The good thing imo about this launch on the AE is the fact that their is no coin or no value to ORA assets and therefore no dump. An ORA asset will be worth 0 until someone decides to buy 1 or sell 1 for whatever amount. The market will decide the value based on the future promise of the coin and if a dumper wants to sell at this price, no problem. Others will buy as the market value is already set.
That's a great point fragout! My crystal ball is still cloudy, so I'm not making any predictions on what will happen with the ORA asset price after we distribute next week, but I'm not expecting ORA to have much value for quite a while. Paradoxically, I do think most stakeholders will 'value' ORA for its long term potential, and as I'm very confident we've eliminated the possibility of a mass sockpuppet dump, I think ORA is setup for a communal HODL, so there might not be much selling either. Where the price ends up probably depends more on the demand side, are there many people wanting to buy?
Some people might hedge and sell part of their stake early, but that motivation usually follows the imperative to make back your initial investment quickly (in case of early coin implosion), and as ORA stakes are FREE, I think it's *possible* most stakeholders will take a wait and see attitude. It'll be fascinating either way (I'm excited no matter what as the 'experiment' side of ORA is getting interesting now
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There is an obvious 'elephant in the room' now though. We've enjoyed many benefits from having FREE stakes up until now, but the obvious downside from giving ORA stakes away for free is our only dev & community funds will be ORA stakes!
If ORA doesn't end up being 'valuable' it'll mean we don't have a lot of 'value' to pay our developers & key community workers doing vital tasks like marketing and setting up websites & nodes and other infrastructure. This is a problem we need to start thinking about now!
I don't like working for free, and I suspect everyone else feels the same. Even if you're engaged in a 'labour of love', you still have expenses to pay, so even if you're happy to work for little or no compensation, you still need sufficient funds to pay for expenses.
The ORA community will have many expenses to pay, so where do these funds come from? I don't have a definitive answer for this.
Eventually I think ORA *could* be valuable, but that's medium term IMO, and early on I'm fully aware that paying someone a bounty in ORA tokens for spending hours working on projects for ORA might be a struggle. What web host will accept ORA asset tokens any time soon?
For the two key developers I've agreed to pay each a modest personal bounty in bitcoins in recognition of their commitment of time & skill to a fledgling project with an uncertain outcome, and the risk they take with their stake payment (i.e. 5% stake in a dead coin has ZERO value), but obviously I can't pay a personal bounty to everyone who deserves one who comes later.
One option is we start a bitcoin (and other alt coin) donation fund to get some 'hard currency' to help us pay for things. We can explore this option further as a community, but we would need to have full transparency for all donation accounts, and I would not be comfortable accepting any donations personally. We could use our community treasurers if they were willing, or we could use a trusted third party to accept & control any donated funds.
Anyway, we all should be aware that the only community funds ORA has at the moment are ORA assets, and if they have little value for a while, we don't have a lot of resources to pay for necessary expenses. I'm open to ideas!
