PoS Update


We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure.  I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Mintpal/Vericoin

Since I don't have all the information I cannot respond fully to the situation.  I am reading all I can about what occurred - if anyone has information that I should read please let me know.  Rest assured, if it is possible to protect against an attack we will do everything we can to prevent it.

It seems to me that the exchanges are the weak link of the digital currency world. In reality they are no different than the money center banks that operate in the centralized financial system we currently use -TO BE CLEAR WE NEED EXCHANGES.  Bitcoin/altcoins remove a good portion of the middlemen from financial services but  as long as exchanges represent a single point of weakness they will continue to be hacked. As of now they represent the only entry and exit into the digital currency ecosystem.

FWIW, I have the NSF in several wallets, most of which are offline most of the time. 

My suggestion is to keep as few coins at exchanges as possible - we need a place for buyers and sellers to meet, therefore exchanges are in integral part of the digital currency ecosystem. At this point in time, without the exchanges the digital currency ecosystem will fail. 

This breach highlights why I do not want to be the biggest miner on the NAUT network, since I represent a single point of failure. 

To reduce the single points of failure I will make it part of the NAUT 'manifesto' to be the coin that continually strives to be decentralized.  Anything we can implement to decentralize operations will be considered. 

On a related note: the current scams that are occurring should put everyone on notice that the blockchain solves a lot of problems, but cannot do away with human greed.

In the words of Sgt Esterhaus of Hill Street Blues - 'Let's be careful out there'

-BK

There is a flaw in Digishield which miners are exploiting. I am personally mining the coin with a few ASIC farms to mitigate the stuck blocks. We are switching to PoS which will solve this problem

-BK

Yes, this is the correct wallet version, the only difference on the recent mac wallet posted is that it is now a SIGNED wallet. So if you did update it, it will still show the same version number.

presale coins distribution - proportional bid system is not an ideal model. The person who bids high takes most of the coins and peanuts for the rest. You should have made first come first serve model. Not fair.

Yes, it's all tracked here http://presale.viacoin.org/list.html

Agree, but I really don't know how URO through this week on mintpal, it was really shocking because ZS was leading from every other coins.

definitely need a block explorer. I'll try and come up with a simple logo

OMG!

Hello to all,

Just a quick update about the white paper.

For those telling they got access to the paper, no one has read a line of it, not even the marketing team .

We will try our best to have it ready for tonight, but I'm pretty sure it will only be ready for tomorrow. (remember I said friday-saturday   )

Last thing, if the white paper is not good enough people will see it and price will drop. So there's absolutely no logic in all FUD talking here, the most logical move if we wanted to sell the premine was selling it when the price was at 8000 when we got on MintPal, or even better sell it before distributing half of it.

Anyway, you'll all be able to judge by yourself the facts when you'll be reading the white paper .

there is details to be worked out, but things cannot be trustless

we need trust in the system otherwise nothing will ever work

do you go to work not trusting the guarantee that your employer will give you a paycheck?

of course you don't, you trust your employer otherwise why even go to work

this would mean a middleman being involved and certain regulations would have to be put in place in order to guarantee the transaction

Heh after the 'anonymity' fad wears off this might just be a thing. I could imagine a wallet offering 3rd party 2FA in return for a slightly higher transaction fee.