To those who are selling their coins below the fair market price on the exchanges atm...I suggest you think it over.
The team is preparing something revolutionary, you may be pleasantly surprised.
-east
like what ?
Topic: [ANN][KARM] Karma / ₭ / X11 - page 156. (Read 583254 times)
To those who are selling their coins below the fair market price on the exchanges atm...I suggest you think it over.
The team is preparing something revolutionary, you may be pleasantly surprised.
-east
like what ?
To those who are selling their coins below the fair market price on the exchanges atm...I suggest you think it over.
The team is preparing something revolutionary, you may be pleasantly surprised.
-east
I see many great suggestions here, yes it is really enjoying. But we still don't have the white paper, which entails visions and the roadmap of Karma. kosmost, when we will get the white paper? Any ETA?
The one dev that I know could implement something like it, Hiro (our X11 dev), is no longer responding. He's also not responding in his own community (Hirocoin). Not sure what's up, but it seems common in crypto.
It's difficult to complete the whitepaper and confirm 100% that we can do what's in it if he's not responding. Our HR person and community moderator who were tasked with finding resources are also MIA (the former since day 1, actually)
Before we release something that says "the sidechain will be this" we want to be sure 100% that it can be done. Without proper feedback it's not easy.
"An Error Has Occurred!
The topic or board you are looking for appears to be either missing or off limits to you."
Apologies. I will paste the information here:
As a follow-up to this reddit post I've an attorney looking over the state and federal laws regarding securities registration, notably the following section of the Securities chapter of the Wyoming state CODE OF CIVIL PROCEDURE (Title 1)
Quote
(F) If the offering is of stock or shares (other than preferred stock or shares) and except as otherwise required by law, the securities have voting rights at least equal to the securities of each of the issuer's outstanding classes of stock or shares (other than preferred stock or shares), with respect to the number of votes per share and the right to vote on the same general corporate decisions;
from: http://legisweb.state.wy.us/statutes/statutes.aspx?file=titles/Title17/T17CH4.htm
17-4-114. Exemptions from registration and literature filing requirements.
Although we require additional legal counsel to verify this (via Karmashares LLC), basically it is presumed to state that we would need to offer voting rights to our members to manage the LLC ("the right to vote on the same general corporate decisions")
Our members (owners) all have voting rights and will all participate in the management of the LLC through voting, so this may not affect us.
We're likely to have been doing it the right way all along. But, again, we will seek additional and more thorough legal counsel regarding this.
-------------------
Another interesting reference:
Quote
The term “security” is broadly defined to include the expected stocks, bonds, etc., but also includes interests in pyramid sales schemes and even interests in the development of citrus orchards. The latter two examples are securities because they are “investment contracts”.
In 1946, the U.S. Supreme Court held in SEC v W.J. Howey Co. (328 U.S. 293) that an investment in a transaction or a scheme where a person invests his money in a common enterprise and is led to expect profits solely from the efforts of others is an investment contract, and therefore, a security. This test has been since used and interpreted extensively by the courts. It is this test that a lawyer should use when determining whether an interest in a limited partnership, general partnership, limited liability partnership or a limited liability company is a security.
The Howey test can be summarized as follows: passive investments, where investors do not have any decision-making power and just invest their money, are securities; whereas investments made by the principals, who are actively involved in the management of the enterprise, are not securities. So, limited partnership interests are generally securities because limited partners rely on the general partners to manage the partnership, unless they preserve some veto power, in which case the “investment contract” test would not be met.
...
If the LLC is member-managed, then each member is involved in management of the enterprise and has decision-making powers, and therefore their interests would generally not be securities. On the other hand, if the LLC is manager-managed, then members are just passive investors, and their interests are likely to be securities.
In 1946, the U.S. Supreme Court held in SEC v W.J. Howey Co. (328 U.S. 293) that an investment in a transaction or a scheme where a person invests his money in a common enterprise and is led to expect profits solely from the efforts of others is an investment contract, and therefore, a security. This test has been since used and interpreted extensively by the courts. It is this test that a lawyer should use when determining whether an interest in a limited partnership, general partnership, limited liability partnership or a limited liability company is a security.
