[ANN] ORA :: NXT 'monetary system' currency

[sylwt]

OK.count me in

[Kora]

So is it cool if I register using my NXT address from my online wallet at myNXT.info?

Can someone answer this question please. 

I think mynxt.info doesn't have asset exchange integrated yet so you won't be able to geht your tokens.

I think this answer is correct. I have a mynxt.info wallet & I can receive assets to that wallet, but I can't access them using mynxt.info, so I can't sell or transfer them. If you want to trade your Kora tokens it is better to create a new account using the official NXT client IMO. I'm confident mynxt.info will add NXT AE capabilities soon, but we can't guarantee that.

[chshabbir]

this coin is cool, good sounds!

[griffinriz]

3000 Stake Holders? it wont be easy to achieve that target.

[Kora]

The rules are simple:
4. If your account is older than 3 months - 20 posts minimum
5. If your account is younger than 1 month - 40 posts minimum

These two rules are simply stupid.

Why so? Can you explain your criticism? As anti sockpuppet measures these type of rules seem necessary, but maybe you have a good suggestion. Without full identity document collection & KYC the best approach IMO is to use a number of anti-sock measures together, and the post count rules serve a purpose.

As always, suggestions are most welcome!!

The rules are in the right direction, but what do you require from account of 2 months of age?  

The account age & post count rules are cut-off marks. If your account is 2 months old you need more than 20 posts. Sorry, I can see there was room for confusion there! There are two variables - account age & post count - both can be used to estimate the likelihood that an account is a sockpuppet

I admit the account activity & age based rules could be set to different levels depending on what your priorities are.

We're trying to get a balance between making it difficult for sockpuppets on the one hand, but not making it too hard for genuine 'new users' to register on the other. No system of this nature could be perfect, unless we require full KYC, which we're not.

I'm glad Kora is free! If we get things wrong there wont be any need for refunds

To avoid confusion we have changed the account activity rules slightly.

The new rules are as follows.
a) Your BTT account is older than 3 months and has less than 20 quality posts
b) Your BTT account is younger than 3 month and has less than 40 quality posts


Remember, you can still apply if your BTT account activity puts you into a) or b) above, you'll just have an extra hurdle to jump over to register for Kora. We're trying to strike a balance - stop multiple account abuse from sockpuppets but not disadvantage new users of this forum.

[a447513372]

nxt explore was down . still in block 168890  for a long time

[raveldoni]

3000 Stake Holders? it wont be easy to achieve that target.

I doubt that.

[Kora]

3000 Stake Holders? it wont be easy to achieve that target.

I doubt that.

It will be interesting to see what happens. I think we can reach 3000 users, but it might take a while, and we might need to promote Kora on other crypto forums. Our approach will be to use common sense, and if numbers are low we will make adjustments and keep trying - 3K is the goal.

Maybe we will have 3K users within a few hours. I think the ideals of Kora appeal to a wider cross section of people than many other coins, and I suspect the Chinese crypto community will embrace Kora with open arms (I sure hope so anyway!!)

Kora is an experiment, and it will be fascinating no matter what happens

[Tompa]

3000 Stake Holders? it wont be easy to achieve that target.

I doubt that.

It will be interesting to see what happens. I think we can reach 3000 users, but it might take a while, and we might need to promote Kora on other crypto forums. Our approach will be to use common sense, and if numbers are low we will make adjustments and keep trying - 3K is the goal.

Maybe we will have 3K users within a few hours. I think the ideals of Kora appeal to a wider cross section of people than many other coins, and I suspect the Chinese crypto community will embrace Kora with open arms (I sure hope so anyway!!)

Kora is an experiment, and it will be fascinating no matter what happens

You never know how many lurkers are out there! 

[FuckJapan]

good.waiting for the coin.let us see it

Registration for Kora - launch time countdown!

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REGISTRATION OPENING COUNTDOWN

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Kora :: Sibling of Qora :: Free & Fair distribution :: Stakes issued on NXT AE :: Launched after Qora source code released

Mission statement: Bootstrap Kora, a clone of Qora with a free & fair equal distribution on a mass scale to over 3,000 stakeholders.

Update 1:
We have a dev working on the registration system!! Estimated time to registrations opening ~4-5 weeks (late June)

Update 2
I'm proposing the following distribution schedule for maximum effectiveness:
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
25% - POWER BOUNTIES - more details- https://bitcointalk.org/index.php?topic=620518.msg7013753#msg7013753
As always, this is the brainstorming thread, so have your say NOW!


