Topic: [ANN] ORA :: NXT 'monetary system' currency - page 53. (Read 181214 times)

calm down, he was joking.

how is that possible?

Yes a stake will be worth 20 btc guaranteed

what is the expected price at launch and two days after. Any guess?

First ORA shall released on NXT asset exchange, but for now is no ETA!?!?

poloniex... will take along, if ORA need so long to be released as NXT asset 

How can it trade on poloniex, bter, cryptsy,...?

ORA & Qora can both be extremely successful at the same time. I hope it's clear by now that ORA is trying to be more than just a straight clone of Qora. Like most people on this forum, I'm a big believer in open source software development, but I strongly advise the Qora dev & those Qora community members advising him to NOT release the Qora source code until they think it's in their own interest. Open source promotes innovation & excellence IMO, but nobody should be forced into it too early!

ORA isn't trying to damage Qora, anymore than NHZ or NODE or NTX or NFD or NAS are trying to damage NXT. I don't doubt that the existence of ORA has made some Qora investors nervous, but that's not my attitude. I own a sizeable holding of Qora too, and I think my investment is safe. I wont make any predictions about future marketcap of either, but I do believe Qora & ORA can both be very successful. PoS has a better future than PoW, and I believe the future total market cap for ALL crypto will be in the trillions within 10 years, so there's plenty of room for massive growth for both.

I understand the logic behind the 'network effect', but I also believe in the power of consumer choice, and I think it's highly likely that as long as ALL crypto currencies are interchangeable at the point of use into any other currency (including fiat), then there's a HUGE scope for 'branding'. When we go shopping, why are there 15 brands of margarine, or 5 brands of peanut butter, or 10 brands of bottled WATER? Generic products, but so many 'clones' of the same basic product, why??

Because people like brands, maybe, I don't really understand, but it's a reality. People like choice, and just a slight difference between two essentially identical products can make some consumers prefer one over the other. It doesn't make sense, but people make illogical choices because we're humans, and not vulcans.

As long as ALL long term viable crypto coins are easily exchangeable by the end users, many will exist for reasons other than the tech. Doge is proof of this!

ORA *probably* wont be a straight 100% clone of Qora anyway, but even if it was, if ORA was branded differently it *could* exist in a completely different niche market, and still be 10 billion market cap. And Qora could be 10 billion too in a different niche market.

Why are there literally 8 different brands of milk on sale at my local supermarket? Some can be 25-200% more expensive than the cheapest brand, but some people obviously still buy the expensive one, why? Branding MUST be part of it, but there surely are more reasons too. A slight difference in something seemingly unimportant can make a difference to *some* people. Add a nicer label, add some vitamins, have a photo of a 'happy family' on the label, have some TV advertising ... call it 'doge milk'. Doesn't make logical sense, but we all know that's what happens in a free market.

The network effect might NOT be as important as some people think. If everyone is using a point-of-sale Ripple-like system to  exchange instantaneously any currency into any other currency, then lots of currencies can exist at the same time.

Qora & ORA can both be successful, and Qora can always borrow from ORA down the track!

What happens if this coin surpasses Qora in capitalization?