The Howey test can be summarized as follows: passive investments, where investors do not have any decision-making power and just invest their money, are securities; whereas investments made by the principals, who are actively involved in the management of the enterprise, are not securities. So, limited partnership interests are generally securities because limited partners rely on the general partners to manage the partnership, unless they preserve some veto power, in which case the “investment contract” test would not be met.
...
If the LLC is member-managed, then each member is involved in management of the enterprise and has decision-making powers, and therefore their interests would generally not be securities. On the other hand, if the LLC is manager-managed, then members are just passive investors, and their interests are likely to be securities.
more at http://www.businesslawpost.com/2010/06/are-lp-gp-llp-and-llc-interests.html
---------------------
Further, there is an online book, "WHEN LLC INTERESTS ARE SECURITIES" (with a focus on Oregon case precedents, but still relevant)
http://law7555.com/books/articles/WhenAreLLCInterestsaSecurity.pdf
page 7:
Quote
LLC interests do not appear in the definition of the federal securities laws, nor in the securities law definitions of Oregon and most other states.
(also see page 8 & 9)Quote
Members of a manager-managed LLC are more likely to be passive investors in
need of the protections afforded by the federal securities laws. By the same
token, members of member-managed LLCs who are able to actively participate in
the management affairs of the entity are less likely to need such protections. But
even these characteristics may differ based on the economic realities and facts of
each case, making it difficult to establish bright line rules in this area.
need of the protections afforded by the federal securities laws. By the same
token, members of member-managed LLCs who are able to actively participate in
the management affairs of the entity are less likely to need such protections. But
even these characteristics may differ based on the economic realities and facts of
each case, making it difficult to establish bright line rules in this area.
However,
Quote
With respect to the assignment of an LLC interest, the resale of the right to share in profits
without the transfer of the right to participate in management could well mean
that the assignment falls within the securities laws even though the original sale
of the LLC interest did not.
without the transfer of the right to participate in management could well mean
that the assignment falls within the securities laws even though the original sale
of the LLC interest did not.
------------------------
hope this helps, and my apologies for the inconvenience
As I have mentioned before:
To address the need of those who cannot seem to find their way on the info they need about KARMA and KARMASHARES related topic, I will be building a simple site (almost like a KARMA for dummies), because it is what my capacity can do. A simple one.
There i would incorporate a KARMA BOUNTIES page, where all the needed works related to our community(KARMA) and their corresponding bounties will be made available to anyone. Someone can apply for a bounty by clicking a link, entering his intent, his proof of capacity(jobs done before) and his karma address.
This way every job will be easily traceable whether if someone is already working on it or not and how much is the bounty receivable from a specific work.
The first bounties are:
1. Translations, some of which are still ongoing. We have 5,650,000 Karma for that.
2. Facebook recruitment bounties, as you can see i updated that thread too http://karmashares.com/forums/index.php/topic,535.msg3671.html#msg3671
3. API development
4. Mobile device wallets (Android, IOs, Win)
5. Karmashares share explorer
6. SMS based non-smart phone app to enable KARMA transactions
As I have mentioned on the thread I will be adding another 10Million of my own coins for the bounties prize. So this post is a pre announcement of sort to make you aware that you can donate too when the site is up, so we can get things going.
Please remember that, the site will be aimed for the general mass so the over all look and feel will be geared to the ease of use and understanding rather than catering to technically inclined people, such as many of us here. And I am a lousy web designer too, so if you can throw some codes of CSS or PHP to help beautify the site later, you are more than welcome to do so.
The first request I will make, is for anyone who knows how we can automate payment for FB recruitment actions.(p4r4m0unt, ptman, learminer, socoban, Alphi, altcoingood, please help)
It should go similar to stellar coin sign up page. Simple and Automated. If you want to know what I am saying, kindly check stellar.org and if the programmers here can give me the codes to make the same thing happen in our Karma FB recruitment page, please do so.
All bounties will be listed there. All donations will have an amount and credited to the giver on the bounty page. So I hope you will share some coins when the page is up and get things moving instead of wishing them move.
Thanks. I will be busy making some of the initial pages, so please don't let anyone feel alone here. let us take karma where it should be.