Update 3:
Registration Launch time set (see above)


Update 4:
Kora registration procedures:
The rules are simple:
1. You must only register once per household (multiple IPs not allowed).
2. You must fill out all fields of the form properly and follow the instructions.
3. Your BTT account must have a reg date BEFORE today, 06/23.
4. If your account is older than 3 months - 20 posts minimum
5. If your account is younger than 1 month - 40 posts minimum
6. There will be 'extra' requirements for users who do not meet requirements in 4. and 5. above. More details to come
7. You must be one of the first 3000* to register in order to qualify for a stake.

We'll need to collect:
1. Your NXT numeric ID.
2. Your BTT account ID*.
3. Your email address.
4. Some other information, you'll see what it is when applying.

Here's what will happen IN ORDER:
1. Registrations will automatically close after 3000* entries have been submitted.
2. Afterward, automatic checks will be made to verify NXT numeric IDs and BTT account IDs* of all 3000 entries. Please make sure your NXT ID appears in the blockchain explorer (http://87.230.14.1/nxt/nxt.cgi). Those not found to be valid will be manually contacted over email or PM and asked to send back a valid information. There will be some kind of deadline for this.
3. Any entry with suspicious information (for example close to identical data to another entry) will be manually flagged as invalid. If this happens, a new registration will open since we haven't got 3000 valid entries.
4. Anyone who has applied without having confirmed their email address will have a limited time to do so before their submission becomes invalid (not before 48 hours). Please don't worry if it takes a while for your mail to arrive. No one can steal your place while you wait for it. If you're worried about your confirmation mail, PM Mac Red for help. We can always send you another one to the same address.
5. If we don't fill up all spaces after these steps, a new registration will open. This will be announced at least 24 hours beforehand.

* 3000 entries does not count those automatically flagged as sockpuppets. Register once per household and you have nothing to worry about. You will know after registration has closed if your entry is really valid. Until then, just register and be patient.

* Don't know what your BTT account ID is?
"Go to the taskbar at the top of the page under "News: Bitcoin 0.8.6 is now available.", and click profile. Then, under "profile info", click summary. If you look at the URL it will have something like: https://bitcointalk.org/index.php?action=profile;u=[account id];sa=summary , so whatever u equals is your account id."



Update 5:
To avoid confusion we have changed the account activity rules slightly to avoid any confusion.

The new rules are as follows.
a) Your BTT account is older than 3 months and has less than 20 quality posts
b) Your BTT account is younger than 3 month and has less than 40 quality posts


Remember, you can still apply if your BTT account activity puts you into a) or b) above, you'll just have an extra hurdle to jump over to register for Kora. We're trying to strike a balance - stop multiple account abuse from sockpuppets but not disadvantage new users of this forum.


Kora will have 10,000,000,000 coins, equally shared to all stakeholders.
I'm taking advice on the best coin supply total, so let me know your opinions. I've allowed myself to be convinced by some well thought out reasoning that 50 Million Kora is *probably* better than 10 billion.

You can help!
Developer team, stakeholder registration team, web & network infrastructure team, marketing team - everything is open - we are bootstrapping a community from the ground up. Here is your chance - what would the 'ultimate' crypto community look & feel like? Let us know! Got an idea? Join Kora and make it happen.

Kora: the plan so far!

• Free distribution - 1 stake for 1 human
• Fair distribution - sockpuppet countermeasures will be used to prevent multiple accounts
• Stakes will be issued on the NXT asset exchange after stakeholder registration is completed
• Development, marketing, community & network infrastructure will be funded using development stakes
• Kora will be launched AFTER Qora source is released
• You will be able to trade your Kora stake on the NXT AE regardless of when the Qora source is released

Note: This is not the registration thread for Kora. This is a call to action! We need your ideas & your help & your committment! Post ideas & support, BUT understand that the official stakeholder registration will be later. Posting in this thread does NOT mean you have registered for a stake in Kora. YOU CAN HELP! How should we organise the Kora stakeholder registration? Let us Know!!

Kora will be a new crypto-currency designed from the ground up to solve Bitcoin’s biggest problems while also adding new promising features. Kora is based on Qora, which has been built from scratch and will not rely on any other crypto-currency. Kora uses a new proof-of-stake algorithm making it future-proof.

Kora is a clone of Qora which has been developed in Java and relies on native C libraries to perform the most CPU intensive tasks.

