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

[xlcus]

Pretty sure I filled out the form a while back but I don't see myself on the stakeholders list

you have been treated as fake applicant, maybe.

Me too.

[Mac Red]

Pretty sure I filled out the form a while back but I don't see myself on the stakeholders list

Ya, just sent you a reply over PM.

As previously mentioned I'll send out a reminder via PM later today to everyone it concerns, to secure their NXT addresses (a total of 64 users).

[tomavbttt]

To start a new round of distribution again?

[Mac Red]

To start a new round of distribution again?

No, to give some users from the first (and only round so far) one last chance to get on the list and receive their stakes. They can do this by making sure their NXT addresses are secure. This only applies to 64 specific users who submitted and verified everything in time but didn't obtain a public key. These users were left out of the final list consisting of 889 valid entries. So far we got 825 secured addresses. 7 days from now (next Thursday), the last check and update will be made to the stakeholder list. Afterwards it's all set in stone; the list will never be updated again (though perhaps a new reg period will open in the future, with a whole new list).

[bob131313]

ORA market is too quiet of late. Shaking the tree. :-)~

[DarkhorseofNxt]

ORA market is too quiet of late. Shaking the tree. :-)~

It has surpassed 500 trades for now. Probably will make another wave when we hit the next distribution. We still need to work on the poll options. Getting prepared for the poll.

[wu21456]

ORA market is too quiet of late. Shaking the tree. :-)~

It has surpassed 500 trades for now. Probably will make another wave when we hit the next distribution. We still need to work on the poll options. Getting prepared for the poll.

waiting for the possible next wave.

[poornamelessme]

I haven't checked the numbers, but how many coins remain after the initial distribution?

And has it been decided what is to be done with them? A 2nd round of stakes could work, although doing another registration could be messy. Going the comm route could work, where initial stakeholders receive a 2nd round, but only if they held a majority of their initial coins. It gets around the issue of giving coins to those who just want to dump, as whomever still has their initial stakes obviously didn't plan to dump at cheap prices. 

[KickAzzDude]

Having some trouble with my master password on the mynxt.info site, I wrote it down and have been trying different combinations and it wont work. Is there a way to change it?

[Mac Red]

To start a new round of distribution again?

No, to give some users from the first (and only round so far) one last chance to get on the list and receive their stakes. They can do this by making sure their NXT addresses are secure. This only applies to 64 specific users who submitted and verified everything in time but didn't obtain a public key. These users were left out of the final list consisting of 889 valid entries. So far we got 825 secured addresses. 7 days from now (next Thursday), the last check and update will be made to the stakeholder list. Afterwards it's all set in stone; the list will never be updated again (though perhaps a new reg period will open in the future, with a whole new list).

PM reminder now sent to all 64 applicants.

[Mac Red]

Having some trouble with my master password on the mynxt.info site, I wrote it down and have been trying different combinations and it wont work. Is there a way to change it?

PM me a new NXT ID, preferably from a downloadable client.
www.nxt.org

[megashira1]

I haven't checked the numbers, but how many coins remain after the initial distribution?

And has it been decided what is to be done with them? A 2nd round of stakes could work, although doing another registration could be messy. Going the comm route could work, where initial stakeholders receive a 2nd round, but only if they held a majority of their initial coins. It gets around the issue of giving coins to those who just want to dump, as whomever still has their initial stakes obviously didn't plan to dump at cheap prices. 

Just increase current ORA holders stake by X% determined.

[Equate]

ORA market is too quiet of late. Shaking the tree. :-)~

It has surpassed 500 trades for now. Probably will make another wave when we hit the next distribution. We still need to work on the poll options. Getting prepared for the poll.

I  prefer slow  and gradual growth of the coin and more people might get interested after next round of distribution. Long road ahead of ORA...

[nioccoin]

All, don't forget we have a dev thread where we talk about what Ora is going to become.

