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Author Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS  (Read 1010974 times)
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eagleflies
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January 11, 2015, 08:40:09 PM
 #9421

We need a graphic designer for a new wallet. Can you help with that? If not do you know someone who is talented and would like to help?

Feel free to answer here or PM myself.

Thanks!

I could help out with that; can you provide more info?

However I'm pretty busy ATM, so I'm wondering how urgent is that request?

We will need someone like yourself when the wallet is ready. Right now we are brainstorming several possible ways to get it done.

Do you know when you are going to have some time to work on such a project?
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January 11, 2015, 08:51:52 PM
 #9422

I suspect manually exporting the keys would not be required, merely rescanning, and it could be triggered by a wallet version change f.i., which would then do the same as a "-rescan" option.

This needs to be tested of course, but as soon as the base coin to clone from is known, I could give it a try. Preferably something without too many customizations, so it can be cloned within a reasonable time frame  Grin

I think the reason it was not done is that it was more work when you did not have a tool that could give you the balance of all addresses. Also noble does not have too many addresses with balance, this would be much more complicated for litecoin f.i., and quite impractical for doge or bitcoin.

Another reason is that an exchange-based swap practically guarantees coins will be lost and never swapped (all those that overlooked the swap news), and I suppose at least some coin devs had that in mind.
Speaking of which, an exchange-based swap destroys anonymity, as the exchange knows your email and IPs (and may leak these unwillingly if hacked or seized at a later time)

About the division by ten, another good reason would be to get away from not just the satoshi value, but also the integer 64 overflow and floating point precision issues. Dividing by 100 or 1000 could also make sense.

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January 11, 2015, 09:28:16 PM
 #9423

I suspect manually exporting the keys would not be required, merely rescanning, and it could be triggered by a wallet version change f.i., which would then do the same as a "-rescan" option.

This needs to be tested of course, but as soon as the base coin to clone from is known, I could give it a try. Preferably something without too many customizations, so it can be cloned within a reasonable time frame  Grin

I think the reason it was not done is that it was more work when you did not have a tool that could give you the balance of all addresses. Also noble does not have too many addresses with balance, this would be much more complicated for litecoin f.i., and quite impractical for doge or bitcoin.

Another reason is that an exchange-based swap practically guarantees coins will be lost and never swapped (all those that overlooked the swap news), and I suppose at least some coin devs had that in mind.
Speaking of which, an exchange-based swap destroys anonymity, as the exchange knows your email and IPs (and may leak these unwillingly if hacked or seized at a later time)

About the division by ten, another good reason would be to get away from not just the satoshi value, but also the integer 64 overflow and floating point precision issues. Dividing by 100 or 1000 could also make sense.

So dev abandoned the ship and this is a community takeover attempt?

Cool whats the plan
HKBvM
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January 11, 2015, 09:39:29 PM
 #9424

I dont have much of a history with noble and didnt follow the coin closely so I am a bit surprised by what happened, but I am not going to blame rofo. He sounded really frustrated and disappointed and I can understand that. Putting effort into a project only to see that contacting a scammy pump-group and putting up 4 pages with shyiny graphics and no content and call them "whitepaper" leads to better results must be frustrating. But this is just the sad sate of crypto. Plus, some of his PMs seem to have been really bad, I wouldnt want to run a coin nowadays.

I was absolutely not surprised to see people burning noble to noxt and dumping them. Give people an opportunity to manipulate or an arbitrage opportunity and some of them will take it. Half this community will probably sell their own grandmother for 0.5BTC. Just expect the worst. I could totally understand if somebody doesnt want to be part of all this. However, it would be really sad to see rofo go. Crypto doesnt need more bobs, but more rofos.

It is probably a good idea for rofo to not totally leave noble but share the responsibilities. You can take brakes from crypto that way when you feel you need it. At the very least the reactions in this thread are encouraging. Personally I would like to help, but I dont have the skills needed (neither technical nor pr) nor do I have much time (job + family). What I can do is read the thread and share my opinion whenever I feel it could be helpfull.

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January 11, 2015, 10:26:36 PM
 #9425

OK look guys I apologise. Let me finalize the bullion licensing and work here in Canberra (Im in the middle of a move and meetings for NOXT) so I can officially tie precious metals and digital currencies. PD if you're reading this we'd love to have you on board to finalize PoS. Then we can take NOBL and NOXT in the right direction for 2015. Maybe I was having a weak moment. But I think we need to band together and get our shit sorted so we can stand out for once.

