REMINDER.
You only got until 4th October (this Sunday) to redeem your old ORA assets.
After this date you will never be able to get XOS for them.
Got any questions? PM "Nxter" over @ nxtforum.org. But please do it ASAP to avoid missing the deadline.
// Mac
Topic: [ANN]ORA::NXT MS Currency::'Shuffling' for NXT::jl777 involved::Anon fungibility (Read 5758 times)
October 01, 2015, 12:18:39 PM
October 01, 2015, 12:13:46 PM
I have also sent the assets a long time before to Darkhorse. Will the new assets come my way automatically or do I need to do anything at the moment?
You should already have the new coin then. Keep in mind it's now an actually currency, not an asset. So it won't be displayed in the same way.
This is the new currency, XOS:
https://nxtportal.org/currencies/17415019753777810897
// Mac
August 25, 2015, 03:35:30 PM
I have also sent the assets a long time before to Darkhorse. Will the new assets come my way automatically or do I need to do anything at the moment?
August 12, 2015, 05:47:11 PM
I don't get the shuffling thing.
I thought that because Nxt was part of Supernet, that BTCD handled the anon factor for Nxt now?
I am confident there is a logical answer I'm missing here, that's why I'm asking. Not an attempt to be negative or troll lol.
To be clear I support this project, and I am a fan of it's take on a crypto management.
I thought that because Nxt was part of Supernet, that BTCD handled the anon factor for Nxt now?
I am confident there is a logical answer I'm missing here, that's why I'm asking. Not an attempt to be negative or troll lol.
To be clear I support this project, and I am a fan of it's take on a crypto management.
July 16, 2015, 08:23:17 AM
Great, got them! Thanks for your help. All the best for the new ORA plans 
Replied!
@Mac_Red: I have sent you a pm about my ORA transfer on March 2015. I guess it was to originally exchange address from Kora.
Replied!
Yes, we got some interesting ideas for ORA so I'd encourage every holder to join the discussions over @ nxtforum. We need all support we can get!
https://nxtforum.org/ora/
July 11, 2015, 03:16:03 AM
Great, got them! Thanks for your help. All the best for the new ORA plans
Replied!
@Mac_Red: I have sent you a pm about my ORA transfer on March 2015. I guess it was to originally exchange address from Kora.
Replied!
July 10, 2015, 05:01:13 PM
How can i get/swap my ora in case i ve sent it to darkhorse few months ago?
Already done for you. Nxter who is one of our treasurers sent the new currency to everyone who had transfered ORA to DH. It looks like your address does indeed have XOS (note it's a currency this time, not an asset).
Same with me but I don't see any XOS or other currency on my account on trade.secureae.com (where I sent the ORA from). I still have an "Unknown" type transaction from NXT-E26D-DMFT-N8XV-37PBS which didn't add anything to my balance. Is this it?
If you can, please post this question in the redemption topic over @ nxtforum:
https://nxtforum.org/ora/(ann)-new-final-ora-and-mic-assets-redemption-process-last-call/100/
Nxter should then be able to help you out (remember to provide your NXT address).
July 10, 2015, 04:55:43 PM
@Mac_Red: I have sent you a pm about my ORA transfer on March 2015. I guess it was to originally exchange address from Kora.
Replied!
July 10, 2015, 02:32:12 PM
@Mac_Red: I have sent you a pm about my ORA transfer on March 2015. I guess it was to originally exchange address from Kora.
July 10, 2015, 02:29:51 PM
How can i get/swap my ora in case i ve sent it to darkhorse few months ago?
Already done for you. Nxter who is one of our treasurers sent the new currency to everyone who had transfered ORA to DH. It looks like your address does indeed have XOS (note it's a currency this time, not an asset).
Same with me but I don't see any XOS or other currency on my account on trade.secureae.com (where I sent the ORA from). I still have an "Unknown" type transaction from NXT-E26D-DMFT-N8XV-37PBS which didn't add anything to my balance. Is this it?
July 10, 2015, 02:17:23 PM
How can i get/swap my ora in case i ve sent it to darkhorse few months ago?
Already done for you. Nxter who is one of our treasurers sent the new currency to everyone who had transfered ORA to DH. It looks like your address does indeed have XOS (note it's a currency this time, not an asset).
WOW! I m pretty impressed
Thank you very much! July 10, 2015, 02:09:50 PM
How can i get/swap my ora in case i ve sent it to darkhorse few months ago?
