Topic: [ANN][KARM] Karma / ₭ / X11 - page 251. (Read 583278 times)

They want the lill.com domain.

This is what lill.com would've eventually come down to. reward people while they do their regular search. It will be difficult building an other app that will be as easy as a search engine. how many times a day you search something?  imagine having a lill.com toolbar!

SELL it!  Lill.com is in Beta, without any users. I am doing online business with millions of visitors for 10 years and my experience is, that without huge capital, even perfect project fails if it is not unique and viral. We now know, lill.com is not viral and will need huge amount of money for promotion,  crypto explanation, etc.  We should sell 100% and use that money for other projects. Or we should sell 50-80% and make partnership. They will need to invest into lill more money, they will need to pay developers and promo.   It is not single payment offer, it is offer of big millionaire to help push Karma to the real moon. Time is money and money is time. If we got money now, we are saving maybe years of hard work. Karma will have huge result, new trust, new investors will believe into it. Karma coin value will explode.  Guys please sell it. There are many other cool projects we can do with that money and Karma. Lill is just hope for fight with google. Fighting google without owning billions for development, promotions and lawyers is very stupid and dangerous.

Please sell Lill, or part of it. Than use money to create cool projects like:
1. Web wallet like paypal has, with autoconvert karm to BTC, so people can use that web wallet to pay on coinbase/bitpay enabled webs. This will make Karma as liquid as BTC
2. Create offers wall, some place where people can earn KARM by doing tasks. For example:
Like links on FB, install/review mobile apps, any other small tasks, where companies will pay for promotion. This will be classic offerwall implementation. Right now, offer walls are successful on mobiles only, thanks to paid app installs revenue. On web it sucks. If people can earn equivalent of $0,01-0,05 by liking some URL, we can than hit multi billion business of micro-payments web monetization. Imagine you will be able to read paid article on some news, or watch some paid video just doing small tasks.  Facebook like 3url, earn karma and pay micropayment with that.

I just want to say, lill.com is heavy project, with unclear future requiring millions of USD for promotion. Sell iit, use the money for many other projects. This sell itself will make KARMA price skyrocket, new money will come. Karmashares company owns 12 billion Karma, so the price rise will make immediatelly huge funds increase. Those who want to keep Lill are dreamers. This is business, and in business such offers are elevator to the moon.   Selling means sure success, not selling means huge risk, delusion and 9/10 probability of failure. This offer is the best we can got take it or cry later.

any news for X11?

I agree, we are probably talking too much about "what could be" instead of discussing  "what is"

even the 1 million or so upfront payment is enough to double the value of  Karma shares (and by extension Karma the currency) because of its current low market cap.

if its a totally legit offer then its definitely huge news for Karmashares and Karma. I cant argue with that lolz


this comment from the statement is interesting though:

Although Lill is a small website still in beta, it is a perfect fit for the VC's purpose. He is not interested in a partnership, and will probably integrate his group's own kind of reward system.


I wonder if that group is another altcoin?.... I wonder if its Vertcoin, lol they are from France.

definitely a bad idea to sell your search engine to another altcoin.

no no i hear you.


we have taken up this chat. lets not swarm this yet. let give Karma its 15 minute of fame. its huge news regardless. there will be a time soon when the real debate will start.



Exciting news!!!

I don't think you quite understand how patent assertion or the US legal system works.

google are currently being sued by VRNG for violating their search patents.
the patents came from Lycos do you remember them? once a very popular search engine now dead...

google lost and now they may end up having to pay a few billion dollars to VRNG in royalties..

sure that's peanuts for GOOG... but these kinds of mutli year patent battles are not something that most companies can afford to fight.

Yahoo went to the wall for trying to fight GOOG for market share in the search market and that is why they formed an alliance with MSFT.

when big companies hold monopolies over the industry.. patent assertion is what they use both offensively and defensively to fight their battles.