What disruption are you avoiding? Devs are willing to be paid between 1BTC up for every single back-end software karma and karmashares need. Do you plan in selling 10BTC worth of Karma a day? I think not? So selling some karma slowly over a period of 24 hours to say, accumulate 0.5BTC a day, will not disrupt the market, in fact no one would even notice, yet in a month you'll have 15BTC's of funding available. Yes even at these bottom prices, 0.5 BTC worth of Karma is not disruptive. Lack of software support for Karma and Karmashares projects are what I would call disruptive.
If you have done that over the months that passed say APRIL to AUGUST you should have at least 75BTC "warchest". There are so many Devs but they need payment, if we can pay them well, we would not lack anything.
Check your team, who talks only and who works. You may be hurting them unintentionally.
If you have done that over the months that passed say APRIL to AUGUST you should have at least 75BTC "warchest". There are so many Devs but they need payment, if we can pay them well, we would not lack anything.
Check your team, who talks only and who works. You may be hurting them unintentionally.
if a proper bounty system, a stability fund and a proper voting system were set up then most of the issues we have today could have been avoided.
first example... (similar to what you said) if a small portion of the Karma fund (say one or two billion) was moved into a stability fund then some of it could have been sold into BTC when Karm was at 300 litoshi. some of those BTC could have been used to pay devs and some could have been used to buy up cheap karma in times like these, thus putting more upward pressure on the price.. so win win all round.. anyone who works in software development or computer hardware knows what a Buffer is and that is exactly what Karma needs.... no buffer = bad Karma.
I note that, at the time this is what I advised Karmashares to do and it is what I also did with my own coins. I am better off now because I followed my own advice hence why I am not complaining about the price.
second example.. if there were a clear voting process in place for Karmashares holders then those people who do not own Karmashares would have to shut up and those who do own karmashares would have a fair say in how things are being run. Without a mechanism for allowing people to have their say based on how much they have at stake, you are simply inviting people with little or no financial interest to shout as loud as they can so they can get their own way. this is bad Karma.
third example.. have a look at sites Airtasker and Freelancer.com.. both have models which are ideal for crypto currency. with all the crypto coins out there it is absolutely amazing to me that a proper bounty system has not been set up to cater to all of them.. each and every crypto coin (including karma) has the problem of how to get people to complete the small day to day operation and maintenance tasks and they are all doing it with the equivalent of pen and paper (i.e. manually typing in forums) and this is the digital age. once you set up an "ebay" style site for small jobs within the Karma community it is trivial to extend that to support every other coin that is out there and to other crypto based projects. If you set up a site like this using Karma as the backbone currency and then allowing people to cash out in Karm (by default) or BTC then you have a real business working on top of the karma network.. this is very good Karma.
this is a golden opportunity for anyone who wants it.
none of the suggestions I have made are disruptive to the market none of them require a herculean effort to achieve... in fact I would argue very strongly that taking no action on all 3 has done more harm to the market than the current price would seem to bear that out.
So karmashares and Karma leaders please continue to ignore my advice.. I do not mind.. I will continue to buy up the cheap coins and work on my projects until you guys decide to stop chasing pies in the sky for a brief moment and take the necessary steps to build your projects on solid foundations.
right now I am reminded of that old biblical tale.. the tower of babel...
watch this video for a bit of comic relief
https://www.youtube.com/watch?v=D97eg3oLMVs
PS
I think its time for me to take a small break from arguing the toss like I usually do when I have spent way too much time making contributions that later go unheeded.
good luck to everyone.. karma wont die even if one or two people fail to achieve their stated ambitions.. we are a community and a community only dies when its purpose does... so try not to get too emotional and try not to panic ... and above all don't rely on other people to do everything.. people fail.. the only person you can depend on to get things done is yourself..
I see many great suggestions here, yes it is really enjoying. But we still don't have the white paper, which entails visions and the roadmap of Karma. kosmost, when we will get the white paper? Any ETA?
confirmed...link is working....
Has anyone validated that the LLC is real?
Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Hi, You should validate it.Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Everything is transparent so far, so you just need to read. our words are as good as yours, so we cannot condense everything to your own satisfaction. You have to find it out for yourself and decide. Like you everyone here started somewhere, and for me seeing kos has done things with integrity, I decided to stay and try to help.
