Thanks for your support!

There two kind of business: geek business, and real life business.

NutCoin is just the technology, it's just the beginning, and it's only 5% of what is coming.
I'm trying to keep a low profile but some guys on that forum knows my identity, what I've done so far, and what I'm capable of.

Stay tuned and continue to mine, I'll post news as soon as possible :-)

"Regard your soldiers as your children, and they will follow you into the deepest valleys; look on them as your own beloved sons, and they will stand by you even unto death"

In fact, exchange is exactly what we do not need for now.
Maybe the best is a coin's value dictated by what we see in media, and bitcoin related news and articles?

Good news --> BTC's value multiplied.
Bad news --> BTC's value goes down.

Is this what people call a sure and stable currency?
I do not think so.

China's talking about bitcoin? hop, price divided by 3 in a few hours.
Overstock is accepting bitcoin? price is jumping ...

Nutlaw is nothing more and nothing less than a guide, an average recommended value over the years so the system stays at the equilibrium.
It is based on several parameters like electricity costs, number of coins, difficulty, number of nodes etc .. and the potential value to buy goods and services, and food.

What we do not want for a currency is a value around $1000, or around $0.00001, because in the real life, it's difficult to deal with a currency to buy a dozen eggs for 0.00456 BTC.
Nutcoin was designed to be an easy to use and simple currency, pretty close to the dollar's value, so you can buy a dozen eggs for 4.5 nut.

Nutlaw will never be a reality until we can buy real things with NutCoin, and merchants start accepting it (and it will take time)
This is what I'm committed to do in the next few years, so hold your coins and forget about online exchanges, easy money, and other craps that will kill all "altcoins", one day or another.

If you want fast and easy money, try the other 250 altcoins.

400 000 000 coins milestone!

website up again. fucking OVH

- Official thread is THIS thread.
- Official website is www.nutcoin.com (no trailing s)
- NutLaw is now around $0.0004

Site is now back online.

NutLaw to $0.0003 (www.nutcoin.com)

NutLaw to $0.0002067, doubled since genesis block!

Realtime NutLaw updates on the website : http://www.nutcoin.com/

Do not worry about that. We are just at the beginning. With today's 4556 blocks (about 91M coins), we are just about 0,1% of the total coin supply plan of 92 billions of nutcoins.
How do you want people to control anything with only 0.1% of the Grand Design?

;-)

I am currently working on a new feature at network level. For now, people just need to know how not to be ripped off.

Just follow this simple equation:

This is the mathematical law that set the recommended value over time for people:



If most people follow the "nutlaw", making transactions close to the recommended price, everything will be OK in the long run.

So, if you have millions of nutcoins, hold, or you can sell a few at the actual law's price. One day, your patience will be rewarded.
If you do not have nutcoins, do yourself a favor: do not be stupid to buy nutcoins xxx times the recommend price.

This is that simple.

New Official Website: http://www.nutcoin.com/

Trusted guy.

8 connections so far (almost only MaxOSX) have made 640+ blocks.
And me : I mined 3 test blocks (I will give you my address and everything so everyone can verify in the blockchain)

./nutcoind getinfo
{
    "version" : 80602,
    "protocolversion" : 70004,
    "walletversion" : 60000,
    "balance" : 20000.00000000,     ---> 3 x 20 000 coins reward, 1 block confirmed
    "blocks" : 646,
    "timeoffset" : -11,
    "connections" : 8,
    "proxy" : "",
    "difficulty" : 0.00846364,
    "testnet" : false,
    "keypoololdest" : 1388797174,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}

I just released the source code.
the network hashpower is now more than 1202346

./nutcoind getmininginfo
{
    "blocks" : 633,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "difficulty" : 0.00846364,
    "errors" : "",
    "generate" : true,
    "genproclimit" : 3,
    "hashespersec" : 0,
    "networkhashps" : 1202346,
    "pooledtx" : 0,
    "testnet" : false
}

Sorry for the late of the Windows Wallet, we must wait for Bored723, I can not find him.

When the launch started, there was 0 block, and now, more than 600 made by the community.
I just mined 3 blocks to see if everything is OK, so please, do NOT talk me about premine.

./nutcoind getinfo
{
    "version" : 80602,
    "protocolversion" : 70004,
    "walletversion" : 60000,
    "balance" : 20000.00000000,
    "blocks" : 611,
    "timeoffset" : -11,
    "connections" : 9,
    "proxy" : "",
    "difficulty" : 0.00846364,
    "testnet" : false,
    "keypoololdest" : 1388797174,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}

because of a simple reason : I'm alone doing this and I do NOT have windows, only MacOSX.
A cool guy named Bored723 is building the Windows QT Wallet for the community since the beginning. And ... he is just away right now so be patient!

By the way, everything seems to be OK with CPU mining:

what you must install is http://nutcoins.com/Nutcoin-Qt-MacOSX-10.8-70004.dmg

the Windows Wallet is coming.

NutCoin: The Digital Cash

"Give me control of a nation's money and I care not who makes the laws" — Mayer Amschel Bauer Rothschild

S01E01 : The Genesis
S01E02 : The Sanctuary
S01E03 : The Oath

S01E04 : The Factory   <<  YOU'RE WATCHING THIS
https://bitcointalk.org/index.php?topic=397938.msg6050542#msg6050542

S01E05 : The Guardian
S01E06 : The Exchange

S02E01 : The Mission
S02E02 : The Evangelist
S02E03 : The Foundation
S02E04 : The Secret Weapon
S02E05 : The Army
S02E06 : The Art Of War

S03E01 : The Anarchy
S03E02 : The Church
S03E03 : The State
S03E04 : The Laws
S03E05 : The Freedom
S03E06 : The Promised Land

Scarcity Principle

An economic principle in which a limited supply of a good, coupled with a high demand for that good, results in a mismatch between the desired supply and demand equilibrium. In pricing theory, the scarcity principle suggests that the price for a scarce good should rise until an equilibrium is reached between supply and demand.