Stop on by and give some ideas and feedback!!!

https://bitcointalk.org/index.php?topic=675484.120

kind regards,
nio

[nioccoin]

That part about pushing trading off exchanges is the critical part for Ora.  Why do we even need exchanges at all?  Let me get this straight:  We create decentralized currencies, and then centralize them in order to buy and sell?  Why not have a decentralized exchange for decentralized currency?  I seriously doubt that any government could successfully restrict p2p software that operates in a truly decentralized manner.  It's only when we cross centralized boundaries that we are subjected to proctology exams.  So perhaps we should never cross those boundaries, and build that into the product?

Am I the only one who thinks that exchanges will be regulated out of existence?

Very well said (the entire post). Yes the idea of centralized and inevitably controlled exchanges seems very counterproductive to me. I do think we'll move away from them more and more. In a dream scenario I personally would very much like to see a decentralized exhange for the ORA coins (not just the assets).

LOL.  I just thought of a use for an exchange. Go ahead.  Mock me.  

One exchange (Polo) has recently changed their procedures for accepting coins.  Thus, Ora's "premine" alone will probably disqualify it from trading there, in spite of the altruistic point of Ora's existence.

Lots of ppl like Polo's approach to this because it helps filter the crappy pump and dump coins.

My vote is we could use polo to oversee the second round of distributions from their "giveaways" page, thereby making Mac Red breathe a sigh of relief!

That may also get us in good graces with Polo, so that IF the time comes to apply to get on the Polo exchange we will have our foot in the door.  This may also give Ora some street cred with the exchange crowd.

The downsides are:
1.  It might be too costly to pay them to do this.
2.  that clientele might be more likely to turn around and dump Ora.
3.  They might not want to distribute a coin that exists only in NXT, where they don't control a wallet.
4.  It will bring out the fud'rs, ppl who are interested only in the word "free" and not the ecosystem of Ora.
5.  We probably would get mocked for using NXT to distribute what is essentially a competitor.


I don't think this is a brilliant idea.  Or even a good idea.  But it might solve problems of future distributions, and give Ora some publicity.  I'm just not sure if this is the type of publicity I want for Ora.

kind regards,
nio

[Kearney52]

i and waitting the second round reg 

and btw  you guys can not abandon your orginal supporter IMO

because dump or hold is their choose

[nioccoin]

I just want to make some comments on this piece of news:
http://www.coindesk.com/bitcoins-affected-new-yorks-bitlicense-may-trade-discount/
...snip...

kind regards,
nio

Something tells me something is in your mind. Let it out.

You should have seen what I really wanted to say!

[nioccoin]

That part about pushing trading off exchanges is the critical part for Ora.  Why do we even need exchanges at all?  Let me get this straight:  We create decentralized currencies, and then centralize them in order to buy and sell?  Why not have a decentralized exchange for decentralized currency?  I seriously doubt that any government could successfully restrict p2p software that operates in a truly decentralized manner.  It's only when we cross centralized boundaries that we are subjected to proctology exams.  So perhaps we should never cross those boundaries, and build that into the product?

Am I the only one who thinks that exchanges will be regulated out of existence?

Very well said (the entire post). Yes the idea of centralized and inevitably controlled exchanges seems very counterproductive to me. I do think we'll move away from them more and more. In a dream scenario I personally would very much like to see a decentralized exhange for the ORA coins (not just the assets).

 DAC exchange is the Olympic in the crypto world. but how to make it come true ? as i know, our coin must depend on other coin , and wait to clone it. in other worlds, we can develop ORA from scratch , like NXTL?

We could develop from scratch, but the concensus seems to be to put our efforts into new features, and clone the "basics" from another source.  At this point, I don't think we intend to wait on another coin.

If we do clone, it will be an existing coin that has solid code.  There was some recent discussion about using Bitshares, for instance.

kind regards,
nio

[DarkhorseofNxt]

I dont seem to see the bitshares supporters in the development thread. 

[nioccoin]

I dont seem to see the bitshares supporters in the development thread. 

I think the convo got started in this thread.

You might go back and look for them here.

I'm thinking maybe it was around the 70s page range, but not quite sure.

In any case, the idea was noted, and I've been looking into bitshares.

kind regards,
nio