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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 25, 2014, 06:16:55 AM
CryptoFest really is open to everyone to enter, and all valid entries will receive an ORA stake as part of our phase 2 "proof-of-action" giveaway.

Please don't think CryptoFest is only interested in 'professional' quality submissions. Professional productions are great, but sometimes powerful results can be achieved using a 'low-fi' approach. This applies across all art forms IMO - films, music, visual arts, theater. I love loud pumping music, but sometimes an acoustic unplugged 'vibe' can really blow me away too.

Here are some really good examples of 'low-fi' crypto related videos that I've really enjoyed. The productions are 'simple', and that leaves room for the content to shine, including the sincerity and passion of the people on screen.

Anyone with access to a smart phone could make a video like these.

NXT Scamcoin?? Jeff Garzik rebuttal
https://www.youtube.com/watch?v=3r8areoxqag
This video is a rebuttal to Jeff Garzik's recent 'claim/FUD' that NXT is a 'scam coin'. The presenter (unknown to me) has some prepared notes written on a whiteboard, but it looks like he's working off the cuff, and he sounds very knowledgeable and 'credible'. The delivery is sincere and informative, and there's some great educational content in this video, so it's almost like a mini-tutorial (and ORA gets a mention too!!). I came away from this video feeling like I learnt something!


Marc De Mesel How To Become The NXT Billionaire
https://www.youtube.com/watch?v=jFZ1oGDDQQ8
This video is a monologue (like the one above), but the presenter (Marc De Mesel) has a very different style, and the appeal of this video is more 'emotional', and the content is much more personal too, which I really liked. Marc is on location in the grounds of the Microsoft campus, and he spends time explaining some parallels between the growth of Microsoft & operating systems, and where the crypto scene is now, and might go in the future. At one point Marc gets choked with emotion describing the effect Bill Gates' example has had on him and his approach to crypto - a really great moment in crypto 'film' history! Showing passion and emotion usually 'works' well in non-fiction videos!


Tai Zen & Leon Fu - Interview December 2013
https://www.youtube.com/watch?v=GG_E47oQpT0
This is an interview style dialogue between well known NXT'er Tai Zen and another guy, Leon Fu (who I don't know much about). It's a dialogue, and Tai is interviewing Leon who seems to have some pretty high level 'expert' knowledge on crypto tech. I think I first saw this video within 48 hours of its appearance on youtube, and it really had an impact on me in my thinking about NXT back in December 2013. Not too many 1 month old cryptos have youtube interviews, and Tai obviously has some experience in front of the camera and looks comfortable as a 'host'. This video got me 'interested' in NXT!!


I think all three of these videos are excellent, and while they're all different, they're all very effective at promoting crypto, plus they're ALL entertaining and enjoyable to watch. They're probably too long for CryptoFest, but I could see shorter versions of these video 'styles' being very effective at spreading the general crypto message to the wider community, and the fact that these videos are 'simple' doesn't make them less watchable, or less effective.

I've said before that CryptoFest is trying to unearth crypto videos with viral potential. As good as the videos above are, none of them has too many views so far which is sad, but that can change!

What makes a video go viral? Viral videos have an 'X-factor', and that's impossible to 'manufacture' ... or is it?

Here's a recent viral video I saw doing the rounds on the internet. The original version had over 1.6 Million hits on youtube! This is another copy (the original must have been taken down). It's a video of a bikini clad girl trying to take a 'selfie' of herself in a public place. It's funny, and thought provoking too. Which girl comes of 'worse', the bikini selfie girl, or the girl shooting the video?

https://www.youtube.com/watch?v=B81OsN2k0n0

What makes a video go viral? What would happen if a crypto video went viral?

