Bitcoin Forum

https://i.imgur.com/KYFWded.png (http://goodomy.com)

Market Information

CoinExchange.io

GOOD/BTC @ https://www.coinexchange.io/market/GOOD/BTC
GOOD/ETH @ https://www.coinexchange.io/market/GOOD/ETH
GOOD/DOGE @ https://www.coinexchange.io/market/GOOD/DOGE

IDEX

GOOD/ETH @ https://idex.market/eth/good NEW!
(How to use IDEX guides (https://www.reddit.com/r/auroradao/comments/7c3j6z/idex_user_guides_how_to_trade/?st=jcaaf0nw))


Telegram
Goodomy Telegram (https://t.me/Goodomy_token)

GOOD ERC20 Token Address
0xae616e72d3d89e847f74e8ace41ca68bbf56af79
6 decimals
Contract name: "Good Karma" (Goodomy's old name. We may perform a swap to new tokens, whereby the contract name would change to 'Goodomy' also.)

GOOD Contract Code
https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79#code


Total Number of Coins: 888,000,000 verified limit
https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79#readContract


GOOD Block Explorer
https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79



Please note: This is respectful forum. Posts deemed to be disrespectful to other members or the community as a whole will be deleted, as well as irrational conjectures, inflammatory statements, false accusations, posts without content, and other improprieties that can normally be found on Bitcointalk. FUD will be deleted without question, unless backed up by rational arguments. Continued abuse will be reported to the system moderator.

Securities Disclaimer: The information contained in this website forum is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in the Company or any related or associated company or entity. Any such offer or solicitation will be made only by means of the Company's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly the information contained in this forum does not constitute investment advice or counsel or solicitation for investment in any security. This information does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. Goodomy and its agents expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.

So what's going to happen with the old karma?

That depends on the efforts of the original community, actually. Also, the current moderator of the thread (and former team member) would need to make changes, organize resources, and move things forward.

I have posted a more in-depth reply at https://bitcointalk.org/index.php?topic=579973.msg19590981#msg19590981

Please let us know if you have any questions or concerns. And thanks for visiting!

is there any bounty for this coin ?

I'm not much into the original Karma coin, but I have a simple question: Why is there a need for a new Karma token and how is it *significantly* different from the older one?

Hi. Karma classic is still on-going, as noted in the second sentence in the first post of this thread.

The fundamental problems with Karma are 2-fold: too many coins, and too many bad coins (coins that we stolen from exchanges, and also ones that the original developer mined unfairly at the beginning). There are other important barriers, as anyone who has been following the thread can attest, but we won't get into that here.

This is a place for good karma :)

The KarmaToken was a side project by a former team member. It allowed the exchange of both good and bad coins (of which I estimated the majority of coins swapped for the token we stolen from one or more now-defunct exchanges). I believe that is also still on-going, though there isn't much activity in the thread.

Hope this answers your questions. Thanks for giving me the opportunity to clarify some of that.

As noted above, the token was a project by a former member of the team. Most of the coins used in the swap, it seems, were stolen from one or more exchanges. (Our main exchange was MintPal, followed by Cryptsy. Both wallets are now in questionable hands. About 30 billion coins, or nearly half of the old Karma's value)

But more importantly, the purpose, direction, focus, and leadership of the two are very different.

I'm not sure about that but let's see after it's released. What did you have in mind?

Is this karma Token KTN?  http://coinmarketcap.com/assets/karmatoken/

I believe so, though don't know much about KTN since I didn't have anything to do with it.

How about the karmacoin in market alcurex and yobit? Whether in swap for new karma

If you need Chinese translation, reserve

Hi. The Karma classic (X11 algorithm) community is working on an updated wallet, whereby you should be able to swap. But you'll have to follow that thread in order to see about progress.

This is a 'fork' of Karma with a different blockchain (Ethereum), not directly related to Karma classic.

Please let me know if you have any other questions. - Thanks

As for old karma dev wanted to fair distribution I think. That's why he sent me 500000 karmas. Then I went to social media asked people to give me karma wallet address for giveaway but nobody bothered taking them. Back then nobody cared to getting free karmas. This time we will succeed I think.  8)

Edit: What's the difference between coin and token?

Airdrop?

Hi. "Coin" is often used incorrectly (as it is usually a proxy issued by governments, through banks). But since we have "bit-coin" people have been using the word to represent the abstract value that a piece of software produces by itself.

Tokens can be thought of as the values coming from a platform that can issue many different 'coins', like Ethereum or Waves.

No, but there may be a way to get free coins by exchanging something else of value (besides another cryptocurrency), such as performing an action on social media.

So it's pretty much same thing?

Pretty much, but usually platforms like Counterparty call it "token" because in theory you should be able to do more things with it, like use it to represent a ticket or a reservation or shares of profits. If you said "coin" in that case it would be more confusing, but they are essentially the same thing (because you can also do lots of things with "coins" but we usually want to attach physical limitations to coins, so they're not really used in the same way. But it someone wanted to they could create a Scrypt-based coin that represents shares of profits of a company, for example).

Nobody has the tokens yet, and we have an exchange?

Thanks for the information. That helps a lot.

when do you plan to open some social media campaign? and its also better to have signature campaign too, since this is a new coin project which will be needed to have exposure in order to gain support coming from the forum members and non members that will get attention from the social media advertisement.

Wow great news. What should we do as old karma users? Buy it from exchange or swap classic karmas?

I think it's best to focus more on potential users, actually. I don't anticipate much support here for that reason (perhaps outside of the target demographic).

For social media, it will come in time. Baby steps first

Thanks for the support! More ideas are welcome :)

Thanks. The two are separate, however, so nothing has changed about that.

youre logo is same with karma coin and karma token
this name coin is same use "karma", youre same with karma token dev
why karma token project not open ico selling but create new project

Hi. Thanks for your questions.

1) I am the only one who has the rights to use the logo (as I paid for it in full). I am allowing (classic) Karma to use the logo until they organize their resources and come up with a new logo

2) The ticker symbol is "GOOD" and will be known by the name "Good Karma". Karma is a concept and can be used by anyone. (However, I also have the trademark on the word 'karma' for cryptocurrency.)

3) I don't know anything about Karma token (KTN) which was begun on Counterparty 1-2 years ago by a former team member. Please ask the person who runs it.

Please let me know should you have any other questions or concerns. Thanks again :)

is there any bounties dev ? and if you need to get listed on an exchange contact me :)

No bounties yet but you're free to suggest something. Thanks.

Please note that any posts not adhering to the rules of Bitcointalk and also our community guidelines will be deleted without hesitation. Thank you for your understanding.

Seems that the dev for this coin is pretty serious with his project.
Addressing queries one by one. Hopefully, this is true 'til the end.
Usually, the project is only active in the beginning but the energy subsides as the project becomes older.

Indeed. This is actually my original vision for Karmacoin from 2014 (after 4 members of the community, including myself, took it over from the dev, who had abandoned the coin after he realized he could not steal as many blocks from other miners failed).

I rejoined the Karmacoin community just recently and tried to revive it again, but there are so many bad coins there now (from 2+ stolen exchange wallets) that the price may unfortunately be forever at 1 satoshi or less.

However, when I re-appeared on that forum the Karma coin volume on YoBit jumped from less than 1btc per day to over 25 per day, giving me hope that maybe the Karma community wanted me to lead the project again.

Due to an uncooperative moderator (who has taken control over at least 1 exchange wallet, from MintPal and perhaps Cryptsy) whp posts to forum yet cannot be bothered to change the OP, as evidenced on the first page https://bitcointalk.org/index.php?topic=579973.0 after I while I realized that not much would happen and I had to consider other options.

Thus, a new 'Karma' coin called Good Coin, to start afresh and make it happen!

Good Karma is looking for people to help build the coin and community!

Please PM me if you're interested.

Currently, I am working on a road map, adding more details to the website, and dusting off our Facebook page.

Any help would be appreciated. Let's take some GOOD to the dark side of the moon!

Is it just going to be in exchange for getting new karma? And no bounty plan?

Hi. The problem with bounties is that they're difficult to make transparent. Therefore, I would need to pay for it out of my own pocket.

Some coins, for example, set aside xx BTC for bounties but they are, instead, claimed by the devs. Where is the paper trail?

The idea with Good Karma is to make a fully autonomous organization where everyone can see what's going on in real-time. Unfortunately, for bounties that isn't possible just yet.

As I mentioned before, though, we may do social bounties where the general public can get free GOOD by doing something, but that's different than what you're talking about.

If you have another idea I'd love to hear it.

Thanks

Join us on Facebook! https://www.facebook.com/GoodKarmaCoin/

hey kosmost i'd say you are doing a GOOD job remedying the problem! better communication and clearer instructions than most of these 10M dollar ICO "companies".. i'm looking forward to the future of this community/movement!

Thanks, just giving my all! It's appreciated :)

you might want to add that when you add 0xbbB88154F8FA94c3B5Bc65088ac7dB80A926E9B4 to your wallet you also need to put '0' for decimal instead of the usual 8 or 16 otherwise you get a fraction of the amount

Yes, and that was part of the issue (the uint8 number). I'll make that clear.

Thanks.

Also, it seems like Ethereum is having some issues at the moment.

Apparently, Ethereum is suffering under heavy network load at the moment due to the status.im ICO occurring today (which has, by the way, 100,000 ETH waiting for it - about $37,000,000)

My transactions to fix what needs fixing aren't going through. Damn ICOs!  :-\

Will try again in a few hours...

Ethereum network has been DDOS'd by the status.im ICO. Quite a number of transactions still aren't going through and a lot of exchanges have their ETH wallets in 'maintenance' mode.

This is the transaction traffic as compared with other ICOs.

https://i.imgur.com/vCPQNB5.png

However, the traffic is not the issue (because Ethereum can scale). The problem is that the way the status contract code was set up, it encourages people to keep submitting the transaction so they can get the next release of open spots. Essentially, a DDoS attack in the form of an ICO.

In comparison, the most number of Bitcoin transactions in a day was about 350,000, which works out to 3.79 transactions per second. Ethereum does Bitcoin's highest as its daily average, and on the 18th did over 5 per second. Ethereum has all but overtaken Bitcoin in market cap.

(For those that aren't aware of what Ethereum is, exactly, it's a giant distributed computer that can execute code called 'contracts' on nodes around the world.)

The upside of this is that it will attract more innovation to Ethereum and also lead to more excitement around Ethereum-listed tokens (which, right now, isn't many). This drives up the price of Ethereum which will also be a driver for the Good Karma market cap, which will expand the economy as more people want to hold Ethereum-paired tokens rather than BTC-priced coins.) The average market cap for Ethereum-based coins is $70m, which is nearly double the average market cap of CounterParty, NXT, Waves, Bitshares, and Omni combined.

There is a bright future ahead for GOOD, especially when we can easily interact with other contracts. Imagine Good Karma and Toyota partnering up so that someone gets free GOOD when they buy one of their hybrid cars. Things like that can really only work on Ethereum.

For this issue, Ethereum will likely come out with a fix so that this kind of thing doesn't happen again, and the price will go up another 3,000% like it did last year (my prediction) and become the first trillion-dollar entity. (No, I'm not kidding. My reasoning behind this is that every business and corporation that transacts with Ethereum will need to purchase ETH, driving up the price. When Singapore is about the release an Ethereum token to use as it's national digital currency, Russia is planning to do the same, Toyota and Microsoft are involved in the Ethereum alliance, and JP Morgan is working on putting bonds on Ethereum, then you know it's going to be far, far bigger than it is today. It will leave other platforms in the dust and is my main reason for using Ethereum for Good Karma.)

Growing pains, just like the early internet, electricity-as-a-service, the automobile, and modern banking.

We'll get it straightened out. I'm checking every hour or so.

Thanks for your patience :)

you might want to consider registering GOOD with the token registry app within the parity wallet. it costs .05 ETH i think. otherwise you cant see your balance without querying the smart contract. btw it seems like to add the custom token in myetherwallet you need to use address 0xaE616e72D3d89e847f74E8ace41Ca68bbF56af79 DECIMAL  "9" to get the correct values now.

hey kosmost i have the day off work to get my car exhaust fixed if you like i can setup a slack channel & auto-invite bot on herokuapp . once you join ill make you administrator of course

also hitbtc is a good exhange that adds a lot of ETH tokens

wow after seeing this site i think its really a good way to receive a bounty and its better to make people realize that a good karma will back to you
if you provided it right hope to see this in a main stream with a lots of new unique ways to share blessings, good job dev team. more videos and more people to adopt the system.

Thanks. Just a sneak peek at things to come!

site looks good kosmost. a few things: maybe tweet at coinmarketcap to get us listed there. he usually responds to tweets and etherdelta is compatible.

also etherdelta has a miminum price of .00001 ETH. the decimals dont go beyond that. so when you say offer it up cheap we are pretty much as cheap as can go. 3rd. ive been experimenting with hitbtc the last couple days and it is an absolute nightmare. they are not processing my token withdrawals, the site is constantly out of service. its really user unfriendly. perhaps liqui.io will list us?

Hello Everyone, I'm new to the cryptospace However I got around using the etherdelta to purchase some GOOD.
Now how do I transfer the GOOD to myetherwallet?

Thank You! That was very helpful. Its displaying in my wallet now.
Now the next step is changing them to the new tokens (x1000)

I'll read up on that And ask questions if its not clear.

Thanks.

Ok, good.

However, if they are showing in your wallet, they are already the new tokens (as the 0xae616e72d3d89e847f74e8ace41ca68bbf56af79 token is the new one)

The message regarding the tokens was for the previous ones. My apologies for the confusion.

Done as you said ,  and got the new tokens .thanks.

Excellent, thanks. Let us know if you have any questions.

hi,man ,Keep up the good work, im looking forward for the success of this project! Goodluck

Thanks a lot. It's a pleasure! We're just getting started, with lots more good things to come :)

big dumps today...


https://sd.keepcalm-o-matic.co.uk/i-w600/keep-calm-and-buy-good-24.jpg

 ;D

how is the deal here? if i buy 1.000 tokens from etherdelta and withdrawal those tokens to my wallet i get 1.000.000?, or i get the same tokens i bought (1.000),

nvm, just bought 20$ worth of goodkarma to see, the real marketcap at this price is 7M$+, thats way to high for now, will wait for other exchanges...

Looks like Ethereum took a dip today as 4chan spread a rumor that the founder of Ethereum was dead. (He has since proven his existence with a blockchain message on Twitter.) Kind of funny.

The following are some Ethereum tips for newbies.

1- Never hand-type your address.

2- Use the version of your address that has uppercase letters.

3- Never hand type your private key / keystore file. Triple-check the words for mnemonic keys if hand typing (there are still mistakes you can make).

4- Always send a small amount of ETH, ensure everything goes well & it arrives at the destination you wanted it to, before sending all the ETH.

5- For new wallets, especially cold storage, send small amount in, send small amount out from new wallet, before sending full amount in in.

6- Save / back up your private key in a separate location BEFORE sending ETH/Tokens to it.

7- Don't email your private key.

8- Don't post your private key on Reddit, Twitter, Slack.

9- Don't store your private key on Dropbox or another cloud storage service.

10- Double & triple check your work. Look at what you are sending. Look at how much you are sending. Look at what address you are sending too.

Credit: Reddit user insomniasexx

OMG I already sent the tokens to the address before you responded. How do I get them Back?

I sent 20,500 tokens back. I assumed that was going to translate to 20,500,000 because the market cap when I bought was about 5000USD (15ETH) and I used  0.401 ETH to buy.
Please help.

Let's get it sorted. Please clarify what address you sent the tokens

should be all good now,

thanks

Thank you! seen.

very good idea and very interesting project , will keep my eyes on it

Yeah nothing to worry about. I bought ethereum at 7$. Still doing great.

Edit: Are we abandoning old karmacoin?

It is really up to the old Karmacoin community to figure out what to do with the 20-30 billion coins that were stolen by the person that has been in charge for the past couple of years. I know that most seem to want to brush it aside in order to be able to swap their old coins, but that's probably not the best way to move the old Karmacoin forward (as there is a risk of billions of these bad coins also being swapped, and dumped). It is a unique circumstance but there's only so much that can be done about it, unfortunately. The person that recently assumed leadership seems to have given up due to an absolute lack of community participation in the moving forward process.

Yes, looking forward to a bright future and focusing more on GOOD things :)

hey kosmost i was thinking since GOOD is such a high float token a cool guerilla marketing strategy would be to send some free good to addresses that buy into a ICO with similar values. the reason i bring this up is i noticed that I received 1 neverdie token (NDC) from an anonymous source and it made me look it up and take an interest. the only problem is gas cost these days is expensive for sending tokens. maybe pick out a ICO that you think would be a good fit and i will try some sample transfers to see what the lowest gas while still getting accepted is possible.

Pretty good idea. It might work because the token will now show up in the person's wallet (on Parity, at least) I'll look into it. Thanks :)

there's a backlog of Eth transactions though, due to the recent ICOs, so a transaction that doesn't have enough gas might be waiting for quite a while. But hopefully things will be back to normal where something like this could be feasible.

NO ICO and directly onto the trading platform? Most people can only buy coins at low prices through these platforms

Although I was a pioneer of ICOs back in 2014, they are as illegal today as they were back then (in the US in particular). That's why I shut it down. But increasing popularity doesn't translate to increased legality.

I haven't conducted any polls, so am not sure about what most people visiting this thread prefer. It's a good idea, though.

Finally bought some GOOD. Where do I store it. Is  there a wallet ready?

You gotta put this on some other exchange maybe Nova there can vote everyone :)

Some people are clearly not getting the hang of the UI on EtherDelta. People are paying 10 and 100x over the odds for GOOD when there is no need. Really bad UI as decimal places dont show up well. Beware and work it out.
GOOD luck Karma!

Wonderful! The best wallet is probably Parity Eidoo. Instructions are here: http://goodomy.com/how-to-put-good-in-your-wallet/

Let me know if you have any other questions.

What's the Circulating Supply for this token. The same as the Total Supply?

Also, I don't understand where the money goes. So basically everyone who buys a token, is buying it from you directly (basically), and you decide how to spend it? ???

Hey all,

While I finalize the project plan and road map, is there anything you'd like to see Good Karma implement along the "do something good today" principle? Could be a business model, features, target demographics, marketing, anything.

Please reply here of PM me. I'll take all suggestions into consideration. Thanks!

Just a quick update. I made some changes on the website and provided some additional information as to Good Karma's direction: http://goodkarmacoin.com/

Also, I've decided on a name for the 'Good Network' and will announce it as part of the road map.

Great News! Keep it coming Kosmost !

I bought some knowing it's a longshot... do me proud!

