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Topic: [ANN][KARM] Karma / ₭ / X11 - page 416. (Read 583278 times)

full member
Activity: 183
Merit: 100
newbie
Activity: 28
Merit: 0
April 23, 2014, 07:58:14 PM
When did Karmacoin launched?
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 23, 2014, 07:03:40 PM
hear, hear


lets just move forward. lets not waste any more time with this nonsense.


Anyone has any other ideas about karmacoin and karmashares?
full member
Activity: 154
Merit: 100
April 23, 2014, 06:37:55 PM
It's about time someone with an actual legal background in Company Law and the Law of Contract set the record straight.

The whole premise behind a limited liability company is that shareholders can ONLY lose that which they put into the venture. If you put in $100 and the company goes completely bust (unlikely given the outstanding new devs and the 4 revenue streams they have so far) then you will only lose $100 - your liability is limited. Rule #1 in Company law is that the shareholders cannot be chased up or made IN ANY WAY responsible for the debts or liabilities of the company.

In this situation we are not even shareholders as there was no offer of securities to the public - we are handing over Karmacoin in return for a share of profits. It is a contract between you and Kosmost with full legal effect. The only person who could possibly be sued is Kosmost and ONLY by those who invested Karmacoin and ONLY if he failed to pay out the share of profits as agreed in the contract. I for one have 100% confidence in Kosmost, he is a smart man who has done a heck of a lot and invested much of his own money into this. It would be nuts to break the contract when by upholding his side of it the company can operate into the future making more and more money for all involved.

The reason we cannot be shareholders in the company 'legally' is because we would need to supply ID and sign documents etc. - No one wants nor needs to do that - that is why Kosmost has presented it as a simple unilateral contract.

The offer (to the whole world) is that "If you send Karmacoin to this address I (Kosmost) will guarantee you a share of the company's profits each quarter by the formula in the spreadsheet".

The contract is unilateral because the acceptance and performance are completed at the same time and ONLY KOSMOST has any obligation (Unilateral = One promise being exchanged). By sending Karmacoin to the specified address you are accepting the offer made by Kosmost AND performing (supplying consideration) what is required for the contract to be binding. The contract is legally formed and enforceable at law from that moment on. If Kosmost did not pay out in accordance with the formula he would open himself up PERSONALLY (as the named offeror) to proceedings for damages by those who were not paid.

Furthermore, only parties to a contract can make a claim on that contract (Contract Law Rule #1) and as the contract is unilateral (only one party has any obligation - i.e. You have no obligation to send Karmacoin to the address, but if you do then Kosmost is obligated to pay you a share of the profits in accordance with the formula as per the offer) the only person who can make a claim on that contract is YOU. Not some third party who doesn't like Karmashares, not some moron who thinks he can take back control of a public domain cryptocurrency he left for dead weeks ago, and certainly not anyone thinking they have some form of intellectual property rights in any material used - They do not - Once creative works have entered the public domain (includes the person who made them posting it on a forum) it is considered as being made open to the public and they can never be claimed to be 'copyright' or 'patented' again.

For example, the reason Coca Cola guards its trade secret of the ingredients in Coca Cola so carefully is because IF someone did manage to get their hands on it and upload to the internet it would be worthless and would enter the public domain - every one could LEGALLY make exact copies of Coca Cola and there would be no remedy available to Coca Cola to stop this from happening.

Another example, lets say I invent a new widget, I upload the specs and plans for that widget onto a forum and say "check it out guys! Look what I made!" - Someone then takes those plans and patents them. Bad luck pal! That is how the law works - you no longer have any claim to those ideas unless you can claim they were shown to you in circumstances importing an obligation of confidence - release on a public forum does not satisfy this and therefore more fool you for letting everyone have free access to your idea.

To sum up - Karmagood is woefully off in everyone of claims. He possesses no legal understanding of neither Contract or Company law and it shows.

Of note, he continues to refer to himself as 'We' - trying to make you think there is more than one person involved in the opposition to this idea. Please see what is being said by him for what it is - nonsense of the highest order.

I implore you to Google "Basic principles of the Law of Companies" and "Basic of Contract Law" and perhaps even "When is a promise enforceable?" and just put your mind at rest by verifying everything I have written above.

Pay no attention to Karmagood from this point forward, he has been cut out of the loop of a project he deserted through his inaction and unwillingness to be engaged with the community for weeks on end along with his general ineptitude. He has absolutely no power nor rights in relation to Karma. You DO NOT open yourself up to any liability by sending Karmacoin to the Karmashares Ltd. address - anyone who says otherwise is, pardon the expression, 'talking out of their ass'.

