Nxt Monetary System launched: Now on Nxt Testnet!

[stenkross]

Interesting

[Damelon]

UPDATE

https://nxtforum.org/nrs-releases/nrs-v1-4-1e/

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Release 1.4.1e

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.4.1e.zip

sha256:

2777a11b701170d7decc01bb82a9049abc37bd293374f852d1810c8195d9842b  nxt-client-1.4.1e.zip


Change log:

This is a bugfix release following 1.4.0e.

Fixed Currency Exchange Booth not working. Fixed currency decimals issue.

Fixed minor bugs in MS transaction validation.

Show total alias count in aliases page. Alias deletion and dividend payment
UI fixes.


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[bitcoinpaul]

Interesting

Indeed.

[ChuckOne]

I would like to see people breaking the testnet!

[ChuckOne]

Why not just use NXT itself?  What utility will this feature provide?

Different properties than NXTs.
Different use-cases than NXTs.
Diversification.

Ah yes, and brings a bit of sidechain flair to Nxt.

[ChuckOne]

Use for loyalty points/tokens?
Less technical skills required than when you have to create/clone your own crypto.

Exactly. Have a read here: http://nxter.org/nxt-for-financial-experts-local-groups-and-cryptofans/

[frohlocke]

This should put NXT on everybodies radar!

[ChuckOne]

This should put NXT on everybodies radar!

Indeed. I would love to know what entrepreneurs will make out of it. They always come up with some crazy ideas no computer scientist and programmer could have come up with.

[Kora]

Exciting times!

ORA will be launching as an MS currency in the not too distant future!

For details, and to join in the discussion please follow the links in my signature!

All are welcome!!

[Patrik90]

This is incredible !! NXT is the most innovative coin ever

[ChuckOne]

ORA will be launching as an MS currency in the not too distant future!

Oh, I did not know that. How come?

What do you further plan on top of ORA? Will it have some special properties?

[PL_CoinTrader]

wow. this looks so promising. Amazing work guys!

[Kora]

Exciting times!

ORA will be launching as an MS currency in the not too distant future!

For details, and to join in the discussion please follow the links in my signature!

All are welcome!!

Oh, I did not know that. How come?

We decided that MS system has everything we needed, and no real disadvantages.

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

ORA has been trading on the NXT AE for some time now, but ORA stakes were initially distributed for FREE or in exchange for people contributing effort, and we want to continue with that 'vibe', and letting alt coin holders burn effectively worthless coins in exchange for ORA lets us increase our community size, and it doesn't require us taking money from people, but does offer a method that prevents abuse. It might also compensate some people in a small way for 2014 losses.

There's still a lot of details to work out, and we welcome opinions from ALL comers!

ORA community is very small, but still active

[Daedelus]

Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?

[abuelau]

This is very exciting! Even my grandmother can create a new and secure crypto currency now.

Excellent work!

[ChuckOne]

This is very exciting! Even my grandmother can create a new and secure crypto currency now.

Excellent work!

Haha, exactly. Let me know when she does.

[Kora]

ORA will be launching as an MS currency in the not too distant future!

What do you further plan on top of ORA? Will it have some special properties?

We're still working on that, and actively taking suggestions. The core ORA team have been brain storming for quite a while, and it's like our holy grail, "what will people use ORA for, what problems does it solve, how does it make people's lives better?".

We're working on the assumption that we don't necessarily have to have all the answers before we proceed, as long as it's really really obvious to everyone that we're NOT a scam or joke, and so investing time & effort into ORA isn't going to be a bad experience. I think after more than 6 months, with no IPO/ICO etc it should be obvious that we're serious about this project, and our invitation to everyone and anyone to join ORA is sincere.

We don't have ALL the answers (or even the majority of them) but we have built a decent community framework so far, and that gives me confidence that over time new people will join ORA, and some of those people WILL have great ideas!!

ORA is a starfish, no leader, just a trajectory

[riceberry]

very cool and exciting

[ChuckOne]

Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?

That is true. However as with every decentralized currency (which those Nxt Currencies will be), they start with a social contract. That is, people will only have faith in the newly created currency when they can trust the stability and adherence to the social contract of the currency.

Currencies of the MS are not supposed to change once they are created AND in production.

Only new currencies would enjoy new properties later introduce than those initial ones.


But yes, people are free to suggest and to shape the decentralized nature of the Nxt economy platform.

[ChuckOne]

Exciting times!

ORA will be launching as an MS currency in the not too distant future!

For details, and to join in the discussion please follow the links in my signature!

All are welcome!!

Oh, I did not know that. How come?

We decided that MS system has everything we needed, and no real disadvantages.

Nice. That would I call a satisfied customer!

Credits go to the devs.

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

ORA has been trading on the NXT AE for some time now, but ORA stakes were initially distributed for FREE or in exchange for people contributing effort, and we want to continue with that 'vibe', and letting alt coin holders burn effectively worthless coins in exchange for ORA lets us increase our community size, and it doesn't require us taking money from people, but does offer a method that prevents abuse. It might also compensate some people in a small way for 2014 losses.

There's still a lot of details to work out, and we welcome opinions from ALL comers!

ORA community is very small, but still active

Yes, the social contract of ORA will be very important for its future.