[ANN][NOXT] - NobleNXT Proposal/Whitepaper - Noble's 1st Colored Coin

[pikuchato]

@szenekonzept
Close, it is "his work(project), that is funding the tokens is central (by nature)"
Those decentralized tokens represent revenues that might come from a centralized project in the field of decentralized crypto currencies

@Buy$Polar
Those tokens value is backed with only one thing, rofo's work.
If someone will manage to buy 100% of the coins - he will basically have to wait for rofo to buy them all from him, so the new holder won't be in charge of the project - he will just be in charge of all of its tokens.

It is similar to entering a small casino and buying all their casino jetons include from the existing players, it will just mean the casino now have to pay for 1 big holder instead of many small holders, the value of those tokens is still backed by the casino - not by the holder

edit: and of course that holder is not a share holder of the casino now, he just own their tokens which represent something (fixed value in this example).

[1715211175]

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[1715211175]

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[szenekonzept]

It is much simpler, I am not talking about centralization forced by being depended on the dev(s) like any other crypto coin, those coins are still decentralized as far as much I concern.

Those decentralized projects like noble coin, can be taken over by anyone - if the majority will agree on a new chain it will become the new ledger of noblecoin - classic decentralization - the majority wins.

This is not the case here, no one can take over on anything because those decentralized tokens of noxt worth nothing without rofo's work, actually it is agreed the cycle of noxt will end when rofo will finish to buy all noxt tokens back and own 100% of them - so basically those tokens represent the work of jason in the crypto currency field, this is why it was so easy for him to make changes dynamically when needed, he is the only one who need to agree to such changes - it is 100% his project.

Newbie Question?

It seems to me , your example is if the majority can redirect the chain , it is a decentralized project.

What if someone beside Rofo purchased all of the Noxt Tokens and kept them, would that not put them in charge of Noxt instead of Rofo, especially if they started their own separate app.  And in your example make it decentralized.
Or are you saying Rofo can control the Noxt token no matter who buys it.

Thanks.

As i understand it. (But i am not that good in understanding assets)
You don't "control the Token" you control the money and that would mean
if you buy all tokens everybody, who sold it, says thanks for funding me ... and thats it,
its about funding somebody.

anybody please correct me if i am wrong
Matthias

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[Buy$Polar]

@Buy$Polar
Those tokens value is backed with only one thing, rofo's work.
If someone will manage to buy 100% of the coins - he will basically have to wait for rofo to buy them all from him, so the new holder won't be in charge of the project - he will just be in charge of all of its tokens.

It is similar to entering a small casino and buying all their casino jetons include from the existing players, it will just mean the casino now have to pay for 1 big holder instead of many small holders, the value of those tokens is still backed by the casino - not by the holder

edit: and of course that holder is not a share holder of the casino now, he just own their tokens which represent something (fixed value in this example).

What happens after Rofo buys all of the Noxt Tokens back,
will he create more Noxt tokens from burning Noble or is that the end of the project?

And what will determine , when he buys them back?

Thanks.

[szenekonzept]

@szenekonzept
Close, it is "his work(project), that is funding the tokens is central (by nature)"
Those decentralized tokens represent revenues that might come from a centralized project in the field of decentralized crypto currencies

@Buy$Polar
Those tokens value is backed with only one thing, rofo's work.
If someone will manage to buy 100% of the coins - he will basically have to wait for rofo to buy them all from him, so the new holder won't be in charge of the project - he will just be in charge of all of its tokens.

It is similar to entering a small casino and buying all their casino jetons include from the existing players, it will just mean the casino now have to pay for 1 big holder instead of many small holders, the value of those tokens is still backed by the casino - not by the holder

edit: and of course that holder is not a share holder of the casino now, he just own their tokens which represent something (fixed value in this example).

ah, somehow another small step to my own enlightenment
thanks for the insight
Matthias

.

[pikuchato]

@Buy$Polar
Those tokens value is backed with only one thing, rofo's work.
If someone will manage to buy 100% of the coins - he will basically have to wait for rofo to buy them all from him, so the new holder won't be in charge of the project - he will just be in charge of all of its tokens.

It is similar to entering a small casino and buying all their casino jetons include from the existing players, it will just mean the casino now have to pay for 1 big holder instead of many small holders, the value of those tokens is still backed by the casino - not by the holder

edit: and of course that holder is not a share holder of the casino now, he just own their tokens which represent something (fixed value in this example).

What happens after Rofo buys all of the Noxt Tokens back,
will he create more Noxt tokens from burning Noble or is that the end of the project?

And what will determine , when he buys them back?

Thanks.

When rofo finish the cycle by having 100% of the coins, he can do whatever he wants.
He can create a new funding cycle in order to fund new goals for his project, he can also just stay with a company/project that is 100% his - in that case he will need to fund everything but he will also enjoy 100% of the profits.

About when he buys them back, it should happen when he have the funds to do so, he won't buy all at once, he will use the earning he may got from this project in order to buy those tokens back.
He should buy those tokens for ico price or higher for those who will sit longer, I am not sure about the exact rules but this is the spirit. current price is around 33% of the ICO price.
So yes, this is a huge gamble, but if it goes well the current price should at least triple itself.