I can't really go anywhere can I. I think we need a power restructuring though to work better together as a community rather than just myself.

Rofo, You scared the shit out of me with your previous post.. You have been a beacon of light for me and many others in this altcoin darkness.

I'm happy at the amount of support shown from some of the long term community members and I agree with them: You need a team. I'm happy you have shown your frustrations finally, I think this has woken us all up.

I have an important event in hosting in 2 weeks. After that I will be in contact with you all again to help out where I can. I just hope we can do it with you rofo, rather than without you.
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January 11, 2015, 10:33:50 PM
 #9426

I suspect manually exporting the keys would not be required, merely rescanning, and it could be triggered by a wallet version change f.i., which would then do the same as a "-rescan" option.

This needs to be tested of course, but as soon as the base coin to clone from is known, I could give it a try. Preferably something without too many customizations, so it can be cloned within a reasonable time frame  Grin

I think the reason it was not done is that it was more work when you did not have a tool that could give you the balance of all addresses. Also noble does not have too many addresses with balance, this would be much more complicated for litecoin f.i., and quite impractical for doge or bitcoin.

Another reason is that an exchange-based swap practically guarantees coins will be lost and never swapped (all those that overlooked the swap news), and I suppose at least some coin devs had that in mind.
Speaking of which, an exchange-based swap destroys anonymity, as the exchange knows your email and IPs (and may leak these unwillingly if hacked or seized at a later time)

About the division by ten, another good reason would be to get away from not just the satoshi value, but also the integer 64 overflow and floating point precision issues. Dividing by 100 or 1000 could also make sense.

So dev abandoned the ship and this is a community takeover attempt?

Cool whats the plan


I want to make it clear I specifically stated the NOXT cycle, roadmap and updates in this thread were my primary focus while I took a breather from NOBL under revised leadership. That is all I'll say until the gold/silver licensing, market trade and business/investment updates come.

Rofo's just taking break from nobl and focusing on NOXT. Little has changed, we are all just more aware of what it takes to do a start up.
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January 11, 2015, 11:17:41 PM
 #9427

We need a graphic designer for a new wallet. Can you help with that? If not do you know someone who is talented and would like to help?

Feel free to answer here or PM myself.

Thanks!

I could help out with that; can you provide more info?

However I'm pretty busy ATM, so I'm wondering how urgent is that request?

Maybe I can help with that.
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January 12, 2015, 01:19:17 AM
 #9428

We need a graphic designer for a new wallet. Can you help with that? If not do you know someone who is talented and would like to help?

Feel free to answer here or PM myself.

Thanks!

I could help out with that; can you provide more info?

However I'm pretty busy ATM, so I'm wondering how urgent is that request?

We will need someone like yourself when the wallet is ready. Right now we are brainstorming several possible ways to get it done.

Do you know when you are going to have some time to work on such a project?

Not sure yet, but I'm guessing in about a month in the worst case.

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ReserviorHunt
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January 12, 2015, 01:27:39 AM
 #9429

We need a graphic designer for a new wallet. Can you help with that? If not do you know someone who is talented and would like to help?

Feel free to answer here or PM myself.

Thanks!

I could help out with that; can you provide more info?

However I'm pretty busy ATM, so I'm wondering how urgent is that request?

We will need someone like yourself when the wallet is ready. Right now we are brainstorming several possible ways to get it done.

Do you know when you are going to have some time to work on such a project?

Not sure yet, but I'm guessing in about a month in the worst case.

Join us #Noblecoin on freenode irc Smiley

We can talk things out further.
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January 12, 2015, 07:33:57 PM
 #9430

How is the team coming together? Smiley
eagleflies
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January 12, 2015, 08:32:32 PM
 #9431

I have started working on a PoS wallet for Noblecoin. This is just the very beginning so please do not expect miracles anytime soon. Wink

However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!
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January 12, 2015, 09:48:22 PM
 #9432

Post-Scriptum on the PoS premine distribution:

I just looked: currently 14417 noble addresses hold funds, so a 1:1 distribution with 10 outputs per tx would take a 1442 lines scripts.

No particular coding would be needed: the script would just be a list of "noblecoind sendmany" commands, to be run on the wallet of the premine. Remaining premine coins could then be burned or whatever.

As a bonus, the distribution of the premine would be in the clear, in the blockchain, rather than in an exchange's private database.

