[ANN] Qora | Released 16 May | 100% POS | New Source

[chris_m]

no news since then.

Thats not accurate.
they are a very active community and code is been changed many times.

1. http://blog.ethereum.org/
2. https://github.com/ethereum/wiki/wiki/%5BEnglish%5D-Ethereum-TOC
3. http://forum.ethereum.org/discussion/797/list-of-ethereum-specific-meetups-live-updates

but this isn't the place to discuss that.

I wont wait for ethcoin because it is too long dev time and might have many investors which makes no profits for IPO.

[1714863366]

1714863366

[dzarmush]

All other 2nd gen coin projects look miserable compared to Qora. All of them started several months ago and they didn't do any better since then: eMunie, Ethereum, NEM, NXT Lite, eXo. They've got whitepapers, teams, money, everything. But they don't have the only important thing - the product.

People on the NEM thread have been asking for a beta for ages, and the devs have still not released one. Qora had a beta out ages ago, and now the release version's out.

NXTL guys announced May 25 the end of IPO and on 26th they said they didn't collect enough money, so IPO is not over yet, so we're trying to find a solution.

Qora unlike others haven't asked for anything. He opened IPO, closed IPO, announced the launch and released the coin. What's more to ask.

[dzarmush]

Oh yeah. Another one. Skycoin. I've been waiting for months and finally they announced that they'll do IPO for 1% of the emission although it's 100% POS  And they want $50'000 for that 1%.

[bitcoinpaul]

To bring the old wallet to the new version, just copy the wallet folder?

Yes

Didn't work. How about restoring the wallet with 'private key' - what are the steps?

[dzarmush]

To bring the old wallet to the new version, just copy the wallet folder?

Yes

Didn't work. How about restoring the wallet with 'private key' - what are the steps?

How could it not work?

To recover from the seed you'd need to delete wallet folder, launch the client and choose "recover wallet", then copy/paste seed when you're asked.

[Djinou94]

Oh yeah. Another one. Skycoin. I've been waiting for months and finally they announced that they'll do IPO for 1% of the emission although it's 100% POS   And they want $50'000 for that 1%.

1% crazy

why price down?
so great 2nd coins.

let them dump them, so that we can buy them and help with the distribution.

Qora will eventually reach above 1000Satoshi, so the low price helps the whales get in

The price is a little too high
Let them dump
I want to buy at 50 satoshi

[bitcoinpaul]

To bring the old wallet to the new version, just copy the wallet folder?

Yes

Didn't work. How about restoring the wallet with 'private key' - what are the steps?

How could it not work?

To recover from the seed you'd need to delete wallet folder, launch the client and choose "recover wallet", then copy/paste seed when you're asked.

That worked. Somehow, the client didn't care about the old wallet folder.

[twospirit]

Why should I invest in Qora?

[dzarmush]

To bring the old wallet to the new version, just copy the wallet folder?

Yes

Didn't work. How about restoring the wallet with 'private key' - what are the steps?

How could it not work?

To recover from the seed you'd need to delete wallet folder, launch the client and choose "recover wallet", then copy/paste seed when you're asked.

That worked. Somehow, the client didn't care about the old wallet folder.

Didn't care how? I mean it either sees it and show the wallet or doesn't see and suggests to create a new one or recover an old one.

[Djinou94]

Why should I invest in Qora?

Because it's the most promising 2014 project till now
And it's launched not like Nem or Etherum

[bitcoinpaul]

Didn't care how? I mean it either sees it and show the wallet or doesn't see and suggests to create a new one or recover an old one.

Didn't suggest to create a new one so he must have seen the folder. But account-tabs was empty. Strange: I could unlock the wallet despite the fact that the client didn't show anything.

[dzarmush]

Why should I invest in Qora?

Because you only invest in currencies with 100% unique source code and devs invented new POS algorithms?

Because you want to get x2 profit within a month or x5 within a couple of months?

Because you understand that time of old coins is over and 2nd gen coins will eventually overcome 1st gen coins?

Pick any reason you like  

[dzarmush]

Didn't care how? I mean it either sees it and show the wallet or doesn't see and suggests to create a new one or recover an old one.

Didn't suggest to create a new one so he must have seen the folder. But account-tabs was empty. Strange: I could unlock the wallet despite the fact that the client didn't show anything.

Got it. Yeah it's a common bug. Recovering helps to fix it.

[twospirit]

Why should I invest in Qora?

Because you only invest in currencies with 100% unique source code and devs invented new POS algorithms?

Because you want to get x2 profit within a month or x5 within a couple of months?

Because you understand that time of old coins is over and 2nd gen coins will eventually overcome 1st gen coins?

Pick any reason you like  

+djinou: thx, I see a lot of Nxt guys here gonna buy in

[dzarmush]

Why should I invest in Qora?

Because you only invest in currencies with 100% unique source code and devs invented new POS algorithms?

Because you want to get x2 profit within a month or x5 within a couple of months?

Because you understand that time of old coins is over and 2nd gen coins will eventually overcome 1st gen coins?

Pick any reason you like  

+djinou: thx, I see a lot of Nxt guys here gonna buy in

Yeah, it's like Nxt 2.0 but better. Starting from BCNext renamed to Qora and ending with lots of fellow NXTers

[jeffyeah]

So, anyone got an idea as to how the POS algo can be checked. Or the whole code.

Blindly trusting the dev is really an issue.

I am not saying that anything is wrong. What I am saying though is, that the current state of Qora leaves a lot of serious attack vectors open.