Oh I did! I found the Wyoming registration. What I am waiting to see is the legal basis for this not being considered a security per the SEC :-)
Because if you have a legal opinion on that then I'm investing bigtime!
If its just wishful thinking then you're tempting fate...
Please start here: http://karmashares.com/forums/index.php/topic,193.msg728.html
"An Error Has Occurred!
The topic or board you are looking for appears to be either missing or off limits to you."
Both links are not working. 
I will share again my thoughts about development of a coin:
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).
I am sharing my thoughts on this, because now I have an offer to sell my Karmashare wallets. It is good for me and I find them useless to me at this point, cause I don`t see how I will benefit from them anytime soon. But in order to make a proper decision, I would like somebody from team to share his thoughts on the next moves. Some kind of check list. I know it is the API and Android wallet, but then what? What bought me for Karma was the vision of kosmost about development of successful projects for Karmashares and the PoC model. The PoC model is not available anymore. Projects are down except lill and I am not sure where it will go from now on. So all the things I have believed in are gone. I definitely don`t believe that going to Philippines or Malaysia or whatsoever eastern country should be paid attention at all before making strong first 5 and return clear results. I don`t share your vision about that. Also, don`t be angry at me, but it seems to me that you are not the persons you were before, which is normal. Everybody changes into the face of failure and new challenges. And no one wants to start from scratch again and again. Or should I say I don`t want to. But again these are just my thoughts. I don`t want to wait for I don`t know how many years to justify my investment in coins, shares, ideas and time. So, if you have time, please write down something about your future plans. It will be valuable to me, cause I have to tell nearly 30 miners and small investors that I will not follow their interest in Karma anymore. They are grown people and will cope with it. Thank you.
I will share again my thoughts about development of a coin:
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).
I am sharing my thoughts on this, because now I have an offer to sell my Karmashare wallets. It is good for me and I find them useless to me at this point, cause I don`t see how I will benefit from them anytime soon. But in order to make a proper decision, I would like somebody from team to share his thoughts on the next moves. Some kind of check list. I know it is the API and Android wallet, but then what? What bought me for Karma was the vision of kosmost about development of successful projects for Karmashares and the PoC model. The PoC model is not available anymore. Projects are down except lill and I am not sure where it will go from now on. So all the things I have believed in are gone. I definitely don`t believe that going to Philippines or Malaysia or whatsoever eastern country should be paid attention at all before making strong first 5 and return clear results. I don`t share your vision about that. Also, don`t be angry at me, but it seems to me that you are not the persons you were before, which is normal. Everybody changes into the face of failure and new challenges. And no one wants to start from scratch again and again. Or should I say I don`t want to. But again these are just my thoughts. I don`t want to wait for I don`t know how many years to justify my investment in coins, shares, ideas and time. So, if you have time, please write down something about your future plans. It will be valuable to me, cause I have to tell nearly 30 miners and small investors that I will not follow their interest in Karma anymore. They are grown people and will cope with it. Thank you.
Check out and share your ideas
http://karmashares.com/forums/index.php/topic,608.0.html
http://karmashares.com/forums/index.php/topic,608.0.html
Has anyone validated that the LLC is real?
Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Hi, You should validate it.Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Everything is transparent so far, so you just need to read. our words are as good as yours, so we cannot condense everything to your own satisfaction. You have to find it out for yourself and decide. Like you everyone here started somewhere, and for me seeing kos has done things with integrity, I decided to stay and try to help.
Oh I did! I found the Wyoming registration. What I am waiting to see is the legal basis for this not being considered a security per the SEC :-)
Because if you have a legal opinion on that then I'm investing bigtime!
If its just wishful thinking then you're tempting fate...
Please start here: http://karmashares.com/forums/index.php/topic,193.msg728.html
Has anyone validated that the LLC is real?
Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Hi, You should validate it.Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Everything is transparent so far, so you just need to read. our words are as good as yours, so we cannot condense everything to your own satisfaction. You have to find it out for yourself and decide. Like you everyone here started somewhere, and for me seeing kos has done things with integrity, I decided to stay and try to help.
Oh I did! I found the Wyoming registration. What I am waiting to see is the legal basis for this not being considered a security per the SEC :-)
Because if you have a legal opinion on that then I'm investing bigtime!
If its just wishful thinking then you're tempting fate...
easier said then done.
