Well, it seems like all the trading volume is now on Poloniex 285k NAUT in the last 24 Hours while only 1852 over at AGX.io... looks like the security breach really hurt them.
Or is it just the number of people on Poloniex vs AGX?
Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 363. (Read 901853 times)
May 14, 2014, 09:18:15 AM
May 14, 2014, 09:00:46 AM
NAUT about to get a massive erection here in a day or so 
I like erections.
massive?
LOL
May 14, 2014, 08:58:39 AM
oh happy day - network hash is down to 2 ghs and returns on mining are going back up.
the novelty has worn off
back to our regularly scheduled programming
yup for about maybe 5 hours i assume alot of people haven't even seen this yet, to focused on x11 coins atm the novelty has worn off
back to our regularly scheduled programming
May 14, 2014, 08:53:10 AM
oh happy day - network hash is down to 2 ghs and returns on mining are going back up.
the novelty has worn off
back to our regularly scheduled programming
the novelty has worn off
back to our regularly scheduled programming
May 14, 2014, 08:44:58 AM
how long will the mining last? about 70 days?
May 14, 2014, 08:39:33 AM
NAUT about to get a massive erection here in a day or so
I like erections.
May 14, 2014, 08:31:50 AM
NAUT about to get a massive erection here in a day or so
lol that made me giggle May 14, 2014, 08:30:08 AM
NAUT about to get a massive erection here in a day or so
May 14, 2014, 07:10:08 AM
Like this coin, good features and specifications. Added signature, thanks.
May 14, 2014, 07:05:32 AM
The Get NAUTi t-shirts idea is great, the rest I am not so sure about. The only REAL way to add value to a currency imho is to sell something that people want, but accept only that currency and hence increase it's demand. And the more people want that thing, the more value your currency will have. You can think of the Petrodollar system as a large scale example. Imagine for a second that the only currency in which you could trade petrol was NAUT... see what I mean?
May 13, 2014, 11:56:29 PM
I wish that people would also mention in these arguments the best reason to stop mining: the sheer waste of it. I love that PoS is becoming more common because the incredible waste of resources is shameful.
That is just crazy hippie crystal gripping nonsense! It's my electricity not yours or anybody else's. What I choose to use it on is my business, not yours. If you don't like using power to mine, then don't. Don't tell me or anyone else that because you don't like it, that it is somehow shameful.
Long live capitalism and freedom!
Well it's not economically efficient in a capitalist system to waste resources. If I built a toaster that uses double the electricity of another toaster does that make it inherently more valuable?
Your understanding of capitalism is flawed. If I spend $100.00 on electricity to create $300.00 in crypto, then yes it is efficient. I have created value and added to the economy not reduced it. The fact that I spent the $100.00 in electricity has no bearing on the value of the crypto. If I could not make enough to cover my costs, the activity would cease.
My point is that using power to mine is not inherantly bad as foxy suggested. This idea is prevalent in the enviro-nazi movement and I find it disgusting.
May 13, 2014, 11:31:43 PM
BitTrex link should be added to the first post and the main site:
https://www.bittrex.com/Market/Index?MarketName=BTC-NAUT
https://www.bittrex.com/Market/Index?MarketName=BTC-NAUT
May 13, 2014, 10:57:26 PM
I wish that people would also mention in these arguments the best reason to stop mining: the sheer waste of it. I love that PoS is becoming more common because the incredible waste of resources is shameful.
That is just crazy hippie crystal gripping nonsense! It's my electricity not yours or anybody else's. What I choose to use it on is my business, not yours. If you don't like using power to mine, then don't. Don't tell me or anyone else that because you don't like it, that it is somehow shameful.
Long live capitalism and freedom!
Well it's not economically efficient in a capitalist system to waste resources. If I built a toaster that uses double the electricity of another toaster does that make it inherently more valuable?
May 13, 2014, 10:18:34 PM
I wish that people would also mention in these arguments the best reason to stop mining: the sheer waste of it. I love that PoS is becoming more common because the incredible waste of resources is shameful.
That is just crazy hippie crystal gripping nonsense! It's my electricity not yours or anybody else's. What I choose to use it on is my business, not yours. If you don't like using power to mine, then don't. Don't tell me or anyone else that because you don't like it, that it is somehow shameful.
Long live capitalism and freedom!
May 13, 2014, 09:50:49 PM
My issue with POS is if mining is a waste of resources, why even have a mining period for POS coins period? Seems silly to have these quick 7 day mining periods that seem to only benefit multipools and those with megarigs, why not just issue every coin as an IPO at a fair price for anyone to buy regardless whether they are a trader or a miner?
May 13, 2014, 09:35:28 PM
Can someone explain to me...how is this coin being ignored so much?? Usually mintpal and coinmarketcap are all over coins doing this well!
The issue is that right now the coin is being heavily mined and dumped which will continue for awhile until mining has slowed down near it's finish.
