Greece agrees to test parallel cryptocurrency on small island - page 2.

cryptonikus

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Quote from: HeroCat on July 09, 2015, 08:27:56 AM

Let see how they will implement this crypto currency in this small Agistri island Wink

In any case this can be something very new in Greece Grin

How can they would pay in the local shops ? I think this can be one of first questions.

they have smartphones.

HeroCat

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Let see how they will implement this crypto currency in this small Agistri island Wink

In any case this can be something very new in Greece Grin

How can they would pay in the local shops ? I think this can be one of first questions.

solid12345

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Quote from: halinyo on July 09, 2015, 06:41:21 AM

PS: Once this project take off (CNBC, news, world and wall street will be talking about it), soon, a lot of strong investors around the world will join in NAUT. Can you imagine? They dont easily sell at profit, which will make the price stabilized with a small fluctuation. And market cap will probably compete with top 6 coins... Mark my words. And the project is near! So buy while it is cheap and hold on to it. Dont get tempted to sell... You will regret.

+1 this is why i'm buying, all the butthurt kids with their 100 dollar allowances to play in crypto can whine all they like but if you are a typical Wallstreet exec, where are you going to put your money, Another bobsurplus crank em' out and dump em' coin or one created by a respected CNBC host and financial adviser that is licensed/endorsed/supported by a Greek municipal government? It's a no brainer.

halinyo

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Activity: 1106

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The future is bright with DigiByte.

Quote from: EvilDave on July 08, 2015, 06:58:02 PM

Guys/girls: just don't buy into NAUT (or anything) until you actually see it working. Problem solved.

Here's a handful of Drachmae related links:

Overview:
http://www.drachmae.org/

Wiki:
http://www.drachmae.info/doku.php

Drachmae Connect:
http://www.drachmaeconnect.com/

Coinstructors:
http://coinstructors.com/?page_id=42

44 Phones:
http://www.44phones.com/

NXT2pay:
http://www.nxt2pay.me/

I'd like to point out that Drachmae isn't a project from what you could call the NXT core community, it's being run by Brian Kelly and Coinstructors, with support from NXT and SuperNET.
Nxt is all about providing tools to enable projects, and this is an interesting project, which is pushing crypto into mainstream attention.
Do we want the world to use crypto, or not?

BTW:

http://www.vts.com.na/

http://coinstructors.com/?p=72

Why you keep telling people not to buy NAUT? Come on Dave, I think everyone should buy NAUT and hold on to it tight. Not for pumping purposes, but to enjoy the ride and feeling like to be part of the project... I think people can start donating as well for the island... There is this dev fund, please donate if you want to help. Cheers.

PS: Once this project take off (CNBC, news, world and wall street will be talking about it), soon, a lot of strong investors around the world will join in NAUT. Can you imagine? They dont easily sell at profit, which will make the price stabilized with a small fluctuation. And market cap will probably compete with top 6 coins... Mark my words. And the project is near! So buy while it is cheap and hold on to it. Dont get tempted to sell... You will regret.

halinyo

legendary

Activity: 1106

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The future is bright with DigiByte.

Quote from: antanst on July 09, 2015, 03:01:44 AM

Nobody in Agistri knows about Bitcoin. Not even talking about Nautiluscoin or *scamcoin.

Scam.

Then everything scam? You are a scam too

bitcoin scam too? I remember the time people call bitcoin as scam when it was less than 1 dollar Cheesy

Anyway, If everything is scam, then why are you here ? lol

You guys are funny, nothing has been scam about NAUTiluscoin and Brian Kelly. They are actually trying to create a use case for a digital currency and see if it helps. Dont write before you read and think 3 times.

Once NAUT news released, everything suddenly become scam ?

That is hell funny. If you wanna buy cheap, buy it now. Dont throw mud...

Brian Kelly (no doubt he is a great wall street man from CNBC and he does his job well and lots of connections he has...) and Lee Gibson Grant from coinstructors (he wont risk his business) are the people you can trust. Drachmae will be a key project for the future of Digital Currencies, so why not support it, rather than complaining about it ?

antanst

sr. member

Activity: 294

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Nobody in Agistri knows about Bitcoin. Not even talking about Nautiluscoin or *scamcoin.

Scam.

