Topic: [ANN] Qora | Released 16 May | 100% POS | New Source - page 83. (Read 748250 times)

A wait and see option probably would of been an idea in the vote, not sure how long the window of this is though?

Im thinking of voting against. I dont wanna qora to use or rely on any NXT backbone, but evovle on its own.

I haven't actually voted but sometimes I find the voting is based on people's whims that easily can move around. I'm not saying it's wrong for people to reject the Supernet but as with the open source thing I felt people tend to be a bit anal retentive about Qora, like a turf war that defends possibly too hard. It means no dynamic decisions get made.

What we need is a simple chart, literally pros on one side cons on the other. I would do it myself but I don't understand deeply this new thing.


I also wish Qora made a few decisions or at least got heavily involved in the debate. A vote should only be complimentary to what Qora thinks, he should have the power to override it's decisions if he thinks his long term vision is not served.


Personally I'm undecided and probably will leave this for smarter people to decide and vote cause ai don't know what is the best decision at this point. though I'm worried Qora gets lost in the flow and shots itself in the foot again or it's saved from just being one of NXT's minions.

Current standings:

Yes - 36%
No - 63%

QoraHolders  Please take a second and support Zero Idea:   https://bitcointalksearch.org/topic/only-support-alt-coins-launched-before-of-october-1-st-2014-767343

I understand the possible technical services after your comment but in response to "What's the point of being linked together" mentioned by rabbiter, I have to add that I think there is much more to the supernet financially speaking that has not been mentioned.

The bigger vision seems to be about bringing more fiat/new investors into the crypto space, raising the market caps for BTCD, the SN coins (so far NXT and BBR, a dark coin) and first and foremost believe it or not, BTC market cap. This will overall bring in more users, fiat and raise market caps for other coins. The anonymity feature, teleporting, (in addition to the numerous others mentioned) is critical for this, as certain human circles can only bring in fiat if the crypto is supporting dark. So with increased influx of fiat, all win. The big win here is that BTCD (the center of the SN) can darken BTC.

Regarding "why bring these SN core coins together" apart from the features? This may be off the wall, but I suspect this is the beginning of a new type of movement: there are good coins with lots of tech and original code (Qora, BTC, NXT, a handful of others) and there are useful coins/forks that have original features or new algos and there are clones and other coins that are being made as a high school science project that add no value to the space except to the schoolboy's technical ability. The SN will raise a LOT of capital. Apparently 90% of this capital will be used to buy stakes from core coins (less than 10% stakes apparently), immediately doubling or tripling or more their market caps. This is in addition to the feature integrations mentioned. I suspect some of the capital will be used to invest (pump) other coins that may not be part of the core but will increase holdings. So if all goes to plan, in the short term, huge financial gains and exposure. In the long term, survival through major adoption and sustained usage.

...Qora will be strong in the long run with or without the SN, but with the SN Qora could quickly adopt to the rapidly changing landscape of winners (with massive market cap) and those coins struggling to attract attention and reach $1M market cap.

Of course, all of this talk is nothing if Qora is not willing to apply. Only Qora knows the code and can see the technical benefits, drawbacks and possibilities of joining forces. An an investor and crypto speculator, I hope Qora will join this discussion.

Note: I have skin in the SN game. I own BTCD, BBR and NXT (and an original Qora stakeholder) so I have interest in the SN even if Qora decides against it.

I read somewhere, that 10% of coins is somehow needed to join the supernet...

Profit for james.

I guess we need Qora to give his opinion.

Yes, you can back out of this.  Certain layers to these decentralized services are still being developed, but the end-goal is to have a way for people to create a deposit address for one coin (Qora, from my last example) and then set a payment address (DOGE) and then set the trade price.  This is just like any exchange, except through the use of multisig addresses, it's semi-decentralized.  If you want to cancel YOUR QORA->DOGE order, before it is filled, you can and you will get back your QORA.

Can these services be built on top of QORA, once the asset exchange is up?  Certainly!  However, Nxt has a huge head start and has an agressive dev team, and community of supported services.

Again, can Qora compete? Yes, and it should.  But don't be naive and think that we're near catching up.

Right now these Nxt Services are mostly developed by JL777 and the run on top of Nxt.  If Qora and an extra dev, or two, integrated all of these services into the client/server code, and made it easy for anyone to run their own multisig gateway, Qora could (and should!) get a ton of attention.

How is this different to the completely decentralised trading inside Qora? Sure not alt to alt but Qora to assets including fiat etc.

Can Qora still act independently it's exchange?

Is it reversible, ie can we leave later of we want.

Qora does have plans to do alt to alt trading I thought but admits it's never been doe and could be tough or even impossible?

Well, being a part of the Nxt community, I think I can explain.  If I understand it correctly, becoming a part of the superNET means that the coin will be integrated into many of the existing, and up-and-coming decentralized services such as alt-to-alt and alt-to-fiat trading.  In essence, coins that are part if the superNET will receive the benefits of these (amazing, I might add) services.  Investors in the superNET asset (if I understand correctly) will eventually get a cut of all profits earned by all coins that are integrated into JL777s services, and the respective fees they garner.