I am aware that showing the source will lead to a clonefest. But maybe there is another way to have the code checked without it excaping into the wild.

This is a valid and important question. Something can walk like a duck, and quack like a duck, and yet not be a duck. We all know that Qora can do the basics - send/receive funds, register/buy/sell an alias, etc - but as a community we have zero proof that it is a crypto currency in the normal sense. It's likely that some people have examined the obfuscated code, either to find attack vectors or to satisfy themselves that it is a sound investment, but if so the results aren't being shared.

It's fine to have faith in the dev to a certain point, and those who were involved in the IPO (myself included) have struck lucky in the sense that he appears to have delivered the goods. But outside investors putting in their hard earned money will be put off by this "black box" coin, as will the enterprising individuals who will need to build the surrounding services that are required if Qora is to be a success. If I had no Qora, I wouldn't buy 50 million at today's prices with today's information (although I would buy a lesser amount).

I also understand the concerns about open sourcing the code leading to it being cloned. Nxt (whose code was never obfuscated) managed a staged release of the code, an approach which worked well. Can we do the same?

I would ask the dev to release a white paper describing the Qora design, in particular the PoS algorithm, the crypto aspects, and P2P aspects, and any other aspects that are innovative or unique to Qora. Can be brief, nothing fancy. Can be written and edited by a trusted forum member after a short Q&A session with the dev, if he's short on time and busy with coding. This won't help those building clones in any way (it's only the design, not the implementation), but it would go some way towards getting Qora accepted in the wider community.

Some extensive Q&A might be a good point to start at. Though, going about and gathering questions for a while is something needed to be done first. There's no sense in bombarding Qora with a stream of senseless and repetitive questions.
What would also be an interesting vector to approach the whole situation, is taking the cryptpgraphic part of the code only and release it. The part of the code that makes sure the data stored is actually secure.

The POS might be new but I see it as the minor problem as long as it doesn't offer any advantages for specific groups of users.

Also, from a lot of the replies here I start to understand why it is so incredible easy to make money in the crypto world.


Edit:
What a lot of people here obviously don't realize is, that Qora (as well as NXT) are startups. These are not currencies. They are very similar to ripple. And that "coin" has hell of a code. A real masterpiece. But they made some terrible mistakes on the way. Obviously crypto world does not accept premine. Not the tiniest bit. (As long as it is not served in a nice wrapper)

Currently a lot of people here at the Qora crowd seem to rely mostly on the "greater dumb" theory. If I come from the outside, why should I buy this coin? I don't hear any reasons but apple logic. Only this is not apple.

If I'm interested in investing and don't want to just blindly throw money at something, where can questions like

Is there a plan? Is this even legit? Where can I get all the info I need?

be answered?

people don't want to answer your, just want to ask you, why do you have BTC? where can you get all the info you need?
you will not get the answer! 

[GoldenEye]

Now I have set up some nodes to participate in this promising coin 

Is there any way of quick checking if the nodes are running stable and when they will get the bounty?

Is it correct that ports 9084 AND 9085 must be opened in the firewall?

I see your nodes registered. You'll be receiving coins every 7 days.

Again: Is there any way of quick checking if the nodes are running stable and when they will get the bounty?
Is there a fixed day on which the node bounties sent?

[Daedelus]

Because you only invest in currencies with 100% unique source code and devs invented new POS algorithms?

Because you want to get x2 profit within a month or x5 within a couple of months?

Yeah, it's like Nxt 2.0 but better. Starting from BCNext renamed to Qora and ending with lots of fellow NXTers

Come on, I know you are excited but try not to blur the line between fact and pure, unabashed and unadulterated speculation 

Have we seen the unobfuscated source code yet? Is there a whitepaper describing the new POS algo that has been reviewed by guys who know what they are talking about? Do you know BCNext is involved or is it just a claim the hype the coin? (although not the first one I have seen)


Let's try and keep our feet on firm ground when we are talking on these forums, it is the only way cryptos will have a future.

[cawson]

Let's try and keep our feet on firm ground when we are talking on these forums, it is the only way cryptos will have a future.

How about we start from letting Qora breathe a little bit...  are you comfortable with some of the known Nxt supporters coming here with the same NONSENSE Nxt was getting hit with for months NON-STOP???  

SERIOUSLY...  it's been months of endless discussions on various issues concerning Nxt...  but here they are being ALL STRICT with Qora that has BARELY LAUNCHED!?!?!      WTF???  

By the way...  I am very proud to have started the whole BCNext/qora Conspiracy Theory myself...  it has already been a great source of entertainment/laughter/good times among Qora folks (some Nxt folks too actually) and hopefully it will continue!!!  

agree!It will go to moon.

[Ingatqhvq]

Because you only invest in currencies with 100% unique source code and devs invented new POS algorithms?

Because you want to get x2 profit within a month or x5 within a couple of months?

Yeah, it's like Nxt 2.0 but better. Starting from BCNext renamed to Qora and ending with lots of fellow NXTers

Come on, I know you are excited but try not to blur the line between fact and pure, unabashed and unadulterated speculation 

Have we seen the unobfuscated source code yet? Is there a whitepaper describing the new POS algo that has been reviewed by guys who know what they are talking about? Do you know BCNext is involved or is it just a claim the hype the coin? (although not the first one I have seen)


Let's try and keep our feet on firm ground when we are talking on these forums, it is the only way cryptos will have a future.

NXT guy, there is no really whitepaper of nxt at this moment after nxt released more half years. And there is no document to explain the TF in details. Qora is just releaseed no more than half a month. It's much better than nxt in early phase.