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Topic: [ANN] ORA :: NXT 'monetary system' currency - page 34. (Read 181197 times)

member
Activity: 101
Merit: 10
I just want to make some comments on this piece of news:
http://www.coindesk.com/bitcoins-affected-new-yorks-bitlicense-may-trade-discount/
...snip...

kind regards,
nio

Something tells me something is in your mind. Let it out. Grin

You should have seen what I really wanted to say! Cheesy
sr. member
Activity: 308
Merit: 250
i and waitting the second round reg  Smiley

and btw  you guys can not abandon your orginal supporter IMO

because dump or hold is their choose



member
Activity: 101
Merit: 10
That part about pushing trading off exchanges is the critical part for Ora.  Why do we even need exchanges at all?  Let me get this straight:  We create decentralized currencies, and then centralize them in order to buy and sell?  Why not have a decentralized exchange for decentralized currency?  I seriously doubt that any government could successfully restrict p2p software that operates in a truly decentralized manner.  It's only when we cross centralized boundaries that we are subjected to proctology exams.  So perhaps we should never cross those boundaries, and build that into the product?

Am I the only one who thinks that exchanges will be regulated out of existence?

Very well said (the entire post). Yes the idea of centralized and inevitably controlled exchanges seems very counterproductive to me. I do think we'll move away from them more and more. In a dream scenario I personally would very much like to see a decentralized exhange for the ORA coins (not just the assets).

LOL.  I just thought of a use for an exchange. Go ahead.  Mock me.   Embarrassed

One exchange (Polo) has recently changed their procedures for accepting coins.  Thus, Ora's "premine" alone will probably disqualify it from trading there, in spite of the altruistic point of Ora's existence.

Lots of ppl like Polo's approach to this because it helps filter the crappy pump and dump coins.

My vote is we could use polo to oversee the second round of distributions from their "giveaways" page, thereby making Mac Red breathe a sigh of relief!

That may also get us in good graces with Polo, so that IF the time comes to apply to get on the Polo exchange we will have our foot in the door.  This may also give Ora some street cred with the exchange crowd.

The downsides are:
1.  It might be too costly to pay them to do this.
2.  that clientele might be more likely to turn around and dump Ora.
3.  They might not want to distribute a coin that exists only in NXT, where they don't control a wallet.
4.  It will bring out the fud'rs, ppl who are interested only in the word "free" and not the ecosystem of Ora.
5.  We probably would get mocked for using NXT to distribute what is essentially a competitor.


I don't think this is a brilliant idea.  Or even a good idea.  But it might solve problems of future distributions, and give Ora some publicity.  I'm just not sure if this is the type of publicity I want for Ora.

kind regards,
nio
member
Activity: 101
Merit: 10
All, don't forget we have a dev thread where we talk about what Ora is going to become.

Stop on by and give some ideas and feedback!!!

https://bitcointalk.org/index.php?topic=675484.120

kind regards,
nio
hero member
Activity: 770
Merit: 500
ORA market is too quiet of late. Shaking the tree. :-)~

It has surpassed 500 trades for now. Probably will make another wave when we hit the next distribution. We still need to work on the poll options. Getting prepared for the poll.

I  prefer slow  and gradual growth of the coin and more people might get interested after next round of distribution. Long road ahead of ORA...
legendary
Activity: 1146
Merit: 1000
I haven't checked the numbers, but how many coins remain after the initial distribution?

And has it been decided what is to be done with them? A 2nd round of stakes could work, although doing another registration could be messy. Going the comm route could work, where initial stakeholders receive a 2nd round, but only if they held a majority of their initial coins. It gets around the issue of giving coins to those who just want to dump, as whomever still has their initial stakes obviously didn't plan to dump at cheap prices. 

Just increase current ORA holders stake by X% determined.
sr. member
Activity: 299
Merit: 252
Having some trouble with my master password on the mynxt.info site, I wrote it down and have been trying different combinations and it wont work. Is there a way to change it?

PM me a new NXT ID, preferably from a downloadable client.
www.nxt.org
sr. member
Activity: 299
Merit: 252
To start a new round of distribution again?

No, to give some users from the first (and only round so far) one last chance to get on the list and receive their stakes. They can do this by making sure their NXT addresses are secure. This only applies to 64 specific users who submitted and verified everything in time but didn't obtain a public key. These users were left out of the final list consisting of 889 valid entries. So far we got 825 secured addresses. 7 days from now (next Thursday), the last check and update will be made to the stakeholder list. Afterwards it's all set in stone; the list will never be updated again (though perhaps a new reg period will open in the future, with a whole new list).

PM reminder now sent to all 64 applicants.
hero member
Activity: 519
Merit: 500
Having some trouble with my master password on the mynxt.info site, I wrote it down and have been trying different combinations and it wont work. Is there a way to change it?
hero member
Activity: 1204
Merit: 509
I haven't checked the numbers, but how many coins remain after the initial distribution?