Not saying it's the best option, just saying it's an option you can have for "free".


I like this idea very much.

I checked the numbers:
- We are at 1.881 bln NOBL right now, after burning:
https://chainz.cryptoid.info/nobl/#@inflation

- With 7.2 mln NOBL being mined every day we will reach 2 bln again in 16.5 days (about Jan 28th/29th). If we manage to have running PoS wallet by then, it would be perfect, i think. IMO it would be the best moment to stop the PoW constant supply, which is mostly dumped instantly at marker by Lifeforce, Wafflepool etc. Next "round" number. 2.1 bln, we will reach in about 30 days. I think that a round number is a good number to cut the PoW mining.

Another thing to consider: I think that staying in 1-digit satoshi price range is never good for a coin. Why? Because with X sat every even smallest price change (from 6 to 7 satoshi for example) has to be always more than 10% (from 6 to 7 sat it's 16.6%) — so it's more difficult to find a "fair" price, because there is nothing inbetween.

That's why i think we should not use 1:1 distribution, but for example 10:1.
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January 12, 2015, 10:03:31 PM
 #9433

I have started working on a PoS wallet for Noblecoin. This is just the very beginning so please do not expect miracles anytime soon. Wink

However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!

1. I think we should have very moderate to small inflation rate at PoS stage. No "High PoS".
With PoW, when calculated year-to-year starting from now (1.8 bln + another 2.6 bln in 365 days), the PoW inflation now is 144%.
For PoS, in my opinion maybe 5%-10% a year would be good. The highest PoS coins have seen a big hype (see HYP), but then the fall is very dramatic, because of the enormous supply.

2. I think we can make a transition to PoS at a "round number" like 2.0 or 2.1 bln NOBL (depending when will we manage to have a running PoS wallet)/

3. I think we should distribute new PoS NOBLes using the fairglu'd automated script method on some clone of 100% premined PoS coin.

4. IMO it would be good to divide the money units (coins) in circulation by 5 or 10 to avoid 1-digit satoshi price range (Ratio 5:1 or 10:1. In this scenario, 1 mln old NOBL would equal 200k or 100k of new PoS NOBL, distributed evenly to all existing addresses, redeemable at any time in the future from your old wallet.dat).

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January 12, 2015, 11:20:15 PM
Last edit: January 12, 2015, 11:54:10 PM by ReserviorHunt
 #9434

I have started working on a PoS wallet for Noblecoin. This is just the very beginning so please do not expect miracles anytime soon. Wink

However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!

1. I think we should have very moderate to small inflation rate at PoS stage. No "High PoS".
With PoW, when calculated year-to-year starting from now (1.8 bln + another 2.6 bln in 365 days), the PoW inflation now is 144%.
For PoS, in my opinion maybe 5%-10% a year would be good. The highest PoS coins have seen a big hype (see HYP), but then the fall is very dramatic, because of the enormous supply.

2. I think we can make a transition to PoS at a "round number" like 2.0 or 2.1 bln NOBL (depending when will we manage to have a running PoS wallet)/

3. I think we should distribute new PoS NOBLes using the fairglu'd automated script method on some clone of 100% premined PoS coin.

4. IMO it would be good to divide the money units (coins) in circulation by 5 or 10 to avoid 1-digit satoshi price range (Ratio 5:1 or 10:1. In this scenario, 1 mln old NOBL would equal 200k or 100k of new PoS NOBL, distributed evenly to all existing addresses, redeemable at any time in the future from your old wallet.dat).



I agree with 5-10%. No high pos.

Just keep the stake rates steady along that line.

I personally believe 5% to be more then enough. We are going for a good, professional crypto currency here. 5% is more then plenty for inflation.
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January 13, 2015, 04:35:58 AM
 #9435

I have started working on a PoS wallet for Noblecoin. This is just the very beginning so please do not expect miracles anytime soon. Wink

However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!

1. I think we should have very moderate to small inflation rate at PoS stage. No "High PoS".
With PoW, when calculated year-to-year starting from now (1.8 bln + another 2.6 bln in 365 days), the PoW inflation now is 144%.
For PoS, in my opinion maybe 5%-10% a year would be good. The highest PoS coins have seen a big hype (see HYP), but then the fall is very dramatic, because of the enormous supply.