If this is still unclear, here is an example.  Say you want to buy some DOGE with QORA.  You could deposit it directly into an exhange, move QORA->BTC->DOGE.  Or, you could use InstantDEX (I think that is the project) and just purchase QORA->DOGE.  On the backend, this is all done in a semi-decentalized manner.  More is going on than is obseversd and InstantDEX will skim a very small % as a fee (around .1%, I think.)

All fees earned by superNETs portion of the .1% fees are distributed to it's share holders.  This isn't much today, but it is growing fast because people like the idea of decentralized (or even semi-decentralized) exchanges, even if it means using Nxt on the back end.

All coins can benefit from the MANY services that JL is making.  However, the unseen backbone is Nxt, which means Nxt has a lot to benefit, ALONG with all other coins.

I've read though but still unclear what is the point of it. Everyone is linked together, why what's the point?


The ability to choose at any point to exit the agreement for whatever reason is important to ask. I don't Qora to be tethered to a ship that goes down.

Saying that I'm open to being proven it's a win win for Qora.

Very nice thoughts! I personally think if something happens to the superNET this would not kill Qora if its part of it, although it could of course affect the price !  Being part of the superNET could help attract more people into the coin that might also stay if the superNET dies. Most new people will see that the dev adds important features very fast and so the coin will get some kind of cheap marketing.

I like James, he is undoubtably smart, an amazing investor and as trustworthy as a 100% anonymous person can be.

However, I think he, and his ring-of-investments, are becoming "to big to fail."  To be clear, I do own investments in many of his projects, most of which I invested in 4+ months ago and I am enjoying the ROI!  However, I am not a fan of following "rockstar" investors.  Pair that with the fact that if JL777 were to be hit by a bus, it would deeply hurt the whole alt-community and our cummulative marketcap.

Again, I like James, I know the guy, I've spoken with him many times and he has even messaged me a couple times to check in and see if I were ok, due to bad-luck related comments I've made.  He's an outstanding citizen.  But, he's just getting to be to big for me.  I will sit out this (enevitable) tsunami but it's because I've already ridden his coat-tails long enough and I'm starting to fear the worst-case outcome.  I hope it doesn't happen but I don't want to lose 60-75% of my worth because one man disappears and I've invested most of my crypto-wealth into his projects.

DISCLAIMER:  I do recommend investing in practically all of James projects, however, I see them all as the same investment-- JL777.  Investing in InstantDEX, mgw, sharkfund0, superNET, etc. will each provide different growth results but they are all still part of the house of JL777.  Therefore, for the sake of diversity, I recommend investing no more than 25-30% of your wealth in him.  (Full disclosure, I'm currently at about +50% but that's because of growth I've experienced within his assets!)

Crypto needs diversity and I think Qora could be strong by being a coin that is not associated with the house of JL777.  Of course, if JL wants to invest in 1-2% of Qora, then that's fine.  It's a free internet.  However, if the crypto-community were to experience the loss of the guy, I would hope that some coins (preferably within my wallet) wouldn't be dramatically affected by the loss and his inability to distribute his wealth and to maintain his own projects.


TL;DR

My .75% stake in Qora will be voting against but this is for the personal desire of maintaining a diverse portfolio.

Im agree to join the supernet if its possible

Show the code to Jl777? Hmm why not

Asset Exchange in 5 days!!!

yeah , it is said that supernetwork is very good

Questions/discussions are good....regarding the supernet helping or hindering Qora, what questions do you have? (if you haven't read the OP to the supernet, it's well worth the time: a bit long post but worth the read).

https://bitcointalksearch.org/topic/m.8592943

I'm pulling for QORA here and based on what I've read only think the supernet could help Qora...in what way would being a participant hinder Qora? why opt out later? Please expound.

Of course, I have posted this vote but the outcome means absolutely nothing unless Qora is part of the discussion and is receptive to the voting results. You and I (and the community) would all like to hear from Qora but as we all know, he rarely posts on this thread and usually only to update the client...I've PMed him in only hopes of a response to either say maybe, yes (let's try) or no to the supernet...he's probably busy with coding AE but I agree, we need his input.

Edit: I truly believe Qora is completely original code from the ground up as Qora has stated and as facts show. But until this statement is proven by a third party (apart from JL from NXT) or through SC release, I/we could be wrong. Qora would need to be vetted to be a part of the SN core and this vetting would prove Qora's originality while keeping it still only under the eyes of qora and the supernet dev....of course with OS to follow if Qora decides.

Edit2: when an opportunity like this comes up...why not try?! This could be THE ideal launching pad for Qora (in addition to AE, wallet, etc planned). It would give Qora the possibility to be part of a cutting edge vision...I think Qora already has this vision so it's a good fit in my book.

@qora, are you even aware of the SN?

My 1.15% is in favor of a Qora+Supernetwork.

I have questions about the Supranet and how that helps or hinders Qora long term and if we can opt out later.

We should discuss this HERE now. Not on some hidden chat either and I would hope Qora shares his viewpoint too before any vote happens.