I really am shocked at how many people do not understand the concept of network distribution and how important it is, not only for security but for building value in the economy.
I agree and going one step further -- I am really shocked at how many people do not understand that PRODUCTS must fulfill a PURPOSE so that CONSUMERS can acquire and UTILIZE it.Karma is a product produced by miners.
That product is offered for exchange to who? Investors?
Those investors do what? seek profit.
How do they seek profit? Manipulate or wait until someone else offers a reason to sell.
If you do not see that Karma is currently trapped in vicious downward self-fulfilling cycle due to its current focus on rewarding miners and investors you will race to the bottom....
"Insanity is doing the same thing over and over again and expecting a different result"
-dvd
People understand both of these well but no one here cares to do anything about more then suggest what other should do.
reverse split favors us only in cushioning the impact when people dump or pump. Its fine. let keep ignoring the elephant in the room.
i am sure we will be able to attract a lot of people and investors while we have $400 daily volume with our coin. All the merchants/people will line up to get a slice of our pie
Who is going to help karma spread widely? the only 6-7 people who show up day after day for karma while the rest sit on their asses??
I dont just talk about reverse split all day. i am trying very hard to attract more and more people. I said i was done reporting real progressive work in BTT thread. therefore only a topic of likes of reverse split is something i will continue to bring up here. Because we can not move forward easy while few single people have billions of billions of karma. %20 gain while dealing with billion of karma is a good chunk of btcs. They will keep dumping and buy low and recycle.
i got told the same thing before when we moved from 15 litohis to 1 satoshi. We don't need the split. We just have to work hard.. Only that no one really does work hard and no one help out spread the news or karma. and moving from 15 litoshi to 1 satoshi is not really a good progress. its a joke to be at 1 satoshi. 1 satoshi or lower are for coins that want to stay a hobby. something to have fun with $30.
if you want to be taken seriously then we must have a user base that can support 100 satoshis sell pressure.
How are we going to do this? why everyone just speculates here all this pressure falls on me , east , chargin , ryan and few people in trello. Soon as i am in the talk it will fall also on shoulders of perica , andres and david. That's it. these are the people who are brainstorming to create future plans for karma. Do you think we will be able to get billion users easy that 92 billion coins would make sense?
We are not only stuck with bad distribution where whales stay whales , but also with lack of public help. I know as long we we have people fighting for this coin we will survive but i see us risking the BTC markets well before we even come closer to having 1 million user base.
I am not interest in help out investors or miners. I don't care. i want karma to stay relevant long enough to give us time to pick up momentum!