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Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 279. (Read 901870 times)

hero member
Activity: 1036
Merit: 500
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! Smiley 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?
sr. member
Activity: 266
Merit: 250

I'm not a dumping miner and let me remind you that there would be NO nautilus coins if it were not for miners.

Smiley


im not having a go at miners, i just think its a bit extreme asking BK to fork the code right before POS is implemented. Im well aware that there would be no coins if miners didnt mine and dump also as i scored some pretty cheap coins right at the bottom. =)

i think the coin distribution is quite good on this coin, very spread out with the NSF holding alot with price appreciation in mind, on rather small volume naut can increase in price a lot in the coming weeks.

i havent stopped buying and also havent sold 1 naut either and dont plan to any time soon as i believe this could be something very special in the future. =)

everything going smoothly with POS implementation and Jon Fitch winning his fight will gravitate more people to the coin, we could see x3 the current prices we are right now and stabilising up there because POS will further limit the amount of new coins entering the market.

Stay strong nauti peeps

HOOOLLLLLDDDD!!!



now is the perfect time - you're asking him to start POS with 75% of the coins still unmined - IMHO I think that rather self centered isn't it.

you have what you want - so just ignore the rest of the people who enabled you to get here....

rather greedy if you ask me.

and the fight has no bearing whatsoever on this discussion.

I'm asking what reasonable that's all - even by his own admission BK acknowledges that mining has virtually stopped because of flaw in Digishield and that it's not good for the coin


and thanks fr coming clean - the bottom line is that you don't want any new coins entering the market - you got what you want so the hell with the rest of us, huh?

well - I have some bad news for you. the average miner like myself who got this coin started can't compete with the huge mining farms because of the difficulty but nevertheless there are 1,440 new blocks generated every day and the only two pools still mining this coin are 0feenaut and ipominer and between these two pools they only get about 15 blocks in a day so that leaves 1,425 blocks to the huge mining farms who have taken over

so guess what - the huge mining farms are still mining 1,425 blocks per day and that's 225,150 coins per day so I have some bad news for you - they're going to unleash a dump on you guys the likes of what you've never seen

that's 1,576,050 coins per week they're mining - so guess what - the price of this coin is completely out of your control - they're going to control it's destiny.

they could run this coin down to 1 satoshi in nanoseconds if they felt like it.

so you argument for not letting new coins entering the market is without merit, because they're going to enter the market whether you like it or not.



according to specs there should be around 1440 blocks
according to blockexlorer:
block 23496 was mined at 17 june around 9am
latest block 24936 mined at 25 june around 7am

So in 8 days 1440 blocks were mined. So supply increase is very limited, it's more like 20 naut average per block now.


by his own admission digishield has been detrimental to the coin - man you guys are soooo greedy... I have lots of Naut and I want more. I'm in the top 100 holders and I want to mine more. don't be so protective - it's not good for the coin.
sr. member
Activity: 266
Merit: 250
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! Smiley 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.
sr. member
Activity: 258
Merit: 250

I'm not a dumping miner and let me remind you that there would be NO nautilus coins if it were not for miners.

Smiley


im not having a go at miners, i just think its a bit extreme asking BK to fork the code right before POS is implemented. Im well aware that there would be no coins if miners didnt mine and dump also as i scored some pretty cheap coins right at the bottom. =)

i think the coin distribution is quite good on this coin, very spread out with the NSF holding alot with price appreciation in mind, on rather small volume naut can increase in price a lot in the coming weeks.

i havent stopped buying and also havent sold 1 naut either and dont plan to any time soon as i believe this could be something very special in the future. =)

everything going smoothly with POS implementation and Jon Fitch winning his fight will gravitate more people to the coin, we could see x3 the current prices we are right now and stabilising up there because POS will further limit the amount of new coins entering the market.

Stay strong nauti peeps

HOOOLLLLLDDDD!!!



now is the perfect time - you're asking him to start POS with 75% of the coins still unmined - IMHO I think that rather self centered isn't it.

you have what you want - so just ignore the rest of the people who enabled you to get here....

rather greedy if you ask me.

and the fight has no bearing whatsoever on this discussion.

