Bitcoin Forum

---

Wallets:

 
      



[/center]




 

---

  
Nautiluscoin is a next generation digital currency and free payment network designed to process transactions faster than Bitcoin with reduced volatility.
 




Nautiluscoin was designed as a next generation digital currency. The rapid acceptance and ascent of Bitcoin has exposed several drawbacks in the original design. Volatility and slow transaction speeds may present hurdles for end users of Bitcoin. Nautiluscoin speeds up transaction time and reduces volatility making it an ideal global digital currency.

 


A transaction with Bitcoin requires an impractical ten minutes before it is confirmed, but with Nautiluscoin transactions are confirmed every sixty seconds. Keeping customers satisfied requires fast, secure transactions - with Nautiluscoin customers are on their way ten times faster than Bitcoin. Transactions are safeguarded from multi-pools using DigiShield.
 




The price volatility of Bitcoin has been a stumbling block for wider acceptance. Nautiluscoin was designed with a self-stabilization mechanism - the Nautiluscoin Stabilization Fund. Whether you choose to convert your Nautiluscoin immediately or hold for the long run, our goal is to provide a deep, stable, and liquid market.

 
Nautiluscoin Specifications:

* Scrypt
* 159.39 coins per block
* 1 minute block target
* 16,180,000 total coins
* 1% reduction every week
* DigiShield difficulty retargeting
* 1% premine

 
 
Nautiluscoin Stabilization Fund:
 

One percent of Nautiluscoin was pre-mined and partially used to establish the Nautilus Stabilization Fund (NSF). All proceeds from sales of the pre-mined coins allocated to the NSF will be used to place buy orders for Nautiluscoin. The NSF will actively make a market in Nautiluscoin to ensure a stable growth pattern. The goal of the NSF is to reduce price volatility while providing steady price appreciation. By allowing for price appreciation, the NSF will combat the effects of inflation on purchasing power.


I have noticed a lot of chatter/confusion over the NSF so I though I would expand on the purpose and design.  The inspiration for the NSF is Friedrich Hayek's book The Denationalization of Money.  

Hayek believed that the state should not have a monopoly on the creation of currency - he viewed currency as a commodity that should compete for acceptance.  He surmised that competition would create the strongest currency and society would benefit. The conclusion Hayek reached was that a weak currency (devalued) would hurt creditors as they would be paid back with currency that is worth less than when it was lent.  For example, if I lend money at an interest rate of 10% but the currency falls by 20% I am really losing 10% of purchasing power.

On the other hand, a strong currency hurts debtors as they must pay back debt with currency that can buy more than when it was borrowed.  So, if I borrow money at 10% and the currency appreciates by 10%, my interest rate is really 20%.  

Hayek concluded that both debtors and creditors would gravitate toward a stable currency because it was mutually beneficially.

The biggest criticism of Bitcoin from the financial community is its volatility - everyone has the same question,  "How can bitcoin ever become a viable currency if it fluctuates 10-20% a day?"  The volatility is a huge flaw for BTC and it is why I created Nautiluscoin.  A merchant must have a reasonable expectation that a currency can be converted to fiat if needed without losing 10% of its value. At the same time, those who want to use the currency must first buy the currency and need to be assured that they can buy enough to make a purchase without having to pay 10% higher to obtain the currency.  In other words, a stable growth pattern is needed.

I share Hayek's view that a currency should reflect its supply and demand - if more people want to use it, the price should rise. Wild daily fluctuations will kill any medium of exchange.

My original concept was to use either a currency peg system or daily band. However, as we have seen countless times these systems are flawed. Once the market realizes the entity responsible for maintaining the peg is under-capitalized people abandon the currency. For a real life example we need not look any further than the breaking of the Bank of England.

The NSF is designed to act as a speed bump - when things get out of hand in either direction the NSF has the ability to step into the market. As with all systems the NSF has a flaw too - it can be overwhelmed.  That is to say if a miner decides to dump, the NSF can only buy so much...alternatively if merchant and investment interest create tremendous demand the price can move rapidly higher.

The speed bump nature of the NSF is a way to gain acceptance, just like Hayek concluded.  The NSF does not prevent the price from appreciating significantly, it just aims to make the pace reasonable so end users of the currency will be attracted.  At the same time, the NSF cannot prevent the price falling to zero as it does not have enough fire power to buy every NAUT in existence.

A Real Life Example

The creation of the Get NAUTi shirts is a real life example of why a stable currency is needed.  Between production and shipping the shirts will cost me around $18-20 - I must convert to fiat because the printer only accepts US Dollars.  I decided to take only NAUT to illustrate how the system works.  I am charging 200 NAUT for the shirts, which at current exchange rates is about $18.  If miners decide to sell and the rate drops to 0.0001 BTC then I am only collecting $9, leaving me on the hook for $11 per shirt. I am willing to take this risk because I am trying to illustrate why a reasonably stable rate is needed.

Mrs. BK tells me I don't always explain what is going on inside my head, so I hope this helped more than confused ;)

-BK
     
 
Nautiluscoin Roadmap

---

 
 
https://i.imgur.com/NDxysYt.png
Nautiluscoin was launched and created by Brian Kelly (BK_PHI) (https://twitter.com/briankellybk)
Brian Kelly is founder and managing member of Brian Kelly Capital LLC, a global macro investment firm catering to high net worth individuals, family offices and institutions. He is also the creator of the BKCM Indexes, benchmarks for multi-asset money managers.
 
