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Topic: [ANN][KARM] Karma / ₭ / X11 - page 134. (Read 583254 times)

sr. member
Activity: 448
Merit: 250
September 09, 2014, 12:50:12 PM
Some facts, to restate again and again.

1) I still have my coins

2) There was no pump and dump

3) There was no scam

4) All coins have been returned to the addresses from which they were sent (100%)

5) I shut down Karmashares due to both personal risk and the lack of community support (and personal attacks and insults)

6) The price of Karma is still higher (nearly 300%) than it was the day before Karmashares was announced, despite all the "dumping" that you guys yell and scream about

I am voluntarily maintaining Karma services out of my own pocket as we speak. I shut down lill because the servers it runs on (db servers, load balances, static servers) cost about $500 a month. Without your support I do not feel the need to continue Karmashares, plain and simple, especially when I am at risk.

Some people want all the rewards without any of the risk.

I no longer want to take risk.. you can bitch and moan all you want, but the facts are above.

I can understand your points and I know you did a lot for Kama.
But man... why closing Karmashares without a more severe warning before doing it?
Maybe more members of the community would wake up and contribute more?
Maybe more members of the community stoped bitching about not liking the possibility of having to end the PoC holding model because of the SEC?

The problem in the eyes of the community was not that you ended Karmashares.
It is the way you did it.

yes ptman, this is it.
sr. member
Activity: 532
Merit: 250
September 09, 2014, 12:40:21 PM
Some facts, to restate again and again.

1) I still have my coins

2) There was no pump and dump

3) There was no scam

4) All coins have been returned to the addresses from which they were sent (100%)

5) I shut down Karmashares due to both personal risk and the lack of community support (and personal attacks and insults)

6) The price of Karma is still higher (nearly 300%) than it was the day before Karmashares was announced, despite all the "dumping" that you guys yell and scream about

I am voluntarily maintaining Karma services out of my own pocket as we speak. I shut down lill because the servers it runs on (db servers, load balances, static servers) cost about $500 a month. Without your support I do not feel the need to continue Karmashares, plain and simple, especially when I am at risk.

Some people want all the rewards without any of the risk.

I no longer want to take risk.. you can bitch and moan all you want, but the facts are above.

I can understand your points and I know you did a lot for Kama.
But man... why closing Karmashares without a more severe warning before doing it?
Maybe more members of the community would wake up and contribute more?
Maybe more members of the community stoped bitching about not liking the possibility of having to end the PoC holding model because of the SEC?

The problem in the eyes of the community was not that you ended Karmashares.
It is the way you did it.
sr. member
Activity: 348
Merit: 250
September 09, 2014, 12:39:28 PM
So kosmost how can a smooth transition of assets be achieved? What's on your mind?
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 12:37:43 PM
Some facts, to restate again and again.

1) I still have my coins

2) There was no pump and dump

3) There was no scam

4) All coins have been returned to the addresses from which they were sent (100%)

5) I shut down Karmashares due to both personal risk and the lack of community support (and personal attacks and insults)

6) The price of Karma is still higher (nearly 300%) than it was the day before Karmashares was announced, despite all the "dumping" that you guys yell and scream about

7) Network security is still far higher than it was before Karmashares was announced. Not many people remember 69 Mh/s (especially not on the team.. because there was only me for that week.. everyone else abandoned Karma).. Karmashares was announced 2 days later in order to save Karma.

I am voluntarily maintaining Karma services out of my own pocket as we speak. I shut down lill because the servers it runs on (db servers, load balances, static servers) cost about $500 a month. (Nobody wants a slow search engine, so I decided on my own to pay for this setup in order to make it a couple of seconds faster than it would have been without it.) Without your support I do not feel the need to continue Karmashares, plain and simple, especially when I am at risk.

The server Karmashares runs on will be shut down, too. This is about $40 a month. It also holds Karmashare.me. We may be able to transition the forum posts to another website, from a community member who has stepped up regarding recent events. (Thank you)

It's amazing that I have probably worked harder than anyone here, spent hundreds of hours and tens of thousands of dollars on karma... to be treated like this. You should all be ashamed, really.

Some people want all the rewards without any of the risk.

I no longer want to take risk.. you can bitch and moan all you want, but the facts are above.

The funniest post was someone who said that I "cannot face the real world". But, of course, no one would volunteer to put their name as the responsible person of the LLC. Only 1 have, so consider that before you complain.
legendary
Activity: 1019
Merit: 1001
Spectreproject Community Manager
September 09, 2014, 12:33:32 PM
I'm reading all these squabbles, side squabbles and circular arguing.
I just need to know one thing straight from the horses mouth.

