[ANN][KARM] Karma / ₭ / X11

[bignev]

I've already said I can bring 60 new people into this community. This would give the coin an enormous boost. I ask for the community to support this by donating 1M Karma to each of the new people.

I would support a twitter tipping campaign out of my own kick. This would bring in dozens more people.

Is there a working twitter tip bot?

I appreciate that being new on here people may be sceptical but this can happen straight away and I'm not asking you to send me the coins.

Is the Karma community interested in this? If not I won't ask again and I'll find another coin

Why 1 million coins not 100,000 or even 10,000? 10,000 of anything sounds like a lot to me.

I think 1 million is a fair amount with a 92B coin cap

Fair? To who? Why is it fair to give them any? They don't know the coin cap. That number is outdated by the way.

Look at this:
https://chainz.cryptoid.info/karm/#!rich

Assuming each address is a different person, over 10,000 people share less than 2 billion coins between them. That's 200,000 each. Realistically most those addresses probably have less than 20,000 Karma on them. Those people probably mined or purchased those coins.

I understand your concerns and your point is fair. However, 1M Karma are worth about $1.25 at the moment.

Do you think 60 new members who will be keen to help the coin are worth $75? I'm not being confrontational when I ask this. It's a genuine question.

I would lead the new members myself and organise them. They will promote the coin on twitter/fb etc. It's not just about that though. It's about bringing in a load of new people to Karma and crypto.

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[kosmost]

Not really talking in circles at all -- I'm trying to slice through the spin and the arm waving...

All law is based on opinions and precedent.

I asked my law firm for an opinion -- they gave one and cited precedent -- the facts are against you at the moment -- that your "member managed llc" -- is so thin and it's obvious from the level of skill demonstrated here in the forum that your "members" are not sophisticated investors.  I'm certain that your market cap is too small for the SEC to get involved at the moment until enough of your fanbase turns on you and starts filing complaints with the feds.

I'm actually on your side -- I think if it what you were doing was actually sanctioned by the SEC that you'd have a great model for crowd-funding-equity -- but all I see is wishful thinking...

"HOPE IS NOT A STRATEGY"

Do you have links to actual legal wording on the subject, as I have already provided to you?

I don't really care to dance

[socoban]

@ socoban - New Leader of KARMA! No kidding!

I nominate Socoban for build a new team to bring KARM back to life.
He has a clear view on whats going on since launch with KARM
Technical skills
He`s still here after all

Thanks guys, but I am not the right person for any leadership here. I am considered troll here, I have insulted at least 2 people in this thread. Many people do not like me and do not like how I act. Because I usually do not tell people what they want to hear. I would gladly help, but KARM does not need leader like me, it needs group of smart people, with good behavior who will help. I am willing to donate some KARM in case someone very skilled with long trusted history on this forum will join KARM dev team. I do not want to be part of core team, I am not heavily loaded with KARM, since I dumped after lill.com scam was revealed. But I will help for sure, in case I see people are willing to save this coin. I think we just need to keep KARM alive for next few months, than I expect big hype and everything will change. Lot of newcomers will come. So few small goals and some hard work can easily keep Karm alive.

[Chargin]

I've already said I can bring 60 new people into this community. This would give the coin an enormous boost. I ask for the community to support this by donating 1M Karma to each of the new people.

I would support a twitter tipping campaign out of my own kick. This would bring in dozens more people.

Is there a working twitter tip bot?

I appreciate that being new on here people may be sceptical but this can happen straight away and I'm not asking you to send me the coins.

Is the Karma community interested in this? If not I won't ask again and I'll find another coin

Why 1 million coins not 100,000 or even 10,000? 10,000 of anything sounds like a lot to me.

I think 1 million is a fair amount with a 92B coin cap

Fair? To who? Why is it fair to give them any? They don't know the coin cap. That number is outdated by the way.

Look at this:
https://chainz.cryptoid.info/karm/#!rich

Assuming each address is a different person, over 10,000 people share less than 2 billion coins between them. That's 200,000 each. Realistically most those addresses probably have less than 20,000 Karma on them. Those people probably mined or purchased those coins.