Guaranteed Features
1)   Ed25519 DSA to verify and sign messages.
2)   1-5 minute block time depending on the network activity.
3)   Retargeting every 10 blocks.
4)   Password protected wallets that can be recovered/generated from seeds.
5)   New Proof-of-Stake algorithm.
6)   A JSON RPC API to directly communicate with the client.
7)   Naming Service: Allows the user to register a key-value pair which can be used for various purposes (URLS, addresses, …)
This Naming Service will also include an exchange where users can buy and sell keys.
8 )   Colored Coins/Assets.
9)   Arbitrary Transactions: A simple feature which allows users to send any payload they want over the network. This can be used by third-parties to build additional features on top of Kora (data storage, chat).
10)   Transaction Boosting: Higher transaction processing speed by not having to broadcast the transactions to the whole network.

Possible Features
1)   Anonymous transactions/Zerocoin: One of the biggest problems of Bitcoin is of course that every transaction is traceable. Currently Zerocoin is the most promising project which is trying to solve that problem in a decentralized way.
2)   Cross Blockchain trading.
3)   Finite Blockchain/Blockchain shrinking.
Kora will be the first second generation 'super coin'. We know how to assemble the elements for the 'ultimate' crypto currency, and Kora will learn from the successes & failures of all previous coins.

The sad truth is NXT and Qora are both very promising crypto currencies, but both have suffered from small exclusive distributions. The IPOs were both open and public, but neither achieved widespread adoption, and both suffer from too many large whales, and perceptions that both coins are 'unfair'.

- Our goal is for Kora to have at least 3,000 stakeholders at launch.
- Stakes will be distributed as tokens on the NXT AE as soon as the registration process is over, and the final stakeholder list is completed.

We will learn from NEM (community building)
We will learn from NHZ (node payment bot)
We will learn from ShareCoin (sockpuppet countermeasures)
We will learn from EVERY coin that has gone before

"The foundation of any global crypto currency will be a large, engaged, and active community using and promoting a cutting edge POS coin."

1 -100% POS coins are superior to POW coins
2- A free, fair & WIDE distribution is better than a paid IPO that results in a very small initial distribution
3- Learn from the collective experience of every coin that has gone before!

NXT - great coin, bad distribution - 73 stakeholders - Grade 'C'
Qora - great coin, bad distribution - 137 stakeholders - Grade 'C'
NEM - great coin (we hope!) - great distribution - BUT controversial (sockpuppets, paid IPO) - Grade 'B'
Kora - great coin - great distribution - no controversy - great community - Grade 'A'

Kora - great coin - great distribution - sockpuppet countermeasures - Free - development will be funded using developer stakes

- 100 Proof-of-stake [POS]
- Free shares
- NO IPO - development will be paid for using development stakes
- Community building - our aim is to launch with at least 3,000 stakeholders using the principal "one stake for each unique human"

Join Kora and make a difference!

[wozuikl]

I often confuse Kora and Kore.
The names are very similar!
 

[barkermn01]

good job.

[aqlzf123]

Yes, it's very like it.

[Coinr88]

Sounds like a good distribution model. Is it just a 1:1 clone of qora or are there any unique features / development planned ? Maybe in the future ?

I really hope we can attract a dev who will 'extend' Qora, but I'm not a dev myself, and so whether Kora becomes a 1:1 clone of Qora or not is yet to be decided. It wont be up to me, but I'll try as hard as I can to establish a good community around Kora, and if we succeed at that then you never know ... great active community will attract a better grade of dev, that's obvious. NEM experience gives me confidence!

I think 5% for webapp dev and clone creator each is too much. Why don't they just get a stake like everyone else and reserve some % for future development instead?

I respect your opinion! From my point of view the clone dev is THE critical dev for Kora, and remember, he/she will probably be the first to clone Qora, so I'd expect they will earn their 5%.

As for the webapp dev, his job is also critical, and Mac Red has provided a lot more input to Kora than just coding the registration webapp, so IMO he fully deserves his stake too. Given that I'm not a dev, and I'm a 'coinname= accountname' sockpuppet myself, Mac Red took a big risk with his time & effort in committing to join Kora, and in order to get a 'quality' applicant I needed to offer a more generous stake. I hope Mac Red sticks around (but he isn't obliged to), and his input has been critical in getting Kora on the launchpad & looking credible.

The first people to join something 'new' and untested have taken the biggest risk, and its fair they should get a higher reward.