Edit: I bothered to post because I don't like seeing my home country's crisis being used as a vehicle to prey upon the uninformed. This article sums it up quice nicely. http://cryptolife.net/scam-alert-nautiluscoin/

X68N

hero member

Activity: 672

Merit: 500

the funny thing is i bought on ebay a bunch of Drachme relly cheap (1/3 of the usual collector price).
So if the go back to the Drachme i can use them again.
Its like when an nearly dead altcoin comes back to value Grin

EvilDave

hero member

Activity: 854

Merit: 1001

Guys/girls: just don't buy into NAUT (or anything) until you actually see it working. Problem solved.

Here's a handful of Drachmae related links:

Overview:
http://www.drachmae.org/

Wiki:
http://www.drachmae.info/doku.php

Drachmae Connect:
http://www.drachmaeconnect.com/

Coinstructors:
http://coinstructors.com/?page_id=42

44 Phones:
http://www.44phones.com/

NXT2pay:
http://www.nxt2pay.me/

I'd like to point out that Drachmae isn't a project from what you could call the NXT core community, it's being run by Brian Kelly and Coinstructors, with support from NXT and SuperNET.
Nxt is all about providing tools to enable projects, and this is an interesting project, which is pushing crypto into mainstream attention.
Do we want the world to use crypto, or not?

BTW:

http://www.vts.com.na/

http://coinstructors.com/?p=72

JBC

member

Activity: 66

Merit: 10

Whoisdomain for Drachma connect says it's owned by a John Grove. John Grove who is the 44phones guy at NXT. Also saw some page which claimed it was: "award winning" ( Huh

) when the website was no older than May 2015. What awards could the website had won in the past month and a half? Maybe they had meant designed by an award winning designer, but I digress..

I would have to say this is the most elaborate pump and dump pulled off by NXT since 2014. The whole Drachma Connect is just another travel website (which advertises to British people who want to go to Greece, but who at the moment is going there?). The internet is already full of travel sites with huge userbase without the stigma of cryptocurrency.

Also what a major let down when Forbes was talking about some mayor, and it implied a city, but it turns out it's an island of a thousand people and we have no way to verify this information ourselves (beyond contacting the mayor on our own time and he may take days or weeks to get back to us. Meanwhile this thing was already pumped 200% within hours of it being made public).

solid12345

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Activity: 1246

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Quote from: Hazard on July 08, 2015, 04:55:00 PM

Relevant reading: http://cryptolife.net/scam-alert-nautiluscoin/

Not relevant because it's not true. Naut is not made with coingen, he originally made a coin in coingen for fun and then later hired the Digibyte crew to build the actual coin for him we know today.

Also how convenient this guy hasn't updated his site in a year and with all the millions of scam coins on BTCtalk decides to come out of retirement to take a swipe at this, who is the one with an agenda?

Also I don't think BK has ever claimed Naut is going to "dethrone" the market from Bitcoin as this guy proclaims. It's a niche coin for a tiny area, nothing more.

Here is a choice quote from the CNBC article that has the author in a tizzy.

Quote

In addition to being able to use the coin online for purchases, I believe there is a fertile market for small business.

Wow what a braggart Kelly is, targeting small businesses, the guy is just outright greedy and looking to build an empire ain't he? Cheesy

Also it's funny how the site disses on coingen while offering a coin creation service Cheesy

Edit: oh it's your site Hazard! Should have known Wink

X68N

hero member

Activity: 672

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the name itself , shows some kind of irony.
Where does the value go? there where nautilus usually goes -> down! Cool

I mean with a of thinking you can avoid at least more than 50% of scam coins.

EvilDave

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Activity: 854

Merit: 1001

Quote from: Hazard on July 08, 2015, 04:55:00 PM

Relevant reading: http://cryptolife.net/scam-alert-nautiluscoin/

Ooohh, Hazard.
That's a bit harsh, tbh, there's a lot more to the Drachmae project than just NAUT.

BUT: you are kind of right.
People should not buy into NAUT right now. Really. No-one involved wants this to turn into another pump and dump exercise.
Wait until NAUT is actually being used in Greece before throwing your hard-earned cash at it, and even then, be suspicious and do your own research.

junglemouse

newbie

Activity: 53

Merit: 0

Quote from: sofu on July 08, 2015, 12:30:18 PM

Nice wallets on trex Cheesy

http://s10.postimg.org/5avm63ca1/naut.png

I remember when NAUT launched. Man in a suit and tie posing all business like explaining in the ANN the same ol song and dance the majority of ALTs about how Naut will change the world... -_-

Hazard

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Activity: 980

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Relevant reading: http://cryptolife.net/scam-alert-nautiluscoin/

Foerster

full member

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Merit: 100

Sounds questionable. According to the article they will use a gold-backed central bank premine approach.
I thought crypto currencies were gold 2.0? Why do they need gold 1.0??

