Quote from: Rofo on October 30, 2014, 05:10:14 AM

Quote from: cryptochris88 on October 30, 2014, 03:26:53 AM

Still kinda fuzzy at the moment, some information still missing I supposed.
Colored coins are a novel idea and IMO can be used to represent physical assets or some financial instruments such as stocks or bonds
but in the case of 'noble' what will the coin(s) represent to merit an ITO?

They will represent something that belongs more in a centralized and regulated environment (something a decentralized crypto. cannot be nor would it necessarily be supported by the community), as well as access to perks, free shipping, to also pay for services, among other things I'll be outlining. I can't continue to fund 15% discounts and pay for everything out of my own pocket (not that that is ending just yet), so they are being used to crowdfund infrastructure growth. It also represents a coin that has no mining, no emission, no 'inflation' for everyone who wants it but with access to the same services and same brand.

The biggest challenge I'm facing is how to present this in a way that attracts new users, crowd funds and supports infrastructure while guaranteeing that the idea also brings value to NOBL. I'm doing this by accepting NOBL as a choice for exchanging over at a discount (similar to Blocknet accepting coins on its infrastructure) and burning them, reducing the amount in circulation. If I get this done right, it won't be the first time it happens either. It represents a choice for people who want many different things and are unhappy with mining, PoS, emission or the blockchain to move into a different type of coin.

The alternative is either to ask for large donations or start the same project under a different alias, but it's important to me to make sure I increase not only my own position as someone trying to develop/build a crypto project, but that I also increase the value and exposure of NOBL. Or it's to simply act like the 'all-powerful dev' and force the transfer over to be done anyway, which isn't really the right way to go about doing things.

financial instruments such as stocks or bonds

The paper outlines the first steps necessary to perhaps make this one day possible in Australia. It involves AML/KYC, regulatory compliance, licensing, software, legal compliance among a host of other things (on my end initially, the space hasn't evolved to a point where people need to make a choice between unregulated and regulated coins) - NOBL is decentralized and has financial freedom attached and needs to remain free. I don't think it will get there in any rush nor do these coins represent anything but another ITO with many perks and bonuses, but I want to start building it, and if I want to do that I can't constantly cover mining and exchange hacks, covering discounts (although they will remain), and fund necessary development while every group around me rakes in 1000s of BTC.

represent physical assets

Exactly, like a coin legally and officially pegged to gold or silver.

Thank you for the response, much appreciated.

So for confirmation(correct me if I am wrong here),
in the event that the colored coin(s) are distributed through an ITO, an equivalent backed asset or brand is readily available for each supported coin.
Is my understanding correct?