He has more than 19 years' investment experience trading U.S. and international equities, foreign currency, options, futures, metals and commodities. He has traded for many of the largest hedge funds, pension funds and mutual funds. Prior to BKCM, he was co-founder and managing partner of Shelter Harbor Capital LLC and managed the Shelter Harbor Capital Global Macro Fund. He was also co-founder and president of MKM Partners, a brokerage firm catering to institutional investment managers.
 
He graduated from the University of Vermont, where he received a B.S. in finance. He also holds an MBA from Babson Graduate School of Business with a concentration in finance and econometrics.
 
Kelly is a CNBC contributor and can be seen regularly on the show "Fast Money," "The Kudlow Report," "Money in Motion" and "Trading the Globe."
 
Follow Brian Kelly on Twitter @BrianKellyBK.


 
I created the coin to learn about cryptocurrencies and spread awareness...in the process I caught the altcoin bug!
 
Creating a cryptocurency has been a trial and error experience.  The original version of the coin had older code and wasn't sufficient to compete in this evolving environment.  However, with the help of the good people at Austin Global and Digibyte we believe we've got the best.


I selected the name Nautilus based on how they grow at a consistent rate over time and their protective powerful shells.  With this coin's unique idea of a stabilization fund and top notch developers supporting it's shell, we think it's the perfect fit for this coin.

     

 
Faucets:
 
Coming Soon
      

Good luck.. BK to the moon.

Well fellas, the original $NAUT thread has been over run and people won't post in there anymore.  So I took it upon myself to start a moderated thread so we can get back to discussing things in a respectful manner.

If you look at the post above you will see the original roadmap and the #1 goal was to build a community, I am hoping this thread will get back to giving people a place to be a part of the $NAUT community.

If you have any questions don't hesitate to ask but be aware I am not a part of the $NAUT team and do not have any details of what is currently going on with the coin.  I am an investor in $NAUT and that is where it ends.  I only know what you know.

I would like to get back to discussing POS and how it can overcome some of the short-comings of the current BTC POW system that may have a few flaws, especially ones that are starting to surface lately.

Hope to get some progressive discussion going on.

As for rules?  Its real simple, be respectful to the community.  I am all about a great debate, as long as people aren't being berated.

If I feel you are FUDing up my thread in any way, I will simply remove your post.  Its really that simple.

If you don't like it, please go tell someone who cares.

I do welcome a healthy debate in this thread though.

Enjoy

Since, this is a new thread, I can post here.

Firstly, I am no more a holder of this coin and planning not to have any, any soon.

For the debate, POS is definitely winner against POW in terms of security, being green, no additional costs like hardware, etc...
However, BTC is the widely used coin atm and using POW, which makes POW a winner, to me unless BTC switches POS later.

Any coin with similar to Bitcoin attributes may win in the long term because POW is already widely accepted and POS may become very complicated and may introduce problems accepting such algorithm by regulation if regulation comes any time soon.

Cheers.

Yes but POW is flawed, the whole point of BTC is to be decentralized, and POW gives too much power to the miners.

It started as a great idea, but the mining farms have ruined POW, the ASIC race has squandered peoples money and made people lose faith in crypto.

I personally think we need more of a hybrid model, and I do believe BTC will go part POS, or something of that nature.  It may not be exactly POS, but something has to be done about mining simply dumping coins all over the market all the time.

Also with programs like ShapeShift, this will allow other coins to be just as widely accepted as BTC

I agree on having a hybrid POW/POS model. POW can go centralized. Completely moving to POS may lead easy duplication (fake). POW protects the currency base and make it difficult to forge. POS allows interconnecting the minted blocks against forging, whilst limits the POW from allowing too much leverage on the coin.

Cheers.

Just a note about the OP - Probably should consider removing the Mintpal exchange link.  :)

PS if you came over from the other thread please check in so we can see who's here

heres the link to Brian Kelly talking at Bitcoin Ceneter New York. I suggest everyone interested take a look and allow for discussion. Of note I am a little concerned of the idea of Brian Kelly acting as a sort of Fed Reserve "Central Banking" for Naut. At least that is what I gathered from it. I like how he suggests he will act in a transparent open manner almost like an honest straight forward version of a fed chairman... But still that idea does not seem ideal to me  https://www.facebook.com/video.php?v=303078026567145  if you want skip to part 2 and listen around minutes 5-9 to get what I am talking about in regards to my concerns. Once again the audio is at times very low and poor quality. Regardless of your opinion this is a must watch for anyone interested in Naut

This is the case with any POS system, PPC does the same thing essentially.  At this point there is no way around it.

True, but people are more likely to try and manipulate something they have "mined" more than if they purchased it off the market.  The great thing about POS is if you want control, you have to buy my coins and everyone else that is holding them, so that will drive the price up.  I have yet to see ANYONE buy a nice stake in ANY coin and just dump it until its dead for no reason.  They would be in it for the money and pump the price, so you as a holder would also take advantage of the price increase or "pumps".

If your already paying bills on a business (mining) then you can accumulate large portions of the coin at the same price.  and dump it without having to spend the money to "pump" the price.  I want some of that capital that all the ASIC makers are stealing from everyone (or so the new would make it seem) to go into the BTC market cap. 

Also minting gives people a reason to hold their coin.  Tons of people are against holding or "hoarding" coins but it is essential if you eventually want to move away from swapping coins for USD and use them for your purchases directly. 