[Zebedee23]

I thought instead of Rofo buying back the Noxt it was more a case of Noxt will be used for payment for services from Rofos crypto ventures and those Noxt will then be burnt/destroyed by Rofo, eventually all Noxt are gone and price is very high if all goes to plan.

[pikuchato]

I thought instead of Rofo buying back the Noxt it was more a case of Noxt will be used for payment for services from Rofos crypto ventures and those Noxt will then be burnt/destroyed by Rofo, eventually all Noxt are gone and price is very high if all goes to plan.

Technically you are 100% right, he will use those earnings to buy noxt tokens and remove them from the cycle, I tried to explain the outcome

[cryptonit]

good to see the APP moves ahead
and jason have additional projects in crypto space in work

NOBLE NOXT DMD ERC all the core coins will profit a lot from this

and i hope jason provide us promotion material in time

he can be sure we all will push this solution and create a big marketing promotion impact

just say when

we are prepared to start

[cryptonit]

What happens after Rofo buys all of the Noxt Tokens back,
will he create more Noxt tokens from burning Noble or is that the end of the project?

And what will determine , when he buys them back?

Thanks.

When rofo finish the cycle by having 100% of the coins, he can do whatever he wants.

he canot buy all NOXT back
mine for sure not i know what treasure i have in my pockets  

but he can create buy pressure and this way make sure the NOXT marketprice will represent its true value

[pikuchato]

http://www.theguardian.com/technology/2015/dec/09/bitcoin-founder-craig-wrights-home-raided-by-australian-police

"Police search home belonging to Australian entrepreneur and academic, who tech publications claim was key to creation of cryptocurrency and could be figure known as Satoshi Nakamoto"

Bitcoin makes all governments shit their pants

[cryptonit]

as a strong believer in NOBLE/NOXT and a major stakeholder
i think i can share another interesting project with u too




Here is the link:

https://bit.diamonds/auction.html

my problem is i have so many coins i would love to carry in my sig
so i had to select just the main coin

but if people ask me what  is in my crypto portfolio

then NOXT have a prominent spot

DMD NEM ERC FLY NOBLE NOXT XMG

all coins i am in touch with dev teams
and where no scam for sure involved they all work hard to deliver pieces towards the crypto economy each on his own way

[Zebedee23]

www.noblemovement.com down!!!?

[szenekonzept]

Bockchain issue solved, services (Bittrex, Bitnodes and co) are resyncing NOW
on EUROPECOIN 2.0 code, V-POS enabled, Cloudstakingtab done.

Wallet release after services resynced into  a staple network
3 new permanentnodes added, Novacoin Bug Fixed and submitted to Novacoin.

for NoXT: new repository here:
https://github.com/EuropecoinEUORG/EuropecoinV2

growing commits
have a nice day
Matthias 


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[pikuchato]

www.noblemovement.com down!!!?

For weeks now... I pm rofo about it like 2 weeks ago.
I guess he is just busy with something else, noxt become his side project and it really doesn't look like it's his main concern for the last few months or even since the beginning.

[Zebedee23]

www.noblemovement.com down!!!?

For weeks now... I pm rofo about it like 2 weeks ago.
I guess he is just busy with something else, noxt become his side project and it really doesn't look like it's his main concern for the last few months or even since the beginning.

fuck i didnt realise, thats pretty worrying. Hope we are not going back  where we were before!!?

[Zebedee23]

are giftcard purchases through the app being processed anyone??

[Rofo]

Patch notes for 0.2 due before end of 2015 - http://jasonlcurby.com/noble-patch-notes/

– Open beta: available on Google Play store for community to aid in bug-hunting, feedback and improvement
– Voluntary AML and KYC areas are now available for progress into 2016 utility
– Noble Pay now available not only to Australians, extended to 17 countries in Europe via SEPA
– Email receipts for personal/business records automated for all orders and payments
– Limits on orders now automated based on an individual currency’s liquidity (typically minimum of .5 BTC)
– Revamped user area – information, payment history and AML/KYC status
– Coin ‘address book’ to manage individual addresses and tie them to your personal Noble account
– Early faucet-style functionality and free coins tied to your ‘address book’ lists to encourage installation and use of Noble application
– Time option added to ‘send gift card to friend’ (not just date)
– User-to-user payments (manual, direct or via ‘address book’) – between Noble user IDs
– Color-codes and improved layout for transaction history
– Search capabilities and ‘by category’ for gift cards
– Basic settings activated
– Search field added to digital currency payment option
– ‘Recent activity’ now shows payment address – so that it can be retrieved/copied in future if user navigates away from initial payment screen
– Default delivery time/date to now – also more obvious to new users a date is not a requirement
– Null/null on info fixed
– Larger ‘more’ button for navigating gift cards

www.noblemovement.com is down because it's due to be moved for NOBL/Noblecoin.

Noble paper can be found here.

Application page.

Noble a focus under JC, the front-facing to-be-registered company (rather than sole ABN) for 2016 and licensing

Recent post summarizes current Christmas situation.

[Zebedee23]

Thanks for the update Rofo , very glad to see you are on the case

[Zebedee23]

im trying to install the app on another phone and im getting its not available error from Google Play.

[stereotype]

Thanks for the update Rofo , very glad to see you are on the case

Rofo doesnt do updates. His style is DWI's......Deal With It