Topic: [ANN] ORA :: NXT 'monetary system' currency - page 36. (Read 181197 times)

I have registered #oracoin on freenode.  Stop in and chat.

With regards to the charity issue, I don't know if someone has suggested this yet but I think doing something like Bitcoin 100 is a great way to both give and promote the use of a currency.

You could set up a separate fund where you could allocate ORA and accept donations as well. Maybe call it The ORA Charity Million fund or something. The requirement for a charity to receive the money would be them accepting ORA as a method of donation. It has worked out quite well for Bitcoin 100 and I think it could work here too. And it's a long term thing that doesn't have any effect on the price now.

That's correct. There was enough time given during registration to reach 3000 and only got 869 and still someone put a 1.5 mil order using sockpuppets so if we start second distribution now most of them are going to be sockpuppets.

In order to better promote ORA, whether we can later behind the allocation of time, that is allocated according to the number of holdings now so can stimulate consumption, expand the influence.

have really high hope for ORA. 

i will hold this asset a few months

good coin

If there will be a second round I would suggest to take it outside BTT somehow. Seems like Stellar has had success using Facebook (I know a lot of people oppose fb, but it's one option). I wonder what were the forums bitcoin was discussed back in 2009? Something along those lines I'd say. BTT is just a little too small circles imo.

Also like mentioned before, reducing the 2nd round stake size would make it less appealing for current stakeholders to generate sockpuppets. I.e. if they would get only a fraction of their current stake.

I feel its important to discuss on whatever decision we will be making. At this point, ORA is a project. It is not a coin officially. It is now an asset that has value. Now we dont want to do something stupid that will fail this project just because we want this done quickly. Frankly what harm can it do to wait a little?

For the moment I honestly see no reason for another similar "BTT round" (at least a major one). The reason we picked an end date instead of waiting for 3000 entries was because we simply ran out of non-sockpuppet applicants from this forum. The first days we got tons then only very few each day. I calculated it'd take at least 1 year or something to achieve the 3000 goal. And this was not too long ago. Opening another BTT round anytime soon would just be an open invitation for sockpuppets who either missed the reg period or wants to get a second shot at fooling our system. I really like Kora's idea of video entries or something similar. That's something different and also sets the bar higher for what you have to do to get a stake. Yes it's inconvenient but also more fun. It'd be like the BTT ID confirmation topic which got a lot of positive response before it was locked, but more powerful.

Hi hypersire
The reason I'm topping up Tompa is because the mystery dumper put up a sell order for 1.5M, and analysis of the dumpers transactions looked suspicious. Let's not mince words, it looked like a possible sockpuppet case, and I wanted to buy those 'tainted' ORA asap and donate them to a faucet fund, and I was worried the dumper would cancel his sell and we'd have a longer term problem. As I was not able to access a PC running the NXT client at the time, I asked if someone could quickly buy the dumpers 1.5M ORA sell on my behalf, as I wanted to get those ORA off the asset exchange market and into a faucet fund asap.

Tompa answered my call for help within about 10 minutes with this buy:


According to the 'official' NXT time it was actually on Saturday 2nd of August when this went down, the day before your purchases. I felt bad for Tompa that the market price before the dump was ~0.006, and since then it's been ~0.006, but Tompa put in a bid to exactly match the dumpers asking price of 0.00798. I'm not compensating Tompa because he was supporting the ORA price with a buy, I'm topping his ORA up to the approximate amount he would have got for his NXT if he'd paid a price closer to the 'market' price.

I'm very glad to know guys like you believe in ORA enough to enter the market as a buyer, but I'm not really in a position to compensate people if the price dips. IMO Tompa's situation was different to yours, as he bought a big stack to help me with a specific 'situation', so I feel I should compensate him for his loss, even though he chose to keep the ORA anyway.

I think at these prices ORA is still a GREAT buy, so I'm confident your purchases from 3 August will put you in the black very soon! I hope that explains the situation from my point of view

1. Being able to discuss things is important.
2. There's a reason we're waiting for the NXT voting system.
3. That would indeed be the point of having a vote.
4. Nobody's wasting anybody's time. What's the rush? There's plenty of things you can do right away to receive Ora (take a look at the bounty topic).
Or would that feel to you like we're "forcing" you to work for the money? I'd hope it's more of an encouragement.

Hi Kora, I actually bought a little over 1m ORA myself back on Sunday at 0.008 - 0.0081 in an attempt to keep the floor at 0.008. Here is a screenshot of my account (I don't see a way to list my transaction history but you can see the account balance):

EDIT: I was able to find the exact transactions using NXT Block Explorer, looks like I bought a small amount at 0.0071, the majority at 0.008 and some at 0.0081:

http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=8048683121737543490
03.08.2014 21:12:10
priceNQT   :   710000
quantityQNT   :   164366
asset   :   16194910134118257692

http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=14985629485332818813
03.08.2014 21:28:15
priceNQT   :   800000
quantityQNT   :   849125
asset   :   16194910134118257692

http://87.230.14.1/nxt/nxt.cgi?action=2000&tra=1768671017388366882
03.08.2014 21:58:56
priceNQT   :   801000
quantityQNT   :   59970
asset   :   16194910134118257692

in case of voting, they would have to make it the stakeholders. A voting in BTT created that there would include more people who has not trusted in the project and would not have the same level of decision.

Btw.we should let people love our project then they will publicize Ora automatically not "force" them to publicize.You know why Doge is a legends of the marketing?Coz people love the dog and that pic.Everybody should consider this.

I think discussion is important. How long is this wait we are talking about, if it is more than a week, we should not wait more than a week, we should make a change in plans

My suggestion
1.We vote,discussion can't fix anything.
2.Don't need to wait nxt voting system,BTT has vote function.
3.If the voting have come out then wo must follow the result,this is rule.
4.Just do it,don't waste all people's time.

I agree

although I have been surprised on having verified that the majority of the stakeholders support his 166666
There is 660 with a minimum of 166666

A big majority supports or has bought more

The most interested have not waited to a new share-out, they have already bought.

i want to get a stake 

If you distribute all ORA now, most of "ora members" will dump and leave, only few people will stay.
I think it 's better to  disrtibute to ora members for holding ora and buying ora and to those who missed the boat.
I think a 2nd, 3th, 4th round,... will keep members intrested in following ora.