I'm asking what reasonable that's all - even by his own admission BK acknowledges that mining has virtually stopped because of flaw in Digishield and that it's not good for the coin


and thanks fr coming clean - the bottom line is that you don't want any new coins entering the market - you got what you want so the hell with the rest of us, huh?

well - I have some bad news for you. the average miner like myself who got this coin started can't compete with the huge mining farms because of the difficulty but nevertheless there are 1,440 new blocks generated every day and the only two pools still mining this coin are 0feenaut and ipominer and between these two pools they only get about 15 blocks in a day so that leaves 1,425 blocks to the huge mining farms who have taken over

so guess what - the huge mining farms are still mining 1,425 blocks per day and that's 225,150 coins per day so I have some bad news for you - they're going to unleash a dump on you guys the likes of what you've never seen

that's 1,576,050 coins per week they're mining - so guess what - the price of this coin is completely out of your control - they're going to control it's destiny.

they could run this coin down to 1 satoshi in nanoseconds if they felt like it.

so you argument for not letting new coins entering the market is without merit, because they're going to enter the market whether you like it or not.



according to specs there should be around 1440 blocks daily
according to blockexlorer:
block 23496 was mined at 17 june around 9am
latest block 24936 mined at 25 june around 7am

So in 8 days 1440 blocks were mined. So supply increase is very limited, it's more like 20 naut average per block now.
hero member
Activity: 1036
Merit: 500
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! Smiley 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.
full member
Activity: 154
Merit: 100
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! Smiley 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.
hero member
Activity: 1036
Merit: 500
The only people I can see being upset by the move to POS would be those who invested heavily in scrypt asics.
full member
Activity: 154
Merit: 100
please see my edited reply to you - there are over 1,000,000 new coins entering the market every week.... Smiley
No, due to difficulties with digishield there's about 50,000 being mined every day. However your argument actually enforces the need to lower the inflation and switch to PoS. Having the coin be controlled by two large mining pools is something that should be avoided at all costs.

the stats clearly show how many blocks are being generated daily and that number is 1,440 - you can't argue with the block chain and the number of coins awarded per block is consistent


these blocks aren't just evaporating into thin air!

The last block was generated 7 hours ago, so no, there are not nearly as many coins being mined as your claim. Please see http://nautinsight.buddylabsapps.com for reference, and please provide a reference if you disagree rather than just citing "the block chain".

and the coin is actually being totally controlled by a few large mining farms - I've looked at the block chain to see the addresses where all the coins are going and it's just several addresses who are getting all the coins.
Even more of a reason to switch to PoS.
sr. member
Activity: 266
Merit: 250
please see my edited reply to you - there are over 1,000,000 new coins entering the market every week.... Smiley
No, due to difficulties with digishield there's about 50,000 being mined every day. However your argument actually enforces the need to lower the inflation and switch to PoS. Having the coin be controlled by two large mining pools is something that should be avoided at all costs.

the stats clearly show how many blocks are being generated daily and that number is 1,440 - you can't argue with the block chain and the number of coins awarded per block is consistent


these blocks aren't just evaporating into thin air!


and the coin is actually being totally controlled by a few large mining farms - I've looked at the block chain to see the addresses where all the coins are going and it's just several addresses who are getting all the coins.
full member
Activity: 154
Merit: 100
please see my edited reply to you - there are over 1,000,000 new coins entering the market every week.... Smiley
No, due to difficulties with digishield there's about 50,000 being mined every day. However your argument actually enforces the need to lower the inflation and switch to PoS. Having the coin be controlled by two large mining pools is something that should be avoided at all costs.
sr. member
Activity: 266
Merit: 250
please see my edited reply to you - there are over 1,000,000 new coins entering the market every week.... Smiley
full member
Activity: 154
Merit: 100

I'm not a dumping miner and let me remind you that there would be NO nautilus coins if it were not for miners.

Smiley


im not having a go at miners, i just think its a bit extreme asking BK to fork the code right before POS is implemented. Im well aware that there would be no coins if miners didnt mine and dump also as i scored some pretty cheap coins right at the bottom. =)

i think the coin distribution is quite good on this coin, very spread out with the NSF holding alot with price appreciation in mind, on rather small volume naut can increase in price a lot in the coming weeks.

i havent stopped buying and also havent sold 1 naut either and dont plan to any time soon as i believe this could be something very special in the future. =)

everything going smoothly with POS implementation and Jon Fitch winning his fight will gravitate more people to the coin, we could see x3 the current prices we are right now and stabilising up there because POS will further limit the amount of new coins entering the market.

Stay strong nauti peeps

HOOOLLLLLDDDD!!!



now is the perfect time - you're asking him to start POS with 75% of the coins still unmined - IMHO I think that rather self centered isn't it.

you have what you want - so just ignore the rest of the people who enabled you to get here....

rather greedy if you ask me.

and the fight has no bearing whatsoever on this discussion.