I enjoy your enthusiasm and I was looking for a high risk, high reward token to go into. I'd be very happy if you hit a 50mil cap. Will the coin be appearing on coinmarketcap soon?

Hello, I bought some GOOD, do I have to leave them into EtherDelta wallet? any other wallet option? thanks

Not enough volume on here to not keep it from being wild to be honest.

Would you be willing to trade tokens for assistance in web development or graphic design work?

Wallet instructions are here: http://goodkarmacoin.com/how-to-put-good-in-your-wallet/

Someone else wanted to use Myetherwallet.com, and I provided the instructions at: https://bitcointalk.org/index.php?topic=1969334.msg19761787#msg19761787

Let me know should you have any other questions. Thanks!

looks like the token contract code is a copy from the Ethereum tutorial smart contract, lol

Indeed. It's about 95% the same as the standard solidity ERC-20 contract. A number of tokens use the same code, of course, just as there are a number of altcoins that are essentially clones of Bitcoin. Should there be something wrong with using code that is proven to work? Perhaps we should have added some more whiz-bang and flashing lights? :)

But 95% of the value of a coin/token comes not from the code, but from the unique concept+execution that the code helps to facilitate.

fyi, Etherscan shows 0 other tokens that are an exact match, 0 others with 'high similarity', 4 with 'medium similarity' (with 2 of these being mine), and 253 others with 'low similarity' out of 808,170 other contracts. https://etherscan.io/find-similiar-contracts?a=0xacad29db83879b8a248d1782febf5e7afc1bd747

The lines of code that power Bitcoin-based coins far out-number the lines of code for Good Karma. Thus, more similarities with other tokens are expected. That is to say, the fewer the lines of code the more similarities there may be.

But I'm happy to use anything that is open-sourced and proven to work, clone or not. When we think about the number of people that can verify the integrity of PeePeeCoin's code, ERC20 tokens have a distinct advantage in allowing the possibility for creators to open a contract up for the public to see. (In fact, the main reason I wanted to use ERC-20 is to prevent a problem like we had with Karmacoin where we found nefarious, hidden code.)

Good time to buy ;)

is it really a good time to buy? 0.000002 ETH? this could be very wild, the highest buy orders is for 0.0000006 ETH ATM

.000002 ETH puts us at $450,000 market cap. this is way undervalued IMO. just look at the coins around #350 on coinmarketcap. most of them are completely inactive! nowhere to go from here but up

I know that people hate YoBit but I think that it would be another GOOD place for this coin. Despite all the trollboxscams and the abundance of dead coins you still have to give it to yobit. It pushes out volume! They have a .1 BTC fee for a  4-7 business day add I'd gladly pitch in a little bit.  ;D ;D

Why not just give people money, btc, or hell even doge if you want to reward them? Why does it need a new token?

You think that $450,000 is undervalued as of today?

This is around 100x the price the coins were initially sold for some days ago!

I would like to know how bought most coins for dirt cheap and what are they motivations for the next weeks/months.

It's a good question. I am not really saying that much for now, only that it is for 'rewards' but I guess you could say there is a unique twist to the concept that I think will add tremendous value. (My apologies for being vague and mysterious about it.)

Time will tell, though.

Good Karma....

What the hell ;D :D ;)

Hello dev any news about Yobit ??
Good luck  ;D ;D

bittrex will be the big factor here OP as we knew that there's a lots of pumping going on with that exchange and its not helping the project
just be careful with any pumped team that will take advantage, looking forward to see this inside yobit and other additional exchange.

There wasn't much interest?

Maybe not, but this still does not make it right that some guys (is it more than one?) bought all the coins for very cheap (they were first listed for very cheap).

The first adopters got it almost for free, and all the GOOD was sold very fast (hours? minutes?).
The difference of purchasing power (in number of GOOD units) of someone that saw the coins for selling when they were first listed, and someone that only reached the exchange hours latter was huge.

This presents a huge advantage to early adopters (opening the EtherDelta page one day latter than the initial listing day and you can only purchase GOOD for 100x the price...), similar with what happens when a coin is premined.

GOOD is now being added to Coinexchange.io!?!?  ;D ;D ;D It just appeared in the Newly Listed.

Correct. No one from the old Karmacoin thread was interested in doing a new coin for Karma without a swap. (But I didn't want to do a swap because about half of the old Karmacoins in circulation had been stolen.)

This post: https://bitcointalk.org/index.php?topic=579973.msg19528164#msg19528164
and the one following it illustrates some of my reasoning for wanting to re-launch Karmacoin.

However, after it was created there was one person from there who started posting here. Also, another member asked for free tokens (just because).

But the reason I created Good Karma was for the benefit of the Karmacoin community.


I wanted to price it very cheaply for the community, as I had said from the beginning. After I saw that there wasn't interest, I priced it even lower commensurate with what I thought was market demand (almost null). But I also wasn't aware of how 'difficult' the exchange interface was. I guess you could say I screwed up the launch, and a difficult exchange probably made it worse. The problem will de-wrinkle itself given more volume, I think.

As you can see from the post above, some people are quite observant. Others are just quick. I am also guessing it took some time for (most?) people to figure out how EtherDelta worked, but others were already familiar.

Regardless, for the next exchange I will probably let people know when the market is up and link to it, but offer no more than about 1,000,000 tokens for the first week. (The rest will come from people who already own it.) This should give more people advanced notice of our new exchange.

Mighty observant of you :) It's being considered, but there's no official announcement yet.

By the way, I will release the road map and some more details about the future of Good Karma once we have stabilized on a new exchange. There's really no point in doing it before then if there's market manipulation (or lotsa fatty fingers) going on at the current one.

(Also, once we have another, easier exchange I may point people only to it from the OP and also the website, in order to make it easier for people to trade and have a better overall experience.)

I'm happy to announce that the following markets for Good Karma are now open on CoinExchange.io

GOOD/BTC

https://www.coinexchange.io/market/GOOD/BTC


GOOD/ETH

https://www.coinexchange.io/market/GOOD/ETH


GOOD/DOGE

https://www.coinexchange.io/market/GOOD/DOGE


Tokens from the G∞D kitty will be added in a few days. However, you are free to buy/sell now. This will allow the marketplace to determine the price that it should be traded at first, now that we're on an exchange with a market that should be seeing more volume.

After having dealt with about 9 exchanges so far (some larger, some smaller) I must say that CoinExchange is the best I've worked with for GOOD in terms of both their response times and their level of support.

More exchanges to come!

I like the positive vibe in this thread. Good luck with Good Karma. I just invested some via coinexchange.io Can you give a estimate time about the release of the road map and some more details about the future of Good Karma?

Bought a big bunch of GOOD  ;D

Good stuff! Thanks for your support :)

I got Karma coin on Yobit. Can I swap it for Good Karma? I was waiting for the swap to happen but it seems it is not?

Hi. Unfortunately, for this token it was decided not to do a swap (from nearly the beginning) as expressed from this post and a bit before: https://bitcointalk.org/index.php?topic=579973.msg19541126#msg19541126 (last 2 paragraphs, then pretty much every page after that)

This doesn't mean that a swap with the old Karmacoin isn't possible if the Karmacoin community decides which direction to go, but please refer to that thread to keep updated on it.

Let us know if any questions about Good Karma can be answered. Thanks

what happened to GOOD on coinexchange? Almost no trades.. is this normal? There were more trades on Etherdelta...

I was thinking if it would be nice when there was a Good Wordpress plugin. The possibility for readers of articles to share Good with writers when they feel they deserve it. At the same time I wonder why to use Good for it because there are already Wordpress plugins like this to share Bitcoin with writers. Can you explain what the advantages are by using Good over Bitcoin for these kind of implementations?

Good Karma is the only token doing rewards that I know of. But the focus won't just be tipping-type rewards (a la Dogecoin or Reddcoin). That's not a unique value proposition. It's more of a novelty, I think. So, while a Wordpress plugin is nice to have, it's not the end goal.

Good Karma will be providing a service for the 700,000 retail shops in the US and millions more around the world that may want to offer rewards to their customers but do not currently have a solution. We will initially focus on offline transactions with an online component. Once people have GOOD in their wallet they will then be able to reward whomever they like.

By this time next year a user sending GOOD somewhere should be able to do it without transaction fees, thanks to Ethereum.

A coin/token that focuses exclusively on rewards can do all kinds of things that one without a focus (like Bitcoin) would not be able to do. It's the difference between going shopping for a bestselling book at a large pharmacy that sells a little of everything and going to a bookstore.

The focus will be the average consumer, not people who are already familiar with these things. It's what I have done for many years. Branding efforts will also be made with that in mind. Coins and tokens that are looking to be tremendously successful need to put the average user in the driver's seat of their product roadmap. Anything else is just another Bitcoin.

Interesting! Is there a discord/slack or telegram channel for GOOD at the moment?

Thanks for your answer, clears things up for me. Nice mention on Crypt0 today.

Also around July 20, when we get a bit more activity. Thanks!

A few updates...

https://i.imgur.com/jRn6gc2.jpg

Any questions, please feel free to ask :)

A few notes about the name, "Good Karma"

Although the token might be known as Good Karma, we also have the option of going with 'GOOD' if consumers prefer the shorter name. In that case, the goodomy.com website will be the consumer-facing site for the token. The website can also be used for businesses and enterprise clients.

Although longer, GoodKarmaCoin.com or GoodKarmaToken.com can also be used. I like the name "Goodomy" because it is more brandable and also sounds like "good of me"

But it really depends on what potential users like.

The shopping app and website will be called "Shopomy". The name has a more general appeal and it's also brandable.

Most people, I think, would simply interface with the shopping app. A user won't need GOOD to make use of it, nor would they need to know anything about it. A percentage of these users will utilize the token in some capacity.

it might be a bit confusing because I'm presenting some options, but for the end user it will be more simplified and clear.

Regarding the 'ICR Announcement' coming up, it's some info about a plan in Good Karma's future.

I developed the ICO model a few years ago to strengthen the economy of the coin I was working on, but shut it down because of potential SEC issues. The new model ("ICR") is a far better way to strengthen the economy of a coin, I think, particularly when there are US citizens or residents involved.

It doesn't need to be as popular as the ICO model has become, of course. It only needs to work for Good Karma to be successful :)

So what does ICR stand for? Initial Coin R?

Why won't it "shut down" again, for this or other reason (such as, you bail out)?

More info to come :)

I shut down the ICO on the recommendation of legal counsel after giving an opportunity for anyone in the community to take over. The difference is that ICR is legal to operate.

Besides that, the ICR is a process, not a legal entity for which someone has a legal responsibility. Any entity would be able to do it.

Hi. It's at https://etherscan.io/token/0xae616e72d3d89e847f74e8ace41ca68bbf56af79

For quick reference, please refer to the OP.

We all expect something positive in this thread. We believe in a time when karma will get better with a better future (Good Karma)Good luck with Good Karma

Thanks, huu. We're just getting started. The future is bright, indeed  ::)

still on schedule!

Thanks for the update. GOOD to see the topic is open again. I see the buy support for GOOD / BTC Market is slowly growing. GOOD things takes time. Looking forward to the roadmap and additional details release.

hi,if need Chinese translation, I will also maintain Chinese thread with updates and replies. The Chinese market is the biggest crypto market in the world. I can also start threads in other Chinese websites on this topic. please PM if interested.

Thanks. Slow and steady wins the race!

(but of course we won't be that slow)

What's the comparison to Musicoin?

Also, I surmise that the project is one 1 person as of now (which is fine), but can we at least know who you are?

Hi i'd like to buy 1000000 token for $0.0005 each . Is somebody interested to sell it ?

the price on the exchange are too expensive to me and there is not enough volume to make a correct transaction .

Thanks

It's on the good karma website who he is.

That's what I wondered, also.


Correct. Other details will be provided as the project progresses. For now, my bio is in the second post. Let me know if you have any other questions.

Thanks

The Good Karma roadmap, business model, and ICR announcement is scheduled to be released on July 20th.

Thanks for your patience!

Updates today, as discussed. Thanks for your patience!

The Good Karma roadmap. (Also posted to the OP, for your convenience.)

https://i.imgur.com/XsLLQQH.jpg

The Good Karma business model (more or less)

https://i.imgur.com/56IhxuM.jpg

Please note that I am also debating whether or not the name 'Good Karma' should be changed to "Goodomy" (with the same ticker symbol).

One interesting issue that was had at the old Karma coin was that it somehow attracted, shall I say, "interesting" characters. Having been involved in other coin communities, this seemed odd to me. Another community member and I speculated that Karmacoin attracted so many ill-intentioned persons (that also led to more than half of total supply being stolen) simply because of our natural subconscious associations with "karma" and similar concepts. (If Google's search results are anything to go by, there are about 20% more results for 'bad karma' than 'good karma'.) Silly to think about, perhaps. Or not.

While changing the name to disassociate with both "karma" and the old Karmacoin seems a bit superstitious to me, it is under consideration. Alternatively, "Goodomy" is being considered. This would also align more with the main service (Shopomy) and enable more consistent branding.

It's also a homophone of the phrase "good of me", for whatever that's worth.

One other issue with the name, "Good Karma" is that it would be hard to find and rank in search results, as there are about 444,000 exact matches on Google. Goodomy would be far easier to rank well, in comparison (as would Shopomy).

More details about the distinction between Goodomy and Shopomy as we progress, but you may be able to tell from the road map or model that Goodomy is more business-facing while Shopomy is more consumer-facing.

Note that this topic will continue to be locked until https://bitcointalk.org/index.php?topic=2012485.msg20263763#msg20263763 is resolved with the poster agreeing not to post (as I have asked, due to me having to delete 12+ "scam!" messages).

Alternatively, a Discord channel can be set up. That does take some time to manage of course (which is time I'd rather spend adding value) but I do want people to continue to ask questions and also get some feedback.

For now, you're welcome to send me a PM and I will post the reply here, or you can also send me a message on the Good Karma website. unlocked (and still unresolved).

Thanks :)

Thanks so much for your comments. Yes, user feedback is essential. Really it's all about what users like, not so much what the developers like personally. Personal preferences only get us started but after that the people that will actually use the product/service give us important clues as to how to evolve.

Once we have the alpha ready then we'll ask for testers from the community. I'm happy that you'd like to volunteer!

Marketing is also essential and more focus will be on this as we progress. Much of my background is marketing but at this point it may not make sense to have momentum build without something that can be used now (hype around ICOs notwithstanding). Hype certainly adds to the coin price, so I understand that aspect as well. However, once the services are in place any perceived 'losses' due to lack of hype at this time would be negligible. This also provides people ample opportunity to observe and consider.

For communication, I'll probably set up a Discord channel. However, I won't have much time to manage it so may wait a bit on this, unless someone would like to volunteer to moderate.

Hello, will GOOD be added to other exchanges? When? Meybe this will help to increase daily market cap and number of transactions? Thanks.

This is not a strict timetable, so it may change somewhat. If you have any suggestions or ideas please let me know. Thanks!

Regarding the choice between Slack/Discord, etc., does anyone have a preference (and why)?

Personally, I prefer Discord because it's robust. Slack's interface is a bit inefficient in my opinion, though it seems quite popular. Discord is also free and has more options. Telegram is more of an app, which I would not personally use (as web interfaces allow me to get more things done, faster).

Any ideas?

In 2014 I introduced the ICO to the cryptocurrency space (for Karmacoin). Today, I bring you the ICR.

What is an Indefinite Coin Repurchase?

An Indefinite Coin Repurchase (ICR) is a strategic program that token enterprises can use to reward those who already own tokens. Whereas tokens are purchased directly from an enterprise at a fixed price in an initial coin offering (ICO) in hopes of future gains, in an ICR the enterprise uses its profits to buy tokens back from token holders, rewarding them in the present.

While profits from an enterprise cannot legally be distributed to token-holders in the form of dividends in the US, per securities regulations, those same profits can be used to benefit token holders in other ways. The way that most benefits token holders may be an ICR.

With an ICR, a significant portion of profits - or even all profits - from the business will be used to buy back tokens from token holders either from exchanges or by allowing holders to tender their tokens directly to the enterprise at a fixed price, a kind of reverse-ICO.

What are the Benefits?

An ICR would reduce the number of tokens in circulation, potentially elevating the market value of remaining tokens held by the public. It will also prevent the enterprise from hoarding cash and cryptocurrency, an ongoing problem with ICO companies.

Also, whereas an ICO can only be done once, there is no limit to the number of ICRs that can be done for a token.

Why is it "Indefinite"?

To help mitigate market manipulation, the number of tokens that will be bought back and the amount that will be spent to buy those tokens will only be announced after the fact. However, when an ICR is announced for a token the timeframe for the repurchase should be announced as well. To voluntarily comply with SEC guidelines regarding stock repurchases (if the same was applied to tokens), tokens would be purchased from a single exchange during a single day.

There are some potential legal issues with ICOs. Could there be issues with ICRs?

Companies that issue shares may already have ongoing share repurchase programs, which is perfectly legal. SEC rule 10b-18 provides guidelines for share repurchases so companies will not be deemed to have violated anti-fraud provisions of the Securities Exchange Act of 1934 if the repurchases fall within the four conditions of the rule (manner of purchase, timing, price, and volume considerations).

Effective this month, or next month at latest, Good Karma will be known as "Goodomy"

-Your tokens and the token contract will remain the same. No need to change anything there.

-The ticker symbol will remain the same ("GOOD")

-The GoodKarmaCoin website will point to Goodomy.com

-A new logo will be created.

The new name will align with the main services web and mobile app, Shopomy, for the mass market, to be announced in a few months.

Any questions, please feel free to ask! Thanks

Good work kosmost!

Amazing work Kosmost! exciting news.
Regarding another communication channel, Discord sounds great. Slack has been receiving lots of spams and hacks not my favorite at the moment.

Thanks!

Agreed. Seems to be a target. Thanks!

The future of this coin is bright, hoping to fly to the moon

Seems like good timing for the ICR: https://www.sec.gov/news/press-release/2017-131

I agree. I hope this gets noticed.

This thread has been very quiet the last couple of days.
Is everyone preparing for August 1st Armageddon lol?

yeah, I guess some people are getting a Bit-nervous :)

I guess the FUD has subsided a bit. Anything new cooking Kosmost??  :)

I think there's been enough time for feedback regarding the name change, so I will start doing that and submitting the change.

For the logo, for now it will just be a simple G inside of a circle. It can always be changed later. If anyone has a design they'd like to submit please feel free and then we can discuss it here.

For development, still going according to schedule. If anyone would like to do community management and help with Discord (which is yet to be created) please let me know. Thanks!

Yes the name change is good! I am very curious what you have in store for us, Kosmost.

I believe we need to pick up the pace, competitors are springing up.

Nexxus claims to be the first reward system for crypto:::

https://medium.com/@bobnexxus/nexxus-rewards-technology-764be317c37c

Also, I noticed an ongoing swap for the old karma coin has started.

That's good news. Glad to see a competitor (though they're not the first rewards coin). Now there is an entity who can make all of the expensive mistakes and we have a much better idea of what works for different use cases.

Competition is a good thing :)

Schedule hasn't changed, however.

Nexxus is nothing but SCAM ! (There is Nexus which is wonderful project) And new coin called NEXXUS which is a scam ! So go ahead with your project. I will buy some coins of yours.

Thinking I may need to accumulate some of this.. ~

that's right dev competition will only bring more spectators and they will just noticed which is the right project to support so why bother about them
just continue with your plan and begin to rise after, good luck.

Exactly.

Thanks :)

SO I thought I should try out some new logo look for the goodomy.

The inspiration behind these images was to make it minimalistic and fun to look at, and channel some of that good energy. So when you reward your customers, employees etc in good you literally feel good by looking at the logo in your wallet lol . Green and blue were used to depict. Life, confidence, integrity, Health, nature, and altogether positivity.... The colors are subject to change also, However that depends on what the community decides.

What are your thoughts?

https://i.imgur.com/tD4roBw.png

https://i.imgur.com/DiXAOto.png

https://i.imgur.com/2qQu938.png

Single letter logo (colors can be changed)

https://i.imgur.com/7tI1VdI.png

https://i.imgur.com/2nc19pZ.png

https://i.imgur.com/Tyxk5OW.png

I really like these~

You are very creative! GOOD to see! I like the last logo, it's professional and subtle.

Nice work, FreshB! It's appreciated. I'm more inclined to pick single-letter logos but am also thinking of the coin aspect so may want to put it in front of a sphere. I usually test designs with the target market so would probably do that before deciding on a final logo, but any one of these could certainly serve as a temporary one, if not permanent.

Good work!

G inscribed in a sphere:
https://i.imgur.com/4u1PD0nm.png

G overlayed on a sphere:

https://i.imgur.com/wADgsDcm.png

G inscribed in a colored sphere:

https://i.imgur.com/g8INs1om.png

I like them. But doesn't it look a lot like google's logo?

Familiar is good. Most famous logos kind of look like each other anyway. That's by design, I think. The Facebook logo looked like the old myspace logo, the Burger King logo used the same colors as Wendy's and McDonald's, the Mini logo looks like the Bentley logo, etc.

I think a similar design would actually work to our advantage.

https://i.imgur.com/0rqh8GY.png
https://i.imgur.com/nqhGiIk.jpg

There's also color association:

https://i.stack.imgur.com/M9PgU.png

I'm thinking of a simple yet powerful design that could be prominently displayed in a shop window. The following is reminiscent of Target stores, with a humble 'G' in the middle, one that has a smiling face, or one that implies fun and excitement (respectively):


https://i.imgur.com/sQyIF5M.jpg



https://i.imgur.com/wB2Ax7c.jpg



https://i.imgur.com/lbFqmbU.jpg

Notice that MasterCard, Visa, and Discover all use about the same colors:

One last one that more closely matches the colors of the credit card logos

https://i.imgur.com/zgwKT9g.gif

I see what you mean. I definitively appreciate this one the most. Simple yet profound.

Here's what it would look like on the new website: http://goodomy.com

Once we have the logo already, I will inform the exchange of the name change (and change of logo at the same time), as well as CoinMarketCap

By the way, this name change and logo stuff is of minor priority compared with the value added by the actual consumer-facing services.

We're still on schedule and still have the same business model and plan.

This isn't a coin for day traders, of course.

As we get closer to testing and release there will be more updates. No need to give competitors (or potential competitors) any ideas :)

I totally agree, however the facelift is already looking promising as portrayed in the price of goodomy within the last 24hours.

Great work Kosmost. I remain a firm believer of this awesome project.

Amazing! This looks really good.

Thanks, FreshB and gunmaster. It's appreciated!

All changes have been submitted and OP updated for the new name, logo, and website! Old website now forwards to the new one (http://www.goodomy.com)

(and we're still on schedule)

When I try to withdraw GOODs I see this message. Should I deposit more ethereum to withdraw it? It's only 1000 GOODs. How much ethereum I need to deposit  to withdraw my GOODs?

Your wallet's ETH balance (0.000986404 ETH) is not enough to cover the gas cost (Ethereum network fee). EtherDelta sends 0.001 ETH with each transaction. This is an overestimate and the excess will get refunded to you. It's a good idea to send more than 0.001 so you can pay for not only this transaction, but also future transactions you do on EtherDelta. The gas has to come directly from your Wallet (EtherDelta has no physical way of paying gas from your deposited ETH).

Coinmarketcap.com now shows Goodomy with the right logo!

GOOD progress Kosmost, Slow and steady will win this race for us.

Cheers!

Hi kosmost,

Will you update the logo on https://twitter.com/GoodKarmaCoin as well or are you going to use a new twitter because of the namechange? Unfortunately goodomy is already taken.

Thanks for the question. It's on the to-do list, as Twitter isn't being used at this time. Once we get closer to launch then we'll focus more on building the presence on social media.

Services Launch: Nov. 2017. Can you be more detailed? please let me know
Your twitter does not work, what's the problem?

More details will be provided as it progresses. There are no additional details that need to be released now other than what has already been provided.

Right now I am not updating Twitter. If someone would like to help manage the social media please let me know and we can talk about it.

Greetings, all!

In the next couple of weeks I will unveil a project management system on the Goodomy website. This is so that everyone who are now or will be working on the product can be better-organized. There will also be a knowledgebase and ticketing system for the crypto world and general public, but this will come later.

There will be another neat feature for the project management system, which I think will be a first in crypto. (And also help us move along more quickly.)

To clarify, as we move forward:

Our cryptocurrency name: Goodomy

Our product name: Shopomy

The currency (GOOD) will power the consumer-facing product/service, Shopomy.

More will be revealed in the coming weeks. We are still on schedule, though I will be looking for an additional dev and also someone to manage both the project management system and social efforts/community outreach.

I'll also find someone to do the Shopomy website to make it exciting for the general public. If we get good feedback from it, I'll ask them to re-design the Goodomy site, also.

Stay tuned! Awesome things are in store, and it will be a wonderful 2018 for GOOD!

By the way... thanks for your patience!

Things should be moving much faster as November and December roll along. Updates will be more frequent as we have a system in place and I find someone to manage community and social.

Thanks, Dev, Really awesome update. Just bought half of million Goodomy coins.

Awesome.. Thanks a bunch!

I went to etherdelta to check my good karmas. Then there's nothing showed up. I panicked, then I remembered about the eth address and private keys. I imported the eth private keys and my karmas showed up. Does it mean I can store my goodomys on ethereum network forever or I need to withdraw them to other address before next development?

Hi.

If the tokens are in your possession (not Ether Delta) they should be fine for long-term storage. You can't really 'withdraw' tokens, though, only transfer them to another address.

Hope this answers your question :)

Hi, how do I know it's in my possession? But the address is created by etherdelta. I have address and private key. Looks like they are still on etherdelta.

If it's in the "Wallet" column in the top left it's in your personal wallet, if it's in the "EtherDelta" column it's still locked in the ED contract and you have to withdraw to your wallet.

My apologies for the delayed response. I know their platform can be quite confusing. EtherDelta doesn't hold any coins but creates a wallet on your behalf and provides you with sole access to the keys (supposedly).

Do you have Parity installed? See http://goodomy.com/how-to-put-good-in-your-wallet/

Thanks man now I see.  :)

Thanks Kosmost. I will try this method.  :)

Hi Kosmost !

been a while buddy. Expecting the frequent roll outof updates this coming month. One thing I am excited about is we are already on a nice exchange, With good news and development volume and price will definitly soar.

Alot of erc20 airdrops have been flying around, I dont know if this might be considered, atleast for awareness when the mvp is ready.

There will be a different kind of 'airdrop'.. but to the general public, not the world of crypto. Getting the token into everyday hands is what can make GOOD increase substantially in value and worth.

Greetings, all.

Over the next few weeks and into 2018 and beyond we will be seeing the growth of the Goodomy ecosystem via the token (GOOD) and the services (Shopomy).

Some may wonder why we there are two names. Allow me to explain a bit.

There will only be one cryptocurrency, Goodomy. Goodomy will serve as a platform for other services to operate on, starting with Shopomy. There may be other services beyond this, but Shopomy is more than enough to start with.

:GOOD = Ethereum token and platform for the Good economy (the 'goodomy'). Or, you can think of it like an operating system.

:Shopomy = consumer side of the equation. Or, you can think of it like an application that runs on the operating system. From the name itself, people can know immediately what it's about.

What is Shopomy about? Good question...

Shopomy is a way for consumers to buy stuff. Although on these pages and in the OP I've positioned Shopomy as a kind of consumer rewards program, it's probably not what you'd expect. In fact, I'm keeping certain core features secret until those features are released to the public.

Here's how we'll get things done around here.

• The majority of the work is being delegated to outside developers. Very few tasks will be here posted for volunteers.
• There will be no bounties. (The first Bitcoin transaction was to buy a pizza for 10,000 BTC. End of story.)
• I will cover some of the development and business costs, but I will also be asking the community to help cover them also via Community Distributed Invoices. These invoices will be issued publicly. Feel free to help out where you can. Partial payment (or full) is appreciated! Minimum of $1 via PayPal. Once invoices are paid they will be converted into tasks.
• For now, I will do my best to keep invoices to things that have a tangible result. I wouldn't feel right issuing an invoice for $5,000 for "development work" unless there was already something to show for it. For most of those things I will issue invoices after the work has been performed and there is something that can be seen and used.
• Although the Goodomy account on Ethereum holds tokens that can pay for expenses indirectly, this facility will not be used until GOOD substantially increases in value. Otherwise, most of the tokens will just be wasted. Again, I don't want to buy a $60 $70 million pizza with GOOD. I'm sure that guy wishes he had kept his Bitcoins!

As I mentioned before, Goodomy will be run like a business. Most cryptos are run like democracies where everyone has equal say. That doesn't work, unfortunately. Thinking of coins like a business helped me to come up with the idea for the first ICO. If you want to make money, think business. Democracies trying to increase economic value doesn't actually work to get things done in a meaningful way. That being said, most plans will be non-public. Like Microsoft or Google, the public can buy shares in those companies but they aren't privvy to what's going on behind closed doors, nor should they expect to know. Goodomy will maintain a competitive advantage this way. If you would prefer a more democratic way of doing things Goodomy isn't for you. There are tons of other tokens out there who are more than willing to give away their secrets and their code to everyone.

All input is considered and suggestions are appreciated. That being said, please do not expect Goodomy to follow other coins or tokens with whiz-bang features or whatever. Although we will innovate and make strides to lead in the industry we will also do what is proven to work in business as a whole.

One more important thing to note... Our focus will be consumers, not crypto. Our market will be regular consumers and SMEs so that's where our focus will be. We will not waste time trying to please the crypto community. We will devote most of our time to giving consumers what they need and want, which will please the crypto community automatically as the value of GOOD increases. That's where the crypto goldmine actually is, but few cryptos really understand.

Thanks for joining the ride!

I've created the first distributed invoice in the new system that Goodomy will use for tasks and time tracking for developers. When there is a new invoice the status of all recent invoices will be noted as follows:

https://i.imgur.com/nSJoBI8.gif

Essential

1)
2)
3)

Non-essential

1) For "Shopomy" logo design contest at 99designs [help with $1.00-$299] (https://goodomy.avaza.com/invoice/webview/103091?key=ductoicohiarspgofcns) *NEW*

https://i.imgur.com/Cm4xmWP.gif

1)
2)
3)
----
Feel free to help out with anything from $1.00 to the full invoice amount. Anything would be appreciated!

We're just getting started on Goodomy's innovations and market leadership in crypto. The best is yet to come! I've spent the last few months working on what I think is a truly amazing business and economic model for Goodomy (and also working on the patent for it). I'm truly excited to get this released in the coming months.

"We're making history, boys." Here's a running list of innovations and 'firsts'. We've got some great things in store on the Goodomy side. You will see 'kosmost unchained'.

Goodomy Innovations

• The Indefinite Coin Repurchase (https://bitcointalk.org/index.php?topic=1969334.msg20288231#msg20288231), or ICRs (July 21, 2017)
• Community Distributed Invoices (https://bitcointalk.org/index.php?topic=1969334.msg23854315#msg23854315), or CDIs (November 1, 2017)

Innovations by the founder of Goodomy, via Karmacoin*

• World's first ICO (https://cointelegraph.com/news/karmacoin_becomes_first_cryptocurrency_to_issue_shares) ("proof-of-coin" and "IPOCOs", April 2014)
• first coin to be revived (March 2014)
• among the first coins to successfully switch algorithms (June 2014)
• among the first coins to rebrand itself
• the first to provide detailed project plans (https://www.reddit.com/r/Karmacoin/comments/1zxrrc/karmacoin_project_plan_phase_2_march_9may_24_2014/?st=j4lgfixs&sh=a7beca83)
• the first to provide a schedule (https://www.reddit.com/r/karmacoinme/comments/21nzvp/schedule_previews_releases_announcements_and_news/?st=j4lg6u17&sh=5e543763) to the community
• first to allow the community to vote on matters
• first to incorporate and run as a business
• one of the very first cryptocurrencies to issue press releases
• among the first to apply for a trademark
• first to offer a contact number on its website
• first to hold a conference call with coin-holders

*Most of this was back when there were only about 100-200 coins around, not the 1,000-2,000 coins and tokens there are today. I personally checked each at least once (at the time) to see what they were up to, so the list is quite accurate.

Gonna have some more time tomorrow to go through it more thoroughly, but that already sounds pretty cool and reasoned at first glance.

I was impressed when knew about this project! It seems to be very successful and wish you good luck!

Really nice update. Great project. Good luck.

Thanks, everyone. Lots of great things in store!

For those curious what's going on with Ethereum lately (regarding the recent bug) the answer is ... nothing.

The bug has to do with Parity multi-sig wallets created after July 20, 2017. More info here (https://paritytech.io/blog/security-alert.html).

If you have Parity installed, you probably haven't created a "multi-sig" wallet. In fact, I'm using Parity now and have never actually created a wallet. I have only "accounts" from which I can send/receive ETH and tokens. Multi-sig wallets are primarily used by those who want more than 1 person to be able to access and use funds securely.

There is a "victims list (https://github.com/barrywhitehat1/Parity2VictimList/blob/master/gistfile1.txt)" of wallets that are affected, in case you're curious.

Ethereum itself is not affected.

Some fun facts about Ethereum today:

• Ethereum has processed 50% more transactions than BTC in the past 24 hours
• Ethereum currently has 17 pending transactions (Bitcoin has 45,000)
• You need only $0.006 to move $10 worth of Ether (the same transaction will cost about $1.50-$2.00 with Bitcoin)
• It would take about 5-20 seconds to transfer Ether. Bitcoin transactions take anywhere from 10 minutes to about 24 hours

Yes, Bitcoin has made significant gains over the past few weeks and a lot of people are excited for that. However, in the past 12 months to today, Ethereum has gained 3,100% whereas Bitcoin has gained 1,046%

(Actually, it was just announced that Bitcoin's planned fork isn't going to happen. The BTC price might fall a bit within the next few days.)

I'm very excited for what's in store for Goodomy over the coming months. It might actually be revolutionary (from a cryptocurrency industry perspective).

I just tried sending $30 worth of Bitcoin.

Fees: $4.00 (!)

Project Update

We're on schedule to have the first beta for the app ready at the end of the month (+2 weeks)

Keep in mind that this is "developer time" so I always double the ETA for good measure.

First phase <-we are here
Basic functionality (splash, login, view, list, post, settings), UI, testing [Android only]

Second phase +8-12 weeks
Extended functionality: (marketplace)
Android + iOS

Third phase +4-6 weeks
Bells and whistles (GPS and other functionality), added security

In phase 2, you'll see the "magic" that could allow each GOOD to increase to $0.75-1.00 or more in value.

In my opinion, it is 3x better than any ICO, can raise far more funds for development, and is a perpetual value machine. People will wonder why they didn't think of it first ;)

More to come...

Thanks for the update. Are we planning any sort of press release to bring awareness in the crypto world about Good coin?

Press releases aren't cost-effective, I think. Aside from that the focus will be serving consumer needs rather than the  crypto community. Everyday people and businesses will be what drives value for GOOD and its economy, and that should be reflected in the value of the token on the exchanges.

Hi! Global loyal program - very interesting project. But as for me, blockchain technology is not very crucial to this idea, and you do not want to promote the project through crypto-community, so why have you decided to embody your idea through cryptocurrency?

It is essential for this project to use cryptocurrency, as will be seen. It is not a loyalty program in the usual sense, but something different.

The primary focus will be consumers. The consumer market is billions of people. It doesn't mean that other types of users will be ignored. We're just going after and focusing on the largest slice of the pie. :)

Regarding the GOOD approach to cryptocurrency, a currency must be used in order to become useful. The more it is used the more value it has.

There are many crypto coins and tokens on the market that have no inherent value. They are generally marketed to other crypto enthusiasts on these and similar forums in order to raise the price. At least fiat is based on faith in the government that issues it. When it comes to digital currency, the crypto "governments" are mostly anonymous. Then the crypto community doesn't need to have faith in me or whoever is running GOOD. They only need to have faith in actual numbers that can be verified (and clear evidence) when we show that everyday people are actually using it for transactions.

So how is GOOD different that most others?

Simply put, we seek to be an actual currency that everyone can use rather than just a small population. The largest crypto, Bitcoin, is worth billions yet when was the last time someone went out and used it?

As crypto billionaire Roger Ver states, "Bitcoin needs to be used in commerce in order for it to be store of value. It has to be both of these things or neither."

Who really uses Bitcoin in commercial or retail transactions? Very few, considering how much of an opportunity it has had to evolve over the  years.

With GOOD we need to set our sights on the biggest opportunity in crypto; the consumer market. I'm not doing this for anything less.

But it doesn't mean that GOOD will just be a digital currency that you store in an e-wallet. That has been done before, and it probably won't work to do it that way.

We are doing something different with GOOD. And it may very well change how people think of cryptocurrencies.

And let's not forget, the original purpose of Bitcoin was a digital currency.

However, the fact that Bitcoin has increased in value so significantly over the past several years means that most of the crypto world has forgotten its original purpose: to be used as a means of exchange (for goods and services). That is evidenced in the fact that if you want to purchase a newpaper or coffee, you may actually end up paying more in fees than the item itself costs. And you may also not have your transaction verified until up to 2 days later.

