News Update : Dear everyone - please update your nxt client to the new release NRS v1.2.3 before block 213,000.
Thanks for the heads up
You've saved me unnecessary hassle. I would've missed that, I very rarely use the 'check for updates' feature 
Topic: [ANN] ORA :: NXT 'monetary system' currency - page 28. (Read 181202 times)
So have you guys created a thread for the poll yet or do we just post our opinions here first?
Thanks for the heads up You've saved me unnecessary hassle. I would've missed that, I very rarely use the 'check for updates' feature
Thanks for the heads up
You've saved me unnecessary hassle. I would've missed that, I very rarely use the 'check for updates' feature 
News Update : Dear everyone - please update your nxt client to the new release NRS v1.2.3 before block 213,000.
I think they are making this more complicated than it needs to be. The simplest way to go would be -- original stakeholders get another stake -- only if they didn't sell off the majority of their original coins.
I believe one of the poll options would be distributing to the existing stake holders. We are discussing what other options we should include for the poll. How complicated is that to you?
I think they are making this more complicated than it needs to be. The simplest way to go would be -- original stakeholders get another stake -- only if they didn't sell off the majority of their original coins.
I believe one of the poll options would be distributing to the existing stake holders. We are discussing what other options we should include for the poll. How complicated is that to you?
Don't understand why you are so adamant on distributing free stakes to people who have no interest in ORA.
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
Has someone suggested them auctioning off some stakes to fund development? If they raise a decent amount of BTC maybe they can hire someone or some people to work with nioccoin.
Don't understand why you are so adamant on distributing free stakes to people who have no interest in ORA.
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
Who's being adamant?
As mentioned plenty of times ITT, 3k turned out not to be a realistic target. That's why we decided to end registrations at a specific date instead. No one seemed to have an issue with this. On the contrary, people understood and also just wanted their free stakes asap. Obviously this realisation and change of plans led to a lot of assets not being distributed (for the time being), which everyone knew about. How to distribute the leftovers was to be discussed later. So it really shouldn't come as a shock we're having this talk now, what we should do with the rest of it.
Don't understand why you are so adamant on distributing free stakes to people who have no interest in ORA.
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
How does POS Block Rewards works?
Thanks.
Don't understand why you are so adamant on distributing free stakes to people who have no interest in ORA.
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
Burning coins at this stage imo is not a sound plan. Its more a rushing in. Distribution on later part was already announced even before the assets were distributed.
https://bitcointalk.org/index.php?topic=620518.1200
Relaks man. We have not decided. It will be decided by poll. But what we are doing right now, brain storming on our next step. Is that wrong in your opinion? We want the community to discuss, present their ideas and then from the good plans we decide on our next move. What is the point of rushing at this stage? decision was made that there will be no "top guys" deciding the moves. We are now experimenting on leaderless community experiment. I understand this will be a bumpy road but this phase must take place. It will shape our decision making process in the future. Please keep in mind, stake distribution is not the only decision making process. This is also happen in the future for other elements like bounty awarding, development, other projects etc. As a community we must able to see both at positive view and negative view. We do not rush making a decision as every decision will put this coin at stake.
Cheers.
Don't understand why you are so adamant on distributing free stakes to people who have no interest in ORA.
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
If 3k was the initial target you should have waited for it before distributing stakes and having a market price established.
Again, by topping up all current stakeholders accounts, or burning the rest of the assets, everything stays the same as it is now. The value of stakeholders accounts remains the same.
Releasing new ORA onto a market that has already been established is kin to the US GOV printing money using it themselves and making everyone else pay for it via inflation.
ORA distribution option: Megashira1 - version 2
1. Burn the remaining assets
2. POS Block Rewards
why the price is so low?
many dumpers
but I am still holding this coin
About the distribution of the just saw way or feel bad, very disappointed.
What do you mean?
Feel now develop the content of the substance is more important, rather than have to round up 3000 users here.
Client development is going on. You can check the development thread on what is being discussed.
About the distribution of the just saw way or feel bad, very disappointed.
What do you mean?
Feel now develop the content of the substance is more important, rather than have to round up 3000 users here.
It seems like nobody like "dumpers" except me.
I will give you a real example,after the IPO of NXT some initial stakers sell their coin at such low price just want more people can join the community.The price is 1BTC=1000KNXT.Just because they sell their coin at such low price then more and more people can buy NXT at such low price.That's good for the NXT's development.
I have to say people shouldn't hate "dumpers" dump their stake(coin) at low price because they just do the right thing,they just spread the stake(coin) wildely.We should hate "dumpers" dump their stake(coin) at high price because they will harm the market.
I will give you a real example,after the IPO of NXT some initial stakers sell their coin at such low price just want more people can join the community.The price is 1BTC=1000KNXT.Just because they sell their coin at such low price then more and more people can buy NXT at such low price.That's good for the NXT's development.
