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Topic: Qora | 100% POS | Assets | Names | Voting | Open Source - page 13. (Read 113808 times)

sr. member
Activity: 363
Merit: 250
Alright, so bter withdrawals work again

ehh, for some apparently.

our marketing account was cleaned out and we've received zero responses to inquiries. not a big deal to us, because it wasn't much at all, but we won't be using bter again unless our funds are returned.
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
Happy birthday qora!!!

Qora deserves the best - we'll do our best.


We have the most user friendly and technologically advanced / feature rich coin ever!


sr. member
Activity: 351
Merit: 250
full member
Activity: 201
Merit: 100
Seems that I cannot understand... How can be an inflation when ALL Qora already exist? Or will there be in the future more Qora than 10,000,000,000 Huh
No, there wont be more than 10B QORA. 

If we implement burning, there will be less (deflation, not inflation).
THANKS!!!! I am glad not to be wrong! Smiley

But, why people do want to burn Qora?HuhHuhHuhHuh? There will be less Qora day by day by loosing keys for wallets,  people dying without to have given their wallets to their children or other things...

Every time you burn some QORA, you make the rest of the QORA a little more valuable.  This is like paying a dividend to every QORA holder.

The goal is that because the QORA services are burning some QORA, then QORA is profitable, which means there is a good reason to want to own QORA. 
xyz
hero member
Activity: 1848
Merit: 772
Seems that I cannot understand... How can be an inflation when ALL Qora already exist? Or will there be in the future more Qora than 10,000,000,000 Huh
No, there wont be more than 10B QORA. 

If we implement burning, there will be less (deflation, not inflation).
THANKS!!!! I am glad not to be wrong! Smiley

But, why people do want to burn Qora?HuhHuhHuhHuh? There will be less Qora day by day by loosing keys for wallets,  people dying without to have given their wallets to their children or other things...
full member
Activity: 201
Merit: 100
Seems that I cannot understand... How can be an inflation when ALL Qora already exist? Or will there be in the future more Qora than 10,000,000,000 Huh
No, there wont be more than 10B QORA. 

If we implement burning, there will be less (deflation, not inflation).
full member
Activity: 229
Merit: 101
Hi ca333,

First of all, I'd like to welcome you to the community! I've heard a lot of great things about you!  Grin  And I'm truly excited about having you as part of dev team.  Smiley  In case you're not aware, Qora is fully open sourced with source code hosted here at github: https://github.com/Qoracoin/Qora...  A new version with Automated Transaction (Smart Contract) engine integrated into the core is expected to be announced for release shortly.

PS: OMG, I woke up and all the cheap 5 sat Qora are gone!!!  Shocked Shocked  scriptmastr & ca333, you guys are amazing! lol  Cheesy

Oh yeah, scriptmastr, I hope you are happy with the 6 sat Qora you bought yesterday now.. lol
xyz
hero member
Activity: 1848
Merit: 772
Seems that I cannot understand... How can be an inflation when ALL Qora already exist? Or will there be in the future more Qora than 10,000,000,000 Huh
newbie
Activity: 47
Merit: 0
Sorry, I don't agree! I don't see what can be good to burn coins! Maybe I don't understand well...
But many coins will be lost on other ways - for example in lost wallets...
I love that coins are NOT burned, but go as fee from one wallet to another!

The idea is that whenever you burn coins, the rest of the coins become more valuable.  This is a way to pay a dividend to all QORA holders.

In this way, whenever someone ran a service that lots of people were using, it would make QORA itself profitable, and these profits would be given to everyone who had QORA coins, because some coins were burned, making the rest of the QORA that everyone held more valuable.  Many of the top coins on CMC use this idea: Ripple, Bitshares, NXT, Counterparty.  I think Ethereum will as well.  Its a great way to provide value to the coin and get people excited about investing in it.
Thanks for the explanations! I knew that  of course.... but the burned amount is so less... in my opinion it is much better to pay for services directly and if necessary the fee can be higher! The higher fee would bring more people to forge!

we can also think so: qora is POS system and generate more value in the time. so why not burn some amount of it? so its always good balance for it and NO inflation happen...
well first i was also sceptical about the burning. but looking at it from your PoV i fully agree. thats a great way for balanceloading regarding the coincap/value.
hero member
Activity: 521
Merit: 522
Developer - EthicHacker - BTC enthusiast
Sorry, I don't agree! I don't see what can be good to burn coins! Maybe I don't understand well...
But many coins will be lost on other ways - for example in lost wallets...
I love that coins are NOT burned, but go as fee from one wallet to another!

