This is interesting because a couple weeks ago when Bitcoin crashed, new people started showing up to the NAUT thread when they noticed how stable it was in comparison to every other shit coin that was crashing along with Bitcoin. Now what? BK hasn't given us an update in a while, like he said he wouldn't because POS is still in development, yet people are joining the FUD train because they seem to think it's a good thing that the crypto world is fast paced. Are we forgetting that the purpose of Nautiluscoin is to be stable and long term?
Also, is it not enough that BK is writing 2 chapters in a BOOK published by Wiley that could potentially reach millions of readers? I mean come on, this doesn't sound like a "project" it sounds like he's really committed to something here.
Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 180. (Read 901856 times)
August 30, 2014, 02:12:45 PM
August 30, 2014, 01:51:04 PM
The proof of stake method is completely new and unseen before (according to something Bryce told us on IRC) that being the case NOT saying what it is yet prevents copy cats until release our near to release.
As long as this POS switch is taking, it MUST to be something completely new and unseen. If they deliver some plain vanilla POS after such a long wait, i will probably be pissed off. I'm no master programmer and I could have implemented plain vanilla POS by now.
I truly hope their POS is something new and innovative, otherwise, we've all wasted tons of time, energy, and money focusing on Naut instead of other coins.
August 30, 2014, 01:40:05 PM
I just wanted to say I'm proud to be in the Nautiluscoin long-term holder category. I have faith in BK and even if things don't happen as fast as some think it should, we will be alright in the end. BK is one of the few coin founders that actually has a reputation besides "college computer programmer".
August 30, 2014, 01:13:11 PM
I'm about to firesale some naut off on cryptsy if anyone wants cheap coins I'm selling and I don't give a F what tbey go for im done with naut.
What I have just said for folhowk applies to you too, GTFOH Fudster bastardz! Yeah sell it to me, I can buy it expensive from you if you have good amount.
August 30, 2014, 01:11:24 PM
As a long time NAUT supporter I have to say that I am finished with this coin. Naut was billed as a coin for the wall street investor, where professionalism would take over in crypto from the sea of scamcoins and pump and dumps. But in reality Nautiluscoin has been the furthest thing from professional, minimal updates and zero development have been the norm for the past two months. According to trusted members of the crypto community Proof of Stake is still a long way off after BK had announced it would be ready for the Fitch fight in July. And the kicker to boot is BK's "roadmap" that he claims to have written in his book but isn't allowed to inform the community about. What a load of shit, we've put our money into this project and watched the price decline 90% from the all time high and aren't even allowed to hear about the future plans of the coin because BK has a book contract. It's becoming increasingly clear that Nautiluscoin was never meant to be serious, just a passion project to fill a up a few chapters in his bitcoin book. I'm ashamed to say I wasted time and money trying to promote this coin. I'm lucky to have left with some profit, I hope you all didn't get burned too bad.
Only one thing can be said to you, GTFOH! Sell your NAUTs to me and leave... then see NAUT is climbing so high... and regret to the bottom of your Azz...
August 30, 2014, 11:17:06 AM
As a long time NAUT supporter I have to say that I am finished with this coin. Naut was billed as a coin for the wall street investor, where professionalism would take over in crypto from the sea of scamcoins and pump and dumps. But in reality Nautiluscoin has been the furthest thing from professional, minimal updates and zero development have been the norm for the past two months. According to trusted members of the crypto community Proof of Stake is still a long way off after BK had announced it would be ready for the Fitch fight in July. And the kicker to boot is BK's "roadmap" that he claims to have written in his book but isn't allowed to inform the community about. What a load of shit, we've put our money into this project and watched the price decline 90% from the all time high and aren't even allowed to hear about the future plans of the coin because BK has a book contract. It's becoming increasingly clear that Nautiluscoin was never meant to be serious, just a passion project to fill a up a few chapters in his bitcoin book. I'm ashamed to say I wasted time and money trying to promote this coin. I'm lucky to have left with some profit, I hope you all didn't get burned too bad.