Already done for you. Nxter who is one of our treasurers sent the new currency to everyone who had transfered ORA to DH. It looks like your address does indeed have XOS (note it's a currency this time, not an asset).
July 10, 2015, 08:58:28 AM
How can i get/swap my ora in case i ve sent it to darkhorse few months ago?
July 04, 2015, 09:09:39 PM
Thanks to everyone for their patience!!
ORA MS currency is 'alive', and as fate would have it, 'XOS' / 'ORAshuffle' came into being on July 4th 2015, Independence Day in the USA. This can be a good omen for ORA, as the courage and determination of the American founding fathers to preserve their freedom against tyranny can still inspire us today, and their motivations are still just as relevant in our modern world, probably more so, especially to people working together in a decentralised manner in the crypto movement.
As a non-American myself, I still find these words very inspiring and universal.
While the sentiments of the Declaration of Independence can still inspire us today, we must not forget that the system of government it led to did evolve into something which many of us in the crypto movement are concerned about (i.e. massive state power, often controlled by unelected elites), and the price of freedom will always be constant vigilance against the corrupting influence of power itself. As the crypto movement grows and expands in influence around the globe, we need to remember the lessons of history; the good guys can become the bad guys, if they're not careful!
My hope for the future is that the ORA community stays vigilant, and 'power' & 'influence' over decision making is constantly churned and recycled among an ever changing and evolving group of people! If that happens ORA can have a great future, and make a significant contribution to the spread and adoption of NXT.
Good Luck ORA
ORA MS currency is 'alive', and as fate would have it, 'XOS' / 'ORAshuffle' came into being on July 4th 2015, Independence Day in the USA. This can be a good omen for ORA, as the courage and determination of the American founding fathers to preserve their freedom against tyranny can still inspire us today, and their motivations are still just as relevant in our modern world, probably more so, especially to people working together in a decentralised manner in the crypto movement.
As a non-American myself, I still find these words very inspiring and universal.
Quote
When in the Course of human events, it becomes necessary for one people to dissolve the
political bands which have connected them with another, and to assume among the powers of the
earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle
them, a decent respect to the opinions of mankind requires that they should declare the causes
which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by
their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit
of Happiness.— That to secure these rights, Governments are instituted among Men, deriving
their just powers from the consent of the governed,— That whenever any Form of Government
becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to
institute new Government, laying its foundation on such principles and organizing its powers in
such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence,
indeed, will dictate that Governments long established should not be changed for light and
transient causes; and accordingly all experience hath shewn, that mankind are more disposed to
suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they
are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same
Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty,
to throw off such Government, and to provide new Guards for their future security.— Such has
been the patient sufferance of these Colonies; and such is now the necessity which constrains
them to alter their former Systems of Government. The history of the present King of Great
Britain is a history of repeated injuries and usurpations, all having in direct object the
establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a
candid world.
political bands which have connected them with another, and to assume among the powers of the
earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle
them, a decent respect to the opinions of mankind requires that they should declare the causes
which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by
their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit
of Happiness.— That to secure these rights, Governments are instituted among Men, deriving
their just powers from the consent of the governed,— That whenever any Form of Government
becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to
institute new Government, laying its foundation on such principles and organizing its powers in
such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence,
indeed, will dictate that Governments long established should not be changed for light and
transient causes; and accordingly all experience hath shewn, that mankind are more disposed to
suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they
are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same
Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty,
to throw off such Government, and to provide new Guards for their future security.— Such has
been the patient sufferance of these Colonies; and such is now the necessity which constrains
them to alter their former Systems of Government. The history of the present King of Great
Britain is a history of repeated injuries and usurpations, all having in direct object the
establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a
candid world.
While the sentiments of the Declaration of Independence can still inspire us today, we must not forget that the system of government it led to did evolve into something which many of us in the crypto movement are concerned about (i.e. massive state power, often controlled by unelected elites), and the price of freedom will always be constant vigilance against the corrupting influence of power itself. As the crypto movement grows and expands in influence around the globe, we need to remember the lessons of history; the good guys can become the bad guys, if they're not careful!
My hope for the future is that the ORA community stays vigilant, and 'power' & 'influence' over decision making is constantly churned and recycled among an ever changing and evolving group of people! If that happens ORA can have a great future, and make a significant contribution to the spread and adoption of NXT.