The idea is that whenever you burn coins, the rest of the coins become more valuable.  This is a way to pay a dividend to all QORA holders.

In this way, whenever someone ran a service that lots of people were using, it would make QORA itself profitable, and these profits would be given to everyone who had QORA coins, because some coins were burned, making the rest of the QORA that everyone held more valuable.  Many of the top coins on CMC use this idea: Ripple, Bitshares, NXT, Counterparty.  I think Ethereum will as well.  Its a great way to provide value to the coin and get people excited about investing in it.
Thanks for the explanations! I knew that  of course.... but the burned amount is so less... in my opinion it is much better to pay for services directly and if necessary the fee can be higher! The higher fee would bring more people to forge!

we can also think so: qora is POS system and generate more value in the time. so why not burn some amount of it? so its always good balance for it and NO inflation happen...
xyz
hero member
Activity: 1848
Merit: 772
Sorry, I don't agree! I don't see what can be good to burn coins! Maybe I don't understand well...
But many coins will be lost on other ways - for example in lost wallets...
I love that coins are NOT burned, but go as fee from one wallet to another!

The idea is that whenever you burn coins, the rest of the coins become more valuable.  This is a way to pay a dividend to all QORA holders.

In this way, whenever someone ran a service that lots of people were using, it would make QORA itself profitable, and these profits would be given to everyone who had QORA coins, because some coins were burned, making the rest of the QORA that everyone held more valuable.  Many of the top coins on CMC use this idea: Ripple, Bitshares, NXT, Counterparty.  I think Ethereum will as well.  Its a great way to provide value to the coin and get people excited about investing in it.
Thanks for the explanations! I knew that  of course.... but the burned amount is so less... in my opinion it is much better to pay for services directly and if necessary the fee can be higher! The higher fee would bring more people to forge!
full member
Activity: 201
Merit: 100
Sorry, I don't agree! I don't see what can be good to burn coins! Maybe I don't understand well...
But many coins will be lost on other ways - for example in lost wallets...
I love that coins are NOT burned, but go as fee from one wallet to another!

The idea is that whenever you burn coins, the rest of the coins become more valuable.  This is a way to pay a dividend to all QORA holders.

In this way, whenever someone ran a service that lots of people were using, it would make QORA itself profitable, and these profits would be given to everyone who had QORA coins, because some coins were burned, making the rest of the QORA that everyone held more valuable.  Many of the top coins on CMC use this idea: Ripple, Bitshares, NXT, Counterparty.  I think Ethereum will as well.  Its a great way to provide value to the coin and get people excited about investing in it.
xyz
hero member
Activity: 1848
Merit: 772
Wow this is all incredibly good news.  Thank you and welcome to our new developers!

I have an idea regarding the Qora services that I think could be a big deal for Qora's future.

In some other coins, there is the concept of having the blockchain be profitable.  For example, in Ripple, Bitshares, and NXT (3 of the top 10 coins), there are ways in which the currency is burned forever when the services of the blockchain are used.  (There are also ways to pay dividends or yield on assets within the system, as another way that profitable enterprises can run in the blockchains.


My idea for QORA is: what if some percentage of the QORA which was spent on these services that we develop was burned forever, thus reducing the QORA supply permanently?  

Even if the burned amounts are very small, this could generate a lot of excitement for the coin.  This is the entire value proposition behind XRP (the ripple coin), as small amounts of XRP are burned whenever ripple is used.  The idea of a deflationary, profitable coin is something that gets a lot of people very excited, and should gather us more support for QORA.


How I imagine this would work is:
There is a community standard that 10% (or some amount) of all payments for the QORA services are permanently burned.  

This percentage could be configurable such that the person running the service could set the burn rate (higher burn rates would be more attractive to the QORA community, but if they person needed to burn 0% thats fine, as long as people support them).  Alternately, it could be a fixed amount like 10%.

Service providers could either slightly raise their price, or just accept getting slightly less QORA, knowing that the process was very good for QORA itself and was increasing the value of their coins.



What we would need:
* A way for QORA to be burned permanently.  Does this exist in the code?
* Code for service providers to set the burn rate of their service.
* Community agreement that this is a good idea, and agreement on what the standard burn rate is, or whether it is up to the service provider.  (We could all vote on this in the voting system).


Do you all like this idea?  Especially devs working on services, are you opposed to this, or do you like it?  We definitely do not want to implement something liek this if it would alienate our developers.


