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

[berkelip]

Hi guys,
I'm ziplibrary, developer of ShareCoin and ShareXcoin
Looks like a nice project you guys have here. I can add Kora to ShareXcoin when it is launched.
I can also help you guys with the distribution. We are developing a distribution application, which makes people have to actually work to get their stakes, not just inserting some text in their signature. This will help wiping out the lazy ones who will just dump their coin as soon as they get it. This application is for ShareCoin's new project. But I may share it will you guys. Let me know if you need it.

we should work hard for getting coin
so we are not easy to let it go

[mladen00]

Hi dev,

good idea and interesting Free&Fair distribution

do you have some dates for Kora?

[Kora]

Great news!! Mac Red has accepted the bounty to develop the Kora registration system. We're going to take our time and get this right, but we're hoping to launch the registration in about 4-5 weeks. We've got plenty to work out to make this the best and fairest POS registration system in crypto history!

Lots to do, but it wont be long before Kora is traded on the NXT AE!

[megashira1]

i'm having deja vu

[mirador17]

Great news!! Mac Red has accepted the bounty to develop the Kora registration system. We're going to take our time and get this right, but we're hoping to launch the registration in about 4-5 weeks. We've got plenty to work out to make this the best and fairest POS registration system in crypto history!

Lots to do, but it wont be long before Kora is traded on the NXT AE!

good news, we will see 

[Havelivi]

interesting coin, keep eye on it for further update

[Kora]

Crypto triva
Here is the original announcement thread for Litecoin from October 2011 posted by Charles Lee.

https://bitcointalk.org/index.php?topic=47417.0

There's something amazing about the above post.

Can you see it? Many people new to crypto currencies may not know about this truly amazing fact about Litecoin.

The 'fact' about Litecoin I refer to should be clearly visible to most people in about 30 seconds, and it's one of the most interesting insights from recent crypto currency history, and I think many people don't know it. 

When you understand the implications of this amazing fact about Litecoin, you'll appreciate what I'm trying to do with Kora.

Can you see it?

[SyRenity]

Can you see it?

Fair, wide launch?

[Kora]

Can you see it?

Fairness?

Have a look at the description for Tenebrix & Fairbrix. What type of coin were they?

I think Fairbrix might still be alive in a very limited capacity in the crypto backwaters, but I'm pretty sure Tenebrix is effectively dead.

[SyRenity]

Have a look at the description for Tenebrix & Fairbrix. What type of coin were they?

I think Fairbrix might still be alive in a very limited capacity in the crypto backwaters, but I'm pretty sure Tenebrix is effectively dead.

You mean the difference between pre-mined (or IPO'ed...) launch and a wide-spread one (which I exactly meant above)?

[sameev29]

If you want to have 3000 loyal stake holders,than it's going to be tough.People now a days are just trying to make some quick money from free distributed coins.Only the earlier ones succeeded with this idea.You have to bring something unique like a new type of coding or technology implementation.As you may have see DRK value increased suddenly with their new anonymous transaction implementation.Brain storm first don't launch quickly and end up like others.

[lojsn]

no ,it still can not stop it , you can add a  rule that all investor should registered before two or three month ago.

[Kora]

Have a look at the description for Tenebrix & Fairbrix. What type of coin were they?

I think Fairbrix might still be alive in a very limited capacity in the crypto backwaters, but I'm pretty sure Tenebrix is effectively dead.

You mean the difference between pre-mined (or IPO'ed...) launch and a wide-spread one (which I exactly meant above)?

Those points are valid & relevant to Litecoin (fairness, wide distribution etc), but the most striking thing to me about the Litecoin announcement post when I first read it was litecoin wasn't the first scrypt based coin. Litecoin is the recognised 'silver' to bitcoin, and has a market cap over 300 million USD as of today (over x6 the cap of the third placed coin), BUT LITECOIN WASN'T THE FIRST SCRYPT COIN.

Litecoin achieved massive success based on execution, not based on being first. In the Litecoin announcement post Charlie Lee pays tribute to the developer of scrypt

We really liked Tenebrix's Scrypt proof of work.  Using Scrypt allows one to mine Litecoin while also mining Bitcoin.  We humbly offer a big thanks to ArtForz for the implementation.

