I like NobleCoin. One of the most powerful things about cryptocurrencies seems be effortlessness with which multitudes of people can move value around the planet and NobleCoin is leveraging that by design by focusing some percentage of that value to automatically transfer to charities and similar stuff which is totally cool. One thing I would like to see, perhaps with NobleCoin, is to enable or plug-in some kind of more streamlined public voice system, one of those SaaS tools that some modern enterprises use to receive ideas and suggestions from public, which would enable crowds to provide ideas and vote (read: prioritize) on them - ideas on which charities and causes to support. Later, the same system can perhaps be used to suggest and vote on some meta ideas related to NobleCoin in general.
One suggestion I have which might be totally counterintuitive is to proportionally lower the amount of coins given to all charities, that is - lower the raw number of coins distributed to all charities in equal proportion, in order to prevent price from inflating too much in relation to Bitcoin in order to control the price of currency and have it as stable and linearly growing as possible. Of course the value of donated amounts, even if number of donated coins is lower, would be the same if their price is higher. Throughout years, Devcoin has alternated around the value of 100 Satoshis and that (among other reasons) probably prevents people from investing in it more agressively and raising it's value significantly even though it's an old and somewhat established coin. And ultimately we want the market cap and value of NOBL to be as high as possible, to have the greatest possible leverage in helping those charities
EDIT: In the long term my vision is naturally as follows: the NobleCoin can be used as a short and medium-term platform to obtain all the attainable experience about what works and what doesn't work in altruistic/charitable system/company/organization/entity and use that experience to encode all that wisdom as some future DAC/DAO on top of whatever DAP/P2P grid/Etherium-like platform will be standardly used at that point in the future..
One suggestion I have which might be totally counterintuitive is to proportionally lower the amount of coins given to all charities, that is - lower the raw number of coins distributed to all charities in equal proportion, in order to prevent price from inflating too much in relation to Bitcoin in order to control the price of currency and have it as stable and linearly growing as possible. Of course the value of donated amounts, even if number of donated coins is lower, would be the same if their price is higher. Throughout years, Devcoin has alternated around the value of 100 Satoshis and that (among other reasons) probably prevents people from investing in it more agressively and raising it's value significantly even though it's an old and somewhat established coin. And ultimately we want the market cap and value of NOBL to be as high as possible, to have the greatest possible leverage in helping those charities
EDIT: In the long term my vision is naturally as follows: the NobleCoin can be used as a short and medium-term platform to obtain all the attainable experience about what works and what doesn't work in altruistic/charitable system/company/organization/entity and use that experience to encode all that wisdom as some future DAC/DAO on top of whatever DAP/P2P grid/Etherium-like platform will be standardly used at that point in the future..
Great post and great points. I think that Rofo has a very strategic plan to give to charity. I know he is very conscious about the flood of coins on the market and the fact that charities and just dump and flood the market. That being said, I think the charities we have currently all we considered due to their understanding of crypto and knowing the true end all. Honestly I think they are holding as much as we are as they know their $100 donation they received today will be worth $1,000 a year from now and
5 years from now.