I understand your concerns and your point is fair. However, 1M Karma are worth about $1.25 at the moment.

Do you think 60 new members who will be keen to help the coin are worth $75? I'm not being confrontational when I ask this. It's a genuine question.

I would lead the new members myself and organise them. They will promote the coin on twitter/fb etc. It's not just about that though. It's about bringing in a load of new people to Karma and crypto.

I think they are worth much more than that. I don't think the amount you give them will make a difference though, you could give them a million or 10,000, it will work out the same.

You've already been told which tipping apps are available. Give them 6 million of your own Karma (I believe you have previously said you'd give away 10 million of your own Karma) and I'll send you 6 million Karma to do whatever you want with if I see them using it. They will appreciate it more if it is your Karma you gave them instead of a strangers.

Chargin.

[McHammer]

Many more people would have sold because of this (even those that wanted to keep the coins.)

i wanted to hold but i had no choice lol
still lost 900% ?!
dont know
fuck u devs

[kosmost]

Many more people would have sold because of this (even those that wanted to keep the coins.)

i wanted to hold but i had no choice lol
still lost 900% ?!
dont know
fuck u devs

You only lost because you sold. (Did the mafia come and hold a gun to your head?)

If you kept your coins you would.... still have the same number of coins.

Those who count their chickens before they hatch really need a more steady hand.

If you have not sold, you have not lost/gained anything until you sell and convert.

It's funny that you haven't cursed the Litecoin devs. You would have more $ then if LTC didn't decrease so much, right? (why don't people talks about this, then?)

[socoban]

Many more people would have sold because of this (even those that wanted to keep the coins.)

i wanted to hold but i had no choice lol
still lost 900% ?!
dont know
fuck u devs

You only lost because you sold.

If you kept your coins you would.... still have the same number of coins.

Those who count their chickens before they hatch really need a more steady hand.

If you have not sold, you have not lost/gained anything until you sell and convert.

It's funny that you haven't cursed the Litecoin devs. You would have more $ then if LTC didn't decrease so much, right? (it's funny that no one talks about this)

This is 100% proof you are the biggest asshole I know

[Maurizio]

@ socoban - New Leader of KARMA! No kidding!

I nominate Socoban for build a new team to bring KARM back to life.
He has a clear view on whats going on since launch with KARM
Technical skills
He`s still here after all

Thanks guys, but I am not the right person for any leadership here. I am considered troll here, I have insulted at least 2 people in this thread. Many people do not like me and do not like how I act. Because I usually do not tell people what they want to hear. I would gladly help, but KARM does not need leader like me, it needs group of smart people, with good behavior who will help. I am willing to donate some KARM in case someone very skilled with long trusted history on this forum will join KARM dev team. I do not want to be part of core team, I am not heavily loaded with KARM, since I dumped after lill.com scam was revealed. But I will help for sure, in case I see people are willing to save this coin. I think we just need to keep KARM alive for next few months, than I expect big hype and everything will change. Lot of newcomers will come. So few small goals and some hard work can easily keep Karm alive.

Dear socoban I don`t nominate you for leader, I nominate you to build a team with trusted members
and find a way to work out a clear concept and more transparency in the team.

[bignev]

I think they are worth much more than that. I don't think the amount you give them will make a difference though, you could give them a million or 10,000, it will work out the same.

You've already been told which tipping apps are available. Give them 6 million of your own Karma (I believe you have previously said you'd give away 10 million of your own Karma) and I'll send you 6 million Karma to do whatever you want with if I see them using it. They will appreciate it more if it is your Karma you gave them instead of a strangers.

Chargin.

My apologies, I didn't see that someone had confirmed there was a working twitter tip bot.

Thanks for taking the idea seriously and offering a significant amount of coins towards it.

Perhaps your idea of doing a giveaway myself first before receiving donations from members of the community is the better one. I'm just not sure yet if Karma will be that coin after all the drama of the last few days and the coin's current instability. There also has to be willing from a coin's community before I move forward. 10,000 Karma per new member is not going to cut it.

