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Author Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS  (Read 1010900 times)
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eagleflies
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February 28, 2015, 09:49:33 AM
 #9901


PoS parameters:
- algo: we use PoS II from Magi Coin with little bit of tweaking
- 8% interest rate
- average maximum number of coins generated by PoS per day: around 446 000, which is 6,1% of current supply rate
- min coin age: 2 hours
- how to stake: just keep your wallet online. the longer it is online the more secure is whole network. if you cannot keep your wallet online 24/7
this is still fine but you will earn bit more interests if it is online all the time
- recommended size of transactions in a wallet: if your wallet is big (e.g. bigger than 5-10 mil) it makes sense to split it into smaller pieces.
in theory the best transaction size is 2 mil.



Is there a max coin age for PoS staking?


30 days
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eagleflies
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February 28, 2015, 10:04:01 AM
 #9902

congratulations to all on 500  Smiley

yes, really great! Nobody thought we can reach that after Rofo laid his efforts down here. But a big thanks to eagleflies and joe for the great work in the PoS switch! Smiley nice community!

With the switch and NoblePay in the making we can see higher volume imo.

@eagleflies: do you still have contact to joe or is he out?

can we change the OP?

Yes, we have good communication with Joe.

I am also in contact with Rofo. He usually answers my messages. He did update the OP to put there two lines at the top with notification about switch to PoS. Then I requested another update but there was bit of delay on Rofo's side.

Anyway we have an agreement that Rofo will modify OP according to community wishes after transition is complete.



OP re-design

James is taking care of this. But if you or anyone else want to help with this OP re-design feel free to offer your help.
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February 28, 2015, 12:46:57 PM
 #9903

NobleCoin @NobleCoin  ·  25. Feb.
I've been asked to let you know $NOBL PoS switch tentative date is 3rd to 5th of March. Info: https://bitcointalk.org/index.php?topic=402667.msg10476360#msg10476360 …. #altcoins #crypto

why is rofo posting in that way? it is the official noble account so it sounds a bit strange when he says "i have been asked"
maybe the other dev , asked him if he could post it or smth?
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February 28, 2015, 01:47:38 PM
 #9904

NobleCoin @NobleCoin  ·  25. Feb.
I've been asked to let you know $NOBL PoS switch tentative date is 3rd to 5th of March. Info: https://bitcointalk.org/index.php?topic=402667.msg10476360#msg10476360 …. #altcoins #crypto

why is rofo posting in that way? it is the official noble account so it sounds a bit strange when he says "i have been asked"

Yeah, that isn't right. Rofo, if you don't want to participate in the PoS switch, then please hand the account over to someone else who can give more cheerful sounding updates.
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February 28, 2015, 03:13:21 PM
 #9905

NobleCoin @NobleCoin  ·  25. Feb.
I've been asked to let you know $NOBL PoS switch tentative date is 3rd to 5th of March. Info: https://bitcointalk.org/index.php?topic=402667.msg10476360#msg10476360 …. #altcoins #crypto

why is rofo posting in that way? it is the official noble account so it sounds a bit strange when he says "i have been asked"

Yeah, that isn't right. Rofo, if you don't want to participate in the PoS switch, then please hand the account over to someone else who can give more cheerful sounding updates.

hope he isn't putting obstacles in Noble's way. I always appreciated his work etc. but sometime his actions don't make sense to me  Roll Eyes

He is clearly close to burning out. Hope he can keep it together.
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February 28, 2015, 03:26:21 PM
 #9906

Hey guys, i have idea to put some links on my Bitcoin News Android application on some websites for bitcoin/altcoin. For testing purposes i can make it with Noble coin web page address if you are interested. I will make this for free and only accept btc/noble donations from people who want to donate.
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February 28, 2015, 05:31:22 PM
 #9907

so now i need to send the coins to bittrex or c-cex or does it mather which exchange?

https://bitcointalk.org/index.php?topic=1155319.0  DELTACREDITS , great coin , great idea behind
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February 28, 2015, 05:54:31 PM
 #9908

so now i need to send the coins to bittrex or c-cex or does it mather which exchange?

