Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 242. (Read 901856 times)

Quote from: BK_PHI on July 13, 2014, 05:20:05 PM

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

WE ~~Personally I~~ would prefer a date/schedules. This is not a game.

This is not a game. This is money.
Projections, Targets = parameters of building trust

So just repost what is known to damper the FUD

PoS Update

We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure. I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

If I could give exact date/time I would, but if we miss that date/time then trust is lost. I want this change to happen as much as anyone else as it has consumed WAY more of my TIME than I can afford to give!
-BK

BitcoinNational

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Join The Blockchain Revolution In Logistics

Quote from: scrypto on July 15, 2014, 04:31:27 AM

Quote from: FlyingMongoose on July 14, 2014, 10:33:03 PM

Quote from: BK_PHI on July 13, 2014, 05:20:05 PM

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

WE ~~Personally I~~ would prefer a date/schedules. This is not a game.

This is not a game. This is money.
Projections, Targets = parameters of building trust

So just repost what is known to damper the FUD

PoS Update

We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure. I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

Doging

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Nobody's parking btc on mintpal by the look of things and volume's up on cryptsy.

If beta testing starts Thursday mintpal might have restored confidence by then.

Here's a better chart for cryptsy in the meantime

https://cryptrader.com/charts/cryptsy/naut/btc

scrypto

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Quote from: FlyingMongoose on July 14, 2014, 10:33:03 PM

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

Because oh so very often has there been a rushed game release that was broken and ultimately caused the game, even majorly anticipated ones, to fail.

Ultimately, I consider all open source or freely developed or distributed software with this same attitude.

I would rather it take longer and completely work. Than be pushed out, cause problems and cause the coin to fail.

I am a programmer myself and have this attitude. I don't give quotes saying I will have it done in exactly 30 hours. No, I say that I can estimate about 30 hours worth of work. But there could be more.

Personally I would prefer a date/schedules. This is not a game.

FlyingMongoose

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Quote from: Doging on July 14, 2014, 06:59:53 PM

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

Because oh so very often has there been a rushed game release that was broken and ultimately caused the game, even majorly anticipated ones, to fail.

Ultimately, I consider all open source or freely developed or distributed software with this same attitude.

I would rather it take longer and completely work. Than be pushed out, cause problems and cause the coin to fail.

I am a programmer myself and have this attitude. I don't give quotes saying I will have it done in exactly 30 hours. No, I say that I can estimate about 30 hours worth of work. But there could be more.

folhowk

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When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

FlyingMongoose

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Merit: 100

Quote from: scrypto on July 14, 2014, 06:20:22 PM

Quote from: scrypto on July 14, 2014, 06:20:22 PM

ROADMAP ?

I am trying to evaluate my NAUT investment. Essential to know this week's, and this month's, and this summer's plans.
As it is difficult to nail down specific dates, it could also be like "probably end of July", or "late next week"; or give dates, with a lot of buffer time.

Is there a roadmap, a list of dates?
Planned announcements, whitepapers, next versions, coin features, merchant adoption, conference talks, press conferences, google hangouts, games, competitions, etc. pp. ?

Thank you very much!

(EDITED: more ideas)

Absolutely! BK is a busy guy and there's a lot to do. Cryptoworld moves fast. We should collate ideas, pool our skills/resources (under a project manager) and set bounties for a range of things naut related.

Is BK taking care of the multipool or should we start making arrangements now? Who owns http://nautpool.com/ ?

Not sure.

Don't forget to donate to the Facebook advertisement campaign (by hardcoreprime a.k.a. hcp)
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Don't forget to vote
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Doging

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ROADMAP ?

I am trying to evaluate my NAUT investment. Essential to know this week's, and this month's, and this summer's plans.
As it is difficult to nail down specific dates, it could also be like "probably end of July", or "late next week"; or give dates, with a lot of buffer time.

Is there a roadmap, a list of dates?
Planned announcements, whitepapers, next versions, coin features, merchant adoption, conference talks, press conferences, google hangouts, games, competitions, etc. pp. ?

Thank you very much!

(EDITED: more ideas)

Absolutely! BK is a busy guy and there's a lot to do. Cryptoworld moves fast. We should collate ideas, pool our skills/resources (under a project manager) and set bounties for a range of things naut related.

Is BK taking care of the multipool or should we start making arrangements now? Who owns http://nautpool.com/ ?

scrypto

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Merit: 100

Quote from: HKBvM on July 14, 2014, 05:38:15 PM

ROADMAP ?

I am trying to evaluate my NAUT investment. Essential to know this week's, and this month's, and this summer's plans.
As it is difficult to nail down specific dates, it could also be like "probably end of July", or "late next week"; or give dates, with a lot of buffer time.