75 btcs at 1 satoshis level would mean 7.5 billion coins. this is assuming there is 75 btc worth of buying volume in the exchanges
Then what? you think 75 btc could save karma coin?
Also not to mention that people trust us to do something extremely valuable with those coin invested. It feels bad using those coin to buy a dev to do the insight API. from 100 to 250 mills of coins need to be sold at 1 satosh level to get 1-2.5 btcs for this. its a sad number. those 100 mills could be much more valuable down the road.
its even more sad that everyone went up to their edge of the chair regarding POC. no not my precious POC. but when something is needed for KARMA. Zomg spend the LLC members money! quickly, my coins are losing value.
the LLC coins were collected to improve the LLC So then the LLC would be able to sustain Karma. The LLC was created to allow us to build actual serivces that would use karma.
Karma is on everyone shoulder here. How come no one is willing to donate BTcs to the construction of karma.
75 btcs at 1 satoshis level would mean 7.5 billion coins. this is assuming there is 75 btc worth of buying volume in the exchanges
Then what? you think 75 btc could save karma coin?
Also not to mention that people trust us to do something extremely valuable with those coin invested. It feels bad using those coin to buy a dev to do the insight API. from 100 to 250 mills of coins need to be sold at 1 satosh level to get 1-2.5 btcs for this. its a sad number. those 100 mills could be much more valuable down the road.
its even more sad that everyone went up to their edge of the chair regarding POC. no not my precious POC. but when something is needed for KARMA. Zomg spend the LLC members money! quickly, my coins are losing value.
the LLC coins were collected to improve the LLC So then the LLC would be able to sustain Karma. The LLC was created to allow us to build actual serivces that would use karma.
Karma is on everyone shoulder here. How come no one is willing to donate BTcs to the construction of karma.
Has anyone validated that the LLC is real?
Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Hi, You should validate it.Should be able to see that from the Secretary of State website.
All I see is that its "planned" or in process -- which is suspicious since all it takes is one day to file.
Everything is transparent so far, so you just need to read. our words are as good as yours, so we cannot condense everything to your own satisfaction. You have to find it out for yourself and decide. Like you everyone here started somewhere, and for me seeing kos has done things with integrity, I decided to stay and try to help.
If you want people to get involved into karma related products you first have to make sure they will buy karm.
So i have been looking at what brought us a big amount of karma in 'fundraising' and i thought of the karma world cup. Now, to bet on a football outcome is a huge step, because people have to choose something but they rather want it to be random. The karmaworldcup was a succes, i think. So i suggest to you...
the karma lottery fundraiser!!!
Supporting good causes doesn't have to be dull...
With only 0.06$ you can win money AND support a good cause.
The Karma lottery is here for doing good, but also thanks you with a possible reward.
How can you participate?
A ticket costs only 20.000 Karma, at current exchange rate that is about 0.06$
The only thing you have to do is decide how much tickets you want to buy, multiply that number with 20.000 and send that amount to xxxxxxxxxxxxxxxxxxxx well make sure every 20.000 karma gets a separate number.
In 30 days, there will be chosen 20 random numbers out of the total amount of tickets sold. 1st ticket ticket chosen is 1st place, 2nd ticket 2nd place etc... The price money is distributed as followed
1st price: 20% of the price pot (now referred to as 'opp')
2nd price: 12% opp
3th place : 8% opp
4th to 10th place: 3% opp
11th to 20th place: 1.5% opp.
76% of the pot will be given to contesters, so what happens with the other 24%
20% will be given to a charity of our choice, if the community has a strong desire for a cause this one will be chosen.
4% will be given to the karmashares llc so secure the coins infrastructure.
As you see, your ticket price is depending on the price of karma, SO BE FAST!
You can participate with a limitless amount of tickets.
The price will be paid out in Karma, so the address your coins are send with will be the address your price will be send too. It is completely anonymous but the list of contesters will be open to public and will be updated every 48 hours.
Good luck and remember, doing good is good!
Well, any comments? We make karma known, we add pressure on the market, we add value to karma as more people know about it and it could possibly grow our community with members we are looking for.
Please comment to this as it is sad if an idea gets no response, this idea is simpel... Should distribute itself because more people participating is a larger price pot.
