Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 232. (Read 1053098 times)

The production of noblecoin is at 7,200,000 per day and now there will be up to 14,400,000 per day in POS. Good luck with that.

While I appreciate your understanding of traditional economics, I mean no offence when I say this is crypto. we're talking about. Little is rational and the rules are different. RZR yesterday released a .PDF explaining their coin and outlined a goal to build a Road/Marketplace to secure themselves current hype and a near $1,000,000 market cap. Sound familiar? Inflation/maintenance/selling pressure for RZR PoW is 90-100BTC per day, we're now currently 1.2BTC/day.


We can't apply this to PoW whatsoever. PoW has costs (mining/tax), the coins are immediately sold and the value diminishes. We're the prime example of that. We've been in situations where the coin costs 1.5-2x the current price to mine, and our value continues to drop. With 51% attacks and PoW abuse, this value drops more. NOBL as PoW at this point is obviously not holding its value.

PoS provides more incentives to hold and build/increase investment. It doesn't have a tax/cost applied to it to create compared to PoW, and it removes the current external factors negatively affecting our price. The rich don't just get richer, everyone who holds gets richer. The stake % is universal, and we're free from the fears of mining/ASICs and miners dumping that has been a prime topic of this board for a long time. The potential for stake to be used positively by supporters (charity, giveaways, promotions, paying for development) which was gained without high electricity/mining gear costs is something to consider.

We truly just want NOBL in the hands of people who will hold, build & promote with us positively, politely and aggressively to the cryptocurrency scene and their friends/world at large. I feel like we've slipped into external debates over mining and technicals (though yes the debates are relatively polite & many people find them rewarding to follow), rather than focusing on uses, innovation, broader acceptance, projects, community building & promotion. I personally believe PoS is the best choice in the current cryptocurrency environment to resolve this so we can move forward.

it's not just that. i sorely hold to any one economic idealogy. especially of those minds from the past. this is the 21st century, we have a more evolved society, and growing minds and cultures and behaviours have changed since those guys time. as much as some old fashioned idealogies may find some areas where they are still accurate today. i dont think that they can be and/or should be looked at as a universal way of seeing things for the rest of humanity's existence. situations change, behaviours change and what was once can no longer survive.

if only it was still so clear cut black and white. plus, as much as we may want to compare mining in the mines to virtual mining. it is my view simply that the value of a currency now, especially in crypto is determined by how many competing sellers there are and how low they are willing to go to extract a different currency for theirs(btc for nobl). basic supply and demand will not drive the value of the currency simply because investors will run out of investment capital and then what do you have to attract new investors??. as i can buy 2.5billion coins out of 3billion but the remaining 0.5billion still may contain undersellers who will push the price back down to the starting point because they didnt get to sell in the first place.. meaning i will continually have to buy to lift the price until i own all 3 billion coins. psychology plays a major role now as many people understand economics and capitalism to a greater extent than the average person did say 100 years ago.

but if noone sells in a market with 10billion coins and all u can find on the market are  .01 fractions to buy at say $3000/coin, then that really does not help the standard supply and demand model. the value of each coin would effectively be $3000, but because noone is selling down the price the demand was allowed to grow. but that doesnt mean there wasnt a large supply. so at the end of the day.. u have to give people something that they are willing to hold on to. very very few people will just buy and allow their investment value to shrink to 1/10 their buy in value without dumping the stock to rebuy lower or invest elsewhere like i have with ltc and doge.

i invested in ltc hoping for it to rise.. but instead it lost 50% value. i dumped it, invested in a coin and received 3 times my ltc value in btc much quicker than waiting for investors to accumulate and build ltc price. it was just the smart thing to do. now if i see fit, i can reacquire my ltc at no loss. but im seeing nothing from them to provide me that interest. so vericoin will now get ltc's investment.

in crypto supply and demand plays a little differently. what is being sent to exchanges is the supply. and what is being held in personal wallets is not. thus simply holding will create scarcity and force buyers to pay higher prices to utilize the services. it requires patience on the part of all investors. individuals who want noblecoin itself will mine it because that is what they want.. but multipools and asics may not have the same view. if users do not want to hold the coin and will continue to sell at sub 20 satoshi even after this coin has shown that investors are willing to pay upward of 200 satoshi then it is an indication that the coin is losing the race to daytraders and others who really dont care about it as earlier investors are pretty much filled up with all they need/want and there is nothing successfully attracting new investors to set the floor at 200satoshi.

Interesting video to listen to, it really makes you appreciate all the work that everyone has put into NobleCoin and the honesty and integrity of the NOBL community.

Wallet does not sync.

Cool, is it yours or did you find it?

full anonimity will never be accepted by any government or whatever. it is a false sense of 'security' that hardly anyone on these boards  actually needs. its just  few people screaming and the sheep following...

Rofo and other devs,

In keeping a close eye on the markets over the past few months it would seem to me that the feature that is almost guaranteed to skyrocket a coin is anonymity features. This has been the case with quite a few coins lately and there seems to be a huge demand for this from traders and miners.

Maybe there would be a way to incorporate this into the upcoming fork?

You have a right to disagree but i'm afraid you are totally wrong. Supply and demand is a market force phenomena to establish a price of a particular good and/or services. The creation of money supply has nothing to do with supply and demand. You need to understand classical economics, especially the work of Ludwig Mises. When a money supply is expanded, it creates inflation. Fiat money creates high inflation as it cost nearly nothing to produce. Money backed by gold has very low inflation because it cost money to get gold out of the ground. The difference between the cost and the selling price of gold is the expansion of money supply.

The creation of money supply has nothing to do with supply and demand.

POW has mining so created coins has something backing it - holds it's value.