After the banks and insurance companies took over Bitcoin core, it ceased being built for its original purpose.

To put it another way:

Bitcoin and most altcoins: primarily as a store of value (e.g., "I might be able to make a 4,000% return if I buy DDY now and hodl") For me, this is just a way of holding "cash" that is difficult to spend and use.

GOOD and a few others: primarily as a means of exchange (e.g., "You can use this to buy that")

What people forget it that the more a coin/token is used in commercial transactions the more value it will have. So a coin that is used as a means of exchange will increase in value, perhaps more than the one used as mostly a store of value.

To put it yet another way:

Store of value: focus on the crypto community, pumps, scams, bag hodlers, and generally lots of drama. Consumers are usually forgotten about.

Means of exchange: focus on consumers. The crypto world comes after.

The idea with GOOD is to put it into as many hands of everyday consumers as possible. This is a multi-billion dollar opportunity, not just 8 or 9 figures in equivalent value.

In case it's not obviously now, the "green" angle of GOOD is not entirely accurate. We will be going after the ENTIRE consumer market, not just a small segment of it. This has been good enough for the past few months as we work on the concept and execution, but as we approach beta release it will be a bit more obvious that it isn't just something for 'green' products and services, but for anything and everything that can be bought.

The Goodomy website would therefore read more like this:

Goodomy (formerly Good Karma) is a digital currency for consumer rewards. When you buy socially and environmentally-conscious products and services, you can be rewarded with Goodomy ("GOOD"). You will also be able to reward your friends on Facebook, Twitter, Instagram, videos you like on YouTube, your favorite blogs, and much more, as a kind of 'like' with real-world economic value.

Enterprise clients in the Ethereum Alliance such as Toyota, Microsoft, JP Morgan and others can use Goodomy to automatically reward their customers with Goodomy when they purchase a hybrid car, buy 'green bonds', move business applications to the cloud to reduce energy usage, and much more.

[note: yes, but this is only a small part of what Goodomy will be able to do]

The 'green' industry is one of the fast-growing segments of the broader economy. Organic products in the US alone are now available in nearly 20,000 natural food stores and nearly 3 out of 4 conventional grocery stores, comprising a $45 billion dollar market that is growing bigger every year. Imagine a consumer being rewarded with Goodomy when they choose organic oranges over regular oranges. Not only does this help to offset the usually more expensive organic choice in the consumer's mind, they will have an experience that can be shared with others.

Goodomy can be used as an incentive for customers in just about any industry. Companies may also choose to reward their employees with Goodomy for their achievements and performance. The possibilities are limitless.
And, all across the web, hundreds of millions of people are doing things for each other every day. Perhaps someone replied with a helpful comment or uploaded a photo that made them smile, or maybe the saw a video that really helped them on YouTube. Now they can give back to anyone on just about any kind of website in a more meaningful way than just a 'like' – they can reward them with Goodomy at the touch of a button via an easy-to-use browser add-on.

[note: the latter is a trivial consideration. Any kind of person-to-person exchange would be possible.]

There will be more info as we approach lift-off.

Hi. The total coin supply is actually quite low for what we're going to do. This will become much more obvious as the services are begun. This will be kind of like IOTA and their 2,779,530,283,000,000 tokens. High, yes, but completely necessary for what they are doing. (But that will come later in 2018 and it will be explained as we go along.)

However, the price of the coin is irrelevant by itself. What we can look at is the relative price in comparison to the coins each is being exchanged for.

Goodomy will represent an entire economy, not just a meaningless token running on Ethereum. But again, you'll see more of what I'm talking about once people start using the Shopomy app. Until then, none of this makes any real sense.

I'm happy to announce that we will be releasing the first public beta within a week or so. As mentioned before, this beta will not have a few integral features just yet but will show how we will begin to approach the market that we're going after. It will be downloadable as an APK from the website and will have basic features such as account login, registration, product listings, and more.

Once phase 2 is completed it will be available on Google Play and (likely) on the iTunes store. I am anticipating phase 2 completion by late January or early February (due to holidays).

If anyone is interested, I can put up some screens tomorrow to give you an idea of how it will look.These will be older screens without the latest features and design changes.

Thanks for your patience!

(Also: The next few days is probably the absolute last chance to pick up extremely cheap tokens. Now that everyone has had enough time to pick up cheap tokens over the past few months while I've been working on designs, patents, etc., we aren't just going to the moon... we're off to interstellar space! I really hope members of the Karmacoin community have picked up their tokens, as they're the reason I started this project and have been offering everyone very, very cheap coins for the past few months. But that time is over and now we are ready for lift-off. Like I said, my goal with Goodomy is to beat Bitcoin's returns and of course make a great product for the average consumer while providing awesome value to token holders. We are definitely on our way!)

Please note that once the app is released onto Google Play and we hit $40-60 million market cap equivalent (by total token supply) Goodomy will offer approximately 8-10M tokens from its account to the market in order to cover development costs, hire staff (part-time accountant, full-time developer, 1-2 marketing and community staff, etc), cover consulting costs (economist, business strategy, legal) and repay loans (cost of development that I am currently covering).

Further, additional coins will be released to the market in a schedule that is commensurate with the rise in market capitalization. We will also likely perform our first ICR (https://bitcointalk.org/index.php?topic=1969334.msg20288231#msg20288231) in July-September 2018. Although I've detailed the ICR somewhat, this is just a general description for other tokens to use. Goodomy will use this strategy in a somewhat different way in order to substantially increase token price during 2018 and beyond. I'll provide more information as we approach the ICR. We don't want to give away all of our secrets just yet, do we? :)

It is interesting to note that at the time that I came up with the idea for the first "ICO" in cryptocurrency history, not many could see the value of it. (Of course, it was not called ICO at the time. I called it POC (proof-of-coin, to secure the coin's economy) and IPOCO (Initial Public Offerings for COins).

As an example, here's a post I made (http://archive.is/abv5w) to the Reddcoin community about how awesome it had been working for us, describing how Reddcoin (struggling like Karmacoin previous to the ICO) could benefit from the same measures.

Here is the top comment, quite prescient I think when we consider the possibilities of ICOs today to build the future.

In the year 2014, the cryptocurrencies began to evolve. In order to reinforce their economy, they created support systems, taking the first steps toward becoming true DACs. Little did humanity know, but that was the beginning of a revolution that would change their position in the hierarchy of the world...

Here is me proposing the idea (https://www.reddit.com/r/Karmacoin/comments/22mid6/should_karmacoin_incorporate_and_issue_shares_to/?st=jalzllrl&sh=2b499f38), and a pre-announcement (https://www.reddit.com/r/Karmacoin/comments/235nia/pos_annoucenment_coming_this_week/?st=jalzlr72&sh=683a79ad) of the world's first ICO.

The reason I didn't want to do an ICO for Goodomy is because I've been thinking pretty deeply about ICOs probably longer than anyone else and realize that, while ICOs have many benefits, it will be the ICR (and its derivatives) that will truly be spectacular.

This isn't so much to toot my own horn about creating a multi-billion dollar market but to let you know that ICOs are peanuts compared to what's possible in future with ICRs. And Goodomy will be the first to implement them (in our own unique way, of course, that I'm sure other tokens will follow).

To interstellar space!

Cool, interesting stuff! I am interested to see the screeenshots, i held some karma back in the day. What is an APK?

It's a file type to install the app on Android. I'll see if I can find an online service to verify the file so that people know it's safe.

Porting to iOS will happen with the public release (provided that Apple will allow this type of app)

Thanks!

Not much activity here, just wanna say that we're watching the progress and thanks for the updates. Actually kind of happy this thread isn't spammed like others :)

Thanks, we're just getting started :)

Here is what the app (beta 1) will look like in Android [images in the next 2 posts]

Functionality that should be completed/tested within the next week or so includes what you see here, and a little more:

• Login
• Forgot password
• Signup
• Complete profile
• Main Screen, with "Things", "People", and "Post" functions
• View product detail
• View all of your posts
• Post something that you found in a store
• Post something from your store
• Add a photo or a video to your listing, and other metadata
• Select categories of interest
• Search
• Sort results
• View/edit settings
• View/edit profile
• Change your password

The above is basic functionality for the app and will constitute phase 1 of development. Phase 2 is where it gets interesting. (Anticipated to be completed by Jan/Feb 2018)

I'll explain more about what the app will help users do when we have something from phase 2.

Where do GOOD come in?
Keep going, loving it so far!

Phase 2 :)

But it won't be just GOOD. Something much more than that.

Thanks for the feedback!

And I assume you're not going to spoil it?  ;D

The three main visible areas are as follows:

"Things" - Product listings from stores

"People" - Product listings from people

"Post" - Post new listings

In phase 2 we'll add a link to your Goodomy account. It'll probably look something like this:

https://i.imgur.com/McKsTF4.jpg

That's right. You've got it!  :)

Oh well, too bad. Guess we'll have to wait then  ;)
I'll let you get back to stuff now, see you in interstellar space!

Thanks. I think it'll be well worth the wait. We'll see :)

I am also loading my Eidoo wallet with Good. Planning to buy half of million again

IF YOU DON'T KNOW, YOU CAN STORE YOUR TOKEN IN EIDOO WALLET. GOOD IS ERC20 TOKEN AND EIDOO SUPPORT ALL THE ERC20 TOKENS

https://play.google.com/store/apps/details?id=io.eidoo.wallet.prodnet&hl=en

Yeah, and the company is pretty solid I think. I'll make a set of instructions for those that prefer to keep tokens that way (which might be most of us).

Thanks for letting us know about it!

It is probably a good idea to focus on 'launching' in a specific city at first. We'll need both users and listings from shops at the same time. so it's best if users logging in see as many listings as possible.

Suggestions?

More important than choosing a city where one of us can manage it, we can:

1) make the app easy to use for both buyers and sellers <--- very important, and being worked on

2) choose a city where such an app might catch on quickly (e.g., a global city like London or New York, or even San Francisco)

3) choose a city with an underserved market that might appreciate local mobile listings

We could also do two different kinds of cities in different countries, like a split test. This way, we can see how users around the world might use it differently (or in unexpected ways)

Fun fact... Goodomy has only 6 decimal places (less than most coins or tokens). If we compared total units to Bitcoin (21 trillion satoshis) then Bitcoin has about 200% more units than Goodomy.

BTC   = 2,100,000,000,000,000 units (2.1 quadrillion)

GOOD=    888,000,000,000,000 (888 trillion)

Most people think in whole units, of course. (We don't say that Bitcoin is now at $0.0.0001 per satoshi.) But I could only guess at the percentage of the general population turned off to Bitcoin because it is "$10,000 for 1 coin". But of course the price per coin is irrelevant, since most trades aren't whole numbers.

That is to say, would the average Joe be far more wiling to use Bitcoin to buy a cup of coffee if each Bitcoin was worth $0.05? We'll never know, I suppose.

I think a coin for the general public should be around $0.50-$5 each, if thinking in terms of USD.

One of the goals of the Goodomy ecosystem is to make our blockchain accessible and easy to use for the average person. This has the benefit of substantially increasing its overall value. It's good that most coin/tokens today don't see the value of this and are so obsessed with technology that they forget the basic rule of business: give people what they want, and find more people to give it to.

I see exponential growth for a blockchain network in these 2 dimensions: scale and magnitude.

With scale, we need more people using our blockchain. Bitcoin is over $10,000 now, but people aren't really using Bitcoin that much. In fact, its accepted in less places today than it was a few years ago. Remember Bitcoin ATMs? Stores and cafes accepting Bitcoin? Yeah.. they're disappearing. But no one is noticing that the ecosystem is not only not growing, but is dying. It is, instead, becoming an instrument for big banks and derivatives. I come across so many cryptocurrency websites that say they are a digital currency but do not actually explain things or show how it works for their market demographic. Why not make it plain and simple so more people can use it? Does it really need to be that complicated? Scale only happens when something is easy to use.

With magnitude, we need the average person to use it more often. This doesn't mean just buying it and holding onto it, but seeing it as an extension of their wallet or purse. This also means that it should be dead-simple to use. The average person does not care about the technology behind it. They only want to know two things: 1) what can they do with it; and 2) who do they know that's using it? Magnitude is a social dimension. People want to use products and services in a way that helps to define their place in society.

When we have both scale and magnitude, exponential growth becomes far more possible. When we leverage blockchain technology to build an environment for organic social experiences while making it easy to participate in those experiences, then we have something truly special. Then people will want to use Goodomy over others because it will be easy to use and have social benefits. The more you use Goodomy, the better your social life will be. (That's why the iPhone became so popular. It was both easy to use and a social experience.)

I had some experience working at a very large ad company for some of the largest consumer companies in the world. Our group handled Marlboro, Kellogg's, Proctor and Gamble, and a few others. I say this to tell you that NOT A SINGLE COIN is giving the general public what they really want. This isn't rocket science. How many thousands of year old is barter and trade? How old is money? The cryptocurrency space should have this figured out by now.

Also, the biggest issue with trying to make blockchains decentralized is that it's hard to counter the human need for authority. We naturally want to control things, I think, and this is happening to cryptocurrencies.

A truly decentralized blockchain would not have a high barrier to entry, such as being able to purchase expensive mining equipment (PoW) or holding lots of coins (PoS). The only good barriers to entry are the lowest ones possible, such as the ability to participate in social experiences. The more people that are able to do something the more decentralized it will be. When we choose common abilities like "the ability to walk" for example then almost anyone and everyone can be an equal authority. For Bitcoin, it's the ability to purchase expensive computers and wait a year or more to receive them, learn how it works, etc. This isn't what "decentralization" is but what elitism is.

A truly decentralized blockchain would also need to be democratic, and that can't happen when transactions aren't FREE. If you need to pay in order to use the system then you're only drifting up to elitism. Authorities still need to be there, but only to make sure that the right incentives are in place for self-organization, not to tell participants how it should be organized (as in the case of coin or token "foundations", core developers, etc).

The future is in free platforms, not ones where you have to pay for every transaction. We'll start this by having most transactions on our own network, then sidechain, then transitioning to one of the free platforms being developed now. We'll talk more about this in a year or so.

I updated the "put some Good in your wallet (http://goodomy.com/how-to-put-good-in-your-wallet/)" page to simplify it, per the new Eidoo app for Ethereum tokens.

it's quite simple. In near future they plan to have an exchange, right in the app. More info on their website (http://eidoo.io).

(Thanks to Kali_Kush for the tip!)

Hi. Yes, when we have more volume on our current exchange. Should be in January or so. Right now it is likely premature, and exchanges take a long time to respond. When we are a bit bigger, they will be sending us emails instead. Then once we're listed on those other exchanges we'll get more volume from those, too.

what are REMI and FITE?

My apologies for being vague, but REMI is the core process behind Shopomy that will have a direct benefit on Goodomy, while FITE is REMI's core component. (If REMI is a wheel, FITE is the spoke.) Although I can't give much detail at this time (until we hit phase 2 in the first quarter of next year) I will say that any first-mover in this space might very well become the number one cryptocurrency within a few years. It's a $30+ trillion USD market, and a first-mover advantage helps tremendously.

I think of Goodomy like IBM when Watson was hired. He re-focused the company (then known as CTR) on sales and customer service. Like Goodomy, he stressed the importance of the customer rather than putting the technology first and foremost. Your customers will tell you what technology to develop, rather than you telling your customers what they should want (the current state of cryptocurrency). Our "international business machines" will, instead, reside in the blockchain, in REMI.

IBM dominated the industry for decades with this methodology.

The mix of REMI plus ICR+ events* will allow us to dominate an entirely new industry, far bigger than the ICO industry. ICOs are cool, but flawed. ICRs are the next generation. Both ICOs and ICRs are merely events for an overarching process, not processes themselves. But of course people won't really understand ICRs for a while, just like when I introduced the ICO to the world a few years ago. They'll need to see the benefits, and Goodomy will be the first to benefit. They both breathe life into process that can be seen as organic, but do you want the organism to breathe once (like an ICO) or breathe continuously (like an ICR)?

Also, it is important to stress that we are going after one of the largest markets in the entire world: the local consumer market. We're also doing it in a dead-simple way that doesn't require PhDs or lots of capital. It is an idea that may very well change how people shop. This is something that fashionistas in New York and mothers in Nairobi will both want to make good use of. It is something that pretty much anyone who buys something will want to use. And it's a $30,000,000,000,000-dollar market, a pre-existing market that is 100x bigger than cryptocurrency.

Cryptocurrency will definitely be worth trillions as an industry, and the consumer market will be one of those factors in making it happen. If we lead the consumer market for crypto, we'll probably be in the top 5.

We've only just begun!

*ICRs are like ICOs on steroids. It would be like a token having multiple ICOs. Our methodology will also solve the chicken-and-egg problem and 'pre-populate' the network with active participants (a benefit of ICOs). But we will actually do something I call ICR+. The "+" is important for Goodomy and will really propel Goodomy to interstellar space, I think.

Another consideration is the possibility of a swap to a new token contract, a Goodomy ERC20 contract.

The old one (Good Karma) needs to be updated with its name and other metadata and also may need some security updates. It should probably be audited again (even though it's a standard ERC20 contract with very minor changes). We'll also upgrade from the ERC20 contract type to the improved ERC223 standard.

Doing this will be much easier when it's trading on a single exchange. (A single exchange also helps to tighten spreads for smaller coins.) We may also have a way of sending the old tokens to an ETH address and automatically receiving the new tokens back (instead of doing it manually, as was done previously).

January might be a good time to start this, before volume increases substantially.

For those of us who don't realize this, it's a good idea to keep some holdings in altcoins whose main market is the coin you want to hold.

For example, if you want to hold Bitcoin because you think it will increase you can then hold another coin that is priced in Bitcoin, that you think will also increase.

Let's say you have 1 Bitcoin and it goes from $10,000 to $15,000 USD equivalent. You're up 150% (after selling, of course)

But if you use that 1 Bitcoin to purchase XYZ and XYZ goes from 100 satoshis to 1000 satoshis, you can then sell XYZ for Bitcoin and be up 1,500%. So that same $10,000 is now $150,000.

Or, if Bitcoin stays at $10,000 but your altcoin moves up 150%, it's the same as you only holding Bitcoin and it going up to $15,000.

Altcoins are not only good hedges but can be profit multipliers.

It also works the same way going down, of course, but there is at least a floor. (Please note that cryptocurrency should not be considered investment. This post is only informational and does not constitute any financial or economic advice.)

I should clarify that a single exchange is better because then we would just need to coordinate with one exchange to handle the swap to make sure everything runs smoothly.

So, the coins on the exchange would be swapped for the new ones automatically.

