Post
Topic
Board Announcements (Altcoins)
Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**52 CHARITIES/MERCHANTS**
by
presstab
on 23/06/2014, 15:38:06 UTC
WTF ! PoS !?

"The (not so) Noble Bank of Rofo."

Hmm.. massive premine..  easymined the crap out of something... eliminated PoW ..

Where have we seen this before ?

AND.. WTF do I have to do to find a legit coin !?? Huh

6 months of mining at the same block reward. Premine addresses transparent. I'll be giving the majority away in giveaways after PoS and for future development as I have for 6 months - I don't want this cursed premine. PoW is going because we're getting 51% and forced on low profitability for months.

For how long do we need to provide full transparency, personal details, a 6 month record, and remind everyone of the opportunity to make hundreds of thousands of dollars scamming this scene which we didn't take before you're happy.

Edit: Regarding PoW versus PoS, I have spent months being open about the realities, pros & cons of both regarding distribution, security, longterm issues & how they are used to take advantage of the scene. I don't make outright misleading comments like PoS coins are immune to 51% or PoS multipools ensure indefinite price rises. I've been against PoS but am coming around and will have to put more energy into ironing out and cleaning up PoS criticism when it comes. But the damage PoW is doing to this scene and us demands action, so we have to take it. If you can find someone more open and realistic about the 'issues' of all these altcoins besides intelligent BTC purists and 'old guard' developers who deserve more respect than they receive please point them out. They exist, but I'm personally getting tired of being labelled with these scam coins.

Also, we're going to be PoS/PoW so you can still mine. This lets us cover both angles: saving/distribution, miners/investment, while combating a cheap influx of coins & ensuring the best of both worlds in security. Keep in mind we're putting security of the blockchain first. Presstab is well-versed in the issues and coding required to combat vulnerabilitie and the %'s/#'s to encourage security while protecting price as best we can.

It's sickening people like this Hippie Tech guy that have no clue what they are talking about run around spreading FUD. I have left him neg trust and I recommend all others do until he does his due diligence.

Now ontopic. You state that the coin will be POW/POS now. I thought you stated it would be POS only. I have no opinion on either, I only know that the coin needs protection (as I've stated from before ASIC's were released). What Algo will the POW be? I think this is the most important decision there is ATM. Has their been any thought put into my recommendation of a Noble Specific ALGO? I truly believe this will give the coin the BEST overall protection for the foreseeable future.

ALSO, Rofo have you watched this? Utopia

here is the torrent link :  magnet:?xt=urn:btih:CF8DD355BF9A8F81ABEB292EA3A0C282DE5D7C09&dn=utopia+2013+720p+hdtv+x264+w4f&tr=udp%3A%2F%2Fopen.demonii.com%3A1337%2Fannounce

The PoW algo will be scrypt. PoW is probably going to be a short lived transitory phase and then be cutoff.  Putting a lot of dev work in to change the algo would just be a waste of time.  It is even possible that PoW isn't part of the transition at all.  Right now is a develop and test phase. No coin has ever gone from PoW to PoS... if you can find an example please send it. All the coins that have had to start a new chain and swap the coins. NOBL will be an industry first.