I'm asking what reasonable that's all - even by his own admission BK acknowledges that mining has virtually stopped because of flaw in Digishield and that it's not good for the coin


and thanks fr coming clean - the bottom line is that you don't want any new coins entering the market - you got what you want so the hell with the rest of us, huh?
If we kept mining until we reached over 16 million we would be mining until the beginning of next year at this rate. We're currently way over 1% daily inflation due to mining. It will be incredibly difficult to get people interested in a coin that will be going through hyper inflation for the next six months. BK appears to be taking the very sensible approach of lowering the inflation to a few % per year. This will in turn make your stake more valuable, so everyone currently holding some coins will benefit from this. The point of a mining period before PoS is to diversify the coin, and that is exactly what has been accomplished here.
sr. member
Activity: 266
Merit: 250

I'm not a dumping miner and let me remind you that there would be NO nautilus coins if it were not for miners.

Smiley


im not having a go at miners, i just think its a bit extreme asking BK to fork the code right before POS is implemented. Im well aware that there would be no coins if miners didnt mine and dump also as i scored some pretty cheap coins right at the bottom. =)

i think the coin distribution is quite good on this coin, very spread out with the NSF holding alot with price appreciation in mind, on rather small volume naut can increase in price a lot in the coming weeks.

i havent stopped buying and also havent sold 1 naut either and dont plan to any time soon as i believe this could be something very special in the future. =)

everything going smoothly with POS implementation and Jon Fitch winning his fight will gravitate more people to the coin, we could see x3 the current prices we are right now and stabilising up there because POS will further limit the amount of new coins entering the market.

Stay strong nauti peeps

HOOOLLLLLDDDD!!!



now is the perfect time - you're asking him to start POS with 75% of the coins still unmined - IMHO I think that rather self centered isn't it.

you have what you want - so just ignore the rest of the people who enabled you to get here....

rather greedy if you ask me.

and the fight has no bearing whatsoever on this discussion.

I'm asking what reasonable that's all - even by his own admission BK acknowledges that mining has virtually stopped because of flaw in Digishield and that it's not good for the coin


and thanks fr coming clean - the bottom line is that you don't want any new coins entering the market - you got what you want so the hell with the rest of us, huh?

well - I have some bad news for you. the average miner like myself who got this coin started can't compete with the huge mining farms because of the difficulty but nevertheless there are 1,440 new blocks generated every day and the only two pools still mining this coin are 0feenaut and ipominer and between these two pools they only get about 15 blocks in a day so that leaves 1,425 blocks to the huge mining farms who have taken over

so guess what - the huge mining farms are still mining 1,425 blocks per day and that's 225,150 coins per day so I have some bad news for you - they're going to unleash a dump on you guys the likes of what you've never seen

that's 1,576,050 coins per week they're mining - so guess what - the price of this coin is completely out of your control - they're going to control it's destiny.

they could run this coin down to 1 satoshi in nanoseconds if they felt like it.

so you argument for not letting new coins entering the market is without merit, because they're going to enter the market whether you like it or not.

full member
Activity: 195
Merit: 100

I'm not a dumping miner and let me remind you that there would be NO nautilus coins if it were not for miners.

Smiley


im not having a go at miners, i just think its a bit extreme asking BK to fork the code right before POS is implemented. Im well aware that there would be no coins if miners didnt mine and dump also as i scored some pretty cheap coins right at the bottom. =)

i think the coin distribution is quite good on this coin, very spread out with the NSF holding alot with price appreciation in mind, on rather small volume naut can increase in price a lot in the coming weeks.

i havent stopped buying and also havent sold 1 naut either and dont plan to any time soon as i believe this could be something very special in the future. =)

everything going smoothly with POS implementation and Jon Fitch winning his fight will gravitate more people to the coin, we could see x3 the current prices we are right now and stabilising up there because POS will further limit the amount of new coins entering the market.

Stay strong nauti peeps

HOOOLLLLLDDDD!!!

sr. member
Activity: 266
Merit: 250

BK

I wish you have the devs fork the code to reset the difficulty - it's totally screwed up and no one bothers to mine any longer - it's useless to even attempt to mine.

let's go - there are only two remaining pools and they're generating nothing but there are still a ton of coins to mine.

wanna put new life into the coin? do this!

please?

0feepool found 6 frigging measly blocks in the last 24 hours- that's 936 coins - that is pathetic...

936 coins - that's a whopping $93 dollars - no wonder there's no activity and you're getting trounced by coins like Octo and Start - come on - fork the code please...

it would take a dev about 10 minutes and the pool operators would be getting ready for a ramp up instead of getting ready to shut down their pools due to a lack of interest and activity.


do you realize that only 3,871,000 coins have been mined out of 16,180,000 ? - we're not even 25% of the way there and the pool are dead already.

other coins are going strong - want to increase the value? they get some new miners in - they take one look at the pool stats and they go elsewhere...

please get this done

POS is coming very soon so forking just to appease dumping miners just looking for a profit is totally pointless right now, also the rest of the coins are going to be minted during POS so instead of just trying to mine coins for yourself. Mine something that gives you the best ROI and exchange the BTC you make off what ever you mine and purchase nautilus coin with that. You will make heaps more naut that way.

