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Author Topic: [ANN] ORA :: NXT 'monetary system' currency  (Read 45019 times)

Kora

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Welcome to ORA!




ORA is a leaderless, decentralised 'starfish' community software development project announced on May 22, 2014. 889 people initially registered between June 24 - July 8, 2014 for a FREE stake of 166,666 assets each. The remaining ORA assets were held in trust for later distribution to community members & future developers. ORA asset tokens are issued as bearer assets. Whoever controls the private keys for an amount of ORA asset tokens will be eligible to redeem an equivalent amount of ORA 'coins' if/when the ORA software and P2P network is completed. The asset issuer is unable to guarantee either the completion of ORA software, or the exchange of ORA asset tokens into ORA coins. Please research the ORA project before purchasing ORA assets. The terms & conditions and date of the redemption will be finalised after community consultation.
Total assets: 1,000,000,000. For more details : http://ora.to. Issuing account : NXT-7FPB-3K2S-M9FL-ARP4G



Important Update - 25 November 2014!
Quote

Announcement
Friends and supporters of ORA, I am very pleased to announce that ORA will be a Monetary System (MS) currency running on top of the NXT platform. 

As you will no doubt be aware, the founding members of ORA have taken quite a while to survey and consider all the current  tech options  available to us, and in the end the choice was obvious to ALL of us, and the decision was unanimous!

When the ORA project was launched in May we made it clear that our first task was community building, and we would attempt at every stage to create a fully decentralized, robust, & leaderless organizational structure to best match the goals and ideals of the crypto currency pioneers like Satoshi Nakamoto and BCNext. 

ORA is a ‘Starfish’,  and over the last six months we have learnt a lot from NXT, which by any measure is THE most decentralized and robust of all current crypto currency communities to date. It seems fitting therefore, that ORA will become one of the first MS currencies using the NXT monetary system - the little ORA starfish riding on top of the bigger NXT starfish.

Organisational structure is critical to long-term success, and NXT is decentralised, leaderless and open to everyone and anyone, just as ORA is!

When CFB first suggested this option in June the only real reservation was that ORA would be dependent on the NXT platform for its very existence. Six months on, as NXT celebrates its first birthday we believe the connection with NXT is a major advantage for ORA. The NXT ecosystem is resilient, vibrant, and grows stronger every day, and the development output over the last 12 months has been truly staggering. NXT is obviously here to stay!
 
We believe the NXT platform offers ORA long term network stability, just as TCP/IP offers stability for higher order protocols like HTTP, FTP, SMTP, and this stability will allow us to focus our resources and attention on the more ‘retail’ level concerns, like user experience, leaving the ‘backstage’ grunt work of network security and stability for NXT.

With ORA as an MS currency we are confident that the NXT network is established and robust, and we can safely leave the tasks of network security to the NXT platform, and that lets ORA focus on ‘higher order’ tasks, like usability, marketing, real world uses, and community building.

The synergies possible with NXT made this an easy and obvious choice!

NXT really is like TCP/IP for crypto now, and the ORA mind-set has always been about finding success through working co-operatively with other projects, so re-inventing the network security 'wheel' ourselves seems like a waste of resources.

After observing NXT closely over the last 12 months we know its future is very bright, and this choice does in some way go towards fulfilling some of BCNext’s ultimate goals for NXT.

As always, we welcome any feedback our stakeholders might have, and we take this opportunity to invite all people to join us, particularly those with dev skills who are interested in developing the ORA applications that will run on NXT. Remember, ORA has considerable community funds, and after six months we have established ourselves as an honest and credible group of people interested in advancing the crypto currency movement. If you are looking for a crypto project to get involved with then please consider helping ORA!

https://bitcointalk.org/index.php?topic=620518.msg9655399#msg9655399



FAQ's

[/list]
« Last Edit: January 12, 2015, 08:25:45 am by Kora »
ORA threads: BTT threadCryptoFest

2Kool4Skewl

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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

devphp

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Another "NEM" in the making?

