Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KARM] Karma /₭/ NEW! X11 + Time Warp + More (pg.140) SIDECHAIN+ (pg. 143)
by
clayop
on 08/08/2014, 20:37:54 UTC
Ok guys. As an economist, I would like to point out some things here.
What we have here is a very competitive market place. Many altocoins appear daily.
Low barrier to entry witch means that  it is easy for new players to show up.
Furthermore, our market position is weak. We are not Litecoin, or even Dogecoin.
This reduces our possibilities when acting on the market.
Proposal that Kosmost made is a sound one. Still, there are some problems with it. What we are doing here is rebranding the product.
This means we are operating with the same thing, but changing the quantities. In the end it is the same coin. Now, this might move the price, but most likely, users will realize that there is no change, and the price will stay the same. Since our product is inferior on the market, price will actually decrease, like we see with other altcoins. The way to counter this is by innovating and creating new services. Making a change such as this one, without creating a new content will not make a substantial change. The only influence it will have is a psychological one, but in the end, the price will revert even if it goes up.
My suggestion is to launch this change when we publish a whitepaper and present the public with the new ideas we are planning to implement as a community. Then it will have more meaning.

Totally agree with this.
Imo, Karma has a great potential to increase its value, so we don't have to worry about current price and liquidity.
Let market recognize the value of Karma (e.g. releasing the white paper, developing sidechain, etc.). Then the price will follow.
(I believe that Karma will overtake Doge in market cap. That means 40 satoshi per KARM)