Karma inflation... How to fix it???

[Sub-Zero]

Hey guys,

The way things are going, it seems we are headed to a Karma inflation. It is very possible that within the next year we will have members in the Billions...


DO you guys have any ideas on how to slow down the rate of Karma inflation?








-BRR

tax everyones karma by 65%

 

[Sub-Zero]

Oh and BTW-

I don't really post here much. Threads like these are my only chance to get to know the members...

Lets please try get some serious replys.

Next time before you bitch about being overlooked for a project or Mod position... Please try to remember what kind of impression you give off in the threads that matter....





-BRR

or make it so plat members can credit the karma they have into certain months of plat membership, so this way they cant sue u for robbery since somepaid real money for their karma.

give them the option to redeem it by a certain time period and put all sorts of banners that detail it so u can hope some people are too lazy or forgot to redeem it. make it like a huge form they have to fill out to deter some people from doing it, since somepeoples time is more valuable than their money.

but do the 65% thing

 

[MattTheSkywalker]

Take the #karma/#posts and multiply it by 100, this is a better measure.

For illustrative purposes: If someone has 100 karma and 100 posts that would be 100*(100/100)=100.

So my new value would be:

(2,390,825/9521)=251.1 x 100 = 25,111



And so on.

This discourages people from posting, as more posts will lower your karma. The LAST thing we want is less activity on the boards.

 

[foreigngirl]

what about slowing down on how often our K power is going up? Instead of 1 karmic power for each 1000 posts (and for each month) for plats, make it to be like - we get 1 karmic power increase every lets say 5000 or 10 000 posts (or each 3 or 6 months)

 

[perkele]

what about slowing down on how often our K power is going up? Instead of 1 karmic power for each 1000 posts (and for each month) for plats, make it to be like - we get 1 karmic power increase every lets say 5000 or 10 000 posts (or each 3 or 6 months)

That really doesn't change it much. Secondly, if karma power should go up it should go up by the months you'be been a member here. Not by the amounts of K members whore daily.

 

[MattTheSkywalker]

BRR

there is no limit to the amount of karma someone can have. As long as there are bookie events, someone could win a trillion karma. With real money in the real world, additional value has to be created. The current system is the equivalent of allowing people to print their own money, and then acting surprised at rampant inflation.

You have to control the supply and lower interest rates.


(1) Make bookie a separate forum with a separate currency.

(2) Karma tax. The typical graudated tax.

There also has to be a limit on the total karma available. For example, you decide that there will be a karma reserve of say, one billion karma. That is then exchanged among people and increases proportionally to the number of new members or something.

That way, getting into the karma game is easy - you can get 1,000 or 50,000 with ease, but if you want to get 10,000,000, you might have to pay a higher price for it, because there is less to go around.

You could also encourage more members to join.




You can't devalue it now because there is no limit on how much comes into the total

 

[Mr. dB]

as it is to most (98.2%?) here.

ps supposedly karma has been purchased 3387 times from about 116,000 members. does this tell you how important karma is to the MASSES?

What percentage of those 116,000 actually log in on a daily, or even weekly basis?

 

[Whiskey]

I still say tax the bookie forum. Each winning is taxed 10%. Or something along that line

Whiskey

 

[blut wump]

I've seen various references to taxation but what would you tax? Taxation is usually linked to flow of something, typically on earnings, gifts/inheritances and purchases. We are already taxed on gifting Karma and, effectively, on purchases since that K leaves the system.

That leaves us with earnings unless by 'tax' most of you simply mean that we lose a chunk of our holdings on a regular basis (Karma erosion) or as a one-off at some point. BRR has already stated that there is no intention to take our K away from us and I can't see that any consideration of this moves us forwards.

Taxing earnings (ie our daily hits) is something which would deter hitting if the hitter were taxed for hits made. Taxing the hittee is equivalent to fiddlng with the formula.

I don't see any mileage in taxation as a solution to inflation. I can see an argument in favour of taxing bets but it wouldn't be a significant part of curbing inflation.

 

[blut wump]

Why isn't this a Karma-sponsored thread? This type of thread is exactly what Karma threads were introduced for.