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Re: NobleCoin[NOBL] - *GOING PoS*NOBL/$USD*MARKETPLACE*52 CHARITIES/MERCHANTS*
by
1Kb
on 28/07/2014, 17:44:34 UTC
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Re: NobleCoin[NOBL] - *GOING PoS*NOBL/$USD*MARKETPLACE*52 CHARITIES/MERCHANTS*
by
1Kb
on 13/07/2014, 10:39:25 UTC
there has been something in the works that ive had to keep quiet about but perhaps not for much longer, though no promises.

Regarding what I am doing, this has had a set back in time planning due to the learning curve getting a VPS server with plesk while not familiar with all the differences between windows and this VPS:( I might need to decide what to do also due to real time constraints:(
*it should have been beta-live 2 weeks ago..... as my test environment is now already up and running for 6weeks+ it is annoying to have this setback. I'll post more details when got it running properly.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**52 CHARITIES/MERCHANTS**
by
1Kb
on 07/07/2014, 16:42:22 UTC
I see large holders as a good sign. Anyone with 50 mill + isnt exactly going to dump at the first sign of trouble.
Its a good sign in that aspect but it also gives one entity enough coins to manipulate the market.

Maybe, but given the time NobleCoin is live already, those investors bought or mined it as no other was doing so. So either they are in for a quick buck, or they have other ideas behind their investments. To me it is very simple, they bought the coins and kept the price to its level. If the price rises, they will release a certain amount of their coins to make sure that the coin is distributed. The more distributed a coin is, the more stable a price gets.
But that does not go for the whale type of investor btw. That is more the type of investor you are referring to. Unfortunately these guys won't show on the rich list as they need to respond as their bot needs to respond. Meaning that their coins most likely are stored on an exchange.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**52 CHARITIES/MERCHANTS**
by
1Kb
on 14/06/2014, 14:14:57 UTC
Please donations are not necessary. This is what the reserves were for and there's still a good amount left, although we do use a lot of this from our own pocket because NOBL is just not worth selling at this price (it's also a job I need to take personal responsibility for in a way) unless absolutely necessary. Any community involvement with NOBL or effort would always be best spent doing community promotions for the coin or giveaways outside this forum. Right now we want to get PoS delivered and then continue on the path we were on.

@Rofo, Do you want any involvement in noble-charts.com?
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**51 CHARITIES/MERCHANTS**
by
1Kb
on 12/06/2014, 22:29:53 UTC
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 11/06/2014, 08:45:00 UTC

Besides these kind of scams, it seems there is also a group of "scammers" constantly creating new coins that promise innovation / GUI / algo's and do not deliver. In short they create a new coin that promises much a instantly gets into 1 or 2 exchanges (how the @%@#$ can that be). I am not talking about shitcoins but about coins that really do have a decent website, whitepaper, release etc but stop as soon as things are really taking of. Why because all the "early" investors just get out of the coin and take our money (look what happened to all the populair coins from last month....). Yes we (the smaller hands) invest and get out as soon as the big drop starts but we are talking about 2K/3K of BTC per day, it's not the smaller hands that invest.


You might find out that these groups cooperate with specific exchanges as well. I wonder how SNCX will do in the coming few hours.

And I am also very annoyed with the new trend to rename coins. Like CAI went to CAIX. This looks too much as being a smokescreen.

But than again, what do I know:)
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 10/06/2014, 17:22:53 UTC
But on a side note, I wonder how Rofo and the team is doing. I can only imagine that they carry a burden to get something good and wonderfull while we "sit by and wait".
it would be nice if we could do something in return.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 10/06/2014, 17:00:30 UTC
From what I have read, an attack to the network does not need to be 51%. The likely hood to be succesfull with above 51% is higher. So it really depends on how you want to look at a secure network.

Ok then to make this truly secure, the 51% or higher, nethash would have to be controlled by asics owned and operated by Noblecoin... correct?

You don't have to answer.
The point I'm getting at is the asics mining equipment WOULD have to be owned and operated by Noblecoin.

If Noblecoin is mining >51% of all the coins, then they would have to sell the coins to support a continual upgrade cycle to insure they maintain >51%.

Just seems like a lot of time, money, headache invested just to stay ahead of the asics game, not to mention the community would demand accountability for the mined coins just like the pre-mine coins.
I apologize if you felt like I ignored this question. But yes, the only sCrypt coin that can reasonably do this is Litecoin. Other sCrypt coins can exist, but they either have to have a substantive share of hash rate to make attacks nontrivial (kinda like the 72/12.5/1.5 spilt between LTC/DOGE/WDC) or have to be merge-mined under a parent chain (which would most likely have to be LTC). Reasonably speaking, we can state that non-triviality occurs at a few percent of total hash rate (the point at which it costs "significant" resources to attack).