All I heard for months and months last year was "acceptance will increase BTC liquidation", but it hasn't.  With no incentive to hold the coin and build a base of the currency itself, merchants + miners dumping is forcing the price so low the hash rate is actually not going up.  That has never happened in the 1.5 years I have watched BTC.  POS and minting some coins give you an incentive to hold, at least for a period of time.

I agree. However, since the minting on POS is green and saving money from electricity and hardware, the income from staking is quite low, which forces those who stakes, holding for the long term. You may even see some peeps hold it in computer and forget about it for a whole year... Mining in POW is a bit better in terms of income, but overall considering the electricity and external hardware cost, profit is maybe the same as POS (dont have any figure for this sorry). Hybrid may also have an advantage of balancing the expected POS pumps with the plausible POW dumps, and this is what BK wants, stabilization of the price. Best,

PS: I offered BK on Twitter, for developing a platform to stabilize the price of NAUT. This platform is going to be about an intelligent algorithm involving with the game theory and the fuzzy logic. Basically, the NSF will be managed and decided by the intelligent algorithm, when to buy and when to sell to maximally stabilizing the price for a period of time, again decided by the algorithm. You may say it is a bot, but it is not quite the same... I did NOT get any response, because he does not like me anymore:)

So far with BTC this is not true though, mining has been far less profitable than buying and holding the coin.  By the time you order an ASIC, and even get it it could take a year that way.  Then you have to wait x amount of time to break even (which is usually exaggerated quite a bit)

The funds are there to spend either way, so I personally do not see how people would spend less money on buying rather than mining.  People just seem to think mining is more profitable, but with BTC so far, buying and holding has been much more profitable.

Also with POS giving the incentive to hold (just like POW gives the incentive not to fork even if you have 51%) this may actually help miners as well.  I would prefer a hybrid system, but would choose POS (for an alt coin) over POW if I had to choose.  I mean people ordered from Alpha in JAN i believe and still don't have their machines.  You could have bought BTC @ 500 in january and taken profit a few times since then.  At the end of May and around the 4th of July.  Thats 2x pop for profit.  Alpha miners haven't made anyone a dime yet.

Its all about network security, and with alts there is no loyalty to the coin, POS would change that.  Right now miners are just switching to the most profitable coin ATM.  Minting gives you more incentive to be faithful to one network.

I apologize for the delayed response-between the holiday and the book release I was swamped.

The latest update is that Julian and the other dev continue to work on the switch, they ran into a few problems but know how to fix it.

Direct e-mail content from BK to me when I e-mailed him asking;


I got this update 7 days ago.

I don't know how much more work has been done since.

Direct e-mail content from BK to me when I e-mailed him asking;


I got this update 7 days ago.

I don't know how much more work has been done since.

Thanks, thats awesome.

On another note, how's Nautijobs coming along?

Thank you! At least we see there's progress and work continues. Hopefully, we will all get a nice Christmas surprise.

i will bet you 1 bitcoin that there's no way in hell that's happening by the 25th of this year.  maybe by next year if there is a full blown community takeover.

And by "community" i mean 1 actually competent dev and a few bagholders.

At this point, i agree with you it's looking like 2015. But my interpretation of the mini update is that it's almost ready to unveil; just fixing bugs.

But think, once we have PoS the mining dumping will stop and the interest rate should rise to soak up the copious amounts of coins out there and encourage people to save. I think that alone will do a tremendous amount in increasing the price.

Uhhm, no. Sorry. The mining rewards have been lowered in the last "bryce-weiner-fix" back in october when the coin changed from Digishield to KGW. More importantly, look at other POS coins, take BC, PPC or NXT or whatever, they are pretty much all slowly (or faster in case of BC) losing value, though many POW coins look even worse (look at via to see what mining does). The change is still a good decission, but it wont make the price suddenly go up.

You need to attract fresh money, which is a struggle for every coin in a contracting, maybe close to collapsing market. Look how many coins have lost 80%+ of their value over the last months and the liquidity looks just horrible for most of them.

I also agree, if coins like BC, PPC or NXT is plummeting, then NAUT is very normal to plummet, no regular updates, etc as I mentioned in the other thread.
Hoping that this price recovers, I still hold my 90k NAUT (bought back again for the hope to recover my loss) even though I lost my faith in BK, waiting for Miracle to happen or I lose it all.

Update: Price is 4.3-4.6k now. More dump will follow if no updates etc.. Not being negative, just being realistic.

got to remove my first post  ;D I'm surprised it took that long :D

I was your first?

Yaaaay!!!


Here you go communist, delete one more.  Hahahaa.

lol this one I'm ok with, try again

You're flipping letting me down, man.  lol

Ok, since you're a man about it what's the deal with NAUT, I haven't been able to buy a 5,000 block in 4 days now and I'm almost always the top bid.  Are any of you big buyers or is this BK and his Stabilizing fund?

Cheers!

I don't know, it would be nice to get an update regardless of how busy BK is, i am surprised we didn't get one yet.

Yes I am a little, at least jyap

Yes I am a little, at least jyap

He is not exactly a frequent poster on BCT, like 5 posts this month. Would still be nice.

This

https://bitcointalk.org/index.php?topic=896480.0

has absolutely nothing to do with NAUT (not now at least). It is about our beloved pumpgroups mainly about bob. Might not be braking news for those who are around longer, I think it was a good read, so I thought I'd share it.

edit: just saw barabbas thinks it is magnificient. 

Interesting and surprising to see, there are people still interested in this coin!

Well, how is Digibyte doing these days?

