Bitcoin Forum

Greek island agrees to test digital currency

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.

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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's also the author of the upcoming book, "The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World." Kelly, a CNBC contributor, often appears on "Fast Money." Follow him on Twitter @BKBrianKelly.

Disclosure: Brian Kelly is the creator of Nautiluscoin, owns Nautiluscoin tokens and makes a market in Nautiluscoin.


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



SCAM 2.0 : PEOPLE, DONT USE THAT SHIT!

So paper gold 2.0. No thanks. If I wanted money backed by gold I would buy gold.  ::)

How do you know if this really is a scam?

I bought some after reading the first article and now sold half of them for double the price.

It smells like a scam but I am keeping half just incase :)

Scam here = no future and an idiotic concept

Nautiluscoin is definitely a scam. It was a good marketing gag. The coin is over a year old with little success.

i didnt know that but thanks. proves iam right.

"The political crisis in Greece makes a government solution unlikely, so I have helped create a private solution. I think Greece could use blockchain technology to create an asset-backed digital currency that would act as a complement to the current currency regime. A parallel currency can kick-start the Greek economy and avert a humanitarian disaster. ..."


The article is great publicity, so people will be "investing" for many months to come.

Why not just simply Bitcoin? ::)

because then it wouldn't be profitable to the scammers

Indeed it is already back to the same price!

Nautiluscoin has tried various things but utterly failed in every way. Shame this gets so much attenton lol