Quote from: testadimerlo on May 28, 2014, 09:18:54 AM

Quote from: Kora on May 28, 2014, 06:36:57 AM

Quote from: blackhatzw on May 28, 2014, 02:54:51 AM

when will this coin launch?

I'm confident people will be trading Kora tokens on the NXT AE within 6 weeks.

Between now and then there's a lot of things we can do. I've been thinking of other successful coin communities I am aware of, and I'm trying to distil what makes those coins & their communities successful.

What made Tenebrix & Fairbrix fail, and Litecoin succeed? Remember, Litecoin came AFTER Tenebrix & Fairbrix, so sometimes the first mover isn't the one to survive and thrive, and it's not just about the tech either (Litecoin & Tenebrix/Fairbrix were all scrypt based)!

What gave Litecoin the X-factor?

Obviously a major part of the answer comes from understanding the 'community' - the people involved with the coin - what they were doing, and how they were motivated. I want to learn the lessons from all previous coins so we can make Kora successful, like Litecoin.

Some argue that people will not value something that they receive for free, and that's why recent 100% POS coins that have been given away free (Coffeecoin, ShareCoin, EnergyCoin, CommunityCoin, InformationCoin etc etc) will all struggle to survive as the stakeholders (and the dev) don't care enough to do what is necessary to survive in a competitive market.

I want to explore these issues. Will a Qora stakeholder who paid for their stake be more active than a Kora stakeholder who got theirs free? Will Kora find 'leaders' to guide Kora in the future if everyone has an equal stake?

One idea I'm toying with is holding an amount of Kora in trust (maybe 25%) for bounty rewards that the community votes on periodically. I've observed a few communites, and I see that most of the time the majority of tasks are performed by a small number of people. If we have a bounty fund, the community could vote to reward these big contributors. It's just an idea!

Please feel free to make comments and suggestions, and help shape Kora

I wanna say my opinion about the distribution's issue that you are mentioning. Yeh, free distribution includes the risk that many people go to dump very quickly, but let's see also the rest.
Most cryptos are are linguistically doomed from the outset. They don't have a chance in hell of ever being anything other than a shit coin: smurfscoin, for example. What should you do with a coin with this name??? Do you wanna hold it?
Energy coin: ok, let's save energy but what does it mean? You give a name to the coin and after, what? Why this coin is so named? Most cryptos are doomed just because dev give name without reason. Is so difficult to understand that the name of the coin is his unique and important project? Name is the destiny but no one understand this simple concept
Coffee coin: good name, dev is still active and they are trying to make project. But imao you cannot go in the exchanges with an OP which language is half english, half chinese and half I don't know what. Because people don't believe in you and that's it.
Community coin: ah, when I think about that I m still sad. Good name but very confused distribution and, as before, also here no one project followed the name. Ok, this is the coin of the community... but what does it mean???
Information coin has been just a " revenge" of those that didn't get the community coin stake. Information coin: what does it mean? Again, people give name and don't want spend neither two minutes tninking in something useful. Just make quickly money - but they do? Bah
Sharecoin was surely the best. Fair distribution and the coin rised till 600 sat. Sharecoin didn't died for being free but only because the dev is interested only in the exchange Sharexcoin and not in the coin itself, that was just an instrument ( but he never asked to someone to invest, the coins were free and so I cannot say a bad word about them)
Now I will hold krypt coin. Till now dev has been fantastic, fair and did a hard job. The name of the coin seems to be related to the enkrypted message, so it seems that there is a project behind. We ll see. Surely a lot of people will dump, but if there is a project, in my view the coin can succeed also if there is a free distribution - look at next
So, don't make confusion between the free distribution and the total incompetence and no professional devs that are around here
My two pence

Thanks for your post

I agree the name of a coin is very important, and I definitely don't want Kora to end up being 'linguistically doomed" with a bad name

Kora is a 'working title' and if the community consensus found a better name I'm supportive of any change as long as it happens soon. I chose Kora for the obvious reason, but I also knew it has a very good 'meaning' too.

Quote

Kora (Tibetan: སྐོར་ར, THL: kor ra, Wylie: skor ra) is a transliteration of a Tibetan word that means "circumambulation" or "revolution". Kora is both a type of pilgrimage and a type of meditative practice in the Tibetan Buddhist or Bon (Tibetan: བོན, THL: Bön, Wylie: Bon) traditions. A Kora is performed by the practitioner making a circumambulation around a sacred site or object, typically as a constituent part of a pilgrimage, ceremony, celebration or ritual. However, in broader terms, it is a term that is often used to refer to the entire pilgrimage experience in the Tibetan Buddhist region.

So a 'Kora' is a meditative pilgrimage!