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Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield - page 76. (Read 901824 times)

legendary
Activity: 1050
Merit: 1000
Love it when a plans starts to come together
hero member
Activity: 854
Merit: 1001
Made a couple of NXTNAUT payouts tonight:
https://bitcointalksearch.org/topic/m.12441796

@TFE:
I would recommend that you do the swap while the OLDNAUT network is still healthy. It's not all that hard, just skim through the instructions and try it out with a small amount.
But, if you really cannot run through the redemption process for any reason, then waiting on Cryptsy shouldn't be a big problem...
sr. member
Activity: 252
Merit: 250
NXTNAUT is a purely temporary name.....once the swap is over, there will be only Nautilus (NAUT). Branding stays the same (well, updated a bit)
Right now, the swap is 80% complete, so to avoid confusion we still use NAUT (old PoW) and NXTNAUT (new Nxt MS-based coin)

And that's the reason for the swap: BK/Drachmae had a good use case for a currency, but couldn't make it run using NAUT on the old blockchain, hence the swapover to a more feature rich system, ie Nxt Monetary System.

Swap will stay open as long as needed:
https://bitcointalksearch.org/topic/naut-nautiluscoin-to-nxt-based-nautilus-redemption-process-1182317
This redemption will move over to the new Drachmae exchange when it opens, I've posted a few times before here about the not very strict deadline for swaps.

So far, everyone who's done the swap is happy (I hope), and the Drachmae project has taken NAUT from a market cap of round $40,000 to $917,000.


Thanks for the answer.

[...] bittrex has already swapped old coins to new coins but cryptsy not [...]

I have coins on both exchanges, do I need to do something? or they'll take care of it?
full member
Activity: 210
Merit: 100
Just made a few payouts of NXTNAUT for tonight, slightly earlier today than usual:
(need some beauty sleep)
https://bitcointalksearch.org/topic/m.12441796

@newra:

Just to clarify my role here: I'm handling the escrow/transfer of old NAUT to NXTNAUT, as well as acting as a liaison between the Nautilus/Drachmae/Coinstructors teams and the Nxt community. Plus a bit of community relations here that seems to have crept in to my role somehow.......

With my escrow hat on : I won't allow any NAUT holder to get shafted on the exchange.
If you turn up with valid NAUT, even a couple of months down the line, it should be possible to redeem it.

Having said that, the NAUT network will start to die off as everyone moves to the Nxt-based coin, and at a certain moment it will become impractical/impossible to make transfers. So, yeah, hodl 'til the Drachmae exchange is fully operational, but not too much longer. 

@EvilDave thanks that helps a lot.
I'll try to see if I can convert a small amount with the manual process and see how it goes. Or else I will stick to my plan of doing it as soon as the exchange opens.
legendary
Activity: 1050
Merit: 1000
Love it when a plans starts to come together
sr. member
Activity: 530
Merit: 253
LDOGE aka Litedoge -stakeable 2.0 doge
there will always be a naut fork running on cryptopia exchange what will not take part in the coin swap, so the orginal coin will never be delisted and traded forever on there
hero member
Activity: 854
Merit: 1001
I'm in the same boat as you. I've got a good portion of Naut at Cryptsy. My Naut Wallet isn't synching either so can't do the conversion with Evil Dave for NxtNaut. I'm waiting for a solution, hopefully Cryptsy comes thru with one.

Wallet sync issues could probably be soved by providing your NAUT client with some nodes via nautiluscoin.conf, as detailed in Step One of the redemption thread.
https://bitcointalksearch.org/topic/naut-nautiluscoin-to-nxt-based-nautilus-redemption-process-1182317
hero member
Activity: 854
Merit: 1001

EvilDave (Stern reference?) - thanks for doing what you're doing, and for being a voice of clarity - good explanations, an impressive level of patience, etc.  Much better than Lee, with his obfuscating questions and answers, antagonistic challenges to the community, etc.


Old-skool Quake handle.....and I appreciate the thanks. I've had some practice over the last 2 years......

Lee is very good at what he does, which is to make projects actually happen in the 'real' commercial/financial/business world.
Face to face, he makes a lot of sense, I've met lots of big players who take him very seriously.
But he doesn't communicate very well on IM/fora, and has lousy conflict resolution skills. Grin

Having criticised him a bit, just remember that there would have been no Drachmae project without Lee.

@mmmd: Not good. Really. Exchange to exchange transfers are always dodgy, for this very reason.
If shit goes wrong, you are stuck with 2 separate support desks to deal with.
In theory, your NAUT should be on the old Bittrex NAUT wallet created for your account.....if the Cryptsy tx went successfully.
The wallets are still on Bittrex, in theory,  though Trex have sent all of their old NAUT to redemption for NXTNAUT.
Hopefully, they will have a wallet (maybe in backup) that can be accessed.

