Pages:
Author

Topic: [ANN] ORA :: NXT 'monetary system' currency - page 20. (Read 181197 times)

member
Activity: 99
Merit: 100
50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 499,998,000 coins.

The initial plan was to distribute 166,666 coins to 3000 webapp registration. However after much filtering for sock puppets thanks to Mac Red, the final 1st round stake holders list came to 839 holders only. Which we have distributed their stakes in Nxt Ae.

2nd round of distribution will be done with "proof of action" theme, where a user can submit a form of action done to receive his stake. These actions will be in the form of submitting a video about Ora, Logo Bomb etc which will be announced after our logo voting is completed. One can also submit in order to receive a new stake or adding his stake via these actions. This is one way of removing sock puppets. This is being done first due to the release of Nxt Voting will take some time. This way we are not wasting our time, or in another word, we are being productive.

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.

Hi @DEV, as i mentioned weeks before, i am one of the original shareholders , but my ORA asset  got stolen due to weak password.  

my question is, in the future round of distribution, will original share holders likely receive more coins?

I think due to upgrading of hash power, the NXT brain wallet key more easily get cracked.      If i am still eligible to  receive more ora, i would like update my wallet.

Thx
legendary
Activity: 826
Merit: 1002
amarha
Does Ora have an IRC channel going?

I checked #ora on freenode but that's obviously not it.

I like a lot of the ideas behind Ora and like to follow what's going on.
sr. member
Activity: 252
Merit: 250
50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 499,998,000 coins.

The initial plan was to distribute 166,666 coins to 3000 webapp registration. However after much filtering for sock puppets thanks to Mac Red, the final 1st round stake holders list came to 839 holders only. Which we have distributed their stakes in Nxt Ae.

2nd round of distribution will be done with "proof of action" theme, where a user can submit a form of action done to receive his stake. These actions will be in the form of submitting a video about Ora, Logo Bomb etc which will be announced after our logo voting is completed. One can also submit in order to receive a new stake or adding his stake via these actions. This is one way of removing sock puppets. This is being done first due to the release of Nxt Voting will take some time. This way we are not wasting our time, or in another word, we are being productive.

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.
full member
Activity: 353
Merit: 108
50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 coins.
member
Activity: 112
Merit: 10
Just wait qora release their source then we will get high Cheesy Cheesy :DYou guys are cool!
sr. member
Activity: 308
Merit: 250
Do what you feel is right but leave some space for our VERY COOL  Cool logo on top. hehe.

And September is going to be a very busy month for ORA with our activities i think.

YES!! Having a swish new Logo, and then starting 'phase 2' giveaways etc will really give ORA a boost!!

Exciting times Smiley
sr. member
Activity: 252
Merit: 250
Do what you feel is right but leave some space for our VERY COOL  Cool logo on top. hehe.

And September is going to be a very busy month for ORA with our activities i think.
sr. member
Activity: 308
Merit: 250
Thank you nio for clearing our grey areas and uncertainties in the coin's development. Ora gearing towards real business approach.  Cool

@Kora, please remove the "clone of Qora" from the OP.

We should indeed remove that part now.

Good suggestion guys! I've also added nio's statement to the OP.

The OP here on BTT definitely needs some work. I'm thinking maybe we should archive what's there now on a thread  over at oraforum.org, and then we give the OP here a full face-lift. If anyone has any ideas let me know!! (I think it's obvious formatting & design isn't my strong suit lol )
sr. member
Activity: 252
Merit: 250
Yeap. There is a lot to change in the OP now. It will be good to clear all the QORA speculations now.

6 More days for Logo Voting. So everyone please vote for 3 best logos in the logo submission thread.
sr. member
Activity: 299
Merit: 252
Thank you nio for clearing our grey areas and uncertainties in the coin's development. Ora gearing towards real business approach.  Cool

@Kora, please remove the "clone of Qora" from the OP.

