I understand zanzibar's frustration and I'd be feeling just as he does if I didn't have hope for what I see as possible. However, I will mention what makes Qora VERY unique. I won't explain how I will be using this to my advantage but, to my knowledge, this uniqueness does not exist within any other coin.
Actually, there are two simple concepts that Qora uses, that I personally find beneficial-- assets can be issued very cheaply AND assets can be traded for other assets.
Coins with Asset Exchanges is nothing new. I believe Nxt was the first to implement such a feature and, whether copycats or not, more followed. When QoraDev created his AE for his coin, he decided to add Asset-To-Asset trading. I don't think this was a decision that was made on a whim. Some may think this is a novel feature but I think that's because we're not thinking outside of the common paradigm of what digital, cryptographic assets are capable of representing.
To date, most crypto-assets that are worth mentioning are pseudo-stocks. They are investments in project endeavours that hope to grow in success and worth. There success is to trickle into these assets via dividends or high-priced buy backs, made by the asset issuer.
However, assets can be more than stocks. They can be "tokens" intended to represent something of value. As an example, let's say I have 1,000 silver, 1 Oz coins. I could create an asset with 1,000 tokens, issue the asset and say if you buy these for x Qora, you are buying one of my coins. If you would like me for to ship your coins to you, send your tokens to account X and send a message with your shipping address. Otherwise, I'll hold the silver and you can sell the coins to someone else, at some other time.
I've now created an asset with direct, real world worth. It's not really a "stock" in a company, but it is a digital asset that has a pegged value to a commonly traded commodity. Now, let's say that people really like this idea and they trust that I'm being honest when I say that I have 1,00 ounces of silver. People buy my silver tokens and hold them. Some intend to never redeem them but, as the value of silver arises, they hope to sell the coins back to whomever has placed lower priced buy orders on the orderbook.
Though I hold the silver in my lockbox, people are trading my silver tokens as if they own the physical objects. This now isn't a speculative market, easily manipulated by a 2-5 people who each own 1-5% of all of the available assets. Anyone who sells these assets well below the going rate of silver is either seriously in need of money, or is foolishly trying to manipulate a crypto-asset that has ties to a real-world marketplace that they cannot control. The asset is pegged to real-world silver because it is backed by real silver, and it is redeemable for the real thing.
Time passes and after seeing the wild success of my silver asset, I decide to issue another asset-- GOLD! In this case, I am offering 1 Oz gold coins. Realizing that this is a desirable service, I now create an asset with 100,000 tokens, each worth 1 Oz in Gold. However, I only sell off what inventory I hold and I created an asset with a ridiculous amount because I never know how big this might grow! I can sell off 5-10 assets at a time and I can send and ship these coins as the requests come in.
I'm now a metal dealer, and it's all from a blockchain! How cool is that!
I now have two assets, pegged to real world commodities. People can buy and sell them from my "house book" and to others. As time passes, a few traders may realize that, Aha!, they'd like to try and leverage a little profit by flipping back and forth between gold and silver. They can do this in two ways-- sell metal #1 token for Qora, and then use the income to buy the metal #2 OR they could release a pair-trade for the other type of asset. This skips losing money from having to work the spread of two order books.
Now we have people buying and selling Silver and Qora, Gold and Qora and Silver and... Gold! (Cue Burl Ives!)
This is a very, VERY basic example of how asset-to-asset trading is extremely important. Let your imagination run wild with the possibilities and if you have the chops to manage a simple variation of what I've outlined above, then do it. This is the type of thing that could get people moving into Qora. You could easily create these types of assets in other coins, but there is no easy/fast way to move asset "value" to another asset, without selling off one asset to the base currency, to then buy up the order book of another asset. It's inefficient, and after trading on AEs since the inception, I've found it's not cheap when you want to make big moves.
You really have to watch the markets, monitor your trades and take your time far more than should be necessary.
Asset-to-asset trading could be the future and Qora has a significant head start. We just need to start finding meaningful ways of using this feature.
Looks like my posts are being deleted. Anyway, I feel like your efforts are wasted here rlh. Only a few coins will survive the BTC Armageddon, Qora will not be one of them.
