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Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 303. (Read 901853 times)

full member
Activity: 210
Merit: 100


I would like to have PoS implemented before all the coins are mined

Have you considered keeping a minimal POW reward for security purposes and adding merged mining, say under Myriad coin? I'm under the impression that at a certain point POS alone provides insufficient security.

This is what MYR is doing: https://docs.google.com/document/d/1R78lUtwnVB9o0CZpYnxWDSyZP-adgfcN4yfu1PM8jzQ/edit

It doesn't have to be anything material to park it under their merged mining chain & piggy back on their network hash and use that for security.

Yes, it is one thing I considered.  What I really want is to be able to pay a 'dividend' that is why I like PoS.  Wall Street understands thus language and it gives a reason to hold the coin.

Perhaps someone knows another way to pay a dividend besides PoS?
full member
Activity: 238
Merit: 100
I was wondering when the shirts were suppose to start showing up for people, looks like today or monday for me :-)

I got myself a rather large size as well.
hero member
Activity: 707
Merit: 500
This one is a big big..the large..but i just ordered 2 more mediums..
full member
Activity: 195
Merit: 100
How do you get a Naut shirt?

i believe they can be brought with nautilus coin at http://www.nautiluscoin.com/gear/
newbie
Activity: 2
Merit: 0
How do you get a Naut shirt?
hero member
Activity: 707
Merit: 500
I Just got my 'Get NAUTi' T-Shirt.. what a nice surprise this morning, all the way from California !!!



I'm thrilled to bits(coins)!!  Cool

Nice one! Thanks Smiley
legendary
Activity: 1736
Merit: 1001
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
my observation is why not fork the code and make it easier to mine or increase the block reward by 4 or 5 times what it is right now.

I mined for an hour this morning with 180 MH and on a pool I was in found one measly block (and I found it)- it's not worth mining any longer - the difficulty is just way too high - there's no excitement any longer for people to mine the coin - just about all of us have moved onto other coins because this coin is a waste of mining resources.


It will most likely only be mineable a little while longer anyway Smiley

hardly - we're at block 23,101 out of 101,512
That's assuming we won't switch to POS before that. I could be wrong, but I read BK's post as POS might come much sooner than that. Especially since the mining process has been slowed down due to problems with Digishield.


I would like to have PoS implemented before all the coins are mined

Will the PoS be granting/minting new coins? Or will it only be giving out fees thus keeping a CAP on the total number of coins constant providing an inflationary currency? Or will it mint new coins to X amount of circulation and then only provide fee's for securing the network?
full member
Activity: 154
Merit: 100
A few things:

NSF: buying NAUT between 9000 and 9500 right now


It seems like we have a very active and passionate community and that is incredible!

Moolah: I have been speaking with them for the last few weeks and they are going to include NAUT on the platform when V2 is released...just waiting on the update...

Marketing: I like the idea of NAUT being 'Wall Street's" coin. I know it has some negative meaning within the crypo world, but with me attached to NAUT its hard to avoid. As well, we need Wall Street to buy in...first step is Prypto cards to make it easy to buy.

Next step is to make NAUT a unit of account - that is to say 'something' needs to be exclusively priced in NAUT; I know there are some projects in the works from members of the community. I am working on a few things that Wall Street will be interested in and will be priced in NAUT.  These take some time weeks/months, the real world does not function at the same speed as crypto Wink

I am open to other suggestions and if you have a specific idea and need my help fell free to PM me.


-BK
This is really good news! :-) Moolah seems like a good company to work with. I know they've down a ton of things for Dogecoin PR-wise, and will probably do something similar for Naut if they see the potential it has.

Sorry to hammer the question about POS all the time (it's a really popular question in this thread) but do you know when it might be added, and after which block? Looking at Blackcoin as a reference, they've been pumped and dumped a bunch of times but the price still remains relatively stable. The same is true of other POS coins like Peercoin, that despite lacking any real innovation recently.

