This is fucking UNACCEPTABLE!!!!! Everybody will LOSE their MONEY!!!! THIS REALLY SMELLS LIKE SCAMMING PEOPLE!!!! I'VE KARMA COINS AND I WANT TO SEE REAL SWAP/ REAL FAIR SWAP AND NOT YET A SECOND SCAM SWAP!!!
I think you mean everyone will lose their
MONOPOLY MONEY because, lets face it,
this coin is fundamentally broken and currently completely worthless.. the only people to blame are those people who kept all their coins on exchanges (where they could easily be stolen) for the purpose of gambling instead of putting them to good use.
If I had my way I would have done a reverse split of all coins 1
new for 1000
old. dropping the current total supply down to 76 million (or so).. and then applying a 3-5% per annum indefinite inflation on the coin supply.
This would still result in the coins appreciating in value because peer to peer networks typically expand much faster than 3-5% per annum. Eventually it would level out to match the US and EU target inflation rates keeping the currency at a stable price so that it could actually be used as a currency for every day items (nobody wants to buy a pizza for 0.003 BTC or 1,000,000 Karm).
I would even consider adding a 10% mining tax to go into a development fund so the coin could actually progress beyond wishful thinking and talk-fests.
I am not a fan of swaps because they are ultimately pointless (just look at what happened with NZH Karm or whatever it was called)... but for
anyone to sit here and whine about being ripped off when their coins are currently worthless and they themselves are too effing lazy to get off their ass and do something to give value to the community (and their own investment) is childish at best.
Swaps are completely voluntary as all the work that has been done by community members up until this point so seriously QUIT complaining.
Quite frankly I am sick of all the bickering, that's why I didn't bother talking for a
long while
I actually went out into the real world and made some real money instead of crying in the corner like a self entitled brat; expecting someone else to make it for me.
The concept behind this coin was originally
a very good idea.. Karma wasn't a scam but it was poorly constructed by an amateur who thought he could get rich by mining for the first few months before anyone really took notice. This plan backfired spectacularly on the original dev who couldn't keep up with all the powerful miners that swooped in and gobbled up all the instamine coins that he had set up for himself. This coin is fundamentally broken because it is no longer worth mining. 100 years of mining with an entire GPU farm would not yield as many coins as the first few months of mining.
The fundamentals need to change before the coin can move forward. I said this
a couple of years ago and came back just last week to see that nothing has changed.
Hope and prayers will not save this coin.. nor will ICOs and coin swaps kill it. The coin is what
we make it, nothing more and nothing less.. It could be great but right now its just a pile of worthless numbers
(far too many worthless numbers).
~Alphi