>"DigiShield still prevents multi-pool attacks & too many coins being produced to quickly"
Yes, and it also prevents the ability to use the coin. If it takes hours to solve a block, that means transactions aren't taking place. With a coin that touts FAST block times to allow it to be used for commerce... well anyway.
Well, I suppose the positive thing here is that we'll at least end up with a much lower number of coins. In the end it's actually very positive for us early investors, so I can't be too mad about all this  I feel a little bad for BK though, as he's mining at a loss to keep the network going. Still, I think we can turn that too into a positive as it shows how dedicated he is to make this coin a success. Once the switch to PoS happens and all the technical difficulties will be fixed, we'll be able to use this to show how legitimate Naut is People will feel comfortable to invest longterm knowing that this coin will be around for a long time. I mean, we already knew that but this will further reassure new investors. I agree, bk spending his own cash to keep the blockchain moving is admirable. But, when you say "at a loss" I think that might be true based on the current prices the day he was mining the coin. But, in 6-12 months if the coin keeps charting as it has been, it will be a HUGE gain. So, lets not give him the Nobel Prize for altruism just yet.  |
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what's up with ipo ?
Why don't people just sign up for the notification email and when the IPO is up and running they will know it? bottom of this web page: http://www.crypti.me/Asking in this thread every 10 minutes won't make it happen any sooner. I am happy to wait for them to get it right. |
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DigiShield by itself is fine, especially with the amplitude DigiFilter applied. DigiShield + 0.9.1 Bitcoin core update + Scrypt ASICs is the problem. We are updating this in the next DigiByte update when we switch to multi-algo mining. Bitcoin is actually having some issues as well since the 0.9.1 protocol update that no one is talking about and the Bitcoin core dev team is ignoring when you ask them. Look at this chart to see the average Bitcoin block time is now around 8 Min instead of 10 Min since the 0.9.1 core update on April 8th: https://blockchain.info/charts/avg-confirmation-timeWe are experiencing the same issue as NAUT. We are the only coins with 0.9.1 + DigiShield. We live and we learn, & we should of tested it better and it goes to show we cant rely on the Bitcoin core dev team to be perfect. The 0.9.1 core update was not around when we initially developed DigiShield. Good news is much fewer coins are in circulation for the short term. DigiShield still prevents multi-pool attacks & too many coins being produced to quickly, but a bit sluggishly at the moment. We are very much looking toward the future success of both coins and we cant wait to see POS implemented for NAUT. Cheers! I'm glad to see you are defending your code and blaming a 3rd party. The bottom line is, as it is in the current version of NAUT the digisheild is much too aggressive. It ramps up much too quickly. It should take a rolling average of multiple blocks rather than just taking the current and last block into consideration. (at least that's what I assume it is doing, I haven't looked at the code). That said, all software has bugs. But, this issue has been plaguing NAUT since the beginning and no one did anything about it. Sound familiar to "0.9.1 protocol update that no one is talking about and the Bitcoin core dev team is ignoring when you ask them."? >"DigiShield still prevents multi-pool attacks & too many coins being produced to quickly" Yes, and it also prevents the ability to use the coin. If it takes hours to solve a block, that means transactions aren't taking place. With a coin that touts FAST block times to allow it to be used for commerce... well anyway. I also will be very happy with PoS version is going and the block times are back to 40-60 seconds. I'm very willing to run the beta wallet to test PoS as well. |
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Hi all, NewsOP post updated, a lot of news there. Vesting, news of IPO and Dgex. For more info - read please. Ticker voteVote of our ticker: https://bitcointalk.org/index.php?topic=679779.0We need your help! Let's choose it together! Wallet/DevelopmentWe fixed bugs in wallet, it's already deployed, thanks community for responses and found issues. We continue work. On the end of this week we will launch PoS for invited people. If you want to be invited, please, send me your test ( TEST, not your real) secretphrase, we will install node for you. Limit for first time: 30 peoples, then we will invite more. So there is no cap on maximum investment, and no max per user? So we have the next Swarm and maidsafe. No ROI for early investors, only huge risks. But we can dump them for 50% after launch. OMG the next hated project. How can you do that? Jesus 10% per user is a joke. One of them can dump the price to exactly 0. Why would someone that paid 10% of the total IPO dump the price of the coin they just invested in to 0? |
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Hi all, NewsOP post updated, a lot of news there. Vesting, news of IPO and Dgex. For more info - read please. Ticker voteVote of our ticker: https://bitcointalk.org/index.php?topic=679779.0We need your help! Let's choose it together! Wallet/DevelopmentWe fixed bugs in wallet, it's already deployed, thanks community for responses and found issues. We continue work. On the end of this week we will launch PoS for invited people. If you want to be invited, please, send me your test ( TEST, not your real) secretphrase, we will install node for you. Limit for first time: 30 peoples, then we will invite more. So there is no cap on maximum investment, and no max per user? So we have the next Swarm and maidsafe. No ROI for early investors, only huge risks. But we can dump them for 50% after launch. OMG the next hated project. How can you do that? Will you be doing taint analysis? |
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Does anyone know if the signature giveaway has been discontinued? I got it 4 weeks in a row, then last week I didn't get the payment. Just curious. Thanks.
