[ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 195.

FlyingMongoose

full member

Activity: 238

Merit: 100

Quote from: boogi on August 14, 2014, 08:14:28 AM

Hey guys are there any plans in the future to make the trading activity and balance of the NSF completely transparent? Is it possible to do so without people gaming it?

Probably once there's an auto-trading system. The entire purpose of the NSF is to prevent people from gaming the system in the first place. Well... prevent them from gaming it too much anyway. (It's not a failsafe, it's more of a speed bump)

boogi

member

Activity: 105

Merit: 10

Hey guys are there any plans in the future to make the trading activity and balance of the NSF completely transparent? Is it possible to do so without people gaming it?

kehtolo

hero member

Activity: 707

Merit: 500

You're correct!

cypz

full member

Activity: 195

Merit: 100

Quote from: BK_PHI on August 14, 2014, 07:19:12 AM

HitBTC

I have decided against making a market at HitBTC. This has nothing to do with the exchange, I think it is just best to concentrate NSF and market making on exchanges that have the volume.

-BK

yea i agree about concentrating the NSF to the highest volume exchanges so the NSF can bring the most effect.

seems alot of volume has dropped from mintpal but theres still trading going on, mintpal and bittrex seem like the best places volume wise atm, somone correct me if im wrong =)

BK_PHI

full member

Activity: 210

Merit: 100

HitBTC

I have decided against making a market at HitBTC. This has nothing to do with the exchange, I think it is just best to concentrate NSF and market making on exchanges that have the volume.

-BK

Doging

hero member

Activity: 1036

Merit: 500

Quote from: FlyingMongoose on August 14, 2014, 04:56:58 AM

Quote from: Doging on August 14, 2014, 04:52:08 AM

It might be time to focus on the multipool. Would love to have that ready for launch.

Honestly if I were a multipool provider. Such as Hashcows or similar. I would have added NAUT payouts long ago. The stuck blocks have been making it worthwhile for... Well months now. But that's just me.

Do you think it's worth putting an ad in the marketplace section or contacting existing providers?

FlyingMongoose

full member

Activity: 238

Merit: 100

Quote from: Doging on August 14, 2014, 04:52:08 AM

It might be time to focus on the multipool. Would love to have that ready for launch.

Honestly if I were a multipool provider. Such as Hashcows or similar. I would have added NAUT payouts long ago. The stuck blocks have been making it worthwhile for... Well months now. But that's just me.

Doging

hero member

Activity: 1036

Merit: 500

It might be time to focus on the multipool. Would love to have that ready for launch.

FlyingMongoose

full member

Activity: 238

Merit: 100

Quote from: Vlad2Vlad on August 13, 2014, 11:25:38 PM

Quote from: brookefinancial on August 13, 2014, 08:55:24 PM

Quote from: IncreaseMyT on August 13, 2014, 08:32:03 PM

if your waiting for POS to get some naut, your gonna miss the boat.

I already started accumulating I'm just wondering if they are still going to talk about it in 1 month.

BK is a deep pocket guy with a rep to uphold so I doubt he's gonna let NAUT die in a month.

I sure hope people keep talking about it in one month. otherwise I'd be wasting my time on what I'm doing. But hopefully it should help support the coin. I personally agree with long term hold because. Well I have been accumulating since day one. As of right now no matter where the coin sits I'm all profit (since when i was mining I wasn't paying for power.) I don't have a whole lot but I like where I'm at.
Another benefit to BK is his presence on CNBC. He talks about NAUT every chance he gets on there. This often helps provide outside investment.

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!
~~Website update - Front page update~~ being done prior to proof of stake
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.

Lord Of The Internet

full member

Activity: 204

Merit: 100

hahah.

yes, 25k is a good amount. anyone selling now deserves to get slapped.

brianbbad

sr. member

Activity: 423

Merit: 250

Quote from: Lord Of The Internet on August 14, 2014, 12:50:57 AM

i've been in this thread a while (in crypto time) and was very impatient for PoS ... especially during the july dip that looked like a deathspiral at the time.

but now, i think it really will be soon. If i had to guess, i'd say PoS will be implemented by the end of august, at least.

I'm inclined to believe someone named Lord of the Internet Cool

Seriously though, I've got about 25k NAUT and I won't be loosening my grip anytime soon.

Lord Of The Internet

full member

Activity: 204

Merit: 100

Quote from: brookefinancial on August 13, 2014, 08:55:24 PM

Quote from: IncreaseMyT on August 13, 2014, 08:32:03 PM

if your waiting for POS to get some naut, your gonna miss the boat.

I already started accumulating I'm just wondering if they are still going to talk about it in 1 month.

i've been in this thread a while (in crypto time) and was very impatient for PoS ... especially during the july dip that looked like a deathspiral at the time.

but now, i think it really will be soon. If i had to guess, i'd say PoS will be implemented by the end of august, at least.

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Quote from: brookefinancial on August 13, 2014, 08:55:24 PM

Quote from: IncreaseMyT on August 13, 2014, 08:32:03 PM

if your waiting for POS to get some naut, your gonna miss the boat.