But I'm also talking with someone regarding porting it to our own system, rather than having it on a platform like Ethereum. Perhaps something like a tangle (rather than a blockchain).I'm thinking of XRB or IOTA's methods that allow for fast and free transfers.

Hi. Please refer to the November 14 post (https://bitcointalk.org/index.php?topic=1969334.msg24569148#msg24569148). The relevant parts are as follows:


also note, from October 15.


Yes, we have been on schedule but have not continued to be on schedule during the last stages of development, testing, etc. That's why I posted the project update and screens at the end of November. As a 'schedule Nazi', I'm very conscious of schedules and when things are due. But not everything is in my hands at this point.

In June, services were planned to be launched in November. It is now December and a working app is close at hand. I posted screenshots of the app a few days ago, because I realize it is somewhat behind my original estimate.

However, there are two things that I offer for consideration:

The first is "developer time". Software development is rarely on schedule, but we've been making excellent progress. More than half of the work has been in strategy, economics, and developing the mechanics behind the system. The app developers have the easy part. But, as noted it is good to double any development estimate. That's just how the process works. So now I am anticipating mid-December.

The second is where you come in. If you'd like to volunteer your resources (either for helping to manage the community, setting up other channels, etc) or help cover the costs (which I'm paying for out of my own pocket for now) it will move along much faster.

But for now, I think it's better to show you something usable first. That's why I didn't want to do an ICO with this project. If Goodomy raised $20M in an ICO, of course, we'd be able to hire all the people we needed. But it's not necessary to do that when something much better is in the works (the ICR+)

Understand, though, that this is not a regular mobile application. I hate to use the word 'revolutionary' but that's what it seems to be. Some pretty amazing things have happened over the past few months and we will be seeing much more of that in phase 2.

First, we will get a working app for phase 1. Your patience is appreciated.

I will continue to keep you updated as to how the project is progressing.

Hope this addresses your concerns. Please let me know if you have any other suggestions to help make this project a success.

Eidoo, per this page https://erc20-tokens.eidoo.io/

Nothing on MyEtherWallet yet, as far as I can tell. It's a new standard that most Ethereum tokens have not yet adopted.

But from what I can tell, ERC20 contracts should be backwards-compatible.

Please note that I will be deleting old Karma-related posts over the next few weeks to avoid confusion on the first couple of pages of this thread (as we are now Goodomy)

Thanks for your understanding!

This is very interesting, as I thought about mentioning it here.I was actually going to suggest EOS. Moving to the IOTA tangle or EOS platforms should be an alternative depending on which favours the good economy more. With that said a token swap would be great, but as far as marketing is concerned it would be great to combine the token swap with release of the mvp and a possible site revamp, and new listing on coinmarketcap, all these activites seperatly increase publicity, but together would cause an explosion.
Great to have read and caught up with whatsbeen happening. Its funny how I had a lot to read after being away for just a week.

great work Kosmost. Anytime I think about good, I think about the immense potential it has to reach $1 per token. I believe this will be the case in 2018.
I'll continue to follow and contribute as much as I can.

Thanks for the detailed and quick response, so REMI will be the core process behind Shopomy the app but will have a direct benefit to goodomy. So will it be something that users and customers actually use or is it like a model that can determine market trends in a local setting to help the app reach it's target market?

I understand if you can't say much else on the topic, I am just trying to better understand the aim of Goodomy.

Also what about social media? I cant find any links. Thanks

Has the currency been circulated either?

Yes. We're working to get that out before the holidays. However, It won't be up on the Google Play Store just yet because the ability to use GOOD (and REMI and FITE features) will be in version 2. Instead, it will be available from the Goodomy website directly.

v2 will be available from the Play store, with an iOS version to follow soon after (provided that Apple approves it).

The consumer-facing Shopomy website will also be ready by v2 launch.

Yes, EOS will should be ready by June and I'm keeping a close eye on it. XRB (RaiBlocks) is more developed than IOTA and their technology seems to be superior, and I've been looking at those two, as well. Any platform with FREE transactions is a must. If all goes well with EOS we will port to that, or something better.

While Ethereum would be a step up from a Bitcoin fork for its smart contract capabilities, it's not the ultimate solution for our ecosystem. We need things to be dead-simple if the masses are going to adopt it. Complex wallets and solutions might be alright for the crypto community, but the average person won't understand it. An actual consumer product is the way to go and will bring tremendous value to Goodomy. They don't care about the blockchain, just like the average Windows user doesn't care about how Windows works.

• Goodomy (cryptocurrency itself and info on the cryptocurrency) - site launch before product launch
• Shopomy (app for consumers and businesses) - site launch before product launch
• new listing on coinmarketcap - there is typically a 1-3 week delay in their updates, so this will need to be done a bit prior, I think

A marketing push should probably happen for the phase 2 launch, as it is that which would ride momentum best. The phase 1 product is okay, but it isn't game changing. It's not much different than any other app, but provides us with a framework of development (and a deliverable for the community). Phase 2 is where it's at.

The token swap might prove tiresome if we switch platforms later in 2018. But we'll definitely need to swap to an updated ERC223 token either before or soon after product launch. Two swaps in one year? Possibly, but we'll try to make it as easy as possible.

(EOS provides more flexibility and we wouldn't need to perform a swap every time we made a small change to the contract. It's one of the limitations of Ethereum.)

Thanks for your support!

Goodomy will be the fuel for Shopomy. If someone wants to perform actions on Shopomy they have to use GOOD. (Why anyone would want to participate will become more clear in phase 2.)

I tend to think of Goodomy like the USD and Shopomy like a central bank that pulls its strings. Except in this case the Federal Reserve is completely run by the general public and it's called 'Shopomy'. Seeing how elitist most of the large blockchains have become with small actors unable to provide any influence, this is the setup that made the most sense for me. It puts control of the blockchain back into the hands of everyday people, where it belongs.

Imagine a world where people could control the government not by going to law school or studying political science and becoming a politician but by their ability to eat. (Sounds crazy, doesn't it? But we'll need radical solutions for a radical concept like decentralization of the monetary system.) Everyone eats, so power can be distributed far more equally than if the ability to influence was much more difficult. Some people will eat more than others, of course, and that's fine since there is a natural limit to how much someone can eat. But with Shopomy the more you 'eat' the more it benefits everyone.

How best to distribute power more evenly? Realize that blockchains are economic mechanisms that have social actions at their core. Bitcoin is one such implementation of this, but not a good one. It allows people to with wealth or resources to exercise more control over the system that everyone else. I doubt that this is how Satoshi imagined it.

Making a purchase is a simple act, a common denominator that unites us all. It doesn't mean going to Prada or WalMart. It could be buying gas or food or paying a kid to mow your lawn. Nearly everyone makes some kind of purchase at some point in the day or week, no matter how poor or rich they are. Power by simple social activities could be the best way to true decentralization, at least as far as blockchains are concerned.

When we implement this concept in a way that allows for many more participants it becomes far more valuable, and more decentralized as well.

Shopomy will also make it easy for anyone to get GOOD, which indirectly increases demand. There will also be Goodomy 'faucets' on Shopomy where people can earn free GOOD by performing certain actions. But the core process (REMI) is a different way of thinking about blockchains. Bitcoin runs via computational processes, Shopomy will run via REMI and other siimilar processes.

For our social media efforts, the focus right now is on getting the product out so people begin to use it first and see how it benefits them. Our market is the general public (who have mobile phones and are interested in shopping locally) rather than the cryptocurrency community. We could hype it and tell them how it would be like in future but the average person doesn't care about this. They want to actually see it and use it now. However, if there are any volunteers for social media efforts please let us know what experience you have with it and what you'd like to bring to the table for the Goodomy ecosystem. (But again, it is hard for people to know what they can contribute without knowing how to effectively communicate the benefits of the product.)

The ultimate idea for Shopomy is for people around the world to use it for both shopping and banking, having both in one product. I imagine consumers in the 'First World' using it to buy and sell stuff, but I also imagine Third World users using it not only for buying/selling but also using it to hold the value of their earnings. A steady appreciation of Goodomy-rather than wild market swings-is probably best for this.

Shopomy is designed to be the anchor for Goodomy for this steady appreciation of value. A move from $0.01 to $0.02 for each GOOD would not surprise me, however. Considering the mechanisms in place that is how it is supposed to work. (But a move back down to $0.01 would be quite difficult, considering how the economy will function.)

(Once Shopomy's economy is running smoothly other services may be developed that also utilize Goodomy to transfer value. But for now I'm mostly thinking about Shopomy.)

Hope this helps to explain it some more (even if still vague somewhat).

Yes. About half of the total supply is in circulation. Approximately 20-30% of the remaining half will be used for the Shopomy 'faucet', while the rest will be made available for operations, marketing, and other expenses.

Looks like an interesting project. A couple questions-

- Is this project/platform being managed and developed currently by a team of developers or is this just a solo project from one person "kosmost?"

- Just some unsolicited constructive criticism.  Is this "Goodomy" brand name going forward? I just had an issue with it showing it to a friend and they were confused with the name, the spelling, the difference between goodomy/shopomy etc.  I can see this being a potential problem going forward. I have a marketing background so I'm not just blowing smoke here. -  Please review some brand books or consult with a Brand Development Specialist before going all in on this. The last thing you want are the masses stumbling over the name.  Her final thoughts on it were "Those are horrible names."  Her words not mine, but I don't like the names either from a brand point of view. What about dropping the "omy" and just keeping it GOOD like the ticker?

- There were mentions in this thread of jumping off ethereum to a different block-chain in the future, is this now part of the plan moving forward with GOOD?

I like the name.

Welcome, and thanks for your questions.


Management and Funding

The project was created and designed by me, but I lent money to Goodomy to pay for competent app developers. (This was lent in cash, to be repaid in cash plus nominal interest.)

Once phase 2 is launched and we have additional capital, then we'll look at getting some full-time help on board.

The Coin Before the Storm

The idea is to show you a working product first, then shift to high gear from there. Consider this like an ICO period, where you can pick up cheap tokens before we go live.


Branding

No worries. It's good we both have marketing backgrounds. I worked for a very large advertising firm that had Wendy's, Marlboro, Proctor and Gamble, and Kellogg's as clients in our group, and also Unilever, so have been thinking about consumer-facing products and branding for a while, especially for cryptocurrency. I also worked in financial public relations for EMC and Starwood (reporting directly to the boards of those corporations, and a few other big ones), so also have an idea of what the institutional investors might want in future. (However, the Shopomy ecosystem would be a hedge against corporate control, like what is happening now with Bitcoin.)

"Good" isn't brandable, I think. It's only useful as a ticker symbol. Imagine someone going to Google and searching for that. There are millions of websites with "Good" in their names and pages and the reason why generic names are usually avoided.

There's only one "Goodomy" however, and we show up in all 10 of the first 10 results on Google. It's also a play on words: "Good-of-me". But my original thinking was that every human being wants 'good' in their lives, and it's a neutral concept that most people can agree with, I think. It also stands for "the GOOD econOMY".

The core concept is essentially this: "You can be a good person by using Goodomy" with utility for nearly every archetype (explorer, caregiver, creator, outlaw, etc) all focused on their own interpretation of what it means to be "good". So the name represent different things to different people. For some, it will be an opportunity. For others, a way to find out what happening locally. Some may even wonder how they ever went shopping without it. And some may think it's stupid.

There will always be people who dislike the name, just as there will always people who dislike the most popular and profitable YouTube videos. But as far as branding goes, more people care about the product's utility and relationship with their everyday lives. People laughed at the name "ipod" when it was first announced, for nearly a year in the media. Now Apple has an entire line of i-products and people think far more about how to use them.

Our users will decide whether or not the name is good, I think. Just as people did with 'Google' or 'Yahoo' or even 'Unilever' and 'Marlboro', and hundreds of other successful companies. The more useful and popular a product becomes the less people will care about the product or company's name.

Marketing

For marketing efforts I see Goodomy more like the 'Tide' brand, focused on the markets where it will be used most and allowing people to just use it and see how it works for them, rather than trying to impress the chemical industry. Yes, the chemical industry was important for Tide but they weren't the customers. Now you can find Tide and its sister products on every consumer shelf in the world. So our primary focus won't be on the cryptocurrency industry like other coins and tokens, none of which have a foothold in the $30 trillion consumer product market or even seem to know how to enter it.

Opportunity

How much of the $400 billion cryptocurrency market do everyday purchases account for? Very little. And of the $14 billion transacted on Bitcoin over the past 24 hours, who would be confident to say that even 0.0001% was used to buy consumer products when transaction fees are averaging $27? This is much worse for consumers than any 'evil' credit card company could think up.

Can you imagine the price of GOOD when 2 million people who know nothing about cryptocurrency are using our app at least once a week to buy and sell everyday products using Goodomy? These people care nothing about crypto. They just want it to help them do what they already do, but better. That's our market, and that's our focus. The more of the masses that use Shopomy the more valuable GOOD becomes.

Too many other coins and tokens are good at explaining the wrong solutions well and overlooking the needs of the largest market on the planet in favor of shiny new methodology that only an infinitesimally tiny fraction of the population cares about.

We may very well re-write the rules of the crypto industry and dominate it simply by fulfilling the unmet needs of the society that allows cryptocurrency to exist in the first place.


Blockchain Platform

It's something to seriously consider. A platform with free and fast transactions is a must, I think. Only a few concerns are working on that: EOS, Raiblocks, IOTA, and perhaps one or two others (though POW isn't free). But EOS will have smart contracts and it's also an evolution of the lead developer's proven technology (Steem.it and Bitshares).

Somehow one of the main graphics in the OP got edited out over the past couple of days. Here it is, in case it was missed

https://i.imgur.com/hypBO3w.jpg

Please note that if you're still using a phrase in Parity to secure your tokens or Ethereum you should probably use a more secure method.

here is an explanation from MyEtherWallet from their Github: https://myetherwallet.github.io/knowledge-base/private-keys-passwords/parity-phrases-are-no-longer-supported.html

• They are insecure: People are using them as brain wallets. Brain wallets are insecure.
• Humans are not capable of generating enough entropy and therefore the wallets derived from phrases humans make up can be easily brute forced.
• They are being brute forced as we speak. At the time of this writing, no less than 9 ETH from 15 accounts has been confirmed stolen. There is certainly much more that we are unaware of.
• Parity phrases have no checksum or ability to enforce certain standards, such as strength or length. Any characters work.
• They create confusion for new users: New users have typed their private keys in that field and then ask us why their address is different from the one they originally derived.

The myetherwallet.com website is a popular choice, but you can also download the website and run it off of your local machine. You can find the download link on their website, which will lead you to https://github.com/kvhnuke/etherwallet/releases/tag/v3.10.9.7

(however, always check to make sure you are on the correct MyEtherWallet website)

You can also download the Eidoo app and send tokens to your Ethereum address that way.

If you have any questions about it please feel free to ask.

Just a note that I have recently registered limited liability company in Hong Kong for the day-to-day management of Goodomy and the Shopomy platform.

Quite a number of blockchain and FinTech-related companies are operating from there for its friendly environment, so I thought it was a good choice. (I also started my previous company in Hong Kong so know the territory well enough.)

Poll added: "Should we hold a 10,000 GOOD bounty for creating a Reddit post with the most upvotes over the next 4 days?"

It's an idea to bring more exposure to Shopomy project during the holiday and shopping season, though I'm somewhat against bounties outside of the Shopomy platform (as it will have its own bounty system)

We could also do 10,000 for the winner and 5,000 for runner-up

Thoughts and suggestions are appreciated!

Thanks, gunmaster! I've joined (though I'll be quite busy working on phase 2 over the next few weeks, so will pop in and out)

We'll try out a bounty (for top Reddit post) in a couple of days.

I've also created a poll to think about which city Shopomy should launch in first. Once that is decided we will either see if anyone from the community lives there and would like to help out or hire 5-10 people to go out and create the first listings.

Not scientific, but I wanted to see how many Craigslist 'for sale' posts in the top English-speaking cities accept cryptocurrency as compared with the population. San Francisco, Phoenix, Los Angeles, and Houston ranked highest.

https://i.imgur.com/Bb3oMCP.gif
 (Note: San Antonio didn't have its own Craigslist page)

I compared it with the population because of the benefits of the network effects of each person who is interested in cryptocurrency telling others about it. The more listings there are per person the greater the chance that each would have to find out about being able to buy something with crypto. Also, if Shopomy takes off in any particular city it is better to have more room to grow.

However, if people in the San Francisco area are religiously devoted to Craigslist for buying/selling items (as shown by their exceptional usage) it may not be a good idea to launch there, as they might be resistant to change.

Listings in the Phoenix area have surprisingly high acceptance of cryptocurrency, but this might be from all of the auto dealers there that accept it.

If we take a look at non-dealer listings in the top 4 cities that accept cryptocurrency, Los Angeles has the highest percentage:

San Francisco - 44.01% of listings that accept cryptocurrency are non-dealers
Phoenix - 43.34% ""
Houston - 34.61% ""
Los Angeles - 49.21% ""

We can certainly try SF but it might be a wasted effort. We're also not sure which demographic would be more likely to use it (and SF has a much higher concentration of young and tragically hip liberals). The safer bets might be Phoenix or Los Angeles.

Phoenix might be filled with more close-knit communities (such as the large Scottsdale area) with people that may be more willing to share the app with others. Los Angeles is a more international city, however, which means some users will spread Shopomy to other places organically. It may also be easier to find people that live in the Los Angeles area to help or hire for a few days.

It's good to see a promising project with an active dev who cares about the community.
Good luck with the beta relase kosmost

Thanks! I'm excited, too  :)

I've also updated the website a bit: http://goodomy.com/

Please note, however, that the Goodomy website design is only temporary. We will provide a fresh new consumer-facing design for Shopomy first to go along with the launch the of the app, then make changes as needed to the Goodomy website.

An important question from a recent telegram (https://t.me/Goodomy_community), and my (rather lengthy) response. The tl;dr is, "Shopomy is fundamentally different from others.":

What is Goodomy/Shopomy's value proposition?

https://i.imgur.com/CUitc12.jpg

How is this different than what Storiqa (http://storiqa.com) is doing?[/b]

It's also almost exactly the same value proposition as Amazon and Walmart, but Shopomy and Storiqa have different interpretations of this successful model. They are not doing what we are doing anymore than Amazon is doing what Walmart is doing.

Storiqa is actually trying to do what Amazon does without much difference, complete with tremendous overheads and distribution centers. They're also focusing on the $2 trillion ecommerce market that Amazon leads, whereas we are focused on the $30 trillion local retail market that no one leads (because it is likely that only distributed ledger technology makes it possible).