Kosmost - have you really and truly quit Karma the coin? - or just closed karmashares LLC
               second - if you've quit Karma coin.......why are you hanging around?

Thanks for your answers.

edit- looks like you were answering above while I was typing.
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 12:30:33 PM
@Kosmost, can I ask you to delete it from your signature "Karma Project Lead" !!!
After all you've done for this community is a crime to have this banner!

Good idea. But first, can you please tell me 3 things that I have done?

You do not need three things, only one!
You abandon the community that you believe! This is more than three! Never, I would never do that, even if the situation is hopeless! Conclusions do alone!
.... I will never forget your words! ..... We are not followers .. we are the leaders! ....... All evaporate!
Sorry, it is everything to be selfless on your part, but do not prove it!

If you cannot list 3 things, then please do not make statements like "After all you've done ....". It implies I have done more than 1 thing.

1) I have not abandoned the community. I am still here, making sure that our websites and services are not disrupted. I am replying to posts as best as I can. Really, would anyone else be as patient as I have here now, holding my tongue after reading practically every post calling "scam", "liar", etc ,etc.. even from my own team (you know.. the one that mostly stood by while I did most of the work. Bravo to the last 2 weeks, but we have been working on Karma for much longer than that.) Please tell me what I have done to abandon the community?

Someone sold coins, people started to yell "scam", I asked what will anyone do specifically to help our new direction, no one responded, I closed Karmashares with the intention of not leaving the community.

However, the barrage of recent posts makes me feel quite unwelcomed. So I have reconsidered my decision to remain a part of Karma. There is next to no one speaking up in support of either 1) rationality or; 2) me. Karma seems quite happy following the herd of irrational and unfounded statements.

Shutting down Karmashares was a personal choice do to the risk involved and the lack of support here. It's amazing that no one can understand this.

2)

3)
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 12:24:20 PM
Sorry, but you are drunk or you're on drugs!
The man who believed thousands of investors, which would give the keys to his house ... it turned deserter! The man who utterly bankrupt thousands of investors who gave their last money! And you believe this guy?


it might be time to start insulting people with comments like these.

Can you please explain how I "bankrupt thousands of investors"?

No money was exchanged. Coins were gives, and refunded.

err sorry but this is not really a thoughtful dispute on both sides....

BTW I heard that Karma will be on Gox soon! (sorry I needed a little distraction, just a joke)

Would you like to present the other side of the argument?

Please keep in mind that the only responsible person for the LLC is me and I am the one most at risk.

I'd love to hear them.
sr. member
Activity: 425
Merit: 250
September 09, 2014, 12:21:46 PM
@Kosmost, can I ask you to delete it from your signature "Karma Project Lead" !!!
After all you've done for this community is a crime to have this banner!

Good idea. But first, can you please tell me 3 things that I have done?

You do not need three things, only one!
You abandon the community that you believe! This is more than three! Never, I would never do that, even if the situation is hopeless! Conclusions do alone!
.... I will never forget your words! ..... We are not followers .. we are the leaders! ....... All evaporate!
Sorry, it is everything to be selfless on your part, but do not prove it!
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 12:19:44 PM
kos most you have mental and health issues ( the reason things are on a downward trend) cant we leave it at that

Do you have anything to back up your statement or are you just talking out your rear end because you think it's cool?

Can you coherently state why you think that? I'd love to hear it.

Perhaps I will add yours to the list of posts that say things that aren't true and aren't backed up with any reasoning or evidence, such as this one: https://bitcointalksearch.org/topic/m.8747313 and quite a number of others over the past few days.

When I ask for evidence (or reasoning) people don't respond. I wonder why?
legendary
Activity: 1274
Merit: 1000
September 09, 2014, 12:15:44 PM
@Komost:

You're flip flopping.

You statement makes it as your done with everything. Yet your post content, that make the community believes your still involved.

Please make an official statement whether you're done with working with karma as "team" member or not.
newbie
Activity: 28
Merit: 0
September 09, 2014, 11:45:37 AM
You know what I thought? KOSMOST that specifically dumped the price and now he buys coins at a low price. And then fly to the Philippines and start working again, and the price will be 600 Litosh. genius
sr. member
Activity: 448
Merit: 250
September 09, 2014, 11:36:12 AM
Sorry, but you are drunk or you're on drugs!
The man who believed thousands of investors, which would give the keys to his house ... it turned deserter! The man who utterly bankrupt thousands of investors who gave their last money! And you believe this guy?


it might be time to start insulting people with comments like these.

Can you please explain how I "bankrupt thousands of investors"?

No money was exchanged. Coins were gives, and refunded.

err sorry but this is not really a thoughtful dispute on both sides....

