Post
Topic
Board Announcements (Altcoins)
Re: Transparency? Trust is based on INTENT and COMPETENCE
by
TheLittleDuke
on 29/09/2014, 18:21:07 UTC
....Since Andre & Perica are currently two of the largest stakeholders in the coin, it's fully within their power to elect to go in any direction they want to.  I fully support them and hope to join them in some specific project related work.

In the mean time, my offer to move central services and wallet development into the non-profit Strength in Numbers Foundation is still on the table.  You're not going to get any greater transparency than you will find in an IRS-990 form (google it if you need to know what that is)

That's the minimum TRIAGE to set a new foundation.  The coin still needs a PURPOSE and a CONSUMER if you want it to have a strategic value and on-going UTILITY.

-David

David,
I agree with you about Andre and Perica and fully understand and support their efforts.
What I have trouble understanding is what you want out of this? Do you intend to buy into the currency and see a value increase, looking for "project related work" that can help pay for your own costs or is there something else to it?

Personally, since I don't intend to "dump and run"  what ever helps the coin  I'm pretty agreeable to.

That's a fair question!

I intend to create a utility for Karma -- in the real world as well as in the virtual world.

Karma must be an actual platform and not just another "me-too crypto" -- there are hundreds of coinbases that offer no compelling reason to be involved other than a name and potentially some like minded people.

I personally could care less if I 'profit' from Karma's use -- and since I'm proposing putting it in a non-profit that basically negates that motive anyway.

What I am interested in building up a real community -- by bringing in NON-CRYPTO users of the coinbase -- to develop interest in its value as a means to getting access to a community for real-world transactions.

Andre & Perica have done the deepest dive on all my communication to date so they can weigh in on what they think of my ideas.

-dvd