"Think of it this way. Lets say tomorrow . Me , Kosmost, Shawn , Delaforetnoire , javijavier , bittanker , jwcplanet, ACG and the rest decide to call it quits?
You wake up tomorrow and all of the sudden every single coin invested it has been returned back to the sent address. Confused you come here looking for answers. But you receive nothing. dead silence
What then? Will you dump? Will you sit there , accepting this ? Will you move to an other coin?"
Disturbing thought there and exactly what people are afraid of. Think of it this way, time passes and the Karma team does what they said they would do, then it is a massive success. I like that outcome better, but most people are pessimists with this stuff for good reason, the past. Still, it really is simply a choice for the team, and not the people watching on the outside. The idea itself is a winner or I wouldn't be involved at all. If the core people give up, everyone else likely will. Karma is a great idea, but this notion of an LLC and Karmashares is something that takes leadership and vision. Everyone that is not already deeply involved and watching - is just waiting to see what happens. Lot of cynics and skeptics out there. Lot of people that are hoping this *is* something different. Everyone I talked to thinks it is fascinating and loves the idea, but most won't believe it until it happens, as there have been too many gimmicks, and traps, and that is just the history of cryptos and nothing to take personally. If it starts happening, Karma will get a lot of press and traction very fast. You want interviews and press? That can happen.
I asked some questions earlier that would help and got some answers, but not all I was looking for. The more transparency there is, the better, and you really need a lot of it with this sort of notion. It may be blatantly obvious everything is cool to you, but it isn't to everyone else. The dead silence is exactly what everyone is afraid of, if they knew for sure Karma was for real. the price would already be skyrocketing and vastly more people would be participating. Karmagood, or whoever that is, also seems to be a bit of a wet blanket. Best of luck, and if you want to promote the idea to a lot of crypto collectors you are welcome to share the ideas in my forums. If you can answer the critical questions people have, that is even better.
We have investors, experts, coders, novices, even some influential people as part of the club. If you guys are for real and want to promote your idea, feel free to join. Other coins have done very well doing this. Personally, I have posted and tweeted a bunch about Karmashares already, but I can only share what I know so far. A great idea that I am waiting to see what comes of it...
https://www.facebook.com/groups/459085124197658/The current team is not quitting anytime soon. That post was hypothetically. What i was hopping for you and others to get from it was that you'll should understand what older members in Bitcointalk mean when they say "the community" makes the coin.
Part A
At launch time, the dev team can make sure the coin launches and runs smoothly. Then push the coin and the technical part of it and adapt as new obstacles appear. The technicalities of running a good coin are limited to the block chain. This is the main importance of the devs.
Part B
To keep the block-chain running smoothly and effectively the coin and the dev needs its miners. The miner keep mining and solving the blocks and keeping the network secure.
Part C
To keep the miner happy , there needs to be a healthy community supporting them. There needs to be a dedicated community that ensures them that they will be compensate for their work by buying the coins from them at a good price. These dedicated members of the community are called investors. When investors buy these coin at a healthy price it keep the miner happy.
Part D
To keep keep the investors buying the coins at a healthy price the community needs to ......................??A good coin has a community that has created multiple solutions to this part and are constantly creating more. A good coin has many follow up. A good coin with a good community continuous the chain as follows:
Part D --------the road to success coin -------
To keep the investors buying the coins at a healthy price from the miner, the community provides the investors with reason that there will be continuous demand for these coins. The community shows the investors that people are building on top of this block-chain and soon people will use this coin as a mean to buy clothes, to buy electronics ,to buy services ,to buy food,to buy games, donate to help, etc.
Part E ---------- a successful coin ---------
The community has shown the investors that the usage of the coin will be unlimited and the community have provided more demand than the investors could provide. Thus Creating the virtual gold
Back to part D
This high demand of coins creates a reason for the investors to start offering more money to the miners to mine these coins
Back to part C
The high demand of coin causes a rise in prices. This higher rise in prices , not only keep the miners happy but creates a higher demand for mining work from other miners
Back to part B
This sudden rise of happy minners has created a more stronger and secure block-chain
Back to plan A
This stronger and bigger network create a bigger job for the dev to work on. To keep everything running smoothly the team of the dev needs to grow accordingly.
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This is how a successful coin runs and it maintained.