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Are those who used escrow forging already? Or not?
If they are using the given account - yes. If they transferred holdings to a new one - not yet. I assume it is only forging is you are running the client and logged in. OR are you saying, my dgex balance is forging even though I haven't installed and logged into a client yet? |
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How to log on the wallet? what's the URL?
https://wallet.fimk.fi:7886There is an annoying technical requirement to make an outgoing transaction somewhere before you can forge (do that before block 1440). FIMKrypto organization account is FIM-M3YE-7Q2G-JEZS-HPHK4. Can you register an alias as you can with NXT? Yes. It costs 0.1FIMK Right, so that should count as a "Sent" transaction that secures the account and allows forging. Right? |
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How to log on the wallet? what's the URL?
https://wallet.fimk.fi:7886There is an annoying technical requirement to make an outgoing transaction somewhere before you can forge (do that before block 1440). FIMKrypto organization account is FIM-M3YE-7Q2G-JEZS-HPHK4. Can you register an alias as you can with NXT? |
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v10 has some memoty leak. My node grow use of memory almost to 1G and i had to restart it.  Change run.sh to : java -Xmx1024m -Djava.library.path=libs/native -jar Qora.jar -disablerpc How change -Xmx256m to -Xmx1024m will help?  This change the memory limit to 1024m He tells you it has a memory leak (meaning it is using too much memory) so you tell him to increase the memory usage setting. That is counter intuitive. |
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FIMK is another new stock sinking below the IPO prices since IPO price is too expensive, hope this will not happen on Crypti
wth are you talking about? |
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I didn't get my Qora this week for my sig. Has been clockwork for 4 weeks prior to this. Is the script not running?
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I like Kora is confirming stakeholders.
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This issue has been raised in the past few days, but not really addressed in detail. There are two major events going right now, the POS and the fight. One event is important to the altcoin enthusiasts who have a deep understanding of how these systems work, the other event is an attempt to introduce NAUT to a group of people who probably don't know the first thing about BTC, let alone altcoins.
For me, these events are completely unrelated and should be treated as such. The POS will strengthen our hand with altcoin savvy people, and will hopefully lead to some buying of NAUT from within the altcoin community.
However, MMA fans who will be watching the fight have no interest in the technical aspects of NAUT, and we would be wasting our breath trying to explain why POS is a big deal. The issues must remain separate. The exposure we will get from the fight will be relatively useless unless we can develop a mechanism for bringing those people into the fold (i.e. having them purchase NAUT). I would argue that the overwhelming majority of them would not be willing/able to take all the steps currently needed to purchase NAUT (I can only assume the police station idea was made in jest). This needs to be a major focus. If NAUT can be the coin that becomes readily available to the masses, it becomes a real winner. It was brought up in a previous post - it needs to be a few clicks and a credit card away.
People seem very certain that the exposure from this fight will have a huge and immediate effect on the price of the coin. While I own a bunch of NAUT and will be a long term holder, I do not necessarily buy this line of thinking. We need to make it easy for some guy sitting on his couch to own NAUT - directing him to a website that focuses on technical issues like POS, Digishield, etc., and making him go through multiple steps over the course of 4-5 days makes it extremely unlikely that this person will ever own NAUT.
I would appreciate any feedback on this topic, as I am new to the altcoin community and am trying to approach this in a practical, business-centric sense. The more people that pour money into NAUT, the more the currency appreciates, let's make it easier for this to happen!
BK - I would love to get your take on this issue
How about verified ebay sellers as an option for these people. It can be done quite easily with minimal extra cost if customers are directed to sellers. The ebay idea is thinking about it on the right scale. Bartering may be the easiest and fastest solution for some people, but it's not scalable. We're trying to get NAUT to hundreds of thousands of people. The new people that we need to attract to NAUT don't have friends they can barter with. They aren't going to setup a craiglist deal in a parking lot. IMO, we'd be better off telling people to give us their email and we'll let them know when NAUT is available to be purchased easily than turning them off completely by sending them on some 10 step journey. If people get to the site with the intent to buy and leave thinking it's way too complicated, we're worse off than we started. Thinkin outside the box here...would it be too crazy to have people come to the site, see a "get your Naut-y now" button. They click it and it takes them to a page where they purchase a Nautilus t-shirt. With the Nautilus shirt purchase they get, say, 50 "free" NAUT coins. Now, I know you techy guys are thinking I'm a G-D moron. Patience. Im new to this shite! Wouldn't this eliminate the rule/law/infrastructure limiting people from buying NAUT direct with money? If so, would a voucher for said "free" coins upon tshirt purchase make sense or be allowed? Maybe, upon purchase of the tshirt the buyer has to register an account with MintPal, etc. So the steps would be... They buy their shirt and get a voucher. Then, register an account at an exchange and type in their voucher (basically the voucher is a public wallet receive address) which "pings" Nautilus who then sends them the coins. Too crazy? Too complicated? I like that it's scalable, provides additional exposure to the brand/product with t-shirt sales, and gets some "average-joes" (like my boy mjh712) easy access to the coin and alt-coin universe. It's perfectly doable. As long as there is a wallet with the coins available. I could be something built into a faucet, "enter voucher number" which sends them X NAUT based on the voucher. This is similar to what I suggested previously, where rather than getting vendors to "take" NAUT get them to use it as a marketing tool. Giving away naut for purchases, sort of like a "cash back" thing. |
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Good luck with your coin!