More people probably watched the 'selfie girl' video in a couple of weeks than the total number of bitcoin users in the last 5 years. That's a pretty weird thought!
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RSU]█ ReserveShare █ NXT AE | FAIR distribution | First POR| UNIQUE Source on: October 24, 2014, 09:26:31 PM
@all ,What about making a new coin(not RSU) decided by the community,anyone interested in this project?feel free to contact with me!
About me,I have done a lot of promotions for many altcoin and now i am doing some translation for Chinese forum and website of crypto currency.


do you mean Power of Reserve coin?
How do you ca do that? we have nothing, only words from scammer dev.



I guess he means the new coin will probably be distributed to shareholders of RSU?  Huh


Hi catchcoin,

Can you share more info about your plan?

You know making a new coin should involve much more than just doing translation or building website.

But I do like your idea of making a new coin decided by the community. So please do give us more details.

lol i have plan about this long time ago

is it possible community takeover this coin?
maybe change plan or anything
i believe someone want to develop this coin
we have good community here Smiley

@Black_Market, please put forward your plan, many are interested to hear it. ALL options should be on the table IMO.
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][RSU]█ ReserveShare █ NXT AE | FAIR distribution | First POR| UNIQUE Source on: October 24, 2014, 06:27:31 AM
What we need to do now?

1. A suitable, willing and committed dev that want to spend time developing a coin basing from this idea or a new idea which should be original and practical. Keep in mind, there are many alt coins already. So please pop up the question of, why do we need this idea and why this coin should exist.

2. Distribution - since the tokens has already been issued in the NXT AE, let it be. Those who wants to participate can buy back these tokens as it is very much too cheap to buy. Nominate a new treasurer who can or will able to "collect back" all the issued tokens to redeem the new coins. So new list of share holders is not needed. We can cut short 1 step. This can no longer be called Fair distribution but we cannot do anything about it now. So it will be something like IPO,ICO whatever you want to call it.

3. Form a small task team to organise this.

My 2 cents.

This is a great idea! I will contribute 10,000 RSU (1% of the original coin supply) towards rewarding those who step up to make this happen.

I think a possible software solution might be SlimCoin. It uses Proof-of-burn, so is innovative & green as SlimCoin runs on CPU's, and doesn't require huge resources like electricity or PC hardware. Slim is also open source (pretty sure of that), but the original dev recently left the project (another dev has just picked it up in the last week or so).

I think proof-of-burn is very interesting tech, and we could use the RSU distribution from the NXT AE to seed a new genesis block for a new chain using PoB, then see what happens. Nothing to lose really, RS is going nowhere.

The original SlimCoin was very buggy though, so any dev who picked this up would need high level skills, hence my contribution of 10K RSU.

https://bitcointalk.org/index.php?topic=613213.0

My personal opinion is RSU was genuine at the start, but after the original dev left 'reserveshare' couldn't do it on his own, so he bailed, and acted unethically at the end.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 21, 2014, 12:09:13 PM
WooHoo! We have an entry in CryptoFest!

This wonderful video about NXT was made with something else in mind (I think), but the creators kindly entered it in CryptoFest too!

https://www.youtube.com/watch?v=-CWTtFZroEA

They're in the running for the first prize (The Palme d'ORA) and the 'People's Choice', plus the 'CryptoFest: Early Birds' as the submission is one of the first ten!!

The creator will also receive an ORA stake of 166,666 ORA assets as part of ORA's 'phase 2' 'proof-of-action' giveaway!

A slow start, but the CryptoFest snowball is finally rolling Smiley
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ORA::100% POS Free & Fair distribution|issued NXT AE on: October 21, 2014, 11:57:22 AM
I wonder what would be the first submission be like. Shouldn't we do something like, you know a small video clip, lets say 5-10 secs each from everyone with their mobile around the world (all continent) with a paper, cardboard, anything in their hands with words like "We support Crypto", "You can't ban crypto" etc. Then we can compile all these clips together with a nice soundtrack in the background. The clip ends with some dramatic ssage like , "this is the beginning.." and lastly a few secs clip of Cryptofest in the end.

