Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 212. (Read 901856 times)

Yeah, I guess you have a point

As for the Moolah taking over Mintpal, I'm not sure how to feel about that to be honest. Hopefully it'll turn out to be a good thing, especially since BK and Moolah have been talking about a partnership!

im surprised you havent ignored nutildah yet, i would recommend it as the last few post by this clearly unintellegent person have been going around in circles not getting anywhere. Its sparking bs conversation and it just needs to stop, try not to reply to nutildah just ignore everything said by this user and you'll have a good day =)


So how about that moolah taking over mintpal news.

Great stuff imo

How do you know? You throw wild accusations, personal opinions and ad hominems around without a shred of evidence.

But the regulation Brian Kelly is asking for will be written by lobbyists on behalf of the financial industry, and they will write the rules to their advantage and to the disadvantage of everybody else.

Thanks BTCrawl, allow me to break it down and translate it;
"Whether we like it or not regulation is coming." - He is accepting the inevitable attempt at regulation by governing bodies.
"I am a free market capitalist at heart and therefore believe in as little regulation as possible...but I also understand that I must work within the constraints of reality." - Here he is pointing out he dislikes regulation as much as the next guy, and would have no interest on enforcing regulation, however, it is an inevitability, so he will have to accept it when it comes.
"Therefore, I think it is better to be involved in regulation so that we can shape how it is formed." - Allow the crypto community to write the policies on that regulation, instead of the governing bodies.

I hope my translations make sense to people, because it's really not possible to get any clearer than that, though I can dumb it it down; "Crypto good, regulation bad, but will happen anyway, might as well work with it."

Thanks BTCrawl, allow me to break it down and translate it;
"Whether we like it or not regulation is coming." - He is accepting the inevitable attempt at regulation by governing bodies.
"I am a free market capitalist at heart and therefore believe in as little regulation as possible...but I also understand that I must work within the constraints of reality." - Here he is pointing out he dislikes regulation as much as the next guy, and would have no interest on enforcing regulation, however, it is an inevitability, so he will have to accept it when it comes.
"Therefore, I think it is better to be involved in regulation so that we can shape how it is formed." - Allow the crypto community to write the policies on that regulation, instead of the governing bodies.

I hope my translations make sense to people, because it's really not possible to get any clearer than that, though I can dumb it it down; "Crypto good, regulation bad, but will happen anyway, might as well work with it."

I think it's a good idea to re-post this part of BKs last post to outweigh some of the misinformation:
"Regulation - Whether we like it or not regulation is coming.  I am a free market capitalist at heart and therefore believe in as little regulation as possible...but I also understand that I must work within the constraints of reality.  Therefore, I think it is better to be involved in regulation so that we can shape how it is formed."

ok you made your point , we all heard your views many times but obviously nobody is interested in engaging in the convo about it here, why not start a thread and a discussion with like minded people post a link here and invite people who want to participate, instead you are just repeating same thing to same 5 people that are active in this thread, you are wasting time if you believe cypto is in danger start an awareness campaign instead trying to get a rise out of 5 people here who are obviously not that interested. i wish you nothing but the best in your efforts .

Look, if America regulates crypto, it will only be a matter of time before other federal governments attempt to do so as well.

Face the facts: your hero Brian Kelly is trying to regulate crypto. He may be able to succeed in America but he will not succeed on a worldwide level -- that is a given.

I stand by everything I said in the past. There is nothing contradictory about the nature of what I said. I am 100% confident the U.S. government will attempt to further regulate cryptocurrency in the future on behalf of Wall Street and there will be a pushback movement against this, as is already happening.

How is America going to regulate crypto worldwide? Even the Chinese government can't stop it being used for it's intended purpose, their regulations actually pushed bankers out of bitcoin because they're the only ones that had to follow them.

Will they be shutting down the internet or confiscating every single wallet? Look at bit-torrent, still going strong after all these years.

I believe there is a misunderstanding as to what the NSF actually is. It's not a means to regulation (as above me stated that's simply not possible), it is a means to help enforce acceptance. It's also been pointed out a 1% premine is by no means the amount necessary to ENFORCE any price (only slow down movement a little).

While the few businesses accepting bitcoin right now are pointing out what they DO transact in bitcoin is making them money, it's still a very high risk, because bitcoin within the 8-12 (even 14) hour work day can fluctuate in value so much so that there is a margin for error of projected losses for accepting bitcoin (seriously this will become a market standard term if it remains in current state).

The idea behind the NSF can be equated to this;
A small business owner keeps cash in safe until the end of the day.

At the end of the day he takes his cash (presumably with a bag with a $ symbol on it, because that's the only thing that makes sense) to the bank. Between receiving that cash, and taking it to the bank, the small business owner knows that each dollar will remain it's value.

The current state of crypto (and bitcoin) is like having that cash sack expand and decrease constantly, for a SMALL business owner that is potentially too high a risk. It'd be like once in a while he decides to put his money into a sack with a hole in it (bag holders, right?).

The NSF idea is to help the small businesses (by the end of each day), know that they're going to receive the financial compensation for their work as was agreed upon.

Here's where legal matters come in. Many businesses who accept crypto currencies do so under the stipulation that the transaction is representative of the fiat currency represented by the crypto. This means that often your legal transaction under bitcoin unless IMMEDIATELY transacted to the fiat representation, may end up with you paying less (great for you), but you used a card and signed a receipt, you're now under legal obligation to provide that difference otherwise you're stealing. This is crypto in it's CURRENT state, now we all hope to see it become a standard of trade and we'd love to see it just replace fiat, and while we all clamor for that future it's a bit of a way's off. NAUT's NSF is attempting to help those small businesses avoid that loss the big businesses can take the hit if it happens because they're already major huge businesses. But the little guy... no.

