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

[dzarmush]

Still there's only one person ownes issuing account. It means all deposits goes through this person.

Yes, and I don't see any problem with that. Trusting one person is no harder than trusting a group of people (company, organization). In fact, I prefer to trust an individual. If there are a few competing individuals with their exchange buros, that's only good.

This person will have the best terms anyway coz he takes deposit/withdraw fee from everybody including buros. No matter how small are buros fees, it's still larger then the issuer fee. They might compite by offering some special service of course, like short deposit/withdraw time.

But I don't see why they can't start doing it after someone issued the asset. There's no need to gather lots of coins from lot of people right from the start.

[devphp]

Dzarmush,

put your qora wallet in the description, or at least on that referenced website, so people can look up the balance on the blockchain. And send withdrawals from that wallet, so they can see you actually possess keys to that wallet address. This will build most of the trust.

[Agestorzrxx]

- if you need an exchange to trade your Qora's, you can use distributed Asset Exchange.
Some trustworthy member can create a Qora gateway, like bitcoin veteran Noitev has made his BTC gateway.
All trades at Asset Exchange are automatic, and trustless.

If I understand correctly Nxt AE is very similar to the way the ripple network works.
The Asset Exchange is automatic but the Qora gateway issuer is the "point of weakness" because he has to be trusted.

Trust some you barely known is much worse than trust a famous exchange.
That's why using NXT AE is a bad idea.
The one who Provide the gateway may run away with your money.
No one is really can be trust only if we know him, I mean his name, phone, address. but not someone who keeps anonymous

[devphp]

This person will have the best terms anyway coz he takes deposit/withdraw fee from everybody including buros. No matter how small are buros fees, it's still larger then the issuer fee. They might compite by offering some special service of course, like short deposit/withdraw time.

But I don't see why they can't start doing it after someone issued the asset. There's no need to gather lots of coins from lot of people right from the start.

I think I don't get what you mean by that.

All you need is to make sure you have enough qoras to process all redemptions. And you do it regularly and within specified time frame and with the specified commission fees. The market will take care of the rest

[dzarmush]

Dzarmush,

put your qora wallet in the description, or at least on that referenced website, so people can look up the balance on the blockchain. And send withdrawals from that wallet, so they can see you actually possess keys to that wallet address. This will build most of the trust.

Qora address will be in deposits info on the website.

[devphp]

Trust some you barely known is much worse than trust a famous exchange.
That's why using NXT AE is a bad idea.
The one who Provide the gateway may run away with your money.

a) Nobody makes you use the NXT AE.
b) None of us have seen a famous exchange run away with the money, that just never happens  

[freigeist]

Still there's only one person ownes issuing account. It means all deposits goes through this person.

Yes, and I don't see any problem with that. Trusting one person is no harder than trusting a group of people (company, organization). In fact, I prefer to trust an individual. If there are a few competing individuals with their exchange buros, that's only good.

My advice would be that you issue more QORA assets as a trusted community group of persons
each having one qora asset.
Having one person handle the asset could be bigger risk.
This one person could get sick or injured or have some accident and then this
asset wont be redeemable any more.

SO if you make it like group
1 asset QORA(1) should be == to asset QORA(2)
and I think in case one person can't  handle this another could take over
and redeem the other asset.

[devphp]

Qora address will be in deposits info on the website.

Ah ok, so you actually want to exchange it two-way then? Not just the qoras you have right now?

[dzarmush]

Isn't it the same scheme I described? Except 2nd point. But since I own the amount of Qora I'm issuing the asset why woudn't I set selling orders.

abctc talks about two-way exchanges and charging a fee for it.

You can start with a one-way exchange for now by issuing tokens against your qoras and selling them. You can buy them too at the same exchange, nobody can stop you from that

I described two-way exchange. More of that I can set sell orders because I do own Qoras for every issued token instead of situation when I only offer a service.

[Agestorzrxx]

Only fool will buy qora from someone anonymous by NXT AE.

[dzarmush]

Only fool will buy qora from someone anonymous by NXT AE.

Don't be a fool then, do not buy a single coin from anonymous.

[devphp]

My advice would be that you issue more QORA assets as a trusted community group of persons
each having one qora asset.
Having one person handle the asset could be bigger risk.
This one person could get sick or injured or have some accident and then this
asset wont be redeemable any more.

SO if you make it like group
1 asset QORA(1) should be == to asset QORA(2)
and I think in case one person can't  handle this another could take over
and redeem the other asset.

That group would have to trust each other and that may create unnecessary complications - business partners do have quarrels from time to time, you know. Besides, like stated above, there can be different forms of exchange buros, both individuals and groups can establish their own. There are no limits to this. Let the free market choose who to trust. Just do it already! I want to buy Qoras for NXTs! Talking doesn't make the world go around

[Agestorzrxx]

Trust some you barely known is much worse than trust a famous exchange.
That's why using NXT AE is a bad idea.
The one who Provide the gateway may run away with your money.

a) Nobody makes you use the NXT AE.
b) None of us have seen a famous exchange run away with the money, that just never happens  

Yes,None have seen a famous exchange run away.
But the gateway provider of NXT AE may run away.

