Posted by: devnullius
« on: 09. May 2014., 20:53:22 »When it comes to understanding Noir, first you have to understand what is meant with the following;
- PoW: Proof of Work. This is "mining" with Hashes
- PoS: Proof of Stake. This is "mining" through Interest. Energy friendly.
- DAC: Distributed Autonomous Corporation
This last one really deserves some more discussion - it is new to me
From http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics:
Do read the full original article: it's an interesting read! But... Beyond the scope of Noir
--> NOIR GROUP?
--> NOIR SHARES?
MANIFESTO/ANN: here
NRS was available in the early beginning by buying-in in return for NRS.
DAC projects will have their own funding which you buy in to with NRS. In return, you receive a part of the profits.
You could even just hold NRS and await a value rise - just like with regular stock options. And just like with any cryptocurrency, there is a wallet and you can transfer NRS to another user.
Too late? No problem. You can buy and trade here: https://poloniex.com/exchange/btc_nrs
From my chats about NoirShares with the developers:
--> NOIR BITS?
There is not much to tell about this: it is the Noir currency, plain and simple. They are not shares, 'just' coins... There was a take-over, so ignore anything labelled [old]...
Official [ANN] here: https://bitcointalk.org/index.php?topic=270264.0
You can buy and trade here: https://www.cryptsy.com/markets/view/54
Download Win32. Download Win64. I couldn't get the x64 binaries to work... So I'm still on x86. Doesn't matter either
How to mine NoirShares: http://noirbitstalk.org/index.php?topic=38.0 *.
How to mine NoirBits: http://noirbitstalk.org/index.php?topic=30.0 .
---
Come to #noirgroup in http://irc.freenode.net
Or leave some nice words here: https://bitcointalk.org/index.php?topic=565623.0;all
Twitter? Sure! http://twitter.com/NoirDS - make sure to follow them. Many features means many interesting developments
---
Some giveaways... Might still be active
- NRS: https://twitter.com/devnullius/status/463781917931110400
- NRB: https://twitter.com/devnullius/status/463785755157217280
Enjoy!
Devvie
* I must admit... I didn't expect that the shares could be mined too! Some clarification would be nice
- PoW: Proof of Work. This is "mining" with Hashes
- PoS: Proof of Stake. This is "mining" through Interest. Energy friendly.
- DAC: Distributed Autonomous Corporation
This last one really deserves some more discussion - it is new to me
From http://letstalkbitcoin.com/bitcoin-and-the-three-laws-of-robotics:
Quote
DACs run without any human involvement under the control of an incorruptible set of business rules. Bitcoins can be viewed as a small “share” of the total market cap of the Bitcoin “corporation”.Edit: an extreme version of this is Heavycoin with its reward voting system, which does not only allow miners to vote on block rewards...
The “mining” services that validate transactions and secure the network are paid for in new bitcoins that slowly dilute the “stock” as the corporation’s market cap ebbs and flows. You can generally trade your shares for other currencies, goods, and services.
Operating rules for the corporation cannot be changed unless a majority of stakeholders vote for them by switching to another version of the software. Interestingly, it is not the holders of existing shares that get to make this decision, but only those “employees” who are contributing their computer resources (mining bots) to run the company.
Quote
What Core Laws should DACs implement and how would they do it? Here’s my stake in the ground, with apologies to Dr. Asimov:
Three Laws of Robotics for Distributed Autonomous Corporations
A DAC must always obey its own published business rules.
A DAC must never change its rules without consent of its stakeholders, except where such change would conflict with the First Law.
A DAC must protect its own existence, as long as such protection does not conflict with the first two laws.
Quote
Metaphorically, the concept of a Distributed Autonomous Corporation is a helpful way to understand the much greater potential of the technology pioneered by Bitcoin. By moving from the metaphor of a digital currency to one of an incorruptible unmanned business, revolutionary new entities can be envisioned. Unlike their flesh and blood peers, DACs will be sovereign corporations governed with inhuman integrity.
Do read the full original article: it's an interesting read! But... Beyond the scope of Noir
Quote
TRUST IN TECHNOLOGY. NOIR GROUP IS PIONEERING ALTCOIN MULTITASKING.