We should indeed remove that part now.
sr. member
Activity: 252
Merit: 250
Thank you nio for clearing our grey areas and uncertainties in the coin's development. Ora gearing towards real business approach.  Cool

@Kora, please remove the "clone of Qora" from the OP.
member
Activity: 101
Merit: 10
Hi all, see here:  https://bitcointalksearch.org/topic/m.8515196 for an announcement regarding using Qora as the source code base for Ora.

kind regards,
nio
member
Activity: 112
Merit: 100
So many words in the thread,it took 1hour to read it.i think next time i will apply for a share.
sr. member
Activity: 252
Merit: 250
ORA LOGO VOTING - End 31st August 2014
Ora has some of the most coolest logo submission in the entire crypto-currency scene. Check them out now and Vote! & Show your support!

Logo Voting thread :

https://bitcointalk.org/index.php?topic=697958.280

These are my choices for now :-

Here is my final vote. Updated again.Sorry Pentamon

Vote No.1.


Vote No.2.



Vote No.3.




sr. member
Activity: 252
Merit: 250
How much attention does Ripple and Stellar actually get?  Stellar had to "throw money on the street" to get any attention and after they clawed back on the freebies people stopped caring.  Ripple is this obscure thing which is technically older than Bitcoin (Ripple originated in 2004 by Ryan Fugger) and it hasn't really gone anywhere big in its' lifetime.

I'll give credit when it is due - Ripple has made their owners millions and Stellar may make millions due to the 90%+ premines.  Not entirely sure how either is legal and why they have not be shut down by the US Government but eventually they'll get the Napster treatment if either becomes too big.

Cheers for taking a step backwards.  Crypto currencies should be moving in the decentralized direction, not centralized like Ripple / Stellar / Ethereum.


Look at this way, Stellar has opened a big gate to larger community audience / acceptance. It doesn't matter if Stellar fails or wins in the end, but they have done their part in opening crypto to larger and larger community around the world. You will be surprised at how nations other than China and India has started looking at crypto currency, especially, Thailand, myanmar and vietnam. These are developing countries and booming. To me, it is a positive thing to look at.
sr. member
Activity: 308
Merit: 250
How much attention does Ripple and Stellar actually get?  Stellar had to "throw money on the street" to get any attention and after they clawed back on the freebies people stopped caring.  Ripple is this obscure thing which is technically older than Bitcoin (Ripple originated in 2004 by Ryan Fugger) and it hasn't really gone anywhere big in its' lifetime.

I'll give credit when it is due - Ripple has made their owners millions and Stellar may make millions due to the 90%+ premines.  Not entirely sure how either is legal and why they have not be shut down by the US Government but eventually they'll get the Napster treatment if either becomes too big.

Cheers for taking a step backwards.  Crypto currencies should be moving in the decentralized direction, not centralized like Ripple / Stellar / Ethereum.


I'm not a big fan of the corporate structure of Ripple, and their history is a bit dodgy too (I'm not sure what motivates Jed Mccaleb with Stellar too), but I think the basic tech idea is awesome, and it's open sourced. After having used Ripple since it first came out last April/May, I'm convinced it is a major break through for global payment systems.

Using Ripple, I could in theory earn baby sitting credits from my neighborhood baby-sitting club that ran a gateway, and I could use them to buy something anywhere in the world, and the seller could receive payment in anything they chose (USD, bitcoin, ORA, Yen, local currency from their town/city etc etc). This ability - I pay in what I want, and you receive in what you want - is amazing, and it's open source.

Don't worry about RippleLabs or Stellar, just get excited about the tech. Have you ever sent an international payment before ... complicated, slow, expensive. That's history, and the unbanked masses from Africa, Asia & South America will be the beneficiary of this tech too.

RippleLabs & Stellar both might fail, but the code behind them is real, and it's free & open, and anybody can use it TODAY!
hero member
Activity: 756
Merit: 506
How much attention does Ripple and Stellar actually get?  Stellar had to "throw money on the street" to get any attention and after they clawed back on the freebies people stopped caring.  Ripple is this obscure thing which is technically older than Bitcoin (Ripple originated in 2004 by Ryan Fugger) and it hasn't really gone anywhere big in its' lifetime.

I'll give credit when it is due - Ripple has made their owners millions and Stellar may make millions due to the 90%+ premines.  Not entirely sure how either is legal and why they have not be shut down by the US Government but eventually they'll get the Napster treatment if either becomes too big.