They seem to have fulfillment centers as part of their logistics, so stores will ship to them first, they will check for quality, then ship to the buyer. From their front page, "...the item shipped to you is tested at the Storiqa verification center." It's not really clear how it will work, but it sounds like a logistical nightmare that won't actually add much value.

Can you imagine if Amazon did this for each one of their products? Or even 5% of their products? This is a highly inefficent way of doing things. How is this cost-effective? Amazon leverages its ratings and review system to bring the better retailers to the forefront of listings and it costs them nothing.

They seem to be focused on tokens and their ICO rather than the utility of their product and why users should care. For example, in their FAQ they state that users will have to pay their own gas on the Ethereum network. This tells me that they're not thinking about the mass market, and therefore it would be very difficult to get the momentum they need to have buyers and sellers on the platform at the same time.

Another way that Shopomy isn't like Storiqa is that we are mobile and local. They are not.

On the somewhat-amusing side of things, they are using a strategy that I invented to raise funds.

I prefer to lead, not follow. That being said, it is best to go with what is proven to work already but doing it in a new way. I can't think of any successful product or service that isn't a new interpretation of an already-successful model or thing. I don't see their unique value proposition and how it solves the problem that Shopomy is designed to solve.

It also doesn't seem to save the buyer any more money. So why should buyers care? Because they can buy something with their NXT or DOGE coins? The market is far too small for this.

They have so far raised over $5M and they will need far more than that with all of their overhead. That won't even cover the cost of one of their distribution centers. (And right now they have a staff of 24.. and that's just for management and developers. They'll need to hire lots more people for shipping, logistics, inventory, quality assurance, etc.. at each distribution center.)

Shopomy: "What if you took the outrageously successful Amazon business model, removed the need for warehousing and logistics, opened it up to a consumer market nearly 15x bigger, made it mobile and local, and attached it to a blockchain?""

Storiqa does not remove the need for warehousing and logistics, nor are they going after the same market, or focused on local businesses (again, the largest goods and services market in the world).

Very different. But they also don't have the secret sauce that I invented (which see)

But I am sure they will be following that, too, in a year or so. By which time they may be just a footnote in crypto-history.

Further, I don't think they understand what decentralization means. From their FAQ, "Decentralization and the opportunities presented by the use of cryptocurrency in the project can cover the needs in speed, global market access and transaction security." Yet, they will have warehouses and shipping centers. How much "speed" is there when there are so many factors involved such as currency conversions, shipping, customs, quality control, warehousing, etc?

They will also charge a fee to list products. 1 token per item per DAY to list your product.

They will also allow buyers to pay in a variety of fiat and cryptocurrencies, which will be a tremendous accounting headache for sellers (and confusing for buyers, perhaps)

Warehouses are expensive to run and ship from. They need at least $100M for this if they want to expand to more than a couple of cities. Are sellers in Singapore supposed to ship their products to Russia for the first year? The mark-ups will be huge if tremendous economies of scale are not employed (which is something only the very big companies can handle).

I'm not sure they thought it through.

Storiqa will have:

Payments in cryptocurrencies and fiat money. [probably a bad idea; see above]

Low fees and transaction costs. [Shopomy is free to use, with premium features. Sellers must first purchase 1 of their tokens in order to simply list a product on their system in the hopes that someone will buy it. And that's AFTER paying their 18,000 STQ yearly fee. Already too much friction even with one token, and far more with an additional 18,000 needed]

24/7 customer support for customers. [I can't imagine the headache in handling customer support for "1,000,000 shops", or even 100 shops]

They're solving a problem that doesn't really exist, I think...and charging sellers for it.

The way Shopomy is designed, sellers won't need to think about cryptocurrency. (The average person doesn't care about buying something with cryptocurrency, either.)

Their platform doesn't seem to have any benefits for buyers. But the benefits for sellers and shops seems okay. Without buyers, though, there is no transaction.

Shopomy is fundamentally different.

Again, Amazon focuses on the 7% retail market (ecommerce) and leads it. Amazon = platform for retailers, supported by distribution centers and requisite logistics

Shopomy will focus on the 93% retail market (physical stores). Shopomy = platform for local retailers, supported by mobile and blockchain with a little 'secret sauce'

"Local" being wherever the retailer happens to be.

DLT technology (distributed ledger) makes things possible that could not be conceived before. This means that there will be a tremendous amount of innovation in the coming years. What Shopomy will do is one of those DLT innovations, I believe.

Others have tried to do what Shopomy will do and have failed because they could not conceive of how to leverage DLT to make it work. This isn't just about putting stores online or allowing people in the neighborhood to find stuff locally.

Amazon has warehouses. We will have the distributed ledger. The blockchain is our "warehouse".

It's really just the same thing that works for Amazon, with updated execution, rather than trying to copy Amazon directly like Storiqa is trying to do. There's no need to add more friction and make the selling process far more complicated than it needs to be. Nor is there a need to make the operations more complicated that it needs to be (unless they made it that way in order to justify their ICO?)

Blockchain is supposed to make things more efficient and decentralized, not more complicated and centralized. I guess not everyone got the memo, however.

I think that's exactly the right approach. If i see all the project pages with a big team of suit wearing people I have the feeling it's more about marketing than real content. I have more faith in one real developer.
Currently I'm working on a project as a dev (not crypto related) just together with a graphics artist. We share the same big idea and I don't even wanna loose energy explaining it to someone else :D

Thanks. A lot of those projects are just cash grabs. The websites are tools to just get your money. Many of the people may not even be active on the team, judging by how unproductive some of the projects are despite having a 'glowing' and large team. It's may even be that people join the teams of many of these companies in the hopes of huge profit from the token sale.

For example, with a project like Storiqa people don't really care if their burn rate is likely to be upwards of $1M a month or more. They only care that there is a team, a whitepaper, and a way to buy in. This is no different than people buying Webvan in their 1999 IPO.

Online grocer Webvan Group Inc., announced Friday that it has filed for a $345 million initial stock sale to raise money to build and equip its planned brick-and-mortar distribution centers. https://www.technologybreakingnews.com/1999/08/webvan-ipo-shoots-to-raise-345-million/ People went crazy over these companies: http://money.cnn.com/1999/11/05/news/webvan/

Their investors included Goldman Sachs, Sequoia Capital, and Softbank, who in total invested over $800 million in the concept. The founder of Webvan was Louis Borders, who also founded Borders books. They recruited the CEO of (then) Andersen Consulting. They had an awesome team. But despite all this experience and oversight they racked up $830 million in losses within a few months of their IPO.

They could have taken $10,000 and made and marketed a website to connect grocery stores to an online ordering system, and allowed people to sign up as deliverers. People did this with other markets (e.g., travel and limousine rental) They might still be in business if they had a much different approach. But instead, it was probably a money grab. At least one of the guys involved in Webvan is still making $375,000 a year for the rest of his life (!)

But most of crypto can't see past this, it seems, because they don't remember (or think about) the 20th century internet bubble. These companies had awesome teams (echo chambers) and awesome investors (cheerleaders) but were trying to solve problems that were only imaginary. People in crypto scream more about tulip mania (nearly 400 years ago) rather than something that happened less than 20 years ago and is far more relevant. Perhaps they don't want to know that it's pretty much the same kind of environment all over again.

I was there during all of this, working in financial PR. Every day I spoke with institutional investors about their positions in our clients' companies and worked on a Bloomberg terminal to try and figure it all out.

There will be many tokens that simply won't survive when the bubble pops because they are just like Webvan.

Still working out bugs with the developers (some of whom are on holiday break). I'm really pushing to have the package released before the end of the month. It's already behind schedule. (Apologies for the delay!)

So I think that for this to succeed the app will HAVE to be used, your projections go from 60 users in March 2018 to
18,000 users in June. This is pretty rapid growth, how do you plan to achieve this?

Im sure that you have answered this somewhere but sorry I don't want to dig through the ANN, we kinda need a centralized source
of information here.

Also FITE is part of REMI that will help businesses make use of the platform, they also have a projection going from 12 to 850
in those months. I'm still not sure what they are though? Are they like a different type of user?

I noticed that virtual products are aimed to be added in 2019, this could be huge if done right.

Lastly I noticed Ad revenue projected for 2018, how do you intend to integrate this? An ad free app would be ideal in my opinion.

this is all constructive criticism at worse, i like this project or i wouldn't be here

Hey, thanks for your questions.

For Shopomy to succeed, Shopomy will have to be used by at least 300 users in one city, I think. However, there are other use cases for Goodomy in development. Shopomy is just the first one and the focus for now.

That is to say, the success of Goodomy won't depend on the app's success.

The growth would be measured weekly per location. 60 users is the approximate test base for the first market (e.g., Los Angeles) with other cities being pushed after that. The March-June period being about 12-15 weeks and about 50% growth week-on-week across all locations until it hits a saturation level. 200-500% weekly growth for the first few months is not uncommon for apps that have similar economic or gamification features.


You can think of FITE as store listings, and REMI as the process behind the listings.

I may create a "bluepaper" that details the logic behind these processes when phase 2 is released. But it's also good to see it in action.


These won't be the typical mobile ads but promoted listings, like ebay or Amazon. It won't interrupt the user experience in any way.


A pleasure! It helps the process and lets me know what people are thinking. If you have any other questions or suggestions please feel free.

Hello, I bought some GOOD on EtherDelta. But the SMART contract seems to be GOODKARMA, not GOODOMY. Do I need to do something with ? Or nothing needed ?

Hi. You can input your wallet address on line 5 here:
https://etherscan.io/address/0xae616e72d3d89e847f74e8ace41ca68bbf56af79#readContract

If there is a result for the uint256 value just take away 6 zeros to confirm the number of tokens in your possession.

If there is no result, please let me know.

Note that the contract is immutable, so it still says our old name (Good Karma). This will change in the next few months to the correct name.

Also note that the "GOOD" trading on EtherDelta now isn't confirmed to be Goodomy/GoodKarma. But if a token value shows up for our Ethereum address you are fine. (I deleted all references to them a few months ago, including from CoinMarketCap)

It seems to be OK


I bought this coins on august on ethedelta. Can I let them on MyEtherWallet ?

if there is no ICO on this,

how were the initial GOOD coins distributed? before they were listed on etherdelta?

It should be okay. It's probably the most popular choice. But a more secure method may be to install the MyEtherWallet on your local machine. It's very, very simple.

You can find the link to download the website from the bottom of their their website, which will lead you to https://github.com/kvhnuke/etherwallet/releases/tag/v3.10.9.7

(however, always check to make sure you are on the correct MyEtherWallet website + green SSL bar)

Some people run the website locally from a separate machine that isn't connected to the internet. There's a way to post offline transactions.

Hope this helps :)

Before they were listed on the exchange, they had not yet been distributed.

And about half of the supply is still with the contract, to be distributed in a different way than it first was.

Let me know if you have any other questions or suggestions. Thanks

so you just had the tokens listed on the exchange upon launch for very cheap to initiate trading?

I support your project, just can't find if this coin was sold upon exchange or what

Hi. Thanks. Here's the relevant post: https://bitcointalk.org/index.php?topic=1969334.msg19854603#msg19854603

Let me know if I can clarify it further.

okay thanks, I read it.

and I know you're planning to upgrade to ERC22 swap and possibly on another free transaction chain.

are you planning to keep it 1:1 swap, or whats the plan on that.

I loaded up a nice bag of GOOD and plan to buy more ;). shhhhh.


also, thanks for being responsive and transparent on everything.

Indeed.

My GOODs on etherdelta disappeared. Looks it has something to do with hack.

nah, etherdelta is really laggy...and it was probably me buying up your GOODs ;)

yea etherdelta was hacked last week...it's possible u sent to hacker's address.

dont use that trash exchange.

If another platform is viable (and stable) before then, we may launch with that. EOS looks very promising, but it won't really be usable until summer. An upgrade to ERC223 may make sense for added security and also to avoid confusion with the old name on our current contract (which cannot be changed). It may also be that we keep the current contract and just wait for EOS.

Running two separate blockchains is also something I have been thinking about (one for Goodomy and one for Shopomy). It would open up some interesting possibilities which we can get more into when it's time to make a decision. We could have the best of 'both worlds', whatever the two best may be at the time.


Hope your goodie-bag gets bigger :)

What's more important than a 1:1 swap is a %:% swap, keeping the same percentage of total circulation as you had before, I think.

For example, you might have 1,000 old tokens to exchange for 1,000 new tokens. That would be a 1:1 swap. But if the new token has 10x the total supply your % would be decreased.

So for whatever the ratio we decide on for whatever reason (1:1, 1:2, 1:5, etc) we would want to be sure that everyone has the exact same percentage they had before. I wouldn't have it any other way.


Thanks. I know how important investor relations is (as it was something I did before, professionally). On the other hand, I must be somewhat opaque to maintain our first-mover advantage. But in a few months we should be able to better-communicate the vision, how it works, and have one or two professionals on hand to field all kinds of queries from tokens holders and the general public in a much more transparent way than we have now.

I'm not sure of your exact situation but these instructions for withdrawing from EtherDelta using myetherwallet may help: https://www.reddit.com/r/EtherDelta/comments/6hrxjw/etherdelta_guides_for_first_time_users/dn6heno/?st=jbsqve4u&sh=45ed90ea

Hope your tokens are okay :)

yea i agree, as long as it's the same before and after, it's good.

this gives me confidence you're doing it right.

also, is there a disclosure how much % stake you own.

I know half is till held for future purposes, but at the end of the day, is there a concrete stake holdings you plan to keep?


and for the ICR, the repurchased tokens are burned? or retained in the 'corporation'?

I don't actually own any tokens. This may come as a surprise, but I am looking forward to, along with the management team, getting a nice, steady income from Goodomy. This may happen when we have some governance (or board) in place and they agree to that. I'm thinking that it will be a percentage of profits or year-on-year market cap increase to incentivize us to deliver both bigger profits and bigger returns. A steady income is much more attractive to me than tokens because it allows me to focus on value of what we're doing rather than today's price and constantly checking it like I see a lot of other developers do.

It also helps to prevent market manipulation via dumping from those with inside information.

For the management team, I would think a salary would be better than giving someone tokens. Yes, the team should have a stake in the project but this could be through fiat bonuses rather than tokens. We don't want to look back in 10 years and wonder why we gave the office maid $5 million worth of tokens (when they were only worth $100 at the time). Think of the $100 million Bitcoin pizza and how stupid the person who ordered and paid for it in Bitcoin must feel now. Looking back, they would have preferred to pay cash. This method helps to preserve future value. We don't want to write people blank checks just because they're part of the team. It also makes accountants more happy, which tells me that it's probably the best strategy for stability and growth.

I also may benefit from patent licensing. The technology itself will not be patented but the business methods utilized in Shopomy will be, as protection against direct competitors. The more successful it is the more valuable the license will be. This also allows me to focus on making the whole economy as valuable as possible, again rather than being distracted by token price.

Back in the day (before and during the bubble) I had some stakes in some (non-client) startups and was constantly checking my Bloomberg terminal. I wasted a lot of time I could have used more productively. I also didn't get much sleep and wasn't really able to focus on the task at hand. Hopefully this is a much better way of doing it while saving more tokens for others who believe in the project.

The project actually began as a way for holders of the (nearly-defunct) Karmacoin to get some kind of value from their tokens. I was trying to revive Karmacoin but the person in charge (who wasn't doing anything for years) didn't like it. So, then I decided to start 'Good Karmacoin'. Not many were interested at the time, nor saw the value of having it on the Ethereum platform. My primary motivation for creating this token was actually to 'do something good' for the Karmacoin community when I saw nothing was going on with it. But as time went on I realized I could implement some plans I had been working on into the new token. And so here we are :)

The repurchased tokens will be re-sold again and again for Goodomy capital, not burned. We'll actually need far more supply of tokens, not less. We would be using our resources to purchase the tokens so will extract value from them through the ICR+.

As we approach the first ICR+ period we'll outline the plans, the reasoning and methodology, and show how it will provide benefit all parties.

Interesting....

so you plan to have no equity, but want the steady income.

so as token holders, do we have ownership of any of the patents, software, etc...or is it purely on price change appreciation, and ICR?

Personally, my focus is on licensing the patent. That's really all the equity I need, and my preference. I may also provide the board with some control over the patent (inability to license to direct competitors, for example) but that's something a lawyer can work out.

The income is just icing on the cake.

I'm not exactly starving for funds, either, so am not too concerned about missing out on my own token. I'm just happy to realize the vision.


That kind of model would mark us as a security by the SEC in the US, something I want to avoid (as you can see by all the disclaimers and me refusing to use my own invention, ICOs). There is no way that we could legally do that.

However, I have designed it so that ownership of the token would be a far more valuable proposition than ownership of Goodomy or any other resource.

The ICR+ periods would be scheduled so that speculators can make the right decision about whether to hold on to their tokens or not.

Thank you,

you clarified all my questions.

It's only a matter of time now :)

Others may be skeptical of your goodwill,

but as long as you deliver on your promises as time goes on, there's not much to complain about.

Thanks. Yes, just a matter of time.

thank you for the update.

shhh, i'm still hoarding good tokens ;)....slow it down ok?

haha.. yes. But it seems like a good day for some great news :)

Phase 1 of Shopomy released into alpha

Click here (https://bitcointalk.org/index.php?topic=1969334.msg25499894#msg25499894) for screens or download the app from Google Play at https://play.google.com/store/apps/details?id=com.shopomy


Feel free to try out the app and make some test listings. Anyone can download and open it, but when you add new listings you'll need to select a store. Right now it searches stores in about 30 countries* with many more to follow in phase 2.

To see the sample listings I've added for New York you'll first need to 'fake' your location by installing the Fake GPS app (if you're not in New York) at https://play.google.com/store/apps/details?id=com.incorporateapps.fakegps.fre, then clicking on the search icon (top magnifying glass) and searching for "New York". Next, click the bottom right play button to set the new location.

Shopomy will then see your GPS location as New York City and show you the couple of listings that I have added.

Please keep in mind 3 things:

1) This app represents a few of the most basic functions of Shopomy. It does not have Goodomy cryptocurrency, nor the 'secret sauce' of REMI and FITE, and some other features. That will happen in phase 2, which is already in development.

2) This is an alpha that has a few bugs. Video uploads don't work properly. images are somewhat slow to load, and when you close the app your category selection disappears. However, after the holidays these should be fixed (though we may decide to devote more resources, instead, to phase 2 and fixing them there)

3) The screenshots on the app page will be re-done, as well as other details. The current ones are just filler.

Please let us know if you find any other bugs, or have suggestions, etc. I'll post a more detailed guide on how to use the app later on today or tomorrow.

Thanks!