[TwinWinNerD]

Trust some you barely known is much worse than trust a famous exchange.
That's why using NXT AE is a bad idea.
The one who Provide the gateway may run away with your money.

a) Nobody makes you use the NXT AE.
b) None of us have seen a famous exchange run away with the money, that just never happens 

Yes,None have seen a famous exchange run away.
But the gateway provider of NXT AE may run away.

He was sarcastic, plenty famous exchanges ran away...

[Agestorzrxx]

Only fool will buy qora from someone anonymous by NXT AE.

Don't be a fool then, do not buy a single coin from anonymous.

Do you really think people can trust you?
We don't even know who are you.
If you are the qora asset issuer, you can sell all your qora asset and run away and don't send qora to the buyer.
No one can find you as sharexcoins owner.
Do you really think this is a good idea?

[Agestorzrxx]

Trust some you barely known is much worse than trust a famous exchange.
That's why using NXT AE is a bad idea.
The one who Provide the gateway may run away with your money.

a) Nobody makes you use the NXT AE.
b) None of us have seen a famous exchange run away with the money, that just never happens 

Yes,None have seen a famous exchange run away.
But the gateway provider of NXT AE may run away.

He was sarcastic, plenty famous exchanges ran away...

It's better than trust someone anonymous as sharexcoins owner.
Do not trust anyone who keeps anonymous!

[dzarmush]

Only fool will buy qora from someone anonymous by NXT AE.

Don't be a fool then, do not buy a single coin from anonymous.

Do you really think people can trust you?
We don't even know who are you.
If you are the qora asset issue, you can sell all your qora asset and run away and don't send qora to the buyer.
No one can find you as sharexcoins owner.
Do you really think this is a good idea?

I can proceed with that idea or I can stop at any moment. I wasn't a big fan of it in the first place coz an asset issuer would have to deal with tons of fudsters, trolls and inadequates. It would be way easier for me to set a couple of million bounty for a person who agrees to do the job coz I think it's a necessary thing to do for Qora, Nxt and decentrilized future. But it doesn't seem anyone is eager to do it.

[Daedelus]

Only fool will buy qora from someone anonymous by NXT AE.

Don't be a fool then, do not buy a single coin from anonymous.

Do you really think people can trust you?
We don't even know who are you.
If you are the qora asset issue, you can sell all your qora asset and run away and don't send qora to the buyer.
No one can find you as sharexcoins owner.
Do you really think this is a good idea?

I can proceed with that idea or I can stop at any moment. I wasn't a big fan of it in the first place coz an asset issuer would have to deal with tons of fudsters, trolls and inadequates. It would be way easier for me to set a couple of million bounty for a person who agrees to do the job coz I think it's a necessary thing to do for Qora, Nxt and decentrilized future. But it doesn't seem anyone is eager to do it.

Send the Qora you issue to a trusted Escrow like Anon136. He has built a reputation and now a business in crypto so could be trusted.

There will be trustless ways of doing this in the the near future with Nxt (Multigateway to get Qora into the Nxt ecosystem+Automated Transactions) but it isn't here yet. Anon 136 is the next best thing 

[devphp]

I can proceed with that idea or I can stop at any moment. I wasn't a big fan of it in the first place coz an asset issuer would have to deal with tons of fudsters, trolls and inadequates. It would be way easier for me to set a couple of million bounty for a person who agrees to do the job coz I think it's a necessary thing to do for Qora, Nxt and decentrilized future. But it doesn't seem anyone is eager to do it.

Well, I would be eager to do it, except I don't have any qoras. And if I attempted this exchange buro, I'd have to make sure I have enough qoras to make it profitable thru large enough volume. Perhaps, if you could give me a really good deal to purchase qoras off the market from you, I mean a really good discount, to compensate for possible future loss of the exchange rate, I'd be willing to implement it myself.

[dzarmush]

Only fool will buy qora from someone anonymous by NXT AE.

Don't be a fool then, do not buy a single coin from anonymous.

Do you really think people can trust you?
We don't even know who are you.
If you are the qora asset issue, you can sell all your qora asset and run away and don't send qora to the buyer.
No one can find you as sharexcoins owner.
Do you really think this is a good idea?

I can proceed with that idea or I can stop at any moment. I wasn't a big fan of it in the first place coz an asset issuer would have to deal with tons of fudsters, trolls and inadequates. It would be way easier for me to set a couple of million bounty for a person who agrees to do the job coz I think it's a necessary thing to do for Qora, Nxt and decentrilized future. But it doesn't seem anyone is eager to do it.

Send the Qora you issue to a trusted Escrow like Anon136. He has built a reputation and now a business in crypto so could be trusted.

There will be trustless ways of doing this in the the near future with Nxt (Multigateway to get Qora into the Nxt ecosystem+Automated Transactions) but it isn't here yet. Anon 136 is the next best thing 

I thought bout it but in this case I'd need to ask him sending me coins for every withdrawal.