As for continuing the cycle, yes, either funds would need to be reallocated or external financing would need to continuously flow in. But this sort of issue is not only staying ahead of the ASIC "game" but also towards making a secure ledger.

When you really think about it, the most PoW coins that we "should" have lies at about 3 times the number of non-intersecting algorithms (or about 20 coins at the moment) which is way less than the number of substantive competing coins out there.

Actually I was waiting for 1kb to answer, but thanks for your answer.

Hehe, sorry am making dinner for myself:)
And yes, your point is true. The only alternative would be if a mass of people would decide to mine. But we all know that the current situation is that people rather gamble to get a quick ROI than to build and extend a coin.

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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 10/06/2014, 15:39:13 UTC
From what I have read, an attack to the network does not need to be 51%. The likely hood to be succesfull with above 51% is higher. So it really depends on how you want to look at a secure network.
Although it is called a 51% attack it is really more a >50% attack. As long as the spawning genesis has more hashes and can be extended out to form a chain (or subchain) that can be accepted by the parent, then a 51% double-spend type of attack can occur.

Fundamentally speaking, any coin that has less than 50% of all of the possible hash for a given algorithm shoulbe be considered unsecure.


Well theoratically an attack can also be done with 1% of the hashrate. But as it is scaled logorithicallly, the chances of success at 1% are near to zero. So the higher the hashrate, the more likely the attack will be succesfull. As for being practical, once above 51% it is more likely to have a 6 deep confirmation.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 10/06/2014, 15:11:38 UTC
From what I have read, an attack to the network does not need to be 51%. The likely hood to be succesfull with above 51% is higher. So it really depends on how you want to look at a secure network.

added link: https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 09/06/2014, 16:31:56 UTC

OK Now on topic.

We are seeing the shear power of asic to destroy a coin and are trying to defend with our own asic's and failing. I think we can all agree to that statement. So the reason that we have not changed Algo's is to stop a hard fork, well guess what we got one anyway. And it will keep happening until the main issue is addressed. The only way to protect this coin is to change algo's and to continue to do so every time a asic is made for the one we are running. Unless this merge mining is going to actually happen. And for the Asic's already defending the coin they can be used to shore the price.

Now since any coin that is profitable will eventually have an asic created for it we need to look at the economics and decide logically how to progress to protect from this inevitability. If we goto a algo like X13 (looks like X11 is already fpga) then we can see how quickly that road will fail (just bye looking at x-11) So the only other real choice is an "N" factor I think (correct me if I am wrong). But we do not have to choose any specific "N" factor that is already implemented. We should look at getting our own mix of algo's. Scrypt-Jane is a great example to look at when deciding what way to proceed.

I have not or do I intend to do any in depth analysis of algo's as I have stated previously as The time investment just is not worth the effort for me. But there are those here who are capable and have the investment that this would make this a valid endeavor for their time.

I fail to see the reasoning behind that logic. Anyone having that much hashing power (= money) can do the same thing using any algo. And there are other ways to get that amount of hashing power to work for you if you were to put bounties on a coin. Like join me: i'll pay you and if we get a succesfull fork you get a bonus. If they are after you, you can not hide.
Besides that, think of the amount of people requiring to update thair wallets and such. I doubt the community will grow if they need to change a lot to keep up.

But I do share your concerns though although I do not have an answer besides that we should go more commercial maybe.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 08/06/2014, 21:52:42 UTC
why is the exchange going to delist noble?
noble is one of the most important
which one?

bittrex   Undecided

This is bad. Bittrex is one of good exchanges; as I know, they only require a small amount of trading volume to survive there.

Maybe they are. I just wish they were more conservative on the amount of coins they add and the time frame they use for that. I know they are an exchange are are looking for money to poor in. But with coins not being a week old and than being pumped on Bittrex and than eventually to go to Poloniex where it is either pumped further or dumped, it feels not good to me. So I can't say I have a neutral standing regarding Bittrex.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 08/06/2014, 18:59:18 UTC
oh, got a question... hope somebody can help me on this...

i noticed that its been past 6 hrs already that my wallet had not confirmed the received rewards. for more than 6 hrs now, all of the rewards just kept accumulating in my wallet as "Unconfirmed". any work around on this for the rewards to be accepted and added into my wallet's "Balance".

thanks...

I assume you checked the chain explorer with your wallet address to see if they are actually sent?
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 08/06/2014, 14:10:58 UTC
Someone just sold noble down to 1 sat @ poloniex...

It was only 2 BTC but very strange.


ROFO if you want to announce something I think this is a great time  Smiley
We read many clues but know nothing

In my opinion it is best to announce something when it is actually done. For example, if I were to say that I am building a website and it will be available soon, that would just create a hype or price speculation. I'd rather go for the "here is the website" and let everything else takes its own path. So on behalf of communication I hope that something will be announced when it is done and not at a possibly maybe go live stage where the risk of not delivering on time will do more damage in this crypto world.
So from my perspective, it is done when it is done and i'll just wait patiently to see what will be announced.

