Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Forum related => Topic started by: dragononcrypto on December 09, 2020, 11:58:28 AM

Title: How expensive are karma appeals above -5K?
Post by: dragononcrypto on December 09, 2020, 11:58:28 AM
Quote from: admin on November 01, 2017, 04:36:09 PM
  • When appealing in the court, the negative karma removal cost goes up by a factor of 4 as follows:
    • 1 negative karma: - 100 to 400 points ~ equivalent to 1-4 ALTS
    • 2 negative karma: - 400 to 1,000 points ~ equivalent to 4-10 ALTS
    • 3 negative karma: - 1,600 to 4,000 points ~ equivalent to 16-40 ALTS
    • 4 negative karma - 6,400 to 16,000 points ~ equivalent to 64-160 ALTS
    • 5 negative karma - 25,600 to 64,000 points ~ equivalent to 256-640 ALTS


I decided to calculate the cost of appealing negative karma beyond -5 out of curiosity, here is what I discovered.
// Given that 100 points = 1 ALTS (https://www.altcoinstalks.com/index.php?topic=833.0) and cost goes up by a factor of 4:

5 negative karma: - 25,600 to 64,000 points ~ equivalent to 256-640 ALTS
6 negative karma: - 102,400 to 256,000 points ~ equivalent to 1K-2.5K ALTS
7 negative karma: - 409,600 to 1,024,000 points ~ equivalent to 4K-10.2K ALTS
8 negative karma: - 1,638,400 to 4,096,000 points ~ equivalent to 16.3K-40.9K ALTS
9 negative karma: - 6,553,600 to 16,384,000 points ~ equivalent to 65.5K-163.8K ALTS
10 negative karma: - 26,214,400 to 65,536,000 points ~ equivalent to 262.1K-655.3K ALTS


To put this cost into perspective, as of writing sell orders are valued at 0.0002 ALTS/ETH (https://forkdelta.app/#!/trade/ALTS-ETH),
// With a current Ether price of approximately $550:

1 negative karma: ~ equivalent to 1-4 ALTS ~ value 0.0002 - 0.0008 ETH ~ $0.11-$0.44
2 negative karma: ~ equivalent to 4-10 ALTS ~ value 0.0008 - 0.002 ETH ~ $0.44-$1.10
3 negative karma: ~ equivalent to 16-40 ALTS ~ value 0.0032 - 0.008 ETH ~ $1.76-$4.39
4 negative karma: ~ equivalent to 64-160 ALTS ~ value 0.0128 - 0.032 ETH ~ $7.03-$17.58
5 negative karma: ~ equivalent to 256-640 ALTS ~ value 0.0512 - 0.128 ETH ~ $28.12-$70.31
6 negative karma: ~ equivalent to 1K-2.5K ALTS ~ value 0.2 - 0.5 ETH ~ $109-$274
7 negative karma: ~ equivalent to 4.1K-10.2K ALTS ~ value 0.82 - 2.04 ETH ~$488-$1.1K
8 negative karma: ~ equivalent to 16.3K-40.9K ALTS ~ value 3.26 - 8.18 ETH ~ $1.7K-$4.4K
9 negative karma: ~ equivalent to 65.5K-163.8K ALTS ~ value 13.1 - 32.76 ETH ~ $7.1K-$17.9
10 negative karma: ~ equivalent to 262.1K-655.3K ALTS ~ value 52.42 - 131.06 ETH ~ $29.1K-$71.6K


The likelihood of users having over 100K or >1 million points (to remove 6 or 10 negative karma) is unlikely,
Therefore there is an easier way to remove negative karma with payment in ALTS:

Quote from: admin on November 01, 2017, 04:36:09 PM
Removing negative karma with ALTS (https://www.altcoinstalks.com/index.php?topic=182908.0) (and points):
  • To remove negative karma the easiest way send 3 ALTS/per negative karma, read the announcement here (https://www.altcoinstalks.com/index.php?topic=182908.0).
  • Send the following number of ALTS tokens to this address: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
    • 1 negative karma: - 3 ALTS ~ equivalent to 300 points  ~ upto 25% discount
    • 2 negative karma: - 6 ALTS ~ equivalent to 600 points   ~ upto 40% discount
    • 3 negative karma: - 9 ALTS ~ equivalent to 900 points  ~  40-75% discount
    • 4 negative karma - 12 ALTS ~ equivalent to 1,200 points  ~ 80-90% discount
    • 5 negative karma - 15 ALTS  ~ equivalent to 1,500 points  ~ 90-95% discount
  • Note: You will also lose some of your points. Once transaction sent, pm admin (https://www.altcoinstalks.com/index.php?action=profile;u=1).

So if for example if you have -10 karma, instead of paying with 26.2-65.5 million points that you almost certainly won't have.
It'd cost you 30 ALTS (0.006 ETH / $3.33), instead of the equivalent of 262.1K-655.3K ALTS (52.42-131.06 ETH /$29.1K-$71.6K)
This would make it a 98.98-99.99% discount by paying with our forum token to have -10K removed :)


Summary Info
1 ALTS = 100 Points
1 -Karma = 3 ALTS
1 ALTS = 0.33 -Karma
1 Point = 0.01 ALTS
Title: Re: How expensive are karma appeals above -5K?
Post by: Nostoman on December 09, 2020, 10:32:14 PM
I would like to make the post exactly in my country section. Beautifully highlighted a topic. Some rules should be made to improve the forum.

Of course these rules will contribute to the improvement of the forum. I think some more drastic steps should be taken. However, users must feel comfortable. New users should be discounted. But it is happening. Moving forward. However, some users constantly try to catch others wrong. The rules are good for correcting them. Of course there are some rules now for those who constantly make mistakes, I think it will be tightened later.