better take bittrex or cryptsy! Bigger exchanges are safer

Poloniex has noblecoin aswell

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February 28, 2015, 06:13:17 PM
 #9909

tanx for advise , very nobel of you all

https://bitcointalk.org/index.php?topic=1155319.0  DELTACREDITS , great coin , great idea behind
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February 28, 2015, 08:33:17 PM
 #9910

NobleCoin @NobleCoin  ·  25. Feb.
I've been asked to let you know $NOBL PoS switch tentative date is 3rd to 5th of March. Info: https://bitcointalk.org/index.php?topic=402667.msg10476360#msg10476360 …. #altcoins #crypto

why is rofo posting in that way? it is the official noble account so it sounds a bit strange when he says "i have been asked"

Yeah, that isn't right. Rofo, if you don't want to participate in the PoS switch, then please hand the account over to someone else who can give more cheerful sounding updates.

My take on this is that best scenario for Noblecoin is when both Rofo and myself cooperate. Rofo created this coin and has great business related skills while I am stronger on technical side. Sounds like a good fit.
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February 28, 2015, 08:38:09 PM
 #9911

so now i need to send the coins to bittrex or c-cex or does it mather which exchange?

You will be able to convert your coins either yourself or via exchange. Please read the post which explains all the details https://bitcointalk.org/index.php?topic=402667.msg10476360#msg10476360
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February 28, 2015, 10:11:26 PM
 #9912

NobleCoin @NobleCoin  ·  25. Feb.
I've been asked to let you know $NOBL PoS switch tentative date is 3rd to 5th of March. Info: https://bitcointalk.org/index.php?topic=402667.msg10476360#msg10476360 …. #altcoins #crypto

why is rofo posting in that way? it is the official noble account so it sounds a bit strange when he says "i have been asked"

Yeah, that isn't right. Rofo, if you don't want to participate in the PoS switch, then please hand the account over to someone else who can give more cheerful sounding updates.

My take on this is that best scenario for Noblecoin is when both Rofo and myself cooperate. Rofo created this coin and has great business related skills while I am stronger on technical side. Sounds like a good fit.

That is the ideal outcome really, with you two in the team noble would be unstoppable  Cool
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March 01, 2015, 08:58:39 AM
 #9913

I have not been silent. I've been in discussions in private (one that summarizes the majority posted below) with a number of new leaders delivering community demands. Letting the new wave of leadership representing major shifts in NOBL direction be the vocal ones. Also, my stance on NOBL direction and crypto. in general is more than public (including every element posted below).

Many elements required of NOBL running have been on the table for being taken over in some form or another for months. However primary focus has been on hard forks or price. I'd advise you also find people willing to take on the elements that cost time and money rather than those that only bring financial gain. I do not work for you. Nor do I want to cheer lead and/or deal with toxicity rather than things that are productive.

NOBL will continue to have all the services prioritized that I have listed previously.

Attached so it's public. Please do not continue to use my 'good name' (or in all honesty seeming lack thereof now from this point in this 'scene') for particular projects/ideas unless it is deserving so.

Quote
Never considered myself boss. Wasn't paying myself a wage and constantly pushed for community engagement/support without me pointing fingers. Like a proper global/decentralized currency requires since it's not a business. A boss implies I'd make the rules and decisions, which is not the case as shown recently. Who is going to be owning the central checkpointing server, or is one not going to be running? He would be the closest thing to the boss.

Won't be overly vocal or pushing the PoS switch until the players currently pushing and pumping it now to profit/exit have exited and the pump is over. Not digging myself a hole again on that front nor want to look 'partnered' with them.

I don't overly support insecure PoS or cutting/controlling supply/adjusting parameters or focusing on untested protocol tweaks over service/community/crypto message to garner interest. Defeated the entire purpose and the message/meaning behind NOBL from day 1.

As you say though it's what the community chose, so I am happy now for them to deal with their choice and the consequences. It has freed me up since it was not my decision.

My plans and developments will always be available to the NOBL community, but not as a plan for NobleCoin itself, as it was supposed to be a decentralized digital currency from the get go. And I hope remains so after the PoS hype dies down in a few months and whatever the community decides to fork to then. Which unfortunately will most probably be more restrictions on supply.