*those countries are:
Argentina
Australia
Austria
Belgium
Brazil
Canada
Chile
Czech Republic
Denmark
Finland
France
Germany
Hong Kong
Italy
Japan
Malaysia
Mexico
New Zealand
Norway
Philippines
Poland
Portugal
Republic of Ireland
Singapore
Spain
Sweden
Switzerland
Taiwan
The Netherlands
Turkey
United Kingdom
United States

Regarding categories and sub-categories please let me know if you have some other ideas. Thanks

Great work!

This is fantastic news

Thanks. We're already working hard on phase 2 (though mostly taking a break for the holidays).

I tried the Shopomy app, works well, just one thing: I used login by facebook, then got an email verification message, but when i clicked the "Confirm My Email ID" link, the opened page says: "Error! Email already verified."
After that login worked anyway.
Also, Thunderbird showed "This message may be a scam", but this should be gone as soon as the link points to the domain instead of the bare IP.

Happy new year :)

Thanks. Hope you're well :)

Noted, and thanks for letting me know. It will be fixed in the next release.

Yes, phase 3 of Shopomy will be integrated with the search engine. The search engine will add a unique layer on top of other kinds of services, with Shopomy being the first service to utilize its API and show what is possible. This would be a tremendous value-add for Shopomy, but more specific details about the search engine would be forthcoming before the tokens would be offered.

if it's integrated with shopomy...why don't just integrate it? and have the value added go into goodomy price.

there's no point making separate coins for each individual project linked together.

I would prefer everything priced in with goodomy.

well, i'm not interested in trading GOOD for the new coin, but you can release it if you want....eseentially you're just creating more supply, which is fine....things will be priced in GOOD eventually anyways


if this is the business model, to create new coins in exchange for good...i'll wait for good price to crash to buy more


and it will also depend how you structure it...will GOOD be the parent umbrella or will the new coin be the parent?

It's an extra benefit, not a business model. That one may be able to exchange Goodomy for the new token isn't that much different than being able to exchange ETH for it. Demand for Ethereum-based tokens puts upward pressure on the price of Ethereum. (The same for coins priced in BTC. If you want the token you first need to purchase BTC or whatever). The new token wouldn't be created simply to have something to exchange Goodomy for, just as Goodomy wasn't created in order to have something to exchange Ethereum for. It's another part of the ecosystem.

Yet, because each part of the ecosystem may work differently it means that having different rules and parameters for each token would be needed. A token based on consumer use may be fine with a total circulating supply of 10 million tokens, for example. But one based on the 'internet of things' may need far more. With smart contracts, each use case would dictate a different set of rules in the smart contract.

In this way there would be no 'parent', as each would be able to work independently. Again, it's just a benefit and not a requirement to be able to exchange one token for the other.

I suppose it's not really something to get into detail about now, as I'm mostly focused on phase 2 at the moment. However, I do tend to plan 1-2 years in advance so wanted to know people's thoughts on being able to perform an exchange directly.

Bug fixes should be done within a couple of days.

If there are any other bugs that you've found (or feature requests) please let me know here.

Thanks!

What does Goodomy/Shopomy offer that isn't already being integrated into Bezop?

https://ecom.bezop.io/crowdsale/

It seems that we suffer from a lack of POO (proof-of-order) like they have in their whitepaper. It looks like it's gonna be big and is taking shape, according to their schedule. But I wouldn't want to speculate on when POO is going to drop  ;D

On a serious note, I suppose the question would be what do they offer that Amazon or Shopify doesn't already provide, since they are doing nearly the same thing as a platform. They will provide "...an open source web software system upon which
merchants can sell their goods and services" for a 1.4% transaction fee, which is not much different than credit cards. Besides that, there are long-standing solutions that offer this already.

Shopomy is mobile and local, and has an entirely different business model. There are also no transaction fees, like Bezop has. Once the Shopomy app is installed on your device there will be very little friction for the consumer and the business owner. This is very important.

Their market is the $1.9 trillion ecommerce market. Ours is the $30 trillion retail market. A bigger market doesn't mean more profits, but their market is saturated. Ours is not saturated because no one has been able to figure out how to make it work, because it only works with blockchain and its derivatives (from what I can tell).

I have figured it out, and I think we have a good chance to become the leader of an entirely new field within the largest consumer market in the world. And it will all be powered by Goodomy, which should be in extremely high demand by this time next year.

Reading their whitepaper, it seems to be an overly complicated solution to a problem that doesn't really exist. This is what a lot of tokens tend to do, for obvious reasons. Unless they're not revealing something until a particular release (like Shopomy is) I don't see a unique value proposition that has any value to any party except miners. But, more than likely, they've shown all their cards already, as most ICOs do in their whitepaper.

With Bezop DOM, Jane can instantly run a fully decentralized e-commerce portal. Without the need for PrestaShop, Shopify, Amazon, and other centralized e-commerce stores that require heavy transaction fees and monthly payments.

Why would Jane care about it being decentralized? She just wants to sell products, not decentralize her order management process and pay a 1.4% transaction fee in Bezop tokens, which means she needs to purchase the tokens before she uses the system. Replacing something that is already simple (such as Amazon or Shopify) with something that is more complicated with uncertain benefits is unlikely to be what ecommerce retailers are looking for.

Why would a 'decentralized' solution add layers of complexity to her process?

I'm not sure they need to raise $16M to figure that out but it keeps people employed, I guess.

As always, Kosmost, thanks for the detailed reply. I agree with your points.

I'm just trying to get a feel for the grand scope of this project as it's all still fairly vague.

Are you planning on releasing a whitepaper?

Certainly. Though I completely understand anyone on the sidelines waiting until they can see it in action.

A whitepaper, if any, would come after phase 2 drops. However, there wouldn't be much need to explain it over 40 pages when one could easily see how it works by that time. Our focus would be actual users, and they are unlikely to read something that they don't need to.

A whitepaper is really a prospectus for funds, no different than for stocks or some other kind of equity. It may not be the best use of resources, perhaps, as it would take a while for me to put it together or explain it to someone else so they can write it. We could, instead, work to make sure that actual users know how to use the system and incorporate their feedback.

Mass adoption would probably benefit market value far more than a whitepaper. That is, a potential token-buyer might say, "Lots of consumers and businesses are using it so it probably has value for them." Actual users performing transactions is a much better way to judge the value of a business model than a whitepaper, I think. I don't remember if I have ever read a whitepaper from a publicly-traded company before purchasing their stock. I simply looked to see who was using it, what they were using it for, the company's competitive advantage, and market size.

But I'd still like to at least prepare for it, just in case. Do you know of any non-ICO tokens that have whitepapers that I can take a look at so that I can begin to structure it in a way that you think is suitable?

good point,

just focus on users and consumers first...like any business would.

satisfy the consumer, and the rest will follow.

I have around 70000 GOOD in my wallet and I hope that once it will cost enough. What now with GOOD project? Is it really implemented for clients loyality or we have only words and plans?

Hi. Thanks for your message. Goodomy will be the cryptocurrency for consumer purchases, with first implementation within the Shopomy platform. The Shopomy basic app framework has just been released, with extended functionality in phase 2, scheduled to be released before April.

I'm not sure what is meant by 'clients loyalty' but if you'd rephrase your question I'd be more than happy to respond.

Tron is only words and plans either and currently has a market cap of 13b. XRP is even sitting at 140b, and it's entirely worthless. 95% of all crypto projects only exist in theory so far. The trick is to get in before they deliver, not after. And I have a good feeling with this one because kosmost is a good guy (pun intended).

Guess this doesn't mean five hundred dot zero? ;)
I don't think the marked can absorb an amount that comes even close to this, if i see the traded amount on coinexchange. Or do you plan massive promoting during the same time?

he's only releasing this many coins cause some dude complained about lack of liquidity and supply available.

i hope this depresses the price so i can load up much more

Right now the market is trading about 370,000-1M+ per day.

We'll see how it goes.

Just a note that CoinExchange has been experiencing delays (per their Twitter (https://twitter.com/CoinExchangeio)), likely due to people going nuts over ExperiencePoints recently (XP's main market is on CoinExchange) and ETH delays. Ethereum's pending transactions (https://etherscan.io/chart/pendingtx) has been skyrocketing the past couple of days.

I'll post again when the first release is trading, which hopefully shouldn't be too long.

The retail chain block revolution GOOD is committed to tens of trillions of dollars, but the plots of the space is very large, I hope the project team to refuel! I am patiently waiting for you to bring me infinite hope :)

While the proposed vision is massive and obviously requires an incredible amount of resources, I would like to know how many people are working on this and how much money you have available for the whole project. Thanks in advance.

Thanks for your support!

Hi. Actually, it doesn't require a lot of resources. We're doing it in a very cost-effective way.

I suppose that it is like the difference between Encyclopaedia Brittanica and Wikipedia. One certainly requires a tremendous amount of resources, while the other just requires a different way of thinking.

We don't need lots of resources when our users will do nearly all of the work. For this, a small team would be enough to start. For project security it is just me (plus the mobile devs that I have hired). However, we do plan on hiring others (perhaps 10-20) as we roll out.

If you're not sure about any of this you're welcome to sit it out and observe our progress to see how things go.

If you have any suggestions for our next exchanges please let us know here.

Once we narrow it down to 2 exchanges to focus on we'll develop a strategy and figure out the best way to execute it and do our best to make it happen over the next 1-2 months.

This is listed on Etherdelta but Coinmarketcap.com does not reflect that. I vote Bittrex or Kucoin for new exchanges.

Thanks

I like Binance and Cryptopia

Cryptopia and Binance is my vote.
(if you have not used Binance yet... give it a test, it's a great platform.)

I'd say Bittrex, but that is a stretch.

Binance is very difficult to get on right now from what I've seen.

Cryptopia is the best exchange to get on without a ton of money, but that is actually really decent. I just started using Coss too, and while updates are happening now, when it works right it's pretty good.

I asked CoinMarketCap to remove the listing due to the ease of market manipulation on EtherDelta (some by design, such as lack of order matching).

I'm not 100% certain that the "good" on EtherDelta is the same, as there are sometimes vast price differences.

A lot of these exchanges now focus on ICOs rather than coins because they can charge far more or sometimes get kickbacks.

When I first started trying to get listed on exchanges in 2014 the listing fee was $0

Now, exchanges can charge upwards of $750,000 for a listing, with an average of about $50k-100k. Plus, of course, any fees that they make.

However..

It is possible to get coins or tokens with a great future to be listed for a much lower fee, perhaps even free.

Please note that I have moved the tokens for sale in the DOGE market to the ETH market, as all of the supply there has been sold.

If all of the tokens have been sold within the next few hours then 1,000,000 additional tokens will be released in 2 days (at the same +10% above whatever the best ask is)

I would like to see it on Binance

hopefully we will se you on bittrex soon  :)

Seems to be the most popular choice! Thanks.

I would like to help, but I have no account on coinexchange and I can't register because :

"www.coinexchange.io - Access Denied
Error code 15
This request was blocked by the security rules"

I don't understand why...  :-\

They might be blocking your geo location, but you would think they'd list that reason in the security notice. If it is a geo block you can use a VPN to get around that.

Something else to take note of - if you hold some Binance token in your account and have your settings set to use that to pay your fees, you save 50% on all trade fees. It's a substantial savings if you do a lot of volume.

They are basically the lowest cost exchange that exists if you use their token.

Curious. Do you mean the market cap is "too high" or the actual BTC or ETH price of the token?

How is Shopomy like a 'decentralized' central bank for Goodomy, the digital currency?

For an explanation of this, we can turn to other businesses with a more high-level perspective.

McDonald's

It is often assumed that McDonald's is in the fast food business. Yes, they sell burgers (and are also the largest toy distributor in the world). But more importantly, they are in the real estate business.

Former McDonald’s CFO, Harry J. Sonneborn, said, “we are not technically in the food business. We are in the real estate business. The only reason we sell fifteen-cent hamburgers is because they are the greatest producer of revenue, from which our tenants can pay us our rent.”

Sonneborn thought about how to really make money in real estate. His concept was to own property and charge the most number of tenants the highest rents possible. He decided if tenants sold burgers and hot dogs, they'd never have a problem paying high rent. With this revolutionary new idea, he approached Kroc's fast food business.

Although they make more money with burgers, they make more profit with real estate. That was the original idea behind franchising.

Amazon

Jeff Bezos didn't really care about books when he launched Amazon. It was just a way to take advantage of the internet's tremendous growth that he foresaw.

He said, "The wake up call was finding this startling statistic that web usage in the spring of 1994 was growing at 2,300 percent a year. You know, things just don’t grow that fast. It’s highly unusual, and that started me about thinking, 'What kind of business plan might make sense in the context of that growth?"

Bezos chose books only after analyzing the top 20 mail order businesses and determining that books were the commodity for which no mail order catalogue existed, because such a catalogue would be too big to mail out.

Like McDonald's leveraging consumer love for hot dogs and burgers to build a $40 billion real estate empire, Bezos used love for books to build an ecommerce infrastructure company that both retailers and other internet companies can use as a platform.

Shopomy

We will leverage local consumer spending to build a worldwide, distributed bank that is powered by GOOD. This won't be the "Bank of Blockchain" where people go to deposit funds and take out loans. It will be banking 2.0 where each 'account' is actually a consumer product and anyone can transact with that account.

Goodomy will be the 'real estate' of Shopomy. Shopomy itself will be a blockchain infrastructure for retail. Like a McDonald's franchise, each retail shop will be making its own money via Shopomy but also paying a 'fee' to use Goodomy. (This won't be a monetary fee, however. The system will be 100% free for retailers.)

How to build a worldwide, distributed bank?  Just get the most number of account holders to make as many transactions as possible. From that, create a consumer shopping application wrapped around a unique business model and power it by digital currency.

Some might consider our plans and think, "How are they going to do this? This requires a tremendous amount of resources!" We will leverage the power of 'franchisees' and 'entrepreneurs' (as McDonald's and Amazon have done) to do 99% of the work. We will just provide the platform.

In Summary

McDonald's is a real estate company that looks like a chain of fast-food restaurants. "Powered by burgers"

Amazon is an eCommerce infrastructure company that looks like a department store "Powered by books"

Shopomy is a worldwide, distributed bank that looks like a consumer shopping app. "Powered by GOOD"

A distributed bank would be exponentially more robust and powerful if the accounts themselves were distributed.

We can do that when the accounts are actually products. This opens upon lots of new opportunities and is part of what we're doing with Shopomy.

Our future is very exciting!

I came across a GOOD market on a new decentralized exchange called IDEX at https://idex.market/eth/good

I'm not a fan of decentralized exchanges (they are slow, among other reasons) but it does have order matching and other features that are badly missing from EtherDelta.

If anyone is interested in this market please let me know.

How is the coins price high? It's low and compared to others way undervalued, as goodomy is still flying under the radar.


More than half gone in the btc market, i might have been wrong :)


I think it's best if a healthy growth is achieved that correlates with the projects progress/growth, a short hype as seen in other projects doesn't help in the long term

It's just the first day, and I may release more today per the schedule. So far it seems okay.


Perhaps, but Shopomy user growth could possibly outpace growth of Goodomy.

Also, we need a good Chinese name for "Goodomy". (Also, Korean and Japanese perhaps)

Any suggestions please post here.

Note that efforts will be focused to get listed on the following exchanges:

Exchange A: Binance
Exchange B: KuCoin

Bittrex is also a possibility, as noted above.

Japanese adopts foreign words to match the language, so you could go for something like:
Goodomy: グッドオマイ (Guddoomai), or ゴオッドミー(gooddomii)
Shopomy: ショップオマイ(shoppuomai), or ショッポミー(shoppomii)


Or try making a real translation and put something together with good and my, then it'll get difficult to choose, too many possibilities ;)

Goodly and Shoply have a nice ring.

Just throwing it out there.   :D ;D

Yeah, hiragana is fine and it makes sense. Which of the 2, for each, sounds better to you?

By the way, thanks for the translations!

Thanks for the suggestion!

Perhaps use a play on a word that is common in all three of those languages. And that way there is one "goodomy" type branding for all of the pacific rim.

Example:
kaizen
What you think it means
Continuous improvement, or a Japanese business philosophy of continuous improvement.

What it means in Japanese
Improvement. No "continuous", no "Japanese business philosophy", just generic "improvement".

Commentary
The Chinese-derived word kaizen 改善 (still in use in Chinese, and Korean as well) has no intrinsic meaning in Japanese of "continuous improvement" or "business philosophy" or any such deep stuff. It has the same generic, mundane meaning as the English word "improvement", and can mean any improvement big or small, one-time or ongoing, with or without a hint of attached "philosophy".

Meanwhile, the modern word Kaizen as "a Japanese business philosophy of continuous improvement" is an invention by speakers of other languages. Nothing wrong with that, though one wonders what's actually Japanese about it...

So, if someone with a better understanding of Japanese, Korean and Mandarin (I only know cantonese). Could come up with a twist on on a word like Kaizen - that is used in all three languages and that would make sense in all three languagues, you would have a great name for Asia.

App install stats aren't really reliable statistics on anything. If general interest would be tough to gauge with that. People download, install and delete apps constantly and that still counts as a number on the install list. I'd imagine those numbers are highly inflated and are simply an indicator of downloads and not users.

Speaking of apps, I noticed something today about Goodomy, Kosmost that you might want to check into. I was browsing through blockchain related apps and saw the "Coin Stats" app. There are two listings for Goodomy with two different icons and info.

The Shopomy app has been updated!

Go to our listing on Google Play Store at https://play.google.com/store/apps/details?id=com.shopomy

New screenshots have also been added

Note that this is the final phase 1 release. All remaining features and bug fixes will be in phase 2.

This release (0.1.3.) changes the following:

Fixed:
- "Video too large to upload" error
- deleted listings shown
- video 'play' icon
- video thumbnails
- compression for images
- retain user's sub-categories when app is closed
- video uploads
- link in veritication email (to prevent spam warnings) from IP to domain
- login with Facebook fixed

Added:
- indicator for maximum video size and length
- extra decimal place to prices in listing detail

Deleted:
- 'Discount' field from People listings

Saved for phase 2:
-search radius fixes

That's a pretty good idea. I know Korean has a lot of Chinese influence (and Japanese influence culturally) but what do you think about a variation of "3"?

Chinese: 三 ("san")
Japanese: 三  ("san")
Korean: 삼 ("sam")

The number 3 also has a similar pronunciation in Thai ("sam")

Then we can add another word onto it. Some suggestions:

Bag
Kaban (Korean and Japanese)
Chinese: 提包 (Tíbāo)

Market
Korean: 시장 (sijang)
Chinese: 市场 (shìchǎng)
Closest in Japanese might be 市 (ichi)

Bank
Korean: 은행 (eunhaeng)
Chinese: 银行 (yínháng)
Japanese? Nothing close, from what I can see

So, we could translate it to "3-bag" or "3-market", where "3" would be the three tabs (Things, People, Post). 3 is also a lucky number in Korea, but not Chinese (as it sounds like a word that means 'spread out') and in Japan it is the age a child is when they celebrate (shichi-go-san).