I think Barrabas just got doxxed.  :D

https://bitcointalk.org/index.php?topic=591114.msg9886064#msg9886064

LMAO

There appears to be a poorly coded bot trading naut on bittrex.  i'm going to have some fun with it tomorrow  :D

i hope i didn't just tip off the bot owner and spoil my fun though.  i just thought you guys might want to get in on it with me.  Believe it or NAut, i still like you guys.  my animosity is mostly towards brian kelley at this point.

why would you dump 120k at 4730 sats? NAUT started at around 8k sats, so you are losing money on that. Also everyone is bashing on barabbas.  Are we certain the guy in the picture is actually him?

Yeah, it seemed so :) Someone has dumped nearly 120k NAUT, but I am holding mines (95K now) tight atm :)

Though I have to admit I agree with him when it comes to why cryptos arent going anywhere (scams, no ethics etc. etc.). Yes, I said it right there, I agree with him sometimes. I still wouldnt waste my time on a discussion with him.

and someone dumped dgb too (bought at 6)

The defendants have been charged with fraud, unjust enrichment, false advertising, negligence and violation of state investment statutes, according to documents filed 3rd December.

http://www.coindesk.com/florida-group-faces-fraud-charges-alleged-altcoin-pump-dump/ (http://www.coindesk.com/florida-group-faces-fraud-charges-alleged-altcoin-pump-dump/)

Did you guys see this? ^^^^

yeah, me too, bought a few at 6 but mostly on 7 :D I honestly have to dump a few NAUT to buy those cheap DGB at 7 SAT :)
I had enough BTC, so that dump was not much.

Where did you guys buy DGB at 6-7 sat?  The lowest it went on Cryptsy was 11 sat.

What a steal you guys got.  You should be able to make a lot on that trade.

Congrats!

why would you dump 120k at 4730 sats? NAUT started at around 8k sats, so you are losing money on that. Also everyone is bashing on barabbas.  Are we certain the guy in the picture is actually him?

Predictions for 2015, anybody?

My prediciton 50,000 Satoshi by March 31, 2015. Mind you that's a total WAG.

Predictions for 2015, anybody?

My prediciton 50,000 Satoshi by March 31, 2015. Mind you that's a total WAG.

Since it is prediction, my guess, it will be 3k through the end of February.
Then, will be stabilized at around 2k in March, then inevitable end. Sorry.

Based on what? I think BK still has plans and patience is key. https://twitter.com/bkbriankelly/status/549917162962702336

Based on my guess and what promises missed in the last 6-8 months.

Thats fine have your guess. Really wondering how you guessed that, so based on past promises missed. Seems fair, no doubt the development has been slow and any updates and information on Naut have been very difficult.. My guess is that there will be some uptrend in price. Time after time BK states he is committed to Naut. I believe there will be a price spike once Naut goes POS, whenever that will happen, but I think it is still very likely to happen rather than the coin eventually dying in a couple months. I think there will be another spike in price when the marketing and sponsorships of Naut happens. I think there will be another spike once BK feels confident in recommending Naut to his friends family and investors. And the last spike will come when BK on CNBC stars talking about Naut and promotes it as a safe solid investment..

So thats my guess, and if we consider what is more likely my scenario vs your scenario. I choose to believe BK when he says he is long term in regards to Naut. And if in 3 months time he simply quits Naut and allows the project to die I will be REKT and likley will need counseling,, pray for BK, pray for Naut, pray for me

Here's something, shockingly once again BK denies the death of Naut
https://twitter.com/bkbriankelly/status/549917162962702336

I noticed Halinyo is threatening to dump again, he's accumulated another 15k since the first time he threatened to.

I think it's time for another update.

PoS MUST be around the corner. I can't fathom a 3rd developer failing at this project.

BK or anybody please provide us details on where we stand.

 :D

PoS has been around the corner for 6 months.

Don't let your naut just sit around.  trade it up and down.

Why risk your BTC in this coin? It has NO developer, No respect for the investors and the only way is down already for months.....You must be totaly INSANE to risk your BTC.

It would be really nice if we got an update from BK.
Is once a week too much to ask for?

It would be really nice if we got an update from BK.
Is once a week too much to ask for?

Nope its not too much to ask for and honestly its pretty ridiculous we haven't got one. 

I personally am at the point I wish someone would just fork the coin

And i was getting shit for suggesting that in the unmoderated thread?!?!?!?

Now, does it seem like such a bad idea for me to takeover the current network, implement simple POS, start a new chain, and do a coin swap?

BK can even have the shit back if he wants it after i'm done.

I wonder if Jon Fitch is still a believer in Naut? Could he be one of this threads active posters or just a lurker?

And i was getting shit for suggesting that in the unmoderated thread?!?!?!?

Now, does it seem like such a bad idea for me to takeover the current network, implement simple POS, start a new chain, and do a coin swap?

BK can even have the shit back if he wants it after i'm done.

And i was getting shit for suggesting that in the unmoderated thread?!?!?!?

Now, does it seem like such a bad idea for me to takeover the current network, implement simple POS, start a new chain, and do a coin swap?

BK can even have the shit back if he wants it after i'm done.

he probably got the wink and the nod from BK to sell his stash about 4 months ago.

followed by "shhhhhh,   keep quiet please".

NAUT could be a real killer.  
By going POW/POS hybrid ... something like Diamond.

That means micro small rewards (where it is already) for the POW network
And stakes for the stakeholders ... what % doesn't really matter ... but 5% is nice.