BTW I heard that Karma will be on Gox soon! (sorry I needed a little distraction, just a joke)
full member
Activity: 219
Merit: 100
September 09, 2014, 11:36:06 AM
kos most you have mental and health issues ( the reason things are on a downward trend) cant we leave it at that
sr. member
Activity: 348
Merit: 250
September 09, 2014, 11:35:54 AM
Ok I have a proposition.

Club together 60M Karma and I will bring in 60 new people to this community within days. I will put in 10M for further bounties once the giveaway is complete. This thing will be all over twitter within days and more people will be brought in.

There is a working twitter tipbot right? I will fund the new users to begin sharing Karma on twitter.

You don't have to give the Karma to me directly obviously. Just have them in a public address and be ready to transfer them to the new people.

This can happen immediately. The new people will be made aware that they are going to come in and help save the coin.

The way I see it is what have you got to lose? 60M Karma between you?

Thanks.
I think this is a good idea to bring new people although I think it should bring 600 at least Wink
newbie
Activity: 28
Merit: 0
September 09, 2014, 11:35:36 AM
KOSMOST. I'm working with a friend on a very interesting detailed design for the Internet traffic and advertising. Which will run until disappears online. Can we talk to you in PM? I contact you?
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 11:33:51 AM
your loss of money IS kosmost fault!!!!
an leget offer should of brought value (even if refused)it was handled very very poorly... most think it is a lie.
then he did what he thought was right(right for himself anyways)and said it effected his health(he here more now than before)time to learn a lesson for us all and move on.

In order to defend myself from the barrage of irrational, untrue, unfounded, and just plain stupid statements from just about everyone here, yes.
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 11:32:23 AM
Sorry, but you are drunk or you're on drugs!
The man who believed thousands of investors, which would give the keys to his house ... it turned deserter! The man who utterly bankrupt thousands of investors who gave their last money! And you believe this guy?


it might be time to start insulting people with comments like these.

Can you please explain how I "bankrupt thousands of investors"?

No money was exchanged. Coins were gives, and refunded.
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 11:30:29 AM
@Kosmost, can I ask you to delete it from your signature "Karma Project Lead" !!!
After all you've done for this community is a crime to have this banner!

Good idea. But first, can you please tell me 3 things that I have done?
hero member
Activity: 770
Merit: 500
September 09, 2014, 11:27:26 AM
Dump again on mintpal
hero member
Activity: 1022
Merit: 501
Creator of the ICO
September 09, 2014, 11:26:16 AM
So that's where all your questions came from......you were acting like a potential investor as well.

I asked my attorney to evaluate the legal standing of Karmashares LLC and he advised that it would not likely pass an SEC review.  From all outward appearances that it was a solicitation of an unregistered security and certainly from a largely unsophisticated investor based on what we read here.

So I invested in GIVE instead which has the same type of goal, but is way more transparent.

Better to help support the KARMA community at an arms length and in a legitimate Non Profit IMHO

You have to ask "for who's benefit" are you involved in KARMA, and then determine how much of a hypocrite you might be...

-dvd

We've already been over what a security is, more times that I can count.

Do you know the definition of what a security is, and how that applied here?

Yes I do, as does my law firm who is also crypto-savvy.  

Here is what they said:

"Several of the earliest cases involved the wireless cable scams perpetrated
in the 1990s. These
programs raised funds from hundreds of unsophisticated retirees – scattered
over many states – through the sale of interests in member-managed LLCs.
Despite the fact that these LLCs were member-managed, all courts held these
interests to be securities. See: SEC v. Shreveport Wireless, 1998 WL
892948,1998 US Dist LEXIS 23086, [1998 Transfer Binder] FED SEC L RPTR
(CCH) ¶ 90,322 (D DC 1998) (sales to 2000 geographically diverse investors);
Nutek Information Systems v. Arizona Corporation Commission, 977 P2d 826
(Ariz App 1998) (sales to 920 investors)"

It also worries me that they claim "Please note that Karmashares membership
is only offered privately, not publicly." EVEN THOUGH THEY DESCRIBE HOW TO
GET KARMASHARES RIGHT THERE ON THE PUBLIC WEBSITE, including a link "Send
karmacoins here to get karma shares."

And, in the same paragraph we see, "100% of profits will be distributed to
members on a quarterly basis according to each member's percentage owned of
Karmashares LLC." right next to "Further, exchanging your coins for
membership should not be considered an "investment""

The SEC isn't stupid. If it walks like a security and quacks like a
security, they'll treat it as a security.

I wouldn't touch this with a ten block pole."

I wasn't asking for anecdotes but for actual legal wording.
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