Also, and this is more serious, I think we'll have a problem with network security if we stay at POW for too long. I hope this doesn't come across as FUD, but there aren't many people mining Naut right now and more people will probably drop off during the summer. People in Crypto are usually rather impatient, and very few people will mine a coin that might make great gains in a few months when they can make a decent amount of money mining coins that are more profitable right now. Switching to POS sooner rather than later will ensure block chain security, even if the other plans takes a while to materialise. A really terrible scenario would be if BK and the community have a bunch of great things planned after the summer, but there's a security problem before that due to miners dropping off.
full member
Activity: 210
Merit: 100
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
my observation is why not fork the code and make it easier to mine or increase the block reward by 4 or 5 times what it is right now.

I mined for an hour this morning with 180 MH and on a pool I was in found one measly block (and I found it)- it's not worth mining any longer - the difficulty is just way too high - there's no excitement any longer for people to mine the coin - just about all of us have moved onto other coins because this coin is a waste of mining resources.


It will most likely only be mineable a little while longer anyway Smiley

hardly - we're at block 23,101 out of 101,512
That's assuming we won't switch to POS before that. I could be wrong, but I read BK's post as POS might come much sooner than that. Especially since the mining process has been slowed down due to problems with Digishield.


I would like to have PoS implemented before all the coins are mined
full member
Activity: 154
Merit: 100
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
my observation is why not fork the code and make it easier to mine or increase the block reward by 4 or 5 times what it is right now.

I mined for an hour this morning with 180 MH and on a pool I was in found one measly block (and I found it)- it's not worth mining any longer - the difficulty is just way too high - there's no excitement any longer for people to mine the coin - just about all of us have moved onto other coins because this coin is a waste of mining resources.


It will most likely only be mineable a little while longer anyway Smiley

hardly - we're at block 23,101 out of 101,512
That's assuming we won't switch to POS before that. I could be wrong, but I read BK's post as POS might come much sooner than that. Especially since the mining process has been slowed down due to problems with Digishield.
full member
Activity: 210
Merit: 100
A few things:

NSF: buying NAUT between 9000 and 9500 right now


It seems like we have a very active and passionate community and that is incredible!

Moolah: I have been speaking with them for the last few weeks and they are going to include NAUT on the platform when V2 is released...just waiting on the update...

Marketing: I like the idea of NAUT being 'Wall Street's" coin. I know it has some negative meaning within the crypo world, but with me attached to NAUT its hard to avoid. As well, we need Wall Street to buy in...first step is Prypto cards to make it easy to buy.

Next step is to make NAUT a unit of account - that is to say 'something' needs to be exclusively priced in NAUT; I know there are some projects in the works from members of the community. I am working on a few things that Wall Street will be interested in and will be priced in NAUT.  These take some time weeks/months, the real world does not function at the same speed as crypto Wink

I am open to other suggestions and if you have a specific idea and need my help fell free to PM me.


-BK
sr. member
Activity: 266
Merit: 250
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
my observation is why not fork the code and make it easier to mine or increase the block reward by 4 or 5 times what it is right now.

I mined for an hour this morning with 180 MH and on a pool I was in found one measly block (and I found it)- it's not worth mining any longer - the difficulty is just way too high - there's no excitement any longer for people to mine the coin - just about all of us have moved onto other coins because this coin is a waste of mining resources.


It will most likely only be mineable a little while longer anyway Smiley

hardly - we're at block 23,101 out of 101,512
full member
Activity: 154
Merit: 100
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
my observation is why not fork the code and make it easier to mine or increase the block reward by 4 or 5 times what it is right now.

I mined for an hour this morning with 180 MH and on a pool I was in found one measly block (and I found it)- it's not worth mining any longer - the difficulty is just way too high - there's no excitement any longer for people to mine the coin - just about all of us have moved onto other coins because this coin is a waste of mining resources.