So i have been looking at what brought us a big amount of karma in 'fundraising' and i thought of the karma world cup. Now, to bet on a football outcome is a huge step, because people have to choose something but they rather want it to be random. The karmaworldcup was a succes, i think. So i suggest to you...
the karma lottery fundraiser!!!
Supporting good causes doesn't have to be dull...
With only 0.06$ you can win money AND support a good cause.
The Karma lottery is here for doing good, but also thanks you with a possible reward.
How can you participate?
A ticket costs only 20.000 Karma, at current exchange rate that is about 0.06$
The only thing you have to do is decide how much tickets you want to buy, multiply that number with 20.000 and send that amount to xxxxxxxxxxxxxxxxxxxx well make sure every 20.000 karma gets a separate number.
In 30 days, there will be chosen 20 random numbers out of the total amount of tickets sold. 1st ticket ticket chosen is 1st place, 2nd ticket 2nd place etc... The price money is distributed as followed
1st price: 20% of the price pot (now referred to as 'opp')
2nd price: 12% opp
3th place : 8% opp
4th to 10th place: 3% opp
11th to 20th place: 1.5% opp.
76% of the pot will be given to contesters, so what happens with the other 24%
20% will be given to a charity of our choice, if the community has a strong desire for a cause this one will be chosen.
4% will be given to the karmashares llc so secure the coins infrastructure.
As you see, your ticket price is depending on the price of karma, SO BE FAST!
You can participate with a limitless amount of tickets.
The price will be paid out in Karma, so the address your coins are send with will be the address your price will be send too. It is completely anonymous but the list of contesters will be open to public and will be updated every 48 hours.
Good luck and remember, doing good is good!
Well, any comments? We make karma known, we add pressure on the market, we add value to karma as more people know about it and it could possibly grow our community with members we are looking for.
Please comment to this as it is sad if an idea gets no response, this idea is simpel... Should distribute itself because more people participating is a larger price pot.
Bierworst, thanks for becoming more active, I know what you mean when an a idea is put forth and no one seemed to care, so I make it a point that if I can reply to a post and not mis-represent l Karma and Karmashare, to the peril of being accused of "talking" only. Well, I care for all good intent like this, because it shows karma community do care, and are trying to think of ways they are capable of to "help". That is the reason why I requested p4r4m0unt to open a thread where, good ideas are to be collected with proper credits to those who posted it.
But we have to remember that, even the "team" have other things to do, so the limited time we have that we can use to respond to all posts here is being use in priority to "more pressing" matters, and somehow no one can really keep up with everyone.
About your suggestion above, let us allow other community member to voice their opinion on that. For me it's ok as long as we wont have a problem from legal point of view.
Excuse me, this will be my first post. Though I am a long time Karma "supporter". I have several hundred millions of them and I exchanged some too for karmashares.
I am happy that, a good named coin like KARMA has survived and proved that the community that took it over is not a scam and showed genuine concern for it and the people who trusted them.
Now, because of the recent events, the vibes I can read in this thread has gone to being light and happy to sad and bitter.
I am happy that, a good named coin like KARMA has survived and proved that the community that took it over is not a scam and showed genuine concern for it and the people who trusted them.
Now, because of the recent events, the vibes I can read in this thread has gone to being light and happy to sad and bitter.
Awesome first post! I applaud you. Allow me to respond...
What is wrong?
I guess the leadership method is wrong. While the team are honest and works hard for the benefit of karma, some of them act authoritarian and cold whenever someone new express views and ideas different to what they hold as important, like kosmost will bash those who talk about the price (hey wake up value is about the price, let them talk of what is important to them, the important thing is that they trust you and make the effort to be active here). This is very unhealthy to a community that supposed to grow and help. The community may exert all their effort to bring in more karma user, but if they experience, hostility from hot headed and overly protective karma team members as though they are the only ones who have good enough ideas to pay attention to, then those new karma user will shut their mouth and be silent investors instead, that is if they even decide to stay.
This kind of community leadership is only good to the paid corporate environment. Not in a volunteer based community, which karma is still in until today. Even paid workers will appreciate being appreciated. I even read some karma team treating some posters as though they are just there to leech coins. Bad karma.