August 30, 2014, 11:09:03 AM
I am still buying and holding, the feeling I have in my bones are; the longer the new wallet takes the more features it will have.
This is still early days in crypto, for me this is one of my long term holds, let's see where we are in a couple of years
and not days/weeks and months. August 30, 2014, 08:04:34 AM
I'm about to firesale some naut off on cryptsy if anyone wants cheap coins I'm selling and I don't give a F what tbey go for im done with naut.
August 30, 2014, 07:56:46 AM
Lack of updates is what's frustrating me.
we appear to be at a stalemate with really low volume which means to me that the market is reacting to whats going on with this coin (nothing).
my confidence is dropping and so is the price and volume.
How can we promote a coin as a community when
a)the blockchain does not run smoothly (we are all aware of these issues)
b)we dont know when POS is coming or any of the details for that matter
c)theres no clear road map as to where Naut is going ( i know it "may" be detailed in BK's book) BUT we dont know about that either )
Im not trying to spread FUD but i know alot of you feel the same way.
Whats the incentive to hold naut because this stuff is not appealing to new investors or any investors for that matter.
Is Bk going to use his Profile to promote naut some more or has he had enough of that too, i seem to remember some promotion on podcasts and articles stuff like that now there is nothing.
Again im not trying to be negative but this is the reality of the situation.
I agree! Right now it´s at 13k on mintpal :/we appear to be at a stalemate with really low volume which means to me that the market is reacting to whats going on with this coin (nothing).
my confidence is dropping and so is the price and volume.
How can we promote a coin as a community when
a)the blockchain does not run smoothly (we are all aware of these issues)
b)we dont know when POS is coming or any of the details for that matter
c)theres no clear road map as to where Naut is going ( i know it "may" be detailed in BK's book) BUT we dont know about that either )
Im not trying to spread FUD but i know alot of you feel the same way.
Whats the incentive to hold naut because this stuff is not appealing to new investors or any investors for that matter.
Is Bk going to use his Profile to promote naut some more or has he had enough of that too, i seem to remember some promotion on podcasts and articles stuff like that now there is nothing.
Again im not trying to be negative but this is the reality of the situation.
Oh good. Time to buy more for me.
BK actually was on TV on CNBC recently (I don't have the clip) and talked about NAUT there.
It was also mentioned in an article he was involved in (linked a couple pages back). Is also in his book I believe being published in September and available through multiple retailers both physical and online. I post weekly updates on my development of Nautijobs.
Him and Bryce (from Blocktech) both have agreed NOT to place ETAs due to a number of reasons, including but not limited to not being able to meet those deadlines.
The proof of stake method is completely new and unseen before (according to something Bryce told us on IRC) that being the case NOT saying what it is yet prevents copy cats until release our near to release.
If they do post what it is specifically then I would expect release shortly after.
Yep, you're right, very little news, or information... For those who don't pay attention.
Now for another couple of days of silence. Wedding in 6.5 he's.
August 30, 2014, 07:36:04 AM
Lack of updates is what's frustrating me.
we appear to be at a stalemate with really low volume which means to me that the market is reacting to whats going on with this coin (nothing).
my confidence is dropping and so is the price and volume.
How can we promote a coin as a community when
a)the blockchain does not run smoothly (we are all aware of these issues)
b)we dont know when POS is coming or any of the details for that matter
c)theres no clear road map as to where Naut is going ( i know it "may" be detailed in BK's book) BUT we dont know about that either )
Im not trying to spread FUD but i know alot of you feel the same way.
Whats the incentive to hold naut because this stuff is not appealing to new investors or any investors for that matter.
Is Bk going to use his Profile to promote naut some more or has he had enough of that too, i seem to remember some promotion on podcasts and articles stuff like that now there is nothing.
Again im not trying to be negative but this is the reality of the situation.
I agree! Right now it´s at 13k on mintpal :/ we appear to be at a stalemate with really low volume which means to me that the market is reacting to whats going on with this coin (nothing).
my confidence is dropping and so is the price and volume.
