Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
Instamatic
on 30/06/2014, 21:20:18 UTC
I checked KarmaShares donation adress, there has been almost none Karma to KarmaShares exchanges last month. I know, this project can be huge, but holding Karma is much saver right now than holding KarmaShares. Since people can switch from Karma to Karmashares anytime in future, but can't trade KarmaShares to Karma, KarmaShares are currently not atractive. They should be either timelocked, like people can trade Karma to Karmashares like max next few months, or they should got less and less shares in future. Right now, it is stupid to buy Karmashares, it just locks you money. People will hold Karma and wait to find out if KarmaShares are profitable. If we want people to help the project, they should own KarmaShares, not Karma only. Trading KarmaShares or Making KarmaShares more and more expensive compared to Karma is the only way, how to push them to buy KarmaShares. Since karmashares can be bought only by Karma, it will force them to buy Karma and push the price up more. More value Karma has, more people will know about it, more interest will come.  So I definitelly think, Making KarmaShares more atractive than Karma will help whole project a lot.

Not sure if it changes your perspective, but the timeline to actually purchase Karmashares passed long ago (the same weekend my computer flipped out on me so I missed the buy-in).  So you shouldn't see any transactions to the Karmashares donation address.  Holding 10M Karma in your wallet will entitle you to a Karmashares % but I'm not entirely up to date on how that process works if it's quarterly to mimic a corporation's quarterly holding reports or whatnot.