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http://www.cnbc.com/id/102815706
 (http://www.cnbc.com/id/102815706)

This is a historic first I would say isn't it?

What?! Why would they use NautilusCoin that can hardly be bought anywhere, instead of Bitcoin or even a major Alt?
Makes no sense, seems like it might be either a lie, or an almost uninhabited island, maybe owned by the creator of NautilusCoin

This is both silly and borderline delusional.
The coin only have 31 BTC volume even now that it's getting pumped.
54% price increase at the time of writing. Why would anyone other than gamblers want to hold their savings in such a volatile form?

It doesn't even have a block explorer to take a look at the distribution.

Much luck lol

Greek people can ask Bryce Weiner to make NAUT POS. Maybe they love his skill and attitude in fixing problems

I will never touch this shitcoin again

I though we already were over with these country coin scams.

History repeats itself. People here never learn. ;)

That is a bit random, okay so if it is a success then what? surely the obvious choice is Bitcoin, interesting to keep an eye on this.

Tell me, how do you suggest Greece adopt Bitcoin? How will the nation buy Bitcoin with money they don't have to give to people who have no clue what a digital currency is? The challenges are all the same for crypto whether its Bitcoin or a lowly alt. I don't get the negativity, this is a small pilot program for a few thousand people, the Greeks on this island have nothing to lose as it sounds like they will be given the currency for free, how are they getting scammed exactly?

lol, Auroracoin mark 2

Angistri population    1.120
https://en.wikipedia.org/wiki/Angistri (https://en.wikipedia.org/wiki/Angistri)

Could you please stop misleading people? There is a huge difference between the title of this thread "Greece agrees to..." and the title of the news you quoted "Greek island agrees to..."

And then again there is also a huge difference between "Greek island agrees to..." and "Some idiots in a Greek island agreed to..."

Stopped reading when I read nautiluscoin in the article.. What a bullshit news, has no value at all.. Please bring something real next time.

Nice wallets on trex  :D

http://s10.postimg.org/5avm63ca1/naut.png (http://postimage.org/)
 (http://postimage.org/index.php?lang=german)

It's always amusing to read what coins people praise while bashing others.

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.

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

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.  ::)

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  :D :D :D

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.

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??

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

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... -_-

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.
 

the name itself , shows some kind of irony.
Where does the value go? there where nautilus usually goes -> down!  8)

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

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.


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

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

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

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" (  ??? ) 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).

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

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  ;D

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/

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 :D
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 ?

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.

+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.

Let see how they will implement this crypto currency in this small Agistri island  ;) In any case this can be something very new in Greece  ;D How can they would pay in the local shops ? I think this can be one of first questions.

they have smartphones.

Hmmm....good question, H.
What concerns me, and should concern everyone, is the danger of the Drachmae project getting hyped to a point where people have unrealistic expectations. We've seen it happen with NEM recently: a section of the NEM community massively hyped up the  launch. I saw posts literally promising people $15,000 per NEMstake immediately after launch, which was simply impossible to predict (and very unlikely).
But people bought in on the hype.....and then got disappointed almost immediately when NEM failed to go 'to the mooonnn!' and then got further pissed off with what they see as slow development. There are plenty of other examples: how would Paycoin have developed if Josh G. didn't make the ridiculous claim of a guaranteed $20 price floor ?

It's always better to promise low and deliver high, so my advice to potential investors for NAUT and Drachmae is to wait and see. There's still a lot of organisation to do before Drachmae goes live, and the situation on the ground in Greece could change beyond all recognition in the next month.

@HeroCat:
Most of the payment systems will run via an SMS gateway initially.......so no extra hardware or advanced tech needed. Everyone has an SMS capable phone.

@solid12345:
Yep, +1. It is a pretty small municipal government, though  ;)

Bah their prez ran to the Euro like a little bitch begging for a loan telling them he would do ANYTHING right after they voted no.  He doens't have the balls to do anything but suck the D's of the germans in hopes of getting another loan.

This is a commercial for yet-another-backed-by-gold altcoin. It's just something to attract noobs and rip the money off them.
I'm rather disappointed...

