Love the NSF idea. 
Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 389. (Read 901831 times)
May 08, 2014, 06:31:15 PM
This one seems to be flying under the radar. Glad I was mining on day 1. It's going to be hard to double my ~8500 NAUT, but I just rented ~20MHS to try Love the NSF idea.
Love the NSF idea. 
May 08, 2014, 06:24:18 PM
Vote here for NAUT to be added to ShareX
https://bitcointalksearch.org/topic/annexchange-sharexcoincom-sharing-its-revenue-to-the-community-598531
https://bitcointalksearch.org/topic/annexchange-sharexcoincom-sharing-its-revenue-to-the-community-598531
I don't know. I was reading how getting a new coin on too many exchanges can dilute it's value early going. I really do like Sharex and that (SHARE) is the other of the two alt coins I am currently "invested" in. Sadly I bought 500 shares from the NSF right at start here before the miners came in and dumped the price. If I had waited I would have probably get 3000 or so for the same price.
But, I've been mining (just on my CPU at home) and have doubled my holdings and the price has recovered pretty well so I'm happy to hold. I'll probably add to my holdings.
May 08, 2014, 06:09:08 PM
Vote here for NAUT to be added to ShareX
https://bitcointalksearch.org/topic/annexchange-sharexcoincom-sharing-its-revenue-to-the-community-598531
https://bitcointalksearch.org/topic/annexchange-sharexcoincom-sharing-its-revenue-to-the-community-598531
May 08, 2014, 05:29:49 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
What is this NSF you are talkin about? i dont quite yet understand what it is exactly.
The NSF is 100,000 coins that I pre-mined. I will sell those coins and receive BTC. As I receive BTC I will place buy orders for NAUT - this way the coin will have a stabilization mechanism. Any BTC made from market making (aka Stabilization Activities) will also be used to place buy orders. The more money we make the more buy support we will provide.
The plan is to keep the 100,000 coins circulating in the market to constantly provide a reasonable offer and buy support.
wow that sounds very good, im mining this coin now and buying some, 2 bad price alrready went +50% last 2 hours haha. but will go much higher i think this seems like a
very serious coin.
Glad you like. I am very serious about this coin - the problem I am solving with this coin is how to create a deep liquid market for an altcoin - once you have that it makes acceptance much easier. That is to say if merchants can convert to fiat or BTC with reasonable confidence then they are more likely to use...or at least that's the plan!
May 08, 2014, 05:23:21 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
What is this NSF you are talkin about? i dont quite yet understand what it is exactly.
The NSF is 100,000 coins that I pre-mined. I will sell those coins and receive BTC. As I receive BTC I will place buy orders for NAUT - this way the coin will have a stabilization mechanism. Any BTC made from market making (aka Stabilization Activities) will also be used to place buy orders. The more money we make the more buy support we will provide.
The plan is to keep the 100,000 coins circulating in the market to constantly provide a reasonable offer and buy support.
wow that sounds very good, im mining this coin now and buying some, 2 bad price alrready went +50% last 2 hours haha. but will go much higher i think this seems like a
very serious coin.
Compare it to ZET for an example. NAUT has 10x less coins, which means buying NAUT for 4k sats would be like buying ZET at 400 satoshis, or if you prefer... 1K NAUT = 10k ZET in quantity. Feels good enough?
And with this kind of development/ideas and a guy from CNBC (BK) behind it, I dont even think about selling anything under 20k.This is a time for accumulation, smart ppl already understood that.
See ya!
May 08, 2014, 05:15:41 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
What is this NSF you are talkin about? i dont quite yet understand what it is exactly.
The NSF is 100,000 coins that I pre-mined. I will sell those coins and receive BTC. As I receive BTC I will place buy orders for NAUT - this way the coin will have a stabilization mechanism. Any BTC made from market making (aka Stabilization Activities) will also be used to place buy orders. The more money we make the more buy support we will provide.
The plan is to keep the 100,000 coins circulating in the market to constantly provide a reasonable offer and buy support.
wow that sounds very good, im mining this coin now and buying some, 2 bad price alrready went +50% last 2 hours haha. but will go much higher i think this seems like a
very serious coin.
May 08, 2014, 05:06:06 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
If I understand correctly, thats how you'll be able to do the 1% reduction each week right?
Lets say... you sell 5000 NAUT at 2k = 0.04 btc
Now you would be able to buy/support 10000 NAUT at 1k with that btc.
So, if anyone dumps in your support order, now you have more NAUT than you had before, so besides keeping the NSF working, you would be able to remove some of these coins of the market.
Am I right?
Yes that's exactly how it works - but the 1% reduction is an algo within the code.
What I am doing with the NSF is bringing Wall Street trading to altcoins - so if I sell at 0.04 then I will buy at 0.035 - this way the NSF makes a little on each transaction and over time that will add up and can be used to support the market.