I already started accumulating I'm just wondering if they are still going to talk about it in 1 month.

BK is a deep pocket guy with a rep to uphold so I doubt he's gonna let NAUT die in a month.

brookefinancial

sr. member

Activity: 406

Merit: 250

Quote from: IncreaseMyT on August 13, 2014, 08:32:03 PM

if your waiting for POS to get some naut, your gonna miss the boat.

I already started accumulating I'm just wondering if they are still going to talk about it in 1 month.

IncreaseMyT

sr. member

Activity: 406

Merit: 250

if your waiting for POS to get some naut, your gonna miss the boat.

BTCrawl

full member

Activity: 154

Merit: 100

Quote from: brookefinancial on August 13, 2014, 07:14:12 PM

When are you guys expecting the PoS switch, it looks like they've been talking about for a long time (in crypto time)?

Is there some deadline, road map, updates recently?

BK hasn't wanted to give a set deadline, to make sure that what is released is 100% tried and tested. He did however post today that they're building a new website, and he thinks PoS will be ready before then. So I guess it depends on how fast his team is on building websites! Cheesy

Also a lot of traders who know Bryce Weiner (the head developer) personally have started to talk about Naut a lot on Twitter and IRC these last few days. Putting these two together I would guess it's pretty close, but again there's nothing definite yet. I think BK said he wanted to under-promise and over-deliver

Doging

hero member

Activity: 1036

Merit: 500

Quote from: brookefinancial on August 13, 2014, 07:08:51 PM

Quote from: Doging on August 13, 2014, 07:03:46 PM

Quote from: BTCrawl on August 13, 2014, 06:47:14 PM

Quote from: brookefinancial on August 13, 2014, 06:38:08 PM

I find this coin very interesting on a financial point of view. How to you guys reduces volatility on the market?

It seems to be working very well because the altcoin market is getting burned right now and NautilsCoin is pretty strong.

We could see a small correction from "Profit Taking" but I bought at 16K recently now 17K. The chart is very healthy in these conditions.

BK created a stability fund by pre-mining a number of coins, and selling a portion of them at a fairly high price. He's now using it to trade to reduce volatility, without taking any of the profits out. He's having a trading bot built to automate the process, and will release it after we switch to PoS. It's a classic Wall Street technique to prevent flash crashes etc, and it will work much, much better under PoS since we're dealing with a huge inflation right now.

It's one of the things that makes Nautiluscoin truly unique in my opinion, as it's not something that can be easily copied. Most people are not going to take a large sum of money and use it purely to stabilize the price, when they can just as easily run away with it. BK of course can't do that due to him having a reputation to protect, and since almost everyone in crypto are anonymous they can't build up the trust needed to make it effective.

The sustained support is starting to put peoples minds at rest. I wasn't even worried when bitcoin tanked today.

Exactly, that's what drew my attention. The leadership against the other cryptocurrencies. I'm okay (for the moment) because I'm into Supercoin, one of the strongest crypto lately with Nautilus in term of charts.

But I like the fact that this cryptocurrency is run by someone who understand finance. 90% of cryptos are run by geeks who try to scam people.

This could actually be a long-term holding. And this is a huge statement in this market.

I've been in NAUT for months and bought every dip. I think this is a long-term hold because I go days without checking the price & I haven't done that since I was in DRK.

brookefinancial

sr. member

Activity: 406

Merit: 250

Quote from: BTCrawl on August 13, 2014, 07:06:01 PM

Quote from: brookefinancial on August 13, 2014, 06:55:38 PM

Quote from: BTCrawl on August 13, 2014, 06:47:14 PM

Quote from: brookefinancial on August 13, 2014, 06:38:08 PM

I find this coin very interesting on a financial point of view. How to you guys reduces volatility on the market?

It seems to be working very well because the altcoin market is getting burned right now and NautilsCoin is pretty strong.

We could see a small correction from "Profit Taking" but I bought at 16K recently now 17K. The chart is very healthy in these conditions.

BK created a stability fund by pre-mining a number of coins, and selling a portion of them at a fairly high price. He's now using it to trade to reduce volatility, without taking any of the profits out. He's having a trading bot built to automate the process, and will release it after we switch to PoS. It's a classic Wall Street technique to prevent flash crashes etc, and it will work much, much better under PoS since we're dealing with a huge inflation right now.

It's one of the things that makes Nautiluscoin truly unique in my opinion, as it's not something that can be easily copied. Most people are not going to take a large sum of money and use it purely to stabilize the price, when they can just as easily run away with it. BK of course can't do that due to him having a reputation to protect, and since almost everyone in crypto are anonymous they can't build up the trust needed to make it effective.

So if I'm not mistaken the trading bot is not build yet there is actually some traders "on the floor" making sure the price remains stable?

I suppose the lack of a "trading bot" can explain the little shakeout in july. It actually makes a very good H&S Bottom with the trading volume at the right place.

Yup it's run by BK and his financial team right now. I do think the shakeout was due to delays with the PoS transition though. The previous dev kept promising deadlines that he couldn't deliver, so BK finally terminated his contract and hired Blocktech instead. I can't remember exactly, but I think it was the delays and miners dumping that caused the pricedrop more than anything. Now that BK is working with Blocktech it's a different story, and people are buying in again. Most of the big players have already taken their positions a long time ago though, so we're not seeing crazy volume right now.

