i was wondering to is their even a non binding letter of intent for the sale?
When we have successfully forked to X11 (and have taken care of some other outstanding issues, as noted in its original post) then I can discuss what I know so far.
As mentioned, we have not put Lill up for sale. It's an offer made by an interested party. Our focus is on adding value as much as we can to the Karma ecosystem, and this includes my exploration of a VC that is interested in Lill. Now that I know the nature of his interest we can know how to weigh it.
My first priority is to Karma, so now I am making sure that we make the shift to our new, energy-efficient algorithm successfully so that we can continue to talk about Karma in a good way.
The nature of cryptocurrency is quite feeble and perhaps a bit schizophrenic, with over-saturation in the marketplace and lack of trust in coins (with most coins failing within 30 days). Our plan is for Karma to not only be alive in 1 year and beyond but
successful. That will not happen if we are focused on day-to-day price movement.
Problems arise when we apply altcoin thinking to Karma. Karma is born of this, but is so much more. Karma is something unique, with long term vision and goals since the new team started 3 months ago.
Many of the cryptocurrency community now have short term intentions for immediate profits. I liken this to the difference between day traders in stock markets and the truly wealthy, who have built up fortunes by balancing wisdom with patience. Such irrational exuberance was promoted by the "dot-com boom" that many of us don't remember well enough. And now we have a cryptocurrency boom, with the same kind of actors and conditions in place.
We are more like Amazon and less like WebVan.
Go Karma!
