Nxt Monetary System launched: Now on Nxt Testnet! - page 3.

Juicemixer

member

Activity: 82

Merit: 10

Quote from: Kora on December 17, 2014, 06:05:07 PM

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

I have so many worthless coins to burn. If you pull this off I'll be all over this ORA coin.

foxbitcoin

sr. member

Activity: 593

Merit: 250

Very nice ,That really is HUGE

ThomasVeil

sr. member

Activity: 252

Merit: 250

Quote from: msin on December 17, 2014, 06:28:59 PM

This is going to be the most interesting Nxt feature thus far, truly unique and a thousand possibilities.

My thought too! Hope it is flexible enough so that the MS coins can get unique features and innovations.
Curious to see the POW system working.

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

interesting, will test to see how its like!

youyou_

hero member

Activity: 596

Merit: 500

hope this will point that NXT is very superior to many coins

freenxt.org

newbie

Activity: 47

Merit: 0

Very nice, I have to get some more testnet to test it out now!

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: mkmen on December 17, 2014, 06:29:50 PM

Crowdfunding in completely transparent and decentralized way? Sounds like a great use case to me, more ideas will come, I'm sure.

Indeed. People should know about this. I wrote an [img=http://nxter.org/nxt-for-financial-experts-local-groups-and-cryptofans/]http://article[/img] but I think we need to address directly the people who need such a crowdfunding platform. There are so many people out there and when I talk to them and explain all of this, they simply say:

"Why does nobody know about this?"

And I am like: "??" I do not know what to answer then.

Quote from: mkmen on December 17, 2014, 06:29:50 PM

I don't really understand the PoW minting inside PoS currency, but hey, old habits die hard I guess.

Sure but all people are welcome.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Kora on December 17, 2014, 06:21:24 PM

Quote from: ChuckOne on December 17, 2014, 05:50:50 PM

Quote from: Kora on December 17, 2014, 05:47:35 PM

ORA will be launching as an MS currency in the not too distant future!

What do you further plan on top of ORA? Will it have some special properties?

We're still working on that, and actively taking suggestions. The core ORA team have been brain storming for quite a while, and it's like our holy grail, "what will people use ORA for, what problems does it solve, how does it make people's lives better?".

We're working on the assumption that we don't necessarily have to have all the answers before we proceed, as long as it's really really obvious to everyone that we're NOT a scam or joke, and so investing time & effort into ORA isn't going to be a bad experience. I think after more than 6 months, with no IPO/ICO etc it should be obvious that we're serious about this project, and our invitation to everyone and anyone to join ORA is sincere.

We don't have ALL the answers (or even the majority of them) but we have built a decent community framework so far, and that gives me confidence that over time new people will join ORA, and some of those people WILL have great ideas!!

ORA is a starfish, no leader, just a trajectory

I look forward to your suggestions and conclusions. I guess ORA could be a blueprint currency when MS is released on the mainnet. Others could be inspired for their own currencies.

mkmen

full member

Activity: 157

Merit: 100

Crowdfunding in completely transparent and decentralized way? Sounds like a great use case to me, more ideas will come, I'm sure.

I don't really understand the PoW minting inside PoS currency, but hey, old habits die hard I guess.

msin

legendary

Activity: 1470

Merit: 1004

This is going to be the most interesting Nxt feature thus far, truly unique and a thousand possibilities. Can't wait to try it out (updating TestNet client)

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Kora on December 17, 2014, 06:05:07 PM

Quote from: ChuckOne on December 17, 2014, 05:50:50 PM

Quote from: Kora on December 17, 2014, 05:47:35 PM

Exciting times!

ORA will be launching as an MS currency in the not too distant future!

For details, and to join in the discussion please follow the links in my signature!

All are welcome!!

Oh, I did not know that. How come?

We decided that MS system has everything we needed, and no real disadvantages.

Nice. That would I call a satisfied customer!

Credits go to the devs.

