[ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 278.

BTCrawl

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Bryce Weiner (VERY well respected crypto developer) is doing an interview with David Seaman (journalist who started covering Bitcoin when no one else did) right now! The link is here -> https://www.youtube.com/watch?v=9VldihoIYuY&feature=youtu.be They start to talk Nautiluscoin almost immediately and has nothing but good things to say. Highly recommend everyone to watch it.

Edit: Listened to it some more, they are incredibly complimentary of BK. Very nice to hear from big players like them

Edit 2: People who are not into Nautiluscoin will be after listening to their talk. They brought up most of the great things about Naut, and only had hugely positive things to say. I hope everyone shares this with people who are interested, as it was a great introduction as well as comments on what is currently happening with the coin.

BTCrawl

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Quote from: PilotofBTC on June 25, 2014, 12:19:51 PM

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

This is going to really hurt this coin.

But, if we can't USE the coin because blocks are taking 10-12 HOURS rather than the 60 seconds of the spec, we can't transfer it, there is a problem.

Alas, it won't be fixed until the transition to PoS which I understand. Forking to remove the failed digishiled code and then a week later again to go to PoS will put worse strain on the coin.

Maybe in the short term, but once it's fixed with the PoS switch it will be forgiven and forgotten very quickly

Lots of coins have a rocky starts and are doing great now. Just think about all the technical problems Darkcoin has had, and still has, while also claiming the number 4 spot in marketcap.

IncreaseMyT

sr. member

Activity: 406

Merit: 250

Quote from: PilotofBTC on June 25, 2014, 12:19:51 PM

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

This is going to really hurt this coin.

But, if we can't USE the coin because blocks are taking 10-12 HOURS rather than the 60 seconds of the spec, we can't transfer it, there is a problem.

Alas, it won't be fixed until the transition to PoS which I understand. Forking to remove the failed digishiled code and then a week later again to go to PoS will put worse strain on the coin.

How come your always negative nancy? just go away, dump your coin and buy something else.

PS if your looking at the chart right now and think this coin is "hurting" maybe you should find a different hobby, we will back at 30k in no time

there are no problems that can't be fixed, at least this coin has a team behind it willing to do what it takes, and honestly thats all that really matters

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

This is going to really hurt this coin.

But, if we can't USE the coin because blocks are taking 10-12 HOURS rather than the 60 seconds of the spec, we can't transfer it, there is a problem.

Alas, it won't be fixed until the transition to PoS which I understand. Forking to remove the failed digishiled code and then a week later again to go to PoS will put worse strain on the coin.

IncreaseMyT

sr. member

Activity: 406

Merit: 250

wohooooo look at that gap up on wisdom. this thing going to 10-20 bucks each before this show is over, still holding HUGE bags of naut

BK_PHI

full member

Activity: 210

Merit: 100

Quote from: FlyingMongoose on June 25, 2014, 10:26:31 AM

Lots of awesome news and discussion here, but lets not forget to vote ;-)
http://www.coinwarz.com/voting

20 more votes gets us to #7

FlyingMongoose

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Activity: 238

Merit: 100

Lots of awesome news and discussion here, but lets not forget to vote ;-)
http://www.coinwarz.com/voting

BTCrawl

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Activity: 154

Merit: 100

Quote from: BK_PHI on June 25, 2014, 08:57:16 AM

Quote from: BTCrawl on June 25, 2014, 08:55:41 AM

Quote from: BK_PHI on June 25, 2014, 08:46:26 AM

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

Looks like we are stuck on a block-difficulty spiked to 650. I am renting an ASIC farm to push it through

-BK

This might be a little too far off into the future to start planning right now, but one thing we could do when the PoS multipool launches is to raise a couple of BTC as a community and rent ASIC farms to mine for the first few days to kick things off.

It will be a great little publicity stunt, as well as giving the price quite a push that would add to the interest in Naut.

I am in!

Great! Let's revisit this in a couple of weeks

hardcoreprime

full member

Activity: 147

Merit: 100

Well, I am definitely going to watch the MMA fight now with Jon Fitch. What would be cool is to add a QRcode on banners for future support.
Remember this guy? http://www.dailymail.co.uk/news/article-2516708/Savvy-student-gets-24-000-strangers-holding-sign.html

BK_PHI

full member

Activity: 210

Merit: 100

Quote from: BTCrawl on June 25, 2014, 08:55:41 AM

Quote from: BK_PHI on June 25, 2014, 08:46:26 AM

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

Looks like we are stuck on a block-difficulty spiked to 650. I am renting an ASIC farm to push it through

-BK

This might be a little too far off into the future to start planning right now, but one thing we could do when the PoS multipool launches is to raise a couple of BTC as a community and rent ASIC farms to mine for the first few days to kick things off.

It will be a great little publicity stunt, as well as giving the price quite a push that would add to the interest in Naut.

I am in!

BTCrawl

full member

Activity: 154

Merit: 100

Quote from: BK_PHI on June 25, 2014, 08:46:26 AM

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

Looks like we are stuck on a block-difficulty spiked to 650. I am renting an ASIC farm to push it through

-BK

This might be a little too far off into the future to start planning right now, but one thing we could do when the PoS multipool launches is to raise a couple of BTC as a community and rent ASIC farms to mine for the first few days to kick things off.