How can we promote a coin as a community when
a)the blockchain does not run smoothly (we are all aware of these issues)
b)we dont know when POS is coming or any of the details for that matter
c)theres no clear road map as to where Naut is going ( i know it "may" be detailed in BK's book) BUT we dont know about that either )
Im not trying to spread FUD but i know alot of you feel the same way.
Whats the incentive to hold naut because this stuff is not appealing to new investors or any investors for that matter.
Is Bk going to use his Profile to promote naut some more or has he had enough of that too, i seem to remember some promotion on podcasts and articles stuff like that now there is nothing.
Again im not trying to be negative but this is the reality of the situation.
August 29, 2014, 06:22:59 PM
Lack of updates is what's frustrating me.
we appear to be at a stalemate with really low volume which means to me that the market is reacting to whats going on with this coin (nothing).
my confidence is dropping and so is the price and volume.
How can we promote a coin as a community when
a)the blockchain does not run smoothly (we are all aware of these issues)
b)we dont know when POS is coming or any of the details for that matter
c)theres no clear road map as to where Naut is going ( i know it "may" be detailed in BK's book) BUT we dont know about that either )
Im not trying to spread FUD but i know alot of you feel the same way.
Whats the incentive to hold naut because this stuff is not appealing to new investors or any investors for that matter.
Is Bk going to use his Profile to promote naut some more or has he had enough of that too, i seem to remember some promotion on podcasts and articles stuff like that now there is nothing.
Again im not trying to be negative but this is the reality of the situation.
we appear to be at a stalemate with really low volume which means to me that the market is reacting to whats going on with this coin (nothing).
my confidence is dropping and so is the price and volume.
How can we promote a coin as a community when
a)the blockchain does not run smoothly (we are all aware of these issues)
b)we dont know when POS is coming or any of the details for that matter
c)theres no clear road map as to where Naut is going ( i know it "may" be detailed in BK's book) BUT we dont know about that either )
Im not trying to spread FUD but i know alot of you feel the same way.
Whats the incentive to hold naut because this stuff is not appealing to new investors or any investors for that matter.
Is Bk going to use his Profile to promote naut some more or has he had enough of that too, i seem to remember some promotion on podcasts and articles stuff like that now there is nothing.
Again im not trying to be negative but this is the reality of the situation.
August 29, 2014, 04:06:21 PM
Again, NAUT is one of the best coins out there...
I am holding and it is the highest amount of coin I held so far.
I am holding and it is the highest amount of coin I held so far.
But please explain me why is it great?
You have two opinions up there from concern investors both have a point.
I’m here for some time but till now I was only reading, since I’m also a Naut investor committed to this coin and concerned about its feature I want share my opinion with you.
What seems to be a big flow in here is lack of transparency. You do not know what this POS gone be. So there is no way to tell if 3 months to developed it is long or not. But since we don’t know and this is a quick changing market people loos interest in Naut. I know what skilled IT engineer can accomplish in a month and several times I’ve heard from investors that one critical factor for the project is Time To Market and it seems to me that this factor in not taken to account here.
Lack of real community is another think. I won’t go in to details. I’m not aiming to insult anyone, but see Burst Coin and its bitcointalk page. It is a good example of leaving community. They started from scratch few weeks ago since they use Java and new algo they did not even have a pool software. Now it’s ready and working. In 2 weeks they wrote pool and now they are writing it’s new version and multipool. Mark my words they will deliver it quicker than Naut community will deliver it’s POS (sorry for bitterness here).
The list of things to do here is not changing very much. And this is because no new people appear in the project. In my opinion this is caused by this secrecy about POS. No road map no idea what this is, how it’s going to work and when it will be delivered?
Lack of Naut economy or any new ideas to use the coin. You just want to keep it?
You are talking that Naut along BTC, LTC etc. will be used for micro payments but how can that happen if it happens that we need 6h for single confirmation?
What is happening here I would call a believers in BK. Don’t get me wrong I see that BK is committed there will be a book etc. but to trade you need merchandise and here we still have only promises and time is running out.
