That part about pushing trading off exchanges is the critical part for Ora. Why do we even need exchanges at all? Let me get this straight: We create decentralized currencies, and then centralize them in order to buy and sell? Why not have a decentralized exchange for decentralized currency? I seriously doubt that any government could successfully restrict p2p software that operates in a truly decentralized manner. It's only when we cross centralized boundaries that we are subjected to proctology exams. So perhaps we should never cross those boundaries, and build that into the product?
Am I the only one who thinks that exchanges will be regulated out of existence?
Very well said (the entire post). Yes the idea of centralized and inevitably controlled exchanges seems very counterproductive to me. I do think we'll move away from them more and more. In a dream scenario I personally would very much like to see a decentralized exhange for the ORA coins (not just the assets).
LOL. I just thought of a use for an exchange. Go ahead. Mock me.
One exchange (Polo) has recently changed their procedures for accepting coins. Thus, Ora's "premine" alone will probably disqualify it from trading there, in spite of the altruistic point of Ora's existence.
Lots of ppl like Polo's approach to this because it helps filter the crappy pump and dump coins.
My vote is we could use polo to oversee the second round of distributions from their "giveaways" page, thereby making Mac Red breathe a sigh of relief!
That may also get us in good graces with Polo, so that IF the time comes to apply to get on the Polo exchange we will have our foot in the door. This may also give Ora some street cred with the exchange crowd.
The downsides are:
1. It might be too costly to pay them to do this.
2. that clientele might be more likely to turn around and dump Ora.
3. They might not want to distribute a coin that exists only in NXT, where they don't control a wallet.
4. It will bring out the fud'rs, ppl who are interested only in the word "free" and not the ecosystem of Ora.
5. We probably would get mocked for using NXT to distribute what is essentially a competitor.
I don't think this is a brilliant idea. Or even a good idea. But it might solve problems of future distributions, and give Ora some publicity. I'm just not sure if this is the type of publicity I want for Ora.
kind regards,
nio
