Topic: NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS - page 385. (Read 1053168 times)

wel, with this in mind..... we still need to increase the value, so we need to organize some kinda of community buy back. all i have is noble, does anyone have any ideas as to a coin that has a good  X / noble exchange rate and low diff rate.

as i said all i have is noble and am willing to point my 220kh/s at something else if enough other people will do the same and use ALL of the proceeds to purchase noble. but as i said all i have is 220 kh/s, if it is just me it wont make a dent.

We've had some very positive discussions this month with large precious metal merchants who already love crypto and accept BTC. Purchases will be available in BTC & NOBL (10% NOBL discount still applies). More information to come in the following week or two.

i was thinking about switching my miners to some other coin, then buying noble with the proceeds.

any suggestions as to which would be a one to use?

since all i have at the moment is noble, it's kinda hard to buy noble with noble

What is driving the price down is lack of buy orders.... Thinking about switching my miners and buying on exchange to help give some support.

I can see absolutely no scenario in which ANY government wants Virtual currency to flourish. Well not until they have developed and put the tools in place to track tax and regulate. Until then they will just run as much interference as possible to slow the spread until they have the capability to control it.

i can see that,

i can also see them  using those cases as a way to curb the growth of crypto as a way of trying to gain control of the industry. i can only go by my experiences, but i have seen and lived through a number of gag orders, and every time it involves the government not wanting the public to know what they are really doing, and it is almost never good.

what would the motivation be to issue a gag order, if multiple governments are investigating money laundering? from my point of view i would think that the public would almost welcome some sort of stability within the crypto market and such an investigation could ( in a way) give crypto more legitimacy. unless that is what they are trying to avoid.

My personal opinion is MtGox funds have been frozen and held by government entities in relation to all the money laundering cases and they have all been given gag orders.

that 101,000 BTC difference is quite interesting.

depending on accounting methods i can see a discrepancy of up to 5,000, however a discrepancy of over 100,000? who is doing the accounting over their nancy pelosi?

their is also the discrepancy of the total amount of BTC deposited and withdrawn, which doesn't match up with current holdings. and the holdings of japanese yen, british pounds and USD is interesting. there is enough fiat within their holdings to cover a loss like the one that they are claiming. and those are insured. ( depending on your accounting methods, which i would hope that they have enough combined knowledge to play around with)

Just a little personal news regarding the NobleCoin marketplace & being based in Australia. Frankly I'm glad Australia is publicly recognizing cryptocurrencies. While I dislike tax as much as the rest, the monetary/banking system and what tax is used for the alternative is control/making crypto. illegal which is worse. I still believe crypto. will be more widely adopted for international trade and used to bypass merchant & conversion fees and amount to extreme cost savings & international trade benefits but will be somewhat regulated. Tor and anonymous coins will still allow those so inclined to go deeper similar to BTC/Silk Road (still that never pans out too well).

The Australian Tax Office (ATO) has provided businesses with some more guidelines on how it intends to deal with bitcoin, stating that income and profits derived from bitcoin transactions are taxable.

http://www.coindesk.com/australian-tax-office-explains-bitcoin-tax/

'I live in Australia and run the NobleCoin Marketplace – this tax time I will be getting advice from as many interested parties as I can and reporting all income through the marketplace (received in both BTC & NOBL) as well as transfers of BTC>Bank account through Btradeaustralia. This will mostly be done at a loss but I intend to show gains where I can for the report. I’ll be volunteering myself as a case study and provide details on the ATO’s approach of taxing cryptocurrencies in Australia and how it may work in the future. LinkedIn me (Jason Curby) if you’re interested as either an accountant or Australian.'

While I would like as much as the next person to use crypto. freely and avoid tax, the banking system and money control the reality seems to be heading towards mainstream acceptance and regulation. It is also, for better or worse, being called out for stronger regulation by users getting burnt. Whether these events are controlled, created or manipulated to push us all in a certain direction by government/industry I don't generally comment. While not ideal to why cryptocurrency began it is still a better alternative to being made illegal and something to be fought over in the dark web (there will still be plenty of crypto/systems/coins for that), crypto. will still allow for huge cost savings, international trade benefits and put a fair amount of control in the hands of people, users and miners (and out of the hands of you know who), especially when they remain free to choose which cryptocurrency they choose to develop, use and support.

We will be working closely with any news site, accountant and business interested (primarily in Australia but welcome anyone globally) to test the new outlines being put in place in Australia and hopefully allow users, miners and adopters to gain some insight into where regulations and taxation of cryptocurrency might go in the future. I said when we started NobleCoin we were here to build something rather than make bank - this lets us put our financial transactions (NOBL, BTC & fiat) and words to the test, and provides information many feel is required as they begin using and accepting cryptocurrency. We have as many questions as the rest, so we're going to be using the Marketplace to put a spotlight on NobleCoin as a legitimate and forward-thinking cryptocurrency as well as answer as many of those questions come tax time as we can.

Whether it's as simple as merely capital gains being taxed or all transactions and movement of cryptocurrency being applied GST/taxed to be honest I really don't know at this point (and it seems noone else does either). I'm not an accountant and there aren't many case studies to go by so far - but we're more than ready to step up, get financial advice from different groups in Australia, gather and share information and hopefully ensure that any regulations/taxation don't completely cripple/control cryptocurrency. Personally I'd love to be free to use BTC/NOBL for trade free from regulations/banks/taxation but because of my more unique public position and running of the marketplace I will be putting these new rules to the test in the hope it provides insight and information to everyone.