Is there a roadmap, a list of dates?
Planned announcements, whitepapers, next versions, coin features, merchant adoption, conference talks, press conferences, google hangouts, games, competitions, etc. pp. ?

Thank you very much!

(EDITED: more ideas)

Absolutely! BK is a busy guy and there's a lot to do. Cryptoworld moves fast. We should collate ideas, pool our skills/resources (under a project manager) and set bounties for a range of things naut related.

scrypto

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Activity: 534

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Quote from: Will_C on July 13, 2014, 11:09:05 AM

Hello.

My name is Will and I'm a musician/youtube content creator (http://youtube.com/luckycriminalmusic) and a NautilusCoin enthusiast.

Wanted to introduce myself to the community as I have just created youtube.com/nautiluscoin and will be making some videos including step by step procedures regarding: Getting, Keeping and Using NautilusCoin. What is NautilusCoin? NAUT News - maybe?

As soon as POS is implemented I would like to get to it, and my current schedule should allow me to put the required hours in.

I also have a close friend who is a graphic designer/animator (http://www.brainfingermedia.com/) so we're covered visually as well.

While we await POS I would like to share this song/video: http://youtu.be/GyeEkVN68yY as I feel it expresses the current sentiments of the NautilusCoin/cryptocurrency community.

Thank you

- Will

I am just going to repost this, as I think it might have been overlooked a bit during the sell wall and vrc discussions. Just my opinion, but I think what he does is really good. Can only help to have him on board.

Nice one. Yeah! I had a listen to the tune and it's pretty good actually and has a well produced video.

Some Nautilus videos would be amazing

Would be great if we had something professional like the video at weusecoins.com but that shows how staking/minting works and what the NSF is etc.

HKBvM

sr. member

Activity: 398

Merit: 250

Quote from: Will_C on July 13, 2014, 11:09:05 AM

Hello.

My name is Will and I'm a musician/youtube content creator (http://youtube.com/luckycriminalmusic) and a NautilusCoin enthusiast.

Wanted to introduce myself to the community as I have just created youtube.com/nautiluscoin and will be making some videos including step by step procedures regarding: Getting, Keeping and Using NautilusCoin. What is NautilusCoin? NAUT News - maybe?

As soon as POS is implemented I would like to get to it, and my current schedule should allow me to put the required hours in.

I also have a close friend who is a graphic designer/animator (http://www.brainfingermedia.com/) so we're covered visually as well.

While we await POS I would like to share this song/video: http://youtu.be/GyeEkVN68yY as I feel it expresses the current sentiments of the NautilusCoin/cryptocurrency community.

Thank you

- Will

I am just going to repost this, as I think it might have been overlooked a bit during the sell wall and vrc discussions. Just my opinion, but I think what he does is really good. Can only help to have him on board.

scrypto

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Quote from: chocobo on July 14, 2014, 03:53:05 PM

Quote from: scrypto on July 14, 2014, 12:52:16 PM

I am not sure if a no-rollback code (NRC) can be implemented...but it seems to me, even with that type of code a 51% can still occur.

The real problem that digital assets need to solve is how to eliminate the 51% attack Achilles heal. Satoshi may have solved the Byzantine Generals Problem, but he/she/they did so by imposing certain assumptions - the biggest being that one entity could not control the network.

As I see it, the infrastructure of NAUT should be built on these items:

1.) The blockchain is sacred - it should never be changed.

Ideally this needs to be dealt with at a coding level. Personally I'll take your word that you wont change the blockchain but we'd be missing the point of crypto and the reason it's valuable. If there was some mechanism that could prevent rollbacks of the chain, e.g. real world time & date stamping of blocks and then verification to stop any kind of chain rewinding/duplication.

Perhaps a separate linked & synced sub chain used purely for validating dates in the primary chain. Not sure where I'm going with this just throwing it out there.. feel free to crush this idea with a dose of hard reality

2.) Compete with Economics - technical innovations can always be added, but human behavior rarely changes

I agree. technical innovations aren't necessarily a magic bullet. I like what doging is saying about NSF/premium bonds or other rewards for coin holders based on performance. We know most people like financial incentives for doing jack -that behaviour doesn't appear to be changing.