If this is implemented, it could be a powerful idea for us to market to the crypto community to gain more QORA supporters.

yes is simple. only add unspendable pubKey linked to new sendbutton [BURN] and send tx to unspendable key. so its burned forever.
i also think this is good idea! it will minimize cap and rise value.

Sorry, I don't agree! I don't see what can be good to burn coins! Maybe I don't understand well...
But many coins will be lost on other ways - for example in lost wallets...
I love that coins are NOT burned, but go as fee from one wallet to another!
legendary
Activity: 1708
Merit: 1000
Reality is stranger than fiction
Also, which of you just bought all the 5 sat QORA at bter that I wanted to buy tonight. Wink  Dangit.

 Roll Eyes

legendary
Activity: 1806
Merit: 1001
Also, which of you just bought all the 5 sat QORA at bter that I wanted to buy tonight. Wink  Dangit.

I bought 20M )
legendary
Activity: 1470
Merit: 1024
it s done. Thank you faucet Smiley

tx: 31zNFcHHuAmYMBpyHtSypagzqvQafBwupEzVgkeigqhpmhL2EZ3LR74T8ZgkSt79YcUWC7MAi4ZyH1Y QSxtEQcW7
full member
Activity: 201
Merit: 100
yes is simple. only add unspendable pubKey linked to new sendbutton [BURN] and send tx to unspendable key. so its burned forever.
i also think this is good idea! it will minimize cap and rise value.

Awesome!  Anyone else like this?



Also, which of you just bought all the 5 sat QORA at bter that I wanted to buy tonight. Wink  Dangit.
hero member
Activity: 521
Merit: 522
Developer - EthicHacker - BTC enthusiast
Wow this is all incredibly good news.  Thank you and welcome to our new developers!

I have an idea regarding the Qora services that I think could be a big deal for Qora's future.

In some other coins, there is the concept of having the blockchain be profitable.  For example, in Ripple, Bitshares, and NXT (3 of the top 10 coins), there are ways in which the currency is burned forever when the services of the blockchain are used.  (There are also ways to pay dividends or yield on assets within the system, as another way that profitable enterprises can run in the blockchains.


My idea for QORA is: what if some percentage of the QORA which was spent on these services that we develop was burned forever, thus reducing the QORA supply permanently? 

Even if the burned amounts are very small, this could generate a lot of excitement for the coin.  This is the entire value proposition behind XRP (the ripple coin), as small amounts of XRP are burned whenever ripple is used.  The idea of a deflationary, profitable coin is something that gets a lot of people very excited, and should gather us more support for QORA.


How I imagine this would work is:
There is a community standard that 10% (or some amount) of all payments for the QORA services are permanently burned. 

This percentage could be configurable such that the person running the service could set the burn rate (higher burn rates would be more attractive to the QORA community, but if they person needed to burn 0% thats fine, as long as people support them).  Alternately, it could be a fixed amount like 10%.

Service providers could either slightly raise their price, or just accept getting slightly less QORA, knowing that the process was very good for QORA itself and was increasing the value of their coins.



What we would need:
* A way for QORA to be burned permanently.  Does this exist in the code?
* Code for service providers to set the burn rate of their service.
* Community agreement that this is a good idea, and agreement on what the standard burn rate is, or whether it is up to the service provider.  (We could all vote on this in the voting system).


Do you all like this idea?  Especially devs working on services, are you opposed to this, or do you like it?  We definitely do not want to implement something liek this if it would alienate our developers.


If this is implemented, it could be a powerful idea for us to market to the crypto community to gain more QORA supporters.

yes is simple. only add unspendable pubKey linked to new sendbutton [BURN] and send tx to unspendable key. so its burned forever.
i also think this is good idea! it will minimize cap and rise value.
legendary
Activity: 1470
Merit: 1024

 sorry guys. would anyone send me some qora? Not much. i just wanna try to deposit in my wallet if it works.

 QPk9aqLmP7wEqSzNTMZNXpnxojJxEPfeFP

 Thank you.

Go to: qora.co.in/faucet.php
Get 20 QORA to test. Smiley

Thank you. i am testing now:)
full member
Activity: 201
Merit: 100

 sorry guys. would anyone send me some qora? Not much. i just wanna try to deposit in my wallet if it works.

 QPk9aqLmP7wEqSzNTMZNXpnxojJxEPfeFP

 Thank you.

Go to: qora.co.in/faucet.php
Get 20 QORA to test. Smiley
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