So nothing I say or do should effect NOBL as if it were a business with management, since the dynamics have been anything but.

Feel free to make this post public, but I felt it kinder to leave that kind of information sharing decision to yourself.

Regards,
Jason

Quote
Now we are almost there and please do not tell me 'Nah, I do not care anymore' or 'PoS is evil I am going to oppose it'. You know what I mean?

Of course I care. I'm not posting it's evil or I'm going to oppose it, I'm just not posting support that is misleading.

Quote
- could you provide short notice at the beginning of thread saying tests are being carried out of new PoS wallet and maybe couple of links to docs, wallet etc?
I will post share a copy of the front ANN and someone may update it to their choosing.

Quote
- after the transition could you checkout the code into your repository or provide links to my repository and update the main thread?
Happy to link to new community PoS Github that someone voted controls.

Quote
- maybe you could also say something on twitter about tests being carried out? I do not want to press you about big marketing campaign but few words would be nice.
Happy to do so. However a new NobleCoin Twitter account to be created may also be best, as the @NobleCoin has grown to personal/NOXT and crypto contacts as well as just promoting NobleCoin. That is up to you.

Quote
Regarding our flavor of PoS:
- I was looking at Magi Coin's PoS and it is better than standard PoS in sense that it encourages bigger holders to split their coins into several/many transactions
- Read Magi Coin's thread and people are quite happy
- We have been running tests of our wallet for 4 days now no issues so far. The thing which surprised me was that we reached PoS diff of 1 which is about 10% of Hyperstake. And we did that with test network and about 10 participients. This makes me thinking Noble main network will be secure after the switch.
- No checkpoint server - keeping the network decentralized
- I do believe PoS is better choice for us right now. Noblecoin's PoW was successfully attacked number of times.

This is why I am remaining quiet on PoS. I have already made it clear from an informative and educational standpoint. I have been straightforward on both PoW and PoS pros/cons for a year. I do not appreciate people who act otherwise.
- I'm glad to hear Magi Coin's PoS (as well as BC PoS 2.0) is better than PPC/standard PoS invented and developed by Sunny King.
- PoS has been successfully attacked just as often.
- Checkpoint servers are considered necessary by most of the leaders in PoS field.
- Decentralization is a catchphrase, we all know it doesn't exist in alts or BTC.
- Congratulations on 4 days of success, personally I'd prefer 2 years but I'm the patient/cautious type. That would be my vote.
- There will be zero support from me acting as though a small cap. PoS coin with no checkpointing server guarantees any sense of security over our PoW days, because I am the one who would have to deal with the backlash (and probably will continue to do so even after this post).

Quote
Possible threats:
- There is some risks of attacks in PoS world too. I do not deny it. But it is mostly small networks of coins which are forgotten.

You just don't hear about them from exchanges, or larger networks are under full control from stakeholders large enough to ensure security regardless. An issue just as large is exploits from all these new '2.0, 2.1, 56.7, X, Version+' PoS tweaks. You understand PPC still uses/promotes centralized checkpointing out of some fear of attacks, and they are at.. $8,000,000?

Quote
Current pump in prices:
- Week ago price was at 5 SAT. Now it is at 10 SAT. The average yearly price is probably around 20 SAT. Looking at these number I do not see any pump. It is just price reacting back to median value.

No comment. My stance on the short-term pump was clear. We're back to 7 with the fake support/vol. gone. I'm not accusing you of being involved (not that it bothers me any longer) but please don't insult either of our intelligence.

Quote
Other

My focus will continue to be on the business and services, but I will also become more vocal on educational/the realities of crypto. There will always be support from that angle, just not the type that some might consider convenient at times.

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March 01, 2015, 10:12:58 AM
 #9914

Ok, here is my response to what you just said rofo:

1. r.e. reduction in supply. You looked at doing something to reduce the supply even before we were looking at PoS. The reason that the price is so low and never changes is simply because there are more coins being generated than people want.