Cheers for taking a step backwards.  Crypto currencies should be moving in the decentralized direction, not centralized like Ripple / Stellar / Ethereum.



sr. member
Activity: 308
Merit: 250
Mission statement: Bootstrap ORA, a clone of Qora with a free & fair equal distribution on a mass scale to over 3,000 stakeholders.

Can you clone BTSX instead of Qora? It seems that BTSX is more worthy to clone.

I think cloning QORA is a better opportunity than BTSX. Noones going to buy into a BTSX clone when BTSX is fine and doing well as it is.

On the other hand QORA is and has been totally screwed from the start. Distribution completely botched, incompetent community, horrible management, no open source, 1 man dev team.

Also I would like to add that the funds raised during the IPO have not been allocated towards development but merely pocketed by the developer (wtf?).

Also, get this, the developer, whom of which everyone is reliant on for developing the coin IS NOT EVEN INVESTED IN THE COIN HIMSELF! He has no stake in the project, merely operating on good faith. Would you trust a CEO to run your company if he has no stake in it and is not getting anything in return for working? How well would that CEO perform? Would he care about the companies success? Would he act in shareholders interests or in his own self interest that of which is divergent to those of investors?

Qoras an absolute disaster and we should capitalize on this. We have a large community, competent leaders, fair distribution and a vision. Everything QORA is lacking. Clone it and lets accomplish what QORA has failed at miserably.


So why not coming to help instead cloning ?
You guys are snake
Waiting to take advantage of others work


As the original 'snake' I think I should probably respond to your suggestion to 'come and help', which I assume means why don't we come and help Qora. That's a very reasonable suggestion, and in the days after Qora was released that was my intention, and still is!

I am not a technical person, so I can't help with coding work, or setting up websites etc, but what I can do is help with 'community building' and marketing ideas & promotion. In the early days of Qora I was planning to do this, and I was able to buy up a good sized stake in Qora once I had the opportunity, over 15 bitcoins worth.

So what changed you might ask? Why did I start proposing 'Kora: a clone of Qora', and start doing something that on the surface would appear to threaten my own sizable investment?

When I first heard about Qora and did my research I realised straight away (like many others) that Qora was something special (like NXT), and its potential was enormous. I still feel exactly the same way about the Qora dev, and the Qora tech. Both have huge potential. So what changed you ask ... nothing! I'm glad I invested in Qora, and it's part of my long term HODL portfolio now.

So why did I want to start (K)Ora then? Because it's good for Qora (and my sizable investment), and it's good for the wider crypto movement, and because it's obvious a great new coin will eventually get cloned many times over, and I KNEW my motivation wasn't cynical and short sighted, so I believed in the long run I had a good chance of helping to bootstrap a 'good' clone.

There will be plenty of scammy P & D Qora clones soon enough after the source is released, but I think history will show (K)Ora wasn't a cynical short sighted greedy clone, but it probably has contributed to making Qora a lot better. How? Because competition promotes innovation & excellence. Why was eastern block manufacturing under communism low quality? Lack of competition, so quality is low & innovation comes from government 'stick', rather than market 'carrot'(i.e. profits). That's a gross simplification, but IMO it's true. The threat of competition and possible extinction from a rival brings out the best in people.

The problem was in the early days after Qora was released the focus was ALL about pumping the price as high as possible, not growing the community, like the original NXT founders did. I tried to encourage Qora founders to think about growing their community, but that was fobbed off as 'trolling'.

The NXT founders deliberately sold very cheap in large quantities, and they were primarily focused on increasing user numbers (i.e. NXT'ers), not the NXT price. There was a price increase for NXT (and IMO it was too high too quick), but it was NOT orchestrated by deliberate actions to restrict supply and force up prices. There is a time for HODL'ing, but it isn't a week after a coin with only 137 users is launched. That's the time to distribute and grow your community. NXT founders seemed to understand this, but Qora founders were pumping dangerously, and a devastating crash seemed inevitable, and with a small user base and a new coin everyone needs to keep in the black, so you have to avoid a P & D blood bath at all costs.

