I actually had an account from 2001 but it got banned in 04 when I made FAHtastic.
And I've no worries about losing any karma. Apart from the aforementioned banning, I think I've lost maybe 3 karma on this account? I've been modded a few times, in fairness, twice for spoilers without warning (one was overturned because they were fake spoilers), once for making a half-joke (and by that I mean it was half-joke and half-stupid) about America's gun culture and twice for making fun of Ulti.
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Still the number one reason for the success of the Internet