--> NOIR GROUP?
Quote
Noir Group is an idea borne out of watching how the business world is evolving.
While the reasons for decentralization and the uses of crypto-currencies have been discussed at length, real world integration and business application of these ideas has not been truly explored.
NG seeks to progress and develop in this direction with the hopes of expanding and gaining sizeable interest and profit through entrepreneurship in this new branch of e-commerce and crypto industry.
By combining the nature of decentralized cryptocurrencies and corporate structures to create a diverse machine, we have defined a new type of business whose application and reach is almost boundless.
The ideas surrounding this venture are not based on suppositions and hedged bets, and are innovative and implementable. With visible structures, enforceable rules, and usable policies we seek to maximize productivity and maintain a level of openness that allows fluid work process and easy auditing by investors.
--> NOIR SHARES?
Quote
NoirShares is a new venture in cryptocurrency and Decentralized Autonomous Corporations and Software (DAC/S).
NRS is more than just a cryptocoin, it is the technology that provides the foundation for corporate activities such as voting, funding, trading, communication, contracts, value transfer, and more.
There are many ways to benefit from your participation in NRS.
Holding NRS gives you ownership rights in future DACs and ventures developed by Noir Group.
We are currently working on and voting for the next ventures such as the NoirEx(change) and NoirSpace network (Multi-wallet, Minting, Gaming, Content, News, Chat/Talk, Shop, Advertising, and more), with many more DAS ventures to come.
It is up to you to decide which ventures and opportunities are worth your participation.
Since holding NRS also makes you an owner in the corporation, you are also able to suggest new venture ideas and even develop them.
Visit http://noirbitstalk.org/ to stay up to date on future projects. Official [ANN] here: https://bitcointalk.org/index.php?topic=565623.0 .
NoirShares is your ticket to future DAC projects. Your shares are your votes and your throw-down. This is your chance to participate in the future of business as technology.
MANIFESTO/ANN: here
NRS was available in the early beginning by buying-in in return for NRS.
DAC projects will have their own funding which you buy in to with NRS. In return, you receive a part of the profits.
You could even just hold NRS and await a value rise - just like with regular stock options. And just like with any cryptocurrency, there is a wallet and you can transfer NRS to another user.
Too late? No problem. You can buy and trade here: https://poloniex.com/exchange/btc_nrs
From my chats about NoirShares with the developers:
Quote
80 shares per block to start, 5% block reward reduction every 3000 blocks 3% stake, minimum stake age is 7 days, full age 14 days
--> NOIR BITS?
There is not much to tell about this: it is the Noir currency, plain and simple. They are not shares, 'just' coins... There was a take-over, so ignore anything labelled [old]...
Official [ANN] here: https://bitcointalk.org/index.php?topic=270264.0
Quote
SPECIFICATIONS
Maximum coins : 21 million.
Block time : 2 minutes.
Block reward: 20 Noirbits.
Retarget :at everyblock, based on the last 30 blocks time average starting at height 33333Every 30 blocks until further notice. Until then, difficulty rules are unchanged. Old clients will be rejected by this version starting at height 31500. This may seem a short notice, but we're at diff. 10 right now...
Reduced transaction fees : currently, min. transaction fee is 0.1 NRB. Starting at height 31500, it will drop to 0.001 NRB.
You can buy and trade here: https://www.cryptsy.com/markets/view/54
Download Win32. Download Win64. I couldn't get the x64 binaries to work... So I'm still on x86. Doesn't matter either
How to mine NoirShares: http://noirbitstalk.org/index.php?topic=38.0 *.
How to mine NoirBits: http://noirbitstalk.org/index.php?topic=30.0 .
---
Come to #noirgroup in http://irc.freenode.net
Or leave some nice words here: https://bitcointalk.org/index.php?topic=565623.0;all
Twitter? Sure! http://twitter.com/NoirDS - make sure to follow them. Many features means many interesting developments
---
Some giveaways... Might still be active
- NRS: https://twitter.com/devnullius/status/463781917931110400
- NRB: https://twitter.com/devnullius/status/463785755157217280
Enjoy!
Devvie
* I must admit... I didn't expect that the shares could be mined too! Some clarification would be nice