The Achilles heal is that in the beginning the NSF needs to make sales to get BTC - over the last week people have sold NAUT to levels that I decided was too low to sell for NSF therefore I stopped making sales. As the price has risen I have been able to make some sales and capitalize the NSF. The bigger the BTC holdings of the NSF the better off this coin will be, but in the beginning it can be overwhelmed by sell orders.
This is more art than science and that is why I am trading the NSF by manual at first - once it is well capitalized I will automate the process.
Interesting BK. I think it could be even better if you made the reduction working inside the NSF system. It would encourage even less dumping. Just an idea, of course.
May 08, 2014, 05:04:41 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
What is this NSF you are talkin about? i dont quite yet understand what it is exactly.
The NSF is 100,000 coins that I pre-mined. I will sell those coins and receive BTC. As I receive BTC I will place buy orders for NAUT - this way the coin will have a stabilization mechanism. Any BTC made from market making (aka Stabilization Activities) will also be used to place buy orders. The more money we make the more buy support we will provide.
The plan is to keep the 100,000 coins circulating in the market to constantly provide a reasonable offer and buy support.
May 08, 2014, 05:03:37 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
What is this NSF you are talkin about? i dont quite yet understand what it is exactly.
Nautiluscoin Stabilization Fund. Its basically a system that tries to sell some NAUT at a higher price and then provide a bigger support at lower levels. Since the money never leaves the game it aims at an stabilization/constant rise of the price. You can read more about it on the ann post and other pages BK_PHI commented about it.
May 08, 2014, 05:01:25 PM
price climbing rapidly, 3800 buy order wow !!!
May 08, 2014, 04:54:24 PM
WTB NAUT. PM me
May 08, 2014, 04:52:40 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
If I understand correctly, thats how you'll be able to do the 1% reduction each week right?
Lets say... you sell 5000 NAUT at 2k = 0.04 btc
Now you would be able to buy/support 10000 NAUT at 1k with that btc.
So, if anyone dumps in your support order, now you have more NAUT than you had before, so besides keeping the NSF working, you would be able to remove some of these coins of the market.
Am I right?
Yes that's exactly how it works - but the 1% reduction is an algo within the code.
What I am doing with the NSF is bringing Wall Street trading to altcoins - so if I sell at 0.04 then I will buy at 0.035 - this way the NSF makes a little on each transaction and over time that will add up and can be used to support the market.
The Achilles heal is that in the beginning the NSF needs to make sales to get BTC - over the last week people have sold NAUT to levels that I decided was too low to sell for NSF therefore I stopped making sales. As the price has risen I have been able to make some sales and capitalize the NSF. The bigger the BTC holdings of the NSF the better off this coin will be, but in the beginning it can be overwhelmed by sell orders.
This is more art than science and that is why I am trading the NSF by manual at first - once it is well capitalized I will automate the process.
May 08, 2014, 04:50:54 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
What is this NSF you are talkin about? i dont quite yet understand what it is exactly.
May 08, 2014, 04:46:44 PM
this coin looks interesting, is the dev active ?
Yes, its "BK_PHI", he just posted.
May 08, 2014, 04:38:47 PM
this coin looks interesting, is the dev active ?
May 08, 2014, 03:51:17 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
If I understand correctly, thats how you'll be able to do the 1% reduction each week right?
Lets say... you sell 5000 NAUT at 2k = 0.04 btc
Now you would be able to buy/support 10000 NAUT at 1k with that btc.
So, if anyone dumps in your support order, now you have more NAUT than you had before, so besides keeping the NSF working, you would be able to remove some of these coins of the market.
Am I right?
May 08, 2014, 03:40:08 PM
Have you considered a different algorithm? I see that two people are mining over half of the coins right now. Is it possible to apply the digishield to other algorithms?
Not true. I'm the one mining with 240 mh/s right now. Rented some rigs for a couple of hours, most of the time I wasnt even with all the rigs. I'm only hitting 240 mh/s for a period of 6 hours. The rest was under 140 mh/s and soon it will be again.
Full disclore? So far I wasnt able to mine more than 35k NAUT. Still have some hours to go, but thats faaaaaaaaar from "half of the coins", lol. The difficulty is going up and readjusting considerably.
I think this coin is going to be a big hit, so I'm trying to accumulate as much as I can and holding.
See ya.
I hope I didn't insult you. I just saw that on the pool your "nautiluscoins per day", according to 0feepool, was about 122,000 when there are only 243360 coins being produced a day. I am glad you are not a big asic manufacturer "testing" out their new gear and dumping the coin.
No, no. I was just showing why the change of algo isnt needed.
And if you refreshed the pool status some minutes later, you would see that quantity drop a lot because the difficulty keeps readjusting.See ya!
May 08, 2014, 12:22:42 PM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
Is the NSF trading automated or manual?
Manual for now, until I get a feel for how he market is going to trade. I want to make sure the NSF is not gamed.
May 08, 2014, 11:22:39 AM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
Is the NSF trading automated or manual?
May 08, 2014, 10:11:35 AM
Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.
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