Without that, it's simply psychology. If you reduce the number to 10%, say 9bil, and the price goes from 1 sat to 10 sat you think "oh, this makes the market better," but if trading at 1sat worth of ltc or 10 sat, it is still the same thing. Imo, psychologically, people getting into the idea behind karma will like the idea of giving to people. Giving someone .001 is a joke to the average person and they wont bother. Giving 10, 100, 1000, etc seems like it is something regardless of if the value of all of those is the same. I think part of the pain for btc to move forward is its high value. No one, not really understanding bitcoin, wants to spend $200 on .3 of something or gift their friend .001. If they were buying 30, it seems like something and when the price moves they can interpret it better.
In the end its the same thing, different numbers, and changing it just to stay on the satoshi wagon is a waste imo. I personally think the strength is in the amount, long term specially. I think the feeling and psychology behind that is a strong strong point for adoption. The other side is people selling it don't want to sell 1mil for .x btc, selling smaller amounts feels less like a waste to them. But its the same thing either way. Raising the individual value of karma, imo, goes against the idea of people using it for its purpose and is just traders wanting their way and people excited about it wanting to see it worth something.
A good example is the tipping app. People toss around 1k-50k of a coin and its like 'wow, look what they gave out' If they were tossing out 1 and 2, its just meh--I might not know anything about either coin, but I notice to big numbers and don't think twice about the small. That is personally why I always bought into the size of karma. When I see something great I want to say, "here is 50k for awesomeness," not "here, take my meager .5"--even if they equal the same thing. With the proposed ratios that would be an extreme example but its the same idea. If you are interesting in this coin and believe in its long term, wide, adoption I think changing the amount is a temporary bandage and a waste of potential--and also quite risky if the market doesn't move to meet the new size.
I agree with this post.
I think psychology is a very important aspect when dealing with this.
Another thing that worries me is the growth potential / reward / expectations after the reverse split.
I keep reading about attracting investors so what can we expect from an investor point of view?
One thing is for certain, the investor will want his capital back plus some.
This means if the investors don't see a high growth potential, they will simply not invest.
So if we take for instance 1:1000 split wouldn't this hurt us more because then people would have to buy more to reach their initial growth expectation? I don't think people will start doing it...
Just my 2 karma cents....
Yeah , sure 20 yeas from now. When karma has $billion market. And its mains stream. But right now At this moment we are overwhelmed by people looking for quick profits. as we stand right now. These coins are too many to keep a healthy cycle. No investor will want to invest because they know that some one can own 50mill coins with $50.If the price rises up to say 20 satoshis we will get mass dumping from people in it for the quick on. Only when people sell their coins they will be in millions and crushing down the price back to 3-4 satoshis
What we are trying to do is minimize people trying to make a quick profit. As mentioned billion time above if some one would try to make 1 btc gain while we are in 1:1000 split. They would have to buy at 1000 satoshi and sell at 2000 satoshis. They would have to wait for the price to rise 1000 satoshis to see that gain. There'd fore it would minimize any outsiders from jumping in to take adventage of us.
Such move will leave only people who really believe in us to keep investing. Showing true collets of te coin
Since most of our investors have shown to hold we would get rid of all the one holding us back.
From now until we go mainstream as you all keep posting about its a long jurney. Perhaps by then we would have many token coins that can be used for deferent options and one of them could have billions of coins to satisfy the feel of tipping more and 100 karma
Ps: no one tips karma. Except the team.