The stake keeps the chain moving even if you running into some difficulty POW problems.
POW keeps the network safest.  Now you have a real instrument $BIG money might be attracted too.  (NAUT=Peer better than NAUT=Vericon)

Hey all,

Quick update.  I've been a bit busy with some other crypto related projects, holidays and some life stuff.

So what I view from a technical perspective for a coin is ensuring the longevity of it.  Mining itself needs to be incentivized, otherwise effort and cost put into securing a network greatly outweighs the benefits.  We are seeing this with Bitcoin where costs to mine outweigh the price output.

It should be noted that the inflation for Nautiluscoin is very low at the moment.  Something like 144.0 NAUT are mined each day so this is of negligible impact on the markets.  Block rewards are 0.1 NAUT.

When there is an overall downturn in Bitcoin price the overall market cap of all cryptocurrencies goes down as they are paired with Bitcoin.  For example, Litecoin now trades at $1.71 from a high of $50.  My point on price is that if you did not expect the price of NAUT to go down and overall market cap for cryptocurrencies to go down then you probably need a reality check.

As a holder/investor/fan of Nautiluscoin the best thing you can do is help spread the coin and the overall story of cryptocurrencies.

I have just sent an email to BK with my proposed changes to ensure the longevity of the NAUT coin network.

Thanks,
Julian

Can somebody take over this coin....this BK thing is getting rediculous.

We need to move forward. We have been scammed by BRIAN KELLY from http://www.briankellycapital.com/ . Now let that be the past and lets move on and look for someone who want to take over this coin while it's still on the exchanges

Read upthread a few posts. Julian is working on an update.

It is not an update, he is just informing, not even working on it yet... You can imagine how much time that might take ;)
Another 6 months? Oh sorry I forgot, we are here for the long HAUL! Right??? HODL! :D

The only reason why the price is not much dumped yet is because mining pressure is so low, nobody interested.
But those who are out of patient will be dumping so soon. Watch it ! Should I dump 95k of my NAUT ? Time will tell.
No buy walls, 2 BTC sell of NAUT will change the price to 1k SAT right away.
Watch it ! It is the best time to dump if somebody wants to get out (if you NAUT worths 2 BTC worths down to 1k)!!

It is not an update, he is just informing, not even working on it yet... You can imagine how much time that might take ;)
Another 6 months? Oh sorry I forgot, we are here for the long HAUL! Right??? HODL! :D

The only reason why the price is not much dumped yet is because mining pressure is so low, nobody interested.
But those who are out of patient will be dumping so soon. Watch it ! Should I dump 95k of my NAUT ? Time will tell.
No buy walls, 2 BTC sell of NAUT will change the price to 1k SAT right away.
Watch it ! It is the best time to dump if somebody wants to get out (if you NAUT worths 2 BTC worths down to 1k)!!

Go for it.

That's a nice chart and all, but it doesn't correlate with the http://nautinsight.buddylabsapps.com/top100   balances.  Where exactly did you find this chart anyways?

i've sold my stash and rebought at lower prices several times over now.  you all should've been doing the same this whole time.

it's just too easy to fuck with this pitiful coin.

i've sold my stash and rebought at lower prices several times over now.  you all should've been doing the same this whole time.

it's just too easy to fuck with this pitiful coin.

Actually the best time to dump would be when there is buy support and you aren't losing money

Yes, that is right unless you want a panic out, because any time we may hit to a new bottom. I know this coin will hit less than 1k SAT very soon, that is why I am trying to sell all my stash very slowly above 4k now, and still left a lot of them, no buy walls, so have to be very careful not to let someone else dump as a whole bunch before I sell all above 4k! But of course you never know, we all take risks. Yes, I regret buying it, even though I buy it when it was cheaper.

It's been over two weeks since Julian sent his recommendations and still no update from BK...

someones getting out on bittrex  cheap 34k for sale if u want more to hodl

I am nearly out :) Good luck peeps. All in DigiByte, best coin out there :)

Thanks for dumping to me.  NAUT is an excellent [100+ fold] risk/reward at 1 penny.

i've sold my stash and rebought at lower prices several times over now.  you all should've been doing the same this whole time.

it's just too easy to fuck with this pitiful coin.

no one anyone?

Are you serious?

How much NAUT are you dumping?

Give me 24 hours to come up with the BTC!

Cheers!

i just dumped about 40k or so

i just dumped about 40k or so

I mentioned things above long ago... Now I was right ! and DGB was 13 SAT at the time and now 48-52 SAT ;) You do the math for me how much profit I made ;) I am still holding a huge bag of it. And not considering to sell any soon.
So follow DGB and recover your losses from this shet. Good luck boys.

Guys, reality ! I tried to contact him personally many times and some other people too. But he simply DOES NOT care. Nobody cares. So NAUT is left to die. I will continue dumping regardless of the price. Good luck.

Tell me now much NAUT you have to dump and give me 24 hours to get the BTC.  


Edit:  Just cleaned out all the sell orders up to 5,000 sat.  Thank you very much!  ;)

Good decision, if you want in, buy back at 1k.

But WFT!!!!, you killed my slow selling strategy, shettt !  :-\ :-\ :-\  8)  :o
Maybe it is time for me to dump more on it.

Good for you I hope it works out for everyone.  I don't regret dumping this coin at all, the only thing I regret is not selling it a long time ago.  I don't have that much left and will get rid of that soon.

There is no excuse for BK's absence and I wouldn't wanna be associated it with it.

