This is to continue the discussion about the PoC model. If I missed similar idea, please excuse me. I think that PoC model should be improved in some way. If it is possible, it should be kept, but changed. I suggest to raise the holding period to 6 months and 75 million coins (yes, raise). And also to assure that no exchange will take advantage of other people coins, I suggest that investment of 5 million KARMA should be send to dedicated address at least 3 months before any deal is announced or closed - we can discuss this term. This address could be same as KARMASHARES address - open for everyone to look at it. This way anyone can see which address is eligible for any profit. First see it at this special list and then look at the block explorer to see when the transaction was made. You know that I am strong supporter of the small investors and miners, but I have learned some lessons from the recent events. This 5 million coins can never be withdrawn and also can be used for Karma funding.
If such decision is taken, I am willing to update such list. Not holding the coins of course, just updating the list.
Karma has got a lot going for it, but our one feature which set us apart from every other coin out there is our PoC model. Hollowing out our PoC model like you are suggestion, decreases the appeal to hold some karma for every (small) newcomer.
75 million, even at todays ridiculously low prices, represent an investment of 2/3 btc. That may not be huge for you, but it is to some people. It also limits the amount of people who can benefit. (53 billion free karma outside of the LLC divided by 75 million leaves 706 people, and we all know that number is going to be much lower in reality.)
Holding for 6 months instead of 3 isnt going to be helpful to stop exchanges, they stack everything in cold wallets anyway. Asking for 6 months of nonstop holding is fine for us karma believers, but once again you make it less appealing for someone new to get into karma and it doesnt fix a problem.
Mandatorily sending some coins to the LLC is something I could see working, all though I dont agree with your current set up. 5 million for 75 million is way too high, but the same effect could be used by asking for 100k. I however dont like the position it puts us as an LLC in.
I see a general tendency here and on our dedicated forum to get rid of PoC. As I look at it there is only one thing important, and thats keeping in line with the SEC guidelines. If our current model is indeed failing to (possibly) answer to said guidelines, (can anyone tell me in what way, maybe we can brainstorm for a solution) than we should throw the concept out the door, or like p4r4m0un7 is doing, try to hollow it out until it is once again satisfactory.
Value and price coincide on this matter, which makes it extremely delicate. A diminished PoC model hurts the appeal and value/price of karma, thereby limiting the possibilities of the LLC. The PoC model and the LLC are interdependent and I hope this is something everyone will keep in mind when discussing.