I agree that this will provide progress to scrypt coins overall, but it kind of forces the smaller miners out...which I don't like.

The Litecoin creator works at Coinbase , the next coin on Coinbase will be Litecoin and that's 100%.

This will crush the 90-99% of us who are GPU-mining and not interested in investing big $ on what has become an increasingly risky venture. I figured I'd be able to mine until 1Q2015, but now it looks like I'll be dropping out by mid-summer. By fall Scrypt mining will be concentrated in a small number of commercialized mining operations (or a few deep-pocketed individuals).

I wonder how that will impact the flood of altcoins? With fewer miners it will be harder for pointless altcoins to get any hashrate to speak of, which is a good thing. So fewer miners may result in a rallying around the more reasonable altcoins with the rest permanently dropping into the abyss.

Trying to ease the guilt brought on by all their ill-gotten money by giving it away instead of returning it to its rightful owners?

Quick Note on Bullion

Amagi Metals have given us permission to use their stock and send orders their way (http://www.amagimetals.com/). They have been beyond welcoming and professional and we are constantly dealing with many businesses embracing cryptocurrency in the background to push NOBL further. This is no way implies any sort of official partnership or the marketplace representing them, but they are one of a few BTC/Crypto/Bullion friendly suppliers that we are talking to to make sure we have a number of suppliers and good stock in different regions who can deliver from a legal/regulatory standpoint and will take orders from us also. They also currently accept BTC/LTC/DOGE direct on their site so longer-term we are hoping to get NOBL in there at some point too (no promises).

In terms of amount sold, it will only be smaller purchases initially at a time (think 1-10oz silver - or up to a BTC per order if volume permits) to test the waters and make sure we're completely covered in terms of fees/legalities/licensing/reporting. Obviously no details require sharing with official bodies as we aren't doing the huge orders that legally demand an official report. Many of us have bought and sold on eBay for years so we understand the game/legal requirements but with crypto. involved we want to be completely sure.

driving force could be novelty. Always expanding functions and being innovative and thus giving the thing more and more value as more features are added all the time in an orderly and intelligent manner.

and that is right. Crypto has its own physical limit - the number of people that can adopt it ... but that number is fairly large and won't matter for a long, long time.


who wants to buy into a coin where the 'bagholder' is seen as the looser?
Look at btc. It is a priviledge to hold it. No punishement like with many alts
at least you get the idea.

Me as an investor was looking for a broad portfolio that one could call 'relatively safe from fading away' and where it is not necessary to check on twice a day if the coin is still active or dumped already to one satoshi. Some alts what you can accumulate and gain from holding it. What else does the average 'normal' investor want who does see the potential of the technology and wants to profit from an investement in it? Those scams that loose 95% of value in less than a day are also hurting the legit coins since serious investors may fall for a scam or two and leave the scene before they could find those few legit coins in a sea of scam and spam.

short: if everybody would behave a bit more well, devs would make real products and if pumpers like wolong at least go under the radar and keep to their own coins instead of being so very public and tainting all coins i think we could then have a lot more new money and some real growth in here instead of dumping on each other just for the heck of it. The noobs come in and they have expectations and they should have. They are hot for the novelty and for the gains and the idea of finding the next btc before everybody else does and being early in on it ... and they would stay if they would get that at least in parts - and the coins would have actual value then. But what most people get is not gains and not novelty if they don't do a great deal of research for themselves about a ton of coins (and still fail on getting the crucial infos - it would be a fulltimejob). They get sold promises and overvalued coins and are then turned away with empty pockets ... it is not sustainable and in the end it is zero-sum-game everybody complaining 'only old money - same people redistributing their money again and again until only few survive and the scene is empty and there is really no other way in the end for making money other than PnD and everybody does it and all the coins are worthless and nothing was achived and alts have a bad name and are crippled and useless.
I don't want that. I want decent profit from holding good coins like a savingsaccount because the technology can do that for us. If more real investementopportunities would be offered and less scams noone in here would need to worry about profit, really.

yeah, that's pozi pnd scam what you discribe. Crypto can be that. But as you also notice it happens because of no solid backing. Crypto can also have potentially endless value since there is nothing physical that holds the price down. It is the only investement out there where this is true. Everything else comes sooner or later to a halt in growth just because of the physical boundaries. Crypto doesn't need to care if it quadrupeled already. It can quadruple again and again and again if it is done right. Just sayin'. There needs nobody to be a looser for buying on a top when it is pretty much guearantied that it will go higher later and not fading away (look at bitcoin). It is not a ponzi if it has sustainable growth for long, long periods of time and doesn't fade away after pump and dump but is being used for years for real purposes instead. So on the one hand you have pnd-scamcoins that were never designed to survive longer than a few months or even build a real community or having a real purpose - they are just for making someone a quick buck by presenting an illusion of the real valuecoin and fool people to buy into it for the quick buck and on the other hand you have coins with vision, community, purpose, and goals that appeal for long periods of time to new investors because after years of growth they can still be expected to harvest gains (for every participant) and also don't crash so much.
Oh well, this is not exactly pennystocks. Crypto can have greater potential than just being used for ponzis. PnD is really the low end and it gives the coin and those who do it a bad reputation.