Have a great day all and lets get behind Karma as a community once more Smiley
hero member
Activity: 528
Merit: 500
Tokens That Store Virtual Energy
April 23, 2014, 05:51:04 PM
http://karmashares.com/!points/KDUY4Fqdj6YP7J52FAarpQKnG4QkHhEF4h-4.pdf
Mines are Ok, it must be a bug, kosmost will check it after his short sleeping period  Wink

My other one is ok as well...but for some reason that one is not working.
sr. member
Activity: 429
Merit: 250
April 23, 2014, 05:24:46 PM
http://karmashares.com/!points/KDUY4Fqdj6YP7J52FAarpQKnG4QkHhEF4h-4.pdf
Mines are Ok, it must be a bug, kosmost will check it after his short sleeping period  Wink
hero member
Activity: 528
Merit: 500
Tokens That Store Virtual Energy
April 23, 2014, 05:11:43 PM
Please note. The Shares & Points list has been updated: karmashares.com/explorer-v01

Is there a reason why some donations have a downloadable PDF available and others do not? Even if they are already confirmed with a signed message?

They're all downloadable. You can just paste in your wallet address.

For example: karmashares.com/!points/KVn4p5CCEAp2PMpSBqbv5N3RetBnAjKL8d.pdf

but some wallets have more than 1 PDF (multiple purchases). So to make it easier I just provided a link to them.

Apologies for the confusion. Let me know if you have any other questions or concerns. (I may not answer soon, though.. sleepytime!)

I'm getting a 404 error
hero member
Activity: 1022
Merit: 501
Creator of the ICO
April 23, 2014, 05:02:36 PM
Please note. The Shares & Points list has been updated: karmashares.com/explorer-v01

Is there a reason why some donations have a downloadable PDF available and others do not? Even if they are already confirmed with a signed message?

They're all downloadable. You can just paste in your wallet address.

For example: karmashares.com/!points/KVn4p5CCEAp2PMpSBqbv5N3RetBnAjKL8d.pdf

but some wallets have more than 1 PDF (multiple purchases). So to make it easier I just provided a link to them.

Apologies for the confusion. Let me know if you have any other questions or concerns. (I may not answer soon, though.. sleepytime!)
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 23, 2014, 04:59:10 PM
not sure you understand the numbers or the logic behind decentralized network


those 465 million coins could have been on hands of 100 buyers.

out of those 100 buyers. 10 people could be interested in helping push the coin forwards.

out of those 10 poeople one of them could have been the next kosmost.


what good is it to own 1.6B coin now?

More than 465 million coins are still available and can be on hands of 100 buyers, simply not for the price I paid for them.

 Roll Eyes Roll Eyes Roll Eyes Roll Eyes
no, less people will buy those coins now because you removed them from their buy level and will sell them higher.

i dont think you understand. your thinking in 1-3 BTC proffits.

we want to built a multi million level organization.



this is why we must separate our goals from the btc trade market. 
hero member
Activity: 528
Merit: 500
Tokens That Store Virtual Energy
April 23, 2014, 04:58:34 PM
Please note. The Shares & Points list has been updated: karmashares.com/explorer-v01

Is there a reason why some donations have a downloadable PDF available and others do not? Even if they are already confirmed with a signed message?
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 23, 2014, 04:55:56 PM
not sure you understand the numbers or the logic behind decentralized network


those 465 million coins could have been on hands of 100 buyers.

out of those 100 buyers. 10 people could be interested in helping push the coin forwards.

out of those 10 poeople one of them could have been the next kosmost.


what good is it to own 1.6B coin now?

If I had money, I may have bought 1.5B too.
Why ?
1) Because I know Karma will go far
2) With more in my wallet, I can give more to dev. bounties and tip maximum people
3) I would invest half in KarmasharesLLC and keep about 700M and hold it till 100 to 300 satoshi, then slowly selling some of them (few % each time) for good living purpose

yes, using the coins to push does help.

but nothing helps more then having those coins be in many more different wallets. look at dogecoin.

more wallets, more people involved.

i could have bought billions at 10 latoshis. we knew how much or what kind of plans we are offering. we knew with POC the price would increase. but if we ran and bought cheap coins. we would prevent other from buying cheap.

the more prices rise the more poeple get discouraged to buy coins.

i hope you guys understand. i never owned more then 400 mills. and i used my coins to buy services and push stuff. at the same time. i keep giving coins to as many new people as i can.

more people get to buy cheap more people will get involved. more pople involved the more tast we archive.

we can possible have whales sit there with 1 billion coins waiting to dump. :/



what ever. free market i guess. but you buy more then you should and you hurt us all
hero member
Activity: 1022
Merit: 501
Creator of the ICO
April 23, 2014, 04:45:36 PM
Please note. The Shares & Points list has been updated: http://karmashares.com/explorer-v01
sr. member
Activity: 429
Merit: 250
April 23, 2014, 04:34:37 PM
not sure you understand the numbers or the logic behind decentralized network


those 465 million coins could have been on hands of 100 buyers.

out of those 100 buyers. 10 people could be interested in helping push the coin forwards.

out of those 10 poeople one of them could have been the next kosmost.


what good is it to own 1.6B coin now?