If you notice all the steps needed to make a coin successful, the most important part at first is Part A , then everything else falls through naturally up to Part D. This is where the community need to come together and build structures non stop. This is the ultimate obstacle. This is where a coin matures and breaks through
Take example Bitcoin. Bitcoin is not growing because the devs are making new changes. Bitcoin is growing because the community is building multi functional trading/marketing structures from the bitcoin blockchain and are constantly creating all these every-day uses that will require people to own bitcoins to use/run.
Karma the coin, needs the same. Karma the coin, needs Part D now.
We have had a successful Part A . The coin has been running smoothly. This was the most important part at lunch. Our lunch was fantastic.
Our Part B was strong at first. We had 18 GH/s peak one time. But recently it is not. but that is alright. because all will come in order once we strengthen part D
Our Part C was strong at first then fell with the market. Our market now doesn't have strong investors due to lack of Part D. This is quite alright. Once we build a strong Part D , our coin will be flooded with investors : )
..............
And here we are. The reason all this long text. The is the most crucial part of the coin's cycle. We do not have a Part D.
No one has bothered to get involved in part D. the most important part. Every one on this thread, the original thread and all the other social medias of the coin only talk and speculate about Part C
I invested this much , when will i see this much back?
I mined all these coins, when will i see this much back?
The coin is falling, why are you allowing this? Do something!
Your scamming me. i knew it was too good to be true that i could just pay 0.01BTC and become a millionaire tomorrow!
I bought at 3 satoshis , now the coin is at 1/2 satoshi , how do you explain that?
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Take matters in your own hand! This is why i made the previous post. This is why i provoked you with : if the "team" calls it quits, now what? I wanted to show you all , that we are the only current people working hard for Part D.
Every single one of us, every single one of the current KarmaTeam stumbled on this coin just like you. We loved the name and we believed in the idea of it. We started mining/buying the coin and then we realized that there is nothing else being done to help this coin grow. There was no one working on Part D. So we took over. We offered our service. Soon we started working together and one by one all of us realized that we should work united. We set there, behind curtains brainstorming on how to push this coin forward.
We had a coin with a great name. A coin that symbolizes positivity. A coin that anyone who stumbled in it , loves it. While others sat there watching the show , we took mater on our own hand. We started advertising it, we started paying money out of our own pockets to get things done.
Soon after we started showing activity on our coin . more people joined to help us. We started building sites, we started building games , we started building social network. The more people started to get involved , more people started to take things in their own hands and started building stuff for this coin. soon we got tipping bots for reddit. then twitter and shortly after facebook. This created us to turn this coins into a fun and joyful while it gave us more opportunities to market. Not to mention some people joined late. So we start to give people huge giveaway and allow people to own up to 500k coins for free (well they had to so a tiny task or subscribe or something)
All of this started to happen because people decided to take things on their hands. Simply buying and holding is not enough. We need people to help us build a strong Part D. And if you own this coin and want to see it grow you should volunteer right away. Don't just let in hands of others.
This is where KarmashareLLC came in life. The idea was born while we thought of ways to help create opportunities for services that will create infrastructures for Part D. We realize that most people are new comers to bitcoin community and do not understand that they need to do more then just invest money and sit tight. So we created this LLc so you then invest those coins and help secure that this coin moves forward. And just as we expected , it was a success.
Just by introducing this LLC we showed signs of future Part D. Not only that, but we gave the coin one more option. This coin now can either be traded at exchanges for BTC or traded for shares. This is huge, the coin is not %100 depended on trading market anymore but it is only %50 depended of it and %50 on the shares.
As you can see, just by introducing a glimpse that our Part D of our coin will have something happening soon, the price rose a bit. And naturally it will drop down again because the rush was only because of new news and people buying in to trade for shares. Who ever wanted to buy shares bought and the demand for more coins dropped. of course the price will fall down a bit.
what was most succeful from all of this is that more then 100 people invested. this will mean that more then 100 people now will get involve and help out.
But if you want your coins to have a bigger value. you must help us grow and provide more services. We need to grow our Part D
You can either help us grow Part D by providing your skills how ever you can, or help promote. Seriously , by promoting you allow others to see this coin, those others might be the next Kosmost.
Imaging if we had 10 kosmost in our team ?
take
things
in
your
own
hands
!!!
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So i ask you all again :
You wake up tomorrow and all of the sudden every single coin invested it has been returned back to the sent address. Confused you come here looking for answers. But you receive nothing. dead silence
What then? Will you dump? Will you sit there , accepting this ? Will you move to an other coin?"
