Socoban, on the first page of this thread and on Karmashares.com you can see that if you trade your coins for shares, you will get 1.75 multiplier. So, you are mistaken about this. I as a KARMA investor am totally against that somebody who missed the Quantum periods to get more than 1.75. Actually if it was up to me, I would definitely lower this ratio.
I am not suggesting to increase ratio to 5x, but to decrease revenue for KARMA coin, or to make Shares trade-able. And it really does not matter what is written in Bitcointalk forum, if official web page says something else. We are searching for new blood, new blood does not read this thread. Official web page makes Karma Coin much more valuable compared to KarmaShares than it really is. Those information on that page are simply not true. As someone said, most of KarmaShares is hold by 15 people. We need to get hundreds of new shareholders. Those shareholders will bring new Expensive Karma Coins to the project. First investors bought KarmaCoin for 10-40 litoshi. They got 5-10x multiplier for shares. KarmaCoin is now at 450 litoshi. The revenue for early shareholders is 50-100x higher than for those who come now. So those new investors have to pay 50x more money to get same shares as early shareholders got. But KarmaShares company need new investors. We need new money to be thrown into project. The more people invest into KarmaShares, the more value those shares have. We need new blood and new money to be thrown into new projects. Hence we need to make KarmaShares attractive. They are not attractive now. Karma coins holders does not help KarmaShares company, only KarmaShares holders help it.
It is written on Karmashares.com which is the official website:
How Many Shares Do I Get?You will get 1 point for every 1,000 coins exchanged.
There is a 5,000,000 coin minimum.
There is no limit on the number of points you can claimCan I Still Participate After May 10, 2014?Of course. We are reserving points for all 92 billion coins. But keep in mind that if you want shares after May 10, 2014 you'll only get a 1.75x point multiple when you exchange coins.So, you get 1 point for 1000 coins which will be multiplied by 1.75.
If you have suggestions how to improve and make more transparent the info on all KARMA sites make a proposal to KarmaTeam, but try not to just throw "
simply not true".
Actually, the most important thing in Content Management and Knowledge Management is to have the same info on all information resources. So, yes, it is very important what is written on OP here. It is equally important to all KARMA sites, pools, forums, etc. I presume that you are fan of "Vampire diaries ", "Twilight" and "True Blood". I am also. lol.
New blood will come, don`t worry. About who is reading and who is not. Actually I doubt that somebody has statistics who is reading what. So we can`t just throw that "nobody is reading here or elsewhere". BTW, a very good idea came from this. If somebody can accumulate data stats for all KARMA sites
and here, it will be invaluable from marketing perspective.
Of course with the growing of KARMA the coin, raising funds and develop projects, new investors will come. And believe me, they will not be small time so called "whales" because they run 1000 or 2000 bitcoins for speculations. As you know KARMA is ment to be and
will be multi billion corporation and if I paraphrase somebody known to us, I will say that in this future time only the glass of your watch will be worth hundreds of bitcoins. We are not talking here of some home guy struggling to compile a wallet to start new clone. The Dev team knows what they are doing. They are just like you and me, but having vision, knowledge and skills that we don`t have. So we should trust them. As you know many thousands of dollars came from their pockets to create Karmashares and to revive KARMA. I am sure that they will figure it how to make shares possible and easy to trade. Let them first catch breath, enjoy the great things they have achieved and continue to path they have chosen. We all want shares to be able to trade. We are not insane not to. Resources are limited, so they must be pointed into the proper task, not scattered in many different directions.
Of course revenue for early adopters will be 50-100x than current prices. And current investors will get 50-100 more revenue than the people who will buy at 300-600 satoshi. This is obvious. I don`t understand why should we discuss it. Is it just a reminder to those who still don`t have shares and KARMA to hurry? Karmashares are very, very attractive. They are not less attractive than yesterday or two moths ago. So, if somebody missed to buy, tell them to hurry, until KARMA the coin is still on this low levels. Understand one thing. This idea of Karmashares is genius. It helps the coin and vice versa. So, it is just the opposite. Share holders helps coin holders and coin holders helps Karmashares holders. Go to our forum discussion to see how funding will be maintained and you will understand this concept.