On March 17th I will announce 20 BTCs worth of bounties.

Whoa... 20 BTCs?
Yes, that's right. But we need your help  

I personally with be donating about 5.5 BTCs for bounties. I will ask for the community's help funding the remainder. You can either 1) sponsor a bounty in your own name and I will add you to the post on Reddit; or 2) we'll find a way to aggregate your contribution with others.

If #1 is your option then you can choose to offer KARM or BTC.

Why are we doing this?
One of the strongest ideas of Karmacoin, I think, is the ability to provide incentive for people to do go and reward those who have done something good.

But before we get there, we need to provide our own incentives. We need Karmacoin services right now. What better way to find out how our own system will work than to use something like it in our development to foster a sense of community and to get things done at the same time?

Here is a partial list of projects for which bounties can be offered:

• YouTube/Google+ tipbot
• web wallet for the casual user
• QT wallet UI redesign
• QT wallet programming to incorporate redesign
• online wallet generator
• web donation widget for any website
• functional android wallet
• subreddit header with dynamic price and volume, like Vertcoin or Potcoin
• start 1-page Wiki of at least 500 words on the subreddit
• a good game

Bounties will only be paid upon the successful completion of the project. This means whoever finishes it first gets the bounty. Each task is worth something different. Some may have a small bounty (like the 1-page wiki), just to get it started and done quickly so that people know we're serious.

What do you need from me now?
Just your ideas. Then on March 17th you can start donating for the bounties or sponsoring a bounty of your own. I'll post the same to the r/karmacoinproject thread so those that have access to it can help to spec out some of the requirements for tasks.

Why BTC and not Karmacoin?
If we offer BTC then we're opening up the contest to everyone. Many developers don't want to work for a coin for only payment in that coin.  Having the prize in BTC opens up the contest to more claimaints and provides a seemingly predictable bounty value.

It's too much!
Let's think about this from an economic perspective. Let's say you really believe in Karmacoin and have accumulated about 1 BTC's worth of it over the past few weeks. You can sit and watch it hover somewhere under 5 satoshis for a while, if we don't continue developing Karmacoin. But, if you add, say 0.1 BTC to the bounties and we end up with enough to do lots of great things your coins will be worth a whole lot more.

If we do the above for ~20 BTCs, the value of your coins could increase 10-20x over the next 2 months because Karmacoin is becoming tremendously awesome and useful. Your 0.1 BTC donation has helped to increase the value of your coins, now worth 10-20 BTC each. A good investment, indeed.

Think about it for a few days and then you'll know how much to donate/sponsor.

Why don't we get community talent to do it?
When people have incentive to do something then it is done with greater attention, and much faster than if they had only recognition for their work. It would be better if that wasn't the world we live in but I suppose we've been conditioned that way. We all need a little push sometimes. Even developed coin communities have trouble finishing a software task in good time. We can pool our resources together in order to substantially increase the value of our community and coin and get more things done in less time. But if a community member is the first to finish the task, then they can claim the bounty.