heres the text for ppl to lazy to click the link =)
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http://www.reddit.com/r/nautiluscoin/comments/28b8qf/announcing_nautiluscontent/-------
Announcing NautilusContent: self.nautiluscoin
submitted 3 hours ago by NautilusContent
I’m pleased to announce the development of NautilusContent. Taking a page from the playbook of Associated Content (purchased by Yahoo! and rebranded as the Yahoo! Voices publishing network), NautilusContent will be a home for high quality user generated content—and content creators will be paid for their work and creativity in Nautiluscoin. Eventually, the best work published on NautilusContent will also find its way onto a number of syndicated partner web sites as well.
NautilusContent will focus on original first person reporting, commentary, engaging video, livestream events—and of course insightful coverage of the crypto world.
We have a few fun twists to the Associated Content model. First: contributors are required to include a Nautiluscoin address with their submission: this enables readers (and NautilusContent editors) to tip you for work they’ve enjoyed. Good writers will receive tips from readers even months after their piece has originally posted. Second: algorithmic ordering for stories based on Nautiluscoin data (most tipped story over the past 24h, for ex).
Although Bitcoin is tackling the credit card payments and PayPal space aggressively with companies such as BitPay and Coinbase—which is 100% worthwhile—I see an equally juicy opportunity to modernize digital content services. We should do it now, because we can do it now.
As a former freelancer and long-time “media person,” I know the frustrations that content creators face: we aren’t always paid for our work, and when we are, the check sometimes arrives months later. Media companies aren’t too quick to open the purse strings. Crypto solves this problem and allows a well-funded, well-edited news site the ability to tip writers immediately, pay generous bounties for stories that are underreported, and make readers a valuable part of the process.
Funding & timeline
This project is privately funded, and thus there is no need for crowd funding. Additionally, a 2,000 NAUT fund has been set aside to tip initial writers between 1 and 100 NAUT per accepted piece (dependent on length, editorial need, and other factors). Another 5,000 NAUT has been earmarked to pay for the design and development of the site. I’d prefer to use a designer within the crypto community—you already drink the Kool Aid—and this is the perfect design gig for someone who sees this coin’s potential, and wants a way to accrue a lot of coins before the inevitable drift upward. Please send me some prior design work and/or mock ups if you’re interested in joining the team.
[email protected]The stated development timeline is 60 days: within that period of time, the service will launch. I could narrow this timeline, but as I’m already working non-stop on the podcast I want there to be enough time for us to create something beautiful, simple, and high impact—the kind of Internet brand that will be around for many years to come.
The first few months of operation we’ll rely on human editors. Over time, I’d like to reduce this reliance and apply an algorithmic model. We can rank the most popular stories by which ones are receiving the most NAUTs from reader tips, for example, as well as rank by traffic over past 24h, etc.
Why Nautiluscoin?
Choosing NAUT as the backbone for this new digital content venture was not a decision arrived at hastily—I researched a number of coins, and was impressed by several of them. Ultimately, however, I couldn’t go with anything else: Nautiluscoin is an alt coin with a U.S. physical address, a founder who appears on CNBC every week, and uses a time-tested algorithm with some important tweaks. In addition, I’m impressed by the performance and transparency of NAUT’s actively managed stabilization fund: the digital content platform will be much easier to run if creators can be paid and tipped out in a stable currency. Although I don’t read code, I have spoken to people who do, and I’ve spoken to currency developers to get their take on this coin—to make sure I’m not wrong, in other words. I also had the creator, Brian Kelly, on my show to ask him some lingering questions I had. (Full interview can be heard here:
https://soundcloud.com/d_seaman/bitcoin-believer-and-cnbc-fast-money-trader-brian-kelly)
I was impressed with his answers, his whole approach to crypto, and his laser like focus on getting a USD -> NAUT on-ramp ASAP.
Future opportunities
As NautilusContent shows signs of success, we’ll be expanding the idea into other areas ripe for disruption. One of those areas is iTunes: it’s a corporate middleman between artist and listener, one that need not exist in a world where instant/non-reversible payments to artists directly from listeners are now possible. It is not a coincidence that nautilustunes.com was registered at around the same time as nautiluscontent.com.
As of early last year, iTunes had already sold 25 billion songs over its platform. We can do very well by empowering musicians to get paid for their content, immediately and without Apple’s cut. Even grabbing a small piece of the legal digital downloads pie turns NAUT into a high transaction volume coin.
What you can do
As the project is privately funded and will be a for profit venture, the best thing you can do is simply support it when it launches—check out the great articles and fun video discussions we put up, tip the writers you enjoy reading with NAUTs as that will encourage them to submit more content. And of course I welcome your ideas, shoot me an email or find me on Twitter (@d_seaman).
There will also be a live NautilusContent “Keynote Address” in early September anyone can watch and participate in - We’ll use that as an opportunity to highlight other projects in the works for NAUT, and rally the community around those ventures as well.
David
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Also, if you buy a shirt for 200 NAUT and the price goes over 1$ you'll probably still be extremely happy assuming 200 NAUT isn't all you have :-)
