Just curious. if we receive an offer to buy our stake early, are we allowed to sell it? Or are there rules about waiting until a certain point in time to be able to sell.
I'm not selling. But I heard something that made me curious and thus I'm asking.
Hello.
From the thread it results that the stakes will be released over the NXT AE (Asset Exchange)
before the Kora coin is even implemented and that means by logic that you are
allowed to trade your stakes for NXT on the Asset Exchange.
When the time to redeem the Kora coins comes the owner of the
Kora stakes (you or any body else that bought it) will send back
the stakes to the asset issuer "Kora" and get n Kora coins for n Kora stakes in return
in your Kora wallet.
I still think its not wise to immediately put the stakes on nxt ae without having any direction for the coin. This is definitely not a wise move. What would be the marketing point of view for trading in nxt ae, that you have 1000 sock puppet free account? I dont think so.
That's a valid point, and I've considered some alternatives, but IMO recent crypto past has taught people to expect the life cycle of an alt coin to be about 2-4 months before they're banished to obscurity. I want to challenge that idea. NEM & NXT are much better models for us. I don't want us to panic because a few days go by and nothing public happens.
Your point about marketing is true, but I'd say once we release the stakeholder list then we're in 'community building mode' for a while, and marketing is less important. The NXT AE will give us some community infrastructure, like voting system, and we can pay bounties to each other and get to know who is who, and who has what skills & resources (including time).
New people can buy a stake & join, and existing people will be free to sell and leave, but this is during the *development* period, so if we fly under the public crypto radar for a while I think that will be OK IMO. There are a lot of variable we don't control now (like if/when Qora source is released), but we can still add value.
The real value of a theatre company, for example, is not the building, or the scripts, or the props & orchestra instruments - it's the people & their 'community' that adds the value. What's harder to replace, the people & their connections, or the 'stuff'?
Once nioccoin has fleshed out his intended direction and we've got something to 'promote' I think marketing will be key, but right now I'm comfortable operating in stealth mode. If that's a mistake and we lose people we can always adjust. Now 'We' can focus on the community & our connections. A chat or IRC would be more important now than marketing IMO, so we can 'bond'
I do think most of the crypto scene is operating on a very quick cycle, but some of the really good projects aren't - eMunie, etherium, maidsafe etc - they're following a more traditional approach, and focusing on things like planning & quality, and we can do the same if we want.
For me (k)Ora is a longer term proposition, and we can be different to the norm.