I hope everyone else does well though.

We were promised a lot of things that did not happen.  This was clearly pumped and dumped over and over.

So much for stability.  I mean look at that pump now!!!! People buying at .0001 lol the bid is only 000045.

There is no support at all, the only one buying this high is someone buying from themselves.

Honestly this is the worst investment I ever made.  I will gladly take my 3 btc (after putting 20 in) and put it into LTC.

oh and PS my BTC was also worth a lot more then.

BK was not honest in this project

Yup not honest at all.  Thats why I'm out.  I don't care if it goes to 20 bucks I wouldn't touch it or regret dumping it.

It was a total scam.

It could be that, he left the project to that hyper group.
Because he wants to get rid of naut after all.

What the...... you start a moderated thread and then trash it to hell??

Glad to see Julian is actually starting work on NAUT. I'm willing to give BK the benefit of doubt to an extent because I think he got Bryce'd too. An update would be nice but the last one was confirmation Julian was our dev and not much has happened since.

We hit 10k and this thread is full of doom...  ;D

We hit 10k and this thread is full of doom...  ;D

No excuse for not updating us.

None.

Not true.  Manipulation and accumulation are 2 very great excuses.

Is anyone having issues with conditional orders on bittrex?

sell it all, btc going up

sell it all, btc going up

I agree with this guy:  Dumb it all! 

whats the best way to get a whale to pump a coin?

I don't know, We should ask a whale.

But it is interesting the price nearly doubled minutes after I posted that I cleaned out all the order books.  Someone isn't happy with me.  lol

And I still need 12,000 coins to reach my goal.

dump on him is best way

dump on him is best way

I dumped 1/4 and immediately it went up

this coin was a total scam BTW, BK shouldn't be able to do what he did.

and I'm not trolling.  I don't believe in tricking people out of there money.

dump on him is best way

I dumped 1/4 and immediately it went up

this coin was a total scam BTW, BK shouldn't be able to do what he did.

and I'm not trolling.  I don't believe in tricking people out of there money.

I still fail to understand how dumping ones coins and pushing the price lower, while giving the manipulators your coins, will cause the manipulators to then immediately push the price up.

Can someone enlighten me?

then you start dumping the rest on him after he drives it up

bitcoin to the moon!!!!!

awwwwwwwww yiiiisssssss

I don't know, We should ask a whale.

But it is interesting the price nearly doubled minutes after I posted that I cleaned out all the order books.  Someone isn't happy with me.  lol

And I still need 12,000 coins to reach my goal.

i mean like yea he's like manipulator this manipulator that, who in the hell wants a coin like that!!!!  controlled by bots that is doging orders.

Buy a coin with a natural market, like this one was suppose to be.

Liquidity nsf blah blah blah

its a trap!!!!!

by all means pump it I will happily dump the rest i got

What a dissapointment you are.

Came back after some time away, this forum is still the same and will never do crypto any good.

My last post on bct, never again!

i mean like yea he's like manipulator this manipulator that, who in the hell wants a coin like that!!!!  controlled by bots that is doging orders.

Buy a coin with a natural market, like this one was suppose to be.

Liquidity nsf blah blah blah

its a trap!!!!!

by all means pump it I will happily dump the rest i got

I sold all my coins a couple of weeks ago.

 Brian Kelly was messed around by the people he hired, especially Bryce Weiner, that was unforgivable. However, my fears that this was just a vanity project designed to prop-up sales of his book appear to be true. The lack of updates, even a simple 'hello', have done irreparable damage to the reputation of this coin, and BK within the crypto community.

If variable pos ever happens, expect one last pump and then abandonment.

Yes that sounds like the case and that really sucks if it is, but BK should have been honest with us about it.

He was totally dishonest, all this I don't have time is bullshit.

There was a reason for his dishonesty.

You're talking about a Wall Street banker.  I completely expected this and I'm thrilled he didn't let me down.

Buy when the smart money is buying.  That time is now.

I need 12,000 NAUT to reach my goal - anybody wanna dump, let me know.  ;)

its a trap!

You could be right.  The price could collapse.  I admit it's a total gamble at this point.  BK could have totally walked away from NAUT and will never look back.  But I'm betting on the small chance his reputation (*cough) is worth more than that.  

This is totally a coin flip.

I am the one that cleared out the entire order book.  I bought up everything up to 5k.

I have massive exposure to LTC via LTC denominated alts.  It's more risky but that's the way to get maximum leverage on a huge LTC rebound, which I'm sure will hit $100+ once bitcoin gets the ETF license this year and surpasses $10k.

Coins like NAUT (MAX, START, etc.) with tiny floats and backed by major names with access to mass media should easily explode 100+ fold when the next crypto wave comes [later this year].

This is when you buy these coins up all you can and don't sell for a lousy triple.


Cheers!

no the sells were removed, no one bought anything.

Do whatever you want, anyone who buys this coin is a moron.

I bought 60,000 NAUT.  Every coin that was for sale up to 5k.

If orders after that and above that were removed then that's a different story.

I am buying NAUT with any BTC I can clear up from other ShitCoins.

I would say I have surpassed moron and am now deep into stupid territory.  lol

Good luck to you!


Edit:  Now that I have my coins I think I'm gonna harass BK on twitter.  lol

You could be right.  The price could collapse.  I admit it's a total gamble at this point.  BK could have totally walked away from NAUT and will never look back.  But I'm betting on the small chance his reputation (*cough) is worth more than that.  