Quote from: Kora on December 17, 2014, 06:05:07 PM

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

ORA has been trading on the NXT AE for some time now, but ORA stakes were initially distributed for FREE or in exchange for people contributing effort, and we want to continue with that 'vibe', and letting alt coin holders burn effectively worthless coins in exchange for ORA lets us increase our community size, and it doesn't require us taking money from people, but does offer a method that prevents abuse. It might also compensate some people in a small way for 2014 losses.

There's still a lot of details to work out, and we welcome opinions from ALL comers!

ORA community is very small, but still active

Yes, the social contract of ORA will be very important for its future.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Daedelus on December 17, 2014, 06:07:36 PM

Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?

That is true. However as with every decentralized currency (which those Nxt Currencies will be), they start with a social contract. That is, people will only have faith in the newly created currency when they can trust the stability and adherence to the social contract of the currency.

Currencies of the MS are not supposed to change once they are created AND in production.

Only new currencies would enjoy new properties later introduce than those initial ones.

But yes, people are free to suggest and to shape the decentralized nature of the Nxt economy platform.

riceberry

hero member

Activity: 491

Merit: 500

very cool and exciting

Kora

sr. member

Activity: 308

Merit: 250

Quote from: ChuckOne on December 17, 2014, 05:50:50 PM

Quote from: Kora on December 17, 2014, 05:47:35 PM

ORA will be launching as an MS currency in the not too distant future!

What do you further plan on top of ORA? Will it have some special properties?

We're still working on that, and actively taking suggestions. The core ORA team have been brain storming for quite a while, and it's like our holy grail, "what will people use ORA for, what problems does it solve, how does it make people's lives better?".

We're working on the assumption that we don't necessarily have to have all the answers before we proceed, as long as it's really really obvious to everyone that we're NOT a scam or joke, and so investing time & effort into ORA isn't going to be a bad experience. I think after more than 6 months, with no IPO/ICO etc it should be obvious that we're serious about this project, and our invitation to everyone and anyone to join ORA is sincere.

We don't have ALL the answers (or even the majority of them) but we have built a decent community framework so far, and that gives me confidence that over time new people will join ORA, and some of those people WILL have great ideas!!

ORA is a starfish, no leader, just a trajectory

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: abuelau on December 17, 2014, 06:14:05 PM

This is very exciting! Even my grandmother can create a new and secure crypto currency now.

Excellent work!

Haha, exactly. Let me know when she does. Wink

abuelau

hero member

Activity: 750

Merit: 500

www.coinschedule.com

This is very exciting! Even my grandmother can create a new and secure crypto currency now.

Excellent work!

Daedelus

hero member

Activity: 574

Merit: 500

Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?

Kora

sr. member

Activity: 308

Merit: 250

Quote from: ChuckOne on December 17, 2014, 05:50:50 PM

Quote from: Kora on December 17, 2014, 05:47:35 PM

Exciting times!

ORA will be launching as an MS currency in the not too distant future!

For details, and to join in the discussion please follow the links in my signature!

All are welcome!!

Oh, I did not know that. How come?

We decided that MS system has everything we needed, and no real disadvantages.

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

ORA has been trading on the NXT AE for some time now, but ORA stakes were initially distributed for FREE or in exchange for people contributing effort, and we want to continue with that 'vibe', and letting alt coin holders burn effectively worthless coins in exchange for ORA lets us increase our community size, and it doesn't require us taking money from people, but does offer a method that prevents abuse. It might also compensate some people in a small way for 2014 losses.

There's still a lot of details to work out, and we welcome opinions from ALL comers!

ORA community is very small, but still active

PL_CoinTrader

full member

Activity: 226

Merit: 100

wow. this looks so promising. Amazing work guys!

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Kora on December 17, 2014, 05:47:35 PM

ORA will be launching as an MS currency in the not too distant future!

Oh, I did not know that. How come?

What do you further plan on top of ORA? Will it have some special properties?

Topic: Nxt Monetary System launched: Now on Nxt Testnet! - page 3. (Read 8504 times)