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Author Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS  (Read 1012937 times)
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hellscabane
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May 15, 2015, 08:25:31 PM
 #10701

So, it's been a while since I've popped in here, but it looks like there has been quite a number of significant changes hasn't there?

I tend not to follow particular coins anymore (mostly because I don't particularly care for alt-crypto anymore), but I've always had a special spot for NOBL. With that said, these are my observations:


Rofo has divested from NOBL from both a work capacity, and from a direct-development capacity. However, despite him being "separated" from this path, he's still setting up the framework around NOXT to be functional with NOBL (the "dysfunctionality" that exists between himself and the other NOXT stakeholders are a whole other issue).

Because of that there is no clear development path for NOBL, nor clear sense of community focus from this once strong community. Eaglefiles worked as the technical (and I think is still functioning in that capacity), but no one has decided to step up to fill in the business leader void (mostly because a lot of people are confused on whether Rofo will step back in; from my vantage point, it seems clear to me that he'll provide service but not direction). In order for NOBL to have a continued presence, someone or a group of people will have to fill that void.

As it stands now, there is no "roadmap" (the buzz word in the land of crypto), or better yet, a plan of action. Roadmaps are finicky, but plans of action allow people to dedicate responsibility for development. There have been quite a few strong people that have come along for this ride; it may make sense to find a foray to build upon.

Fortunately, it looks like the fork (to me it seems this was a pure fork) worked successfully, something that is worth being praised about as a testament to the legitimacy of this coin. There have been so many other coins that have failed a fork from PoW to PoS (or instead relying on "wallet swaps"), that many assume that a successful fork has never happened. This is one of the few coins that can actually say, "look, we made it work."

If this coin is to continue on, it's going to need to be community-driven. It's just a matter of finding those who are willing and able to take the lead. The ambassador approach was a really strong idea; and maybe that idea can be revisited in this new crypto-environment.

And finally, to be frank, it's not the fault of NOBL in and of itself that led to it's current state. It's more due to the fact that this coin was created at the beginning of the BTC bear market of 2014. I'm confident that if this coin wasn't made in the midst of a terribly bearish market, things would be completely different. However, now that the BTC peg is much more stable, things can be different if this community decides to take up a position to follow.

Oh well, that's my two cents on NOBL, best of luck to you all!
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NorrisK
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May 16, 2015, 12:47:50 AM
 #10702

So, it's been a while since I've popped in here, but it looks like there has been quite a number of significant changes hasn't there?

I tend not to follow particular coins anymore (mostly because I don't particularly care for alt-crypto anymore), but I've always had a special spot for NOBL. With that said, these are my observations:


Rofo has divested from NOBL from both a work capacity, and from a direct-development capacity. However, despite him being "separated" from this path, he's still setting up the framework around NOXT to be functional with NOBL (the "dysfunctionality" that exists between himself and the other NOXT stakeholders are a whole other issue).

Because of that there is no clear development path for NOBL, nor clear sense of community focus from this once strong community. Eaglefiles worked as the technical (and I think is still functioning in that capacity), but no one has decided to step up to fill in the business leader void (mostly because a lot of people are confused on whether Rofo will step back in; from my vantage point, it seems clear to me that he'll provide service but not direction). In order for NOBL to have a continued presence, someone or a group of people will have to fill that void.

As it stands now, there is no "roadmap" (the buzz word in the land of crypto), or better yet, a plan of action. Roadmaps are finicky, but plans of action allow people to dedicate responsibility for development. There have been quite a few strong people that have come along for this ride; it may make sense to find a foray to build upon.

Fortunately, it looks like the fork (to me it seems this was a pure fork) worked successfully, something that is worth being praised about as a testament to the legitimacy of this coin. There have been so many other coins that have failed a fork from PoW to PoS (or instead relying on "wallet swaps"), that many assume that a successful fork has never happened. This is one of the few coins that can actually say, "look, we made it work."

