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Topic: [ANN] ORA :: NXT 'monetary system' currency - page 70. (Read 181197 times)

full member
Activity: 147
Merit: 100
When will the distribution proces begin? Also, when can we expect the verified list?
September 1  Grin
really? a long time to wait. Be patient
sr. member
Activity: 686
Merit: 266
When will the distribution proces begin? Also, when can we expect the verified list?
September 1  Grin
full member
Activity: 224
Merit: 100
Yes, linux is on my to do list too! Which flavour do you recommend?

I'd say: Linux Mint
It has same repositories as Ubuntu and has better desktops. Also community is one of the largest.
For experiencing the Linux from scratch - Arch is the way to go.

You can try Linux mint by installing it on USB and then running it, testing it before you switch.
I use http://www.linuxliveusb.com/ to create the USB. Very easy and simple.

Alternative route would be to create VM and install Linux there for testing.
legendary
Activity: 2413
Merit: 1003

I've started using keypass to secure my passwords, and I started to encrypt sensitive folders on my PC. I also spent time updating my virus and malware arsenal and scanned multiple times with different products. I'm in the process of  setting up a few paper wallets for cold storage.

Can't be too careful!



Hello

Maybe You could also switch to linux and
then have less things to worry about! Wink



Yes, linux is on my to do list too! Which flavour do you recommend?


Ubuntu will take less time to get into.

If you realy want to learn Linux go straight to Arch Linux.....it will require a lot of reading, but might be worth it
sr. member
Activity: 392
Merit: 250
When will the distribution proces begin? Also, when can we expect the verified list?
hero member
Activity: 1110
Merit: 534

I've started using keypass to secure my passwords, and I started to encrypt sensitive folders on my PC. I also spent time updating my virus and malware arsenal and scanned multiple times with different products. I'm in the process of  setting up a few paper wallets for cold storage.

Can't be too careful!



Hello

Maybe You could also switch to linux and
then have less things to worry about! Wink



Yes, linux is on my to do list too! Which flavour do you recommend?

If you are not familiar with linux and if you are beginner I would suggest you to check
the ZORIN distribution
http://distrowatch.com/table.php?distribution=zorin

I installed it on a friends laptop and I must say is really nice and fast and easy to use
because you can set the UI to look similar to windows UI.

otherwise i would suggest you to check others ubuntu based distributions
because they seem to be easiest to use for beginners.

what you could try:
http://distrowatch.com/table.php?distribution=ubuntu (i heard the UI is heavy for the computer - resource intensieve)
http://distrowatch.com/table.php?distribution=mint (fork of ubuntu with different desktops and better performance)
http://distrowatch.com/table.php?distribution=xubuntu (ubuntu with xfce UI better performance)
http://distrowatch.com/table.php?distribution=lubuntu (ubuntu with LXDE UI even better performance but i must say the latest UI has some bugs)

for other distribustions check this site: http://distrowatch.com

NOTE: you can try almost any linux distribution without install it. It will load from cd into memory
and you can then test it and check if is suitable for your needs and experience.

If you have more questions feel free to ask I will help if I will be able to.
I hope you manage and I wish you good luck. Wink


full member
Activity: 182
Merit: 100
Really want to hurry up, I can't wait.
sr. member
Activity: 308
Merit: 250
Long time don't see Mac Red comment Grin

He's knee deep in registration checking, doing another excellent job!!
sr. member
Activity: 308
Merit: 250

I've started using keypass to secure my passwords, and I started to encrypt sensitive folders on my PC. I also spent time updating my virus and malware arsenal and scanned multiple times with different products. I'm in the process of  setting up a few paper wallets for cold storage.

Can't be too careful!



Hello

Maybe You could also switch to linux and
then have less things to worry about! Wink



Yes, linux is on my to do list too! Which flavour do you recommend?
hero member
Activity: 546
Merit: 500
Long time don't see Mac Red comment Grin
hero member
Activity: 1110
Merit: 534

I've started using keypass to secure my passwords, and I started to encrypt sensitive folders on my PC. I also spent time updating my virus and malware arsenal and scanned multiple times with different products. I'm in the process of  setting up a few paper wallets for cold storage.

Can't be too careful!



Hello

Maybe You could also switch to linux and
then have less things to worry about! Wink

sr. member
Activity: 308
Merit: 250
Just curious. if we receive an offer to buy our stake early, are we allowed to sell it? Or are there rules about waiting until a certain point in time to be able to sell.

I'm not selling. But I heard something that made me curious and thus I'm asking.

Hello.