Good Luck ORA
July 04, 2015, 12:06:25 PM
The redemption for ORA and MIC assets has started again.
Please make sure to transfer any of these assets you have to the ORA currency distribution account (NXT-E26D-DMFT-N8XV-37PBS) before October 4th 2015.
For more information:
https://nxtforum.org/ora/(ann)-new-final-ora-and-mic-assets-redemption-process-last-call/
Please make sure to transfer any of these assets you have to the ORA currency distribution account (NXT-E26D-DMFT-N8XV-37PBS) before October 4th 2015.
For more information:
https://nxtforum.org/ora/(ann)-new-final-ora-and-mic-assets-redemption-process-last-call/
June 25, 2015, 02:25:59 AM
Update
It looks the consensus is to re-issue another ORA MS, which is fine by me!
I've created two new ORA MS currencies (one with 2 decimals, one with 4 decimals) on the NXT testnet and Nxter is running some tests on his distribution scripts. Once everything looks OK, I'll re-issue the new MS on the live NXT, transfer to Nxter, and then we'll start the redemption process.
Thanks for being patient everyone, not long now
It looks the consensus is to re-issue another ORA MS, which is fine by me!
I've created two new ORA MS currencies (one with 2 decimals, one with 4 decimals) on the NXT testnet and Nxter is running some tests on his distribution scripts. Once everything looks OK, I'll re-issue the new MS on the live NXT, transfer to Nxter, and then we'll start the redemption process.
Thanks for being patient everyone, not long now
Thank you Kora. I guess we are all patient enough.
It's more important doing it right this time than doing it quick.
June 23, 2015, 11:23:59 PM
Update
It looks the consensus is to re-issue another ORA MS, which is fine by me!
I've created two new ORA MS currencies (one with 2 decimals, one with 4 decimals) on the NXT testnet and Nxter is running some tests on his distribution scripts. Once everything looks OK, I'll re-issue the new MS on the live NXT, transfer to Nxter, and then we'll start the redemption process.
Thanks for being patient everyone, not long now
It looks the consensus is to re-issue another ORA MS, which is fine by me!
I've created two new ORA MS currencies (one with 2 decimals, one with 4 decimals) on the NXT testnet and Nxter is running some tests on his distribution scripts. Once everything looks OK, I'll re-issue the new MS on the live NXT, transfer to Nxter, and then we'll start the redemption process.
Thanks for being patient everyone, not long now
June 18, 2015, 09:46:46 PM
I've started a poll to help us make the decision on whether we keep XORA or re-issue
https://nxtforum.org/ora/ora-community-vote-xora-re-issue/
Please vote!!
https://nxtforum.org/ora/ora-community-vote-xora-re-issue/
Please vote!!
jl777 has suggested a third option in the poll
3. keep it as is, as there is no peg and using InstantDEX we get effective decimals
I really can't fathom the ramifications- I'll vote later
I know what you mean
If we were to achieve overwhelming support from the NXT community (i.e. over 90% support and LOTS of people voting), then the net effect would be to effectively double the marketcap of the NXT token ecosystem. NXT is worth 1 billion NXT, and XORA is worth 1 billion NXT. That extra billion of wealth *could* solve a lot of funding problems for NXT.
BUT, it's obviously very difficult to get that level of unambiguous community support, and it would be seen as very 'controversial' by many people. We all know the typical criticism of the NXT distribution and the 73 IPO people. But that was BCNext's prerogative as the creator of NXT!
Imagine the response to XORA? A relatively obscure crypto project decides to create a billion XORA MS coins out of thin air to create the 'defacto shuffle' coin for the whole of NXT, and then pegs them to 1 NXT each, making some people very wealthy overnight! Despite being a GREAT idea (good for the shuffle idea, possible ongoing funding source for NXT) it's obviously going to be very difficult to 'sell' to the wider crypto community, especially if we don't even have strong majority support at home amongst average NXT'ers.
The outcome if we keep XORA with the 1:1, but we eventually FAIL to get overwhelming support is ORA would be dead, BUT, NXT itself would be unharmed. That's OK IMO, we would have tried for the best outcome and failed.
The outcome if we keep XORA with the 1:1, and we SUCCEED, and we do get overwhelming support for keeping XORA is ORA becomes a beautiful 'starfish' in the NXT ecosystem, and NXT has great anonymous features through shuffling, AND, NXT has another source of community funding. That's awesome!!