Shopomy = san-shìchǎng?

Ideas?

They're not exact numbers, of course, but the range listed is usually pretty accurate from the few apps I have been a part of. It's just a reference for now.

There are a number of services that give MAU or DAU info for Android apps, so I'm looking into those as well.


It may have our old name, info, and logo (for Good Karmacoin).

Hi Kosmost

What's next in the roadmap?

How's Shopomy services coming along?

Good luck, looks great.

Hey, there. Thanks! While we are developing the core services, marketing and outreach efforts will ramp up. These will mostly come post-phase 2, but for now I am having our current content translated into a few other languages.

The next announcement may be for a worldwide Goodomy 'Ambassador' program. 1 person will oversee the outreach efforts in each country, supported by Mayors in their cities.

Then we will be announcing partnerships with stores, etc., in each country on a regular basis. There won't be any other in crypto that will be able to match our level of partnerships.

If it was an actual roadmap, it might look more like this (all for 2018):

• Develop Shopomy website
• Develop FAQ for post-phase 2
• Determine and set up base for Ambassadors, Mayors, etc. (perhaps on a forum)
• Determine and set up Ambassador program standards, policies, and operatng principles
• Phase 2 private beta
• Publicize and add to Goodomy subreddit
• Open up Goodomy forum to public
• Phase 2 soft launch
• Find social media managers for all channels
• Publicize and add to Shopomy Facebook page
• Begin to hire first staff (HR, accounting, admin, executive, IT)
• Put Goodomy Ambassador program into overdrive
• Develop preliminary PR strategy and messaging matrix framework
• Retain professional public relations firm
• Develop message matrix with PR firm
• Re-develop Goodomy website
• First press release
• Use Ambassador strategy and knowledge for sales team to go after larger partners

Suggestions, questions, comments, etc., please let us know! Thanks for joining us :)

New Market Added!

While we await for other (larger) exchanges, please note the following new exchange for Goodomy: https://idex.market/eth/good

Here's more info on how to use it: https://www.reddit.com/r/auroradao/comments/7c3j6z/idex_user_guides_how_to_trade/?st=jcaaf0nw

Once it has more than $1,000 in volume/day for a few days I will submit the new market to CoinMarketCap (where it will take 1-2 weeks to be added), as well as the bitcointalk OP and Goodomy website. Additional token availability will also help us to get listed on the bigger exchanges.

As we have a new market today (IDEX) the release of 500,000 tokens on CoinExchange will be scheduled for tomorrow, January 12.

Price will be market + 10%

As of now, 187,519 GOOD remain on the CoinExchange markets (almost all in the DOGE market and moving quickly).

Chinese language.. done!

I've just created a new Chinese language page on Goodomy. (Translation performed by a Chinese professional translator)

http://goodomy.com/高多买-使用数字货币，堪称实体零售店的亚马逊/

If anyone would like to create a thread on https://bitcointalk.org/index.php?board=30.0 for Goodomy please reply here. Thanks!

Japanese language.. done!

I've just created a new Japanese language page. (Translation performed by a professional. Any suggestions or changes please let me know)

http://goodomy.com/グッドミー-は、30兆ドルの規模を持つ従来型小売/

If anyone would like to add to the following Japanese thread https://bitcointalk.org/index.php?topic=877.0 for Goodomy please do it. Thanks!

Korean language.. done!

Korean language page on Goodomy is complete (Any suggestions or changes please let me know.)

http://goodomy.com/구도미-는-실제-소매점을-위한-아마존입니다-디지/

If anyone would like to create a Korean thread https://bitcointalk.org/index.php?board=82.0 please make it happen. Thanks!

hey kosmot

i started a discord for karma coin just trying to help get things off the ground and attract investors. mainly because i bought some and i want to see it take off
https://discord.gg/aPGss9C

someone said you were a guy to talk to and could possibly help
looks like volume has been increasing steadily

my name on there is deviatedseptum

thanks!

Thanks for your help! Just send me more info about yourself by PM. You don't have a history here, but I at least want to see something you produced before linking :)

Also, you're currently running a Karmacoin discord, right?

Minor app release to fix the search radius: https://play.google.com/store/apps/details?id=com.shopomy

Also changed the colors of the graphics in the Play store listing.

Vietnamese language.. done!

The Vietnamese language page on Goodomy is complete. (If you have any suggestions or changes please let me know.)

http://goodomy.com/gapmay/

If anyone would like to add something about Goodomy on the Vietnamese thread at https://bitcointalk.org/index.php?topic=60101.0 please feel free. Thanks!

Kosmost, you're a machine.

It's refreshing to see a developer so committed with a solid plan of action in a sea of nonsense in the crypto space.
I'm really looking forward to see how Shopomy functions in the retail world.

Glad I stumbled onto GOOD a few months ago, which was totally by accident browsing random crypto platforms in the middle of the night. 

yes, same here..just stumbled upon it doing research of low cap coins.

otherwise you wont know about it...its not hyped or promoted at all...and that's done on purpose.

kos most has been doing alot of work, and there's still lots of to be done.

Same for me ! I think it's some kind of fate. ;-)

This project was then called GOOD KARMA, so I tried. The price was 0.00015 $ on Etherdelta !

And now I am very interested in this exciting adventure !

Thanks... I like it better than my former nickname, THE BEAST! lol

Any plans for any airdrop as part of the promotion? Also any bounties? Seems like a good project and I would like to invest some in it.

I can see frugal housewives and coupon clippers going bonkers over Shopomy in the future, especially since they can instantly add deals they find and share them with other people.

Some feature ideas to mull over:

- Leader Boards: Running leader board of who finds/posts the most deals, the best deals etc. Brings a competitive nature to the app for users. The candy crush zone. lol (could lead to spam so would need some kind of spam filtering/flagging system.) People love to compete. This could also be tied into some kind of bonus points system where people can win prizes, bonuses etc.

- Bulk Submissions: Ability for retails stores to bulk submit product inventory using database files, spreadsheets etc. Similar to CJ.com and various other affiliate systems.

- Sharing: The more ways to share deals the better, whether sharing to social media, to friends vie messages, text, youtube etc - Example, give the user the option to create a quick video of a product deal and post it right to youtube, facebook etc.

- Bounty/Incentive Program: Offer some kind of incentive or bounty to people who bring on new retail locations that submit their products. Even a basic affiliate program.

- Mascot: Geico has the Gecko...

- Luxury Section:  For the best of the best... high ticket... high value... big business... big spenders and big deals. Think yacht charters, cruises, vacation stays

That's certainly possible, and may be announced in a few months if we decide on that.

Thank you for the ideas! Ideas and suggestions will certainly help us grow and appeal to the masses. My comments:


One possible early adopter. We'll have to see the kinds of people that are downloading and using it most, but I would imagine that many different types of users would find benefit.


Good stuff. We'll see how people use it first then see what they need most.


Interesting.

Thanks again. Keep them coming!

Note that our CoinExchange wallet is now out of maintenance mode.

Many other ERC20 wallets remain in maintenance mode (due to Ethereum network congestion) so we're lucky in this way.

Happy trading!

GOOD/BTC @ https://www.coinexchange.io/market/GOOD/BTC
GOOD/ETH @ https://www.coinexchange.io/market/GOOD/ETH
GOOD/DOGE @ https://www.coinexchange.io/market/GOOD/DOGE

Also note our IDEX market (decentralized exchange) is up and running.

GOOD/ETH @ https://idex.market/eth/good

Man, Korea is going nuts over EOS today. This is just a tiny taste of what's to come this summer. (probably a lot of manipulation in there too, but still a ton of volume and interest.)

Hope EOS does everything they are trying to accomplish because it will be a great system for Goodomy/Shopomy to ride on if they do!

--
@kozia - haha, yeah, maybe it was fate. I wasn't looking for anything even remotely like Goodomy. I didn't even know what coinexchange was either. 10 satoshi when I first saw it. I'd like to revisit those prices for a minute with a bunch of bags to fill.  :D

Yeah, with a multi-billion dollar warchest for projects, I think it will be huge. (It was $1B when Ethereum was at $300. Now Ethereum is $1200+)

Rather than promote ICOs on their platform they will simply fund worthy projects. A better way to go in the long-term, I think. This will make Ethereum seem more like the Wild West and also give them some intel into potentially damaging actors (like The Dao, or even the Status.im contract that brought the Ethereum network to its knees).

The GOOD price is currently down to the price of 124 BTC. I want to buy some of these coins because if I think the price of this coin will increase after this. I see this coin is only registered in CoinExchange, is there any plan for this coin to be listed on other exchanges?

Yes, hopefully within the next 1-2 months. It's really up to each exchange, as it is in their hands now.

Our upcoming marketing efforts will try to influence this some, but whether or not it helps remains to be seen.

this looks very promising. I hope GOOD will soon be listed on another exchange. I am sure after GOOD is listed on other exchanges, the price of GOOD will increase dramatically.

Yes, but perhaps better than price is that more people would be exposed to the project if we were on a bigger exchange.

We'll see how it goes. And thanks for your support!

Hi, I like this project and would like to store some. Can I put it in myetherwallet?
a greeting.

Yes, just send them to your myeth wallet address.

To get them to show up, click on the add token option and enter GOOD's contract address and decimal count, which is:

Contract Address: 0xae616e72d3d89e847f74e8ace41ca68bbf56af79
Decimals: 6

MrUnconventional answered this already (thanks, Mr.!) but I also wanted to add that some people send a small amount of tokens to test it first, then send the rest.

Also, be sure to adjust the gas price on the lower right-hand corner of https://www.myetherwallet.com/ to fit your needs.

You can check the approximate cost and speed from http://ethgasstation.info

(For ETH transfers the gas used is usually 21000. However, tokens take up more space so are more expensive to send. The GOOD token uses about 56000 gas.)

Thanks, and please let us know should you have any other questions or concerns :)

The Monero site is easy to read and easy to navigate. The only negative I see there is the "fiverr" cartoonish icons in the video. IMO, that cheesy cheap looking stuff should be avoided.

If you are looking for layout ideas, one great way to get a good look at a lot of design options is to browse through some of teh theme market place sites like theme forest. These are for wordpress, but there are bootstrap and plain web layouts as well.
https://themeforest.net

Just one example of many.

Yeah, I was more referring to the layout and use of neutral colors.

In the next few days we might be putting together a small team to help build the new Goodomy website, among other tasks.

Thanks for your feedback!

Join the GOOD Team!

As we have been discussing on our Telegram (https://t.me/Goodomy_community), I have been considering two pathways from this point for our growth and future:

Option #1: work on putting a solid team together + with a focus on social media and marketing + with a goal of getting onto a bigger exchange + later release of Shopomy app (April/May, due to revised schedule)

Option #2: continue as we are + with a Q1 release + with bigger exchange(s) coming a bit later + new Goodomy website coming after release

After considering these two options I have decided that a 3rd, hybrid option is best. We will

• Form a team, starting now
• As we get the team organized, revamp the Goodomy website
• Focus the team on social media and marketing in 4-5 languages
• Set tasks and goals regarding new and bigger exchanges
• Prepare for the production release of the Shopomy app

App development will continue as normal, but on a later schedule due to the above, making sure we have a solid team with systems in place, helping with tasks as needed, etc. Depending on how efficiently the team gets together and works on tasks, the app release would be an additional 2-8 weeks.

The benefit of an increased social media and marketing effort is that more people will be exposed to the project and value of the Goodomy token. This will also widen the net of potential team members who can help get stuff done and make this project a tremendous success. Being on a larger exchange sooner will also allow more community participation and activity, as well as allow us to maximize the effectiveness of news releases and announcements. If we release the flagship product with only 1 exchange, the exchange's servers may be overloaded (as we recently saw with ExperiencePoints, their main exchange being CoinExchange).

The new GOOD team will consist of a:

• social media and marketing group (with 2-3 for English language, 1 for Korean, 1 for Japanese, and 1 for Chinese languages, and others if needed)
• web developer, for the new Goodomy website
• branding expert (to find the right look and feel for Goodomy and Shopomy)
• other roles as needed

To join the GOOD team, just reply to me via PM with your email (for the invitation to Asana, if accepted) and answers to the following questions:

1) who are you and what do you have to offer Goodomy?
2) why would you like to join the team?
3) what successes have you had before?
4) how do you expect to benefit by being a member of the team?

Please note that there are a limited number of seats at the table, so don't take it personally if you're not accepted. There may be spots opening up in future.

What to Expect

For those that are accepted, please note that non-productive team members will be cut (without hesitation) so that others may take their place. The team won't be a place to just talk about stuff, but actually getting it done. If you're not productive, don't know how to communicate well, or aren't comfortable working in a business environment, the GOOD team is probably not for you.

Once you've been accepted, get to work! Don't wait around for someone to tell you what to do. You will be *judged* based on your productivity and effectiveness. We will be spending at least a couple of days in the beginning on some general guidelines for the team as well as structure and how tasks should be performed, planning out what needs to be done, defining goals, assigning tasks, and other prerequisites.

As you communicate, suggest, perform and complete tasks, etc., you are helping to define your role. Your 'role' in Goodomy will depend entirely on your effort and ability to execute.

Exceptional team members may be considered for salaried positions in future, or other considerations.

We're building from the ground-up, so again don't assume that things will just fall into place. You've got to make it happen :)

Thank you to whomever paid $10 on our Community Distributed Invoice for a new logo. https://goodomy.avaza.com/invoice/webview/103091?key=ductoicohiarspgofcns

Your help is greatly appreciated!

(And we should have an official logo soon. Potential designs will be updated here.)

A shout-out to Chamath for having a can-do attitude and being the first member of the GOOD team!

He's already provided us a framework for our social media and marketing campaign.

Join us! The journey of a trillion dollars starts right under your feet :)

You're welcome... figured I'd try and get the ball rolling.

Avaza looks pretty slick. Have you been using it long and do you have any complaints?
Seems like it's streamlined. I'm annoyed at all the bloated SaaS's out there trying to justify premium costs with useless features. /end rant  ;D

Thanks again. I've played around with it a bit but it's more as a time tracking tool. It has some task features but not an activity feed or other features a team might need.

For what it is, though, it's pretty good.

Look good to see some real development around this coin. I hope you are still releasing five hundred K coins  in every 2 days.
best of luck for this project. I will  always like to contribute in this project.

Thanks. Yes, every three days about.


Why not join the team and help out?

Why is the real name of this Good-Karma? Is it not better to take the name goodomy. Its a bit confused that the name from the coin has different names between exchanges/coinmarketcap and etherscan.

Hi. The name of the contract (which cannot be changed) is Good Karma, our old name.

Once we create a new contract (or change to the EOS platform) we would need to perform a swap of tokens.

I agree that it is confusing, but actually you're the first that's asked about it. Howver, the updated contract (and swap) is in our plans.

The new Goodomy website is scheduled to be ready by February 1.

The design and elements are more like Dash and some of the best and biggest cryptos. I think it will open us up to a much wider community.

Also, a new Goodomy logo. For the logo, I was thinking clean and green and good as an icon for CMC and exchanges. Probably something like

https://i.imgur.com/4AxUzYA.gif

but it's important to test with our target market to see how it might appeal to them.

Alternatively I was thinking to do a 99designs contest (as we did for the old Karmacoin logo and Monero had done, as well as some other cryptos) but simple and bold might end up being the best choice anyway, for an icon at least.

Please not that CoinExchange has been experiencing some DNS issues as per their Twitter: https://twitter.com/CoinExchangeio

Supposedly on the 16th someone sent out spam emails with their name, which was picked up by SpamHaus. (This shouldn't trigger it, so maybe they don't have complete info.)

Hopefully it will be back online soon.

Meanwhile, to get good see our IDEX market https://idex.market/eth/good

update from coin exchange from there twitter account.

Nothing has changed other than the URL.
We will be using this until the DNS issues are resolved.

http://coinexchange2.com

Thank you for your patience and support! 👨‍💻

Thanks!

Direct links

GOOD/BTC @ https://www.coinexchange2.com/market/GOOD/BTC
GOOD/ETH @ https://www.coinexchange2.com/market/GOOD/ETH
GOOD/DOGE @ https://www.coinexchange2.com/market/GOOD/DOGE

CoinExchange markets are back online!

GOOD/BTC @ https://www.coinexchange.io/market/GOOD/BTC
GOOD/ETH @ https://www.coinexchange.io/market/GOOD/ETH
GOOD/DOGE @ https://www.coinexchange.io/market/GOOD/DOGE

Please note that, per the below-quoted message, all unproductive team members will be removed from the team in order to make room for new, productive team members.

(Nothing personal. Just business. Thanks for your understanding.)

Please note that the GOOD released to our IDEX market will be re-priced as follows, in anticipation of our new website, marketing initiatives, and approach to launch:

Current GOOD/ETH price on CoinExchange: 0.00001511

New GOOD/ETH price on IDEX: 0.0002304068

Please DO NOT buy on our IDEX market yet at these prices. They are placeholder prices that are about 1,500% higher than today's market price. Our IDEX market has seen 0 action from the beginning, so I don't anticipate any for the next couple of weeks as we ramp up our marketing and promotion efforts (and, of course, release the flagship).

The revised IDEX price is in line with our market peers on CoinExchange (as we get out of stealth mode and reveal our colors), in the $80-120M market capitalization range.

If you want tokens at a 'good' price, please go to our CoinExchange markets:

https://www.coinexchange.io/market/GOOD/BTC
https://www.coinexchange.io/market/GOOD/DOGE
https://www.coinexchange.io/market/GOOD/ETH

Thanks :)

Is Team formation is complete now or you still looking for the team members.

It's never complete :)

The new website is coming along nicely and is nearly complete.

ETA is February 1, 2018.

Planned languages at launch (besides English, of course):

Korean
Chinese
Russian
Japanese
Vietnamese

New user value proposition, logo, roadmap, and more.

Sit tight!

Just an update.. the new website will be launching in less than 24 hours.

Congrats to the new page, looking better than before ;)
I never saw such a detailed roadmap...

I'd recommend Spanish as next language, with about 400 million speakers it's one of the most important languages.

The new website has been launched! http://www.goodomy.com

We now have the following additional languages:

Chinese
Japanese
Korean
Vietnamese
Russian

Our work has really only just begun. Now we will start promoting Goodomy... in all 6 languages!