Mine is stuck at 3 hours. W7
Mine too. At block 23614 to be exact.Edit: The website is down too. Could this be related?
Which website?
I am out of the office, but I have staff looking into this
Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 293. (Read 901828 times)
June 18, 2014, 03:56:51 PM
Edit: The website is down too. Could this be related?
Which website?
I am out of the office, but I have staff looking into this
June 18, 2014, 03:55:46 PM
Mine is stuck at 3 hours. W7
Mine too. At block 23614 to be exact.Edit: The website is down too. Could this be related?
Which website?
Working for me.
June 18, 2014, 03:53:41 PM
Mine is stuck at 3 hours. W7
Mine too. At block 23614 to be exact.Edit: The website is down too. Could this be related?
Which website?
June 18, 2014, 03:52:02 PM
Mine is stuck at 3 hours. W7
Mine too. At block 23614 to be exact.Edit: The website is down too. Could this be related?
Which website?
June 18, 2014, 03:49:20 PM
Im having issues with the wallet not updating. It says its 1 hour behind, but its been over a day and it hasn't changed.
Anyone know how to fix this?
Anyone know how to fix this?
Someone posted that they left theirs closed for 10 minutes, re-opened it, and it synced fine.
Tried that and now it says its 3 hours behind. lol
this is the nautiluscoin.conf file:
rpcuser=xx
rpcpassword=xx
rpcallowip=127.0.0.1
rpcport=1161
port=11161
daemon=1
server=1
gen=0
addnode=54.186.223.183
addnode=54.187.101.97
addnode=74.208.230.160
addnode=184.155.218.183
addnode=71.227.74.98
addnode=188.194.8.82
addnode=109.201.154.157
addnode=184.155.218.183
Yours matches mine... and I'm all caught up... so I don't know what's wrong.
What platform are you on?
WIN7 64bit,.. and im using the 64bit wallet. should I be using the 32bit?
June 18, 2014, 03:46:26 PM
Mine is stuck at 3 hours. W7
Mine too. At block 23614 to be exact.Edit: The website is down too. Could this be related?
June 18, 2014, 03:45:49 PM
Mine is stuck at 3 hours. W7
June 18, 2014, 03:41:56 PM
Im having issues with the wallet not updating. It says its 1 hour behind, but its been over a day and it hasn't changed.
Anyone know how to fix this?
Anyone know how to fix this?
Someone posted that they left theirs closed for 10 minutes, re-opened it, and it synced fine.
Tried that and now it says its 3 hours behind. lol
this is the nautiluscoin.conf file:
rpcuser=xx
rpcpassword=xx
rpcallowip=127.0.0.1
rpcport=1161
port=11161
daemon=1
server=1
gen=0
addnode=54.186.223.183
addnode=54.187.101.97
addnode=74.208.230.160
addnode=184.155.218.183
addnode=71.227.74.98
addnode=188.194.8.82
addnode=109.201.154.157
addnode=184.155.218.183
Yours matches mine... and I'm all caught up... so I don't know what's wrong.
What platform are you on?
June 18, 2014, 03:26:32 PM
Im having issues with the wallet not updating. It says its 1 hour behind, but its been over a day and it hasn't changed.
Anyone know how to fix this?
Anyone know how to fix this?
Someone posted that they left theirs closed for 10 minutes, re-opened it, and it synced fine.
Tried that and now it says its 3 hours behind. lol
this is the nautiluscoin.conf file:
rpcuser=xx
rpcpassword=xx
rpcallowip=127.0.0.1
rpcport=1161
port=11161
daemon=1
server=1
gen=0
addnode=54.186.223.183
addnode=54.187.101.97
addnode=74.208.230.160
addnode=184.155.218.183
addnode=71.227.74.98
addnode=188.194.8.82
addnode=109.201.154.157
addnode=184.155.218.183
June 18, 2014, 03:04:25 PM
Im having issues with the wallet not updating. It says its 1 hour behind, but its been over a day and it hasn't changed.
Anyone know how to fix this?
Anyone know how to fix this?
Someone posted that they left theirs closed for 10 minutes, re-opened it, and it synced fine.
June 18, 2014, 02:53:54 PM
Im having issues with the wallet not updating. It says its 1 hour behind, but its been over a day and it hasn't changed.
Anyone know how to fix this?
Anyone know how to fix this?