2. I think we can make a transition to PoS at a "round number" like 2.0 or 2.1 bln NOBL (depending when will we manage to have a running PoS wallet)/

3. I think we should distribute new PoS NOBLes using the fairglu'd automated script method on some clone of 100% premined PoS coin.

4. IMO it would be good to divide the money units (coins) in circulation by 5 or 10 to avoid 1-digit satoshi price range (Ratio 5:1 or 10:1. In this scenario, 1 mln old NOBL would equal 200k or 100k of new PoS NOBL, distributed evenly to all existing addresses, redeemable at any time in the future from your old wallet.dat).


How would this distribution method work for the coins held by exchanges? I suppose they would need to know in advance to expect new coins and what the ratio would be.

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January 13, 2015, 07:23:29 AM
 #9436

guys, I just got an answer from Joe, the dev of Coin Magi, who is willing to help. He developed a PoS II which seems to be far better and safer!

Here you can find some info about Magi and it's PoS II: https://bitcointalk.org/index.php?topic=735170.0

Pls discuss this option! I will be back in some hours Smiley

Sounds interesting. Be careful not to have too many people working on a pos fork now, otherwise you may end up with several wallets and disappointed helping hands.
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January 13, 2015, 08:02:20 AM
 #9437

guys, I just got an answer from Joe, the dev of Coin Magi, who is willing to help. He developed a PoS II which seems to be far better and safer!

Here you can find some info about Magi and it's PoS II: https://bitcointalk.org/index.php?topic=735170.0

Pls discuss this option! I will be back in some hours Smiley

That would be a good news, been discussing PoS issues with Joe a bit in the last weeks/months, and what he's doing goes in the right direction IMHO.

The issue with "normal" PoS is that if you do not have a lot of wallets staking 24/7 with lots of funds, the network is at a risk of forks when a "whale" comes online once in a while with poor connectivity, and thus can extract a lot of blocks successfully very fast (as diff will be low), and those blocks may not propagate fast enough, which will result in a fork.

I will make and post a distribution script (from current balances) so people can test/check if that works.

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January 13, 2015, 08:06:10 AM
 #9438

I have started working on a PoS wallet for Noblecoin. This is just the very beginning so please do not expect miracles anytime soon. Wink

However I would like to ask everyone on this thread what is your opinion on PoS parameters which should be chosen. Feel free to elaborate why you think those are best for us. Maybe someone did research into PoS parameters and would like to share results? I would love to hear that!

1. I think we should have very moderate to small inflation rate at PoS stage. No "High PoS".
With PoW, when calculated year-to-year starting from now (1.8 bln + another 2.6 bln in 365 days), the PoW inflation now is 144%.
For PoS, in my opinion maybe 5%-10% a year would be good. The highest PoS coins have seen a big hype (see HYP), but then the fall is very dramatic, because of the enormous supply.

2. I think we can make a transition to PoS at a "round number" like 2.0 or 2.1 bln NOBL (depending when will we manage to have a running PoS wallet)/

3. I think we should distribute new PoS NOBLes using the fairglu'd automated script method on some clone of 100% premined PoS coin.

4. IMO it would be good to divide the money units (coins) in circulation by 5 or 10 to avoid 1-digit satoshi price range (Ratio 5:1 or 10:1. In this scenario, 1 mln old NOBL would equal 200k or 100k of new PoS NOBL, distributed evenly to all existing addresses, redeemable at any time in the future from your old wallet.dat).



I agree with 5-10%. No high pos.

Just keep the stake rates steady along that line.

I personally believe 5% to be more then enough. We are going for a good, professional crypto currency here. 5% is more then plenty for inflation.

I think slightly higher. At 5% it isn't worth leaving a computer on staking IMO.

I think rofo decided on 12% from what I can remember.
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January 13, 2015, 08:11:53 AM
Last edit: January 13, 2015, 08:27:50 AM by fairglu
 #9439

Distribution script for testing:

https://chainz.cryptoid.info/nobl/noble.distrib.txt

(based on current balances, I can easily regenerate at later time for any block height, divide the amounts, etc.)

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January 13, 2015, 08:43:09 AM
 #9440

guys, I just got an answer from Joe, the dev of Coin Magi, who is willing to help. He developed a PoS II which seems to be far better and safer!

Here you can find some info about Magi and it's PoS II: https://bitcointalk.org/index.php?topic=735170.0

Pls discuss this option! I will be back in some hours Smiley

Wow, Coin Magi is helping NOBL! It's good because they have introduced interresting innovations with Magi.
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