Have you got any wallet addresses/tx ID you can PM me ? I'll take  a look at the situation and see what we can do.

newbie
Activity: 18
Merit: 0
I'm in the same boat as you. I've got a good portion of Naut at Cryptsy. My Naut Wallet isn't synching either so can't do the conversion with Evil Dave for NxtNaut. I'm waiting for a solution, hopefully Cryptsy comes thru with one.
newbie
Activity: 8
Merit: 0
hi, yesterday i made the mistake to send NAUT from cryptsy to bittrex, which did not arrive, due to recent changes. as i understood, bittrex has already swapped old coins to new coins but cryptsy not and my old bittrex wallet address is obsolete now. bittrex support only wrote i should get in contact with the developer, so does the developer now have the old bittrex wallets after the swapping at bittrex or how can i probably get help?

best regards,
mmmd
full member
Activity: 168
Merit: 100
NXTNAUT is a purely temporary name.....once the swap is over, there will be only Nautilus (NAUT). Branding stays the same (well, updated a bit)
Right now, the swap is 80% complete, so to avoid confusion we still use NAUT (old PoW) and NXTNAUT (new Nxt MS-based coin)

And that's the reason for the swap: BK/Drachmae had a good use case for a currency, but couldn't make it run using NAUT on the old blockchain, hence the swapover to a more feature rich system, ie Nxt Monetary System.

Swap will stay open as long as needed:
https://bitcointalksearch.org/topic/naut-nautiluscoin-to-nxt-based-nautilus-redemption-process-1182317
This redemption will move over to the new Drachmae exchange when it opens, I've posted a few times before here about the not very strict deadline for swaps.

So far, everyone who's done the swap is happy (I hope), and the Drachmae project has taken NAUT from a market cap of round $40,000 to $917,000.


EvilDave (Stern reference?) - thanks for doing what you're doing, and for being a voice of clarity - good explanations, an impressive level of patience, etc.  Much better than Lee, with his obfuscating questions and answers, antagonistic challenges to the community, etc.



hero member
Activity: 854
Merit: 1001
NXTNAUT is a purely temporary name.....once the swap is over, there will be only Nautilus (NAUT). Branding stays the same (well, updated a bit)
Right now, the swap is 80% complete, so to avoid confusion we still use NAUT (old PoW) and NXTNAUT (new Nxt MS-based coin)

And that's the reason for the swap: BK/Drachmae had a good use case for a currency, but couldn't make it run using NAUT on the old blockchain, hence the swapover to a more feature rich system, ie Nxt Monetary System.

Swap will stay open as long as needed:
https://bitcointalksearch.org/topic/naut-nautiluscoin-to-nxt-based-nautilus-redemption-process-1182317
This redemption will move over to the new Drachmae exchange when it opens, I've posted a few times before here about the not very strict deadline for swaps.

So far, everyone who's done the swap is happy (I hope), and the Drachmae project has taken NAUT from a market cap of round $40,000 to $917,000.
sr. member
Activity: 252
Merit: 250
NAUT holder talking,

what is the reason to change from NAUT to NXTNAUT??

What kind of branding strategy is that???

Swap are never a good idea.


I'll tell you what's gonna happen:

Some people will lose the opportunity to swap them and you will have the forum full of trolls
 and then the dev team will say:
We're tired of the trolls,
Then NAUT will have a value of 0BTC, same as NXTNAUT

My experience from previous Swaps
hero member
Activity: 854
Merit: 1001
Awright, Nauti boys/girls/etc......just did the redemption transfers for tonight, we are now just 30,000 NAUT away from the 4 million mark....3,970,651 redeemed so far.

https://bitcointalksearch.org/topic/m.12441796
Congratulations on hitting the $1,000,000 market cap, btw. Nice one.

newbie
Activity: 29
Merit: 0
addnode=146.0.32.101 addnode=54.187.96.217 addnode=108.61.10.90 addnode=52.0.108.136 addnode=106.187.93.107 addnode=63.247.147.166 addnode=124.150.42.36 addnode=54.186.223.183

Try these
member
Activity: 133
Merit: 10

This exchange being launched is serious business - it takes a year and about a million dollars to get licensed for fiat.

Therefore...

I think BK is going to announce some big partners or VC's around the time of the exchange launch next week.

Anybody else feeling this or am I wishful thinking? 

Im hoping you're right but I had a look at the exchange website (haven't signed up yet) and can't find anything about fiat on it. I hope I'm wrong?

This is from the Drachmae.exchange FAQ:

What fiat currencies can I trade digital currencies with?

"You will be able to trade fiat currencies as soon as the beta period finishes. We will initially support USD, EUR, GBP, SGD and AUD. More currencies will be added in due course."
full member
Activity: 195
Merit: 100
NautilusCoin Community Slack Sign up

http://nautiluscointeam.com

Come join the chat  Smiley

heres a redirect link if the above one is not working

https://nautinvite.stamplayapp.com

cheers guys
full member
Activity: 195
Merit: 100
NautilusCoin Community Slack Sign up

http://nautiluscointeam.com

Come join the chat  Smiley
newbie
Activity: 46
Merit: 0

This exchange being launched is serious business - it takes a year and about a million dollars to get licensed for fiat.

Therefore...

I think BK is going to announce some big partners or VC's around the time of the exchange launch next week.

Anybody else feeling this or am I wishful thinking? 

Im hoping you're right but I had a look at the exchange website (haven't signed up yet) and can't find anything about fiat on it. I hope I'm wrong?
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net

This exchange being launched is serious business - it takes a year and about a million dollars to get licensed for fiat.

Therefore...

I think BK is going to announce some big partners or VC's around the time of the exchange launch next week.

Anybody else feeling this or am I wishful thinking? 
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