Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 262. (Read 901870 times)

Let's go Fitch!!

Welcome to all the newcomers!!!!

Really glad to have you in board.

-BK

yep. Figure the price of a video game or a ppv would be worth playing around and seeing what happens next.

So many wise guys here 

Welcome! I bought my first Bitcoins over a year ago so I've been around for at least a little while, and Naut is by far the most professionally ran altcoin I've seen so far. I think we'll pass 50k in a few days, but I'm just a guy on the internet so as always don't invest more than you can lose 60 bucks seems like a good investment though, as you'll be able to enjoy the ride but won't hurt if you lose it.

Hey, I'm new here too.  David Seaman also brought me here.  I bought in at ~33,000 today.  I wouldn't worry too much, man.  Don't even think about selling it for several weeks AT LEAST, but I would say that buying in anywhere below 40,000 is a steal if your planning on holding your NAUT long-term like I am.  That is my layman's assessment of the price and future value, so take it with a grain of salt.

Oh trust me, I'm not. I may throw 10 or 20 more bucks today. But I'm not really investing, just playing. Well aware it could all go poof. Just think it's interesting, and want to learn more about this world. Thanks for the info and advice, tho!

welcome, naut was near 40k yesterday, awhile ago it peaked over 100k.....as many expect naut price will even increase more due to all the development are going for naut. So actually not much to worry about. Just don't invest more than you can afford.

Total crypto noob here. Seaman got me interested in nautilus, so I bought my first coins last night. Unfortunately looks like I bought at a peak. Oh well. Figured 60 bucks or so is a small price to pay to see what happens and start learning.

We're making decent volume over on Mintpal considering volume being down across the board. Darkcoin, that usually boasts 2-3k BTC volume a day, is now down to 228 BTC. We're currently at 107 BTC, so not to shabby of a start all things considered

I think that finding a bug is just a great sign, it means to me that they are testing the POS. Finding the problems is part of testing.

Will it take a bit longer? Yes please....do a good job instead of half a job.

Even if POS is totaly ready now, still the exchanges have to update there wallets first, you need to give them a few days to do that.
They will verify the code, update to the new wallet....make sure your coins are save and last but not least be sure that they don't have to repay your coins, because they did something wrong.

Just remember, POS is on it's way....

GOOOoooo....NAUT


Everybody....enjoy the Jon Fitch fight !!!

I also told Julian I would like to hire him again to build the Mac PoS wallet - I like the idea of having it certified...the more trust we can build into the system the better.

As for PoS - it will be 2% a year - this will give us time and coins to make any upgrades we want.  I would still like to have the stake tied to a global economic index or have it vary based on supply/demand - this would be the Holy Grail for me as it would create a coin that dynamically adjusts to economic conditions - maybe even some kind of a "Taylor Rule " for money supply.  A lot of central banks have thought about automating monetary policy - I would love to be the first eco-system to implement an algo for money supply.

For now, that coding has proved to be too difficult and not secure.  So we focus on the small steps and build.

-BK

Great feedback --thanks!

howdy bk hope all is well on the day of the big event (the jon fitch fight)

POS
i think pos should not be rushed even tho it would be great to be ready and all before the fight it would be a complete disaster if there was something you missed in the code and something happening like a totally stopped blockchain. It would put a lot of negative PR about the coin so waiting a little longer is of greater benefit for the future imo.

i would like julian to do the signed mac wallet for staking as i know there are a few ppl here (large holders) that run on a mac myself being one.

I think the price increase over the last couple of days has been really positive in traders eyes and has such a positive effect with volume increasing, market cap is growing as its now over 1 mil which is freakin awesome.

If you can work everything out, get the code audited and get working wallets for windows mac and maybe even linux, things will go a lot smoother than just rushing to get it out pre fight.

Its going to take a little bit of time for people finding out about naut from tv to get accounts and buy their naut and send it to the wallet so in that time you could really make sure everything is working perfectly with wallets for all operating systems.

can you give us any more details on the POS like minimum stake time and percentage, i know you said 2% a year but your thoughts may have change.
any info is good info =)

As someone working in IT I'd say it's always much, much better to be sure that the code is good rather than trying to push to reach a deadline and forgetting something important. Of course this is just my opinion, but the way I see it is that PoS being delayed a couple of days due to auditing and testing might be a minor annoyance, but missing a bug would be a huge problem.

One of Naut's main selling point is confidence in things being done correctly. With most coins one has to be on guard to make sure that the devs don't sell a hidden premine, the creator losing interest and abandoning the project or something crazy like that, but with Naut one can be sure that things will be handled professionally. Therefore I think it's better for Naut's image and longterm growth to let things take their time. Telling investors "The update might take a little longer because we will audit the code to make sure that your investment is safe" is worth much more than any new update in the long term.

Just my 2 Nauts, I've (and it seems like the entire community) have complete faith in you and the devs making the right decisions

Thanks for the warm welcome!  Is there going to be a livestream of the Jon Fitch fight?  I don't have cable.

Hello Brian Kelly! 

This is all pretty exciting. Nautiluscoin id also #3 at http://www.coinwarz.com/voting so keep that up too!

Morning all -

Big day for NAUT!!!! 

A few updates:

PoS

On the PoS front, we found a bug yesterday when we were preparing for final implementation and beta testing - once we have it fixed I will let everyone know. 

I would still like to have PoS switch before the fight, but I am not sure that is feasible - I would like to get your thoughts on this.

In the mean time, I will keep the ASIC farms going so we have as few confirmation issues as possible. 

PoS Multipool

Going forward, I know we have at least one PoS multipool in the works and I was contacted by another today. As well I have talked to an owner of an ASIC rig about working together with the NAUT community to lease the rig for the multipool. 

Code Audit

I have contacted Julian about an audit.


Buying NAUT

It is getting easier - Moolah now has USD conversion and Cryptsy trades BTC in USD which can then be converted NAUT - this will make is MUCH easier for people to get involved. It is still a few steps, but vastly improved from a few weeks ago.

-BK

Welcome to the party meat_body_soul   

There's a wallet app in the works apparently, no point releasing before POS but I'd like an update on that.