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

[TaunSew]

How much attention does Ripple and Stellar actually get?  Stellar had to "throw money on the street" to get any attention and after they clawed back on the freebies people stopped caring.  Ripple is this obscure thing which is technically older than Bitcoin (Ripple originated in 2004 by Ryan Fugger) and it hasn't really gone anywhere big in its' lifetime.

I'll give credit when it is due - Ripple has made their owners millions and Stellar may make millions due to the 90%+ premines.  Not entirely sure how either is legal and why they have not be shut down by the US Government but eventually they'll get the Napster treatment if either becomes too big.

Cheers for taking a step backwards.  Crypto currencies should be moving in the decentralized direction, not centralized like Ripple / Stellar / Ethereum.

[Kora]

How much attention does Ripple and Stellar actually get?  Stellar had to "throw money on the street" to get any attention and after they clawed back on the freebies people stopped caring.  Ripple is this obscure thing which is technically older than Bitcoin (Ripple originated in 2004 by Ryan Fugger) and it hasn't really gone anywhere big in its' lifetime.

I'll give credit when it is due - Ripple has made their owners millions and Stellar may make millions due to the 90%+ premines.  Not entirely sure how either is legal and why they have not be shut down by the US Government but eventually they'll get the Napster treatment if either becomes too big.

Cheers for taking a step backwards.  Crypto currencies should be moving in the decentralized direction, not centralized like Ripple / Stellar / Ethereum.

I'm not a big fan of the corporate structure of Ripple, and their history is a bit dodgy too (I'm not sure what motivates Jed Mccaleb with Stellar too), but I think the basic tech idea is awesome, and it's open sourced. After having used Ripple since it first came out last April/May, I'm convinced it is a major break through for global payment systems.

Using Ripple, I could in theory earn baby sitting credits from my neighborhood baby-sitting club that ran a gateway, and I could use them to buy something anywhere in the world, and the seller could receive payment in anything they chose (USD, bitcoin, ORA, Yen, local currency from their town/city etc etc). This ability - I pay in what I want, and you receive in what you want - is amazing, and it's open source.

Don't worry about RippleLabs or Stellar, just get excited about the tech. Have you ever sent an international payment before ... complicated, slow, expensive. That's history, and the unbanked masses from Africa, Asia & South America will be the beneficiary of this tech too.

RippleLabs & Stellar both might fail, but the code behind them is real, and it's free & open, and anybody can use it TODAY!

[DarkhorseofNxt]

How much attention does Ripple and Stellar actually get?  Stellar had to "throw money on the street" to get any attention and after they clawed back on the freebies people stopped caring.  Ripple is this obscure thing which is technically older than Bitcoin (Ripple originated in 2004 by Ryan Fugger) and it hasn't really gone anywhere big in its' lifetime.

I'll give credit when it is due - Ripple has made their owners millions and Stellar may make millions due to the 90%+ premines.  Not entirely sure how either is legal and why they have not be shut down by the US Government but eventually they'll get the Napster treatment if either becomes too big.

Cheers for taking a step backwards.  Crypto currencies should be moving in the decentralized direction, not centralized like Ripple / Stellar / Ethereum.

Look at this way, Stellar has opened a big gate to larger community audience / acceptance. It doesn't matter if Stellar fails or wins in the end, but they have done their part in opening crypto to larger and larger community around the world. You will be surprised at how nations other than China and India has started looking at crypto currency, especially, Thailand, myanmar and vietnam. These are developing countries and booming. To me, it is a positive thing to look at.

[DarkhorseofNxt]

ORA LOGO VOTING - End 31st August 2014

Ora has some of the most coolest logo submission in the entire crypto-currency scene. Check them out now and Vote! & Show your support!

Logo Voting thread :

https://bitcointalk.org/index.php?topic=697958.280

These are my choices for now :-

Here is my final vote. Updated again.Sorry Pentamon

Vote No.1.


Vote No.2.



Vote No.3.

[ChenXue]

So many words in the thread,it took 1hour to read it.i think next time i will apply for a share.

[nioccoin]

Hi all, see here:  https://bitcointalk.org/index.php?topic=675484.msg8515196#msg8515196 for an announcement regarding using Qora as the source code base for Ora.

kind regards,
nio

[DarkhorseofNxt]

Thank you nio for clearing our grey areas and uncertainties in the coin's development. Ora gearing towards real business approach. 

@Kora, please remove the "clone of Qora" from the OP.

[Mac Red]

Thank you nio for clearing our grey areas and uncertainties in the coin's development. Ora gearing towards real business approach. 

@Kora, please remove the "clone of Qora" from the OP.

We should indeed remove that part now.

[DarkhorseofNxt]

Yeap. There is a lot to change in the OP now. It will be good to clear all the QORA speculations now.

