it's nice to see there is all ready an effort (kora) to fork qora - another reason not to release qora source code to early
(I have a feeling that once it's released qora is going to be the reference source code in the complete altcoin 2.0 section).
What will kora do if the dev will not release the source code?
We will issue 'Kora tokens' to ~3,000 stakeholders on the NXT AE (similar to NEM) as an interim solution, so people will be able to spend & trade their 'Kora tokens' using the NXT ecosystem long before the Qora source is released.
Once the Qora source is released (whenever that is) 'Kora token' holders will send them back to the 'Kora token' issuer who will exchange them for Kora coins once the Kora network is up and Running.
[ANN]
https://bitcointalksearch.org/topic/ann-ora-nxt-monetary-system-currency-620518[Kora registration system bounty]
https://bitcointalksearch.org/topic/kora100posfreeregistration-webapp-bounty-5-kora-coins-2-bitcoin-621681look at the distribution model, possibly the worst in living memory.
NXT were brought for total of 21 btc between ~73 stakeholders
current valuation~ 71,450 BTC (very short time later)
The
big flaw in this whole argument about "distribution" is that it's based more on a toy-throwing-out-of-pram premise than any dispassionate appraisal of the "distribution model".
For example. The argument goes that NxT stakeholders stand to make an X0000000 % gain from their investment and that that's somehow "excessive". Whereas if someone buying a currency that had, say 5000 buy-ins and also made an X0000000 % gain - that would be alright.
The fact is that there isn't anywhere near enough market liquidity in any of these currencies for such gains ever to be realised at the amounts of holdings the original stakeholders had. Thats why it doesn't matter if it's 76 or 7600 original holders - it's like melting 2 big blocks of ice or 20 little ones in a jug of water. It dilutes just the same.
If the envisaged potential market for these cryptos is, say 50 million people, then an initial "distribution" of 5000 doesn't look too great either. That's 0.01% of the market getting the initial stake. Thats the real hypocrisy behind these empty criticisms.
kora think about bitcoin - it is now been used by millions (and it's just the beginning) but how many people do you think knew about bitcoin when a pizza was being sold for 10,000 btc back at 2010?
very few - certainly not me.
The original cost to mine btc was around 0.001$ and the starting trading price was 0.003$ per btc - thats 17500000% profit for first adopters that bought btc. I bought my first bitcoin @ 800$ - should i cry about it? i still feel like i am an early adopter.
is bitcoin distribution not fair? doing another bitcoin lunch with 3000 original stake holders and not a few is that really different?
qora is going to do a big change in the complete altcoin 2.0 section.
kora its not late for you to invest in qora - you are still a very early adopter!
(p.s: I have no problem with kora but it isn't going to achieve anything)
