What's wrong with the new logo ?
Don't make sense.
Just to give an update on the graphics, I'm going with an elephant, with a trunk pointing up, not down... as this is a sign of goodluck

Hi, JWC
As the new project lead, I will be incorporating your designs into a survey that will be performed of our target market*
Basically, we will ask 20+ people that know nothing about Karmacoin about each design when introduced to the Karmacoin concept.
I do have one idea for a logo that I will include. It is a fractal elephant design. I am not a designer but if you or someone is interested in modifying the below graphic a bit with colors or lines, it would be much-appreciated. (I used the MSN butterfly logo colors) Credit for your interpretation of the concept can go to whomever wants to modify it.
When I think of "karma" I think of fractal patterns, because in a way karma is like the same thing coming back to you (like repeating fractals)
Also, with this design each of the 4-5 colors represents a principle:
Kindness
Community
Sharing
Compassion
(Giving)
*more info on this and other items will come in a subsequent post/thread

I like it... I'll work on incorporating it