Fatih87SK

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Eadeqa

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Still not "fair" enough.

Yes, after this, next one one "Pora" will show up with "distribution" to 6000 people and on and on forever, everyone claiming  the goal is better "distribution" when the real goal is to make money for themselves.


NXT-GZYP-FMRT-FQ9K-3YQGS

bitcoinpaul

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People start to recognize the possibilities (of making quick bucks) with coin IPOs on the Nxt AE.
Like my Avatar? Reply now! NXT-M5JR-2L5Z-CFBP-8X7P3

chanc3r

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Still not "fair" enough.

Yes, after this, next one one "Pora" will show up with "distribution" to 6000 people and on and on forever, everyone claiming  the goal is better "distribution" when the real goal is to make money for themselves.

I think you mean 'Poorer' i.e. invest in this coin and that is what you will become...
NXT: 29996814460165 (NXT-JTA7-B2QR-8BFC-2V222)
@imrimr @NXTinspect

bitcoinpaul

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Classical get-poor-quick scheme.
Like my Avatar? Reply now! NXT-M5JR-2L5Z-CFBP-8X7P3

devphp

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Moderators might post a possible scam warning on this one.

2Kool4Skewl

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We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

Come-from-Beyond

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After failure of NEM I tend to support Kora.Explain how u r going to counteract sockpuppets plz.

CryptoScalper

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Nice to see you folks FINALLY legitimizing Qora!!!   :-*
"A world with the money can not be perfect." - BCNext

Come-from-Beyond

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Nice to see you folks FINALLY legitimizing Qora!!!   :-*

Kora, not Qora.

CryptoScalper

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"A world with the money can not be perfect." - BCNext

Kora

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People start to recognize the possibilities (of making quick bucks) with coin IPOs on the Nxt AE.

Please investigate Kora more! Kora stakes will be 100% free. I am paying the registration webapp dev out of my own pocket, and all other developers will be paid totally  with dev stakes.

~25% of Kora stakes will be held back for community voted  'power bounties' to reward the most active community members. The Kora equivalent of the unclaimed NXT & community fund.

Kora is NOT perfect, but it isn't a scam. Nobody spends any funds except me!

I am trying to find a trusted third party to issue the Kora assets on the NXT AE on our behalf to further prevent any perception of scam.

I can't guarantee Kora will succeed (maybe Qora dev will never release the source code), but if that is the case nobody will have lost any funds except me.

My longer term hope is for Kora to use Qora code as the starting point for something 'new'. I'm not a developer myself, but if Kora gets enough support, we *might* attract a quality dev with ideas to expand Kora beyond a simple clone of Qora. I hope that is possible, but this is an experiment, and unfortuanely I have little control over those things. I'm just the guy flicking the switch.

I'm proposing the following distribution schedule for maximum effectiveness:
50% - distributed equally to ~3000 webapp registration applicants
5% - goes to the registration webapp dev
5% -goes to the dev who clones Qora, and creates the Kora wallet applications
10% - goes to node bot bounties
5% - website & marketing
25% - community voted 'POWER BOUNTIES' - more details- https://bitcointalk.org/index.php?topic=620518.msg7013753#msg7013753

Anyone have any ideas or suggestions? I'm all ears!

I'll either take donations for my compensation or a small % to cover my costs.
« Last Edit: June 23, 2014, 10:50:33 am by Kora »
ORA threads: BTT threadCryptoFest

Kora

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After failure of NEM I tend to support Kora.Explain how u r going to counteract sockpuppets plz.
I greatly appreciate your tentative support Come-from-Beyond!! We aren't relying on one single sockpuppet countermeasure, rather, we will have a suite of measures in place to limit abuse, and we reserve the right to remove people from the stakeholder list should we discover evidence of sockpuppet abuse by other means after the registration period closes.

