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Members,
We are thinking about making some changes to the Karma System and want to get your feedback.
As you realized, the main problem with the Karma System as it currently stands now is that it is very inflationary. And I can see the system getting overwhelmed at some point in the future. For the future, we need to make sure that the Karma System does not disenfranchise the bodybuilding core. They are all but powerless against the professional K-bros in Chat.
These are the ideas I liked best from the ones you and the Mods suggested. These are still ideas at this point and are open for comment. I may implement some, all, or none of them. Your comments on these ideas are appreciated. At this time, a second currency is too hard to implement technically.
1. Karma Bookie: We need to make this more like a real world sports book by adding 10% juice to the amounts wagered. The juice goes to the house, in this case EF.
2. Everyone needs to be able to have fun with Karma immediately when they join EF, so we can raise the number of hits you get when you register from 10 to 100.
3. Because of inflation, when you buy Karma, currently your money does not get you enough. We'll keep prices the same, but you'll get much more Karma when you invest in it. For example:
5000 Hits plus 5000 Platinum Bonus - Your Price: $9.97
Karma - 20,000 Hits plus 20,000 Platinum Bonus - Your Price: $19.97
Karma - 50,000 Hits plus 50,000 Platinum Bonus - Your Price: $39.97
Karma - 150,000 Hits plus 150,000 Platinum Bonus! - Your Price: $98.97
Karma - 30,000 Hits plus 30,000 Platinum Bonus - Billed Month to Month - Your Price: $19.97
4. When your Platinum Membership renews, you need to get much more Karma for every month you invest in. For example, every monthly renewal, you get 5000 Karma hits. There will be bigger bonuses for renewing at longer intervals.
5. We will open a Karma Casino and finally bring you Karma Poker. (We are sorry this is taking so long - the problem is that we are having trouble finding good software.)
6. When you give someone Karma, you are giving them your own Karma, not minting more. Remember, since you get much more on Platinum Membership renewals and since it will effectively cost less if you buy it, this will be less of a sting. Non-Plats, would have 2 x Karmic Power subtracted from their total Karma Hits. Plats would have 1 x Karmic Power plus a 5% tax subtracted from Karma Hits. Another thing to remember is that Plats can still hit for between 10% and 110% of Karmic Power, so if your Plat, and you want to reward someone for a quality post, you can hit as little as 10% of your Karmic Power and won't feel a big dent in your war chest. Those with 0 Karmic Power would hit gray like they do now. This should also help us get back to hitting members only when they post something that is really quality. Things remain as they are now for Chairman Members including their hitting for 200% Karmic Power.
7. Karma Bonds: We will sell Karma Bonds in the Karma Store. You can buy bonds for any amount of Karma you choose and for any number of months you choose. When your Karma Bonds mature, they will be worth 1% more for every month you held the bond for. Here's an example, you buy a 1 million Karma Bond and hold it for 1 year. When it matures, you get 1,120,000 Karma Hits.
8. Adjust the Karma Point Factor. Right now, for every 4000 points of Karma for Non-Plats and 2000 hits of Karma for Plats, you gain 1 point of Karmic Power. We can raise the requirement.
9. Move the decimal point two place to the left for members with more than 1,000 Karma. This should really not make anyone upset since everyone's Karma is impacted equally.
10. Allow members to buy 1 year bonds and run a huge Karma Lottery before the decimal place is moved - with the award to be paid out after the change. You buy lottery tickets @ 1 Karma Hit = 1 ticket. From the amount of tickets bought, 30% of the total goes to 1st place, 20% to second place, 10% to third place. Your chance of winning is in proportion to the number of tickets you buy.
11. Sell limited edition EF T-Shirts for 500,000 Karma Hits plus $4.99 shipping and handling.
We are thinking about making some changes to the Karma System and want to get your feedback.
As you realized, the main problem with the Karma System as it currently stands now is that it is very inflationary. And I can see the system getting overwhelmed at some point in the future. For the future, we need to make sure that the Karma System does not disenfranchise the bodybuilding core. They are all but powerless against the professional K-bros in Chat.
These are the ideas I liked best from the ones you and the Mods suggested. These are still ideas at this point and are open for comment. I may implement some, all, or none of them. Your comments on these ideas are appreciated. At this time, a second currency is too hard to implement technically.
1. Karma Bookie: We need to make this more like a real world sports book by adding 10% juice to the amounts wagered. The juice goes to the house, in this case EF.
2. Everyone needs to be able to have fun with Karma immediately when they join EF, so we can raise the number of hits you get when you register from 10 to 100.
3. Because of inflation, when you buy Karma, currently your money does not get you enough. We'll keep prices the same, but you'll get much more Karma when you invest in it. For example:
5000 Hits plus 5000 Platinum Bonus - Your Price: $9.97
Karma - 20,000 Hits plus 20,000 Platinum Bonus - Your Price: $19.97
Karma - 50,000 Hits plus 50,000 Platinum Bonus - Your Price: $39.97
Karma - 150,000 Hits plus 150,000 Platinum Bonus! - Your Price: $98.97
Karma - 30,000 Hits plus 30,000 Platinum Bonus - Billed Month to Month - Your Price: $19.97
4. When your Platinum Membership renews, you need to get much more Karma for every month you invest in. For example, every monthly renewal, you get 5000 Karma hits. There will be bigger bonuses for renewing at longer intervals.
5. We will open a Karma Casino and finally bring you Karma Poker. (We are sorry this is taking so long - the problem is that we are having trouble finding good software.)
6. When you give someone Karma, you are giving them your own Karma, not minting more. Remember, since you get much more on Platinum Membership renewals and since it will effectively cost less if you buy it, this will be less of a sting. Non-Plats, would have 2 x Karmic Power subtracted from their total Karma Hits. Plats would have 1 x Karmic Power plus a 5% tax subtracted from Karma Hits. Another thing to remember is that Plats can still hit for between 10% and 110% of Karmic Power, so if your Plat, and you want to reward someone for a quality post, you can hit as little as 10% of your Karmic Power and won't feel a big dent in your war chest. Those with 0 Karmic Power would hit gray like they do now. This should also help us get back to hitting members only when they post something that is really quality. Things remain as they are now for Chairman Members including their hitting for 200% Karmic Power.
7. Karma Bonds: We will sell Karma Bonds in the Karma Store. You can buy bonds for any amount of Karma you choose and for any number of months you choose. When your Karma Bonds mature, they will be worth 1% more for every month you held the bond for. Here's an example, you buy a 1 million Karma Bond and hold it for 1 year. When it matures, you get 1,120,000 Karma Hits.
8. Adjust the Karma Point Factor. Right now, for every 4000 points of Karma for Non-Plats and 2000 hits of Karma for Plats, you gain 1 point of Karmic Power. We can raise the requirement.
9. Move the decimal point two place to the left for members with more than 1,000 Karma. This should really not make anyone upset since everyone's Karma is impacted equally.
10. Allow members to buy 1 year bonds and run a huge Karma Lottery before the decimal place is moved - with the award to be paid out after the change. You buy lottery tickets @ 1 Karma Hit = 1 ticket. From the amount of tickets bought, 30% of the total goes to 1st place, 20% to second place, 10% to third place. Your chance of winning is in proportion to the number of tickets you buy.
11. Sell limited edition EF T-Shirts for 500,000 Karma Hits plus $4.99 shipping and handling.