And hey, we actually don't have a logo for this Cryptofest.  Grin

A CryptoFest logo would be cool! I was also thinking of music today also, how it would really help promote the crypto movement having a catchy song.

I think if CryptoFest is successful we could consider starting a 'song competition' for an original piece of music with lyrics to promote the crypto movement.

Music is 'emotional' communication!
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ORA::100% POS Free & Fair distribution|issued NXT AE on: October 21, 2014, 11:50:57 AM
WooHoo! We have an entry in CryptoFest!

This wonderful video about NXT was made with something else in mind (I think), but the creators kindly entered it in CryptoFest too!

https://www.youtube.com/watch?v=-CWTtFZroEA

They're in the running for the first prize (The Palme d'ORA) and the 'People's Choice', plus the 'CryptoFest: Early Birds' as the submission is one of the first ten!!

The creator will also receive an ORA stake of 166,666 ORA assets as part of ORA's 'phase 2' 'proof-of-action' giveaway!

A slow start, but the CryptoFest snowball is finally rolling Smiley

27  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ORA::100% POS Free & Fair distribution|issued NXT AE on: October 19, 2014, 04:00:56 AM
Very nice summary kora. Cool
Thanks Mac!

Here's part 2 Smiley

Quote

PART 2


It's still too early to know whether ORA will succeed, or even whether ORA will get off the ground as an independent coin at all (rather than exist briefly just as a token on the NXT asset exchange), but I'm still confident the ORA experiment will be worthwhile, even if it's just because other people learn not to repeat some of our mistakes.


ORA History
I announced "Kora, a clone of Qora" on 22 May. This seemed like a good starting point for someone like me who is a supporter of PoS coins. I was NOT interested in promoting a straight clone of Qora long term, but as a non-developer I knew the tech direction for ORA was always going to be ultimately set by someone else, and my primary objective from day one was to make ORA a decentralised leaderless organisation from birth, and that meant handing over the tech decisions to other people who would be autonomous from me asap.

I am merely the catalyst who proposed the original idea to start a new coin, and I don’t have the skillset to design the perfect PoS coin, but I can assist people who might, and I am also prepared to put some resources into the ORA experiment.

The Game Plan
My first objective was to outline an appealing and credible road map - "Kora, the first clone of Qora, issued on the NXT AE while we wait for the source code". I'm quite proud that (afaik) my (K)Ora announcement on May 22 was the first time someone proposed publicly to issue a coin on the NXT AE. Due to our conscious effort to plan things properly and take our time getting the registration webapp right, some other coins actually did this before ORA (most notably NEM) but I'm 'claiming' the idea to issue coin assets on NXT AE was mine! I was more than happy when UtopianFuture borrowed from (K)Ora, as we are/were crypto brothers in arms after all!!

I also fully expected that many people would be cynical and critical of this approach, so I knew in order to attract a competent dev to help me design and develop the 'phase 1' registration webapp, I would need to pay a 'real' bounty in bitcoins, not just offer a 5% stake in ORA tokens.

My secondary objective (after the leaderless Starfish community structure) was to avoid any hint of ‘scammyness’. That's one of the main lessons we should have ALL learnt from crypto history by now IMO. Other things being equal, the coins that have the best chance of survival are the ones that gain 'acceptance' by people, and any hint of scam means almost certain death for a new coin.

People don't like unfairness, and if given a choice they will always choose a 'fair' option if it's available. The first mover *might* get a pass-card for some perceived 'unfair' elements like an IPO with a small number of participants, but any clones (even heavily modified ones with unique features) will probably die a quick death if the market (i.e. people, users, consumers) suspect there was/is something 'unfair' going on. Sometimes the perception of unfairness might be unfair itself, like the NXT IPO for example, which IMO was conducted openly and fairly, but in the end it doesn't really matter. If the community consensus opinion says a coin smells unfair it will probably die.

