Ok, thank you for your answer. But where is confirmation of what you are saying here? Are you part of dev team? Or could Karma dev clarify the details of Karma-holders <-> Karma-shares?
What I've written is based on recent discussions held here
http://karmashares.com/forums. I'm not part of the development team.
To clarify my answer:
As easteagle13 keeps advising the lead developer Kosmost said:
It would be unfair to LLC members to announce a sale, then continue to offer membership during the quarter. Therefore, a solution must be found (quickly). One possible solution is to not announce until the beginning of September.
Anyone wishing to purchase Karma for profit participation would need to do so in August.
However, given this is buried in the middle of a 10 page thread I would not consider this policy, only an opinion on a problem with a proposed solution and the effects of the proposed solution. It has not been discussed thoroughly and has not been voted on. It is actually a very similar issue to "
http://karmashares.com/forums/index.php/topic,567.0.html" and should not occur for the same logic used to veto it.
Also, it is actually at least 30 days holding to be eligible for up to 1x. If you held at least 10,000,000 Karma for at least 30 days I believe the Karmashares profit share equivalent is:
Karma*number of days Karma held in that quarter/number of days in the quarter/1,000
I don't have a reference for the above.
On a related note:
"Karma Story" by Chargin time, contains lateral thinking, ages 6 & up, italics added for excited emphasis on words:
20
monkeys are told apples may at some point allow them to receive an
unknown amount of
bananas which would be divided among all holders of apples. These apples are worth an unknown amount of bananas, nobody knows how many bananas the apples will be worth. All the monkeys have or can buy
grapes with their bananas, they can also sell their grapes for bananas. The monkeys are told they can trade
100 grapes for 10 apples now or 100 grapes for 2 apples
later.
Like all monkeys, these monkeys really want the bananas. The monkeys have to decide if they should trade their grapes for a banana now or buy apples now for a chance to get lots of bananas later or hold onto their grapes to see what they can get for them later.
If all of a sudden there are
1,000 bananas to distribute among everyone with apples, what is better Karma?
1. That the rules change so that monkeys that didn't trade grapes for apples can't buy them any more (even at 1/5th the rate) because they didn't have enough faith in apples; or
2. They can trade their grapes into apples like they have always been told they can even though it means that people that have apples will get less bananas?
It's late. I don't have kids. I'm not calling anyone a monkey. First draft of story, needs work, apples should be for apple pie making business, not themed well enough, simplicity of concepts needs to be reviewed for target age, too wordy, apple pie making business run by what animal?
Chargin.