I guess the leadership method is wrong. While the team are honest and works hard for the benefit of karma, some of them act authoritarian and cold whenever someone new express views and ideas different to what they hold as important, like kosmost will bash those who talk about the price (hey wake up value is about the price, let them talk of what is important to them, the important thing is that they trust you and make the effort to be active here). This is very unhealthy to a community that supposed to grow and help. The community may exert all their effort to bring in more karma user, but if they experience, hostility from hot headed and overly protective karma team members as though they are the only ones who have good enough ideas to pay attention to, then those new karma user will shut their mouth and be silent investors instead, that is if they even decide to stay.
This kind of community leadership is only good to the paid corporate environment. Not in a volunteer based community, which karma is still in until today. Even paid workers will appreciate being appreciated. I even read some karma team treating some posters as though they are just there to leech coins. Bad karma.
It's good to appreciate people. That's why I came up with the idea of the Karmawards, to show our appreciation for members of the team and community for their hard work. See here: http://karmashares.com/forums/index.php/board,50.0.html
However, I've retired the thread after I realized that people didn't really like the idea (because of lack of new posts)
It's unfortunate that you feel that I "bash" those who talk about price. There is nothing wrong about price. There is a tremendous imbalance between price posts versus value posts, which is what I often highlight (and I've stated as much before). If you can back up your statement with a post of mine (where I am bashing someone who is talking about price) I'd love to see it.
Maybe the team is made up of super rich guys that are used to looking down on their employees, or whatever it is that made some of them bossy and snob, they have good places to fill here. But not in community communication, sorry you will only negate the effort of the community to bring in more karma user base. Much less find people who will volunteer under your supervision. Look at socoban, what happened to him? Did he not volunteer and made the explorer? When he raised valid inquiries how was he treated? Like an enemy. We are not enemies here. Or maybe that's how the team feels whenever someone raises a valid question on how they conduct their affairs.
Sorry, but this isn't the case. I'm not sure where you get that idea from.
Please let me know what valid questions were raised that you feel were not responded to, so we can discuss it.
So please. I know I will be pissing many of you. But let this be a reminder, if you are not good in maintaining the small community that still shows loyalty to this Karma coin don't expect the community to grow.
I can't think of any reason why you would be.
I agree on your last point.
How do you suggest we foster the right kind of community here on bitcointalk?
Kosmost maybe good. Heck no one can do what he have done so far for this coin. But he cannot do it alone, but whenever he says his team is only talking and not doing anything, he may think he is saying the truth. But he forgets that with that kind of statements, whatever small help he is getting will also be affected. In the end, the ones who will stay with him are those who really just talk and praise him. Those community members who work for free and get that treatment will surely choose to just let go of whatever unappreciated work they are doing. So while kosmost will not be able to do this endeavor alone, the way he speaks here in this forum now will lead him to work alone.
Sorry, but I have not said that the "team is only talking and not doing anything". I do tend to choose my words carefully, and am conscious of not saying something like that.
If I say "team" I also include myself. I am not saying that the entire Karma team does not do anything. KarmaKaGuy has been very good at setting tasks and getting stuff done. But I will not lie and say that most of us are doing something, because it isn't true. There is also a lot of things that I haven't yet done. I am part of the team, as well.
however, I do not want to name names and say which members of the team have been active on their tasks and which have not. But I don't beat around the bush.. if someone's not doing their job I will ask them politely the first few times. After that, I will talk to the team about it. After that, it will just be a matter of public record. And I expect the team to call me out on tasks as well, and they've done just that. We can't say that we want transparency but not want to know when people aren't doing their jobs, can we?
It is evident, kosmost is good with business, but is not as good in growing and maintaining the community people. Let kosmost lead karmashares/and all karmashare businesses.
Make bitwho the leader in communicating to the community here or anyone else that you deem good in human relations. For Pete sake do not let a hot head speak for karma. If a karma representative shows aggressive behavior in public that would reflect bad for this community and the coin.
Make bitwho the leader in communicating to the community here or anyone else that you deem good in human relations. For Pete sake do not let a hot head speak for karma. If a karma representative shows aggressive behavior in public that would reflect bad for this community and the coin.
It doesn't matter if I am good at business or not. What matters is the results I provide to Karma, and the way we go about achieving those results.
