[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good

[ShawnLeary]

use that Karmacoins for condoms. I hate people using children as a shield. If you believe in karmacoin, just take 500 USD and buy some. After time you may have much more.. or maybe not.

Better to raise the economic level of a country rather than give handouts to the bottom, but, if we can help an acute crisis situation reverse course quicker, I am all for it.

I think charities are missing out by not grabbing a hold of BitCoin, this is where Karma will succeed.

[Alphi]

use that Karmacoins for condoms. I hate people using children as a shield. If you believe in karmacoin, just take 500 USD and buy some. After time you may have much more.. or maybe not.

if you really think condoms are going to stop the need for children's charities, I would encourage you to educate yourself and watch this documentary produced by the BBC.

Don't Panic - The Truth About Population
http://www.youtube.com/watch?v=1nvdeEi2mEc

hopefully the statistics in this documentary will help open your mind and you will see that poor people having too many children is nolonger the cause of the worlds population increasing.
there are so many old stereotypes and preconceptions being perpetuated by people in the media who have little or no understanding about how the world actually is.

the task ahead of us is to try and lift 1 billion people from below the extreme poverty line of $1 per day and empower them to be able to support themselves..
this is something that KarmaCoin (and other altcoins) can support and I believe will help to achieve through micro-lending, micro-crowdsourcing and education.

we live in exciting times... that documentary gave me more hope for the future.. so lets build on the positive sentiment and create something truly remarkable.

Alphi.

[btcforthefuture]

This coin is ruined by the 100 billion coin amount.
You cant trade a coin where you have to wait days to get your orders filled.
It would be best if mintpal adds a karm/ltc market so this coin can be traded again.

[pabloangello]

Why are you talking about the United States!!!??? This is a richest country in the world !!!! Use Google. You can See that in India children die every day from hunger. In India, 30 children live in a one little room!!! LET'S BUILD OR BUY A NEW ORPHANAGES IN HONOR OF KARMAKOIN. IT WILL BE SENSATION IN THE WORLD. YOU CAN VISIT MY OFFICE IF YOU WILL BE NOT FAR FROM ME. I'll GLAD TO SEE GUESTS.

   

Quatar is the richest. US is on 6th place.

[kosmost]

I really think the power of Karmacoin is to empower people to do good and better themselves rather than, as Dogecoin is doing, just giving money to causes.

Teaching someone how to fish vs. giving them fish

Giving money to causes is good, yes. Where would humanity be without altruism? But in a lot of case, I think, donating is a temporary solution or just a bandage.

Not to knock Dogecoin, but the only project that comes close to have real global impact is "Doge 4 Water". This project aims to build 2 water wells in Kenya at a cost of about $34,000. It's a good start, but it won't have any real global impact.

Their goals are:

• build two (2) drilling wells in Kenya
• provide access to water
• provide tools to retrieve and store water

But why not, instead, train people how to repair broken water pumps instead of spending money to build new ones? The New York Times looked at the issue of maintaining water pumps http://opinionator.blogs.nytimes.com/2011/12/13/to-maintain-water-pumps-it-takes-more-than-a-village/?_php=true&_type=blogs&_r=0

The question is, who will pay to maintain these wells and pumps when they break? Who will train people in the surrounding communities how to use them properly?

"...governments and charitable groups install water pumps, well and other village water systems, but pay insufficient attention to keeping them running. Surveys show that between 30 and 40 percent of water points in rural Africa are out of commission. Many will never be repaired."

I have a close business associate in Kenya and he assures me this project won't work. It will also not benefit that many people. Who will police the well if the local mafia takes it over and charges exorbitant rates? This reminds me of all the clothing donations from rich countries that are sent to Africa that end up being hijacked and sold at markets at 100% profit instead of given away to those that need them.
 