- Australia Recognising & Taxing Cryptocurrencies - NobleCoin Marketplace Case Study

One of the more interesting recent outcomes... http://techcrunch.com/2014/03/09/mt-gox-hack-allegedly-reveals-bitcoin-balances-customer-account-totals/

As much as I'd like to say yes, I don't think adding a new exchange will be the fix we are after (particularly a start up one), not saying its a bad thing, far from it, it'll add some visibility to the coin but to see a major lift in value the whole altcoin market needs to turn around and I expect this to take some time. What Noble really needs at the moment is more buy power i.e. investors, more miners to make the coin more scarce/spread out in turn driving value up and more trade volume in general. What I see at the moment is very little day trading and small but constant sell pressure so when someone buys a bunch of noble to use in the store the price spikes then it slowly gets eroded back down again. Unfortunately the store is a bit of a devil in disguise at the moment, its purpose is to attract more people to the coin by giving it a use the flip side to this is the coin that gets spent there then needs to be recouped to BTC then fiat to restock the shelves so essentially buys there will be coming back onto the market with 10% more as sell orders. I know Rofo's doing his best to mitigate driving the price down by trickle selling but unless I'm mistaken at the end of the day it still has to end up as a sell order.

I see noble as being cheap at the moment and definitely see the price rising a lot in the mid to long term but what we need now are more people, especially new people, to realise this too. As time goes by Noble proves itself more and more and hopefully this in itself will help draw people in but if we want to see a quick turn around I think we need something that makes people think about moving over to noble with coin and community merits aside, something like a solid and sustained pump where people would come over for value alone but its never that easy because if a pump isn't sustained the impending dump can do even more harm.

well about people being morons, i can categorically agree.

to be honest, as i'm reading and catching up, i find it suspect that all this happens as popularity is exploding and the very concept is gaining momentum. while at the same time it seems that politicians are crying out that they can't get their cut of the proceeds. and then a bunch of media outlets report on this, at around the same time the obama administration's FCC debacle is coming to light.

I can tell you for a FACT that News coverage was biased as well as non-factual. I watched it and was pretty pissed off I can tell you. I've been explaining for a week how the coin can't be "Hacked" and it was only an exchange an it was 2 YEARS ago to boot! People are generally morons and eat up whatever they are spoon fed.

yep NOBLE doesnt have luck with exchanges too much
good coin, y fav right after SUN

i had heard about some of the stuff about BTC, but i thought that most of it was getting worked out. i had expected a drop, but this is insane, what exchanges were "hacked" and stealing peoples coins?

i'm trying to catch up but i'n only on page 210 of the thread.

just a thought, i know that this may sound a little " conspiracy theorist" but anyone else think that this may be caused by the people that are trying to control crypto ( politicians) so that they get " their" cut?

YEAH, your lucky you missed it! A terrible last 3 weeks. As was stated GOX finally bailed not being able to operate on the reserves they have been trying to float on since the hack 2 years ago. coupled with the fact Mainstream news is misreporting it as Bitcoin being hacked as to scare the people away from crypto's and over half of the alt exchanges either outright stealing coins and claiming hacks or being hacked the market is in trouble as the common man who was coming around to the Idea has had his faith shaken. And the markets are reflecting that. These fly bye night Exchanges are destroying the entire Industry.


Lets see if they successfully launch first. I sent DGB there a day and a half ago and have not been able to even get to the market with it.

Thats a great Idea, I was and and still mining Noble to keep difficulty high.
I guess mining other coins and buying Noble with them is also an option.
Do you think price will finally go up with agx.io exchange?
@Rofo you should put Austin Global in the topic title!:p

Long story short, between Mt. Gox losing/stealing a ton of BTC (6% of all coins in circulation) and several other smaller hacks on various exchanges/online wallets in a short period of time peoples faith in cryptos has been shaken and presumably a lot of people cashed out.

And yea coinmarket is also having issues, it comes and goes but they are still around.

Will do, have got the domain names, now just a question of building the websites.

Will probably just use Wordpress with a custom frontpage and some simple CSS use of the Noble coin images. The important thing is that people in the UK understand that Noblecoin is available and relevant to them.

what the hell happened? i've been gone for 3 weeks, real life, and i get home turn on the comp and all i see is total devastation.

can someone fill me in?

even coinmarket.io isn't working? is it me?

Doge got there due to volume which to exchange operators is a bounty in itself But I do agree more exposure would help the cause along side more trade volume, votes and general value.

One way miners could help is to split their mining, mine whatever's most profitable as well as Noble (in whatever ratio suits your setup) then use a portion of the high value coins return to buy noble this will help maintain/increase nobles value and allow you to stock up on your noble quota. Keeping some hash pointed at noble will also keep the network alive and difficulty up to make sure new comers can see the coin has an active community backing it. Using the other coin to cover power costs etc. also means you don't have to sell on the noble market to cover it further swinging the ratio of buys to sells, at least until Noble becomes the most profitable coin again

If anyone's unsure about mining multiple pools with different ratios feel free to PM me and I will give you a run down - forgive me if it takes a while to respond I often forget to check the message counter... its too small