Without implementing full KYC requirements it is almost impossible to completely eliminate the risk of sockpuppets, but it wont stop us trying everything we can. All Kora stakeholders will need to supply a valid NXT address during registration, but as they wont need to pay any funds we can't use taint analysis.

Any ideas are always welcome.
ORA threads: BTT threadCryptoFest

Come-from-Beyond

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After failure of NEM I tend to support Kora.Explain how u r going to counteract sockpuppets plz.
I greatly appreciate your tentative support Come-from-Beyond!! We aren't relying on one single sockpuppet countermeasure, rather, we will have a suite of measures in place to limit abuse, and we reserve the right to remove people from the stakeholder list should we discover evidence of sockpuppet abuse by other means after the registration period closes.

Without implementing full KYC requirements it is almost impossible to completely eliminate the risk of sockpuppets, but it wont stop us trying everything we can. All Kora stakeholders will need to supply a valid NXT address during registration, but as they wont need to pay any funds we can't use taint analysis.

Any ideas are always welcome.

I'll pay 10'000 NXT to an address u provide to fund sockpuppet analysis. I will do it by the end of this month coz now I don't have access to my wallet.

Kora

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After failure of NEM I tend to support Kora.Explain how u r going to counteract sockpuppets plz.
I greatly appreciate your tentative support Come-from-Beyond!! We aren't relying on one single sockpuppet countermeasure, rather, we will have a suite of measures in place to limit abuse, and we reserve the right to remove people from the stakeholder list should we discover evidence of sockpuppet abuse by other means after the registration period closes.

Without implementing full KYC requirements it is almost impossible to completely eliminate the risk of sockpuppets, but it wont stop us trying everything we can. All Kora stakeholders will need to supply a valid NXT address during registration, but as they wont need to pay any funds we can't use taint analysis.

Any ideas are always welcome.

I'll pay 10'000 NXT to an address u provide to fund sockpuppet analysis. I will do it by the end of this month coz now I don't have access to my wallet.

Thank you so much for that kind offer CfB!! That is amazing :) And thank you for not dismissing Kora out of hand before considering the possibility that it might be a legitimate crypto currency experiment.

I'm not sure Kora will be successful, and maybe a coin that is given away freely will struggle to be valuable, but it's worth a try, and nobody will be out of pocket if it fails except me, and now you :)

The task ahead is to get a large stakeholder list that isn't tainted by sockpuppets, and then help to foster the creation of a core group of active community members who are compensated based on merit using the community voted 'power bounties' - "merit based mini-whales".

Those two elements (large number of stakeholders and peer voted bounties) combined with an inovative POS coin *could* make Kora successful.
ORA threads: BTT threadCryptoFest

Kora

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After failure of NEM I tend to support Kora.Explain how u r going to counteract sockpuppets plz.
I greatly appreciate your tentative support Come-from-Beyond!! We aren't relying on one single sockpuppet countermeasure, rather, we will have a suite of measures in place to limit abuse, and we reserve the right to remove people from the stakeholder list should we discover evidence of sockpuppet abuse by other means after the registration period closes.

Without implementing full KYC requirements it is almost impossible to completely eliminate the risk of sockpuppets, but it wont stop us trying everything we can. All Kora stakeholders will need to supply a valid NXT address during registration, but as they wont need to pay any funds we can't use taint analysis.

Any ideas are always welcome.

I'll pay 10'000 NXT to an address u provide to fund sockpuppet analysis. I will do it by the end of this month coz now I don't have access to my wallet.

I know that it is possible to generate something like a hash based on the hardware + software of a user, couldn't that be used to make it harder to create sockpuppets?

"interested"

Can you PM me any details you have?
ORA threads: BTT threadCryptoFest

Darkhorse

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This is indeed turning good. Not sure how this will turn out but i see no reason why nxt community cant help kora out to make it legitimate. Advice him what you guys feel that needs to be done and lets see if their team is up to it. I am sure nxt community can contribute the ideas.

And hey, why say no to free coins?  ;D
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