Perceived unfairness might be an IPO, or a developer premine that looks a bit too big, or a delayed start announcement that implies a possible secret ninja mine for insiders, or maybe some insiders had access to an optimised miner earlier than the rest of the community. Many previous coins have suffered from lingering smells due to these type of issues.

Fairness is good IMO because it’s ethical, and that’s an important goal for its own sake, but fairness is also a necessary requirement for success in an open market with low barriers to entry. Tenebrix died but Litecoin lives because Tenebrix was judged "unfair" by the market. Monero is more successful than Bytecoin, because people have judged Bytecoin has "unfair" aspects.

Fairness is a pre-requisite for community acceptance. Why is Lance Armstrong rejected now? His cycling achievements are exactly the same as they were before his admission of drug taking (he still won seven Tour de France races), so is he still the best cyclist in history or not? Most people would say 'No' because he took performance enhancing drugs, so it's not 'fair' to the other competitors, but in absolute terms he did come back from cancer and win seven times in a row, and despite the drugs, that's still pretty amazing.

The reason most people would disagree (Lance isn't the best cyclist in history) because humans don't like cheating, lying, scamming ... we don't feel good about things that look unfair. Sometimes we don't know the truth, or we don't have the option to reject the 'unfair' option before it's too late (a network effect has already cemented the 'unfair' incumbent), but when we do, most humans will go for the 'fair option if they can. This is not so much an opinion, but what I think is readily observed over human history.

When things are judged as 'unfair' trust is broken, and eventually things can become unworkable, and even those who previously benefited from the 'unfairness' often come to the point where they see that there own self interest requires fixing the most extreme effects of the 'unfairness'.

That's sort of what happened in South Africa in the lead up to when apartheid ended, and the white community had a referendum to decide whether to continue negotiating with the black majority to change the South African constitution, and effectively end apartheid. The referendum was passed with a 68% majority! It would be nice to think that 68% of white South Africans in 1990 voted based on ethical and humanitarian considerations alone, but I think it's safe to assume *some* white South Africans voted 'yes' despite their own 'prejudiced' feelings because they finally accepted that such an 'unfair' system like apartheid was broken, and would never be accepted. The 'unfairness' would eventually make South Africa 'unworkable' as a society and as an economy. I think many whites voted in favor of 'fairness' not from the heart, but from the head. I've been to South Africa a few times and met many wonderful people on my travels, black & white, and that's the impression I got from talking to South Africans about that period in their history.

Many times I've seen NXT'ers saying similar type of things to NXT IPO whales 'distribute your stake, it's in YOUR interest to improve the distribution, you will destroy NXT if you are greedy and think you can keep 5% stake of ALL NXT' etc etc Many whales have probably done just this, sold NXT motivated by something other than their own profit. To try and keep NXT 'workable' -  Distribute or Die!!

I think most crypto activists agree that a pre-requisite for a crypto coin's success is acceptance, and a pre-requisite for acceptance is a collective judgement of "fairness" by the market (i.e. the coin users) for the processes and culture around the coin, and that includes the initial distribution. IMO NXT and Qora both had "fair" IPO's, but the consensus of the market is *probably* the opposite, that both IPO's were too small and so 'unfair'. NXT will probably 'get away with it'  based on having a first mover 'pass-card', (similar to early bitcoin miners), as the network effect has already started to cement the first movers into their dominant positions.

Qora??
With Qora things might be a bit different though.

If the Achilles heel (rightly or wrongly) for NXT was the initial distribution, why did Qora repeat the same mistake with an IPO for only a small number of initial shareholders? That 'error', combined with some early 'pumping' frustrated me, as IMO it was obvious an early price pump would only burn early investors when the price fell later, and Qora obviously had so much more promise compared to most other alt coins, and Qora was so much more than just another clone coin.

That’s what got me off of the couch as an arm chair critic and into the game so to speak. I decided to put my money where my mouth was and see if I could spark a new coin into life based on some of my main opinions & ideas as to what makes a successful coin 'work'.