BK it’s time to answer a question do you want to have community here (then you have to be more open on what the plans are and what is the time frame to achieve it. Maybe then we will have new devs to help with multipool for example) or do you want believers lessening to every your word committed to follow you, but not committed to work for this project just waiting to miracle to happen.
I doubt BK will give us a date until it's finished and I think the code is supposed to be secret so it doesn't get copied.
I agree there's an issue getting projects started and that's why I recommended an official escrow/development fund so the community could set up some bounties.
August 29, 2014, 02:40:36 PM
i have to admit, i'm getting a little impatient. I was hoping PoS would be done a month ago. 
August 29, 2014, 12:25:56 PM
Again, NAUT is one of the best coins out there...
I am holding and it is the highest amount of coin I held so far.
I am holding and it is the highest amount of coin I held so far.
But please explain me why is it great?
You have two opinions up there from concern investors both have a point.
I’m here for some time but till now I was only reading, since I’m also a Naut investor committed to this coin and concerned about its feature I want share my opinion with you.
What seems to be a big flow in here is lack of transparency. You do not know what this POS gone be. So there is no way to tell if 3 months to developed it is long or not. But since we don’t know and this is a quick changing market people loos interest in Naut. I know what skilled IT engineer can accomplish in a month and several times I’ve heard from investors that one critical factor for the project is Time To Market and it seems to me that this factor in not taken to account here.
Lack of real community is another think. I won’t go in to details. I’m not aiming to insult anyone, but see Burst Coin and its bitcointalk page. It is a good example of leaving community. They started from scratch few weeks ago since they use Java and new algo they did not even have a pool software. Now it’s ready and working. In 2 weeks they wrote pool and now they are writing it’s new version and multipool. Mark my words they will deliver it quicker than Naut community will deliver it’s POS (sorry for bitterness here).
The list of things to do here is not changing very much. And this is because no new people appear in the project. In my opinion this is caused by this secrecy about POS. No road map no idea what this is, how it’s going to work and when it will be delivered?
Lack of Naut economy or any new ideas to use the coin. You just want to keep it?
You are talking that Naut along BTC, LTC etc. will be used for micro payments but how can that happen if it happens that we need 6h for single confirmation?
What is happening here I would call a believers in BK. Don’t get me wrong I see that BK is committed there will be a book etc. but to trade you need merchandise and here we still have only promises and time is running out.
BK it’s time to answer a question do you want to have community here (then you have to be more open on what the plans are and what is the time frame to achieve it. Maybe then we will have new devs to help with multipool for example) or do you want believers lessening to every your word committed to follow you, but not committed to work for this project just waiting to miracle to happen.
August 29, 2014, 11:25:23 AM
still need 5 more teams for fantasy.......... hit me up if you want in
August 29, 2014, 08:04:29 AM
Again, NAUT is one of the best coins out there...
I am holding and it is the highest amount of coin I held so far.
I am holding and it is the highest amount of coin I held so far.
August 29, 2014, 06:56:44 AM
I’m very patient but have to say something. Crypto is all about to be fast, and 2 months of announcing and not delivering POS in Naut is definitely not fast. I’m not pump and dump investor, I’m not waiting for 500% rise in 24h after POS (which BTW will not happen, because people “bought” NAUT POS a few times in the past, and there is almost no one left to jump in the train now) so I am for steady rise and I am satisfied with actual price (bought much lower). But all this POS is a big flaw. Maybe it is a mistake, maybe two months ago POW should be just repaired. It is ridiculous to wait 6 hours for a single confirmation, there are many coins without a dev for months, which works better... Look at just one example BURST coin, 3 weeks old, 200 pages on bitcointalk, dev made a completely new algo - HDD mining, week ago he made pool from scratch, and now he makes another its version, great block explorer. It is how fast and adaptive crypto should be. Don’t misunderstood me I think NAUT is great coin, and BK makes a lot, but this POS thing...