The outcome if we re-issue without the 1:1 limitation is we keep working on ORA, and we still have a shot at making the new ORA MS currency the default shuffle coin over time. That's pretty OK too!
Everything obviously hinges on getting massive community wide support for keeping XORA, and hopefully it'll be really obvious if we achieve that, so we don't keep XORA and fail.
IMO it's very unlikely we will get massive unambuguous support (e.g. Berlin Wall 1989, Arab Spring, Beatlemania etc), but it's still well worth the attempt!!
Alice has 166,000 XORA, Bob says I will pay $100 for it. Alice agrees and they swap
this cannot be stopped.
so if you "peg" it significantly above market price, them all liquidity of whatever is pegging it will be exhausted (see soros vs England) and then it will trade at its market price (with big spreads and lack of liquidity)
June 18, 2015, 06:46:31 AM
I've started a poll to help us make the decision on whether we keep XORA or re-issue
https://nxtforum.org/ora/ora-community-vote-xora-re-issue/
Please vote!!
https://nxtforum.org/ora/ora-community-vote-xora-re-issue/
Please vote!!
June 17, 2015, 08:52:17 PM
Update
Some important decisions regarding ORA are currently under discussion.
When I created the XORA MS currency I set the decimals for the currency to 8 (the same as NXT). This had the unintended consequence of making it impossible to trade XORA for fractional NXT amounts in the currency booth of the NXT NRS software, and thus, artificially sets the floor price inside the NXT exchange booth (outside the NXT NRS software people can trade XORA at any rate).
1 XORA = 1 NXT
Initially this 'mistake' on my part did seem to lead to the obvious conclusion that we would need to re-issue another MS with 4 decimals, which would allow a free floating exchange rate between XORA & NXT in the MS currency booth of the NXT software (Nxter had already distributed some XORA to the MIC & ORA redemptions in DH's old account before the 8 decimal problem was discovered, so we couldn't edit the XORA settings anymore).
BUT, Jack Needles has very eloquently argued that having the artificial 1:1 floor price for XORA WOULD add some very nice features that *might* actually benefit XORA as a 'shuffle' MS!
AND, the 1:1 would mean existing ORA holders experienced a massive windfall gain - 1 XORA = 1 NXT!
SO ... we have to decide what to do ... do we re-issue another MS for ORA with a free floating exchange, or do we keep the existing 'XORA' with the 1:1 exchange rate locked in, and if so, how do we use the 'windfall' to generate MASSIVE community support for ORA?
To learn more, and hopefully have your say on what we should do head over to the NXT forum and 'express yourself'!!!
https://nxtforum.org/ora/(ann)-new-final-ora-and-mic-assets-redemption-process-last-call/
We're very close to achieving official 'interesting' status for ORA, but we need support and feedback to make it happen!
Some important decisions regarding ORA are currently under discussion.
When I created the XORA MS currency I set the decimals for the currency to 8 (the same as NXT). This had the unintended consequence of making it impossible to trade XORA for fractional NXT amounts in the currency booth of the NXT NRS software, and thus, artificially sets the floor price inside the NXT exchange booth (outside the NXT NRS software people can trade XORA at any rate).
1 XORA = 1 NXT
Initially this 'mistake' on my part did seem to lead to the obvious conclusion that we would need to re-issue another MS with 4 decimals, which would allow a free floating exchange rate between XORA & NXT in the MS currency booth of the NXT software (Nxter had already distributed some XORA to the MIC & ORA redemptions in DH's old account before the 8 decimal problem was discovered, so we couldn't edit the XORA settings anymore).
BUT, Jack Needles has very eloquently argued that having the artificial 1:1 floor price for XORA WOULD add some very nice features that *might* actually benefit XORA as a 'shuffle' MS!
AND, the 1:1 would mean existing ORA holders experienced a massive windfall gain - 1 XORA = 1 NXT!
SO ... we have to decide what to do ... do we re-issue another MS for ORA with a free floating exchange, or do we keep the existing 'XORA' with the 1:1 exchange rate locked in, and if so, how do we use the 'windfall' to generate MASSIVE community support for ORA?
To learn more, and hopefully have your say on what we should do head over to the NXT forum and 'express yourself'!!!
https://nxtforum.org/ora/(ann)-new-final-ora-and-mic-assets-redemption-process-last-call/
We're very close to achieving official 'interesting' status for ORA, but we need support and feedback to make it happen!
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