[ANN][KARM] Karma / ₭ / X11

[Alexandrake]

Don't believe the trolls that kosmost has done any damage to Karma

instead believe kosmost, Here are some of his recent words
https://bitcointalk.org/index.php?topic=579973.msg8748509#msg8748509

"6) The price of Karma is still higher (nearly 300%) than it was the day before Karmashares was announced, despite all the "dumping" that you guys yell and scream about"

https://bitcointalk.org/index.php?topic=447657.msg6304313#msg6304313 (Karmashares founded April 20 2014.)

APRIL 19, 2014

Mintpal
Karma/Litecoin price  LOW 14 HIGH 30 litoshis
Litecoin/BTC price      LOW 0.025002   HIGH 0.0257003
Bitcoin=501.55 $US coindesk.com


SEPT 10, 2014

Mintpal
Karma/Litecoin price LOW 26 HIGH 40 litoshis
Litecoin/BTC price LOW 0.01055100 HIGH 0.01098000
Bitcoin=473 $US coindesk.com

%Litecoin price difference of APRIL and SEPT = 0,4272323669373509 (43%) (NEGATIVE)
%Karma price difference of APRIL and SEPT = 0.25 (25%) POSITIVE

APRIL 19 2014
IF YOU INVESTED DOLLARS TO KARMA
1000 $US put in karma thru litecoin= 2BTC= 79.75LTC=319 000 000 (ave 25 litoshis)

NOW YOU GET
SEPT 10, 2014
319,000,000 KARMA=105LTC (ave 33litoshis)=1.1530 BTC(highest litecoin price)=545.33 $US

So yes, believe kosmost :"The price of Karma is still higher (nearly 300%)"

He always tell the truth to you.

[1713260918]

1713260918

[1713260918]

1713260918

[socoban]

Basically,

Kos is saying, he worked alone and his team stood by talking doing nothing, so he close shop and choose to become a "member" of karma instead of being the "project leader"

and bitwho (considered too by many here, to be an active member of the KarmaTeam) say he and the rest of the "team" is out of the loop on what kos was doing and yet he loves kos to do things for karma and lead Karma. (I smell teamwork here)

ryannguyen18 say kos and his team will make karma successful?

They must be all correct, right?

BYE KARMA. No leader, no team, no plan, no budget, no business.

I will wait for those post asking me what I will do to help karma hahahaha. And yes those who will ask WHAT I HAVE DONE FOR KARMA. HAHAHA. I will not tell you.

AND YES I WILL TRY TO PUMP THE PRICE TO EXIT. Care to watch the market rise??? Hahahaha.

Bye.

Actually coin price & success has many attributes:
1) skilled dev
2) skilled community
3) lot of money invested into that coin
4) distribution of coin
5) big price history
6) Also there is a formula used for coin price: Transactions Volume/Velocity + 1/Supply.

1) Karm has no dev, this is easy to fix.
2) Karm has very nice community
3) KARM has eaten really lot of money and those people own expensive bags, hence there is lot of people to help and spread any good news.
4) Distribution of coins is better thanks to dumping. Big holders were dumping part of their portfolio to cut huge losses and scammer dumped billions.
5) Karm hit 600 litoshi, it is nice graph, interesting for future investors
6) That formula is against KARM. Transaction volume is low and total supply is 90 billion KARM. But block reward is 20.000 KARM now, and will be 10.000 in 3 months. Than this is not such a problem, since there is already 2/3 of coins mined.

The biggest problem of KARM was KarmaShares scam. I do not want to help KARM whenthere are people scammers involved in it. 100% of services has to be owned by trusted calm members, with no scam history and really good skills and without mental illness. First step is to cut sick part, than KARM can start to work. Karm does not need shit-talk, but long term vision. Talking about millions of users of KARM in Africa and Philippinenes is bullshit. Karm need real usage, like tipbots, backbone of services so people can implement KARM on their webs easily. Stop talking about dreams and make small step by step to increase trust into this coin.  

[p4r4m0un7]

Don't believe the trolls that kosmost has done any damage to Karma

instead believe kosmost, Here are some of his recent words
https://bitcointalk.org/index.php?topic=579973.msg8748509#msg8748509

"6) The price of Karma is still higher (nearly 300%) than it was the day before Karmashares was announced, despite all the "dumping" that you guys yell and scream about"

https://bitcointalk.org/index.php?topic=447657.msg6304313#msg6304313 (Karmashares founded April 20 2014.)