It will most likely only be mineable a little while longer anyway Smiley
sr. member
Activity: 266
Merit: 250
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
my observation is why not fork the code and make it easier to mine or increase the block reward by 4 or 5 times what it is right now.

I mined for an hour this morning with 180 MH and on a pool I was in found one measly block (and I found it)- it's not worth mining any longer - the difficulty is just way too high - there's no excitement any longer for people to mine the coin - just about all of us have moved onto other coins because this coin is a waste of mining resources.

full member
Activity: 210
Merit: 100
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.

I have not been active on Reddit...it seems that I need to be?
full member
Activity: 210
Merit: 100
here are some ideas that i believe will help naut

-dedicated forums
with different sections so information is easy to find instead of just posting all problems in this thread.
i can sort this out if ur interested bk, name registration and hosting along with site design can come out of my own pocket as i believe in this coin.

-NSF page for transparency page with all trades listed
this could also be listed on the forum as well, showing transparency and maybe even nauti ppls can share their ideas on best way to perform the price appreciation in current market conditions.

-paper wallet
a much requested item, im sure someone will be able to create something along these lines as cold storage is good for long term investors.

-multi algo multipool that mines the most profitable coins and exchanges them for naut (when it goes pos mode)
multipool combine with the NSF should be a very good start with price appreciation on top of merchant adoption and naut going POS
IMO this is rather important and could be set up soon as we have confirmation that BK is working on POS as we speak!!!!

-tipping bot
i know its in the works but being able to tip someone on facebook even can go along way, everyone love free money and it drives new user to the crypto world.

-mobile wallets (iOS & Android)
this can come down the track but its always good to talk about ideas surrounding the notion.

-Faucet for free naut (obviously small amount)
a faucet that pays out coin for sharing in some viral way on social media.

-bounties for media like articles, blogs and videos etc. marketing naut to investors and savers as a stable growth wall street crypto coin.

i can even make a catchy nautilus song, i have been a music composer and producer for many years. Could make a catchy dance track, something to get the nauti ppl moving =)

If you guys got some more ideas please share them, we can build this thing to be something special right in time for wall street investors getting involved in crypto. If we can get super stable growth we can pitch it to investors as a hedge for volatility in other coins.

imo social media has a big impact in the crypto world so a little bit of a marketing campaign in the social circles mite spread awareness.

LOVE these ideas!!!!
full member
Activity: 154
Merit: 100
It's nice to see the price relatively stable despite a fair amount of dumping :-) I think it's safe to say that this is close to the bottom as long as nothing crazy happens, and even then it will only be a temporary drop. I know that I'll keep buying at these levels and support the coin any way I can. Never been this confident about an alt coin since I bought Blackcoin at 4000 satoshi!
full member
Activity: 195
Merit: 100
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.


that would be awesome css masters are always needed, also the facebook head img needs to be higher res just to make it a little more professional looking.


also BK the mining pools on the front of this thread needs updating as some of them are dead
full member
Activity: 204
Merit: 100
My vote goes towards more activity on the reddit page.  I'd like us all to get naut-i over there.

i was a .css master in a prior life, so i could spruce up the reddit page if needed.
newbie
Activity: 29
Merit: 0
Not to shit on the effort you're putting in banana2995, but a forum unless planned very well and designed very well, would not be as useful as using what already exists. Like this thread, though it is very active so that's not a problem. But we also have the NautilusCoin subreddit and now a Facebook page. Reddit could be more useful, I mean if anything they should make someone as active and as eager as you a moderator on it.

If a dedicated forum is created, it runs the risk of becoming very inactive and that can be pretty damaging to the image of a coin. Instead we should focus on making what we already have as active as possible.
No offense taken. I try to be active on the Nautiluscoin subreddit as well as chime in here every once in a while. Is there any more infrastructure that we can create or get ready? Recruiting members is always the hardest part of growing a new coin.
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