A day after BehindMLM covered
GSPartners’ upcoming JONE shitcoin reboot
, Harald Seiz has announced Karatbars will also be rebooting.

In a Facebook post made roughly 12 hours ago, Seiz revealed Karatbars’ new shitcoin will be “LifeBase”.

Seiz states the reason Karatbars is rebooting with a new coin is to realize a “basic income system”.

Plenty of hard-working people ask themselves where all the money for “1,000 euros a month for everyone” should come from and whether anyone would still work then…

Frankly speaking, I was also skeptical at the beginning – however, as it often happens in the case when you are concerned about the topic, you just quit all that black-and-white thinking only.

As a result, I have managed to quickly develop a basic income system – a cryptocurrency based on Blockchain and backed with gold, and therefore – solid and inflation-proof.

It is called Lifebase and it is supposed to run in every single country in the world.

To point out the obvious: 
Seiz doesn’t elaborate on 
where
the promised 1000 euros a month is going to come from.

If we consider Karatbars’ past, and that the previously launched V999 token is a failed crypto pump and dump Ponzi scheme, one can surmise Lifebase will be the same.

Everyone who invests early gets 1000 EUR a month from later investors, who get 1000 EUR a month from those who invest after them, who get… oh hey there’s no more new investors left.

HAY GUYS TIME TO LAUNCH A NEW COIN!

Following his
meltdown last year
, Seiz now seems to be having a midlife crisis.

Seiz, who is pushing sixty and I’m confident rocks a toupee, posts photo after of photo of him dressing like twenty-something year olds did in the 80s.

A lot of Seiz’s photos showcase how he’s spending Karatbars affiliate’s money.

Naturally this hasn’t gone down well:

While Seiz doesn’t address his victims, to his credit he’s not removing the criticism.

V999’s current internal trading value is not made public. Based on the above comments though, it appears to be worth peanuts.

Seiz runs his various Karatbars Ponzi schemes from Germany. To date German authorities have taken no action against Karatbars or Seiz.

If it isn’t abandoned before then, according to Seiz Lifebase is scheduled to launch someone in Autumn 2021.

Update 18th June 2021 – 
Harald Seiz has deleted the LifeBase post from his Facebook page.

🤖 Quick Answer

What is LifeBase according to Harald Seiz's announcement?
LifeBase is Karatbars' new cryptocurrency reboot announced by Harald Seiz. The project aims to implement a basic income system through blockchain technology, replacing the previous Karatbars coin structure with a cryptocurrency-based platform designed to support universal basic income mechanisms.

Why is Karatbars transitioning to LifeBase?
Karatbars is rebooting with LifeBase to establish a basic income system. Seiz indicated the transition addresses concerns about funding universal basic income distribution, positioning the new cryptocurrency as a solution to implement regular monetary payments to participants.

How does LifeBase relate to previous cryptocurrency projects?
LifeBase follows a pattern of cryptocurrency reboots in the sector, occurring shortly after GSPartners announced its JONE coin reboot. Both initiatives represent renewed efforts by

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