APRIL 19, 2014

Mintpal
Karma/Litecoin price  LOW 14 HIGH 30 litoshis
Litecoin/BTC price      LOW 0.025002   HIGH 0.0257003
Bitcoin=501.55 $US coindesk.com


SEPT 10, 2014

Mintpal
Karma/Litecoin price LOW 26 HIGH 40 litoshis
Litecoin/BTC price LOW 0.01055100 HIGH 0.01098000
Bitcoin=473 $US coindesk.com

%Litecoin price difference of APRIL and SEPT = 0,4272323669373509 (43%) (NEGATIVE)
%Karma price difference of APRIL and SEPT = 0.25 (25%) POSITIVE

APRIL 19 2014
IF YOU INVESTED DOLLARS TO KARMA
1000 $US put in karma thru litecoin= 2BTC= 79.75LTC=319 000 000 (ave 25 litoshis)

NOW YOU GET
SEPT 10, 2014
319,000,000 KARMA=105LTC (ave 33litoshis)=1.1530 BTC(highest litecoin price)=545.33 $US

So yes, believe kosmost :"The price of Karma is still higher (nearly 300%)"

He always tell the truth to you.

Awww, now I see it all. Thank you. We don't know why we all missed that. Actually the price when they stepped up was 8 litoshi...

[socoban]

Don't believe the trolls that kosmost has done any damage to Karma

instead believe kosmost, Here are some of his recent words
https://bitcointalk.org/index.php?topic=579973.msg8748509#msg8748509

"6) The price of Karma is still higher (nearly 300%) than it was the day before Karmashares was announced, despite all the "dumping" that you guys yell and scream about"

https://bitcointalk.org/index.php?topic=447657.msg6304313#msg6304313 (Karmashares founded April 20 2014.)

APRIL 19, 2014

Mintpal
Karma/Litecoin price  LOW 14 HIGH 30 litoshis
Litecoin/BTC price      LOW 0.025002   HIGH 0.0257003
Bitcoin=501.55 $US coindesk.com


SEPT 10, 2014

Mintpal
Karma/Litecoin price LOW 26 HIGH 40 litoshis
Litecoin/BTC price LOW 0.01055100 HIGH 0.01098000
Bitcoin=473 $US coindesk.com

%Litecoin price difference of APRIL and SEPT = 0,4272323669373509 (43%) (NEGATIVE)
%Karma price difference of APRIL and SEPT = 0.25 (25%) POSITIVE

APRIL 19 2014
IF YOU INVESTED DOLLARS TO KARMA
1000 $US put in karma thru litecoin= 2BTC= 79.75LTC=319 000 000 (ave 25 litoshis)

NOW YOU GET
SEPT 10, 2014
319,000,000 KARMA=105LTC (ave 33litoshis)=1.1530 BTC(highest litecoin price)=545.33 $US

So yes, believe kosmost :"The price of Karma is still higher (nearly 300%)"

He always tell the truth to you.

This thread was created on April 22, 2014, 09:27:44 AM, there were many many bilions traded on mintpal from 10-17 April on mintpal at price 7-15 litoshi.  I can't check original reddit date, since Kosmost is cleaning evidence. He made reddit post about donation address private. He also disabled lill.com.

First donation to KarmaShares was on: 2014-4-20 05:43:06   , you can check it here: https://chainz.cryptoid.info/karm/address.dws?K8rMbDnZ7xX9VqBXmLwA7DCnYra1ftw3gE.htm

until 15.April the price was  max 15 Litoshi, than 16-18.April price was 13-20 litoshi, 19.April max price 30 litoshi, 20. april 60 litoshi.

The day when first donation could be send, the price closed at 59 litoshi.

1-15 april, there were many billions traded at price 7-15 litoshi.

So, who really bought at 10 litoshi? The only person able to buy at that price was creator of Karmashares. It was silent buying and he got really nice profit at that shares buying period.

Btw, in that time LTC average price was $11, now it is $5, so even perfect scammer was not able to buy KARM at current price when calculated in USD:)  Selling KARM at 20 litoshi is the price KARM had before people have thrown tens of thousands of USD into it.

[ptman]

I think Kosmost has a lot of skills and is very valuable to the community.

I just did not like how he handled the closure of Karmashares... but I can understand that in some way it was in the better interest to the Karmashares investors that wanted to have time to dump their coins right after they saw the news.

If Kosmost said that he would close Karmashares a week before he started refunding the investors coins, maybe the investors that wanted to leave the boat would have to sell at a lower price.

I want Kosmost to stay... I'm just not sure we should want him to continue as the leader of the community.

[Alexandrake]

I think Kosmost has a lot of skills and is very valuable to the community.

I just did not like how he handled the closure of Karmashares... but I can understand that in some way it was in the better interest to the Karmashares investors that wanted to have time to dump their coins right after they saw the news.

