Quote from: Alphi on October 24, 2014, 01:15:22 PM

Quote from: heavyhess on October 24, 2014, 12:45:32 PM

So what do we need to do as a community to move forward? Although I lost 12.6mil on mintpal I am confident we can move past this. We have endured several sinkholes in the road as of late. There are shitty people in this world. All the more reason for good Karma to prevail. I am going to keep mining Karma and hopefully doing good things with it. I propose we rally behind a cause and all donate.

welcome, and thanks for the post.
having a donation drive is a good idea but the problem we have is lack of liquidity in the market due to the collapse of mintpal.

if we all donated coins now then the person collecting would have to dump them onto cryptsy so that they could transfer into BTC or fiat to give to the charity.
because cryptsy has low volume this would cause the price to drop significantly or it would make the transfer process extremely long and tedious.

so really we do need to wait for a liquid market to develop before we can move forward with any kind of significant donation drive.

kinda sucks but that's where we are now.

Just a small, humble plug for the https://doabitofgood.com/bit4bit matching funds -- we accept Karma directly and can do campaign matching in Karma directly without having to do the exchange -- otherwise, as you've noted, you're really only just shuffling deck chairs around if you send someone coins only to have them dump them all onto an exchange at one time.

-dvd