June 18, 2014, 01:58:53 PM
Somebody mentioned that they bought NAUT on margin? Is that even possible? if so does anyone know which exchange?
I don't think this is true - only altcoin exchange I know that allows margin trading is Bitfinex, and they only have Litecoin and Darkcoin. thanks, it looks like Allcyrpt will loan BTC, so that is what they must have done
June 18, 2014, 01:53:39 PM
Somebody mentioned that they bought NAUT on margin? Is that even possible? if so does anyone know which exchange?
I don't think this is true - only altcoin exchange I know that allows margin trading is Bitfinex, and they only have Litecoin and Darkcoin. thanks, it looks like Allcyrpt will loan BTC, so that is what they must have done
June 18, 2014, 01:51:53 PM
Somebody mentioned that they bought NAUT on margin? Is that even possible? if so does anyone know which exchange?
I don't think this is true - only altcoin exchange I know that allows margin trading is Bitfinex, and they only have Litecoin and Darkcoin. June 18, 2014, 01:40:00 PM
Somebody mentioned that they bought NAUT on margin? Is that even possible? if so does anyone know which exchange?
June 18, 2014, 01:07:05 PM
2 percent is ideal. It seems like the team are making decisions that maximize the utility of the NSF which is good, because it keeps things open in case a great idea comes up.
I really hope that POW ends at 5mil, because that would preserve the potency of the NSF - because who knows what great idea could come up in the future that'll need the NSF at maximum potency?
Letting POW run towards 10mil or a bigger stake reward would be a total disaster, in my opinion, and make this coin's biggest feature worthless.
Less than 2mil coin - the NSF did more harm than good, did nothing but cause big spikes and helped whales/miners manipulate the market.
More than 10mil POW before staking - the NSF would be totally useless unless there's a huge merchant market to give NAUT liquidity
4 - 6mil is the sweet spot, 2 percent is great growth that keeps all the ideas on the table. We're seeing great Growth - Retrace - Equilibrium - Growth patterns right now, let's see it continue!
I really hope that POW ends at 5mil, because that would preserve the potency of the NSF - because who knows what great idea could come up in the future that'll need the NSF at maximum potency?
Letting POW run towards 10mil or a bigger stake reward would be a total disaster, in my opinion, and make this coin's biggest feature worthless.
Less than 2mil coin - the NSF did more harm than good, did nothing but cause big spikes and helped whales/miners manipulate the market.
More than 10mil POW before staking - the NSF would be totally useless unless there's a huge merchant market to give NAUT liquidity
4 - 6mil is the sweet spot, 2 percent is great growth that keeps all the ideas on the table. We're seeing great Growth - Retrace - Equilibrium - Growth patterns right now, let's see it continue!
June 18, 2014, 11:41:49 AM
PoS Update
We have begun the coding work on PoS, it is estimated it will take about a week to complete and then we will need to test. The one thing I have learned about crypto is to expect the unexpected! I don't want to over promise and under-deliver so I will only post about what is completed and tested. As we move further in the process I will be able to get a realistic date of implementation. My desire has always been for PoS to be implemented well before the PoW stage is done.
In terms of stake (or 'dividend' for guys like me) I have set it at 2%. I had hoped to tie the stake to a well known price index, but relying on a third party would compromise network security. I chose 2% because most central banks target 2% inflation per year - Wall Street will understand this. I am also consulting with a few well respected economists to determine if there is such a thing as 'optimal money supply growth' - so far we have not found it - if we can determine an optimal method then we will try to incorporate with PoS...BUT no promises as this is much more art than science.
-BK
Hmm... 2% sounds pretty low. How would this affect the coin population? For example, I think the percentage should start higher and adjust down as you get to your original projected 16m coins. I haven't done the math, but figure out what percentage rate would garner the same amount of coins as the current mining. ALthough, I think maybe the current mining is going to fast.
I suggest that you project what level of interest would take the coin to 15million in 5 years using a percentage that reduces each year, say 20% year 1, 15% year 2, hoping to hit 15mm year 5, and then go to 1% - 2% for maintenance.
Have you considered a PoS that stops mining coins at X number of coins and the stake rewards at that point come 100% from fees. This would keep the population of coins fixes at the final population, preventing inflationary price creap and instead cause a deflationary creap, ie, 1 coins buying power will increase as more and more people use the coin?
thanks...