Let's take a look at how Karmacoin could do it:

• for 10% of the cost, hire 5 people to go around Kenya for 6 months to different villages to train the locals how to repair their pumps
• contract with a Chinese factory to deliver something like Lifestraw for about $1.50 per unit (there are already a number of factories that can do this)

These solutions are cool and sexy and they probably wouldn't get much attention, which is what we need to really grow our community. But I think there are ways to make it interesting.

[Alphi]

But why not, instead, train people how to repair broken water pumps instead of spending money to build new ones? The New York Times looked at the issue of maintaining water pumps http://opinionator.blogs.nytimes.com/2011/12/13/to-maintain-water-pumps-it-takes-more-than-a-village/?_php=true&_type=blogs&_r=0

these are the kind of guys you want

http://www.potterswithoutborders.com/

they teach people how to make ceramic water filters using pottery techniques that can be used anywhere.
in most cases the problem is not access to water.. its access to clean water.

once people have access to clean water a whole host of health risks are also eliminated.

[zjtwohaha]

I think karmacoin should try to cooperate with some famous charity institutions to increase its influence. It's a very creative idea in charity field. I hope U can succeed and help more and more people.

[kosmost]

This coin is ruined by the 100 billion coin amount.
You cant trade a coin where you have to wait days to get your orders filled.
It would be best if mintpal adds a karm/ltc market so this coin can be traded again.

If you want to buy @ Mintpal at 1 satoshi, sure you have to wait in line. The orders go in queue if there are already buy orders at that amount.

Buy @ 2 satoshi like a lot of other people are doing (check trade history) and get it pretty much instantly.

I think the maximum 75 billion coin amount will work to our advantage.

I also think the current 1 satoshi price will work to our advantage, as it will distribute the coins more equally.

Any price below 10 is good right now, I think. 1 satoshi is a steal.

[Invisible Hands]

Friendly reminder, halving occurs at block 50000.  This should occur tomorrow I believe.

[Varvarin]

Friendly reminder, halving occurs at block 50000.  This should occur tomorrow I believe.

25 hours roughly. Lets see what happens.

[chdolar]

Nothing at the moment of halfing. coins that are on exchanges were mined before. there will be less mining, b/c it gets harder. When coins at 2 are dried up, it will begin to rise. slowly. except something unexpected happens, lioke a pump or some market moves awaiting cryptsy or whatever. 

[chdolar]

i just hope that everybody's patient enough to await this, not moving sell orders lower.... maybe even higher because they see a chance of making money

[BitTanker]

go! karma go !

[cryptowho]

it is hard to be a karma millionare via mining now with the current hashnet work. soon within 24 hrs it will be even harder. Imagine how much harder it will be if the network come back up. 

safest way is to buy while it is still low. Invest now before that becomes too late as well. And only invest what you can afford. : )

[kahir]

This coin is ruined by the 100 billion coin amount.
You cant trade a coin where you have to wait days to get your orders filled.
It would be best if mintpal adds a karm/ltc market so this coin can be traded again.

If you want to buy @ Mintpal at 1 satoshi, sure you have to wait in line. The orders go in queue if there are already buy orders at that amount.

Buy @ 2 satoshi like a lot of other people are doing (check trade history) and get it pretty much instantly.

I think the maximum 75 billion coin amount will work to our advantage.

I also think the current 1 satoshi price will work to our advantage, as it will distribute the coins more equally.

Any price below 10 is good right now, I think. 1 satoshi is a steal.

LOL ... guy who buys in one ... tells you to buy at 2 ....sounds logical

[pugwilfy]

he's telling to buy at 2 for the impatient ones who cba to wait.. and also to try and promote a price rise

[cryptowho]

We need a Karmacoin tip bot. 5million or more bounty!!

http://www.reddit.com/r/Karmacoin/comments/200klk/looking_for_some_one_to_set_up_a_karmacoin/


Help spread the word!

[kosmost]

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.

[BitTanker]

great news 

[kosmost]

Any ideas on how much of a bounty for each one?