I removed your link from your post. Spamming the thread is not cool. |
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Have you ensured that DGEX will not have a withdrawal fee for the IPO participants?  ...for a few days at least... There is no withdrawal from DGEX. The FIMK are on a FIMK account that DGEX grants the donator access to, for free. I encourage anybody who escrowed with DGEX to transfer FIMK from the DGEX-created account to a new account using secure passphrase that only you know.
We encourage that also and so does DGEX. This arrangement enables FIMK and DGEX conclude the distribution quickly, whereas requiring every DGEX donator to supply FIMK address would have probably dragged on long. It was already a lot of work to settle and arrange just half a dozen missing blockchain.info donator details a temporary FIMK account for the genesis distribution, until they come up to identify. When I made my investment the dgex info said that the FIMK would be added to my FIMK balance on the gdex exchange. That is how they will create an ID for me. The same way they do if I was depositing FIMK into my account. So essentially the FIMK will be deposited to the dgex investors balance on the dgex exchange. So, your "FIMK" account provided by dgex will be your dgex account. I can't see them doing it any other way. |
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A scam is a scheme that seeks to gain unfair financial advantage (cheat) over another.
For example:
METH (cryptoMeth) was listed on Mintpal 2 weeks ago. Immediately, millions of coins were dumped on the exchange from one wallet, and now the devs are AWOL.
Yesterday, jackpot Coin was listed on MintPal. 9 BTC of coin was dumped immediately, dropping the proce from 1000 satoshi to 20 satoshi. The devs are now AWOL as well. Turns out the devs had premined 6 times as many coins as the 1% they admitted to.
STACKCoin had a premine IPO. He charged BTC to premine for several days before the launch. Then he extended the premine another day for more BTC. Then extended it again for 12 hours. At launch time, all went dark. No dev, No mining, no wallets, no BTC.
So if you think that the devs of this coin are going to stick around after it gets listed on a popular exchange, you are smoking funny tobacco. They will make lots of BTC in the IPO, and another smaller stash in the dump-after-exchange-listing.
I agree those are scams. Scam being either the coin never gets distributed, or when it does the dev is never heard from again and there was no source code. If I Want to scam someone I would do something like: State 100% of coins go to investors. (see no "premine" I'm legit right?) Release the source code of the coin on github Set an ipo with a BTC address and Escrow Not change the IPO date, why change it if I just plan to run. The, I simply list myself as an investor that gets a good 20-30% of the coin. So, "pre-mine" which isn't really even a valid thing to call it with a POS coin, doesn't guarantee a scam. Nor dose Escrow guarantee that it is legit. All new code from scratch in javascript seems like a lot of work to do to scam someone. He could have just forked next or Bitcoin, or peer-coin etc. That said, there is much said to wait after an IPO and buy the coins on an exchange after the initial dump period. |
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 These are my returns so far since March 24th. I've sold every pay out at market price the day it arrived. As you can see if I had held till now I would have made more and been closer to breaking even. But nonetheless I think I'll be there in about 6 weeks. Considering putting a large investment into this, it's really a no brainer. Then again, bitcoin was $571 on March 24th and today it is $652. |
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What a massive scam. Many lessons will be learned with this one, I hope.
No pain, no gain. Huge profit need huge risk.  First of all, the only people that stand to gain "huge profit" are the devs. I can't stop people from being idiots but remember this post when you lose your ass and the devs vanish with your money in a month. Why is there potential for "huge profits" here compared to any other piece of crap scam? Anybody who buys into this IPO is scary-stupid. Oh well. I tried. I've never been wrong about this before but I guess that doesn't count for much when it comes to greedy dipshits. Ooohhh thank you Jesus!))) You are really funny guy) Why do you want to lose money? I guess I don't get it. We've seen this same scam 100 times and it's always the same. How do people keep falling for it? I'm curious. What is your definition of scam? |
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Why not have the coins distributed to the DGEX FIMK account balances instead? And dgex users can then either withdraw, hodl or trade their coins?
While that could technically 'work', I agree with approach to distribute genesis all to individual donators accounts. A genesis distribution to a single DGEX account would be 57% of total IPO stake. Looks very bad, and would need a constant explanation why genesis distribution so skewed. Better to let FIMK organizers do as they plan. That's the way escrow works. FIMK should be sent to dgex, dgex then sends bitcoin to devs and FIMK to each investors FIMK balance on dgex. Otherwise, dgex would have to verify FIMK went to each investor before releasing btc. That could be a nightmare for them. The explanation is simple, it was an escrow agent. |
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