From the thread it results that the stakes will be released over the NXT AE (Asset Exchange)
before the Kora coin is even implemented and that means by logic that you are
allowed to trade your stakes for NXT on the Asset Exchange.
When the time to redeem the Kora coins comes the owner of the
Kora stakes (you or any body else that bought it) will send back
the stakes to the asset issuer "Kora" and get n Kora coins for n Kora stakes in return
in your Kora wallet.

I still think its not wise to immediately put the stakes on nxt ae without having any direction for the coin. This is definitely not a wise move. What would be the marketing point of view for trading in nxt ae, that you have 1000 sock puppet free account? I dont think so.

That's a valid point, and I've considered some alternatives, but IMO recent crypto past has taught people to expect the life cycle of an alt coin to be about 2-4 months before they're banished to obscurity. I want to challenge that idea. NEM & NXT are much better models for us. I don't want us to panic because a few days go by and nothing public happens.

Your point about marketing is true, but I'd say once we release the stakeholder list then we're in 'community building mode' for a while, and marketing is less important. The NXT AE will give us some community infrastructure, like voting system, and we can pay bounties to each other and get to know who is who, and who has what skills & resources (including time).

New people can buy a stake & join, and existing people will be free to sell and leave, but this is during the *development* period, so if we fly under the public crypto radar for a while I think that will be OK IMO. There are a lot of variable we don't control now (like if/when Qora source is released), but we can still add value.

The real value of a theatre company, for example, is not the building, or the scripts, or the props & orchestra instruments - it's the people & their 'community' that adds the value. What's harder to replace, the people & their connections, or the 'stuff'?

Once nioccoin has fleshed out his intended direction and we've got something to 'promote' I think marketing will be key, but right now I'm comfortable operating in stealth mode. If that's a mistake and we lose people we can always adjust. Now 'We' can focus on the community & our connections. A chat or IRC would be more important now than marketing IMO, so we can 'bond' Smiley

I do think most of the crypto scene is operating on a very quick cycle, but some of the really good projects aren't - eMunie, etherium, maidsafe etc - they're following a more traditional approach, and focusing on things like planning & quality, and we can do the same if we want.

For me (k)Ora is a longer term proposition, and we can be different to the norm.
hero member
Activity: 1008
Merit: 501
when we will see the final list? Smiley


- decide what to do with the leftover stakes



the votelist has already tell you how to do with  the leftover stakes   Smiley
hero member
Activity: 1008
Merit: 501
BTW  Ora is good
hero member
Activity: 1008
Merit: 501
when we will see the final list? Smiley

Probably another day or so. The road map for me over the next stage includes these tasks:

- confirm 'our' name (I'm liking Ora more every day)
- start a process for logo/design consultation between community members & web design team (i.e nioccoin)
- finalise stakeholder list with Mac Red & publish
- receive & respond to any complaints and/or issues over the stakeholder list
- confirm coin supply
- decide what to do with the leftover stakes
- prepare for NXT asset listing & distribution
           - who will create the Kora token asset and act as custodian of the remaining stakes?
           - finalise distribution method - manual or automated
           - distribute stakes!!!

I'm not 100% sure, but I had an idea that maybe we can use the voting system built in to NXT to help decide some of these issues. As far as I know the NXt voting system is completed now, and we can use 'per asset voting', so after we distribute the Kora tokens we can actually use the NXT voting system to decide things democratically. That would really help 'lubricate' the decentralised leaderless starfish!!

My proposal would be to distribute the existing stakes, and then for all the other issues we can vote, even the issue on what to do with the left over stakes. I know we had a poll, but only ~150 people voted, and maybe they aren't even stakeholders. Voting via the NXT AE voting system would be 100% fair. 1 vote for 1 stakeholder, so we would KNOW the will of our community on anything from then on. Pretty cool IMO!!
Cheesy thanks , wish put stakes to AE  ASAP 
i'd like to buy some stakes from dumper
hero member
Activity: 715
Merit: 500

I'm not 100% sure, but I had an idea that maybe we can use the voting system built in to NXT to help decide some of these issues. As far as I know the NXt voting system is completed now, and we can use 'per asset voting', so after we distribute the Kora tokens we can actually use the NXT voting system to decide things democratically. That would really help 'lubricate' the decentralised leaderless starfish!!


Nxt voting system is completed but not completly ready for use. Take a look at the Nxt Roadmap post by JLP (main core dev of Nxt):
https://nxtforum.org/news-and-announcements/development-roadmap-update-2014-07-05/
sr. member
Activity: 308
Merit: 250
Here is a small humble contribution for KORA COIN been telling my peeps also on POLONIEX TROLLBOX.. http://bitbillions.net/2014/07/09/altcoin-reviews-kora-coin-for-the-people/  enjoy..  Smiley

Very good article  Smiley 
It's well-written and you've included all the important info. This is the type of promotion that we need.
Good job!  Smiley

Awe thank you and there will be more blog posts as we reach certain goals and news to blast to the Coin Lovers..I been telling them already about KORA in the POLONIEX TROLLBOX, some didn't even know about it yet.. Smiley.. Smiley

 Grin Grin Grin Grin Grin
Many thanks, the (k)Ora Starfish loves attention Smiley
sr. member
Activity: 308
Merit: 250
when we will see the final list? Smiley

Probably another day or so. The road map for me over the next stage includes these tasks:

- confirm 'our' name (I'm liking Ora more every day)
- start a process for logo/design consultation between community members & web design team (i.e nioccoin)
- finalise stakeholder list with Mac Red & publish
- receive & respond to any complaints and/or issues over the stakeholder list
- confirm coin supply
- decide what to do with the leftover stakes
- prepare for NXT asset listing & distribution
           - who will create the Kora token asset and act as custodian of the remaining stakes?
           - finalise distribution method - manual or automated
           - distribute stakes!!!

I'm not 100% sure, but I had an idea that maybe we can use the voting system built in to NXT to help decide some of these issues. As far as I know the NXt voting system is completed now, and we can use 'per asset voting', so after we distribute the Kora tokens we can actually use the NXT voting system to decide things democratically. That would really help 'lubricate' the decentralised leaderless starfish!!

My proposal would be to distribute the existing stakes, and then for all the other issues we can vote, even the issue on what to do with the left over stakes. I know we had a poll, but only ~150 people voted, and maybe they aren't even stakeholders. Voting via the NXT AE voting system would be 100% fair. 1 vote for 1 stakeholder, so we would KNOW the will of our community on anything from then on. Pretty cool IMO!!
sr. member
Activity: 308
Merit: 250
Why is OP not updated, it says that we still have time to get in, isnit closed already?

Because sometimes I'm slack, and need people to point these things out for me to fix Smiley (thanks!)

Good starfish etiquette - if you see a problem, fix it, or alert somebody who can Smiley

After the hack on Klee I spent the last couple of days reviewing my crypto security practices. I advise everyone else to do the same. I've mentioned before that I'm not a dev, and I'm very aware of my IT skill limitations, so I put some time into it.

I've started using keypass to secure my passwords, and I started to encrypt sensitive folders on my PC. I also spent time updating my virus and malware arsenal and scanned multiple times with different products. I'm in the process of  setting up a few paper wallets for cold storage.

Can't be too careful!

sr. member
Activity: 308
Merit: 250
Just curious. if we receive an offer to buy our stake early, are we allowed to sell it? Or are there rules about waiting until a certain point in time to be able to sell.

I'm not selling. But I heard something that made me curious and thus I'm asking.

Hello.

From the thread it results that the stakes will be released over the NXT AE (Asset Exchange)
before the Kora coin is even implemented and that means by logic that you are
allowed to trade your stakes for NXT on the Asset Exchange.
When the time to redeem the Kora coins comes the owner of the
Kora stakes (you or any body else that bought it) will send back
the stakes to the asset issuer "Kora" and get n Kora coins for n Kora stakes in return
in your Kora wallet.


Yes, that's the plan! Once the stakes are distributed on the NXT AE people will be free to sell like any other listed asset. I'm not really sure what to expect, but it'll be interesting finding out. I expect some will try and offload their stake asap, but I'm hoping a good solid core of people will hold, even if just to see what happens.

When I first heard of bitcoin it was about $8, and my first reaction was that I'd 'missed' the boat, and all the guys who mined for peanuts had made a killing. Seems funny now, but at the time $8 for a freaky digital token/currency seemed like the peak. haha

Who knows what a Kora stake will be worth, nothing eventually (if we produce nothing), but could be worth 'something' (if we create a valuable something). We're in the crypto science lab IMO, and I really don't know what to expect. Many hard headed crypto people would say that because Kora stakes are free, and we still don't have a 'product', and we don't have a set direction, then people will dump and this will all end very quickly with Kora stakes being worthless. That could happen!


Alternatively, maybe the temptation to dump for literally 1-5 NXT after a moderately involved process will seem pointless, and people will be more inclined to hold, just to be part of the Kora experiment.

If Mac Red and I have done our job well 'limiting' the sockpuppets (which I'm very confident we have after Mac Red's excellent efforts), then I can't see the point of dumping a Kora stake for ~5-25 cents after going through the registration process, specially when we all know that just a few short years ago you could buy a bitcoin for ~25 cents. I think many will hold, at least for a while.

To make things interesting I'll put up some bids on the day we distribute. Whatever I buy back can always be put back into the pot for power bounties.

Investment disclaimer - please only invest in Kora what you can afford to lose, hey, wait a minute ....  stakes are free Smiley
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