Oh, and on the comment made towards me on the 'we want less coins prior to proof of stake', I was only referencing one of the most basic laws of economics; supply and demand.

But here's the big benefit to NAUT, BK is not afraid to change the coin dependent on the climate; many people don't like Bryce (I personally have no opinion one way or the other as I have not had much interactions), but I'm sure Blocktech employees are plenty competent on getting their work done. I would also point out; you make enemies when you make money, especially in something like this, because SOMEONE is going to lose.

I still am buying NAUT (and loving these prices right now), but would love to see it go up.

@hcp are you still accepting NAUT donations for the Facebook campaign but matching fiat value?
You said you were keeping NAUT I just want to be sure how you're handling it before I push the donation address.
Example: I send you $20 worth of NAUT, and you match that out of pocket, leaving the NAUT in the wallet? (If so I'll update this post with it)

---

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
Come up with more plans to get naut into the hands of more people and more in the public eye

 - Nautiluscoin Community Manager
 - - Note that much of my posts are my own observations and opinions and not necessarily representative of Nautiluscoin itself.

LOL I agree

he seems to be clueless.  I tried to tell him you can't regulate it, you can try, but people are gonna do whatever they want in the privacy of their own home.

With crypto you can't regulate the end user, just the exchanges, but there will always be an exchange not regulated by US regulations, because crypto is worldwide.  You can't stop it, you can only slow it down, and not much from the rate of adoption, coin base added over a million wallets just last year.

How do you regulate digital property? Even if you regulate one another will pop up.  Spending too much time worrying about things like this is a waste, as we can see, crypto does what it wants, because its open source.

I remember months ago I posted something about BTC on FB and one of my friends goes "the owner of BTC just got arrested, they are gonna shut it down"

I didn't want to embarrass him but I wanted to call him an idiot.  There is no shutting down of the bitcoin or any other crypto, if you haven't notice already, regulation or no regulation, it has a mind of its own.

I believe there is a misunderstanding as to what the NSF actually is. It's not a means to regulation (as above me stated that's simply not possible), it is a means to help enforce acceptance. It's also been pointed out a 1% premine is by no means the amount necessary to ENFORCE any price (only slow down movement a little).

While the few businesses accepting bitcoin right now are pointing out what they DO transact in bitcoin is making them money, it's still a very high risk, because bitcoin within the 8-12 (even 14) hour work day can fluctuate in value so much so that there is a margin for error of projected losses for accepting bitcoin (seriously this will become a market standard term if it remains in current state).

The idea behind the NSF can be equated to this;
A small business owner keeps cash in safe until the end of the day.

At the end of the day he takes his cash (presumably with a bag with a $ symbol on it, because that's the only thing that makes sense) to the bank. Between receiving that cash, and taking it to the bank, the small business owner knows that each dollar will remain it's value.

The current state of crypto (and bitcoin) is like having that cash sack expand and decrease constantly, for a SMALL business owner that is potentially too high a risk. It'd be like once in a while he decides to put his money into a sack with a hole in it (bag holders, right?).

The NSF idea is to help the small businesses (by the end of each day), know that they're going to receive the financial compensation for their work as was agreed upon.

Here's where legal matters come in. Many businesses who accept crypto currencies do so under the stipulation that the transaction is representative of the fiat currency represented by the crypto. This means that often your legal transaction under bitcoin unless IMMEDIATELY transacted to the fiat representation, may end up with you paying less (great for you), but you used a card and signed a receipt, you're now under legal obligation to provide that difference otherwise you're stealing. This is crypto in it's CURRENT state, now we all hope to see it become a standard of trade and we'd love to see it just replace fiat, and while we all clamor for that future it's a bit of a way's off. NAUT's NSF is attempting to help those small businesses avoid that loss the big businesses can take the hit if it happens because they're already major huge businesses. But the little guy... no.

Oh, and on the comment made towards me on the 'we want less coins prior to proof of stake', I was only referencing one of the most basic laws of economics; supply and demand.

But here's the big benefit to NAUT, BK is not afraid to change the coin dependent on the climate; many people don't like Bryce (I personally have no opinion one way or the other as I have not had much interactions), but I'm sure Blocktech employees are plenty competent on getting their work done. I would also point out; you make enemies when you make money, especially in something like this, because SOMEONE is going to lose.

I still am buying NAUT (and loving these prices right now), but would love to see it go up.

@hcp are you still accepting NAUT donations for the Facebook campaign but matching fiat value?
You said you were keeping NAUT I just want to be sure how you're handling it before I push the donation address.
Example: I send you $20 worth of NAUT, and you match that out of pocket, leaving the NAUT in the wallet? (If so I'll update this post with it)

---

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
Come up with more plans to get naut into the hands of more people and more in the public eye

 - Nautiluscoin Community Manager
 - - Note that much of my posts are my own observations and opinions and not necessarily representative of Nautiluscoin itself.

It has been repeatedly pointed out the NSF fund was far too small to provide any major impact on price one way or the other. The primary thing it's been equated to is a "speed bump". So it's intent is to slow movement, not prevent it (which ultimately is better overall anyway).