Re: [ANN] ORA::100% POS|Qora Clone|Free & Fair distribution|issued NXT AE ASAP
Here is my Grand plan how to make ORA the best coin out there.
And do that fast, cheap and with all the promised features. Add to that the fairest distribution we already have and you have a true winner.
As a byproduct this also solves the question What to do with the remaining free stakes
Use the code of Bitshares. Why?
a. Technically it has extremely fast block times -10-15 seconds. It has implemented security features (TITAN) in it already. In a month or so it will have exchange build on it. INHO it is the state of the art at this moment. So why not use the best available?
b. It is free and available saves both time and money in Ora development.
c. There is certain negative PR in being a clone of somebody. BUT their (Bitshares) condition to not be a clone but kind of part of them is The coin to distribute at least 10% to 2 categories they have determined as their core supporters. That is 20% total
Ora has about 35.2% of free stakes available for distribution. So 20% can be used for that and there will still be about 15% left!
IMHO it will be a great decision for Ora. And with its fair distribution model the sky is the limit.
This is an interesting idea. Would love to hear more opinions on it.
I would welcome discussion on our forums: bitsharestalk.org Having only spent a couple minutes reading the OP it seems like there is more discussion on distribution than on what value the system will provide:
1) What new POS algorithm?
2) Why not DPOS?
3) What language?
Based upon our experience you can expect at least 6 months to develop a basic system with a large team and funding. I would not recommend someone attempt that without really solid reasons.
What goal are you trying to achieve that BitShares does not?
Thanks for the suggestion jshow5555, & thanks to bytemaster for sharing your experience with us
I'm sure our lead developer, nioccoin, will happily take on board this suggestion for further consideration. I'm not a developer myself, but I think I understand the big picture elements of bitshares, and I like the direction a lot.
As for MY goal with ORA, I'm trying to start a community based around a few key ideas, and then see if that community can start working together to create something we all value. As a non-dev, I think I have a good grasp of the basics, but I'll leave the tech decisions up to the more expert members of our community. I do favour PoS over PoW, and I'm far more interested in helping to create a P2P platform that people can build applications on, rather than just another crypto currency token, but I know I wont have a huge voice in helping to make those decisions.
What I do hope to have an influence on is the ORA 'vibe', or how we do things, and how we treat each other. What our collective values might be as we grow and get bigger. I think those aspects are very important in determining how successful an organisation ends up being, especially when it comes to attracting & keeping good people. I know in my own circumstances I will often accept a lower salary to work for an employer who provides a more enjoyable work environment where the people are supportive & I'm given more autonomy over my work schedule.
I don't know how things are run in the Bitshares community in any detail, but I think you guys are probably trying to create a supportive welcoming atmosphere for new comers too.
To get a little more specific, I want to encourage stakeholders to use the ORA tokens we distribute in a few days to 'tip' people who do things that they like. If we all put our NXT addresses in our signatures, then we can send a few ORA and let people know we appreciated someone else's contribution. It could be a good idea in a post, or setting up a website, or writing a newbie guide, or eventually some great development work. Whatever it is, if someone does something you like, let them know, and send some ORA 'love' their way.
The other goal I have for ORA is the organisational structure. Decentralised, leaderless, and hopefully able to function using 'starfish' organising principles, with some 'direct democracy' thrown in via the NXT voting system.
If ORA ends up being a vibrant welcoming community that values people, and collectively we support & promote an effective decentralised crypto platform, then I'll be very content, and if that platform ended up being based on Bitshares that would be fine with me, assuming our tech people decided that was the best course of action.
On the tech side I'm very open minded, and I'll follow the best advice of the tech guys who join us!