Fortunately, I am not the community manager nor have I aimed to be. That role was assigned to Delaforetnoire, who we have not heard from in a long while. However, I tend to respond to posts on our various channels as much as I can. I am not the kind of person to lead a community and am under no impressions that I should be.
I propose that we try you as the community leader. if this is your first post I'd love to see what else you have to offer. You raise some good points and you seem like someone who could help get stuff done.
Re-organize. People who use karma, add value to it. Lose them and you lose the value you say you are working for.
There really isn't anyone using Karma now. We have not found our market because we had not previously identified it. Now that we have identified it to some extent, we are not pursuing it.
But I propose that cryptocurrecny people are not the kinds of people to lead the community formed by our target market
Maybe this will not be important when you pay the people working for karma and you can all act as angry managers, but until then, this community will gain much in treating each other the way you may want to be treated.
And next time, don't let the community wait for something negative like a no deal. it will always look fishy.
And next time, don't let the community wait for something negative like a no deal. it will always look fishy.
This has already been explained. Perhaps you missed the explanation. Negotiations took place up until August 31. To notify the community of a result before negotiations have ended (or to post certain things publicly, where anyone including the VC could read them) would not make sense.
Another thing, I understand that the coins exchanged in karmashares are fund for development. Why is it that until now, nothing is developed that was paid for by it? Are we waiting for a time when those coins' value is too little to be used? Pay the devs! Just like how you paid Hiro. pay for what karma and karmashares need. Don't expect the volunteers to churn out anything. Karma is past that point of volunteerism. There is fund now to keep things moving. Use that.
To those who work for karma and karmashare, please keep up the good works and change the bad ones. Thanks. (note* I will re-post this whenever I see someone does these things again)
To those who work for karma and karmashare, please keep up the good works and change the bad ones. Thanks. (note* I will re-post this whenever I see someone does these things again)
One of the purposes of the fund would be for development, yes.
Previously, our LTC market did not have the volume to sell some of the Karma without disrupting the market. There are other reasons, too, but I think that is mostly it.
When you can find some devs we'd love to pay them
We are not expecting volunteers to do everything. However, we do expect a few people in the community to help with organization and getting these efforts together.
Thanks again for your suggestions and comments. Please keep them coming!
Thanks for taking the time to respond.
The fruit will show the kind of tree. When our community grow it is a source of your pride too.
I smiled about your response on why you haven't use the funding available yet, saying you don't want to to "disrupt" the market, it almost meant you cared about the price! What disruption are you avoiding? Devs are willing to be paid between 1BTC up for every single back-end software karma and karmashares need. Do you plan in selling 10BTC worth of Karma a day? I think not? So selling some karma slowly over a period of 24 hours to say, accumulate 0.5BTC a day, will not disrupt the market, in fact no one would even notice, yet in a month you'll have 15BTC's of funding available. Yes even at these bottom prices, 0.5 BTC worth of Karma is not disruptive. Lack of software support for Karma and Karmashares projects are what I would call disruptive.
If you have done that over the months that passed say APRIL to AUGUST you should have at least 75BTC "warchest". There are so many Devs but they need payment, if we can pay them well, we would not lack anything.
Check your team, who talks only and who works. You may be hurting them unintentionally.
After all this pointless drama and anger, I am happy to see many new Karmanions getting active here in some way. I am officially suggesting that our first target for the next month is to not sell lill again!
[snips]
FWIW, Takes even longer to register your security with the SEC
Which from all outward appearances it sure looks like that's what you're offering IMHO...
FWIW, Takes even longer to register your security with the SEC
Which from all outward appearances it sure looks like that's what you're offering IMHO...
We've already been through whether or not we are offering securities (we are not)
but thanks for your concerns
That's really great to hear. Where's it documented? Do you have that opinion from a lawyer or are you just hoping you aren't?
Just want to know what I'm getting into before I make a significant investment...
[snips]
FWIW, Takes even longer to register your security with the SEC
Which from all outward appearances it sure looks like that's what you're offering IMHO...
FWIW, Takes even longer to register your security with the SEC
Which from all outward appearances it sure looks like that's what you're offering IMHO...
We've already been through whether or not we are offering securities (we are not)
but thanks for expressing these concerns
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