[ANN][KARM] Karma / ₭ / X11

[kosmost]

//

And speaking of the Trademark -- we hired a law firm to do the work -- something no one here seems willing to do, so I'm quite confident in the value of ours versus the "Service Mark" for financial services that Kosmost owns.
//

The financial services trademark is the best one to have, but don't forget the remaining text of the classification

Financial services, namely, providing a virtual currency for use by members of an on-line community via a global computer network

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[kosmost]

why is this coin still a thing? we already got burnt on Karmashares and the coin.  I got fucked bigtime. Just mark off your losses and let it die.

People keep doubling-down?

Buyers remorse?

Investors who need to pump-it-to-dump-it?

Ask poor people why they keep buying lottery tickets ;-)

Karma was never pumped and dumped, by the way.

I'm not sure why you continue to repeat this.

Contrary to what some believe, Karma was an "anti-pump" on several occasions. (Meaning I, on several occasions, actively asked others on the team not to pump announcements, or acted in a way that worked against pumping.)

But, alas, ethical and rational behaviour is punished. This is a strange world we live in.

[kosmost]

Fun fact: the price of Karma has never dropped below the price on the day Karmashares was first announced.

In fact, during the time when most of us had our panties in a bunch, it was still trading 200-300% more than on the day Karmashares was announced.

It could be that folks who engage in critical thinking tire of hearing that Karmashares (or myself) killed Karma. It is still very much alive, but lacks purpose (same as before).

But I can see that we, the Karma community, are still wasting a tremendous amount of time arguing over insignificant aspects of the coin.

[easteagle13]

Guess why, we should be interested in this article?


http://www.coindesk.com/year-multisig-so-far/


-east

[socoban]

Real fact: KARM with *kosmost going up - without *kosmost going down... True?

Wrong, when Kosmost left KARM, it was traded at 20-25 litoshi, now it is at 50.

[TheLittleDuke]

Real fact: KARM with *kosmost going up - without *kosmost going down... True?

Karmashares made the market slightly more ill-liquid -- the shares were held out of circulation.

Simple supply and demand.

What more demand?  Cut the supply.

As for your "profit" from doing that, and this is NOT a dig on Kosmost -- because I believe that he and I are after the same thing, in spirit anyway.

But remind us what you got for letting your shares get locked up for so long?  You got them back right?  But without the benefit of interest or a dividend?  Is that true or not?

[Hippie Tech]

Go away... *kosmost raised KARM to 600+/- satoshi

Wake up greedy noob. It was the pumpers n dumpers who were responsible for your 600 point dreamland. Not kosmost.

Lucky for KARM, very few were foolish enough to buy into their fake market bubble.

[mouseman]

litoshi

Go away... *kosmost raised KARM to 600+/- satoshi

[lobo13hf]

how does Karma Shares works? is like POS how do i get'em?

[learminer]

how does Karma Shares works? is like POS how do i get'em?

You're about 6 months late to that party friend. Its just a bad memory now.

[bitwho]

how does Karma Shares works? is like POS how do i get'em?

You're about 6 months late to that party friend. Its just a bad memory now.

maybe he means east project?
https://bitcointalk.org/index.php?topic=806320.new#new

[lobo13hf]

NP guys am still mining tho is all cool  ...

[socoban]

Go away... *kosmost raised KARM to 600+/- satoshi

ROFL, KARM was more valuable on first day of KarmaShares than it was one day after Karmashares. Anything between that was pump&dump scheme with lot of lies behind. Everyone who bough KARM and put it into KarmaShares lost money, even those who did it on first day. My KARM was stacked in that scam company, so I was not able to dump them at 600 litoshi. Go to the HELL with your idiotic observations.

[ptman]

Go away... *kosmost raised KARM to 600+/- satoshi

ROFL, KARM was more valuable on first day of KarmaShares than it was one day after Karmashares. Anything between that was pump&dump scheme with lot of lies behind. Everyone who bough KARM and put it into KarmaShares lost money, even those who did it on first day. My KARM was stacked in that scam company, so I was not able to dump them at 600 litoshi. Go to the HELL with your idiotic observations.

Although I feel a little bit bad for not being able to sell some of my Karma when it was >200 litoshi because it was (most of it) at Karmashares, I do not feel like I have been scammed.
Karmashares did not work out, but my Karma was returned.

And by my calculations I did not lost anything (I even bought a little more).
For one to lose money, one has to sell at a lower price than bought.

[ptman]

how does Karma Shares works? is like POS how do i get'em?

You're about 6 months late to that party friend. Its just a bad memory now.

maybe he means east project?
https://bitcointalk.org/index.php?topic=806320.new#new

East project is getting a lot of investment.
The initial batch of nhzKarma is being bought like cakes :-)

[p4r4m0un7]

Go away... *kosmost raised KARM to 600+/- satoshi

ROFL, KARM was more valuable on first day of KarmaShares than it was one day after Karmashares. Anything between that was pump&dump scheme with lot of lies behind. Everyone who bough KARM and put it into KarmaShares lost money, even those who did it on first day. My KARM was stacked in that scam company, so I was not able to dump them at 600 litoshi. Go to the HELL with your idiotic observations.

Socoban, you know very well that this can not apply to everyone. I have never lost on crypto. Some will earn and a lot more people will loose. The same is with all crypto. Let`s face it. And this got nothing to do with the developer and nothing to do with the currency. Everyone who have lost anything on any crypto currency should blame only himself, no matter what expectations he has and no matter how much did he lost. And also, the moment of loss is determined by the seller, not by somebody else. If he is selling for less than he bought, who should be blamed? Anger and prattling can take place everywhere at every time, but when somebody is making trades, especially with digital currencies, he must do it with his mind clear. Trading behavior and the sympathies to a particular coin and involvement at some level to that coin must never be mixed. These are totally different things. If you don`t understand it, I don`t know what to tell you.

