There have been several fly-by-night coin scams these past few years and the people behind those schemes made off with a tremendous amount of money.
With serious money invested and injected into these schemes, due diligence, transparency and genuine verifiable names are mandatory. Evading requests for such information makes these projects highly suspect.
I remember an Indian scammer who had a similar thing going on on this forum and one day he disappeared with a scandalous amount of money. Amazing.. the ingenuity and sophistication of these scams.
Certainly. But if I may, a rhetorical question. Say there was someone whom you've never met before who bumped into you at the grocery store and accused you of sexual harassment. You know for a fact that such contact never occurred and it could be proven after a simple cursory inspection of the security tapes. This person continued to follow you around the store shouting, "pervert! this guy grabbed me!" Other shoppers look to you with suspicion because, well, obviously if someone said something it must have some merit, right?
As you were making your way out of the store to get away from this person they asked, "What is your name?"
If you do not answer them, would you be "evading" the question? Those shoppers who were nearby knew that nothing happened, but still the person continued to insist that sexual contact did indeed occur.
I have a long history with Karmacoin and thensome. You can take a random hit at any one of my thousand+ posts to see my character. I will provide more information when I am ready, if necessary. Right now, I prefer to focus on adding value to Good Karma.
If money was what I was after, it would not make sense for me to try to lower the coin price, as I have done on 2 occasions since the coin launched a few weeks ago (because I thought the price was too high) in big red letters. Furthermore, anyone who knows my history with Karmacoin knows that I have spent a significant amount of money trying to help the coin and community grow (legal costs for incorporation and trademarks, design costs for a professional logo, servers, bounties, hiring Hiro to transition successfully to X11, hiring a consultant, etc, etc). Of course I would have benefited from any rise in Karmacoin's price, but I did these things without expectation and to actually try to do something good for the community, rather than just hope that something good would happen.
Slow and Steady Wins the race....
A high price is good (and desired, eventually) but for now it is a bit premature. To whomever has the coin listed at .01 ETH, you're perfectly welcome to list at whatever price you want in the free market but a nice, slow and steady progression may benefit the community as a whole.
There were two trades today at nearly 800x yesterday's price (a gain of 80,000 percent day-on-day). Slow it down, folks!
Moderate growth is best! Perhaps let's get the price down a bit so that more people can buy in if they want?
I have also been entrusted with
8 billion Karmacoin coins, worth about $240,000 during the Karmashares launch. 100% of coins were returned, by the way. Anyone that is quick to scream "scam" just because GOOD is not a non-profit and functions like other tokens (!) should spend a bit more time doing research, in my opinion.
Regardless, it would not be wise to consider any coin/token an investment. It is speculation. Assume you will lose everything and you'll be fine. In this environment, nothing is owed to anyone, and nothing is a given.
That this topic continues to waste so much previous time is kind of sad.
