Topic: [ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good - page 8. (Read 352517 times)

Join, new sub-reddit: http://www.reddit.com/r/karmateam and http://www.reddit.com/r/karmashares

http://karmakoin.com/ 

Hey KARM'ers,

We've open up a new pool. Our old one (http://karm.hasher.ca) is still up to allow miners some time to withdraw their KARM.

Our new pool is: http://www.hasher.ca

Low fee PROP reward system
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Auto ProfitSwitching Ports (Coming Soon)

To mine:

Username: your KARM wallet address
Password: anything
URL (vardiff): stratum+tcp://stratum.hasher.ca:3404

Cheers and Happy Hashing!

Join, new sub-reddit: http://www.reddit.com/r/karmashares

If Karma Community would like to share the wealth : KRKveCJeCSt8AAMCkftaEkgVryW8vGdbD4 .

I came from other big and important communities and i would like to spread the word about Karma Coin & it's amazing projects of helping people also i want to do some giveaways !

Here is my twitter account : http://twitter.com/CryptoShortNews and ill be doing the giveaway here upon getting some Karma . Thanks & Peace !

Join, new sub-reddit: http://www.reddit.com/r/karmateam and http://www.reddit.com/r/karmashares

For those that pay attention to the crap I say, you know I am a grumpy negative bastard about this coin and the various activities around it.
I have been very critical of the coin, the dev and the new team from the very start, now, I have to say this to the others that are pooping on this coin and Karmashares:

Kosmost is not trying to scam anyone, Karmashares is not a way to screw everyone out of their coins, no one has some grand design to defraud anyone.
There is a back story with Karmagood and his disagreement with the current efforts but it doesn't matter, he is upset, that is about as far as that goes. He can be upset, let him be upset. (no one needs to call him names about it though, so cut that shit out, yeah?)

I have had questions about the events surrounding the start of Karmashares, the break from Karmagood etc, I have not gotten the straightest answers, but I have gotten enough to know that the new team is not fucking around, they are serious about  KArmashares, they have every hope and intention that it will become somethign great and I say we help them do it.

Even if I am wrong, who cares?  You toss a few million coins that did not cost you much to get (even if you bought when they were going for 6-12 Satoshi), if you lose em, not a major lose. If that is too much for you to lose, do not toss any in the pot. It is really that simple. (I still say no one should grief anyone else if they think 10 mil Karma is too much, value is subjective.)

I hold no ill will towards Karmagood, he was always straight with me, but, I was never part of the team.

So here's the short version:
Invest in Karmashares if you can afford to lose the coins, you are likely to be very happy you did. Stop making baseless allegations and above all else, let's help Kosmost and gang go forward and at least try to make something AMAZING out of what was once total shit.


ps. I will still be a cranky fucker about this coin and will continue to point out bullshit when I see it, but I am still invested in Shares, and intend to stay that way for the long haul.

Now, go do something good.

Very well explained CatKiwi. This should put to rest any fears Karmagood has instilled in current or potential Karmashares investors. I'm taking advantage of the x10 period and have full faith in Kosmost to do what he says he will do to the best of his ability.

As stated earlier in the thread, Karmagood is acting like a child who dropped a toy that no longer held his interest...but as soon as someone else found that same toy to be interesting and valuable, he wanted it back.

Everyone just put Karmacrook on ignore....he's not worth arguing with.

Wow
Such agressive
No good Karma here
Better buy Black coin

Join, new sub-reddit: http://www.reddit.com/r/karmashares

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

 

I, community manager, created myself the new thread because I was pissed of lack of updates/dead links/dead pools/dead exchanges on the first post.
The whole actual team moved on the new thread, this one is CLOSED

Join us on the new one 

https://bitcointalk.org/index.php?topic=579973.new#new

I hope he returns to reason and release reddit of COMMUNITY

guys. karmacoingood doesn't reason.

he chooses to ignore everything but attacking us.

He doesnt care that he is hurting everyone else. He doesn't understand that his karmacoin is a free copy of litecoin, and therefore he has no legal bind

all this time all i have asked is for him to show what he has done in this past 30 days or more. What Dev work has he done?

he doesn't even bother to talk about his lack of fixing the openSSL bug.  (we have fixed that and will provide new wallets today)




i just dont know how to even respond to him anymore. Look at how he is behaving. If he trully cares about his coin and he found out inside people were moving to take it away from him, he should have been fighting and screaming and demanding answers. Look at his behavior. He says one thing then goe away , zero fucks given.

Does this look like a behavior of a dev? Not even bothering with his own coin, but only posting to say karmashars is bad?

I fee like he is trolling to drop the prices.

anyways i am done trying to rationalize with this guy.

Look at the histories all of us and then look at his. figure out who is doing what more for your coins and then support who you want.

We worked too hard implementing this coin and growing its network. Not gonna stop now because of one person

the names, logos, documentation etc that were and will be included in the github repository are all part of the open source software license and so can be used freely by anyone for any purpose.

Satoshi nakamoto invented bitcoin but even he cant sue people for using or misusing it because he released it into the public domain and didn't use his real name so even if he tried to there would be no way to prove his case.

people who "borrow" his work and ideas and then try to claim they have rights to it have even less of a case.

as for the Name or the idea of KarmaCoin there cant be any  trademark infringement because it was never a registered trademark and I doubt it ever could be trademarked because another company has already trademarked an almost identical name.

That license only applies to the software, not the creative aspects.
You know, the name and concept as applied to the software.

Just sayin'.

ok boys and girls enough of the petty squabbling.
KarmaCoin is an open source project based on other open source technologies so there is no chance of intellectual property infringement because you simply cannot patent an invention that is based on open source software and open standards.

KarmaCoin like bitcoin IS and should always be free for anyone to use/adapt and build economies around. anyone who threatens to sue people for using any KarmaCoin IP is doing far more harm to the community than good. Can you imagine if a rogue Bitcoin company tried to sue everyone else who was using the name Bitcoin on their website? I can and it wouldn't look pretty because the entire community would boycott them into oblivion.

Yes KarmaShares LLC is a separate legal entity to the KarmaCoin project and so by incorporating, they open themselves up to any and all legal and regulatory hiccups and hurdles that any crypto-coin based company would have to face. This of course is their choice and the choice of anyone who chooses to invest with them and I wish them all the best with their endeavors. As is usually the case with any startup company the majority of them fail but the handful that succeed reap huge rewards for those early seed round investors. So the recommended wisdom is that nobody should invest more than they are willing to lose.

Nobody can deny that the Karmashares team has done more to lift the value of KarmaCoin than anyone else and they should be commended for doing most of the hard lifting. So please lets all take a chill pill and watch this coin move forward without being bogged down in political BS..

KarmaGood if you want to do something useful the please recompile the client with the updated OpenSSL to fix the heartbleed vulnerabilities.

unless I missed it (and its possible since I haven't been reading everything) this issue doesn't seem to have been addressed and yet it is of such concern to many of the other cryptocoins that most of them have released updates.

Peace and Karma to all and lets get on with the show....


PS.. as an FYI here is the license agreement that covers KarmaCoin via Bitcoin

Read the complaints of many users for the lack of cooperation from Karmagood.
Look for work in the last two months and see who actually worked here.

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