Unfortunately like all coins (even BTC) that are setup with such a high inflation rate (around 7-10% per day now with NAUT) it will be hard to raise the price until it's fully mined out.
A good example is MYR. It could never get it's price to stay over 500-600 satoshi. Great innovation but poor specs.
PoS coins and limited mining run coins are the future of Crypto and the key to holding value in it.
Most investors in Crypto know this and will not put money in new coins that are mined heavily. It's just asking to lose money.
The market cap will rise (with the increased "shares") but the coins price will stay flat or drop until mining is over.
There may be surges in price but that will lead to heavy mining to crush the price in the surge.
NAUT is a great idea and has excellent press and backers but would have a better outcome if the coin was forked to accommodate a considerably faster mining reduction and PoS.
I do not own at this time but I am posting this due to the publicity the coin has and how ordinary people will perceive the coin, and crypto in general, when the value drops or fails to rise.
very good post
May 13, 2014, 09:24:38 PM
I wish that people would also mention in these arguments the best reason to stop mining: the sheer waste of it. I love that PoS is becoming more common because the incredible waste of resources is shameful.
but this time I agree with you Yoyo. except for the bit where you say investors won't put money in mined coins. people are putting money into just about anything on this forum sadly, but that's a whole other conversation.
but this time I agree with you Yoyo. except for the bit where you say investors won't put money in mined coins. people are putting money into just about anything on this forum sadly, but that's a whole other conversation.
Proof of stake is just a way to get raped even sooner and someone gets to use your money.... think about it...
May 13, 2014, 09:18:25 PM
I wish that people would also mention in these arguments the best reason to stop mining: the sheer waste of it. I love that PoS is becoming more common because the incredible waste of resources is shameful.
but this time I agree with you Yoyo. except for the bit where you say investors won't put money in mined coins. people are putting money into just about anything on this forum sadly, but that's a whole other conversation.
but this time I agree with you Yoyo. except for the bit where you say investors won't put money in mined coins. people are putting money into just about anything on this forum sadly, but that's a whole other conversation.
May 13, 2014, 09:14:10 PM
Can someone explain to me...how is this coin being ignored so much?? Usually mintpal and coinmarketcap are all over coins doing this well!
The issue is that right now the coin is being heavily mined and dumped which will continue for awhile until mining has slowed down near it's finish.
Unfortunately like all coins (even BTC) that are setup with such a high inflation rate (around 7-10% per day now with NAUT) it will be hard to raise the price until it's fully mined out.
A good example is MYR. It could never get it's price to stay over 500-600 satoshi. Great innovation but poor specs.
PoS coins and limited mining run coins are the future of Crypto and the key to holding value in it.
Most investors in Crypto know this and will not put money in new coins that are mined heavily. It's just asking to lose money.
The market cap will rise (with the increased "shares") but the coins price will stay flat or drop until mining is over.
There may be surges in price but that will lead to heavy mining to crush the price in the surge.
NAUT is a great idea and has excellent press and backers but would have a better outcome if the coin was forked to accommodate a considerably faster mining reduction and PoS.
I do not own at this time but I am posting this due to the publicity the coin has and how ordinary people will perceive the coin, and crypto in general, when the value drops or fails to rise.
I will wager money that you are wrong. I will bet you that this coin hits 40,000 satoshi in the next 7 days.
This coins will not be mined out for quite some time and this one is different - there's transparency here and it's not an 'every man for himself' attitude with this coin - you're not constantly worrying about when the grand dump will come and drives prices into the basement. This coin has stability - what the government doesn't provide the stabilization fund does - it's why other coins are constantly raped by opportunists.
and slower mining is what keeps everyone coming back - if they could mine t fast - they'd dump it even faster....
the coins that have lasting value are the ones that are difficult to obtain and I'm glad this coin is...
May 13, 2014, 08:40:49 PM
Can someone explain to me...how is this coin being ignored so much?? Usually mintpal and coinmarketcap are all over coins doing this well!
The issue is that right now the coin is being heavily mined and dumped which will continue for awhile until mining has slowed down near it's finish.
Unfortunately like all coins (even BTC) that are setup with such a high inflation rate (around 7-10% per day now with NAUT) it will be hard to raise the price until it's fully mined out.
A good example is MYR. It could never get it's price to stay over 500-600 satoshi. Great innovation but poor specs.
PoS coins and limited mining run coins are the future of Crypto and the key to holding value in it.
Most investors in Crypto know this and will not put money in new coins that are mined heavily. It's just asking to lose money.
The market cap will rise (with the increased "shares") but the coins price will stay flat or drop until mining is over.
There may be surges in price but that will lead to heavy mining to crush the price in the surge.
NAUT is a great idea and has excellent press and backers but would have a better outcome if the coin was forked to accommodate a considerably faster mining reduction and PoS.
I do not own at this time but I am posting this due to the publicity the coin has and how ordinary people will perceive the coin, and crypto in general, when the value drops or fails to rise.
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