I want to discuss something that came to my mind yesterday night 
NXT will get a feature called Monetary System. How about issuing ORA as a coin inside the NXT ecosystem? ORA would be one of the first coins inside NXT (probably the first). We´re already living inside the NXT ecosystem as an asset, so why not issuing a coin there and swapping the Assets for it?
NXT will get a feature called Monetary System. How about issuing ORA as a coin inside the NXT ecosystem? ORA would be one of the first coins inside NXT (probably the first). We´re already living inside the NXT ecosystem as an asset, so why not issuing a coin there and swapping the Assets for it?
We have discussed this. This could be one of the option.
What's your cons on this?
I think it's a great opportunity. NXT has it's initial distribution problem, which someone always talks about. Besides this there is a great community and NXT contains many features. ORA has a good initial distribution (if not the best so far).
Together it could be awesome
In my opinion it could perform much better than a simple clone of another coin.I proposed this option two times earlier this year in this thread, but AFAIK Ora devs or Kora never came back to give their opinion on this matter.
Well dont get this wrong, but we still have not seen the ms system yet. The documentations are there, i am also actively stdying the MS but yeah we cant decide without seeing anything.
The pros - we can use all the Nxt features.
The cons - totally dependant on Nxt platform and Ora does not have its own platform or its own features.
Like i said earlier, we are considering Ora being A Currency exist in Nxt Monetary System. But we need to see what it is all about before deciding. Do you feel this approach is wrong?
it all right
Oh, sorry if you didn't see my opinion on MS earlier! I think I've mentioned the MS a few times earlier, but maybe not highlighted my opinion heavily.
CfB actually offered to help us launch (K)Ora as an MS currency back in June.
https://nxtforum.org/alternate-cryptocurrencies/korasibling-of-qorafree-fair-distributionregistration-countdown!!/msg52660/#msg52660
I think MS will be a revolutionary change for crypto movement, but as Darkhorse mentioned, we still need to learn more of the details before we can make an informed decision as to whether it's the best option for ORA.
The final decision will be made by nio, but my personal opinion in MS is a fantastic 'plan B'. By that I mean the tech side of its deployment isn't beyond the capabilities of guys like me that aren't developers, so MS deployment of ORA is like the escape pod attached to the mother ship. If for whatever reason it became obvious that we couldn't develop and launch our own software platform for ORA and/or the active community supporting ORA was critically low, then I feel confident that I could launch ORA as an MS currency on my own.
Let me stress that I'm still very confident team ORA will produce some innovative & unique coin software ourselves (just a lot slower than most of us are used to in this community), and we might choose to opt for the MS because we feel it is the best option. We've discussed this option quite a bit internally on our own forum oraforum.org. Anyone who is interested and has ideas can ask for access and join in the discussion there, or here!
Small private discussions are quite helpful, especially as nio is busy with other real world stuff at the moment, so we're still brain storming, and often that's best done in 'private', but that doesn't mean 'exclusive', just that it's better to discuss options among committed & interested people, and at the moment that's quite a small group.