Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 294. (Read 901828 times)

Thanks for that insightful input! 

Actually, google translate give me this: "I hope you can do to get this currency"

Which, I interpret as a message of good luck!!

希望能 得到这个币 可以吗

I disagree - being traded on Wall Street is a huge thing, not only because of the market it opens up but from a PR perspective. It's worth it to wait while all the regulatory hurdles are cleared just for that alone, not to mention that it will make NAUT legitimate in everyones eyes and help separate it from other coins.

I agree with you. That's why the BIG companies find "friendly" countries where they have there holdings.

We can think of it as being like a restaurant that serves burgers via drive thru at the back, but luxury cuisine at the front. By joining the high and low ends of the market, people get things they don't expect. The "bronze" customers would get the promise of quality beyond their expectations, the "gold" get the convenience, reliability and speed without the hassle they might have expected.

The same service that uses NAUT to get younger holders (for example) discount Amazon vouchers, could be acting as a holding company/fund for older and richer clients, or acting as a CC exchange. This a rare opportunity for a service to work for two seperate ends of the market. NAUT can be sold to Wall Street as a way to advertise to a new generation of investors.

BK says "Wall Street's Cryptocoin" but it can also be "Crypto's Wall Street"

Maybe funny to us mtdspain or others outside the US - but it's a different matter to those inside the US, esp. those on Wall st. - you know, like the exact type of people who BK is trying to attract to this coin.

Honestly, from reading these forums and being involved in bitcoin over the last year or so, I can sense the fear / paranoia that US citizens seem to have of their regulatory bodies / IRS / whoever.

They have real powers and to fall foul of these guys brings real hardship and heavy handed treatment.
It would be imperative on any serious business to stay on the right side of the powers that be in the US.
The penalties for not doing so are outrageous.

It's so funny to hear people say so. If it's not US it's "shady".

It will be a difficult thing to get everything conform the SEC. The SEC is not up to date...and never will be. If you say think big, you need to think global...US is to small for CC

In the country where I was born, a judge in court allready defined that CC is no money. It's just a verhicle to trade with. 

Maybe working something out with Barry Silbert, who has a Bitcoin fund, would be a good idea? :-) Also, didn't the IRS say that digital currencies would be looked upon as commodities in the US? If so, wouldn't it make setting up a fund of this kind a lot easier?

+1 Bang on! Nail. Hit. On. Head.

It would be a massive advantage.

i even see a slogan :

Nautilus - helping you safely navigate the dangerous waters of crypto

maybe...

but i see SEC compliance as a huge advantage, and a monster selling point...

if the true goal here is to attract institutional investors, then acting "shady" by setting up off-shore is a mistake... the world of crypto already doesn't have a reputation of "being filled with boy scouts", so a firm that can be fully compliant and "squeaky clean" will have a big leg up...

This is awesome! An investment fund for those wanting to put some money into crypto, but who for some reason don't like Bitcoin :-) I think this is something that would do incredibly well, even among investors who aren't necessarily very rich. I know a ton of people who would love to throw a couple of hundred, or even thousands, of dollars on the crypto market, but they don't know enough to feel safe doing so.

Having someone like BK provide a way for non-techies to invest would be a true game changer. This could be something that would not only make NAUT one of the top alt coin, but an actual Bitcoin competitor!

I think this is where the difficulty lies in regulation.  CC isn't domiciled anywhere, nor is it a corporation - its just computer code.  All crypto currencies are really just DACs...most of them waiting for a problem to solve.  How do you regulates something that is not a legal entity?

But this is why I (BKCM LLC) needs to make sure we are in compliance with whatever laws may come.  

or start Nautilus Holdings LLC, if it will start, in a more "friendly" country

We know and understand that mtdspain but Brian Kelly sure is USA based. And if doing anything financially related in that country, you'd better be fully compliant.

I understand the way you look to this alll. But the SEC has nothing to do with this. Maybe only in the USA....but the rest of the world...no SEC.

Just to let you all know, CC is not only US based

Nautilus - the holding company that doesn't have the risk of holding.

The "basket" doesn't even have to be coins. It can be mining time/shares, content, CC friendly merchants, anything where a "bridge into the real world" might be valuable.

i also like the idea of something like "Nautilus Holdings LLC" that essentially acts like a holding company, but for crypto...

and i would love to see that company buck the current trend towards anonymity and go full SEC compliant, and offer shares in in the holding company as pink sheets...

i remember you mentioning that you started this coin partially to help your wall street friends get involved in crypto... i don't see a faster and easier way to get them involved then offering something they already know, and are comfortable with buying - securities...

one share of naut holdings = 1 naut coin, or whatever formula you want to setup... the value of the naut coin is then determined by whatever derivatives package formula you want to setup, and will be based on how much crypto the holding company controls etc...

it's a unique way to offer a "bridge" from real world securities to the wacky world of crypto, and if something like that could be implemented - naut would become a true pioneer, not only in crypto, but in the overall securities world as well... this means more publicity, more interest and more reasons for you to have your mug plastered all over msnbc

besides, if you're hearing the same rumors i'm hearing, then you already know that it's only a matter of time before SEC jumps in to regulate all this shit...  from what i understand, it's pretty much a done deal, and the only thing holding it up is the amount of legaleze that needs to be completed and the fact that like all government agencies, SEC moves at a snail's pace... but from what i hear, it's not a question of if, but when...

so, if that's the case, then you have a huge advantage over just about any coin out there - you already have the experience and the knowledge of how to handle compliance... may as well exploit that advantage early

Using blockchain technology, your fund would never need know or hold the assets. They would go directly to your investors: their NAUT private keys become the keys to the vault, as it were.

It's potentially so much more than just pricing in NAUT. Think big. "Thinking outside the box" in crypto usually translates as "thinking outside of exchanges"

I'm not sure if that makes for worse or better from a regulatory perspective... but that's why you're the captain of this ship, other coins don't give a crap about any of this stuff.

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.