I am sure simple solution can be implemented that would void exchanges taking advantage of our LLC. Something as easy as an automatic process where coin holders can sign messages that they own that wallet. Just like the shareholder have had to do so far. As the technology advances in cryptoworld it is becoming easier and easier to secure your coin and provide proof of ownership.
As socoban told before, that does not work.
Because the owner (or someone else with access to the exchange wallets) could sign messages like any other normal Karma holder.
With requiring them to sign a message they fully agree to the TOS. The TOS would easily nullify these services from profiting while holding the coins of their customers . if some exchange decided to register register and sign the message they would break the law and also come off as shady and would probably loose street credits. We would also have people audit who ever sign up as well. starting from the highest investor and down.
No, the exchange would not loose "street credits" because the exchange owner could setup cold storage wallets in a way they looked 100% similar to normal wallets of normal users in the blockchain.
And if some ID was required from them, they could just say the wallets are from their distant cousins... and provide their ID...lol
The only way out of this is to end the 30+ day thing....
In my opinion we should announce the end of the 1.75x bonus period now (or close to now), with the extension of 2+ weeks so that people that really want to be part of Karmashares have time to buy shares.