Many of the NXT founders were actively organising give-aways, and if you look at the NXT market thread from last December you can clearly see that the goal of many of the NXT founders was to make MORE NXT millionaires asap to help them spread & grow NXT. They weren't trying to guage MASSIVE profits out of the first and second waves of new NXT'ers.

If you compare the early days of NXT and Qora the difference is quite stark. NXT founders were thinking how to grow a community, Qora founders were thinking 'yippee, we're rich'. Both were very vulnerable from having a very small initial user base, but NXT changed this quite quickly, but IMO Qora founders weren't thinking about the future, just the cash out of mega profits, and Qora was likely to fail.

I did try and help the Qora community, but the majority of Qora founders didn't agree with my basic point - with 137 users the first goal is grow the user numbers, and you do that best by keeping the price low and gradually increasing it 'escalator' style, avoid pump, so there isn't a later crash, that way new investors stay above water & make a profit too - but that message was past off as just 'trolling'. I wasn't using this 'Kora' identity then, but I think many Qora followers know who I was.

In the early days after Qora was released I quickly came to the conclusion that the Qora community (not the Qora dev or his/her code) was vulnerable to competition. There was too much focus on quick profits from pumping the price. Review the Qora thread from mid May on wards, and you'll see plenty of posts from IPO investors encouraging each other to 'hold out' for 100 satoshi starting price, restrict supply, and quickly pump the price to ridiculous levels. Some even suggested holding out for 500 satoshi. All the focus was on the 137 IPO investors turning their impressive return into an astronomical return, of NXT proportions.

The Qora IPO investors were understandably excited & happy at their good fortune, but their price pumping behavior was still very short sighted for a coin with only 137 stakeholders. The first task should have been to increase the number of people involved with Qora, by a massive amount. I'm talking 10X minimum to at least ~1000 people holding & following Qora. The original stakeholders were making a critical error IMO. If you pump the price too high too fast, all those first round people get burnt, AND LEAVE. The big picture strategy was clear to me, keep the price low and stable for a good while to encourage new people to buy & join the Qora community. That would still have given the original IPO investors a great return, with a good prospect of MASSIVE returns later on, once the community had grown. I can't remember the numbers, but even at ~20 sats the original IPO investors are making a great return, and it still would have left plenty of room for a decent return for the first and second waves of new investors.

A pump in week 1 that started at 100 sats and went to 500 quickly was MADNESS, but that's what many people were pushing for. I bought a big chunk at ~35-50 satoshi, so I'm underwater with Qora, but I can afford it, but not everyone can, especially people on modest incomes in countries with relatively low exchange rates. How many Qora could a student in China or India or Brazil buy at ~100-500 satoshi? How would they feel when the price crashed leaving them severely burnt?

The crypto world is very short sighted, and people expect coins to die very quickly, so they want an instant return before the coin dies, then they hit the eject button and jump onto the next coin. Qora was obviously something different but some of the notable IPO investors were conducting themselves as if Qora was a get rich quick scheme from a stock standard bitcoin clone. That was very dangerous IMO, and with only 137 stakeholders, Qora was extremely vulnerable.

So ... I thought about Qora and realised I should put my 'money where my mouth was' and start Kora. See if my community building ideas were effective. If it worked then great, (K)Ora would be a legitimate part of the crypto landscape, and if nothing else it would put needed 'pressure' on Qora community members to get their focus on the main game - grow an effective community, leave the profit taking for later, think long-term.

Nothing I have done so far with ORA, or will do in the future is 'scammy' in any way. I obviously can't guarantee the future price of ORA, and maybe some people could lose somewhere along the way, but I'm an advocate of 'slow and steady', I'm a tortoise, not a hare, and ORA is a long term project. I hope that's clear.

Mac Red organised a great initial distribution to ~800 people, Darkhorse & fragORA are honest reliable community treasurers, we have an experienced & talented developer in nio, Pentamon has done a great job organizing the Logo selection process, and I think ORA has a good sized (but modest) number of people following our progress on a regular basis. That's a great platform to build on, and I'm very happy with where we are. Who knows what twists & turns ORA will take in the future, but I feel confident ORA can make a very valuable contribution to the crypto movement, I'm super positive about that!

