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 This 5 million coins can never be withdrawn and also can be used for Karma funding.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.
All that will read my proposal. Please focus on how to improve PoC model, not on should it be removed or not. The discussion is not focused on kill or keep PoC.
OK. i'll bite. i am replying because i would like to share my thoughts with you.I want everyone to know that i stand behind the team and unless we hire some licensed SEC lawyer then i would not push for any POC solution . At this moment i personally consider POC terminated and on hold until it is legally cleared to offered.
Now to you reply:
please break it down a bit clearly not sure i understand it whole.
from what i do understand , here are my thoughts.
i can't agree with 75 millions. its too much. our aim is to reach minimum 500 sat price. at 10 satoshis this would be 7.5 btc worth to invest. its too much. but the public can vote on that. so we can have a general public consensus
i would like a period of 3 months or more. I also remember reading some one suggesting linear growth payments. Instead of getting the share point all at once. let say those 75 mills. some one hold them in POC then they would get %10 of the shares a week. So first day 75,000,000 x (1/1000)(x %10) , next week 75,000,000 x (1/1000)(x %20) and so one. POC was not created so anyone outside the LLC could benefit equally. it was created so we do not let non LLC members out of the loop. It was a way to provide them one more option then just trading the coins for BTC or LTC. We gave them an option to also be able to hold them for some gains. because by holding them you are helping the LLC buy not selling your coins killing the price. by not aiding in killing the momentum as reward you will receive some profit gains. In no way was there a plan to make POC holder to get equal rights to the LLC.
the LLC was created to be exclusive to who believed in the team and wanted karma to succeed. i think people should thank Kosmost for making the POC x1 rate. i think that is generous of him. : )
Thank you for sharing this. I will continue to think about the model. As far as you have said that is terminated, we all accept it cause it was already voted. If there is a legal solution and will, maybe, just maybe it will be reopened. We understand this.