BK you may be interested in a fiat to naut option through a bitcoin atm like https://www.bitxatm.com/

purchasing naut through a machine like this would give a direct from fiat to naut and bitcoin as well as point of sale options.
also any bitcoin sales through the machine could buy naut directly further adding to buy pressure on naut

also maybe have a look at http://projectskyhook.com/ this is a open source bitcoin atm that im sure you can add a naut option cuz its open source atm its only $999 which is very cheap, its only one way

something to think about =)


the skyhook thing is very cool!  I want one!!!!!!!!!

yea id love to get one also, i really think it wouldn't be hard to set it up to do nautilus coin either as all the software is open source.
as far as im aware there is no one changing the code to accept alts with that machine so naut "could" be the first one to do it paving the way =)

looking forward to POS info #stayNauti folks =)

I'm not a dumping miner and let me remind you that there would be NO nautilus coins if it were not for miners.

Smiley
full member
Activity: 154
Merit: 100
Sure hope we can switch to PoS before the fight on the 5th :-) Still, it's better that the devs get it done properly than rushing it. Do we have any estimations on when they think it might be ready to be tested? I wouldn't mind helping out with beta testing if it's needed.


sorry I was absent from the thread today - been travelling most of the day. I have been promised a changelog and detailed progress report in the next 24 hrs on PoS.
Awesome! :-) Really looking forward to what you and the devs have been working on.
full member
Activity: 154
Merit: 100
Looking forward to the POS progress report, was beginning to think it might not happen.



same here waiting for it also.
It will be a huge step (we've seen that the price tends to go up 20-40% when dumping temporarily stopped) but it might not push the price up to extreme heights immediately. That is unless the hype and the reduced inflation creates a lot of interest amongst investors, which it might very well do. But my point is we shouldn't be disappointed if we don't see an immediate 100% increase, as the real value will come with increased infrastructure and acceptance.  Smiley
sr. member
Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
Looking forward to the POS progress report, was beginning to think it might not happen.



same here waiting for it also.
hero member
Activity: 1036
Merit: 500
Looking forward to the POS progress report, was beginning to think it might not happen.

sr. member
Activity: 379
Merit: 250
Following on Twitter @pyramusx
I'm as excited as everyone else about this sponsorship opportunity with Jon Fitch.  I don't see other coins with NAUT's market cap getting this kind of exposure.  What I'm trying to figure out is the best way to capitalize on it.  I'm imagining a venn diagram of altcoin enthusiasts and MMA fans and I'm not sure how big that overlap is.  If the opportunity is to get new people into NAUT, we need to grease the wheels.  

Let's say I'm the average MMA fan and I know nothing about Bitcoin let alone altcoins.  I follow Jon Fitch on twitter and I see him post something about NautilusCoin so I decide to check it out.  A potential customer is heading to NautilusCoin.com, what's the goal?  Educating that person on mining, DigiShield and the Stability Fund are at the bottom of my list.  We want to hook them.  

The home page should have a picture of Jon Fitch somewhere and mention the MMA fight above the fold.  That's why they went to the site, connect the dots for them and they'll click on.  Then a link "Why Jon Fitch loves NAUT" should take you to a new page that's designed for MMA fans.  No DigiShield, mining or NSF stuff.  Show me Jon Fitch quotes saying good things about NAUT.  Give them the Wall Street's Altcoin pitch.  Tell them how to buy NAUT.  Give them Jon Fitch's wallet address and tell them about tipping.  All with Jon's permission of course - don't want to piss off a guy like that.

In an ideal world, they'd be able to put in their credit card or bank account info and buy NAUT with a few clicks.  If Moolah is in place, are we sending them there?  If not, are we trying to get them to follow NautilusCoin on twitter or like us on Facebook?  What else can we do to get them involved in this split second we have their attention?

I'm not a web designer or marketing expert so I'll defer to others on the details, but we should use this publicity for more than just getting our name out there.

I agree with appealing to the new customer, I don't agree with "removing" the stuff that the new customer may deem unnecessary. Ultimately it's information those knowledgable within the virtual currency community will want to know anyway.

The "when writing a commercial" rule is that "if you don't have them in the first 5 seconds, you've lost them."

We need a video for Nautiluscoin.

Easiest solution to the addition of something about Jon Fitch and any similar opportunity that may come for NAUT is for a relevant section added to the site. Just how there's a FAQ section, Gear, Stability Fund, etc. That way nothing gets and it all looks the same
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