Hi all. Kosmost agreed to make the transition. For I don`t know how long I will have the technical ownership of the Karma. I will do my best to do it silently and smooth. What I am asking of you is to start looking for someone who is capable to deliver this coin to its next level. In my new temporary role I will not develop anything. My personal opinion of any coin is this:
1. Create a coin - some value. If it is a new algo - bigger value. If it is a new less power consuming algo - the better. (Karma have good X11 algo which is no innovation, but less power consuming)
2. Create awareness - not very difficult, but time consuming and valuable. (I think Karma is totally failing here. If we all make posts in twitter, Facebook, G+ and forums every day, the value will definitely raise. And this is value, not only the price. If more people are aware of Karma, the bigger will be the chance for somebody talented to come and do something valuable. So think about this like talent hunting program. Community work in Karma ecosystem is a clear failure)
3. Make technical innovation - very valuable and the effect on the price comes quickly, but not steady. (I don`t recall such think in Karma ecosystem. Maybe someday the sidechain will fulfill this gap, but I see this to far ahead)
4. Do real integration with other services, sites, merchants, etc. - very difficult, time consuming and not exactly returning steady value and effect on awareness and price. (I am not sure if Karma has such integration)
5. Build real projects - very difficult and time consuming (Several coins has this and the value is big. Karma still have one big project with good potential and someday maybe it will bring value)
6. Make coin to be taken as equal and even better than fiat. (No one did it. Karma is struggling to achieve this and maybe it will happen in several years).
The most important for me is the support that is coming from the community, but I see it slightly different than current team. I do not think that community should be constantly asked to do something that needs two much time, effort and skills. We saw that it is not working. It is also not working if everyone is sitting on his ... and counting on only one guy or few members to do it all. I see the community like many members who just do 2 -
we all make posts in twitter, Facebook, G+ and forums every day, the value will definitely raise. And this is value, not only the price. If more people are aware of Karma, the bigger will be the chance for somebody talented to come and do something valuable. So think about this like talent hunting program. For the people who are with Karma like me from day 1 it is obvious that the best time for Karma was not the lill deal, but the times when people like BitTanker, cryptowho, Chargin, me, Easteagle, javijavier, warfwarf, Delaforetnoire and many others were out there to make their little part. From now on, or at least while I am in charge there will be no more promises, no more asking for help. If you want to do something, you are free to do it. Everyone is invited. Do not think of this as a new start, cause it isn`t. We are continuing from where we was yesterday, before you all go crazy for things that doesn`t really had any value. And with no reason. Closing the LLC? So what? This LLC doesn`t go well with SEC regulations. My proposal to the people after me is to reinstate PoC model and substitute with it the purpose of the LLC - you can check my proposal how to do it -
https://bitcointalksearch.org/topic/m.8650222.
This must be said. Although I have no interest in Karma at this moment, I am really mad with all those people who were accusing kosmost or any other team member without doing anything for Karma. They don`t deserve it. Period. Please remember - I am not kosmost or Easteagle or cryptowho and I am not polite like them. From now on all accusations for Karma well being should be pointed at me, only me and no one else. If this wave of false accusations continue I will change the thread and this will continue as many times as needed until only reasonable people start to come here. Trolling will not be tolerated. If you don`t like something, you are free to change the coin.
For those who believed in Karma and still believe in it I will tell that nothing have really changed from yesterday. Just your mood. Karma is still healthy and trading. Again, nothing have changed since yesterday. Actually I am quite sure that many of you will come back and help in some way. Including Kos, East and cryptowho. And no project will be buried. It will just take more time. If you have any questions, please ask, but do it polite. No one here has any obligations to anyone. Everything in crypto is happening by the free will of people working together. It is up to us all to make it happen.
kosmost, please confirm this transition. Thank you for everything and good luck. I am sad and deeply regret that you are insulted by people that doesn`t do anything. Please reconsider and stay with Karma. And the most of all I regret I couldn`t buy you that vacation we have spoken of. I would definitely bring you to my country, the most beautiful place on Earth - Karmaland.
