Quote from: NorrisK on March 07, 2014, 08:14:52 PM

I have just put down 0.25 newly acquired BTC in buy orders on coinex, lets turn this price around!

Just dropped .5 BTC yesterday. Not sure when I can put in more. But I will not sell any. I shall stay a NOBL millionaire! Cheesy

Quote from: hellscabane on March 07, 2014, 07:29:59 PM

Yeah, short-term, things still look to be a bit down. There is lots of buzz and news surrounding AUR and MZC that is basically gobbling up a lot of the attention of the alternative crypto-currency scene. Compound this with all of the buzz surrounding Bitcoin (stories about Satoshi, regulatory reaction in Japan concerning Mt. Gox and Bitcoins, and the death of the CEO of First Meta). It is unfortunately very difficult to grow a base with all of this activity.

In terms of exchange news, the issues with coinmarket.io continue to push a downward trend on NOBL so this has put a lot of the volume on coinex.pw. The way bots function on that site continuously puts downward pressure on the price (which is compounded by the slight downturn in the price of BTC).

Just as a point of consideration, I personally feel that one of the biggest issues ahead in the adoption of NOBL is having others get past the stigma of the "pre-mine." I think the current deal with AUR and its 50% premine (which actually accounts for 95% of all AUR currently in existence) will trickle over to many of the other pre-mined coins.

In regards to the reserves, there are two issues that I think the team will need to address regarding the pre-mine:
1) Currently, the pre-mine accounts for slightly over 1/3 of all NOBL in existence. That's usually not a comforting feeling for a lot of people in this scene despite how transparent the pre-mine funds are used. Assuming that the rate of use with the reserves in the next 3 months equals the current amount used, this proportion shrinks to around 17%, but even that can be a turn-off. I fundamentally think this will be a big hurdle for NOBL.
2) The public ledger is not easily readable. Sure it has everything, but compiling it into a table format I think will go a long way in explaining how the funds have been used. Also, including a current estimated timeframe for how and when more of the reserves will be used can also go a long way. A road map already exists for the coin, I think a reasonable next step would be mapping out (at least to a certain extent) a road map regarding the usage of the reserves.

With that said, the continuous proliferation of other competing alts is hurting much of the market, and because there is so much dilution, it ends up seeping to all of the various coins and detracting from a lot of possible value.

Very well said, insightful and thoughtful post. I concur and agree with your assessment of the current scene.