And has it been decided what is to be done with them? A 2nd round of stakes could work, although doing another registration could be messy. Going the comm route could work, where initial stakeholders receive a 2nd round, but only if they held a majority of their initial coins. It gets around the issue of giving coins to those who just want to dump, as whomever still has their initial stakes obviously didn't plan to dump at cheap prices. 
member
Activity: 70
Merit: 10
ORA market is too quiet of late. Shaking the tree. :-)~

It has surpassed 500 trades for now. Probably will make another wave when we hit the next distribution. We still need to work on the poll options. Getting prepared for the poll.

waiting for the possible next wave.
sr. member
Activity: 252
Merit: 250
ORA market is too quiet of late. Shaking the tree. :-)~

It has surpassed 500 trades for now. Probably will make another wave when we hit the next distribution. We still need to work on the poll options. Getting prepared for the poll.
sr. member
Activity: 420
Merit: 250
ORA market is too quiet of late. Shaking the tree. :-)~
sr. member
Activity: 299
Merit: 252
To start a new round of distribution again?

No, to give some users from the first (and only round so far) one last chance to get on the list and receive their stakes. They can do this by making sure their NXT addresses are secure. This only applies to 64 specific users who submitted and verified everything in time but didn't obtain a public key. These users were left out of the final list consisting of 889 valid entries. So far we got 825 secured addresses. 7 days from now (next Thursday), the last check and update will be made to the stakeholder list. Afterwards it's all set in stone; the list will never be updated again (though perhaps a new reg period will open in the future, with a whole new list).
newbie
Activity: 40
Merit: 0
To start a new round of distribution again?
sr. member
Activity: 299
Merit: 252
Pretty sure I filled out the form a while back but I don't see myself on the stakeholders list

Ya, just sent you a reply over PM.

As previously mentioned I'll send out a reminder via PM later today to everyone it concerns, to secure their NXT addresses (a total of 64 users).
legendary
Activity: 966
Merit: 1009
Pretty sure I filled out the form a while back but I don't see myself on the stakeholders list

you have been treated as fake applicant, maybe.

Me too.
hero member
Activity: 700
Merit: 500
Pretty sure I filled out the form a while back but I don't see myself on the stakeholders list

you have been treated as fake applicant, maybe.
sr. member
Activity: 308
Merit: 250

That part about pushing trading off exchanges is the critical part for Ora.  Why do we even need exchanges at all?  Let me get this straight:  We create decentralized currencies, and then centralize them in order to buy and sell?  Why not have a decentralized exchange for decentralized currency?  I seriously doubt that any government could successfully restrict p2p software that operates in a truly decentralized manner.  It's only when we cross centralized boundaries that we are subjected to proctology exams.  So perhaps we should never cross those boundaries, and build that into the product?

Am I the only one who thinks that exchanges will be regulated out of existence?

kind regards,
nio

Great post nio!

Yes, centralised exchanges make the crypto movement far more vulnerable to government regulation, manipulation & control than I'm comfortable with. Centralised exchanges are like 'Spiders', cut off the head and the organism dies, close a centralised exchange like Mt Gox and the whole crypto movement is threatened.

Wherever possible we need to stay like a decentralised 'Starfish'! Cut off a leg and a new one grows, cut the Starfish in half and you end up with two 'living' Starfish. Close down a decentralised P2P exchange .... hey, that's not possible!

Centralisation should be avoided wherever possible, and we should expect the forces opposed to the growth & adoption of ALL crypto currencies will use both carrots & sticks to try and encourage centralisation. Sometimes the centralisation will be a heavy handed stick (like the example nio pointed out from NY regulators), but sometimes it might be a sugar coated centralised 'carrot' (maybe Ethereum, not sure yet??).

For anyone interested in a great summary of the power and applicability of the decentralised 'Starfish' concept to ORA, here is a great talk by one of the authors, Rod Beckstrom, of the book, "The Starfish and the Spider: The Unstoppable Power of Leaderless Organizations"

https://www.youtube.com/watch?v=fumQ0s7DCEY
sr. member
Activity: 252
Merit: 250
Mac, all those unsecured accounts, can we ask them to register in www.secureae.com ?

Not sure how that site works? Would it be easier than just making a transaction? Tongue
I guess the issue is these users simply haven't been active enough so far to check their stakes (or lack of). I've even instructed some what to do over PM but with not everyone's bothered to reply or fix it. Also sent an email reminder to everyone it concerns weeks ago with detailed instructions where to make a transaction. Most read it, of course.

Here's an idea. Now that there's much fewer entries left unsecured I guess it'd be more reasonable to manually PM everyone and remind them that way as well. Of course one could argue this shouldn't be needed but we could do it to speed things up. I could do it tomorow and set a final deadline for 7 more days for people to fix their addresses. Then, to make it easier to distribute, do one last update in a single batch after the time has ended (no daily checks until then).

How about a photo with a person in it holding a paper or something expressing about Ora? Could be a fun one too. Grin we can also use that material in the official ora website and promotions.
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