Topic: [ANN][KARM] Karma / ₭ / X11 - page 186. (Read 583278 times)

Its a little bit unlucky how it goes now.
Shareholders and also the coinholders are not sure anymore
who, how and if they will receive there cuts.
In my case I hold 40mio since months cause I thought it is a sure
cut if they pay out something to share and coin holders.
And i think many coins are not on the market cause of that and that means
holding is also one of the reasons why its not dumped to the buttom anymore.

Please devs clear it up so that we all know if its "worth" to hold. Ty

btw are you ready for the PND spectacel in a few hours
Karma and PND my both early adopter and long term coins.

http://karmashares.com/forums/index.php/topic,577.0.html

Remember. i am collecting a bunch of "coders" to do some brainstorming collaborating and work on projects to strengthen karma. Here is the forum post :




Do you have 5 minute for Karma? 

What I've written is based on recent discussions held here http://karmashares.com/forums. I'm not part of the development team.

To clarify my answer:

As easteagle13 keeps advising the lead developer Kosmost said:


However, given this is buried in the middle of a 10 page thread I would not consider this policy, only an opinion on a problem with a proposed solution and the effects of the proposed solution. It has not been discussed thoroughly and has not been voted on. It is actually a very similar issue to "http://karmashares.com/forums/index.php/topic,567.0.html" and should not occur for the same logic used to veto it.

Also, it is actually at least 30 days holding to be eligible for up to 1x. If you held at least 10,000,000 Karma for at least 30 days I believe the Karmashares profit share equivalent is:
Karma*number of days Karma held in that quarter/number of days in the quarter/1,000

I don't have a reference for the above.

On a related note:
"Karma Story" by Chargin time, contains lateral thinking, ages 6 & up, italics added for excited emphasis on words:
20 monkeys are told apples may at some point allow them to receive an unknown amount of bananas which would be divided among all holders of apples. These apples are worth an unknown amount of bananas, nobody knows how many bananas the apples will be worth. All the monkeys have or can buy grapes with their bananas, they can also sell their grapes for bananas. The monkeys are told they can trade 100 grapes for 10 apples now or 100 grapes for 2 apples later. Like all monkeys, these monkeys really want the bananas. The monkeys have to decide if they should trade their grapes for a banana now or buy apples now for a chance to get lots of bananas later or hold onto their grapes to see what they can get for them later.

If all of a sudden there are 1,000 bananas to distribute among everyone with apples, what is better Karma?
1. That the rules change so that monkeys that didn't trade grapes for apples can't buy them any more (even at 1/5th the rate) because they didn't have enough faith in apples; or
2. They can trade their grapes into apples like they have always been told they can even though it means that people that have apples will get less bananas?

It's late. I don't have kids. I'm not calling anyone a monkey. First draft of story, needs work, apples should be for apple pie making business, not themed well enough, simplicity of concepts needs to be reviewed for target age, too wordy, apple pie making business run by what animal?

Chargin.

Exactly, but i feel it is important for me to know how big the chances are that there will be a sell of lill. If thats the case i will buy shares worth 27mil karm so i can fund my university books via this way. If there is no sell, it has little use for me to buy shares and i am forced to sell those 27 to 50 mill on the market. Which would give me far less money and which would not be good for the market.

I felt the same. For me, it is also important to have some shares just for the feeling to be part of until the good or bad end of it . Long-term vision in crypto is rare. Moreover, only as a shareholder you can vote!

Please read the posts before this, think about them and choose the decision that is most convenient for your situation.

I need suggestion here.

I haven't did anything to my karma coins. They are still in my local karmacoin wallet.

What would you suggest me?

Furthermore, i believe in karma, im just a little bit old fashioned that i like to have control over my funds. I would not ditch karma just because i want money, i would only sell a small part if i need money.

Thank you, so, assume i would send 27 million ( 1/3 of my stash ) to karmashares llc right now. Can somebody make me an easy calculation what percentage of the PROFIT i would get for this quarter ( profit assuming there would be one)

Like I said you can choose, if you need the money convert your coins, it's yours anyway. The payment period for profit share will be made ASAP.

As for the profit share for a quarter, it is the way it is AS OF NOW which is under consideration of being changed later when the sale or non sale of lill.com is finished.

As can be read from kosmost post quoted before this post, LLC membership will be PAUSED from September 1, 2014 To accomodate changes that are being considered for implementation.

So the only requirement for a "member" to receive the quarter's profit share is to have held 10M and above for 30 days (AS OF UNTIL NOW).

Thit is interesting question.

True but, assume i need money now (new college year starting, books, tution fees) how would the profit of the llc be paid to me and, how fast would it be paid to me.

Further, why wouldn't i receive 1/3 of the quarter if i only held the coins for 1/3 of the quarter

wow, crocko. These words from you! Things must look very bright then

We escaped from the August "bear trap",  time to raise and shine, KARM !

Hmmm the real question is which is better?

With LLC
-When you exchange your coins to LLC you get 1.7X share points
-You will have a continuous source of side income (quarterly, when LLC does succeed)
-You are now immune from common loss of coins; hack, theft, wrong send, market price fluctuations and PC breakdowns(virus and HD failures)
-You help the community lessen the coins that is being recycled on the market (by day traders)
-if you own 0.16% of 1 000 000 I think its not 500Euros, no you will not receive 1/3rd of the quarters profit, instead you will receive the quarters profit based on that %share.
-You will have more reason to be active and support the community(you will help those that would be helped by the LLC)


With holding coins:
-You will only get the supposed profit IF YOU SELL ALL YOUR COINS. Then thats it. You forget about Karma and our mission.
-The reverse of the ones cited above.

The safest stance would be 50% LLC 50% held. IMHO. But as always decisions are to each his own.

But my coins would be forever off the market and would be owned by karmashares llc right?
Assuming the profit for this quarter will be 1.000.000€ and i own 0.16% of the profit with my shares i would get, this would mean (because i own only 1/3 of the quarters profit) i would receive 500+€.
Assuming after such a announcement the price would rise, it only takes a 25% rise and my coins are also worth 500€. So only if karmashares llc would become very very succesfull it would be a good investment right. And, if karmashares llc IS succesfull, this means the karma price would also be succesfull, good company good price. So assuming karma could rise 1000% (could), karmashares llc would need another 8 million € profit payout to equalize the same amount of money i would have had in karmacoin.

Please prove me wrong, this is absolutely not an attack, it just opens up a discussion for me

the minimum is 10M so 87 Million is 8.7X of that

see the bottom of this page so that you can quantify your share http://karmashares.com/explorer-v01

Should i consider 87 million as a large amount or will the amount of shares and share time be too low to get anything from it.

This is the reason why the announcement is being withheld till Aug 01-Sept 01.

and of this (regarding the New, official offer received for Lill (Approximately $2.5 million)
 "-if you have been holding coins for more than 30 days prior to September 31, 2014 you should be able to participate in this profit-sharing.....It would be unfair to LLC members to announce a sale, then continue to offer membership during the quarter."

from :http://karmashares.com/forums/index.php/topic,559.msg3377.html#msg3377

So that, it will be relatively fair to those who have been holding their coins for karmashares share points.

So it means that IF THERE'S ANY PROFIT TO BE SHARED, a person has only till Aug 31,2014 to keep his/her coin in their wallet.

It also means that, those who have substantial number of coins in the exchanges, yet wants to have a share should remove their coins from exchanges and transfer them to their local wallet, which will essentially make it safer too.

Visit http://karmashares.com/ and read the 5th drop down Question and answer..