Also, I disagree with your opinion on Karmashares. Let me tell you why. Because you could simply negotiate and sell your entire KARMASHARES wallet. This was what I did at some point. There was no pump and related to the pump dump in KARMA history. This is simply not true. And there is not a single evidence for this. Pump and dump scheme never worked with KARMA. Also, I think you are talking about the price of KARMA, not the value. The value of KARMA was exactly the same on the day after KARMASHARES was disbanded as it was on 20th April. Cause KARMA had kosmost, bitwho, easteagle13, KarmaKaguy and all others driving into the same direction. The price could also rebound pretty quick if 5-6 KARMA holders didn`t offended the only persons that have ever made something big for KARMA. Also, some people overreacted on few accusations from several trolls, without taking into account that a lot more Karmanians have voted confidence into KARMA by putting their coins on KARMASHARES and still holding after abandoning of that model. We are talking here for about 270 KARMASHARES holders and 600-700 coin holders. Are these 5-6 trolls a match to all these believers? Of course not. Karmashares could turn easily into something else. You know this.

Of course everyone has his side of the story, so the most important thing is what we have learned.

[learminer]

Go away... *kosmost raised KARM to 600+/- satoshi

ROFL, KARM was more valuable on first day of KarmaShares than it was one day after Karmashares. Anything between that was pump&dump scheme with lot of lies behind. Everyone who bough KARM and put it into KarmaShares lost money, even those who did it on first day. My KARM was stacked in that scam company, so I was not able to dump them at 600 litoshi. Go to the HELL with your idiotic observations.

Socoban, you know very well that this can not apply to everyone. I have never lost on crypto. Some will earn and a lot more people will loose. The same is with all crypto. Let`s face it. And this got nothing to do with the developer and nothing to do with the currency. Everyone who have lost anything on any crypto currency should blame only himself, no matter what expectations he has and no matter how much did he lost. And also, the moment of loss is determined by the seller, not by somebody else. If he is selling for less than he bought, who should be blamed? Anger and prattling can take place everywhere at every time, but when somebody is making trades, especially with digital currencies, he must do it with his mind clear. Trading behavior and the sympathies to a particular coin and involvement at some level to that coin must never be mixed. These are totally different things. If you don`t understand it, I don`t know what to tell you.

If you're talking purely about trading you may be correct. But at least in some cases it has got everything to do with the developer and everything to do with the coin. Note I am not talking about Karma from now on.

There were many coins that appeared perfectly valid and seemed good investments even if you did your due diligence in researching them, yet still turned out to be scams (sometimes after weeks or months). When a developer has successfully hidden a premine and dumps that on the market out of nowhere, or an exchange gets hacked and a sizable portion of a coinsupply stolen, or a group of devs simply walks away from a project despite promises (even faking evidence), that often results in a 99% loss of investment in a matter of minutes.

Most of these coins will never recover, so the buy low/sell high rule simply does not apply here. This is not normal market behaviour, its often intentional behaviour by devs and/or FUDsters and in some cases plain fraud. The fraudsters are just lucky that this market is so highly volatile, largely anonymous and unregulated.

Also, I disagree with your opinion on Karmashares. Let me tell you why. Because you could simply negotiate and sell your entire KARMASHARES wallet. This was what I did at some point. There was no pump and related to the pump dump in KARMA history. This is simply not true. And there is not a single evidence for this. Pump and dump scheme never worked with KARMA. Also, I think you are talking about the price of KARMA, not the value. The value of KARMA was exactly the same on the day after KARMASHARES was disbanded as it was on 20th April. Cause KARMA had kosmost, bitwho, easteagle13, KarmaKaguy and all others driving into the same direction. The price could also rebound pretty quick if 5-6 KARMA holders didn`t offended the only persons that have ever made something big for KARMA. Also, some people overreacted on few accusations from several trolls, without taking into account that a lot more Karmanians have voted confidence into KARMA by putting their coins on KARMASHARES and still holding after abandoning of that model. We are talking here for about 270 KARMASHARES holders and 600-700 coin holders. Are these 5-6 trolls a match to all these believers? Of course not. Karmashares could turn easily into something else. You know this.

Of course everyone has his side of the story, so the most important thing is what we have learned.

Well if you look at the charts there are certainly several occasions where it looks a lot like a pump and dump, all the indicators in the charts are there. Accumulation. Suppression. Take off. Sell off. Karma is not immune to market manipulation, why should it be different than any other crypto out there in that regard? Wether this was orchestrated by insiders or unknown outside forces is impossible to say, but to look at the charts of Karma from April to today and say "there never was a pump" is pretty bold.

As for the other part of your reply I agree. The value of Karma has not changed, the price has. And the price dropped considerably, mainly due to LTC loosing so much value against BTC and BTC against the dollar, which adds up. Both of those were outside of the control of the team though, so its kinda hard to blame anyone for that. At least the loss was not as bad as it could have been compared to some of the other shit I have witnessed in crypto.

[easteagle13]

In case you are wondering how.

http://youtu.be/7CN09_5b6BA


-east

[easteagle13]

Guys when we lose something good, We should replace it with something better....

-east

[p4r4m0un7]

Guys when we lose something good, We should replace it with something better....

-east

This is karmastic thought my friend.

BTW, I don`t regret anything. Turnarounds are often events. Only stupid people doesn`t come back to the start point.