If this coin is to continue on, it's going to need to be community-driven. It's just a matter of finding those who are willing and able to take the lead. The ambassador approach was a really strong idea; and maybe that idea can be revisited in this new crypto-environment.

And finally, to be frank, it's not the fault of NOBL in and of itself that led to it's current state. It's more due to the fact that this coin was created at the beginning of the BTC bear market of 2014. I'm confident that if this coin wasn't made in the midst of a terribly bearish market, things would be completely different. However, now that the BTC peg is much more stable, things can be different if this community decides to take up a position to follow.

Oh well, that's my two cents on NOBL, best of luck to you all!

Great summary! I have to admit i also stopped following most coins on a daily basis.

I think nobl Will get a good boost out of noxt when rofo manages to get stuff rolling. Untill then, i think mist People domt know where to take nobl, even id they would take the lead.
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May 16, 2015, 02:52:13 AM
Last edit: May 16, 2015, 03:20:20 AM by Rofo
 #10703

Quote
Rofo has divested from NOBL from both a work capacity, and from a direct-development capacity. However, despite him being "separated" from this path, he's still setting up the framework around NOXT to be functional with NOBL (the "dysfunctionality" that exists between himself and the other NOXT stakeholders are a whole other issue).

Somewhat yes. After one year and with the progress with my plan for NOBL not being overly well received I did take a step back. I also lost the capacity and time to continue to drive NOBL as much as I was.

Quote
Fortunately, it looks like the fork (to me it seems this was a pure fork) worked successfully, something that is worth being praised about as a testament to the legitimacy of this coin. There have been so many other coins that have failed a fork from PoW to PoS (or instead relying on "wallet swaps"), that many assume that a successful fork has never happened. This is one of the few coins that can actually say, "look, we made it work."

Unfortunately this is not the case. It was a bootstrap/swap with extra coins created, not a fork.

I have created a Slack group for NOBL/NOXT if members are interested: https://noxt.slack.com.

I would be happy if we took a step back and went back to the drawing board, to see how we can move forward.

groggin
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May 16, 2015, 05:22:51 PM
 #10704

  is PoS working? i have coins in wallet since 3/4/15, they've not moved, but the wallet says "not staking because you don't have mature coins"

using v2.0.1.0/win7, wallet unlocked for staking

loose the sword that is your pen or tongue [or bittorrent enabled computer] and help fight the so-called new world order   it is the enemy of humanity[/b][/url]  |  Sign-up @ Aurovine to get FREE HD music ... and coins!| |
eagleflies
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May 18, 2015, 06:41:54 PM
Last edit: May 18, 2015, 06:53:59 PM by eagleflies
 #10705


Quote
Fortunately, it looks like the fork (to me it seems this was a pure fork) worked successfully, something that is worth being praised about as a testament to the legitimacy of this coin. There have been so many other coins that have failed a fork from PoW to PoS (or instead relying on "wallet swaps"), that many assume that a successful fork has never happened. This is one of the few coins that can actually say, "look, we made it work."

Unfortunately this is not the case. It was a bootstrap/swap with extra coins created, not a fork.

I have created a Slack group for NOBL/NOXT if members are interested: https://noxt.slack.com.

I would be happy if we took a step back and went back to the drawing board, to see how we can move forward.

Not sure why you keep talking about this. Coins were created and distributed to same addresses as on old blockchain. Surplus was burnt. In fact this premine is better documented then premine which you did at the very beginning.
eagleflies
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May 18, 2015, 06:52:15 PM
 #10706

 is PoS working? i have coins in wallet since 3/4/15, they've not moved, but the wallet says "not staking because you don't have mature coins"

using v2.0.1.0/win7, wallet unlocked for staking

this is common issue after conversion, cause - unknown, devs are silent.
send all your coins to yourself, better to a new address, and restart the wallet

This is the way PoS II works. Please check https://bitcointalk.org/index.php?topic=735170.0 and read section "8 POS II". Pay special attention to chart no. 2. You can see that coin age increases until it reaches its highest point then it starts decreasing. This is an incentive to open wallet frequently. If someone opens wallet e.g. twice per year it is unlikely he/she will earn any interest. At this point one has to send all his money to new address in his wallet and coin age will start increasing again.
hellscabane
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May 18, 2015, 07:54:43 PM
 #10707

Quote
Rofo has divested from NOBL from both a work capacity, and from a direct-development capacity. However, despite him being "separated" from this path, he's still setting up the framework around NOXT to be functional with NOBL (the "dysfunctionality" that exists between himself and the other NOXT stakeholders are a whole other issue).