This is totally a coin flip.

Is Halinyo another Barrabas sock?

I don't know but I love the hard work they have put into knocking the NAUT price in the dirt.  ;)

I don't know but I love the hard work they have put into knocking the NAUT price in the dirt.  ;)

I didn't con anyone.  Just taking advantage of other cons.

And hey, maybe I'm dead wrong in which case I just bought someone's heavy bag; thus, providing a generous community service.

You're welcome!

bro, lets say it does go up to .001 where it was before, it actually hit 00150 a few times.  how are you gonna sell 40k? lol

back then 1k naut was a lot lol

and BTC should be $500 bucks in the coming weeks, which is going to make it even harder on you.

good luck.

Is Halinyo another Barrabas sock?

Thats awesome, hope you feel great about conning people out of their money, ya know, some people actually work for theirs

Wasn't crypto suppose to be the P2P currency that unshackles us from the greedy current banking system or did i get that one wrong?

this is a shit coin with shit volume!

Crypto's suppose is making a quick buck for 95% of the people around here, including me. Internet + no regulation + money will attract shady, sacammy individuals and what we see is the result. Every single coin has been a pump+dump more or less including BTC.

Those who truly believe cryptos will make the banking system obsolete or something, should probably check their mental health status (imo).

Yep, refer to this post:

https://bitcointalk.org/index.php?topic=591114.msg10369436#msg10369436

the coin is shit.


anyone who buys it is a moron

I know you started this thread (supposedly to be FUD-free), but you've obviously grown disillusioned.  So why not just leave and move on to something else, rather than belabor the 'this coin is shit' mantra that you've been spewing the past week or so?  I'll never understand the perverse behavior of some here on BCT - if I don't like something I'll leave it, maybe with a parting shot, but that's it... The continued and belabored bashing from folks like you and barabbas just seems non-productive and DSM5-worthy.

bro im not trolling, I am not happy about being scammed.  BK flat out lied.  

I truly did start this thread to try and be FUD free, I was hoping BK would come and give an update but it never happened.

I am not spreading FUD, I am telling the truth.  That is the difference between me and everyone else.  This is a trap coin, I got trapped in it.  

This coin was suppose to be all about liquidity and getting accepted by merchants.  Turns out the 1 merchant it was suppose to have scammed everyone out of BTC too, the guy from mulah.  

I am not going to stop telling the truth.  I am not someone who can be bought or sold, I don't like tricking people out of their money even if it benefits me.  I wouldn't buy this coin if I knew it was going to 20 bucks.  Because of the scam that has already played out on it.  I do not like profiting off of others that don't know any better.

BK should have given an update during the Jon Fitch pump and dump.  That would have changed everything.  He should of told us POS wasn't coming for a long time.  He gave us hope and had us hold the coin because of it, the hope was POS would come any day.  He knew POS wasn't coming for a long time, he should have been open about it.

I have no respect for the guy, he is a bottom feeder just like everyone else trying to profit off this coin.

Sorry man but thats the truth, I am not trying to create fear, uncertainty and doubt for my own benefit.  I am letting people know if they buy this coin there is a good chance they will lose money.  Thats just the way these shitcoins with no volume and no real market value work.

I understand your point of view, although I disagree... And you do seem to fall into a different category than barabbas, so apologies for that...

However, you've said what you needed to say, several times over... I guess I don't understand the perseverating - what's being accomplished with that?  Do you see yourself as heroically saving people from spending their money on what you consider to be a shitcoin?  I just don't get why you would waste your time repeating yourself over and over again, when you could waste it on something new?

PS, JYAP, BK or anyone else affiliated with the coin cannot post in this thread.  You had 6 months to update me, now its too late.

So the purpose of this thread now is...?  Seems like just a 'complain about NAUT' thread now, if the two people officially connected to NAUT are not able to post in the thread - if it's not about new information on the coin, then I guess there's no reason for anyone to be here, unless I'm misunderstanding something.

Increase, I don't understand why you started this thread if you're gonna just knock NAUT.

Seriously, I thought you started this thread cause you were tired of hearing bashers like Barabas.  So it's odd you're knocking NAUT the way you have lately.

Maybe you're sick or the broken promises and the long wait - I can't blame you.  I hope you didn't sell all your NAUT, it would be a shame to dump right before it takes off.


Cheers!

Increase, I don't understand why you started this thread if you're gonna just knock NAUT.

Seriously, I thought you started this thread cause you were tired of hearing bashers like Barabas.  So it's odd you're knocking NAUT the way you have lately.

Maybe you're sick or the broken promises and the long wait - I can't blame you.  I hope you didn't sell all your NAUT, it would be a shame to dump right before it takes off.


Cheers!

Dumped every last one, don't want to be associated with it.

OK, fair enough - so the reasonable thing to do then would be to permanently close this thread.  If you're no longer an owner of any NAUT and you aren't going to be associated with it, I see no other viable options.

Dumped every last one, don't want to be associated with it.

Sorry to hear that man.  This is Wall Street 101.  I expected these kinds of games from guys like Keiser and BK and I'm glad they didn't let me down.  MAX, START and NAUT were artificially pushed down so they can buy a controlling stake for cheap.  

Now we just wait and let them do all the work.  It's great if you know what's coming otherwise you're right, a lot of people lost their money.  I traded stocks for a long time so I learned how the game is played with heavy losses of my own.  Enough to pay for another 4 years at a good University.  That's the school of Hard Knocks.  

