Why would anyone switch their money or BTC into karmacoin?
Wouldn't they have to preemptively think that they might tip someone in the future so they will have to go out of their way to buy these karmacoins?
Why wouldn't they just tip in bitcoin?
What is the point of this coin?
This sounds like the bogus health-care coin all over again.
i think it's more like reddit karma than doge tipping
yes but you have to pre-buy these coins to do the tipping.
It's like going to an arcade and having to buy arcade tokens instead of just putting your damn quarters in the machine.
No one wants to do that.
or you could mine them.. same with doge homie.
yes, me or you could mine them, but thats not the point.
People are not going to see a news article, think "wow what a nice guy! i should tip him some karmacoins!" then go out and mine the fucking coins are they. No, they are certainly not.
The OP wants the world to use these coins, but there is no incentive to.
.. i highly doubt op expects the whole world to use them.. maybe just the community. either way, you're points are intangible at best.
I think that you are using the world intangible incorrectly.
Me saying that this coin was poorly conceived is pretty fucking rational isnt it?
This whole coin is based on an intangible concept.
-Our goal is to see Karmacoin donation addresses appear in things like news articles about people who went above and beyond to be good. Soon after someone reads the article like that they will now have a way to reward the person who did good.
in "news articles" (i.e. adopted by news networks, everywhere), not "just the community".
I understand you are mining this so you have a vested interest in it succeeding so that your hashing time is worth more. But you are supporting crap. Not saying it won't make money. But this coin offers nothing to the community and you shouldn't pretend it does.
It's our duty to point out crap and call it as such.