So ... my game plan when I posted my announcement on May 22 was:
- Find a dev to make a distribution webapp
- Pay him/her a bitcoin bounty, because that's fair to them, and so that hopefully gives me the best chance to get a quality applicant
- No IPO, FREE stakes - avoid any hint of 'scam'
- The registration webapp prime directive - "make it fair", so people accept the outcome - FREE stakes, long time period to register, lots of advanced warning, ant-sockpuppet measures, use common-sense to solve problems

I think we probably got a few sockpuppets but overall Mac Red (the webapp dev) did a marvellous job! Paying a 2 bitcoin bounty to Mac was a great investment in ORA, and since then he's gone on to make many other contributions to ORA (like setup our forum oraforum.org, and organising his own giveaway), plus he's involved with planning, offering new ideas, and providing opinions and feedback on all other aspects of ORA. Getting a great guy like Mac Red involved with ORA early made me look much more 'credible' than I otherwise would have (hopefully), and that then snow-balled into making ORA look more credible, which then made/makes it easier to attract more high quality people. People are the key!

A fundamental lesson I've had confirmed by my experiences with ORA so far is the most important ingredient for a successful project is the quality of the people involved. You can always debug a buggy program and put out a new version, and most users will forgive you for a few tech inconveniences and delays, but you can't debug a person if their character is shown to be wanting in some way. If people suspect something 'dodgy' is going on it can be fatal, even if the suspicion turns out later to be false. Mud sticks, and 'scammy smells' linger! Many coins have obviously suffered from this problem in the past, and avoiding this (if possible) for ORA has been one of my prime objectives.

I think ORA can have great tech too, but at this stage the most important thing has been getting good people involved. A small group of honest, motivated, active, and community minded people is the basic foundation for any project, and if you have good people involved at the start you can start BUILDING something worthwhile! You can even delay some of the BIG decisions around the tech, and you can still start building community trust around the people. That's probably still an assumption at this stage, but I think ORA will prove it is right. People make communities great!

ORA has only attracted a small group so far who are actively doing things, but they are ALL really good people - exceptional people - so I'm SUPER confident we can build something “interesting” together, and I’m also confident we can attract more ‘exceptional’ people as time goes on.

After 5 months I think that’s what I am most happy about - the quality of the people who were interested enough in what I was talking about trying to do with ORA in the middle of May 2014, who ended up putting in some effort & taking some risks to get involved and help me! Without active committed people who actually care, ORA won’t succeed, but that goes for all other crypto coins too!

I feel very fortunate that i was able to attract great people who actually care about doing something 'interesting' and worthwhile with crypto currencies & blockchain tech!

28  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 19, 2014, 02:21:10 AM
CryptoFest :: Short Film Festival :: Progress Report!

CryptoFest was announced on 29Th September.

Goal:         'To promote blockchain technology to the wider community, to help spread adoption of ALL crypto currencies'
Strategy:   'Stimulate production of ENTERTAINING short videos & multmedia presentations about blockchain tech & crypto currencies'
Objective:  'Start a successful short film competition with prizes'
Tactics:     'Get BTT users 'interested' in CryptoFest as an idea, VIRAL promotion of a worthwhile project'


First Prize - the Palme d'ORA
- 2 bitcoins
- 5 Million ORA assets

People's Choice Award
- 1 bitcoin
- 2.5 Million ORA assets

166,666 ORA assets for each valid entry


On October 14 we announced:
'CryptoFest: Early Birds'
CryptoFest will award two 0.25 bitcoin prizes for the best two entries from the first ten valid submissions.


So far we have not had ANY entries submitted, but we're still confident CryptoFest will end up being VERY successful!

Please HELP ... spread the word anywhere you think might be useful, consider entering yourself Smiley

CryptoFest wants to 'catch' crypto related Viral Video(s)!!!

http://www.cryptofest.tv/
29  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 19, 2014, 02:13:24 AM
Awesome work guys! These rewards are extremely generous.