Once we get the PoS switch (which will hopefully be soon!) we'll reduce the inflation from around 1% daily to somewhere around 2% a year! It will also fix the slow transaction times. From what I hear BK and Blocktech is also working on a rather unique variation of PoS, so that might give Nautiluscoin a technical, rather than purely economical, selling point.

Personally I expect a huge influx of buyers when they finally get it going, and almost all of the really good traders I've talked to say the same thing. I really think Nautiluscoin will be THE altcoin this year, similarly to how Litecoin was last year.

When are you guys expecting the PoS switch, it looks like they've been talking about for a long time (in crypto time)?

Is there some deadline, road map, updates recently?

brookefinancial

sr. member

Activity: 406

Merit: 250

Quote from: Doging on August 13, 2014, 07:03:46 PM

Quote from: BTCrawl on August 13, 2014, 06:47:14 PM

Quote from: brookefinancial on August 13, 2014, 06:38:08 PM

I find this coin very interesting on a financial point of view. How to you guys reduces volatility on the market?

It seems to be working very well because the altcoin market is getting burned right now and NautilsCoin is pretty strong.

We could see a small correction from "Profit Taking" but I bought at 16K recently now 17K. The chart is very healthy in these conditions.

BK created a stability fund by pre-mining a number of coins, and selling a portion of them at a fairly high price. He's now using it to trade to reduce volatility, without taking any of the profits out. He's having a trading bot built to automate the process, and will release it after we switch to PoS. It's a classic Wall Street technique to prevent flash crashes etc, and it will work much, much better under PoS since we're dealing with a huge inflation right now.

It's one of the things that makes Nautiluscoin truly unique in my opinion, as it's not something that can be easily copied. Most people are not going to take a large sum of money and use it purely to stabilize the price, when they can just as easily run away with it. BK of course can't do that due to him having a reputation to protect, and since almost everyone in crypto are anonymous they can't build up the trust needed to make it effective.

The sustained support is starting to put peoples minds at rest. I wasn't even worried when bitcoin tanked today.

Exactly, that's what drew my attention. The leadership against the other cryptocurrencies. I'm okay (for the moment) because I'm into Supercoin, one of the strongest crypto lately with Nautilus in term of charts.

But I like the fact that this cryptocurrency is run by someone who understand finance. 90% of cryptos are run by geeks who try to scam people.

This could actually be a long-term holding. And this is a huge statement in this market.

BTCrawl

full member

Activity: 154

Merit: 100

Quote from: brookefinancial on August 13, 2014, 06:55:38 PM

Quote from: BTCrawl on August 13, 2014, 06:47:14 PM

Quote from: brookefinancial on August 13, 2014, 06:38:08 PM

I find this coin very interesting on a financial point of view. How to you guys reduces volatility on the market?

It seems to be working very well because the altcoin market is getting burned right now and NautilsCoin is pretty strong.

We could see a small correction from "Profit Taking" but I bought at 16K recently now 17K. The chart is very healthy in these conditions.

BK created a stability fund by pre-mining a number of coins, and selling a portion of them at a fairly high price. He's now using it to trade to reduce volatility, without taking any of the profits out. He's having a trading bot built to automate the process, and will release it after we switch to PoS. It's a classic Wall Street technique to prevent flash crashes etc, and it will work much, much better under PoS since we're dealing with a huge inflation right now.

It's one of the things that makes Nautiluscoin truly unique in my opinion, as it's not something that can be easily copied. Most people are not going to take a large sum of money and use it purely to stabilize the price, when they can just as easily run away with it. BK of course can't do that due to him having a reputation to protect, and since almost everyone in crypto are anonymous they can't build up the trust needed to make it effective.

So if I'm not mistaken the trading bot is not build yet there is actually some traders "on the floor" making sure the price remains stable?

I suppose the lack of a "trading bot" can explain the little shakeout in july. It actually makes a very good H&S Bottom with the trading volume at the right place.

Yup it's run by BK and his financial team right now. I do think the shakeout was due to delays with the PoS transition though. The previous dev kept promising deadlines that he couldn't deliver, so BK finally terminated his contract and hired Blocktech instead. I can't remember exactly, but I think it was the delays and miners dumping that caused the pricedrop more than anything. Now that BK is working with Blocktech it's a different story, and people are buying in again. Most of the big players have already taken their positions a long time ago though, so we're not seeing crazy volume right now.

Once we get the PoS switch (which will hopefully be soon!) we'll reduce the inflation from around 1% daily to somewhere around 2% a year! It will also fix the slow transaction times. From what I hear BK and Blocktech is also working on a rather unique variation of PoS, so that might give Nautiluscoin a technical, rather than purely economical, selling point.

Personally I expect a huge influx of buyers when they finally get it going, and almost all of the really good traders I've talked to say the same thing. I really think Nautiluscoin will be THE altcoin this year, similarly to how Litecoin was last year.

Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 195. (Read 901856 times)