Quote from: scrypto on July 14, 2014, 12:52:16 PM

3.) Reduce single points of failure as much as technically possible, i.e., decentralize, decentralize, decentralize

So far we've seen more things go wrong as a result of exchange screw ups than coin architecture. IMO what the VRC devs did yesterday was a bad move and will kill their coin and others, but ultimately a good one for crypto in the long term as the code can evolve. I think I'll give satoshi a quick call and ask him what he thinks about decentralisation Wink

You just mean change the blockchain as in rollback? Not sure that code would work for that because the dev could just remove that code when he decides that a rollback is needed. The real defense against it would be users use the open source code to make a new wallet supported by a different dev and the majority support that version.

good point. voting for updated wallet code could work. I think code auditing by multiple parties will probably be a requirement soon.

glad NAUT is having this done by a respected third party.

chocobo

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Activity: 540

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I am not sure if a no-rollback code (NRC) can be implemented...but it seems to me, even with that type of code a 51% can still occur.

The real problem that digital assets need to solve is how to eliminate the 51% attack Achilles heal. Satoshi may have solved the Byzantine Generals Problem, but he/she/they did so by imposing certain assumptions - the biggest being that one entity could not control the network.

As I see it, the infrastructure of NAUT should be built on these items:

1.) The blockchain is sacred - it should never be changed.

Ideally this needs to be dealt with at a coding level. Personally I'll take your word that you wont change the blockchain but we'd be missing the point of crypto and the reason it's valuable. If there was some mechanism that could prevent rollbacks of the chain, e.g. real world time & date stamping of blocks and then verification to stop any kind of chain rewinding/duplication.

Perhaps a separate linked & synced sub chain used purely for validating dates in the primary chain. Not sure where I'm going with this just throwing it out there.. feel free to crush this idea with a dose of hard reality

2.) Compete with Economics - technical innovations can always be added, but human behavior rarely changes

I agree. technical innovations aren't necessarily a magic bullet. I like what doging is saying about NSF/premium bonds or other rewards for coin holders based on performance. We know most people like financial incentives for doing jack -that behaviour doesn't appear to be changing.

Quote from: SwedishGirl on July 14, 2014, 08:29:07 AM

3.) Reduce single points of failure as much as technically possible, i.e., decentralize, decentralize, decentralize

So far we've seen more things go wrong as a result of exchange screw ups than coin architecture. IMO what the VRC devs did yesterday was a bad move and will kill their coin and others, but ultimately a good one for crypto in the long term as the code can evolve. I think I'll give satoshi a quick call and ask him what he thinks about decentralisation Wink

You just mean change the blockchain as in rollback? Not sure that code would work for that because the dev could just remove that code when he decides that a rollback is needed. The real defense against it would be users use the open source code to make a new wallet supported by a different dev and the majority support that version.

Lord Of The Internet

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It's about PoS coins, so you thought wrong. You need 51% of network weight. So it's not 51% of all coins and not 51% of staking coins. Coin maturity also needs to be factored in the equation depending on what is maximum coin age. In general it's not a good idea to have a very big maximum coin age as that would in theory allow a person to get 51% of the weight with a very small percentage of coins if that person had the coins in the wallet for a very long time.

There is a worldwide shortage of swedish girls and we just acquired one. Exciting times.

Welcome to the nautilus thread!

scrypto

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Activity: 534

Merit: 100

I am not sure if a no-rollback code (NRC) can be implemented...but it seems to me, even with that type of code a 51% can still occur.

The real problem that digital assets need to solve is how to eliminate the 51% attack Achilles heal. Satoshi may have solved the Byzantine Generals Problem, but he/she/they did so by imposing certain assumptions - the biggest being that one entity could not control the network.

As I see it, the infrastructure of NAUT should be built on these items:

1.) The blockchain is sacred - it should never be changed.

Ideally this needs to be dealt with at a coding level. Personally I'll take your word that you wont change the blockchain but we'd be missing the point of crypto and the reason it's valuable. If there was some mechanism that could prevent rollbacks of the chain, e.g. real world time & date stamping of blocks and then verification to stop any kind of chain rewinding/duplication.

Perhaps a separate linked & synced sub chain used purely for validating dates in the primary chain. Not sure where I'm going with this just throwing it out there.. feel free to crush this idea with a dose of hard reality

2.) Compete with Economics - technical innovations can always be added, but human behavior rarely changes

I agree. technical innovations aren't necessarily a magic bullet. I like what doging is saying about NSF/premium bonds or other rewards for coin holders based on performance. We know most people like financial incentives for doing jack -that behaviour doesn't appear to be changing.

3.) Reduce single points of failure as much as technically possible, i.e., decentralize, decentralize, decentralize

So far we've seen more things go wrong as a result of exchange screw ups than coin architecture. IMO what the VRC devs did yesterday was a bad move and will kill their coin and others, but ultimately a good one for crypto in the long term as the code can evolve. I think I'll give satoshi a quick call and ask him what he thinks about decentralisation Wink

BTCrawl

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