June 18, 2014, 11:25:35 AM
Just a heads up - we received a bunch of orders for shirts and have sold out. I am re-ordering, but it will take 7-10 days to get them printed. If you just ordered recently it may take 2 weeks to get them out to you.
Sorry for the inconvenience, but I a very glad people are representing!
-BK
BK, do you ship to the UK?
Here is some encouraging news for the coin : http://www.reddit.com/r/nautiluscoin/comments/28b8qf/announcing_nautiluscontent/ 
very cool idea!! this is the type of thing that will sustain NAUT in the long run, I know we all want a nice price pop, but once that happens we need an ecosystem like this to sustain the coin.
Agree, I will be tipping the writers of articles to show support.
I wrote one of the first third party articles that had at least a bit of a concentration on NAUT over at this site: http://www.examiner.com/article/virtual-currencies-the-good-the-bad-and-the-money a bit of naivity in functionality of the coin at first, but brought some additional attention.
Always welcome to tip directly
NZwuGk2BUoMyx2a3YbMiUxret8H45geHZ8 of course, I just do these things primarily because I believe in the coin and goals behind it, so I don't want anyone to feel obligated.Also. Still no communication on implementing new CSS for reddit
Shit damn blast FlyingMongoose that's a good article, now I feel "obligated" to send you a tip
Now in a restaurant it's 10% but what % do you tip for an article? Especially when you consider what NAUT will be worth in a few months time. Pizza and BTC comes to mind, while I am on this point
200 NAUT for a T-Shirt?? GULP, SPLUTTER Hummmmmm I will have to think about that.
FlyingMongoose, I am a man of my word, just sent you a tip for all the good work and articles you are doing for NAUT, get yourself a T-Shirt as well
I am just about to order mine Wow dude, thanks so much, you didn't have to. When I'm ready for my closed beta on my big project I'll be sure to put you in to the list for the first roll of invites.
I'm unfortunately a good distance away from announcing what it is yet though.
Great news on Proof of Stake, and for those who were wondering, Virtual Currency in the United States is classified as an Asset (pretty much same classification as land). Some members of the US government are trying to get it reclassified as a currency: https://www.govtrack.us/congress/bills/113/hr4602 but as that page says expected "chance of passing" is 1%.
June 18, 2014, 11:17:12 AM
You could sell NAUT to Wall Street as a way to invest in other cryptos indirectly. You buy on their behalf via NAUT, the NSF eats the risk, you pay out via NAUT on demand and any fees go back into the NSF.
I am trying to understand your idea: Are you suggesting NAUT become a 'hedge' fund of crypto coins? If you buy NAUT you are buying a basket of coins?
As toxic as this idea might sound to many here, I am absolutely suggesting this.
Think about it this way.
You buy NAUT on an exchange. That's "bronze" level. It goes into your wallet. That's for us, traditional Bitcoin enthusiasts, people who spend a small amount of money experimenting with crypto because it's fun, and occasionally there's a payout to our speculation. Mostly we have Bitcoin. We like tech, new algos and strong personalities. We mostly don't have any economic experience.
But you could also offer a "silver" or "gold" level where you don't buy NAUT on an exchange, but via a card or document. Something to hold that anyone can understand. The user still keeps the private keys (this is vital) to the wallet, but additionally you may offer a "sliding scale" service where a viable % is also paid to purchase a basket of coins on behalf of invesotrs. The user doesn't get those coins in a wallet, only the NAUT, but they can convert those back into NAUT. This for risk adverse investors who want to put a large amount of money down and not worry about the details. People with economic experience who have many other assets to think about. Imagine how profitable it would have been to have this in Febuary, before Darkcoin and before Black! Then you can start tempting the "bronze" level in with merchant deals or bonuses...
The mistake with DIRAC was currency pairing, which is nothing but the same mistake as having a peg and actually a step backwards from your "reserve currency" idea. But NAUT's strength so far is that it is a coin that learns from its mistakes. Very quickly. You already bought some DIRAC, why not a "basket" fund for your investors, too? Why stop at one pair? Who says we even need exchanges?
I like the idea and it is actually something I have been working on - essentially what you are suggesting is a fund that is priced in NAUT - similar to John Paulson's fund that is priced in Gold. At this point I am at the regulatory exploration stage, I am not sure whether or not it would fall under US securities law. I know I can setup a private investment vehicle, it gets trickier when offering to the general public.
This thread just got really interesting.
June 18, 2014, 11:16:16 AM
Jump to: