Read my last sentance..
But you understand im worried we might lose the market, because i dont know if the team is going to announce something, as it feels like you are also a bit worried.

I hope moolah just opens a karm/ltc market.. then there are no worries

I would like to let you know that KARMA is nicely distributed at the moment look at this RICH LIST of top 100 addresses.

As the weak whales are dumping like the past days more distribution of coins are happening strengthening further our coin distribution.

https://chainz.cryptoid.info/karm/#!rich

Thank you very much to our community member who made this possible. Good Karma to all of you.

And that there are 6543 KARMA holders at the moment >>>>>(All 6543   39,742,624,065 KARM   100 %)

Karmashares LLC controls somewhere between 8-12 billion Karma.

sounds like a lot but its really not that much compared to the total amount of Karma in circulation.

This is to continue the discussion about the PoC model. If I missed similar idea, please excuse me. I think that PoC model should be improved in some way. If it is possible, it should be kept, but changed. I suggest to raise the holding period to 6 months and 75 million coins (yes, raise). And also to assure that no exchange will take advantage of other people coins, I suggest that investment of 5 million KARMA should be send to dedicated address at least 3 months before any deal is announced or closed - we can discuss this term. This address could be same as KARMASHARES address - open for everyone to look at it. This way anyone can see which address is eligible for any profit. First see it at this special list and then look at the block explorer to see when the transaction was made. You know that I am strong supporter of the small investors and miners, but I have learned some lessons from the recent events. This 5 million coins can never be withdrawn and also can be used for Karma funding.

If such decision is taken, I am willing to update such list. Not holding the coins of course, just updating the list.

From what I understand you can do that.
But please confirm that you leave at least 5 million in one of your Karma addresses to that you can continue to receive POC profits from those 5 million Karma.

Hello All,

I am little confused. I am having couple of thousand Karm coin in my Karma wallet. What I want to know is what everybody is talking about karma shares and LLC? Do I need to send my coins to somewhere and change it to Shares? Please guide me.

I held about 11 million coins since July 24th. I don't see my address on the list. Who do I contact to add my shares?

More likely someone who wants to invest his LTC somewhere it doesn't keep loosing value.

I send you 2x R9 280x for 400 000 000 Karma 

Someone keeps driving up the price! Please dump and fill my orders at 38 and 37!!

sure feel free to chime in...

nobody is burying their head in the sand regarding security... PoS is not more secure than PoW. All you are doing is swapping one problem (centralized workers ) for another (centralized coin supply) and then introducing a whole bunch of other technical problems while you transition from PoW to PoS...

take a coin like NXT or Ripple for example... if one of the founders of those coins had a gun put to their head or their computer hacked for the keys to their wallet what do you think that would do to the network?

Remember when Gox collapsed and a whole bunch of coins got stolen? mt gox lost 400,000 bitcoins.. that's out of about 11 million or so total coins..
so potentially 3.6% of the entire coins in circulation got stolen.. as a direct result of that, the price of Bitcon dropped 23% which wiped billions of dollars off the Bitcoin Market cap.
the price still has not recovered...

now the reason I am boring you with statistics.. is the simple fact that PoS encourages centralization of coin supply and slows down distribution.

could you imagine if Ripple or NXT founder wallets got hacked and even 50% of their coins got stolen.. that kind of event would destroy the coins economy completely.
and don't say that it couldn't happen.. because it could.. no matter how sophisticated you make security systems and how many layers you put on top of them any wallet, or persons controlling the wallet, can be compromised and by putting control of the coin supply into fewer hands all you are doing is increasing the honey pot for thieves, hackers or rogue agencies/governments.

Granted switching Karma to PoS is not quite as centralized as coins that started their life as PoS... so the effects would not be so bad in the case of Karma

In some ways Karma Shares is a lot like PoS while keeping the PoW part open so that coins can be still be generated even if the Karma Shares holdings are stolen or destroyed.
This threat alone is the reason why I'm glad that KarmaShares doesn't soak up more of the coin supply... because while people may trust Kosmost... nobody can trust what he might do if someone put a gun to his head etc...

Now when you compare that kind of risk to either a 51% attack which only allows a double spend for a few blocks.. or a time-warp attack which only allows attackers to spend newly mined coins for a few hours.. Centralized coin supply is by far the greater risk to both the trust in the network AND its future longevity.

the other thing to consider also is the problems it will cause with exchanges... Hard forks can and do result in transactions and coins being lost especially with such a large portion of Karma being held on exchanges.

Anways... just food for thought to those who think PoS is more secure...

I personally would like to see merge mining or a change to the proof of work happen with PoS being last on my list....

Proof of coin is pretty much PoS anyways just without structural changes to the Karma network and codebase, so I don't think doing essentially the same thing twice is going to help the coin price in any way or make it more secure in the long run.