How do people feel about this whole Karmashare thing and POC? From what I am reading it all sounds great. I have about 100 mil KARMA that I am debating on investing into this POC. I do not want to get ripped off or anything though.
Understood. There's nothing wrong with having a 'wait and see' stance. Sure, you may miss out on the bonus period but you'd still have a share. Also, you can just keep coins in your wallet after May 10.
If we rip you off then we're also ripping ourselves off. (And I lose the thousands I've already spent on Karmacoin-related expenses.) If we do that, the price would crash. That would be shooting ourselves in the foot.
100 million is a lot for many of us, but I just gave away at least that much in the past couple of weeks. To even think of ripping someone off for billions of coins would be kind of funny, especially when my name is on the LLC documents.
Play it safe and see how it goes. If we hit 500 satoshi I will buy you a beer!
The thing I am concerned with is what happens when KARMA becomes worth 4-500 litoshi...or more....will I be getting as much btc from my karmashare investment, as I would be getting from just exchanging my coins on an exchange??
It seems very enticing... but I want to know eveything about it before I invest
The main driver for Karmacoin in the next few months at least could very well be Karmashares.
You'd probably make money either way. But a stake in Karmashares represents the potential of a lifetime of dividends. That's how a lot of rich people stay rich (living off of stock dividends).
But if another company wanted to buy Karmashares because of our app, Karma rewards, or the whole package, then you would only get a % of that if you owned a piece of Karmashares.