Quote

Nautiluscoin was originally designed as stable store of value with a "stability fund" that would act as an internal central bank to reduce the notorious volatility associated with digital currencies like bitcoin. After some trial and error, I have discovered what many others have over the last 5,000 years – the most trusted independent form of money is gold.

In order to create a stable store of value backed by gold, we will employ a two-pronged approach for Nautiluscoin. First, the Nautiluscoin Stability Fund will initially retain a majority ownership stake in Nautiluscoin. As the monetary ecosystem grows, these coins will be sold to meet demand. The goal of this program will be to provide a countercyclical monetary policy that will foster an environment that allows for steady growth in purchasing power.

EvilDave

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Quote from: solid12345 on July 08, 2015, 01:14:43 PM

Quote from: barbierir on July 08, 2015, 01:03:07 PM

Quote from: solid12345 on July 08, 2015, 12:47:45 PM

Btw the town will also be adopting NXT and Supernet as well but I don't see anyone bitching about that.

This was the expectation: either Nxt or a token created with the MonetarySystem but it's still unconfirmed, the news of Nautiluscoin has been a total surprise for Nxt community. Its relation with Nxt, if any, is still a mistery. The guy behind this project has promised a lot more news but for now there are more questions than answers!

I'll admit it comes as a surprise to me, I was led to believe BK had abandoned Naut and was instead propping up NXT now, but to me he finally did good on his investors in finding SOME use case for the coin unlike alot of devs around here who cut and run when things don't go their way.

Emmm.....I've been vaguely involved in the Drachmae project from the NXT end, and had some contact with the NAUT community.
I don't know all the ins and outs of the project, but BK hadn't/hasn't abandoned NAUT.
He had been keeping a low profile around NAUT until a role could be figured out for NAUT in the overall project, which is now being announced: the use of NAUT as a currency in the test run for Drachmae on the island of Agristi.

There's still lots of stuff to be worked out, so stay tuned.

Hollowman338

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Quote from: barbierir on July 08, 2015, 01:52:16 PM

Quote from: ifightformerkel on July 08, 2015, 01:18:59 PM

Why they choose nautilus coin.

Why not bitcoin?

I dont understand it.

They should choose Cloakcoin or NXT, or even XRA Ratecoin, but not nautilus coin. Roll Eyes

For use in the local economy of a small one-thousand people island I'd use a purpose created token. By using the Nxt Monetary-System you create the token and have control on the supply and distribution, you also don't need worrying about network security. The island administration would probably try a 1:1 peg with Eur that could even work if it remains in local use only. Rumors had that Drachmeconnect had developed a mobile wallet that supported MScoins. I hope it ends well but this a very puzzling development.

I guess that's why Greece is in such dire financial straits Cheesy

barbierir

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Quote from: ifightformerkel on July 08, 2015, 01:18:59 PM

Why they choose nautilus coin.

Why not bitcoin?

I dont understand it.

They should choose Cloakcoin or NXT, or even XRA Ratecoin, but not nautilus coin. Roll Eyes

For use in the local economy of a small one-thousand people island I'd use a purpose created token. By using the Nxt Monetary-System you create the token and have control on the supply and distribution, you also don't need worrying about network security. The island administration would probably try a 1:1 peg with Eur that could even work if it remains in local use only. Rumors had that Drachmeconnect had developed a mobile wallet that supported MScoins. I hope it ends well but this a very puzzling development.

ifightformerkel

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Why they choose nautilus coin.

Why not bitcoin?

I dont understand it.

They should choose Cloakcoin or NXT, or even XRA Ratecoin, but not nautilus coin. Roll Eyes

sofu

legendary

Activity: 1890

Merit: 1085

Degenerate Crypto Gambler

Poor people in Greek have no Euros. But they will own Nautiluscoin bags from Brian Kelly next week. I guess its better than nothing Grin

Topic: Greece agrees to test parallel cryptocurrency on small island - page 2. (Read 3086 times)