Even if you don't make videos and participate for the prizes, tell others about this! If you're invested in *any* crypto currency this can only be a positive thing.

Thanks Mac! That's right, we need 'Viral' grass roots promotion! Every bit counts Smiley
30  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ORA::100% POS Free & Fair distribution|issued NXT AE on: October 14, 2014, 09:30:25 AM
I'm in the process of writing an extended article on my thoughts and experiences around my attempt to bootstrap ORA.

Here is Part 1, parts 2-4 coming soon! Feedback most welcome Smiley

Quote
PART 1

Living on the NXT asset exchange!

Introduction
The ORA project is about one week away from celebrating our 5th month of existence! Not bad for a crypto coin project that still has NOT decided what it actually IS yet! A strange situation for many no doubt, but this is crypto after all, and most of us have learnt to expect the unexpected by now. A prolonged period of naval gazing is giving us more time to grow the community and filter ideas on what direction we should take.

I said in my original (K)Ora announcement on 22 May on BTT that 'Kora' (later changed to ORA) was an experiment, and I think it's a good time to reflect on what's happened so far. We've had many good things happen, but we've also struggled in a few areas too, and there's definitely room for improvement in some areas.

We always welcome suggestions and feedback, and that’s why I think it's a good time for a wall of text on ORA. ORA project development is NOT fixed, and anybody who would like to get involved is more than welcome to pitch in and help! If you have ideas we have ears Smiley

If I was to try and summarise my original ORA game plan it would probably be something like this:
"Try and bootstrap a new PoS coin project that attempts to learn from the past experiences of other crypto coins. Concentrate first on community building around a broad objective, then try and empower the community to work out the specific details for itself, including community processes like funding allocations and decision making."

Bitcoin is obviously an amazing invention, but IMO PoW coins will not be seen as acceptable by the general public due to the waste issue, and while mining as a method of distribution was a great first step, I believe the advantages of PoS coins make them superior.

PoW coins do make themselves very expensive to attack, and the 'impersonal' nature of coin distribution via mining makes PoW coin generation and distribution seem 'fair', and therefore, acceptable to most people (i.e. an algorithm distributes the coins, and there's no need for an IPO). Mining has, however, become very concentrated now through large mining pools, and PoW coin networks (and therefore blockchains), are far less robust than they originally were, making them much more vulnerable to attack than previously IMO.

PoS coins do have some serious obstacles to overcome if they are to achieve wide spread adoption though. As all the coins must be created at the start there needs to be a 'conscious' decision on how the coins will be distributed. The deliberate nature of the initial distribution can present perception problems ('hey, a small number of people got all the coins in an IPO, that's not fair!). The 100% "premine" does, however, create many new opportunities that aren't available to PoW coins though.

Some of the PoS genesis coins can be held in trust and used to pay for some of the costs involved in bootstrapping a new crypto coin - development, promotion, community building ... paying people, keeping people motivated and active!

BUT who will safe guard all those 'community' coins? How can we trust a decentralised community to 'do the right thing'? Who's in charge of the 'Starfish' organisation, who's responsible? These are important questions to resolve.

In order to make it possible to keep such a large amount of community funds undistributed at the start, the new fledgling PoS community needs to develop a culture of "trust", both internally among the early adopters, and externally in the eyes of the wider crypto community. The young community also needs to develop extremely robust  and resilient community processes around decentralised decision making in order to have any hope of functioning effectively.

These are not easy things to do, especially in a 'Starfish' community without a leadership structure, but this is ORA's initial objective. We are trying to build a strong & cohesive decentralised community around the goal of creating a new PoS coin (that doesn't exist yet), then we will organise an efficient and effective distribution scheme that is (hopefully) 'accepted' by the wider crypto community (i.e. people now and in the future believe it was fair). Then we will try and develop innovative new tech using the best available resources at hand. Some of those resources will be code from other open source crypto projects, and other key resources will be the talents and energy of people who like the basic road map of ORA, and decide they would like to join in and help.