So what you said is true - Litecoin didn't have a pre-mine, and the dev was concerned with issues like fairness, and other issues too, and all of those factors , (and some others that I'd like to discover & discuss in this thread) combined to give Litcoin the 'x-factor' that made it hugely successful, EVEN THOUGH IT WASN'T THE FIRST

Execution of the idea is so important.

Kora wont be the first coin based on the Qora dev's code, but if we establish a great community, and we 'execute' the necessary steps well, Kora can definitely be very successful, and even more successful that Qora.

I honesty hope Qora is successful too, and the presence of Kora will keep them on their toes. By all means if you can afford to buy a little Qora it is worth considering, but remember, just because Kora will follow Qora doesn't mean Qora will necessarily be the 'big boy'.

Kora will have a very fair & wide distribution, and if we create a great active community, and we 'execute' all the steps required to bootstrap a coin with excellence, then I'm very confident Kora can be very rewarding for all involved.

[Tasunko]

Really interrested in this

[Kora]

no ,it still can not stop it , you can add a  rule that all investor should registered before two or three month ago.

Thanks for that suggestion! We will definitely put together a set of registration rules that aims to prevent multiple account abuse, and registration date for bitcointalk users is an option. Ideally we will be doing some marketing further afield too, so some users will be coming from sites other than this one.

[blackhatzw]

when will this coin launch?

[Kora]

when will this coin launch?

I'm confident people will be trading Kora tokens on the NXT AE within 6 weeks.

Between now and then there's a lot of things we can do. I've been thinking of other successful coin communities I am aware of, and I'm trying to distil what makes those coins & their communities successful.

What made Tenebrix & Fairbrix fail, and Litecoin succeed?  Remember, Litecoin came AFTER Tenebrix & Fairbrix, so sometimes the first mover isn't the one to survive and thrive, and it's not just about the tech either (Litecoin & Tenebrix/Fairbrix were all scrypt based)!

What gave Litecoin the X-factor?

Obviously a major part of the answer comes from understanding the 'community' - the people involved with the coin - what they were doing, and how they were motivated. I want to learn the lessons from all previous coins so we can make Kora successful, like Litecoin.

Some argue that people will not value something that they receive for free, and that's why recent 100% POS coins that have been given away free (Coffeecoin, ShareCoin, EnergyCoin, CommunityCoin, InformationCoin etc etc) will all struggle to survive as the stakeholders (and the dev) don't care enough to do what is necessary to survive in a competitive market.

I want to explore these issues. Will a Qora stakeholder who paid for their stake be more active than a Kora stakeholder who got theirs free? Will Kora find 'leaders' to guide Kora in the future if everyone has an equal stake?

One idea I'm toying with is holding an amount of Kora in trust (maybe 25%) for bounty rewards that the community votes on periodically. I've observed a few communites, and I see that most of the time the majority of tasks are performed by a small number of people. If we have a bounty fund, the community could vote to reward these big contributors. It's just an idea!

Please feel free to make comments and suggestions, and help shape Kora

[253666174]

when will this coin launch?

I'm confident people will be trading Kora tokens on the NXT AE within 6 weeks.

Between now and then there's a lot of things we can do. I've been thinking of other successful coin communities I am aware of, and I'm trying to distil what makes those coins & their communities successful.

What made Tenebrix & Fairbrix fail, and Litecoin succeed?  Remember, Litecoin came AFTER Tenebrix & Fairbrix, so sometimes the first mover isn't the one to survive and thrive, and it's not just about the tech either (Litecoin & Tenebrix/Fairbrix were all scrypt based)!

What gave Litecoin the X-factor?

Obviously a major part of the answer comes from understanding the 'community' - the people involved with the coin - what they were doing, and how they were motivated. I want to learn the lessons from all previous coins so we can make Kora successful, like Litecoin.

Some argue that people will not value something that they receive for free, and that's why recent 100% POS coins that have been given away free (Coffeecoin, ShareCoin, EnergyCoin, CommunityCoin, InformationCoin etc etc) will all struggle to survive as the stakeholders (and the dev) don't care enough to do what is necessary to survive in a competitive market.

