Morning -
I want to thank the whole community for all the support with the Fitch Fight - I think it was a resounding success!! That being said, I am not going to spike the ball on the 5 yard line, we still have a lot to accomplish.
First and foremost is the switch to PoS - the fact that miners have such a huge influence on the blockchain is everything decentralization is NOT supposed to be. Right now I am the largest miner on the network - which makes me a single point of failure...not good...PoS should solve this issue.
Second - stability. I am extremely pleased with the market cap going from $0 to $1,000,000 in 60 days BUT the 30% drop overnight is unacceptable. It is still early days, but merchants will not want to hold NAUT if there is this much volatility. The NSF is able to cushion the blow, but with 4m coins and volumes over 100 BTC it is having less of an impact. The PoS multipool should help this situation, as well removing the miners from auto-selling will have a big impact.
Once we make the switch to PoS I hope to have a lot more stability...if we do not I will come up with something else.
Going forward my plan is this:
-Focus on high profile PR like the Fitch Fight
-Parlay the Fitch publicity into a major retailer/ecommerce player accepting NAUT...I would prefer this deal to be exclusive, i.e. NAUT is the only cc accepted
-Compete with Economics - I want NAUT to be the coin with sound economic fundamentals...this will attract investment dollars; once I attract bigger investment dollars I will have the demand to create a structured investment vehicle for NAUT. I have the structure ready to go, but need the investment demand first. It is a bit of a chicken and egg situation...but for now the investment demand is most important.
Enjoy your Sunday,
-BK
come on man... don't play the optimistic guy. you and we all here know why we are here for. So you simply fucked some people up with your insane P&D schedule.
Of course it was obvious that people were going to dump the coin. No one is interested in another "Pro" coin.
But now some people are loosing money, just because of your "deadlock".
I am mean you can loose money in a P&D, but raping the chain is simply stupid...