Good luck!

This coin was suppose to have POS on July 4th 2014 during the Jon Fitch pump and dump.  BK never had the common courtesy to come in and say "sorry guys POS is on hold and it will be for a while"  Had I would have known that, I would have dumped my coin a long time ago.

The ONLY reason I held this coin as long as I did is because BK himself said POS was coming any day, even after they missed the July 4th target.

He wouldn't even come in the thread and have the common courtesy to post any updates.  I figured maybe he didn't want to post because there were so many trolls in the thread, so I started a moderated thread and deleted any troll post's.

Anyone that had a fair opinion without slandering, their post stayed.

So now here we are 6 months later, and still no updates from BK.  Not 1.

Morning All -

just wanted to pass along the update on PoS from the dev team:

 "i think we will be able to test the implementation before 5th july.
sources are more or less finished. just some informational stuff like staking icon and staking stats + stake modifier in kernel need some adatpions. i am on it today. i ll give you n final update tonight/tomorrow morning."

-BK

Love that co-workers were talking about the Fitch fight!!!  hopefully the momentum is just beginning.

As for best/worst practices - I agree we need to look around and see what others are doing - but most important IMO is to compete with economics - that is our value proposition.   I have a few ideas that I am fleshing out right now - but mostly I am spending time today finishing my book on Bitcoin/alts.  Of course NAUT is a big part of the book!

I think the next steps are this:

1.) Test implement PoS
2.) Update website BEFORE fight so that it clearly shows how to buy NAUT
3.) Layout long term plan - 6 months + (which I am working on now)

-BK

Morning all -

Big day for NAUT!!!! 

A few updates:

PoS

On the PoS front, we found a bug yesterday when we were preparing for final implementation and beta testing - once we have it fixed I will let everyone know. 

I would still like to have PoS switch before the fight, but I am not sure that is feasible - I would like to get your thoughts on this.

In the mean time, I will keep the ASIC farms going so we have as few confirmation issues as possible. 

PoS Multipool

Going forward, I know we have at least one PoS multipool in the works and I was contacted by another today. As well I have talked to an owner of an ASIC rig about working together with the NAUT community to lease the rig for the multipool. 

Code Audit

How come he never said it was gonna be delayed 6 months?  sounds to me it was coming any day right?

Why do you think BK hired Bryce?  I even knew Bryce couldn't even compile a windows wallet and I warned BK AND HE blocked me for warning him.  lol

He purposely hired Bryce cause he knew Bryce was incompetent and would waste 3 months and then BK would look like he wasn't at fault while the price would get killed.

BRILLIANT!  Hahahaa!

I saw BK talk about NAUT at a BTC conference, when it comes to crypto, anything but brilliant as a matter of fact.

He doesn't know shit about the crypto or tech but he knows how to make money on an illiquid [easily manipulated] asset.

I'll take that over a computer geek all day long.

Crypto is money more than it is technology.  And these money guys [BK and Keiser] will make the most out of their own coins.

this is a shit coin with shit volume and you know it. people will be smart enough to put their money in better coins

Man, I hope you're right, 3% sounds so much better than a measly 2%.  Anything below 5,000 sat I will eat up with extreme prejudice.  lol

man that ppc though

hey u get my message?

Did you guys see BK admitting today that PoS was a mistake and won't be secure?

Hahaaa, he blocked me 6 months ago for saying exactly that.

That's great news though - theyll merge mine NAUT and get a huge hash rate making NAUT good for a push into mainstream later this year.

Just like I expected!

hahahahahahahahaha mainstream  ::)

I think they'll fail [in the end] but they will at least get NAUT on GoCoin which means minimum valuation of $3 million.

I'm good with a 60 fold increase.

I could live with that!!

Naut on Go Coin? With 0.4btc volume?

A $100 "volume bot" and the cooperation of one single exchange would easily fix the volume issue.

The bigger problem is the cost of marketing to raise awareness.  After they do a simple merge mine patch and add some security and other improvements to the code, of course.

The cost of marketing is the biggest reason BK needed to grab 50%+ of the outstanding coins.

Well, that and a deep seeded desire to have absolute control over your own coin, improve security, [and to make even more money].  lol

anyone who buys this coin is an absolute moron

Does 2% make me a double moron?  lol

Pretty much, especially right now.  Tons of other coins with real action and real volume.  I've quadrupled the BTC i had in Naut already since I sold.

Naut could take a while to pay off - and it is risky.

Congrats on your move.  What did you buy, BTW?  And what are you buying now?

Cheers!

I know i said i wouldn't be coming back.  But hell, i stopped by anyways.

And now i'm wondering the same question as vlad.  

What did you buy, BTW?  And what are you buying now?


edit:  crap.  i just realized i have to come back one more time for the answer  :(

Congrats on your move.  What did you buy, BTW?  And what are you buying now?

Cheers!

You will never leave us. Admit it already.

Also, there might be better options than Naut right now, and if your Naut investment stops you from buying those, sell by all means. But I have enough spare BTC to buy any coin I want, so I cant see what can go wrong with a few BTC in NAUT. Could drop to zero, but hey thats what most cryptos do sooner or later and this one still has the remote chance to take off.

LTC, PPC and DRK

Right now BTC

this coin is done for, too bad I didn't realize it sooner.  Of course I would have had we not been promised POS almost a year ago........

Don't forget Bryce the Weiner.

If that didn't telegraph Kelly's next move then nothing will.

You still holding tight to this crap?

What is your stop loss?