I'd like peoples opinions on bounties. I think most observers of crypto can see that for most coins 5% of people do 90% of the work. Sure, lots of people post supporting messages in the threads, but when it comes to 'doing things', like setting up websites, running give-aways, setting up nodes, contacting exchanges etc it's a matter of rounding up the 5-6 usual suspects and hoping they don't get burnt out and disillusioned before the coin is airborne.

I have followed NXT and Qora closely, as well as many other coins, and it's always the same pattern - a few key people do most of the work, while the majority of stakeholders either do nothing, or offer 'posting support' without actually doing anything.

I'd like to suggest a bounty regime that recognises this pattern in crypto, (and life generally) - in group activities a few key people will do most of the work, and most of the time they don't get rewarded enough, and sometimes they get disillusioned and quit.

I'm proposing we consider distributing Kora in the following way:

50% - distributed equally to ~3000 webapp registration applicants
5% - goes to the registration webapp dev
5% -goes to the dev who clones Qora, and creates the Kora wallet applications
10% - goes to node bot bounties
5% - website & marketing

That's 75% for the 'core' functions, and to establish a community of ~3,000 users.

What I'm proposing is we keep the remaining 25% in trust to be distributed to the '5% of kora stakeholders who'll end up doing 90% of the work'.

We wont know before hand who those people are, but I'd like to think the Kora community as a whole could nominate, and then vote to award 1-2% 'power bounties' to community members who contribute day-in-day-out.

In the NXT community there are about 12 people who do MASSIVE amounts of work for the community, but there aren't any community bounties as such. They have the unclaimed monies & a community fund, but nothing like 25% of all NXT. That would be the equivalent of 250 Million NXT to distribute to guys like damelon, wesley, jl777, CfB, CIYAM etc etc!!

The same pattern is obviously at work in the Qora community now - 3-6 people are doing everything, and all Qora stakeholders can do is hope and pray they have big enough personal stakes to stay motivated long term. In the NXT community some of the biggest contributors have small stakes (hard to believe but true), and that's a long term problem for NXT.

I know it hasn't been done before, but I think it could overcome one of the biggest failure points for many coins - the people who do the most don't get rewarded, so they lose motivation, so momentum is lost, and the coin dies. Maybe that's what happened to Fairbrix (the scrypt coin BEFORE Litecoin that mysteriously died).

I think if Jean-Luc didn't have 50 million NXT from being an original stakeholder, NXT would probably not be doing so well. How lucky for NXT that one of the 8 guys to send a full bitcoin was a super talented Java dev with the ability to drop everything else and work on NXT full time. (if you're looking for a BCNext conspiracy theory, why choose the Qora dev when we've got Jean-Luc - a much better conspiracy theory).

I think having a war chest of 25% of all Kora coins for community voted 'power bounties' would ensure enough committed people  have enough motivation to keep pushing Kora forward. We could keep the 25% in an escrow fund with a trusted third party.

What do people think?

+ 1000 very nice coin 

This is such a critical moment for this coin. The actions dev take this day could be very vital.

First of all I'm a Krypt Koin holder and I intend to stay one since I strongly believe in the community and dev. That's why I'm posting this, to clear the air.

If dev doesn't have this wallet issue as very high priority atm and let everyone know what's up quickly it can look very bad.

Some facts:
* We are promised reward for sticking to our coins, not selling them for at least 30 days. This is what myself and many (probably most) is doing. So we hold and we have our wallets up and running.
* Coin is launched on an exchange extremely quickly, before all stakes have even been distributed. The true motivation of the people publicly pushing for and celebrating this is unknown. We cannot know if one of them is dev himself (not an accusation, just a statement).
* We do not know if dev might have registered more than 1 account (again, simply stating this fact). This is NOT a criticism of the distribution system which I think was handled perfectly. This kind of uncertainty is the case of all POS coins as far as I know, due to everyone being anonymous.
* We cannot get a full view of anything going on yet since we do not have access to a blockchain (earlier promised to be avalible before any stake were distributed).
* There have been a lot of dumping going on so far on the first exchange. Hopefully this is just by weak hands. But we cannot know for sure at this stage.
* Synchronization to the network now seem to be suddenly not working for at least several people.

To remove any suspicion dev must act quick now. There must be a blockchain available and there must be a wallet fix so people can actually mint properly and sync to the network again. We need to set up some kind of wiki also. To actually get up some kind of documentation, for example how exactly is the POS supposed to be calculated and so forth.

Again, I do believe in this coin and have so far only bought more. Also like I said, I believe in the dev, otherwise I would not have invested extra money into it. So I do hope you take what I wrote here the right way.

Could be added to the daily report, testadimerlo.

  please add KryptKoin ., its a 100% PoS and 100% FREE , mostly the distrubtion is fair than other coin.

 the community is strong and most of us dont want to dump any coin and need more time to grow. if you have time , please read https://bitcointalk.org/index.php?topic=606809.0.

 thanks.

  

  the Green can bring hope .

Donated 1k KTK for development.

 +1. This background color is too dark to give people a good impression  and common, the original logo is better.

 if you have any promotion to do ( X11 , etc ) , we can donation KTK or BTC .

Good luck everyone who got their shares. I'm too late to visit the thread.
Krypt may attract good trades when it hits exchanges.
With number of coins and POS future, the stake holders don't fall for poor buy orders.
I took some time to read the thread and find out, the dev took a lot of time to carefully select stake holders. The price is now entirely depends how the stake holders trade when Krypt is listed on exchanges.

Compare similarly featured coins trade values before selling Krypts.
As far as I know about Free distributed coins, none of the coins have got good value. For example, COMM, SHARE, etc.,
First and last, the stake holders hold the key for the proper value of every coin.

To the dev,
You have worked hard to bring Krypt to live. Why don't you continue your effort and make Krypt the first x11 or x13 100% POS free coin? My kind suggestion. If you can achieve, the price won't fall below 0.001.

Thanks for reading.

Target time is decreasing to keep block generation speed constant with growing number of miners.

I'm confident people will be trading Kora tokens on the NXT AE within 6 weeks.

Between now and then there's a lot of things we can do. I've been thinking of other successful coin communities I am aware of, and I'm trying to distil what makes those coins & their communities successful.

What made Tenebrix & Fairbrix fail, and Litecoin succeed?  Remember, Litecoin came AFTER Tenebrix & Fairbrix, so sometimes the first mover isn't the one to survive and thrive, and it's not just about the tech either (Litecoin & Tenebrix/Fairbrix were all scrypt based)!

What gave Litecoin the X-factor?

Obviously a major part of the answer comes from understanding the 'community' - the people involved with the coin - what they were doing, and how they were motivated. I want to learn the lessons from all previous coins so we can make Kora successful, like Litecoin.

Some argue that people will not value something that they receive for free, and that's why recent 100% POS coins that have been given away free (Coffeecoin, ShareCoin, EnergyCoin, CommunityCoin, InformationCoin etc etc) will all struggle to survive as the stakeholders (and the dev) don't care enough to do what is necessary to survive in a competitive market.

I want to explore these issues. Will a Qora stakeholder who paid for their stake be more active than a Kora stakeholder who got theirs free? Will Kora find 'leaders' to guide Kora in the future if everyone has an equal stake?

One idea I'm toying with is holding an amount of Kora in trust (maybe 25%) for bounty rewards that the community votes on periodically. I've observed a few communites, and I see that most of the time the majority of tasks are performed by a small number of people. If we have a bounty fund, the community could vote to reward these big contributors. It's just an idea!

Please feel free to make comments and suggestions, and help shape Kora