If Kosmost said that he would close Karmashares a week before he started refunding the investors coins, maybe the investors that wanted to leave the boat would have to sell at a lower price.

I want Kosmost to stay... I'm just not sure we should want him to continue as the leader of the community.

+1 right.

let him display his brilliance.

he is not a scammer.

nor a good team leader. he keeps people out of the loop

[socoban]

I think Kosmost has a lot of skills and is very valuable to the community.

I just did not like how he handled the closure of Karmashares... but I can understand that in some way it was in the better interest to the Karmashares investors that wanted to have time to dump their coins right after they saw the news.

If Kosmost said that he would close Karmashares a week before he started refunding the investors coins, maybe the investors that wanted to leave the boat would have to sell at a lower price.

I want Kosmost to stay... I'm just not sure we should want him to continue as the leader of the community.

+1 right.

let him display his brilliance.

he is not a scammer.

nor a good team leader. he keeps people out of the loop

Lol, you have 5 posts in bitcoin forum. All are here in this thread and all says Kosmost is not scammer. 5x repeated same claim is not a fact. How many fake accounts will Kosmost create now to build his trust here?

[p4r4m0un7]

I have made a request to all of you to find out and propose somebody new to take the lead. This is just a reminder that until this moment there is no single proposition. All I see are empty accusation. Keep in mind if no person is proposed, no one will do the the work. If no one step up, you know where is this going to. So brainstorm and please propose somebody who is willing voluntarily to spend his/her time for Karma. Run all the services, pay for all of the hosting services when needed, gather a team, rally the community, present vision, strategy, goals, milestones, steps and tasks for achieving the goals. Somebody who for a start is willing to finish the timewarp and automatic checkpoints. And then start working on the sidechain. I don't understand why it is so hard. It is far more difficult to throw some crap here.

[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

[Maurizio]

theres only 2 dumpers here

KOS MOST

HIRO

lock in step

Known as Hendo and Maco from 42coin, where there career began.

[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.

[DStefanov]

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 do not mind to donate one of those 1 000 000 KARMA, but .... how do I know that these are real people? It is possible to do 60 wallet and everything to go with you! How would you prove it?

p.s. Incidentally this with free donation is an old my idea to attract new investors, which probably seemed silly to kosmost and he and the team did not even comment. Recently I wrote again, but still nothing!

@ socoban - New Leader of KARMA! No kidding!

[Maurizio]

Basically,

Kos is saying, he worked alone and his team stood by talking doing nothing, so he close shop and choose to become a "member" of karma instead of being the "project leader"

and bitwho (considered too by many here, to be an active member of the KarmaTeam) say he and the rest of the "team" is out of the loop on what kos was doing and yet he loves kos to do things for karma and lead Karma. (I smell teamwork here)

ryannguyen18 say kos and his team will make karma successful?

They must be all correct, right?

BYE KARMA. No leader, no team, no plan, no budget, no business.

I will wait for those post asking me what I will do to help karma hahahaha. And yes those who will ask WHAT I HAVE DONE FOR KARMA. HAHAHA. I will not tell you.

AND YES I WILL TRY TO PUMP THE PRICE TO EXIT. Care to watch the market rise??? Hahahaha.

Bye.

Actually coin price & success has many attributes:
1) skilled dev
2) skilled community
3) lot of money invested into that coin
4) distribution of coin
5) big price history
6) Also there is a formula used for coin price: Transactions Volume/Velocity + 1/Supply.

1) Karm has no dev, this is easy to fix.
2) Karm has very nice community
3) KARM has eaten really lot of money and those people own expensive bags, hence there is lot of people to help and spread any good news.
4) Distribution of coins is better thanks to dumping. Big holders were dumping part of their portfolio to cut huge losses and scammer dumped billions.
5) Karm hit 600 litoshi, it is nice graph, interesting for future investors
6) That formula is against KARM. Transaction volume is low and total supply is 90 billion KARM. But block reward is 20.000 KARM now, and will be 10.000 in 3 months. Than this is not such a problem, since there is already 2/3 of coins mined.

The biggest problem of KARM was KarmaShares scam. I do not want to help KARM whenthere are people scammers involved in it. 100% of services has to be owned by trusted calm members, with no scam history and really good skills and without mental illness. First step is to cut sick part, than KARM can start to work. Karm does not need shit-talk, but long term vision. Talking about millions of users of KARM in Africa and Philippinenes is bullshit. Karm need real usage, like tipbots, backbone of services so people can implement KARM on their webs easily. Stop talking about dreams and make small step by step to increase trust into this coin.  