60 new active members would breathe life into almost any coin. This shouldn't be me trying to sell my idea to the Karma community (although I appreciate being a new member I have to sell myself to you all a bit). The Karma community should be keen to bring in new people - especially now.

I appreciate your replies and look forward to any other members adding their thoughts

[Maurizio]

How stupid I am with a head full of greed.
Never sold in the hypes cause of the: hold a minimum amount of 10mill or more to get
your cut from the LLC. An I am sure many mill and billions were
in the wallets cause ot that. Free road to dump for insiders at high prices.

[TheLittleDuke]

Not really talking in circles at all -- I'm trying to slice through the spin and the arm waving...

All law is based on opinions and precedent.

I asked my law firm for an opinion -- they gave one and cited precedent -- the facts are against you at the moment -- that your "member managed llc" -- is so thin and it's obvious from the level of skill demonstrated here in the forum that your "members" are not sophisticated investors.  I'm certain that your market cap is too small for the SEC to get involved at the moment until enough of your fanbase turns on you and starts filing complaints with the feds.

I'm actually on your side -- I think if it what you were doing was actually sanctioned by the SEC that you'd have a great model for crowd-funding-equity -- but all I see is wishful thinking...

"HOPE IS NOT A STRATEGY"

Do you have links to actual legal wording on the subject, as I have already provided to you?

I don't really care to dance

I'm not a lawyer, nor do I play one on TV ;-)

But what I do have 25+ years of building and running businesses in addition to an MBA

What I provided was the legal opinion of one that cited case law examples.

What YOU need is to pay your own lawyer to provide you with an opinion -- or better yet, get an exemption letter from the SEC and FINCEN.  That way if you get sued you have some basis for your assertion.

In addition to the whole unregistered security issue, the LLC doesn't really appear to be member-managed at all -- but rather manager-managed.

If a member wanted to come and inspect the books as well as the meeting minutes, where would one go?  By law you have to have paper copies available for inspection by the members during reasonable business hours and make available for nominal fee the ability to make copies of same or permit them to make copies by their own method.

[altcoingood]

Many more people would have sold because of this (even those that wanted to keep the coins.)

i wanted to hold but i had no choice lol
still lost 900% ?!
dont know
fuck u devs

You only lost because you sold.

If you kept your coins you would.... still have the same number of coins.

Those who count their chickens before they hatch really need a more steady hand.

If you have not sold, you have not lost/gained anything until you sell and convert.

It's funny that you haven't cursed the Litecoin devs. You would have more $ then if LTC didn't decrease so much, right? (it's funny that no one talks about this)

This is 100% proof you are the biggest asshole I know

I'll quote this for emphasis.

I also had a post deleted by an admin, it was a picture of Patrick Bateman from American Psycho laughing and giving zero fucks because he lacks empathy... Make up your own mind about why I posted it, some moderator deemed it off-topic for this thread.

Anyway.... that is all.

[kosmost]

Not really talking in circles at all -- I'm trying to slice through the spin and the arm waving...

All law is based on opinions and precedent.

I asked my law firm for an opinion -- they gave one and cited precedent -- the facts are against you at the moment -- that your "member managed llc" -- is so thin and it's obvious from the level of skill demonstrated here in the forum that your "members" are not sophisticated investors.  I'm certain that your market cap is too small for the SEC to get involved at the moment until enough of your fanbase turns on you and starts filing complaints with the feds.

I'm actually on your side -- I think if it what you were doing was actually sanctioned by the SEC that you'd have a great model for crowd-funding-equity -- but all I see is wishful thinking...

"HOPE IS NOT A STRATEGY"

Do you have links to actual legal wording on the subject, as I have already provided to you?

I don't really care to dance

I'm not a lawyer, nor do I play one on TV ;-)

But what I do have 25+ years of building and running businesses in addition to an MBA

What I provided was the legal opinion of one that cited case law examples.

What YOU need is to pay your own lawyer to provide you with an opinion -- or better yet, get an exemption letter from the SEC and FINCEN.  That way if you get sued you have some basis for your assertion.