6 More days for Logo Voting. So everyone please vote for 3 best logos in the logo submission thread.

[Kora]

Thank you nio for clearing our grey areas and uncertainties in the coin's development. Ora gearing towards real business approach.  

@Kora, please remove the "clone of Qora" from the OP.

We should indeed remove that part now.

Good suggestion guys! I've also added nio's statement to the OP.

The OP here on BTT definitely needs some work. I'm thinking maybe we should archive what's there now on a thread  over at oraforum.org, and then we give the OP here a full face-lift. If anyone has any ideas let me know!! (I think it's obvious formatting & design isn't my strong suit lol )

[DarkhorseofNxt]

Do what you feel is right but leave some space for our VERY COOL   logo on top. hehe.

And September is going to be a very busy month for ORA with our activities i think.

[Kora]

Do what you feel is right but leave some space for our VERY COOL   logo on top. hehe.

And September is going to be a very busy month for ORA with our activities i think.

YES!! Having a swish new Logo, and then starting 'phase 2' giveaways etc will really give ORA a boost!!

Exciting times

[mybabyin]

Just wait qora release their source then we will get high :DYou guys are cool!

[NoirSuccubus]

50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 coins.

[DarkhorseofNxt]

50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 499,998,000 coins.

The initial plan was to distribute 166,666 coins to 3000 webapp registration. However after much filtering for sock puppets thanks to Mac Red, the final 1st round stake holders list came to 839 holders only. Which we have distributed their stakes in Nxt Ae.

2nd round of distribution will be done with "proof of action" theme, where a user can submit a form of action done to receive his stake. These actions will be in the form of submitting a video about Ora, Logo Bomb etc which will be announced after our logo voting is completed. One can also submit in order to receive a new stake or adding his stake via these actions. This is one way of removing sock puppets. This is being done first due to the release of Nxt Voting will take some time. This way we are not wasting our time, or in another word, we are being productive.

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.

[Este Nuno]

Does Ora have an IRC channel going?

I checked #ora on freenode but that's obviously not it.

I like a lot of the ideas behind Ora and like to follow what's going on.

[lazer2014]

50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 499,998,000 coins.

The initial plan was to distribute 166,666 coins to 3000 webapp registration. However after much filtering for sock puppets thanks to Mac Red, the final 1st round stake holders list came to 839 holders only. Which we have distributed their stakes in Nxt Ae.

2nd round of distribution will be done with "proof of action" theme, where a user can submit a form of action done to receive his stake. These actions will be in the form of submitting a video about Ora, Logo Bomb etc which will be announced after our logo voting is completed. One can also submit in order to receive a new stake or adding his stake via these actions. This is one way of removing sock puppets. This is being done first due to the release of Nxt Voting will take some time. This way we are not wasting our time, or in another word, we are being productive.

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.

Hi @DEV, as i mentioned weeks before, i am one of the original shareholders , but my ORA asset  got stolen due to weak password.  

my question is, in the future round of distribution, will original share holders likely receive more coins?

I think due to upgrading of hash power, the NXT brain wallet key more easily get cracked.      If i am still eligible to  receive more ora, i would like update my wallet.

Thx

[PPan]

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.

Is there an estimation when voting will be available?

[DarkhorseofNxt]

50% - distributed equally to ~3000 webapp registration applicants
How does ora plan to distribute the rest of the coins in the 50% group? Right now initial stakeholders would have 148166074 499,998,000 coins.

The initial plan was to distribute 166,666 coins to 3000 webapp registration. However after much filtering for sock puppets thanks to Mac Red, the final 1st round stake holders list came to 839 holders only. Which we have distributed their stakes in Nxt Ae.

2nd round of distribution will be done with "proof of action" theme, where a user can submit a form of action done to receive his stake. These actions will be in the form of submitting a video about Ora, Logo Bomb etc which will be announced after our logo voting is completed. One can also submit in order to receive a new stake or adding his stake via these actions. This is one way of removing sock puppets. This is being done first due to the release of Nxt Voting will take some time. This way we are not wasting our time, or in another word, we are being productive.

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.

Hi @DEV, as i mentioned weeks before, i am one of the original shareholders , but my ORA asset  got stolen due to weak password.  

my question is, in the future round of distribution, will original share holders likely receive more coins?

I think due to upgrading of hash power, the NXT brain wallet key more easily get cracked.      If i am still eligible to  receive more ora, i would like update my wallet.

Thx

The balance of the stake will be distributed via decision made with a poll using Nxt Voting or take part in making a video which will be announced soon. stay tuned.

[DarkhorseofNxt]

The balance of the stake will be distributed via decision made with a poll using Nxt Voting.

Is there an estimation when voting will be available?

Ver 1.3, Not sure of the timeline as of now.