Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ORA::100% POS|Qora Clone|Free & Fair distribution|issued NXT AE ASAP
by
poornamelessme
on 31/07/2014, 04:35:15 UTC

My opinion is if somebody dumps early then they will probably weaken their chance of getting a top up, and if somebody buys ORA with 'valuable' NXT, then the ORA collective is swapping a less committed person, for a potentially more committed one, and I want to encourage committed people to join ORA and contribute wherever I can.

It would be nice to be able to vote asap, but we don't have any control over when the NXT voting system goes live.



Thanks for the reply. And yep, if coin holders are the ones voting, they will all vote for people holding the coin to receive more stakes, not the original stakeholders. Basically expect whomever votes, to vote themselves more coins... just human nature. I'd just go with giving out extra stakes to original stakeholders right now... but of course I'm an original stakeholder, so obviously I would say that.

I don't have plans to sell cheap, but if in the following weeks if I happen to check the exchange and for some reason the price is insane, I'd certainly be tempted to sell, like most people would be. It'll just be confusing if nobody knows how future stakes may or may not be given out, and to whom. Actually one way to keep the price stable and for people to dump less is to give out 2nd stakes based on how many coins people hold ... sort of like how comm did it. Although of course it did then dump after the 2nd round of stakes, but recovered decently. Then it just died of natural causes later on.