I have to say people shouldn't hate "dumpers" dump their stake(coin) at low price because they just do the right thing,they just spread the stake(coin) wildely.We should hate "dumpers" dump their stake(coin) at high price because they will harm the market.
People don't like dumpers out of fear for their investment. They worry that dumping en masse will greatly reduce the value of the coins they hold
I think the natural clash between hoarders and dumpers is healthy. There is no need to force a coin along a particular path. I believe that if the coin is worthy, it will come out of this initial struggle stronger and more resilient
About the distribution of the just saw way or feel bad, very disappointed.
What do you mean?
Send to all stakeholders and stop the free distribution at here.
Important: ORA Product.
Important: ORA Product.
About the distribution of the just saw way or feel bad, very disappointed.
why the price is so low?
because no product till now or long time? Until Qora decides to release their source ?
why the price is so low?
There's some very good discussion going on here, so thanks everyone! I'm very grateful to all those who speak their mind and have their say!! As long as we 'play the ball, and not the man', then I welcome ALL opposing opinions to mine, and I respect passion too
Personally, I think I'm quite open minded, and long ago I realised listening to the opinions of smart people is 'smart', and it's better to stay flexible and open to being convinced that someone else has a better plan. Values & goals tend to be fixed, but I always think it's better to have some flexibility with strategies & tactics!
We're doing OK so far, and learning how to make decisions and get things done efficiently & effectively as a 'Starfish' community *could* be the biggest challenge we face, and if we work out ways to do this then ORA will have a great future. I'm optimistic we can! I feel lots of goodwill and sincerity from intelligent thoughtful people here, so thank you ALL!
My position hasn't really changed, and I'm still in favour of keeping the left over stakes in trust while we come up with 'clever' ways to continue with the distribution until we reach the original goal of 3000 unique people. ORA has real 'value' now, and we're giving it away FREE, so who doesn't think it's possible to find ~2,100 unique people and give them a genuine freebie, with no strings attached?
I'm in favour of continuing until we reach 3k stakeholders for many reasons:
- Every new stakeholder is a potential 'doer', and ORA needs people doing things
- It's a great marketing tool - 'who wants some free money?'
- It could be a while before nio finishes the ORA software, so it'll give the community something to focus on so we don't fall off the radar
- We can ask people to do useful things for a stake e.g. promo stuff (I've got lots of ideas, I bet others have too)
- We can make the anti-sockpuppet measures more stringent, but generate something useful, like a blog post
- ~880 'looks' small (like 73 or 137) - '3,000 stakeholders' has more marketing appeal
I know many of us have been conditioned in the alt coin crypto world to feel time is moving ultra fast, and we see new coins born, rise, decline & die in a few months almost, but ORA will be different, and it has to be, because we're a long way from having our finished software. nio might be able to give us a rough estimate, but from reading his posts, and his development documents so far, I'd say he is being smart & very comprehensive with his approach, so I'd be very surprised if he rushed something out in the next little while. That's just my opinion, but it feels like we're talking months and not weeks before we have ORA software up & running, so we have lots of time to come up with ideas on how to reach 3000 unique people.
Here's a new distribution idea off the top of my head.
Short story competition, minimum 1000 words "Satoshi & BCNext on a road trip together"
How many sockpuppets would write more than one entry?
Would it really matter if someone wrote two or more entries?
Could we use the submitted short stories to add some benefit to ORA (website of all the stories with ORA branding)?
Would a few people bother to write 1000 words for 166,666 ORA assets (do some people write stories for fun for FREE as a hobby)?
Would running a short story competition be fun?
Would it keep us occupied and bumping this thread while nio beavers away on the software?
Obviously we wont get ~2K new registrations from people on this forum, and Mac Red has finished his work, and maybe we don't use the original webapp either, but I think we can collectively come up with some really clever ways to get more stakeholders, and generate some good outcomes for ORA, especially marketing. Obviously the task is still to eliminate sockpuppets, but I think that's possible, especially if we raise the bar a bit, and ask people to 'do something', like write blog post, or contribute to a wiki. I think with some creativity we can come up with lots of great ideas that make the ORA community & eco-system much stronger.
I'm not in favour of giving existing stakeholders a top-up, but if we do, then what I said yesterday is relevant. I don't think it's wise to discriminate against ORA stakeholders who sold their stake. The idea of a stakeholder top-up came once we realised getting 3000 people using the registration webapp was not going to happen, but I've always been advocating we see every stake as an 'opportunity' to further the cause of ORA.
I am concerned about the consequences on the price of a big dump for loyal supporters who have PAID for ORA, and thanks to those who have highlighted that. That is a very valid point.