Anyway, I think Qora is in a lot better position today than back in late May. The price has been stable enough that many new people have had an opportunity to buy a stake while still providing a great return for the IPO investors. The Qora dev is obviously working hard on new features, and the future for Qora is very bright, but to see this you have to think on a longer-term basis than most alt coin followers.  The key point for me is Qora hasn't burnt new people from a pump to 500 sats and a crash back to 20 like it could have. That would have created a lot of pissed off people, and that could have killed Qora, but it didn't happen.

The crypto world is very big now, and it's OK to 'love' many coins at the same time!! I love Qora & ORA, but ORA is dear to my heart now because I like the people involved. ORA can be fun & rewarding at the same time!

Just for interest, here are the coins I'm 'loving' at the moment.
These are the coins I've invested in heavily
- Bitcoin
- NXT
- Monero
- Qora
- BTCD

These are my second tier coins that I'm still unsure of, but they look 'interesting', and are good speculative investments
- Crypti
- NODE
- Cryptonite
- Viacoin
- NEM
- Syscoin
- Counterparty
- Mastercoin
- eMunie

Then there are the big 'mega coins' that get more attention
- bithshares
- Ethereum
- Ripple
- Stellar

Sorry for the wall of text, but it feels good to get that of my chest Smiley
sr. member
Activity: 299
Merit: 252
Mission statement: Bootstrap ORA, a clone of Qora with a free & fair equal distribution on a mass scale to over 3,000 stakeholders.

Can you clone BTSX instead of Qora? It seems that BTSX is more worthy to clone.

I think cloning QORA is a better opportunity than BTSX. Noones going to buy into a BTSX clone when BTSX is fine and doing well as it is.

On the other hand QORA is and has been totally screwed from the start. Distribution completely botched, incompetent community, horrible management, no open source, 1 man dev team.

Also I would like to add that the funds raised during the IPO have not been allocated towards development but merely pocketed by the developer (wtf?).

Also, get this, the developer, whom of which everyone is reliant on for developing the coin IS NOT EVEN INVESTED IN THE COIN HIMSELF! He has no stake in the project, merely operating on good faith. Would you trust a CEO to run your company if he has no stake in it and is not getting anything in return for working? How well would that CEO perform? Would he care about the companies success? Would he act in shareholders interests or in his own self interest that of which is divergent to those of investors?

Qoras an absolute disaster and we should capitalize on this. We have a large community, competent leaders, fair distribution and a vision. Everything QORA is lacking. Clone it and lets accomplish what QORA has failed at miserably.


Like Darkhorse said, come join the discussion @ the forum. Cool
legendary
Activity: 1036
Merit: 1000
Mission statement: Bootstrap ORA, a clone of Qora with a free & fair equal distribution on a mass scale to over 3,000 stakeholders.

Can you clone BTSX instead of Qora? It seems that BTSX is more worthy to clone.

I think cloning QORA is a better opportunity than BTSX. Noones going to buy into a BTSX clone when BTSX is fine and doing well as it is.

On the other hand QORA is and has been totally screwed from the start. Distribution completely botched, incompetent community, horrible management, no open source, 1 man dev team.

Also I would like to add that the funds raised during the IPO have not been allocated towards development but merely pocketed by the developer (wtf?).

Also, get this, the developer, whom of which everyone is reliant on for developing the coin IS NOT EVEN INVESTED IN THE COIN HIMSELF! He has no stake in the project, merely operating on good faith. Would you trust a CEO to run your company if he has no stake in it and is not getting anything in return for working? How well would that CEO perform? Would he care about the companies success? Would he act in shareholders interests or in his own self interest that of which is divergent to those of investors?

Qoras an absolute disaster and we should capitalize on this. We have a large community, competent leaders, fair distribution and a vision. Everything QORA is lacking. Clone it and lets accomplish what QORA has failed at miserably.


So why not coming to help instead cloning ?
You guys are snake
Waiting to take advantage of others work
Pages:
Jump to: