Lol, ok guys, stress less. I wanted to gauge reactions without getting somebody to second me. I thought comments would be mostly negative however I'm surprised how aggressive this response is especially given your role in KarmaShares. I will find somebody to back me up and get back to you. In the interim please restrain from screaming scam.
CatKiwi that is to my benefit. The benefit to the other person is if they are selling 500 million Karma (for example) out of billions, that may cause an intimidating price ceiling rather than a sell order the market can complete in a timely manner. I myself hold billions of Karma and if I sell a large amount I wouldn't want to dump it on the market because it would impact on the value of my remaining Karma. A similar concept applies if you want to buy a large amount of Karma, you will push the price up while you are buying, potentially paying more in total than you would if you bought from me, also like I've said it may destabilise the market by causing a price increase while your additional demand is there, which may lead to a subsequent crash as soon as the additional demand is removed.
Regards,
Chargin.
You remind me of the guy with nick "CoinThinker"...maybe you are the same person. He was running a Ponzi for Leaf coin.
Guys, I am seeing too much smiley's in the thread.
Karma @ 41 litoshi is cheap given the mining difficulty.
I'd wager 9 in 10 cryptotraders either don't know Karma is still around or know of it at all. The volume is low in my opinion simply because people for the most part haven't noticed us yet. We really need to get the message out because once that quantum period ends it will be very hard for average joe traders to get a meaningful piece of Karamshares. The whole point of these point multipliers is to make it more appealing to early adopters and let the little man have a bite before the big boys come and devour the rest of the cake.
The mining difficulty could be 14 and it would still be roughly around the same price - people just aren't aware yet.