Maybe it is better to decide this sooner rather than later. NXT voting system wont be live for a few more weeks. We *could* use another method, but forum polls aren't reliable IMO. We could do this maybe. Get the options, start a thread, and then ask that people vote in the thread with a post AND 4-5 lines why they're voting that way. It wouldn't be perfect, but we could see which users were original stakeholders.
Personally, I think I'm quite open minded, and long ago I realised listening to the opinions of smart people is 'smart', and it's better to stay flexible and open to being convinced that someone else has a better plan. Values & goals tend to be fixed, but I always think it's better to have some flexibility with strategies & tactics!
We're doing OK so far, and learning how to make decisions and get things done efficiently & effectively as a 'Starfish' community *could* be the biggest challenge we face, and if we work out ways to do this then ORA will have a great future. I'm optimistic we can! I feel lots of goodwill and sincerity from intelligent thoughtful people here, so thank you ALL!
My position hasn't really changed, and I'm still in favour of keeping the left over stakes in trust while we come up with 'clever' ways to continue with the distribution until we reach the original goal of 3000 unique people. ORA has real 'value' now, and we're giving it away FREE, so who doesn't think it's possible to find ~2,100 unique people and give them a genuine freebie, with no strings attached?
I'm in favour of continuing until we reach 3k stakeholders for many reasons:
- Every new stakeholder is a potential 'doer', and ORA needs people doing things
- It's a great marketing tool - 'who wants some free money?'
- It could be a while before nio finishes the ORA software, so it'll give the community something to focus on so we don't fall off the radar
- We can ask people to do useful things for a stake e.g. promo stuff (I've got lots of ideas, I bet others have too)
- We can make the anti-sockpuppet measures more stringent, but generate something useful, like a blog post
- ~880 'looks' small (like 73 or 137) - '3,000 stakeholders' has more marketing appeal
I know many of us have been conditioned in the alt coin crypto world to feel time is moving ultra fast, and we see new coins born, rise, decline & die in a few months almost, but ORA will be different, and it has to be, because we're a long way from having our finished software. nio might be able to give us a rough estimate, but from reading his posts, and his development documents so far, I'd say he is being smart & very comprehensive with his approach, so I'd be very surprised if he rushed something out in the next little while. That's just my opinion, but it feels like we're talking months and not weeks before we have ORA software up & running, so we have lots of time to come up with ideas on how to reach 3000 unique people.
Here's a new distribution idea off the top of my head.
Short story competition, minimum 1000 words "Satoshi & BCNext on a road trip together"
How many sockpuppets would write more than one entry?
Would it really matter if someone wrote two or more entries?
Could we use the submitted short stories to add some benefit to ORA (website of all the stories with ORA branding)?
Would a few people bother to write 1000 words for 166,666 ORA assets (do some people write stories for fun for FREE as a hobby)?
Would running a short story competition be fun?
Would it keep us occupied and bumping this thread while nio beavers away on the software?
Obviously we wont get ~2K new registrations from people on this forum, and Mac Red has finished his work, and maybe we don't use the original webapp either, but I think we can collectively come up with some really clever ways to get more stakeholders, and generate some good outcomes for ORA, especially marketing. Obviously the task is still to eliminate sockpuppets, but I think that's possible, especially if we raise the bar a bit, and ask people to 'do something', like write blog post, or contribute to a wiki. I think with some creativity we can come up with lots of great ideas that make the ORA community & eco-system much stronger.
I'm not in favour of giving existing stakeholders a top-up, but if we do, then what I said yesterday is relevant. I don't think it's wise to discriminate against ORA stakeholders who sold their stake. The idea of a stakeholder top-up came once we realised getting 3000 people using the registration webapp was not going to happen, but I've always been advocating we see every stake as an 'opportunity' to further the cause of ORA.
I am concerned about the consequences on the price of a big dump for loyal supporters who have PAID for ORA, and thanks to those who have highlighted that. That is a very valid point.
Maybe it is better to decide this sooner rather than later. NXT voting system wont be live for a few more weeks. We *could* use another method, but forum polls aren't reliable IMO. We could do this maybe. Get the options, start a thread, and then ask that people vote in the thread with a post AND 4-5 lines why they're voting that way. It wouldn't be perfect, but we could see which users were original stakeholders.
Certainly something that Kora said has lit the discussion and its good.
Has anyone also thought about hold any distribution for now. Get on to the new distribution plan, which is a video submission plan. We can call this round 2. Once that has settled then we have a total list of "stake holders". The remaining balance then can be redistributed to everyone holding a certain percentage. We still have lots of time until the client comes to existence. What say you?
Has anyone also thought about hold any distribution for now. Get on to the new distribution plan, which is a video submission plan. We can call this round 2. Once that has settled then we have a total list of "stake holders". The remaining balance then can be redistributed to everyone holding a certain percentage. We still have lots of time until the client comes to existence. What say you?
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