2. You put a lot more effort into the other attempted moves to PoS in the past. I think seeing as the community has done it this time you should have given it a damn more support than you did. I mean for example a couple of us paying a decent amount of money towards paying for development when you still hold some premine is wrong. People have to do things they don't want to all the time, grow the hell up and see that people are trying to help.

3. How can @Noblecoin be your personal twitter when you won't support noblecoin?

3. myeagleflies has put a massive amount of effort into this, he is a hero, give him some damn credit.

4. Yes we all know you want merged mining. People need to work on making noble bigger so that coins like LTC will actually give it some thought.

5. Yes there are a couple of people pumping the coin, but on the whole the raise in price is people who are excited to see the coin moving forwards. You know the market thrives on good news as much as any of us do.

I'm sorry guys but as soon as this switch to PoS is complete I am leaving. I can't cope with all of of the negativity. I have tried my best and I feel that as soon as we achieve anything in the future if it isn't to rofos liking we will find ourselves up against a brick wall as we have with this PoS change.

Sorry for all the sadness and negativity on the thread Sad
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March 01, 2015, 10:51:19 AM
 #9915



I have never seen a successfull community takeover imho

[/quote]

BTC ?  Grin
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March 01, 2015, 12:15:26 PM
 #9916

just for info  :  c-cex support did not know anything about a swap they say , so i am sending them now to bittrex

https://bitcointalk.org/index.php?topic=1155319.0  DELTACREDITS , great coin , great idea behind
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March 01, 2015, 01:03:11 PM
 #9917

I don't see the issue in me reiterating my stance on crypto, technology, our direction etc. a problem considering it hasn't changed. I still believe in/against education, yearlong patience, not toying with experimental code, market manipulation, constant hard forks, patience, usage focus over price etc.

I've always been uncomfortably open. I've always spared the usual scene bullshit because this entire forum is a circus.

And all of a sudden my stance is an issue because what the community has decided slightly contradicts that?

I'm not even fighting it. I'm keeping the services and support and everything else running and building upon. I supported it in private completely until I got tired hearing in public that I'm not being helpful or have run away. When anyone can see I still log in daily.

But since it suddenly conflicts with what you want it's an issue for the first time in 12 months?

Please. Is NOBL 'Rofo' or is it a democratic community..or a cryptocurrency. This isn't a personality cult.

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March 01, 2015, 01:16:20 PM
 #9918

Vote someone in to take over the @NobleCoin Twitter account and I'll sign it over.

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March 01, 2015, 01:19:11 PM
 #9919

I don't see the issue in me reiterating my stance on crypto, technology, our direction etc. a problem considering it hasn't changed. I still believe in/against education, yearlong patience, not toying with experimental code, market manipulation, constant hard forks, patience, usage focus over price etc.

I've always been uncomfortably open. I've always spared the usual scene bullshit because this entire forum is a circus.

And all of a sudden my stance is an issue because what the community has decided slightly contradicts that?

I'm not even fighting it. I'm keeping the services and support and everything else running and building upon. I supported it in private completely until I got tired hearing in public that I'm not being helpful or have run away. When anyone can see I still log in daily.

But since it suddenly conflicts with what you want it's an issue for the first time in 12 months?

Please. Is NOBL 'Rofo' or is it a democratic community..or a cryptocurrency. This isn't a personality cult.

No, you are wrong. Personally I don't give a crap if noble moves to PoS or not, the part that has really annoyed me is that people have gone out of their way to help out when you "disappeared" and as a way of repaying them you have said "well I never wanted this anyway".

As the coins founder you should support the community, not throw your toys out when people decide on something you don't want.
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March 01, 2015, 01:26:30 PM
 #9920

Disappeared? I stepped back to let your lovely community/new leadership take the helm to get what they wanted and was in private discussion with them many times. This was common knowledge

If you read some of the quotes you'll see the times when I left what they shared in their hands. They chose to let you all sit around and talk like I had bailed and not given two shits.. as if they weren't in communication with me.

That is not acceptable. My 'toys' are all still very much around. You think all this is a game to me?

What the 'community' should understand is that I will have an opinion on matters. It was public in Jan. It was public before PoS switch. And it is public now. Don't get mad that it now causes an issue with things. My personal viewpoint is rightfully mine.


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