I totaly agree with you. The most irritating thing is to see the same 3 persons (FlyingMongoose , IncreaseMyT, Doging ) talking with each other and trying to convince everybody about things coming, these people work for NAUT. One (IncreaseMyT) is showing charts, and giving coments on the charts..that are totaly wrong, he doesn't understand.
While I hold the community manager title which I am willing to share, that's where my affiliation stops. All the NAUT I have is NAUT I have mined or purchased myself. The only other capacity I have is Nautijobs which is my own project, while BK likes and supports the idea, I so far have no financial contributions from anyone in my transaction logs on my wallet. One person some time ago decided to just give me 200 NAUT for the work I had done so far (articles and reddit theme by that time).
I am holding long term because I truly believe in this coin and the ideas behind it, I am also founding Nautijobs for the same reason.
Now to resume my silence as my wedding is tomorrow.
Don't forget to vote
http://www.btc38.com/trade/vote_for_trade.html
https://bter.com/voting
https://hitbtc.com/vote
https://www.swaphole.com/#!voting
http://www.betbycoin.com/coinvotes/
To Do:
Release Proof of Stake Wallet - Being Worked on by Blocktech
Mobile Wallet App - (Doesn't NEED to stake, but would be nice).
Multipool
Official block explorer - The NautInsight one is nice, but it's not marked as official (it wouldn't hurt to have that block explorer moved to the nautiluscoin domain)
Video(s) - Make Nautiluscoin promo videos!
Come up with more plans to get naut into the hands of more people and more in the public eye
Setup public bounty donation wallet
- Nautiluscoin Community Manager
- - Note that much of my posts are my own observations and opinions and not necessarily representative of Nautiluscoin itself.
- Founder of Nautijobs
August 29, 2014, 03:26:22 AM
The escrow should be official and used for promotion, call it the NAUT Activity Fund [NAF] or something like that.
Bounties that achieve their target could go straight to NautiJobs.
Refunds if targets aren't reached should encourage more investment.
I'd much rather donate knowing I get my coins back after a week or two if it doesn't happen.
this is a really good idea!
August 28, 2014, 11:05:58 PM
Sure thing, once I filled the league I was going to ask if anyone had any good ideas for the escrow???
Let me know as I said previously I would rather not hold it
Let me know what you guys think is best, we have some time before we have to worry pertaining to the FFL, as long as we collect by Tue we will be good.
I am pumped.
PS if you have never played fantasy football before do not be discouraged, the draft will always show you the top ranked players, I have seen players win on their first year playing multiple times. Due to injury's it comes down to luck a little bit, and most importantly in season management.
Let me know as I said previously I would rather not hold it
Let me know what you guys think is best, we have some time before we have to worry pertaining to the FFL, as long as we collect by Tue we will be good.
I am pumped.
PS if you have never played fantasy football before do not be discouraged, the draft will always show you the top ranked players, I have seen players win on their first year playing multiple times. Due to injury's it comes down to luck a little bit, and most importantly in season management.
The escrow should be official and used for promotion, call it the NAUT Activity Fund [NAF] or something like that.
Bounties that achieve their target could go straight to NautiJobs.
Refunds if targets aren't reached should encourage more investment.
I'd much rather donate knowing I get my coins back after a week or two if it doesn't happen.
August 28, 2014, 08:30:49 PM
Sure thing, once I filled the league I was going to ask if anyone had any good ideas for the escrow???
Let me know as I said previously I would rather not hold it
Let me know what you guys think is best, we have some time before we have to worry pertaining to the FFL, as long as we collect by Tue we will be good.
I am pumped.
PS if you have never played fantasy football before do not be discouraged, the draft will always show you the top ranked players, I have seen players win on their first year playing multiple times. Due to injury's it comes down to luck a little bit, and most importantly in season management.
Let me know as I said previously I would rather not hold it
Let me know what you guys think is best, we have some time before we have to worry pertaining to the FFL, as long as we collect by Tue we will be good.
I am pumped.
PS if you have never played fantasy football before do not be discouraged, the draft will always show you the top ranked players, I have seen players win on their first year playing multiple times. Due to injury's it comes down to luck a little bit, and most importantly in season management.
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