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

[ordeath]

interested

[1714821354]

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[1714821354]

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[1714821354]

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[michael8888]

I am a chinese financial analyst.I have three degrees--Finance，Business，Economic。

I can make the chinese understand your intentions.

I am familiar with Chinese laws.

You need an experienced stakeholder.

[tiger5056]

I want to participate. looking good.

[Kora]

Do you have a schedule? The way for distributing is very important, just make sure there are regular rules.

Yes, the distribution is the most critical task for a POS coin, other than developing the code. With POW miners 'earn' their coins from wasteful, pointless calculations, but the incentive motivates miners to run nodes and secure the network none-the-less.

But for POS the distribution is vital! It's like you're distributing virtual mining equipment for securing your network, so you want to distribute to as many people as you possibly can.

137 people .... far too little, and by asking new comers to pay high prices for coins, your creating a massive hurdle that could be avoided.

I don't have a schedule, but I have ideas. As the distribution IS the fundamental task for Kora, I'm going to offer a bounty asap.

notes for 'registration' bounty hunters:
- registration has to be based on - 1 human, 1 stake
- most likely done on a separate external site to this forum
- need to check for multiple account abuse (check IP address, TOR use)
- ideas from other coins - twitter, facebook, reddit

I believe someone can design and implement a very solid registration setup - that person will get a big bounty. How much? I'd like to take suggestions, I think it's so critical it might be worth 5%. What do people think?

[wxh]

nteresting idea,
can you add the "fixed-term deposit rate" feature,
you can lock the coin to 6 months to gain more profit.

[wulagui]

Do you have a schedule? The way for distributing is very important, just make sure there are regular rules.

Yes, the distribution is the most critical task for a POS coin, other than developing the code. With POW miners 'earn' their coins from wasteful, pointless calculations, but the incentive motivates miners to run nodes and secure the network none-the-less.

But for POS the distribution is vital! It's like you're distributing virtual mining equipment for securing your network, so you want to distribute to as many people as you possibly can.

137 people .... far too little, and by asking new comers to pay high prices for coins, your creating a massive hurdle that could be avoided.

I don't have a schedule, but I have ideas. As the distribution IS the fundamental task for Kora, I'm going to offer a bounty asap.

notes for 'registration' bounty hunters:
- registration has to be based on - 1 human, 1 stake
- most likely done on a separate external site to this forum
- need to check for multiple account abuse (check IP address, TOR use)
- ideas from other coins - twitter, facebook, reddit

I believe someone can design and implement a very solid registration setup - that person will get a big bounty. How much? I'd like to take suggestions, I think it's so critical it might be worth 5%. What do people think?

It's very hard.

[Kora]

interesting

Do you have experience for dev. new coin?
Are you programer?

When is start date for this coin?

No, I'm not a dev, or a programmer, and I have no start date either. I do think this idea speaks for itself, and I'm confident/hopeful some talented people will step up and want to help (and they'll receive a Kora bounty for their efforts).

This is a pre-announcement -a call to action for people interested in helping!!

[Attack.of.the.Clones]

hey, great idea
Did you read my discussion thread? https://bitcointalk.org/index.php?topic=615344.0

Qora could have been a great coin but the original IPO investors all have 'NXT 73 fever', and so they think it's smart, and possible, to hold out for ridiculous prices like 100 satoshi!! It's madness! At those prices only desperate guys buy, smart players will wait for the first crash, and then buy, but I think people have learnt from NXT, and lightning wont strike twice. Qora MK 1 is doomed, but hey ... we've got Kora now [Qora MK 2]

I'll definitely help!

[pvkpgp]

Interested+

good luck

[Kooness]

I think 10,000,000,000 coins is tooooooooooooooo much!!!!
You konw by current prices 10 billion coins means the price also in the 1~10 Satoshi.
Price range is too small to be successful.

Just see DRK or BC or CINNI or CAI(x) or SYNC or VRC or XC and so on.
All the hot coins has same point : total coins number is not very large.