If I had money, I may have bought 1.5B too.
Why ?
1) Because I know Karma will go far
2) With more in my wallet, I can give more to dev. bounties and tip maximum people
3) I would invest half in KarmasharesLLC and keep about 700M and hold it till 100 to 300 satoshi, then slowly selling some of them (few % each time) for good living purpose
sr. member
Activity: 518
Merit: 250
April 23, 2014, 04:29:41 PM
not sure you understand the numbers or the logic behind decentralized network


those 465 million coins could have been on hands of 100 buyers.

out of those 100 buyers. 10 people could be interested in helping push the coin forwards.

out of those 10 poeople one of them could have been the next kosmost.


what good is it to own 1.6B coin now?

More than 465 million coins are still available and can be on hands of 100 buyers, simply not for the price I paid for them.
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 23, 2014, 04:16:21 PM
not sure you understand the numbers or the logic behind decentralized network


those 465 million coins could have been on hands of 100 buyers.

out of those 100 buyers. 10 people could be interested in helping push the coin forwards.

out of those 10 poeople one of them could have been the next kosmost.


what good is it to own 1.6B coin now?
sr. member
Activity: 518
Merit: 250
April 23, 2014, 04:03:06 PM
Additional cheap mintpal-coins for me:

TIME    TYPE    PRICE    KARM    TOTAL    FEE    NET TOTAL
2014-04-23 20:52:44   BUY   0.00000053   259872393.94339624   137.73236879   0.20659858   137.93896737
2014-04-23 20:52:44   BUY   0.00000052   11167729.76591400   5.80721947   0.00871082   5.81593029
2014-04-23 20:52:44   BUY   0.00000052   6260669.17423860   3.25554797   0.00488332   3.26043129
2014-04-23 20:52:44   BUY   0.00000051   35213130.89767024   17.95869675   0.02693802   17.98563477
2014-04-23 20:40:58   BUY   0.00000048   2479786.71144980   1.19029762   0.00178544   1.19208306
2014-04-23 20:35:54   BUY   0.00000048   833507.39888480   0.40008355   0.00060012   0.40068367
2014-04-23 20:24:42   BUY   0.00000048   40752513.81940600   19.56120663   0.02934180   19.59054843
2014-04-23 19:21:15   BUY   0.00000047   46158383.39695468   21.69444019   0.03254166   21.72698185
2014-04-23 19:21:01   BUY   0.00000048   44722897.00459010   21.46699056   0.03220049   21.49919105
2014-04-23 18:48:27   BUY   0.00000048   3096869.13657820   1.48649718   0.00222974   1.48872692
2014-04-23 18:35:01   BUY   0.00000048   2180233.85883170   1.04651225   0.00156976   1.04808201
2014-04-23 18:30:36   BUY   0.00000050   12591362.82576140   6.29568141   0.00944352   6.30512493
2014-04-23 16:15:34   BUY   0.00000050   20000000.85278400   10.00000042   0.01500000   10.01500042

Enough for today :-)


just so you know. and you must know this. the more coins you hold , the slower the distribuition will be. If those coins do no decentrelize into thausands of wallets then the value will for ever be 1 satoshi :/


at the same time. kinda explains why you would create FUD here. so you could buy them cheaper.


i'm pretty sure now you will be all like " oh i love this coins "

I hold only about 3% of all mined coins, there are enough sellers left.
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 23, 2014, 03:59:23 PM
Additional cheap mintpal-coins for me:

TIME    TYPE    PRICE    KARM    TOTAL    FEE    NET TOTAL
2014-04-23 20:52:44   BUY   0.00000053   259872393.94339624   137.73236879   0.20659858   137.93896737
2014-04-23 20:52:44   BUY   0.00000052   11167729.76591400   5.80721947   0.00871082   5.81593029
2014-04-23 20:52:44   BUY   0.00000052   6260669.17423860   3.25554797   0.00488332   3.26043129
2014-04-23 20:52:44   BUY   0.00000051   35213130.89767024   17.95869675   0.02693802   17.98563477
2014-04-23 20:40:58   BUY   0.00000048   2479786.71144980   1.19029762   0.00178544   1.19208306
2014-04-23 20:35:54   BUY   0.00000048   833507.39888480   0.40008355   0.00060012   0.40068367
2014-04-23 20:24:42   BUY   0.00000048   40752513.81940600   19.56120663   0.02934180   19.59054843
2014-04-23 19:21:15   BUY   0.00000047   46158383.39695468   21.69444019   0.03254166   21.72698185
2014-04-23 19:21:01   BUY   0.00000048   44722897.00459010   21.46699056   0.03220049   21.49919105
2014-04-23 18:48:27   BUY   0.00000048   3096869.13657820   1.48649718   0.00222974   1.48872692
2014-04-23 18:35:01   BUY   0.00000048   2180233.85883170   1.04651225   0.00156976   1.04808201
2014-04-23 18:30:36   BUY   0.00000050   12591362.82576140   6.29568141   0.00944352   6.30512493
2014-04-23 16:15:34   BUY   0.00000050   20000000.85278400   10.00000042   0.01500000   10.01500042

Enough for today :-)


just so you know. and you must know this. the more coins you hold , the slower the distribuition will be. If those coins do no decentrelize into thausands of wallets then the value will for ever be 1 satoshi :/


at the same time. kinda explains why you would create FUD here. so you could buy them cheaper.


i'm pretty sure now you will be all like " oh i love this coins "
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
April 23, 2014, 03:56:24 PM
i dont doubt it people own a billion coins

exchanges barely have 10 billion coin there. i am sure some one hold that many


but do not worry. free market corrects itself. soon greed will cause panic dumps. look at that. we rised just above 1 satoshi and people dumped. now there is no more dumping. it should rise to 2 satoshis floor level and we will see a new dumping. eventually it will be less and sell.


simple math. sellers sell with huge portion. while buyers buy in small portion. i.e. a seller sell 12 million coins (one wallet) most likely those 10 million coins will be bought by 3 buyers (3 wallets). Each of them will have a round estimate of 4 millions. by this low. they become the new sellers and the buyers will by from them with smaller amounts.


this is how Every thing evens out through out the time. This is why people say a coin need a lot of buyers. because buyers need to be a minimum 3 times more.

Eventually greed will shake the coins out of their hands.
sr. member
Activity: 518
Merit: 250
April 23, 2014, 03:56:11 PM
Additional cheap mintpal-coins for me:

TIME    TYPE    PRICE    KARM    TOTAL    FEE    NET TOTAL
2014-04-23 20:52:44   BUY   0.00000053   259872393.94339624   137.73236879   0.20659858   137.93896737
2014-04-23 20:52:44   BUY   0.00000052   11167729.76591400   5.80721947   0.00871082   5.81593029
2014-04-23 20:52:44   BUY   0.00000052   6260669.17423860   3.25554797   0.00488332   3.26043129
2014-04-23 20:52:44   BUY   0.00000051   35213130.89767024   17.95869675   0.02693802   17.98563477
2014-04-23 20:40:58   BUY   0.00000048   2479786.71144980   1.19029762   0.00178544   1.19208306
2014-04-23 20:35:54   BUY   0.00000048   833507.39888480   0.40008355   0.00060012   0.40068367
2014-04-23 20:24:42   BUY   0.00000048   40752513.81940600   19.56120663   0.02934180   19.59054843
2014-04-23 19:21:15   BUY   0.00000047   46158383.39695468   21.69444019   0.03254166   21.72698185
2014-04-23 19:21:01   BUY   0.00000048   44722897.00459010   21.46699056   0.03220049   21.49919105
2014-04-23 18:48:27   BUY   0.00000048   3096869.13657820   1.48649718   0.00222974   1.48872692
2014-04-23 18:35:01   BUY   0.00000048   2180233.85883170   1.04651225   0.00156976   1.04808201
2014-04-23 18:30:36   BUY   0.00000050   12591362.82576140   6.29568141   0.00944352   6.30512493
2014-04-23 16:15:34   BUY   0.00000050   20000000.85278400   10.00000042   0.01500000   10.01500042

Enough for today :-)
hero member
Activity: 798
Merit: 1000
April 23, 2014, 03:42:32 PM
I still dont understand why some people buy 1 000 000 000 coins or more with no trust in the karma team.

you are right.. nobody would be that foolish.. there are many people with vested interests in seeing the price of Karma go UP and DOWN... so when it doesn't seem logical.. its probably FUD.
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