I want to explore these issues. Will a Qora stakeholder who paid for their stake be more active than a Kora stakeholder who got theirs free? Will Kora find 'leaders' to guide Kora in the future if everyone has an equal stake?

One idea I'm toying with is holding an amount of Kora in trust (maybe 25%) for bounty rewards that the community votes on periodically. I've observed a few communites, and I see that most of the time the majority of tasks are performed by a small number of people. If we have a bounty fund, the community could vote to reward these big contributors. It's just an idea!

Please feel free to make comments and suggestions, and help shape Kora

it will be a long time to wait

[testadimerlo]

when will this coin launch?

I'm confident people will be trading Kora tokens on the NXT AE within 6 weeks.

Between now and then there's a lot of things we can do. I've been thinking of other successful coin communities I am aware of, and I'm trying to distil what makes those coins & their communities successful.

What made Tenebrix & Fairbrix fail, and Litecoin succeed?  Remember, Litecoin came AFTER Tenebrix & Fairbrix, so sometimes the first mover isn't the one to survive and thrive, and it's not just about the tech either (Litecoin & Tenebrix/Fairbrix were all scrypt based)!

What gave Litecoin the X-factor?

Obviously a major part of the answer comes from understanding the 'community' - the people involved with the coin - what they were doing, and how they were motivated. I want to learn the lessons from all previous coins so we can make Kora successful, like Litecoin.

Some argue that people will not value something that they receive for free, and that's why recent 100% POS coins that have been given away free (Coffeecoin, ShareCoin, EnergyCoin, CommunityCoin, InformationCoin etc etc) will all struggle to survive as the stakeholders (and the dev) don't care enough to do what is necessary to survive in a competitive market.

I want to explore these issues. Will a Qora stakeholder who paid for their stake be more active than a Kora stakeholder who got theirs free? Will Kora find 'leaders' to guide Kora in the future if everyone has an equal stake?

One idea I'm toying with is holding an amount of Kora in trust (maybe 25%) for bounty rewards that the community votes on periodically. I've observed a few communites, and I see that most of the time the majority of tasks are performed by a small number of people. If we have a bounty fund, the community could vote to reward these big contributors. It's just an idea!

Please feel free to make comments and suggestions, and help shape Kora

I wanna say my opinion about the distribution's issue that you are mentioning. Yeh, free distribution includes the risk that many people go to dump very quickly, but let's see also the rest.
Most cryptos are are linguistically doomed from the outset. They don't have a chance in hell of ever being anything other than a shit coin: smurfscoin, for example. What should you do with a coin with this name??? Do you wanna hold it?
Energy coin: ok, let's save energy but what does it mean? You give a name to the coin and after, what? Why this coin is so named? Most cryptos are doomed just because dev give name without reason. Is so difficult to understand that the name of the coin is his unique and important project? Name is the destiny but no one understand this simple concept
Coffee coin: good name, dev is still active and they are trying to make project. But imao you cannot go in the exchanges with an OP which language is half english, half chinese and half I don't know what. Because people don't believe in you and that's it.
Community coin: ah, when I think about that I m still sad. Good name but very confused distribution and, as before, also here no one project followed the name. Ok, this is the coin of the community... but what does it mean???
Information coin has been just a " revenge" of those that didn't get the community coin stake. Information coin: what does it mean?  Again, people give name and don't want spend neither two minutes tninking in something useful. Just make quickly money - but they do? Bah
Sharecoin was surely the best. Fair distribution and the coin rised till 600 sat. Sharecoin didn't died for being free but only because the dev is interested only in the exchange Sharexcoin and not in the coin itself, that was just an instrument ( but he never asked to someone to invest, the coins were free and so I cannot say a bad word about them)
Now I will hold krypt coin. Till now dev has been fantastic, fair and did a hard job. The name of the coin seems to be related to the enkrypted message, so it seems that there is a project behind. We ll see. Surely a lot of people will dump, but if there is a project, in my view the coin can succeed also if there is a free distribution - look at next
So, don't make confusion between the free distribution and the total incompetence and no professional devs that are around here
My two pence

[xiaohailuo]

it is great！