I'm probably going to take 2% for myself, and I'll accept donations too. To date I've had expenses of 2 bitcoins (half still to pay), plus 1000 NXT asset listing fee, plus at least 3000 NXT in transaction fees to send out all the Kora stakes. I'll also offer a bounty to help code an automation script to send out the Kora stakes. As I'm just the Kora ring master, I think 2% to cover my expenses is fair.

I fully agree that these jobs are very important and that you guys should be paid for your work and to cover the expenses, but 12% of the whole currency suplply is way too much

[tencentcoin]

this coin is very fair to everyone i think

[limingz]

HOW TO TAKE PART IN,NO URL?

[LuckyBtc]

HOW TO TAKE PART IN,NO URL?

I think URL will posted in 3:25 hours. 

[Sinohe88]

HOW TO TAKE PART IN,NO URL?

wow, you really dont care to read the OP, do you?

[PL_CoinTrader]

Seems quite interesting. I'm excited whether it will work out.

[Kora]

Sounds like a good distribution model. Is it just a 1:1 clone of qora or are there any unique features / development planned ? Maybe in the future ?

I really hope we can attract a dev who will 'extend' Qora, but I'm not a dev myself, and so whether Kora becomes a 1:1 clone of Qora or not is yet to be decided. It wont be up to me, but I'll try as hard as I can to establish a good community around Kora, and if we succeed at that then you never know ... great active community will attract a better grade of dev, that's obvious. NEM experience gives me confidence!

I think 5% for webapp dev and clone creator each is too much. Why don't they just get a stake like everyone else and reserve some % for future development instead?

I respect your opinion! From my point of view the clone dev is THE critical dev for Kora, and remember, he/she will probably be the first to clone Qora, so I'd expect they will earn their 5%.

As for the webapp dev, his job is also critical, and Mac Red has provided a lot more input to Kora than just coding the registration webapp, so IMO he fully deserves his stake too. Given that I'm not a dev, and I'm a 'coinname= accountname' sockpuppet myself, Mac Red took a big risk with his time & effort in committing to join Kora, and in order to get a 'quality' applicant I needed to offer a more generous stake. I hope Mac Red sticks around (but he isn't obliged to), and his input has been critical in getting Kora on the launchpad & looking credible.

The first people to join something 'new' and untested have taken the biggest risk, and its fair they should get a higher reward.

I'm probably going to take 2% for myself, and I'll accept donations too. To date I've had expenses of 2 bitcoins (half still to pay), plus 1000 NXT asset listing fee, plus at least 3000 NXT in transaction fees to send out all the Kora stakes. I'll also offer a bounty to help code an automation script to send out the Kora stakes. As I'm just the Kora ring master, I think 2% to cover my expenses is fair.

I fully agree that these jobs are very important and that you guys should be paid for your work and to cover the expenses, but 12% of the whole currency suplply is way too much

Your point is valid. I do think that having a few large Kora holders on the dev team isn't a bad thing. Consider NXT. What would have happened after BCNext left NXT if Jean-Luc didn't have a ~5% stake in NXT? Nobody has to fund a bounty for the NXT core dev. He is fully funded from his 5% stake, and obviously motivated enough to contribute excellent work for all the stakeholders without needing to put out a 'begging bowl' for bounties. The fact that J-L Picard is self funded, and NXT has a core group of large stakeholders is a key factor in its success.

One criticism of NXT would be that some of the core dev team DO NOT have large stakes, and some key community members aren't large stakeholders either.

You make a valid point, but I think on balance it is justifiable to have some core people motivated with big stakes, and importantly, independent of the need to be funded out of personal bounties. The logic behind the 25% 'power bounties' is really to create merit based mini-whales.

A coin will die without motivated & compensated key people, especially POS coins.

Kora is an experiment, and part of the experiment is seeing what happens with this distribution.

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
2% - Kora founder
8% - goes to node bot bounties
4% - website & marketing
1% - Qora dev
25% - POWER BOUNTIES

IMO if the webapp dev stake was too small I may never have attracted anyone, and if the clone dev stake is too small we might not attract a good candidate. My 2% is covering costs (and hopefully making a profit too), and the 1% to Qora dev is a thank you.

I do not under estimate the 'whale' factor with NXT. They get things done behind the scenes, and they have funds to donate for important work. 3000 equal stakeholders sounds nice, but IMO you need a few whales with commitment to make things happen.