Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 139. (Read 901856 times)

Nutildah is such an obvious troll it's best to just hit the ignore button, I think most regulars on this thread already have.

that had me laughing out loud for real, which is rare   

He may very well have all this stuff covered, but he sure isn't communicating anywhere.  So, you're forced to assume that he doesn't.

BK, some friendly advice before your next developer debacle:

http://www.dummies.com/how-to/content/business-contracts-kit-for-dummies-cheat-sheet.html

With one of them there fancy business contracts Weiner leaving is Blocktech's problem, not yours!  Say it with me "Breach: A claim by one party to a contract that the other party has failed to perform as required under the contract".  Don't forget to date and sign!

Flying Mongoose has to get approval to use the dumb spiral logo for his handjob site but you don't have an enforceable contract in place with Blocktech.  Great job focusing your legal team on the important things.

Signed,

Everyone who's been watching this slow motion train wreck

Like i said before, the network hashrate here is somewhere around 50mh.  I personally own over 500mh of scrypt asics.

Before seeing jyap post, I was very much tempted to fork nautilus on my own, implement POS, and then hand it back to him.  I'd be willing to bet i could get this done before december ... all on my own.

BK:  You need to come in here and update us or i will be more and more tempted to take your coin, fix it for you, and then dump the hell out of it.  Believe me when i say that I would be taking a large bounty for myself if i feel forced to fix this shit for you.


EDIT:  I'm sure he could try to rent some hash to defend his coin.  Well, I can rent hash too.  And i have a 550Mh head start.  If we end up battling for hashpower, he will most certainly lose.  I'm harping on this because that's a serious security risk.

And it's a risk that will be mitigated when naut is on PoS.  That's why it's all the more important to get PoS done ASAP.  Even if it's plain vanilla PoS with a later plan to do the complicated dynamic PoS.

Oh sorry I wasn't implying any branding changes.
It would still be the same coin, just a different approach to getting to Dynamic PoS (a much cleaner way of getting there)

BK apparently has done branding and trademark stuff. Otherwise a graph with his lawyer wouldn't have been necessary when I asked to use the spiral logo for nautijobs.

There's apparently a lot invested into this coin and its brand.

And also remember all the money he spent to keep the blockchain alive (DigiSheild issue) by renting rigs. So premine is definitely not a big issue like the other 2 gents before me said.
But there is one thing that bothers me ... why are we still talking about transitioning from PoW to PoS. Why can't we just implement dynamic PoS on a new blockchain/coin and simply swap out ?

The premine is only a couple thousand bucks worth at todays prices anyway. BK has bought tons more since then, so it doesn't really matter. I wouldn't be surprised if he's the biggest holder by far at this point, as he's often announced his purchases publicly.

regarding the premine question:

I cannot speak for everyone, but I am fully aware of the premine. We had a discussion some pages back you just missed. The point was that the premine (1% or 3%) is mostly irrelevant because

a) BK is not a broke coder like so many here

b) dumping it could seriously harm his reputation.

Since his rl income is mainly based on reputation the risk is much greater than the reward. The premine really is the least problem of this coin.

/ period

a switch to proof of stake is not a smart move

there is no substitute for proof of work / period

still, Sunny King, the novacoin dev or hobonickles dev would be logical choices to hire however they may not want it and it would require centralized checkpointing,

im glad i don't own any of this coin


my reason for posting to the section is to remind people that honest projects do not and should not change directions multiple times after launch

also for all the people that say they were scammed at some point by unknown developers this project is proof you can just as easily be taken for a ride by people who are very public and known and even go overboard to present themselves that way to disarm your guard.

True long terrm successful projects are ones with solid code, available on github that never need to 'hire' anyone to do anything because they can't do it themself. To me this is as crazy as developers who post bounties and allow strangers to compile their wallets for thier projects and the people gullable enough to use those.

also i think some people missed the central issue of my last post is if you ANN a 1% premine and then cut the coin supply the 1% is now much larger and depending on the total coin supply 'right now' can be larger still.  

afterthought

I bet Bernie Madoff smiled at all his customers as he robbed them.


afterthought 2
hash power ? based on public data the difficulty of this coin is regularly so low based on public available sources since I have never nor will i ever compile the source to make a client i think a few or even 1 person with 1 or 2 scrypt 1024 asic rigs could 51% it and put it out of it's misery real quick.

based on coin warz difficulty information and 1 minute block times network hash rate is probably on average lower than 100 or maybe 75 mhs

with the kind of equipment available today that leaves the block chain wide open to attack by anyone who knows how to launch one

I am back in NAUT before it goes up again. Thanks God!

The only reason why he insults or tells stories about NAUT and BK is because he is so interested in investing in NAUT
Trying to buy cheap ? That is the question for him! The thing for us to do is ignoring him. I just dont read his stuff.

One thing I can say, there are only a few coins in the market that is doing serious stuff and going strong...
To me, DGB and NAUT are the coins following this pattern.  

And I am totally sure that BK will make POS happen before his book releases. That is obvious.
Then, there will be intelligent work will step in with BK's financial experience. Can you see the potential ?

If I were you, I would have held 20k or so for sometime without considering the decline in the price.
For sure, it will increase a lot from here....

Isn't there any way to get this person off this forum? everyone report. I am mentally challenged and find his use or the word retard offensive!!!

Man,  despite the fact that I don't want to block anyone add LEGITIMATE INPUT AND SUPPORT can come from anyone.  I think it's finally time to click that ignore and report button.

If your can't provide CONSTRUCTIVE input you shouldn't be on ANY forum.  I now advise you to leave the Internet as the whole thing is just that.  A forum.

Also,  why don't you go FUD hashcoin they've openly stayed that they're working with a bank,  all that doom and gloom you're spreading fits better over there.

Edit: There,  much nicer.  Now we can get back to actually supporting this endeavor.

Please make note that I only relayed information I was given. But I personally still believe in this coin

Was any work done? Were were told several times the dynamic PoS was in testing.

Do you have to start over from scratch at this point, or can you use some of the stuff Bryce built? Also; check with Pnosker. He's the man when it comes to dynamic PoS. He also helped out Arch recently so he might be happy to help.

Hi all,

I told BK I would take a look at the NAUT PoS transition.  I will need to check out the current code base, look at the implementation requirements and run some simulations.  No guarantees, no timeline.

If there are any developers who would like to assist in this, please contact me.  If you have experience in this PoW to PoS transition, then that would be great.

Thanks,
Julian

AHA,     would still be nice for Brian Kelly to drop some knowledge on us

He is just asking for a dev to assist if possible. It would speed things up.