I'm simply saying that its not a fair world.. and most people do not realize how much of it is controlled by the big companies nowdays...(much more so than in the early days of the internet when search engines and AOL etc could flourish)

this one of the reasons why Bitcoin was released as Open source.. because ideologically it is a reaction to the corrupt US patent system where companies can and do use patents to squash their competitors.

if bitcoin were not released as open source then there would be no such thing as alt coins because they would have all been shut down by patent assertion through the US legal system.

search engines are not open source they are heavily protected by patents so its a completely different ball game.

its definitely worth looking into and reading more about if you are interesting in seeing how corrupt this worlds major economies have become.

all I am saying is that if you are an inventor and you do not have enough resources to check that you are not violating someone else's patents or protect yourself from legal attack.. then your entire business model could be built on top of a minefield. that's the sad truth about how the world is today compared to how it used to be just 10 years ago.

same could have been said for google years back. they stood no chance to other seach sites. not to mention going against AOL. the notorious company then. truth is technology advances and so does innovation. people will always want something that adapts their focus. We got the crypto world. we jump on it now that is yung and we could be known as the official search engine. perhaps we do not see the actual spot for karma in the search engine but eventually it will find its sweet spot.

for sure there is always massive potential but its not without risk. the search engine world is currently ruled by GOOG (google search) and MSFT (bing, which is also used by Yahoo) both of those companies have a mountain of search related patents which they can use to stop smaller players from gaining market share by asserting those patents. So its not just a matter of creating a more popular product. You also have to have the financial and legal backing to fend off any attempts to shut you down by using the US legal system which is notorious for being used by the big companies to stifle competition. I've been through a few patent cases in my time and even if you win you still end up going through a nasty 3-5 year legal battle.

that's the reality of the world we live in.. if you are a small innovative company.. you can either hope to be bought out by one of the big players or get shut down by them.

thank you for this. please post it in the subreddit so it is shared with others.


i would disagree with you. in the long run we could push this search engine much higher. perhaps implement it with data coins like megacoin and counterparty's

just "search engine + crypto" already distinguish this search engine from other. from reading the news Kos shared the buys seems to be interested in a search engine and not so much because its related to crypto. unless i am wrong. we shall see.

not speaking as a karmashares supporter but just as a neutral interested observer who has many years experience in investing particularly in the IP area..
I would make the following points.

1) 9 out of 10 venture capital projects fail in their first 12-24 months.
if someone is offering you cold hard cash... (or bitcoins) up front then money in the bank (to use an outdated expression) is usually better than hoping for potential revenues in the future which may or may not eventuate. A bird in the hand is worth 2 in the bush as the saying goes.

2) as you have no way of knowing how much money your invention/idea could create in the future.. it is usually better to lock in some kind of percentage deal rather than a one-off payment (or series of one-off payments based on benchmarks).

by this I mean.. negotiating for some kind of future royalty OR a percentage owner ship in their company OR a percentage of the future profits usually tends to work out better for shareholders than a lump sum. this would be on top of the bird in the hand (ie the upfront payment)

just my 2c. you can take it for what its worth.

which one is the lucky guy who can afford to buy the lil sell wall on mintpal yet...

yes. i am torn between agreeing with what you say and departing from such a great project. because everyone always have to use a search engine. we are very depended on searching for material online. its a great idea. first in cryptoworld. i see possible potential but not anytime soon. and at this moment we could use a boost sale.

i say we decline. Keep the project . We all know that there is user base. all we have to do is make it pleasant to use

Interesting discussions ahead.

I think I've made my opinions pretty clear on this. I love the Lill concept, but am in favour of selling. The almost guaranteed advantages outweigh the potential disadvantages by far. But that's just me. Looking forward to the next few weeks. Night y'all!

$6,200,000 offer for one of the IPOCOs of karma. lill.com still in beta mode but shows promising interest. Should the Karma community take up this offer?


Big thanks to KOS for this move
http://www.reddit.com/r/Karmashares/comments/2awkgk/vc_offers_6200000_to_buy_lill_search_engine/

Damn, we'll miss you. Good luck!

ShawnLeary, I sent the bet on Germany from my Mintpal account. Is it okay with a screenshot of my withdrawal to the adress, or how should I proceed from here? I placed a bet with 1M Karma...

EDIT: nwm, I realized there there is a way to display the TX-ID..

Thanks everyone.

Chargin.

me trying to buy some coins and i find my self in the middle of some one buying up millions of karmas