However, this would result in the restricted exclusion of the good only to those who can afford it. If the scarce resource happens to be grain, for example, individuals will not be able to attain their basic needs.

This is what is happening with Bitcoin. The experience told us that the value of a currency is defined by its popularity, by the faith, trust, and by what you can buy with the money to eat and to survive. It is not about its scarcity. 90% of the world population will soon not be able to get 1 BTC, so Bitcoin will never be a liquid digital currency.

Why NutCoin?

NutCoin was designed for "real world" exchanges such as buying goods, services or food. If Bitcoin is the new gold and Litecoin is the new silver, then NutCoin is the new cash for day to day exchanges.

NutCoin is faster than all other available crypto-currencies, it's secure, and has enough supply of coins to feed the entire planet for the next 15 years. We design it to challenge the US Dollar by 2024, the main reason we created NutCoin.

Total market capitalizations:

It is estimated that only 2% of all US Dollars in existence are in paper money and coins. The other 98% is digital. Bitcoin's scarcity and its $10 billions market is negligible in comparison with the "real world" market caps.

- Bitcoin: about $10 billions USD
- Total of all publicly traded companies in the world: about $50 trillion USD
- USD marketcap: $11 trillion USD by the end of 2013
- NUT target $1.3 trillion USD market cap by 2024

NutCoin Massive Planet Supply Plan

    2014 : +  7 776 000 000 more coins   --> 1 NUT = ~ $0.0001 USD recommended value
            : +  3 888 000 000 more coins
    2015 : +  1 944 000 000 more coins       Transaction Limit: ~ 50 000 NUT
            : +    972 000 000 more coins
    2016 : +    486 000 000 more coins       Transaction Limit: ~ 100 000 NUT
            : +    243 000 000 more coins
    2017 : +    121 500 000 more coins       Transaction Limit: ~ 200 000 NUT
            : +     60 750 000 more coins
    2018 : +     30 375 000 more coins   --> 1 NUT = ~ $1 USD recommended value
            : +     15 187 500 more coins
    2019 : +      7 593 750 more coins       Transaction Limit: ~ 800 000 NUT
            : +      3 796 875 more coins
    2020 : +      1 898 437 more coins       Transaction Limit: ~ 1 600 000 NUT
            : +        949 218 more coins
    2021 : +        474 609 more coins       Transaction Limit: ~ 3 200 000 NUT
            : +        237 304 more coins
    2022 : +        118 652 more coins   --> 1 NUT = ~ $10 USD recommended value
            : +         59 326 more coins
    2023 : +         29 663 more coins       Transaction Limit: ~ 12 800 000 NUT
            : +         14 831 more coins
    2024 : +          7 415 more coins   --> 1 NUT = buy something that worth $15 today
            : +          3 707 more coins
(...)

That's it: even if you have the chance to mine XX millions of nuts, you will not be able to make big transactions or withdraw more than 50 000 NUT the first months. This simple mechanism is the real innovative approach of NutCoin, and it will avoid large and massive buy/sell orders to manipulate the value of the currency. For now, APDTC is still experimental and will be set manually by the NutCoin developers.

Technical Details:

NutCoin (NUT) is a fast version of Bitcoin. It uses scrypt as a proof-of-work algorithm, massive supply for everyone, and a simple stabilization mechanism to limit speculation effects.

- 40 second block targets
- 20 000 coins per block, halves every ~6 months
- difficulty retarget every ~2 hours
- supply: 92 000 000 000 (92 billions of coins)
- current block count at launch : 0 (no premine)

What's new?

- Anti-scarcity: 92 billions on coins will be delivered in the next 10/15 years
- Long Term Vision: NutCoin have a plan, and a mission.
- Value stabilization via innovative APDTC system (Anti Pump/Dump Transaction Control) to avoid market manipulation (EXPERIMENTAL)
- NutLaw: Realtime Recommended Price Algorithm

The so called NutLaw is a mathematical function having an "S" shape (sigmoid curve) used as a recommendation for nutcoin exchanges.



How to get nutcoins?

It is not recommended to trade NUT in online exchanges before the currency is widely used and well established. We hope NUT value will stay correlated to "what you can buy with it". The recommended price for 1 NUT started at $0.0001 and is now around $0.001 USD.

Website: http://www.nutcoin.com/
Sources: https://github.com/dmx374/nutcoin
MacOSX Wallet: http://www.nutcoin.com/static/downloads/Nutcoin-Qt-MacOSX-10.8-70004.dmg (10.8+)
Windows Wallet: http://www.nutcoin.com/static/downloads/Nutcoin-Qt_Windows.zip
Reddit: http://www.reddit.com/r/nutcoin
BlockChain: http://www.nutchain.info/

RPC port: 9507
Default SuperSeed: 192.99.4.55:9508 (need to add more, PM me)

Pools:
https://www.cryptopoolmining.com/nut/
http://nut.bitember.com/
http://nut.imine.at/index.php

Community:
Giveaway (lottery) : https://bitcointalk.org/index.php?topic=433957.0
Faucet : http://www.cryptopoolmining.com/nutgift/

Online Exchanges:
https://www.allcrypt.com/market?id=202
https://www.allcoin.com/trade/nut_ltc
https://pmtocoins.com/index.php



Disclaimer:
NutCoin has nothing to do with masonic things. We just love square, compass and nuts.