Just sent 10 mil from K9he2DYcDTRs8X5ZFUk8Rv1AtcFH9insrZ
hope it all goes well, it looks like a new interesting concept.
It is really an interesting concept with a lot of potential.
And I honestly believe that all cards are being played well so I see no reason for not having at least a moderate success.
At the current price of Karma coins (so cheap!) it looks really a very small risk compared with the possible (probable?) outcome.
:-)
Well thats what I figure, I have always thought of the coins like little business start ups anyway so this just reenforces that. All of the successful coins should allow for an IPO in the shares of that business then pay a dividend to the holders. This is beneficial for both parties in many ways.
My only question is... And it may be a stupid one but... What happens to all of the KARM you are taking in?
Also I notice some one is trying to keep the price down on mintpal.
The Karma will be used very spariingly (if at all) until we have a system in place where the shareholders can vote on how to spend it.
I'm thinking that we could mostly use it to reward those projects that have some momentum or success. For example, if we build a website that is gaining users rapidly then spending X karma on it could be justified. But this is something the community can decide at the time.
We could even experiment with internal 'X' prizes. e.g., "The team that builds a site and reaches 5,000 users first gets xxxxxx Karma to split among them.
We can show results first and then think about how to spend it. If we need operational funds then we could release very little at a time into the market. But again, the community would decide this.
Yes, it appears that some whales have been trying to load up on Karma for a while now. (Wolong at work again?) The downtrend a few days ago was the perfect opportunity, I think.
Hmmm I think that sounds like a good idea, the only thing I don't want to happen is those karm get dumped on exchanges. There are 49,105,034,065 KARM at this moment in time, I would like to know how much has been taken out of circulation from this at the end. I am pretty sure I saw something like a total amount when I made my purchase.
Is Karm wanting to go down the fund raising/charitable giving side of things? I know a few good stores in the media at the moment that would pick up on a KARM donation and run with the story....
It don't think its wolong haha we would have seen a huge spike by now. I managed to get into Karm when they were selling them at 1 satoshi and closing all of the BTC channels. I made another purchase yesterday at 34 and 33
I am tempted to try and lift the market and out do this whale.
Coins exchanged until last update
7,617,720,383.40 - this is incredible success IMO. And remember that more quantum periods are coming. Who would believe that 3 weeks ago? Whales are always going to be here. BTW how do you know that Woolong has his eyes on Karma? I think that if he wants to point a direction we shall see really big amounts of trading.
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I am not that Good yet :p