Somewhat yes. After one year and with the progress with my plan for NOBL not being overly well received I did take a step back. I also lost the capacity and time to continue to drive NOBL as much as I was.

Quote
Fortunately, it looks like the fork (to me it seems this was a pure fork) worked successfully, something that is worth being praised about as a testament to the legitimacy of this coin. There have been so many other coins that have failed a fork from PoW to PoS (or instead relying on "wallet swaps"), that many assume that a successful fork has never happened. This is one of the few coins that can actually say, "look, we made it work."

Unfortunately this is not the case. It was a bootstrap/swap with extra coins created, not a fork.

I have created a Slack group for NOBL/NOXT if members are interested: https://noxt.slack.com.

I would be happy if we took a step back and went back to the drawing board, to see how we can move forward.

Thank you for the clarification Rofo, at least it was better than a pure swap done by an exchange.

I also think a step back to the drawing board would provide members of this community a much needed chance to reengage and determine an approach with NOBL in this dramatically different alt-crypto realm from what it was a year ago. Once again, best of luck with it all.
NorrisK
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May 19, 2015, 06:42:34 AM
 #10708

 is PoS working? i have coins in wallet since 3/4/15, they've not moved, but the wallet says "not staking because you don't have mature coins"

using v2.0.1.0/win7, wallet unlocked for staking

this is common issue after conversion, cause - unknown, devs are silent.
send all your coins to yourself, better to a new address, and restart the wallet

This is the way PoS II works. Please check https://bitcointalk.org/index.php?topic=735170.0 and read section "8 POS II". Pay special attention to chart no. 2. You can see that coin age increases until it reaches its highest point then it starts decreasing. This is an incentive to open wallet frequently. If someone opens wallet e.g. twice per year it is unlikely he/she will earn any interest. At this point one has to send all his money to new address in his wallet and coin age will start increasing again.

thanks for the explanation, quite a mess actually that POS version, alas i wasn't aware,
now slowly preparing to leave this ship  Undecided

Its not a mess, its a deliberate feature to protect the coin from attacks / double spends by big holders as it is not possible to stake half of the coins at once. You just need to be more active in opening the wallet.
eagleflies
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May 19, 2015, 08:44:33 AM
 #10709

 is PoS working? i have coins in wallet since 3/4/15, they've not moved, but the wallet says "not staking because you don't have mature coins"

using v2.0.1.0/win7, wallet unlocked for staking

this is common issue after conversion, cause - unknown, devs are silent.
send all your coins to yourself, better to a new address, and restart the wallet

This is the way PoS II works. Please check https://bitcointalk.org/index.php?topic=735170.0 and read section "8 POS II". Pay special attention to chart no. 2. You can see that coin age increases until it reaches its highest point then it starts decreasing. This is an incentive to open wallet frequently. If someone opens wallet e.g. twice per year it is unlikely he/she will earn any interest. At this point one has to send all his money to new address in his wallet and coin age will start increasing again.

thanks for the explanation, quite a mess actually that POS version, alas i wasn't aware,
now slowly preparing to leave this ship  Undecided

This is a feature which provides an incentive for people to open their wallets more frequently. From security point of view this really makes sense. In POS realm security is provided by coin owners themselves. There is no miners who secure coin.

