KARMA is a grassroots start-up founded to revolutionize the way humans interact with each other. KARMA is a community of individuals who believe in helping mankind one action at a time and incentivizing those actions. KARMA is a Decentralized Application built on EOSIO that is set to deploy an MVP in Q3 of 2018.That is quite the interesting and innovative idea. After reading the whitepaper, I was surprised about how short it was to be honest. But there was enough detail in there to have a good idea of what this Dapp will be about and how it will go about doing so.
[...]spark ideas as to what someone can do next to provide value for others in the world. There will be a simple interface for users to click a button and get a KARMA idea. If they want to get inspired further, users can simply continue to click the button and another idea will appear until they find an idea/action that resonates with them to act on, record and then post within the app.
Staking KARMA adds value to the entire ecosystem and solidifies trust for the long term in the KARMA token by taking it out of circulation for an extended period of time. The minimum time that a token must be staked for is 3 days. If a user unstakes their tokens, they will become available to move again after 3 days. Users are incentivized to stake their tokens to have a stronger upvote within KARMA.The concept is very similar to what Steem has done but on a much smaller time scale and without the curation rewards. It will be interesting to see how it will play out once put into practice.
Here is the breakdown of KARMA's airdrop:
click on the image see details
My worries about this project are more philosophical...let me explain:
Jesus talked about that when denouncing the Pharisees in Matthew 6:
And when you pray, do not be like the hypocrites, for they love to pray standing in the synagogues and on the street corners to be seen by others. Truly I tell you, they have received their reward in full.When you start doing good deeds for recognition or money...You are no longer doing something out of love.
Love according to Aquinas is:
Willing the good of the other as the other.Doing an act of kindness or love is it's own reward. The more I think about it, the more the concept of advertising your virtue leaves a bad taste in my mouth.
So many times, we think we are doing the "loving" things when we are in fact creating dependence or enabling bad behaviors.
Sometimes, willing the good of another means telling the cold hard truth or stop paying their rent for them. From the outside, what you are doing may seem harsh or "unloving" but you are indeed "willing the good of the other" by stopping the process of enabling something that may harm them down the road.
If you haven't seen Poverty Inc. or read "When Helping Hurts: How to Alleviate Poverty Without Hurting the Poor"...it's worth looking into. There are countless examples of Do-Gooders going out thinking they are helping while actually hurting the people they pretend to help. This happens mostly because those people think the ACT itself is the good thing rather than the result.
An example of that is Toms Shoes that by giving a free pair of shoe to kids who don't have shoes...killed the shoe industry of the countries that kid lives.
Another example was when there was boycotts on sweatshops...after the boycotts, according to a Unicef report:
Child workers, most of them girls, were summarily dismissed from the garment factories. A study sponsored by international organizations took the unusual step of tracing some of these children to see what happened to them after their dismissal. Some were found working in more hazardous situations, in unsafe workshops where they were paid less, or in prostitution.By the platform focusing on videod that showcase the "ACT" rather the result, I think we'll see a whole lot of Do-Gooders showcasing their virtue rather than what they are actually accomplishing.
