Author

Topic: [2015-07-08] CNBC: Greek island agrees to test digital currency "Nautiluscoin" (Read 986 times)

legendary
Activity: 1596
Merit: 1010
Nautiluscoin has tried various things but utterly failed in every way. Shame this gets so much attenton lol
legendary
Activity: 1372
Merit: 1000
Why not just simply Bitcoin? Roll Eyes

because then it wouldn't be profitable to the scammers
Indeed it is already back to the same price!
legendary
Activity: 2114
Merit: 1015
Why not just simply Bitcoin? Roll Eyes

because then it wouldn't be profitable to the scammers
legendary
Activity: 1512
Merit: 1012
Why not just simply Bitcoin? Roll Eyes
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
"The political crisis in Greece makes a government solution unlikely, so I have helped create a private solution. I think Greece could use blockchain technology to create an asset-backed digital currency that would act as a complement to the current currency regime. A parallel currency can kick-start the Greek economy and avert a humanitarian disaster. ..."


The article is great publicity, so people will be "investing" for many months to come.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Nautiluscoin is definitely a scam. It was a good marketing gag. The coin is over a year old with little success.


i didnt know that but thanks. proves iam right.
tyz
legendary
Activity: 3360
Merit: 1533
Nautiluscoin is definitely a scam. It was a good marketing gag. The coin is over a year old with little success.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
How do you know if this really is a scam?

Scam here = no future and an idiotic concept
legendary
Activity: 1372
Merit: 1000
I bought some after reading the first article and now sold half of them for double the price.

It smells like a scam but I am keeping half just incase Smiley

legendary
Activity: 2114
Merit: 1015
How do you know if this really is a scam?
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
So paper gold 2.0. No thanks. If I wanted money backed by gold I would buy gold.  Roll Eyes
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Greek island agrees to test digital currency

Nautiluscoin was originally designed as stable store of value with a "stability fund" that would act as an internal central bank to reduce the notorious volatility associated with digital currencies like bitcoin. After some trial and error, I have discovered what many others have over the last 5,000 years – the most trusted independent form of money is gold.

In order to create a stable store of value backed by gold, we will employ a two-pronged approach for Nautiluscoin. First, the Nautiluscoin Stability Fund will initially retain a majority ownership stake in Nautiluscoin. As the monetary ecosystem grows, these coins will be sold to meet demand. The goal of this program will be to provide a countercyclical monetary policy that will foster an environment that allows for steady growth in purchasing power.

...


Brian Kelly is founder and managing member of Brian Kelly Capital LLC, a global macro investment firm catering to high net worth individuals, family offices and institutions. He is also the creator of the BKCM Indexes, benchmarks for multi-asset money managers. He's also the author of the upcoming book, "The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World." Kelly, a CNBC contributor, often appears on "Fast Money." Follow him on Twitter @BKBrianKelly.

Disclosure: Brian Kelly is the creator of Nautiluscoin, owns Nautiluscoin tokens and makes a market in Nautiluscoin.


http://www.cnbc.com/id/102815706



SCAM 2.0 : PEOPLE, DONT USE THAT SHIT!
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