It will be a great little publicity stunt, as well as giving the price quite a push that would add to the interest in Naut.

J.E.S.U.S!!!

newbie

Activity: 10

Merit: 0

Thanks!

BK_PHI

full member

Activity: 210

Merit: 100

Quote from: J.E.S.U.S!!! on June 25, 2014, 08:41:11 AM

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

Looks like we are stuck on a block-difficulty spiked to 650. I am renting an ASIC farm to push it through

-BK

BTCrawl

full member

Activity: 154

Merit: 100

Quote from: Doging on June 25, 2014, 08:37:02 AM

I know other coins are setting up multipools but it does sound perfect for NAUT. I find multipool returns are limited unless you're extremely tactful about how you sell the coins you mine, wait too long and you're mining at a loss, sell too soon and miss out on a decent return, let the multipool auto-sell and profits are often minimal if that. What you really want is payment in a coin which is likely to appreciate in value.

The best method is to watch this forum like a hawk and get in early on the right coin but it's time consuming and disappointing when you back the wrong horse. I just couldn't understand the talk about dumping it down to 1 sat.

Normally PoS multi pools are handled manually as far as I know. So the people running the pool take all the coins that's been mined for the last 12 hours (for example), sell them and then purchase whatever coin the multipool is mining. This means that the skill of the people running it somewhat determiners the outcome. One can usually count on a certain return however, as long as they don't mess up completely

J.E.S.U.S!!!

newbie

Activity: 10

Merit: 0

Hi, any problem with the blockchain? transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

Doging

hero member

Activity: 1036

Merit: 500

Quote from: BTCrawl on June 25, 2014, 07:52:48 AM

Quote from: Doging on June 25, 2014, 07:29:41 AM

Quote from: jjj0923 on June 25, 2014, 07:09:51 AM

Quote from: Doging on June 25, 2014, 06:42:43 AM

Quote from: BTCrawl on June 25, 2014, 06:39:42 AM

Quote from: Doging on June 25, 2014, 06:36:30 AM

The only people I can see being upset by the move to POS would be those who invested heavily in scrypt asics.

They can still mine on the PoS multipool though!

Moving to PoS won't hurt anyone, not even miners. They will be able to continue to mine and at the same time help push the price of Naut up.

Are there any other scrypt coins with the same potential out there?

Just checked dedicatedpool and it seems everyone is mining X11 and X13 these days.

Asic resistance looks like the way forwards to me.

sure RZR, Start and Octocoin are all kicking ass to name a few.

Then like (BTCrawl said) why not just add them to the multipool and get paid in NAUT?

Exactly

I'm suspecting some posters here might not know how a PoS multipool works. That's okay, and I'm sorry if I sounded rude in my earlier posts. Basically the way it works is that since PoS coins are only generated by people holding the coins, you can't mine them in the normal way. You can however set up a multipool (which is in the works) that mines other coins, sell them for Bitcoins and buy Nautiluscoins to be payed to the miners. This accomplishes three things:
1. It pushes the price of the coin up, rather than down as regular PoW mining does.
2. It provides a lot more volume, which is great for traders and exchanges alike.
3. It provides better security for smaller coins as the network is controlled by the people holding the coin (the stakers). This means that it doesn't matter if there's only one large PoS multipool. With PoW mining one always has to make sure to spread the hash rate out over several pools to avoid centralization.

Hope that can clear some confusion up here

To summarise: You will still be able to mine Naut after the PoS switch. The difference is that you will help out the coin in several ways when doing so. It's really a win-win for everyone with Naut's best interest at heart.

I know other coins are setting up multipools but it does sound perfect for NAUT. I find multipool returns are limited unless you're extremely tactful about how you sell the coins you mine, wait too long and you're mining at a loss, sell too soon and miss out on a decent return, let the multipool auto-sell and profits are often minimal if that. What you really want is payment in a coin which is likely to appreciate in value.

The best method is to watch this forum like a hawk and get in early on the right coin but it's time consuming and disappointing when you back the wrong horse. I just couldn't understand the talk about dumping it down to 1 sat.

cypz

full member

Activity: 195

Merit: 100

Quote from: BK_PHI on June 25, 2014, 08:08:12 AM

Morning -

Scrolling through the thread it looks like we had some good discussions going on, I'll try to answer what I can...

PoS - It is happening. As I mentioned before my original idea of tying PoS to a real world price index is too complicated to securely implement. So PoS will be a 'regular' PoS.
I am still aiming to have it live by the time of the fight - that is the goal. There are a lot of other coins that have newfangled tech and fancy algos - which I think is a necessary for the crypto world to evolve. I am always open to integrating the latest technology, BUT I see the value of the coin in the long run being a function of network effects rather than technology. If BTC launched today it would never make it past the first mining round...but it has value because of the network effect. That is what I am trying to bring to NAUT - the deal with Jon Fitch is just the beginning.