As you can see at mintpal and poloniex, investors are starting to run out of patience.

Future plans for this awesome coin must be published as soon as possible because investors don't see much value in its current state.

Lets be honest, we are all here because of the dedicated work of the developers, new commers can't see that.


There are 2 ways at how to look at the current market. And the main thing i currently see is that the P&D's are trying to diversify the people (and succesfully to btw).
So when we were back in januari this year, it took weeks to get on to an exchange and we were all cheering. In the current environment I have seen coins being brought on exchanges within 5 days of their announcement (Kiwi coin is the latest example) and the way that the coins are than being promoted is just sick. VRC for example had a PoW period of 2 weeks releasing 26,751,452 coins in that very short period, PinkCoin did 7 days of PoW releasing 500,000,000 coins. Both are or have been hyping and there are more recent examples. (try to imagine the impact a few large miners have on these coins or even imagine the dev group renting such a large miner)
Now my point on the 1st way of looking: All these coins do is release news and have the currently hyped Anon technology. But what people seem to forget is that releasing a coin with new technology does not mean it will be adapted and therefore used. The unfortunate part though is that a lot of attention and money flow is just constantly heading in that direction. This makes that some holders see the gains they could have had and will eventually cave in and run for the "easy money".

The 2nd way of looking at the market is looking at coins which are building on solid grounds. These coins suffer a lot by the current mass run on new coins. And I think that will continue for a few months still to come as the hypers will not gain that much from long term holding.

So I appreciate Noble to be different and true to its cause and not trying to hype something new just to get the investors to stick around. An investor should know what a coin is about, look at its future and decide whether it is a healthy or non-healthy future.
So if you were to sum up the facts we know about NobleCoin, I think we can tell that any of the strong assets required are there. The only thing we do not have is the race for a new engine which would hype the price (for a while).

What i would like to know from the current traders/holders is how they came to the conclusion NobleCoin has its value. My guess is that most of the current traders are not aware or know about these values we hold dear.

And I would also like to know what type of investors we would want to have. For me, i would like to see the type of investor who will hold the coin until the economy of a coin is at a stage where it can be used/spend and basically start to have a normal life cycle.

But I guess I am just weird:)
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 08/06/2014, 09:04:30 UTC
Someone just sold noble down to 1 sat @ poloniex...

It was only 2 BTC but very strange.


ROFO if you want to announce something I think this is a great time  Smiley
We read many clues but know nothing

In my opinion it is best to announce something when it is actually done. For example, if I were to say that I am building a website and it will be available soon, that would just create a hype or price speculation. I'd rather go for the "here is the website" and let everything else takes its own path. So on behalf of communication I hope that something will be announced when it is done and not at a possibly maybe go live stage where the risk of not delivering on time will do more damage in this crypto world.
So from my perspective, it is done when it is done and i'll just wait patiently to see what will be announced.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 07/06/2014, 10:21:36 UTC
Can any1 explain to my why ppl sell nobl at the exchanges to this low price instead of buying amazon gift cards with 18+5% ?
I mean with luck you get 1% at the banks right now, here you get more then 20......

Buying gift cards and selling them for btc or fiat isnt that complicated or ?

I guess mainly because those that are selling are occupied with making money via mining or day trading and will not dig into any coin they touch.
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 06/06/2014, 20:30:02 UTC
A bit quite in here today..

I hope ROFO is busy working on something refreshing  Wink

Yeah, it is really quiet. everytime I press refresh the page looks exactly like it was before the refresh 9 out of 10 times:(
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 05/06/2014, 13:01:13 UTC
Btw, it seems that a new bug was found in OpenSSL. Not sure what will be the impact of this one considering the Heartbleed issue we saw before.
https://www.openssl.org/news/secadv_20140605.txt
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 05/06/2014, 12:37:46 UTC
It's time to find a way to buy NBC
 Cry
You want to buy the whole TV network?
Wink
I guess NOBL will get cheaper advertisements on NBC then?

Not sure, I thing he might also be rerferring to New Bitcoin which was announced 30th august 2013 and as it seems died after.... Maybe he is a bag holder or something.
https://bitcointalk.org/index.php?topic=284007.0
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Re: NobleCoin[NOBL] - **NOBL/$USD@VoS**MARKETPLACE/BULLION**50 CHARITIES/MERCHANTS**
by
1Kb
on 03/06/2014, 20:19:29 UTC
It is really weird to see coins being announced in June 2014 already being traded on exchanges. To name a few: DCM, X13C, BCAT, NUMC. Where are the days that devs needed to work to get on an exchange...

It's because the exchanges themselves are most likely releasing coins after coins in order to generate commission. Also some backhanders via premine helps.

if that is true:  DCM, X13C, BCAT => Bittrex and NUMC = SharexCoin. So if ttrue, we know what lies ahead now:)