Excellent quality post!
But you are wrong about one thing.
The Karma team members do not own 50% of the coin.
I believe its not even close to that (maybe not even 10%... but I can not be sure of this).
I know some forum users that hold more than 1 billion coins and they are doing absolutely nothing to help the development of Karma.
Those are the ones, like you said, that should help by paying Karma to the ones that are doing the work, because they are the ones that are going to benefit more from the success of the Karma projects.
I know you mean well, but the fact is, no one has the right to tell anyone else how he/she should handle the coins they have no matter how much or how little. They can give them all away or they can keep every one of them. (We all hope though they will care enough to help out as a believer in Karma's core principle of doing good.)
But we actually have "budget" that is the reason of the
coins exchanged for shares so that Karma/Karmashares can have developmental budget. We only have to decide as shareholders when to actually use it. By the looks of it, we should decide NOW. We need so many things to move our iPOCOs forward and to complete the technical necessities of Karma.
We need talented and devoted karma people. But they don't come free.
This is a quote from Karmashares LLC
"
Karmashares LLC is the operating entity of Karma, the Bitcoin and Litecoin-like digital currency that is based on "doing good". It is currently forming in the state of Wyoming, USA,
for purposes of creating long term value for holders of Karma by developing revenue-generating products and services."
I agree with you, Karmashares LLC is company owning around 15% of all KARM. It is its largest asset. KarmaShares should create project, paid by KARMA which will have only 1 task. To create profitable backbone of wallets, APIS, servers, tools, documentation and examples how to use KARM. That service should earn huge amount of money from fees in the future. Coinbase/ Bitpay / Blockchain.info earn lot of money from fees. This should be taken as serious bussiness with main goal to earn on KARM. If they got 20%-50% budget of all KARM owned by KARMASHARES, thay will make the rest coins multiple times more expensive. Funny part is, that it is really easy.
We just need to take bitcoin libraries, modify them for KARM and that is all. We will profit on bitcoin services the best possible way. All the POS coins, all the new experiments are doing stupid decision. The more different from BTC they are, the more impossible is to reuse current libraries. Every BTC library was developed by lot of skilled devs, tested by thousands of users. None from us can do that on our own. But we can take it, and modify it for KARM. We are lucky that KARM is not POS, I would not be able to modify insight explorer for KARM than. We need to stay as close to BTC as possible. NEXT coin is awesome, but they will not be the future. People do not want staff with billion functionalities, it is too complicated. They always pay for easy to use products, with very few functionality and cool design. They will use coins with nice wallets and nice logo rather than coins with all the possible features they do not need.
KarmaShares LLC can make shitload of money on fees if they create centralized KARMA services. Of course, anyoone can create their own services with published libraries, but KarmaShares will be most trusted and always the first choice.