Website - YES it needs to be updated to be newbie friendly. I am currently finishing writing a book on Bitcoin/altcoins (which NAUT will be at least one chapter, maybe more)- the book will be published this fall - I will be finished by this weekend and then can focus my attention on the website. It will be newbie friendly by fight time.

-BK

morning BK thanks for the update

i think the website is very important as it is the sales page for naut to new and old users alike. It may be good to have a "in development" section and a "getting started with naut" with maybe community made videos on the easiest way to purchase naut.
An important feature imo is a wallet usable on smart phones as this is the main way non computer savvy people will have access and buy their funds.
A multi signature html5 wallet that stakes for you so you have complete control over your funds but dont rely on a centralised service to keep ur funds safe.

BTCrawl

full member

Activity: 154

Merit: 100

Quote from: BK_PHI on June 25, 2014, 08:08:12 AM

Morning -

Scrolling through the thread it looks like we had some good discussions going on, I'll try to answer what I can...

PoS - It is happening. As I mentioned before my original idea of tying PoS to a real world price index is too complicated to securely implement. So PoS will be a 'regular' PoS.
I am still aiming to have it live by the time of the fight - that is the goal. There are a lot of other coins that have newfangled tech and fancy algos - which I think is a necessary for the crypto world to evolve. I am always open to integrating the latest technology, BUT I see the value of the coin in the long run being a function of network effects rather than technology. If BTC launched today it would never make it past the first mining round...but it has value because of the network effect. That is what I am trying to bring to NAUT - the deal with Jon Fitch is just the beginning.

Website - YES it needs to be updated to be newbie friendly. I am currently finishing writing a book on Bitcoin/altcoins (which NAUT will be at least one chapter, maybe more)- the book will be published this fall - I will be finished by this weekend and then can focus my attention on the website. It will be newbie friendly by fight time.

-BK

The bringer of good news, lol Cheesy

Great to hear that everything is running smoothly! I agree completely on the idea that coins have value due to their networking effect. Technical innovations, being that this is open source, means that a coin with new features will have an advantage for about a week before it's copied. That can always be added later on, but the important thing is trust in the people behind the coin, as well as a strong community and merchant acceptance.

Best of luck on the book!

BK_PHI

full member

Activity: 210

Merit: 100

Morning -

Scrolling through the thread it looks like we had some good discussions going on, I'll try to answer what I can...

PoS - It is happening. As I mentioned before my original idea of tying PoS to a real world price index is too complicated to securely implement. So PoS will be a 'regular' PoS.
I am still aiming to have it live by the time of the fight - that is the goal. There are a lot of other coins that have newfangled tech and fancy algos - which I think is a necessary for the crypto world to evolve. I am always open to integrating the latest technology, BUT I see the value of the coin in the long run being a function of network effects rather than technology. If BTC launched today it would never make it past the first mining round...but it has value because of the network effect. That is what I am trying to bring to NAUT - the deal with Jon Fitch is just the beginning.

Website - YES it needs to be updated to be newbie friendly. I am currently finishing writing a book on Bitcoin/altcoins (which NAUT will be at least one chapter, maybe more)- the book will be published this fall - I will be finished by this weekend and then can focus my attention on the website. It will be newbie friendly by fight time.

-BK

BTCrawl

full member

Activity: 154

Merit: 100

Quote from: Doging on June 25, 2014, 07:29:41 AM

Quote from: jjj0923 on June 25, 2014, 07:09:51 AM

Quote from: Doging on June 25, 2014, 06:42:43 AM

Quote from: BTCrawl on June 25, 2014, 06:39:42 AM

Quote from: Doging on June 25, 2014, 06:36:30 AM

The only people I can see being upset by the move to POS would be those who invested heavily in scrypt asics.

They can still mine on the PoS multipool though!

Moving to PoS won't hurt anyone, not even miners. They will be able to continue to mine and at the same time help push the price of Naut up.

Are there any other scrypt coins with the same potential out there?

Just checked dedicatedpool and it seems everyone is mining X11 and X13 these days.

Asic resistance looks like the way forwards to me.

sure RZR, Start and Octocoin are all kicking ass to name a few.

Then like (BTCrawl said) why not just add them to the multipool and get paid in NAUT?

Exactly

I'm suspecting some posters here might not know how a PoS multipool works. That's okay, and I'm sorry if I sounded rude in my earlier posts. Basically the way it works is that since PoS coins are only generated by people holding the coins, you can't mine them in the normal way. You can however set up a multipool (which is in the works) that mines other coins, sell them for Bitcoins and buy Nautiluscoins to be payed to the miners. This accomplishes three things:
1. It pushes the price of the coin up, rather than down as regular PoW mining does.
2. It provides a lot more volume, which is great for traders and exchanges alike.
3. It provides better security for smaller coins as the network is controlled by the people holding the coin (the stakers). This means that it doesn't matter if there's only one large PoS multipool. With PoW mining one always has to make sure to spread the hash rate out over several pools to avoid centralization.

Hope that can clear some confusion up here

To summarise: You will still be able to mine Naut after the PoS switch. The difference is that you will help out the coin in several ways when doing so. It's really a win-win for everyone with Naut's best interest at heart.

Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 278. (Read 901853 times)