Sounds like something Kodtycoon would had written.  The most active thread on NXT's forum is price speculation started by Kodtycoon himself and he has been doing these things for a long time.  Kodtycoon is like the Ryan Pumper of 2.0 projects but Ryan Pumper is smart enough to use "hidemyass", unlike Kodtycoon who gives out his personal info.


https://nxtforum.org/general-discussion/price-speculation/


 He thinks NXT will hit $100 million, one NEMstake $15,000 and SuperNet will hit Trillions.  I don't think he believes in his own price predictions, he didn't become a NXT whale (post-launch) and NEM whale (post-launch) by being an holder or an evangelical.

 Remember we are talking about a guy who is 20 years old, comes from a broke family in Ireland with no assets, and yet a couple years later ranks among the wealthiest in cryptocurrency without being in NXT's original distribution or an early Bitcoin adopter.  He is a multi-millionaire from crypto, due to his pumps and his association with James, while most people like Eadeqa have taken financial losses.


 Kodtycoon operates a lot of socks, has inside info on many projects and pumps and dumps (and trolls & fuds on sockpuppets!) for MASSIVE personal profit.  

If you want to save your money from that manipulator Kodtycoon then do the opposite of his recommendation.  If Kodtycoon tells you to sell - you buy, if Kodtycoon tells you to buy - you sell.  You only follow his advice and recommendations if you are in his exclusive pump and dump circle on Slack.

Kodtycoon as evil mastermind ? And a NXT whale ? Finding that hard to believe, tbh.

As you might have noticed:  Price Speculation is the most active thread on NXTforum, because it gets used as a general thread for some reason that is lost in the mists of time.....NXT wierdos  ;D
https://nxtforum.org/general-discussion/price-speculation/23960/
Most of the thread has bugger all to do with price speculation, really.

Anyway....back to Greece.

Thank you for links,i will  register there to promote development designed for price stability,inflation deflation control and half second transaction coin and also new exellent payments service,great for companys individuals and organisation,maybe if will be demand thay can support drachma,if drachma will arrive.Looks like we will know in Sunday

Yes Sunday we will know if they are still with it or not!  ::)

For those interested or still on the fence they might read a bit about the WIR Bank and the WIR Franc which is the model for Naut. I think private and decentralized competing currencies are the future which is something Dr. Rand Paul has advocated for years and Bitcoin will not be the end-all digital currency. Competition is a GOOD thing.

https://en.wikipedia.org/wiki/WIR_Bank (https://en.wikipedia.org/wiki/WIR_Bank)

"Although WIR started with only 16 members, today it has grown to include 62,000. Total assets are approximately 3.0 billion CHF, annual sales in the range of 6.5 billion (6.8 billion USD!), as of 2005."


For those laughing at how this program is starting with only 1,000 residents, look what kind of purchasing power just 62k people can do in Switzerland alone.

Plus if its successful there is no reason the currency can't spread out from there.

Do you know some people from WIR,begining ofAugust is launching paymentservicewhat is also supporting few complimantary currencys,it works like multicurrency ex,itcouldbe great for merchants and services

Looks like WIR  have long history

After checking their website, it's not 62k people but 45k small and medium sized companies.
They also provide normal FIAT (that is to say CHF) services for private customers.

 Greece  has his own complementary currency already,EuroDrachma

https://twitter.com/EuroDrachma (https://twitter.com/EuroDrachma)

Oh wow, where can I buy some??  ???

http://cointelegraph.com/news/114814/greek-island-trials-digital-currency-solution-to-boost-economy


More info about first, real world economy effort to adopt cryptocurrency.  ;)

A little update to to Last year and NOW https://bitcointalk.org/index.php?topic=1435072.0

Unfortunately I do not control the person that made the threat and that why i posted the the reality of the project to make it clear

But what I can say is we tried digital currency on the Island and this is what is happening this year www.athena-agistri.com

I was also wondering this. I haven't even heard of Nautiluscoin so I dont know why they using it. Why not just stick with bitcoin or use another alt that has buying power

Most likely because some people in the Island have already owned a substantial amount of NautilusCoin ;)