Post
Topic
Board Announcements (Altcoins)
Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**52 CHARITIES/MERCHANTS**
by
Rofo
on 23/06/2014, 23:48:56 UTC
We were told that there would be a consultation on what path the coin was to take, and that it would be in the thread. Then we were told it was going to PoS.

Not being negative, just sayin

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Thank you James, this may be a first. Wink

As to my questions, I'm sure Rofo will address them.

We also took into account the last months of and dozens of PMs that were anti-ASIC, anti-miner and demanding action as well as IRC logs. You just need to soak in the entire thread again to see that those in defence of ASICs and sellers (mostly myself) were far outweighed by those against. mIRC it was majority positive as well as this thread.

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I think I have been 100% spot on on all my assessments ( #1 of which when I predicted that coins that would start to cannibalize others) in this thread from day one and have yet to see one argument why changing Algo's to avoid massive dumping from ASIC's is not enough to save this coin.

Our market cap is $150,000. Our hashrate is 1-2GHs. You don't need ASICs to do this. You need to rent rigs for 1BTC and you could do it daily at approximately a .1BTC loss. That's why the algo is irrelevant. I still don't believe the primary actors were ASICs, as I KNOW a large factor was the PoS multipools. There are hundreds of setups that don't involve a single scrypt ASIC that could do this to us. The GPU/smalltime miners are indirectly responsible in some ways, they've given their power to malicious actors (new wave of multipools) over the classical profit-driven actors (mine & dump for BTC).

Go back to the older BC thread when their slogans were 'once you go black, you don't go back' & 'we are borg, assimilate all shitcoins' and see some of their original targets (NOBL). That was when we started getting forced on 64th profitability for days, when our difficulty started spiking over & over again to try and get us stuck in the 60-80 range (resolved in 15mins by single-target) & when the PoS multipools started becoming 75% of the amount mined.

If we change algo., they just dump another algo. besides scrypt on us..