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

[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

[Chargin]

Not that I agree with the Philippines idea for KarmX but for those that are interested:

http://www.iamsatoshi.com/bitcoin-kenya-documentary/

[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

I do not mind to donate one of those 1 000 000 KARMA, but .... how do I know that these are real people? It is possible to do 60 wallet and everything to go with you! How would you prove it?

p.s. Incidentally this with free donation is an old my idea to attract new investors, which probably seemed silly to kosmost and he and the team did not even comment. Recently I wrote again, but still nothing!

@ socoban - New Leader of KARMA! No kidding!

This can be discussed further. There is a public forum where the people are currently signed up and waiting. I'm not going to post it here I'm afraid - at least not yet. In the first instance Karma would be used as an in forum currency between members for tipping, donating etc. These members would then help promote the coin. There is a strong twitter presence amongst the members. The forum owners are on board with the idea and are good people.

It's a non crypto community who are new to all this but interested. Seems the perfect target market for a coin like Karma.

[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.

[kosmost]

[snips]

APRIL 19, 2014

Mintpal
Karma/Litecoin price  LOW 14 HIGH 30 litoshis
Litecoin/BTC price      LOW 0.025002   HIGH 0.0257003
Bitcoin=501.55 $US coindesk.com

[snips]

The Karmashares concept was announced April 9, 2014 here: http://www.reddit.com/r/Karmacoin/comments/22mid6/should_karmacoin_incorporate_and_issue_shares_to/

Per MintPal, Karma opened at 10 litoshis that day.

If you're going to "check the facts" at least get them straight

[kosmost]

I think Kosmost has a lot of skills and is very valuable to the community.

I just did not like how he handled the closure of Karmashares... but I can understand that in some way it was in the better interest to the Karmashares investors that wanted to have time to dump their coins right after they saw the news.

If Kosmost said that he would close Karmashares a week before he started refunding the investors coins, maybe the investors that wanted to leave the boat would have to sell at a lower price.

I want Kosmost to stay... I'm just not sure we should want him to continue as the leader of the community.

Yes, and based on my conversation with an experienced trader I believed that Karma would be trading at even less than today if it was announced or voted upon beforehand.

Imagine you know that in 1 week's time 8.6 billion coins will be returned to investors and hitting the market. But those people can't sell yet, because they don't have their coins. So, you or others take advantage of this "hostage situation" and sell at the current price knowing that if you wanted to you could buy them back later for much cheaper.

It may be fine if you have all your coins but what if you were 1 of 200 people that couldn't sell if you wanted to (because you will have them in 7 days). How would you feel?

For the marketplace this would have a snowball effect, most likely. It won't matter to holders what the current price is because they can be close to 100% sure that in 1 week it will be lower than that. Probably much lower. So then they sell, which causes other people to sell. Many more people would have sold because of this (even those that wanted to keep the coins.) We may be even looking about 1-2 litoshis.

So then you'd have 1 week of dumping in anticipation of 8.6 billion coins potentially hitting exchanges at the same time. All this before a single coin was returned.

Followed by... 200 people who just got their 8.6 billion coins today and are upset at the unfairness of it all. and instead of 30 pages of "kill kosmost!!" you'd have 200 pages. Karma would have been killed on the exchanges.

My strategy was unorthodox, yes. But I believe it was the best way to do it. Not telling anyone, and just sending back coins. There would be several hours of confusion while people processed what was going on, or perhaps a couple of days before someone checked their wallet or the forum. Is kosmost stealing coins? Have we been hacked? etc, etc. The worst imaginations ideally should play out during this shock phase, followed by better news (not stealing, not hacked, all coins returned) which would stabilize the market a bit more over time.

Would you have preferred me shocking you or 7+ days of panic selling?

yes, the price decreased but not as much as it could have. If you ever wanted to buy Karma cheap before, now is the time.

[TheLittleDuke]

I wasn't asking for anecdotes but for actual legal wording.

How ironic -- that is the same thing I asked of you :-)

If you REALLY want legal wording then YOU should hire a lawyer

I was excited to see a potential method for crowd-sourced equity versus looking into a Small Company Offering Registration (SCOR)

You have failed to produce ANY legal briefing or provide some shred of documentation that you've had a law firm review your offering.

At least I paid to have a lawyer render an opinion and I can sure as hell tell you that I trust his advice over anything I've read here.

-dvd

It has been reviewed. But as the community knows, we were hoping to afford more thorough legal counsel.

We also provided information on the actual law, not just a lawyer's preliminary opinion.

I did not give you anecdotes.

We are talking in circles.

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"