Yes, maybe you will say DOGE is very successful.
But I don't think we can copy a DOGE's success.
Just like there isn't another Bitcoin.

[msfs]

looking good. How free to participate in?

[wukelan]

interesting

Do you have experience for dev. new coin?
Are you programer?

When is start date for this coin?

No, I'm not a dev, or a programmer, and I have no start date either. I do think this idea speaks for itself, and I'm confident/hopeful some talented people will step up and want to help (and they'll receive a Kora bounty for their efforts).

This is a pre-announcement -a call to action for people interested in helping!!

interested.

But,how to  prevent DEV take away all coins?

[davidzhl]

Support, good luck

[Kora]

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'

Grade A? that means you will make a success and achieve over 77,000BTC in coinmarketcap.

you have a big ambitious, I hope you will success.

good luck.

Yes, I am ambitious for Kora!! Not so much for the marketcap though, I'm more focused in building the community. Any successful movement is ultimately powered by people - politics, Apple iPhone/iPad lovers, religion, sport - it's all about getting people to support your 'thing'.

Making Kora stakes 'free' and distributing them fairly and equally is obviously going to attract attention, but I want to take things further than that!

[Kora]

interesting

Do you have experience for dev. new coin?
Are you programer?

When is start date for this coin?

No, I'm not a dev, or a programmer, and I have no start date either. I do think this idea speaks for itself, and I'm confident/hopeful some talented people will step up and want to help (and they'll receive a Kora bounty for their efforts).

This is a pre-announcement -a call to action for people interested in helping!!

interested.

But,how to  prevent DEV take away all coins?

@Kooness, you might be right that 10 billion coins is too much! How many coins do you think then? I can see both sides, some people like to have a big number, some people like the idea that the coin supply is small and exclusive - it's psychological really (if you've got 8 decimal places the number of individual 'pieces' is huge), but psychology is really important (we're not robots after all, so getting the right 'emotion' is important)

@wukelan, all the coins would be represented on the NXT AE as 'kora assets', and I'd probably be the one who'll issue the Kora assets on the NXT AE, so I'd probably have the dev give me access to the genesis account to send out. I'm open to ideas, maybe we have a group of people do it. Give me your ideas people!

[wxh]

the idea is cool and awesome, and I hope the dev can achieve it..

[Kora]

nteresting idea,
can you add the "fixed-term deposit rate" feature,
you can lock the coin to 6 months to gain more profit.

If we find a dev who wants to do that, and the community of people around Kora like the idea ---- YES!!

[nextgencoin]

Qora had a working Beta during the IPO period. Anyone could ascertain for themselves that there was an actual product. NXT was vapourware. Qora had an escrowed IPO option even.

Qora's IPO was extended to allow for better distribution. NXT IPO was cut short unannounced.

Don't compare the two.

You can't just be too daft to miss an opportunity when there is one and yell "UNFAIR" afterwards.

Anyways, good luck with the venture
I'm a big supporter of the NEM style of distribution. But that doesn't mean that I consider IPO distribution to be de facto unfair.

NXT had a working beta too, so in that regard both were actually quite similar. I know many even think BCNext is the Qora dev, but I'm not sure about that, but they both do share one obvious similarity - they were both more concerned with the code than with building a community. Both IPO's were fair, and open and transparent - but the success of the IPO should be measured in terms of the number of individuals it attracted (and also the money raised, but i think that was secondary to both BCnext & Qora dev).

It's clear both NXT & Qora IPO's were dismal failures, and for a POS coin the initial distribution IS CRITICAL.

The fairness does not bother me - it's the effectiveness - 73 & 137 respectively are too low by a factor x20.

I like Qora a lot, but the distribution was a failure.

You missed the IPO it was open and free for all. Very few people wanted to take the risk, I assume you were dancing around another shitcoin clone IPO at the time. Now you want in without any of the risk investors took....go away...

[btctrade.com]

first qora clone is out

[tank]

Sounds good.
A wide and fair distribution is vital.
I'll be watching this thread.
Good luck!