are trying to protect then so be it. I will let everyone make their own decisions. You seem to want to take jibes at me personally while avoiding directly addressing the numbers which speaks volumes in and of itself. I am trying to save others from making a mistake in thinking this coin is actually more profitable then it really is.

I just went back and read all of your posts from Vertcoin to Maxcoin etc and you seem to fall in love and then a few days later try to crush the coin by trash talking what you once admired.  Just seeing a pattern and find it odd.  Read the previous posts where fairness in mining was discussed.  Quote those and make your case.  Your arguments was addressed from what I have read. sorry.

Please everyone feel free to read my previous posts. You will see that what I am being accused of is not true. As far as my Maxcoin comment it was in pure sarcasm as the coin had already launched a day or two before my comment. Please don't try and attach me to this cancer of a coin. I don't recall never said anything negative about Vertcoin. I still hold almost everything I mined from that coin (I am only down the 4+ coins I donated to an African well project).

Karma used to be fair and the distribution was equal among miners, but no longer. That is why I have made this message. I want us all to have an equal shot at mining this coin. My arguments have never been directly addressed, sorry. I understand many of you may not like to hear what I am saying but the math and the facts speak for themselves. I have presented my case and evidence. Present some evidence to repute this without somehow having to attack me personally (really is that what this is going to come to?) and I will stop bringing it up.

I have not validated your information.  How do you explain that that the network has 2.2Gh and Hashstrike and pool.karmacoin.info are around 40% of that?  What are you proposing as the solution?  

My guess is that the other 60% is the large miner. This seems pretty clear but maybe something else is going on. Who really knows? Right now the network actually has 3 Ghz and the two top pools are ~1.3 Ghz so your 40% ratio still holds. Seems strange that the other unexplained hashrate would go up in parallel to the pools increase to keep it's +50% majority. Maybe this majority is key for them to gain the advantage and makes it possible for them to get the vast unfair majority of the larger blocks?

The only fair solution that I can think of is to change from a random block bonus payout to a fixed block amount that is equal to the average of the block payouts at this level of the reward scheme for the coin so far. This ratio can then be carried over to the other levels when the block rewards decrease if necessary. This seems fair as it takes their advantage away and levels the playing field for all. I have already suggested this to the developer but have not heard back from him yet. Any other solutions are welcome.

That would mean another update of the wallet by the Dev and our agreement to this new approach.   For my 20Mh of gear I did about 8M coins today (Feb 18, 2014).  That is about .25 BTC at the 3 satoshi mark.   That is consistent with the early DOGE days when difficulty was a lot lower.  147.7 or about 120kUSD changed hands today on coinmarket.io.  That is 5B (~30%%) of the coin in 1 day changed hands.  Has anyone been successful with fixed block amounts that you can share with us?   Please correct or comment on anything I am saying - I am not trying to be rain man - just sharing my stories with the great unwashed.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karmacoin - 6 Exchanges - Most Profitable 11 Days Straight
by
MCAltcoin
on 19/02/2014, 04:47:34 UTC
ATTENTION EVERYONE WHO MINES OR BUYS KARMACOIN!!! All the pools and regular miners getting massively ripped off on the block rewards right now. This is blatant and obvious to anyone who cares to look at the publicly available numbers. Their is no other explanation for what is happening. I am not going to try to tell anyone what to do but you look at the numbers and make your own decisions.

Last 24 hours of blocks found. Time period 4 pm on 2/17/2014 to 4 pm 2/18/2014 (PST timezone)

The two biggest pools for Karmacoin

http://karma.hashstrike.com = 230 blocks and 98155792.429 coins mined for an average block size of 426764

http://pool.karmacoin.info = 369 blocks and 163830536.742 coins mined for an average block size of 443905

Total blocks mined during this 24 hour period by everyone (numbers from the blockchain site) = 1411

Total number of coins mined with these 1411 blocks = 1082426659

Remove the coins and block mined by these two pools and you have the following:

1411 - (230 + 369) = 812 blocks by others

1082426659 - (98155792 + 163830536) = 820440331 coins mined by others

So then 820440331 / 812 = 1010394.496305419 average coins per block.

Yes ladies and gentlemen that means that the exploiters are getting over twice the number of coins per block as the top two pools combined over the last 24 hours. HOW IS THIS POSSIBLE IN A FAIR COIN? The profitability calculators for this coin are way off and should be cut in half to get the correct numbers for us miners. The trade volume is dominated by the exploiters who artificially inflate the coin to make it look attractive. You my friends are the patsies in this scheme.

These numbers do not lie. There is no way this is pure luck. In fact they tell us a truth that someone has found a massive exploit of the code behind Karmacoin and is using it in our face without any fear of being caught. They do not care

Well if the devs do not do something immediately to remedy this I am going to post this everywhere and anywhere that people will listen. The best thing you can do right now is spread the word about this far and wide so that all miners know to steer clear of Karmacoin until this is fixed. As for what you decide to do with your own hashing power and hard earned cash I will leave up to you but I am not touching this coin with a ten foot pole. Good luck to you all.

Honestly, is there a conspiracy at work or are you just out gunned in the mining world now?  Try to stay positive, this is KarmaCoin after all!  :-)


Huh? You are not making sense. Are you not able to do basic math? My numbers don't lie. The system in place in far from level and if you want to go on mining the coin or perhaps you already have a large position that you are trying to protect then so be it. I will let everyone make their own decisions. You seem to want to take jibes at me personally while avoiding directly addressing the numbers which speaks volumes in and of itself. I am trying to save others from making a mistake in thinking this coin is actually more profitable then it really is.

I just went back and read all of your posts from Vertcoin to Maxcoin etc and you seem to fall in love and then a few days later try to crush the coin by trash talking what you once admired.  Just seeing a pattern and find it odd.  Read the previous posts where fairness in mining was discussed.  Quote those and make your case.  Your arguments was addressed from what I have read. sorry.

Please everyone feel free to read my previous posts. You will see that what I am being accused of is not true. As far as my Maxcoin comment it was in pure sarcasm as the coin had already launched a day or two before my comment. Please don't try and attach me to this cancer of a coin. I don't recall never said anything negative about Vertcoin. I still hold almost everything I mined from that coin (I am only down the 4+ coins I donated to an African well project).

Karma used to be fair and the distribution was equal among miners, but no longer. That is why I have made this message. I want us all to have an equal shot at mining this coin. My arguments have never been directly addressed, sorry. I understand many of you may not like to hear what I am saying but the math and the facts speak for themselves. I have presented my case and evidence. Present some evidence to repute this without somehow having to attack me personally (really is that what this is going to come to?) and I will stop bringing it up.

I have not validated your information.  How do you explain that that the network has 2.2Gh and Hashstrike and pool.karmacoin.info are around 40% of that?  What are you proposing as the solution?   
Post
Topic
Board Service Announcements (Altcoins)
Re: WorldCoinIndex.com - Indexing all Cryptocoins and Prices
by
MCAltcoin
on 07/02/2014, 23:06:05 UTC
Karmacoin