In addition to the whole unregistered security issue, the LLC doesn't really appear to be member-managed at all -- but rather manager-managed.

If a member wanted to come and inspect the books as well as the meeting minutes, where would one go?  By law you have to have paper copies available for inspection by the members during reasonable business hours and make available for nominal fee the ability to make copies of same or permit them to make copies by their own method.

The LLC doesn't pay (or provide benefits to) anyone to manage the LLC, so is therefore not manager-managed. If kosmost manages the LLC then it is still member-managed. From early on I have noted my intention not to take any special benefits for myself or anyone else to help with Karmashares, and none has been received.

The actual coding of the law is important, not just "opinions" and such. Law is based on code, not opinions. Law is codified so people like you and I (or lawyers and judges) can reference or interpret them. You only need the internet and a pair of eyes to read it.

Furthermore, the state in which the LLC operates is also important, as there are additional laws that can apply in matters where Federal law does not.

Regardless, I'd rather discuss the future of Karma and work on a proper transition and discuss such matters with legal counsel unless we can here uncover something more substantive.

[bondi]

I've already said I can bring 60 new people into this community. This would give the coin an enormous boost. I ask for the community to support this by donating 1M Karma to each of the new people.

I would support a twitter tipping campaign out of my own kick. This would bring in dozens more people.

Is there a working twitter tip bot?

I appreciate that being new on here people may be sceptical but this can happen straight away and I'm not asking you to send me the coins.

Is the Karma community interested in this? If not I won't ask again and I'll find another coin

I can donate 1mill to this but I think it should be donated about 100.000 max to new people.
I know what you're saying about donating 1 mill to each new member but I think 100.000 may be enough and we can attract a lot more people.
Just a thought...

[kosmost]

I can donate 1mill to this but I think it should be donated about 100.000 max to new people.
I know what you're saying about donating 1 mill to each new member but I think 100.000 may be enough and we can attract a lot more people.
Just a thought...

Recruiting 2 people who need Karma is worth more than 100 people in the crypto community, perhaps.

I doubt if Karma will grow much without the people who need it.

[bondi]

I can donate 1mill to this but I think it should be donated about 100.000 max to new people.
I know what you're saying about donating 1 mill to each new member but I think 100.000 may be enough and we can attract a lot more people.
Just a thought...

Recruiting 2 people who need Karma is worth more than 100 people in the crypto community, perhaps.

I doubt if Karma will grow much without the people who need it.

We need people in crypto community to be able to introduce Karma to those who need it.

[ptman]

I can donate 1mill to this but I think it should be donated about 100.000 max to new people.
I know what you're saying about donating 1 mill to each new member but I think 100.000 may be enough and we can attract a lot more people.
Just a thought...

Recruiting 2 people who need Karma is worth more than 100 people in the crypto community, perhaps.

I doubt if Karma will grow much without the people who need it.

That is true.

Do you have ideas/plans that you want to share with us about how to recruit people that need the coin?

[bignev]

I can donate 1mill to this but I think it should be donated about 100.000 max to new people.
I know what you're saying about donating 1 mill to each new member but I think 100.000 may be enough and we can attract a lot more people.
Just a thought...

Recruiting 2 people who need Karma is worth more than 100 people in the crypto community, perhaps.

I doubt if Karma will grow much without the people who need it.

I would argue that everyone who is currently relatively ignorant of crypto needs it - or at least needs to be introduced to it.

Also, just my opinion, but I think we should concentrate for a little while on what Karma needs.

Thanks for your response bondi. The idea is for the new members to then bring in a lot more members through their own giveaways. It will be hard work but given the right incentive I believe I can put together a solid, if unorthadox team.

[DStefanov]

What's going
Network hashrate in http://www.xhash.net/index.php?coin=karmacoin&page=statistics&action=pool is 5 GH/s!  

[kosmost]

Votes, Comments, Suggestions needed:

"Karma Services & Property Transition Thread... Who Should Take Over Karma?"

http://karmashares.com/forums/index.php?topic=624.0