Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 180. (Read 1053172 times)

I guess it has been posted everywhere. Could have found a better quality version...

lol.  what's this got to do with NOBL?

BTC price:
https://www.youtube.com/watch?v=O5zGkqAWsWE

Looking forward to it then.
Will reserve further inquiries after final paper is out.
Good luck Rofo!

Yuck was tongue in cheek I personally don't mind it, it's very necessary for me in this environment and even feeling like I can present the idea and ask to crowd fund an idea (terminology like so will probably change in the forum quickly now). However I don't like the idea of it being forced on others or protectionism, I like self-regulation or voluntary compliance (with full disclosure) and allowing choice.

That being said I want to move quickly into it in Australia to be ready for the evolution of the technology - that will involve registrations and licensing as well as a lot of transparency on my end I think. It will also require a bit of risk I'm only just happy to accept.

i won't necessarily say 'yuck' for trying to be compliant. but it would certainly give your project a different flavor.. which is good.

Thank you. I think so too and there are many avenues for that explored in the paper - at least a beginning. I have never liked the idea of government control and regulation, hence why I got into crypto. in the first place. However we've changed a fair bit this year after trying to deliver things that are a little too idealistic and I'm relatively different because of it (our history page has become quite the treasure trove). Many things I wanted to deliver I couldn't out of either fear of legal ramifications, poor funding, a changing landscape, my public profile and my refusal to 1. dump too much of the premine too fast because I considered it scammy and copped a lot of heat, 2. act like a central banker and change protocols too often (feel too authoritative) or 3. get too deep into manipulating prices. I wanted a clean image because I was betting on the scene getting cleaned up and waiting for the time where people willing to take the step into the (yuck) public, regulatory, licensed, legal side of the technology to try and move it forward were next on the list to be supported for projects.

I also still think we can all be 'financially free' thanks to coins like DRK, Monero and many others that subscribe to other core tenants of crypto. I don't think they will nor want them to go anywhere - it just depends on personal preference, risk and location. Noble just isn't in that space in my eyes.

What I was waiting for was a time where we can almost step over to legal and mainstream adoption (which requires regulation) and where trust, licensing, accountability and transparency let me present a greater plan for Noble beyond just being a blockchain. I think we're almost there.. in no small part thanks to Moolah, SEC, coming regulations and more attention being paid to what is happening here*.

your approach could work towards gaining mainstream adoption.

will be following you and NOBL. good luck!

In a way yes. I need to make sure everything presented makes sense, is legally and regulatory compliant and in tune with what is currently acceptable. If people were to enter a colored coin today using NOBL & BTC, they need to be relatively sure the the idea shows potential for future growth.

No. NOBL (NobleCoin) remains an independent blockchain that runs on the BTC codebase (forked to PoW/PoS), and will always have access to more exchanges/service simply because it is the most supported type of fork. It keeps everything it's currently got.  It's decentralized, free from regulation, offers no features that would require me to risk being thrown in jail.

NXT is a platform that can run what people consider an asset (although it's not, the legal and regulatory implications are large and the definition is wrong - hi Bryce) - but I call colored coins -  Counterparty is a platform also, so is Clearinghouse and CoinPrism/Colored Coins or sidechains on the BTC block chain - all of which I could and very well may use. What I want to build are these - colored coins that work in a regulated environment that make use of the technology, under the Noble brand, and can only be 'fueled' by NOBL - this requires a lot of thought & explanation (of which I may be failing) but it also involves licensing, papers, funding, a little risk and a lot of preparation for on my end. They focus on using the technology - rather than the ideals.

They work more in controlled, centralized infrastructure and follow a path more in tune with centralization, transparency, regulation and legal changes coming. The 'fuel' that powers that infrastructure is crowdfunded using a combination of NOBL (which is destroyed) and BTC (enough to fund further development) and ideally will have many perks and features more suited to coins relying on a central authority in tune with regulation and the law - explored in full in the paper. The burning of NOBL is my way of adding value to what we have here already, while funding projects because frankly I have none.

This lets me push further ideas/development that is attractive to a certain set of individuals and people who simply enjoy new coins or a different type of emission, in return for a sister-coin that is quite experimental but with a lot of value on its own. The value it gives NOBL is that NOBL is a primary way to transition to different coins (either by people who want to enter the new coin, or people - and there are many - unhappy with the current specifications), and the NOBL used is destroyed - removing it from circulation completely. I don't do a colored coin on NOBL itself because frankly it's too young, too small and too vulnerable to be considered seriously, and there are far more established options out there.

Ideally everyone would simply burn their NOBL forever and move over to a completely different idea for a new era - however there are many not interested in this approach. So these projects are also a choice to enter a platform that you desire (depending on your perception on what is better or suits your ideals) that will be supported on all the infrastructure.

More questions are coming and I will continue to try and explain it - the paper and diagrams should help me formalize and present this idea until many people understand. Sometimes I think too much too big too far ahead.

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?

ok.. got it.  thanks.

He means that noble will use some type of asset, it could be nxt asset or xcp asset or colord coins (or any other assets platform).
Nxt is just an example of a platform which lets you generate your own assets.

are you implying NOBL will use NXT in the future?

sorry for being clueless..

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.


NXT is considered an attractive platform to use, as is coloured coins on BTC, or Clearinghouse or Counterparty, as well as sidechains would they ever come about.

Haha still have that there. We will see good results I think.

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?

May 22, 2014 !!

http://jasonlcurby.com/nocc2.png
http://jasonlcurby.com/Distribution-Draft.pdf

All I'm going to release until ready. Please PM me your Q's here as some have that will be answered. Much of this I'm getting proofread and input from many other sources. It is a draft - needs tightening - will be improved.

This is not more talk (as a lot of the year has been) as the pre-ANN and release/ITO/movement will be available by the end of the week and move into next - the CC coins and/or NXT is ready - the infrastructure is there - the licensing and gameplan outlined in the paper - exchange ready and interested parties.

DMD is working on PoW/PoS and will be added to the Marketplace/CoinPayments as soon as I get the word an update can be ready to be rolled out in preparation (or beforehand if they would like me to move first). I would also like to extend the offer - if permission is granted - for this to be payable in DMD at 10% discount (as NOBL will be) for their support and I will pass them their funds funds for dev. or to burn at their discretion.

Better insight: