Good newsI want to get this 'out there' asap so everyone has the same information. Earlier today (about two hours ago) I posted a quick update on nxtforum.org in response to a query regarding whether ORA was still 'alive' or not. In my reply I mentioned that another ORA follower, Jack Needles, had suggested to me privately via a PM recently that ORA would be a great candidate for NXT 'shuffling'. Jack and myself traded a few PM's over a couple of days recently on the subject.
Within a short while of my post, jl777 posted some ideas and indicated that he liked the basic idea (i.e. ORA *could* become the NXT communities default 'shuffling' MS coin). That's as far as things have progressed, but having jl777 "interested" is obviously something I'm very pleased about, and from past experience I know that jl777 getting involved and "interested" with projects is very noteworthy!
I want bitcointalk users to be aware of this information too, so everyone has the same information at roughly the same time. So far trade of ORA on the NXT AE is the same as before (i.e. last trade was 9th April), but having a 'sexy' real world use case with obvious merit (i.e a NXT defacto shuffling coin to add anon capabilities to NXT), and jl777, arguably the most respected developer in the crypto community, showing .... (read what jl777 said for yourself, make up your own mind) .. well, things might change for ORA a bit now, so everyone should have the relevant facts at roughly the same time.
Please note that lots of MS currencies will potentially use 'shuffling', so this isn't an exclusive thing for ORA or anything like that, but for anon shuffling to work effectively the relevant MS coin needs to have lots of users 'shuffling' at the same time, and that probably means the community might decide to unofficially 'anoint' an MS coin with a good back story as the defacto 'shuffling coin', and ORA's history and wide distribution puts us in a good position to fulfill that roll.
A good day for ORA!
...so Am I right to say that ORA is practically dead or half-dead at this moment?
Sorry for not replying earlier!
I'm pleased to report that ORA is definitely NOT dead. We're currently waiting for:
1- ver 1.5 of NXT to be released which will include phasing, which we'll use for community fund accounts
2- the return of Darkhorse, our original community, who hasn't been active for a while .
Well known forum member 'Pilot' has volunteered to be a community treasurer in the event that DH doesn't come back to us, so we WILL be able to reconsruct everything regarding the MIC redemption from DH's various community fund accounts. Some people sent in their MIC and ORA assets in preparation for conversion into the 'XOR' MS currency, but many didn't.
Once NXT ver 1.5 is on mainnet we will create a new multi-user controlled phased community treasurers account, which we'll use to create the ORA MS currency (maybe not named 'XOR' now, as Darkhorse has complete control of that account) and then we'll reconstruct redemption balances that were sent in prior to the original deadline, then we'll proceed with the remaining redemptions for those who didn't send in their MIC & ORA assets before.
I'm still hopeful that DH will re-appear. He was/is a good community guy, and his part of the world did suffer some major flooding earlier this year, and that may have made it hard for him to pursue his crypto interests in recent months. His ORA accounts have been idle, so it appears he's not active, but we're still hopeful he'll be back, but if he isn't, we can still proceed.
The other day forum member 'Jack Needles' suggested a possible use case for ORA MS currency as the 'go-to' coin to anonymize NXT accounts via 'shuffling'. I think this is an excellent idea to pursue further, as basic fungibility of crypto currencies is in serious doubt without the ability of ALL users to periodically anonymize their coins when they wish.
ORA will be (probably) the MS coin with the widest distribution (and we still have coins to distribute too!), so Jack Needles suggestion to try and position ORA MS as the NXT communities defacto 'shuffle coin' is definitely worth debating & exploring further! Thanks Jack
More details on NXT shuffling can be found:
https://nxtforum.org/monetary-system/ms-coin-for-shuffling-nxt/Feature description on bitbucket:
https://bitbucket.org/JeanLucPicard/nxt/issue/135As always, ORA loves feedback, input, advice, suggestions, criticism - engagement!!
I like this idea of a default shuffle coin!
It will require payments on a regular basis for the tx
However, I think what would be most effective is to have a single block every so often where all the shuffling happens
No matter how good the shuffling if the total anon set it 2, then it has little privacy.
But if ALL ORA users at block N*1000 did the shuffle, then it will do a few things
a) totally fill up some NXT blocks
b) randomize which tx end up in these full blocks
c) create a pretty large anon set, which will allow others to more safely mix their tx during this specified block
d) create regular (weekly?) events that are at least noticeable
However, ORA will need to have a meaningful market value for it to be useful for doing anything real.
The total value should be > than the total tx volume of these shuffling blocks. I have an idea for this.
Also, I think someone can make a shuffle party plugin so you can set it to be active and it shows some cool countdown sequence, or just memes to tie it into its MIC history
James
from:
https://nxtforum.org/ora/(ann)-xor-redemption-process/msg175481/#msg175481
formally, they are indeed lost, but well documented, so you will get an equal amount of the newly minted XORA
