What are everyone's thoughts on this? I'd like to make sure the majority are aware of this and they have given their approval. We never had to cover too much CoinMarket loss after all the detective work, but CoinEX will be a different issue. I'll try touching base one last time. Should we go ahead one final time now that we're on all the exchanges to show that NOBL can cover their community for their own little MtGox?
Following this we will still have 100million+ in reserves, we've 'proven' ourselves and gotten onto the larger exchanges. I also have gotten to know personally a number of the people who have lost large amounts, and they 'invested' big, helping drive the price up in January, and won't be cashing out huge amounts to make NOBL suffer any time soon.
I have mixed feelings about this.
We are not connected/affiliated with coinex (as we hadn't with coinmarket). Almost everyone suffered at least one hack/steal/incompetence and lost his coins (me - about three times).
Why the coinex victims should be rewarded?
For example, we had here in Poland some promising young exchange, "bidextreme" — trading btc/ltc/pln, with smooth fiat deposits/withdrawals.
Suddenly they dissappeared with my 0.6 btc (at the moment I had 0.6 btc, but what if I had converted it to LTC?) — should BTC community reward my losses, OR LTC community, OR my central bank (in case I had PLN at the moment of a "hack") ?
Sorry for that but I don't feel responsible for such cases.
Please convince me.
I feel i'm one of the few that have not suffered any significant loss. The entirety of my NOBL portfolio got stuck in coinmarket.io for 2-3 weeks, and the price went down almost 300% in that time, but I was eventually still able to withdrawal the coins. So no loss in NOBL, but plenty of loss in BTC from lack of trading.
I am all for covering losses. However, I feel after this round of coverage, you should only pick 1-2 exchanges that NOBL Certified. People shouldn't be trading on these smaller exchanges any longer now that mintpal and poloniex have picked up nobl and proven themselves reliable and trusting and small exchanges go down so frequently you can't cover every last loss,. This will serve a dual purposes, it will consolidate our trading volume, giving the coin a more active appearance on a day to day basis which will in turn drive up costs, and give NOBL a feature unique in the crypto universe. A guarrantee.
With NOBL devs certifying an exchange, it becomes safer to store your stash in NOBL rather than BTC. Gaining a repuation like that is every altcoins dream. Its the first step to becoming the new standard.