Can a strong 'credible' community with a clear worthwhile goal attract talented people? This is one of the propositions the ORA experiment is trying to test.


History: Why start ORA at all?
I made the decision to try and bootstrap a new alt coin after spending a couple of years following bitcoin, alt coins and Ripple. Having been fortunate enough to make a reasonable return on my investment of time and money in crypto, I felt that I had a pretty good understanding of the crypto landscape, but as someone with limited dev skills, I felt myself being dragged (unwillingly) into the role of 'balcony critic' like many other longer term residents of BTT. I wanted to avoid ending up as just another BTT no-it-all  'troll' spitting negativity and cynicism at newbies.



In order to get involved you need to put some 'skin' in the game IMO. You need to 'show' yourself (even if you stay anonymous), be sincere, spend time working on things to promote your objectives, be passionate about your ideas and goals, and importantly for me, put some real resources into trying to get ORA airborne. Putting resources into a project shows others you are committed and serious, and that hopefully helps build trust among the early community members.

I had my 'awakening' during the first week after Qora was released in mid May. Up until then I had closely followed NXT and NEM from their beginnings, and when Qora came along I felt frustration that past mistakes of other coins were going to be repeated again. It seemed obvious to me that NXT, NEM & Qora were all 'interesting', and they all had many excellent features and attributes that made them potentially superior to most PoW coins.

Unfortunately IMO, no PoS coin has managed to put all the necessary 'elements' together so far, or at least not together in a well thought out way. With NXT being the first new PoS coin, not getting everything 'right' is understandable, and NEM’s biggest failure was probably a lack of planning, and that was understandable too given its history. I think both NXT and NEM will still be very successful, but from here on I think later coins will need to raise the bar in order to survive. Don't get me wrong, I think technically NXT (and probably NEM) are superb, and the community around NXT is decentralised and leaderless, and still very active and full of energy, so NXT (and NEM) are very robust, and quite resilient to attack IMO.

Qora is different though, or at least it appeared different in mid May.

After Qora was released it felt like a potentially great coin was going to suffer unnecessarily because the qora community wasn't consciously trying to benefit from the past experiences of NXT and NEM. History serves a critical function when it helps us make things better in the future, and when it helps people avoid previous problems. IMO the crypto community has enough evidence now from past coin successes and failures, and I think it's possible to almost ‘design’ new coins that have better objective chances for long term success.  

Some of those factors are obviously technical, but many are not. Other critical factors are things like:
- organisational structure
- decision making processes
- funding issues, how developers & community workers are compensated
- distribution of coins
- promotion & marketing

The key IMO is planning all of the above, but still keeping things decentralised and leaderless … the Starfish!


ORA is an attempt to try and address some of these issues consciously, rather than leave them to more random processes and chance outcomes. Obviously the tech is critically important to long term success, but cloned coins like Doge have been very successful recently, so tech alone isn't enough, especially once crypto coins try and break into the wider community where the vast majority of users won’t know or care much about the tech, or where the tech came from, and who invented it.


31  Alternate cryptocurrencies / Altcoin Discussion / Re: ORA:: Development discussion thread on: October 14, 2014, 03:08:25 AM
any interesting news regarding development? Do we know what we are gonna to clone?

I've been doing a great deal of research on potential new features.  We have had some internal discussions regarding a clone source.  I will be compiling these into the next version of the Ora project plan, which will be due out after I have the website completed.

If you have any ideas regarding a clone base or features, feel free to speak up about them.

kind regards,
nio

Hello.

Recently I have heard of a coin that has an interesting concept but i found the implementation
or lets say distribution to much centralized.
Maybe ORA could implement the same concepts but with a wider user base adoption.

You can find the links here and also my thought about it:
https://bitcointalk.org/index.php?topic=225659.msg8968204#msg8968204


Thank you for this suggestion! It does look interesting.
32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ORA::100% POS Free & Fair distribution|issued NXT AE on: October 14, 2014, 01:13:49 AM
Announcing - 'CryptoFest: Early Birds'

more details - https://bitcointalk.org/index.php?topic=801933.msg9192148#msg9192148
33  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 14, 2014, 01:06:54 AM
I'd love to see a short film on marijuana-related coins like POT and CANN!

If you have a smart phone with a camera YOU could make it!! Entries don't have to be fancy ... just express yourself, and be sincere (if you want, that's not a requirement lol) Smiley
34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 14, 2014, 12:59:59 AM
CryptoFest needs your help!

Who's old enough to remember school discos before break-dancing made it 'safe' for guys to dance with other guys? (i.e in the era when boys dancing with other boys  raised their personal 'defcon' status to "head flush imminent" from bullies).

The atmosphere on the dance floor would always flat-line until a couple of brave guys felt courageous enough to ask a couple of brave girls, then BANG, other teens would see people like them up and having fun, and that would inspire them to take a chance and ask someone to dance. Slowly the trickle of new dancers would grow into a flood, and soon the dance floor would be alive with girating teens having a great time!

[Girls dancing with other girls has probably always been acceptable, but I wonder if younger dance loving guys realise the debt of gratitude they owe to break dancing?]



Well it looks like CryptoFest exists in a "pre break-dancing" type of world, and we're having a little trouble getting people up and 'jiving' on the CryptoFest dance floor, making crypto inspired short films & multimedia presentations.

We really need a few brave people to submit some entries and express themselves, then I'm confident others will get inspired. I promise no-one will get 'flushed', CryptoFest is safe for EVERYONE!!

In order to kick things along and (hopefully) inspire a few 'brave' people to submit entries, we've decided to start a new sub competition to run in parrallel with the main CryptoFest.

Announcing - 'CryptoFest: Early Birds'

CryptoFest will award two 0.25 bitcoin prizes for the best two entries from the first ten valid submissions.

The early bird entries will still be eligible for the other prizes (the 'Palme d'ORA' & the 'People's Choice Award'), so if your entry is one of the first ten submissions you could win one of the "Early Bird" prizes AND one of the other main prizes too.

Remember, all valid entries will receive an ORA stake of 166,600 ORA tokens as part of our 'phase 2' 'proof-of-action' disribution.

If you were thinking of entering CryptoFest later, now you have an added incentive to start early, and be one of the first ten submissions!

Early birds have a 1:5 chance of winning 0.25 bitcoins, and you'll also have the eternal gratitude from the CryptoFest team Smiley
35  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] CryptoFest :: Short Film Festival :: Sponsored by ORA on: October 14, 2014, 12:51:05 AM
Have you made any reddit posts yet? If so link them here. Smiley

Reddit can be pretty brutal with all the malcontents downvoting things.

Thanks Este Nuno, that's a great suggestion! I haven't posted on reddit yet, but I will try and do that today.

I haven't posted on reddit before (just reading so far), so any help would be really awesome.

Sorry for not acknowledging your suggestion earlier (i've just been so busy with real world stuff lately), and thanks for all of your constructive suggestions and support, not just regarding ORA, but on many other threads I see you posting in too!! This forum benefits greatly from your input.

regards

36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ORA::100% POS Free & Fair distribution|issued NXT AE on: October 05, 2014, 12:24:41 AM
Guess who got banned for running an impromptu ORA give away?? It was for a good cause so i don't regret it, but I must admit I am quite disappointed that an incredibly nasty thread is allowed to continue on this forum.

This is the thread in question (very nasty piece of work). All the give away posts have been deleted.
https://bitcointalk.org/index.php?topic=809466.0

'kora2' will hold the fort while 'kora' is in the sin-bin for 30 days!

onwards & upwards Smiley
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