People are different hence you may not like it. But in my view coin with more people keeping their wallets open is 'better' than another coin which does not have so strong community.
fairglu
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May 19, 2015, 09:33:36 AM
 #10710

This is a feature which provides an incentive for people to open their wallets more frequently. From security point of view this really makes sense. In POS realm security is provided by coin owners themselves. There is no miners who secure coin.

Indeed, for PoW, miners and pools handle the security, and you pay for it in the form of inflation, selling pressure and risk (if the pools go offline, multipools jumping in/out, etc.).
For PoS, stakers handle the security and are paid for it by interest.

However security is a 24/7 concern, and staking 24/7 is thus the only way to secure the network.

Staking once in a while can actually be very detrimental to security:

  • when the stakers comes online with a heavy stake weight, they will find many blocks in a short time, which won't have time to propagate, and thus can result in orphans/forks (dozens to hundreds of blocks forks do happen that way)
  • when the stakers are offline, they are not there to secure the network, which is thus more vulnerable

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May 19, 2015, 02:39:52 PM
 #10711


Its not a mess, its a deliberate feature to protect the coin from attacks / double spends by big holders as it is not possible to stake half of the coins at once. You just need to be more active in opening the wallet.

my wallet is open 24/7 which is enough to help protect the network imho.
so my only incentive is to write a script checking weight behavior
to resend coins at proper times, or modify wallet code.
why should i bother, it's easier to dump and buy in smth else not so advanced


So nowadys "innovative" or "advanced" is not good anymore and people just want plain old and simple? Sometimes I don't understand this forum.
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May 20, 2015, 04:45:25 AM
 #10712

A reminder Slack is up for those interested, just send me a message.

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May 21, 2015, 08:18:56 AM
 #10713


Its not a mess, its a deliberate feature to protect the coin from attacks / double spends by big holders as it is not possible to stake half of the coins at once. You just need to be more active in opening the wallet.

my wallet is open 24/7 which is enough to help protect the network imho.
so my only incentive is to write a script checking weight behavior
to resend coins at proper times, or modify wallet code.
why should i bother, it's easier to dump and buy in smth else not so advanced


The behavior I described should happen only for wallets with long periods of inactivity.
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May 21, 2015, 08:19:32 AM
 #10714

A reminder Slack is up for those interested, just send me a message.

Sent.
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May 25, 2015, 05:45:53 PM
 #10715

so much for noblecoin on bittrex
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May 25, 2015, 09:11:51 PM
 #10716

so much for noblecoin on bittrex

it seems we got delisted
https://bittrex.com/Market/Index?MarketName=BTC-NOBL
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May 25, 2015, 09:28:58 PM
Last edit: May 26, 2015, 11:52:36 AM by Zebedee23
 #10717

A reminder Slack is up for those interested, just send me a message.

Sent.
still waiting 4 invite, emailed and dm'd many days ago

edit: received ages ago, didn't notice, silly me

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May 26, 2015, 07:01:44 AM
 #10718

Hey guys, did the coin change with the wallet 2.0 version? I downloaded the new version and tried to import my wallet.dat but it didn't seem compatible so I just let it create a new wallet.dat. When it finished loading the blockchain I sent my Noble from my old wallet to the new (12+ hrs ago) but nothing has arrived yet. I haven't been active in the scene for a while but I didn't see anything about this on the main post.

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May 26, 2015, 11:54:46 AM
 #10719

Hey guys, did the coin change with the wallet 2.0 version? I downloaded the new version and tried to import my wallet.dat but it didn't seem compatible so I just let it create a new wallet.dat. When it finished loading the blockchain I sent my Noble from my old wallet to the new (12+ hrs ago) but nothing has arrived yet. I haven't been active in the scene for a while but I didn't see anything about this on the main post.

You have to follow instructions how to import yr old coins into new wallet. Its not too late , It will be in the thread if you look.

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May 26, 2015, 01:40:12 PM
 #10720


big fuk-up mates
NOB was a triple listed threat, killer possiblities being able to trade on 3 major fronts Sad

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Revolutionized.  ──


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