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1  Alternate cryptocurrencies / Announcements (Altcoins) / [NAUT] Nautiluscoin to Nxt-based Nautilus redemption process. on: September 16, 2015, 08:41:18 PM
This redemption process is closed as of 8 November 2015.

If you still have NAUT that you want to redeem to the new NXTNAUT:


Following on from this press release from Brian Kelly, creator of Nautiluscoin:
Update on the Nautiluscoin Project
^^click here, full PDF of Press Release^^

This thread will explain the entire redemption process to magically transform 'old' PoW NautilusCoin (NAUT from now on)
into the 'new' Nxt Monetary System-based Nautilus currency (NXTNAUT):
The transfer will be on a 1 to 1 basis: so one old NAUT gets you one new NXTNAUT.

As part of the Drachmae project, there will be a dedicated exchange for the NXTNAUT MS currency,
this will go live on the 26th September and allow both redemption of NAUT and trading with NXTNAUT.

However, Brain Kelly and the Drachmae team would like to offer a method to redeem Nautiluscoin for Nautilus before then,
so they've asked the NXT Foundation to organise and escrow a transfer system, to allow the Nautiluscoin community to get in early.

NXT Foundation is a non-profit group,  set up by five early Nxt adopters, to both provide support to the overall decentralised Nxt eco-system,
and to act as a point of contact for businesses and external projects:

As for me, I’m Dave ‘EvilDave’ Pearce, you can check out my profile here:;u=174118
I’m a founding member of the NXT Foundation, and not completely evil.

Enough introduction, this is what you need to do:

Step One: get your clients installed and running.

You will need a Nautiluscoin client, available here:
As NAUT is derived from BTC, set-up and configuration should be pretty simple,
but you may need to add nodes to nautiluscoin.conf:


Any questions/support needed, just ask here or on the main Nautiluscoin thread:

You will also need a Nxt NRS client, available here:
The latest production build is 1.5.15, the .jar version works on any platform with Java, (Win, Linux, Mac),
the .exe is a code-signed one-click Windows installer.

As Nxt is completely new code, some of you may not be familiar with it. Wink
There are a couple of good quickstart guides available:
For Mac users, check this out:

If you have any issues, ask for help here, or on the Nxt Forum:
We’ve set up a dedicated Nautilus sub-forum, so feel free to come on over.
And, just in case, here is the Nxt Wiki:

Step two: organise your accounts.

For this phase of the Nautiluscoin redemption, we are only accepting coins sent from the client. No transfers from exchanges, please.

Firstly make sure that you have your NAUT balance on your Nautiluscoin wallet, obviously enough.

Set up a Nxt account using your freshly installed NRS client, and:
NXT password information
This point is very important, as Nxt uses a brainwallet system.
 If in doubt, allow the Nxt NRS client to generate a passphrase for you.
Do not, for the love of whatever you care about, use a phrase that has ever appeared in any media, anywhere.
So no songs, poems, movie lines, book quotes or BTC addresses, among others.
If you have any further questions, ask here or on the Nxt Forum.

Step three: Send your NAUT for redemption.

Run both clients, and log in to your Nxt account.

From the Nautiluscoin client, send the desired amount of NAUT to the redemption address:


The important bit: find your NAUT transaction ID, Go to the Transactions tab in the Nautiluscoin client,
 and open the transaction details. Transaction ID is there. Make a very careful note of it!!

Then take a screenshot of both clients:

Note that the screenshot MUST show both the transaction details from the NAUT transfer
 and the Nxt account on which you wish to receive your NXTNAUT. (purple boxes)

Step four:  generate a Nxt authentication token to prove ownership of your Nxt account.

In the Nxt client, go to the Settings menu (purple box in the screenshot below) and choose 'Generate Token'.
In the data field, fill in your name or BitcoinTalk ID, your Nxt address, amount of old NAUT sent, and the transaction ID from the NAUT client.

Enter your Nxt account passphrase to generate the token:

Step five: submit your transaction ID and account information.

Copy both the entire data field message and the generated Nxt authentication token,
then send them to me, together with the screenshot (or a link to the screenshot) of both clients.
You can send either a PM to me on BitcoinTalk or a mail to dave(at)

Your message should include all of this information:


r5n35fga98rhhl3ussof4fsnkm9v423eo0r4qqc3oul5c2tqcsvdgj50tm8apng35pdgr8ei12h64v5 uedd6hh41cuc2oq40lmk4gb3v5uk0vf71lnag8qobmdqbas1f17l2ob05u3d3c2j8h8r6s8oma072hn r4

That’s it, sit back and wait for your Nautilus….

Once we've checked out the transfer, we'll send out new, shiny Monetary System Nautilus to your Nxt account.
The verification and transfer process will take at least 24 hours, but hopefully no more than 48.
We will try to deal with redemption transfers on a 'first come, first served' basis, but larger amounts WILL be prioritised.

For holders of small NAUT balances, and people who only have NAUT on exchanges and don't want to run the full client:
the official Drachmae exchange will be up inside a week or two,
and will offer an automated redemption system for NAUT > NXTNAUT on the exchange itself.

Please note that this thread is intended to be a place to get some work done, not a place to debate. That's why it's self-moderated.
If you have any philosophical/emotional/etc issues with Nautiluscoin, or Nxt,
 or anything not related to the NAUT>NXTNAUT redemption process, please take it to the main Nautiluscoin thread:

I'll be cutting out useless posts from this thread, with the intention of keeping it clear and on-topic. So don't say I didn't warn you.....

To verify my identity/account control, heres the authentication token for the Special Projects account (NXT-3T2W-6HXY-UGUL-BS85F)
that will be handling part of the redemption process.:

EvilDave 16/09/2015 NAUT2NXTNAUT redemption.


2  Alternate cryptocurrencies / Altcoin Discussion / NXT at PayExpo 2015 on: June 09, 2015, 12:09:56 AM
PayExpo 2015 is billed as the UKs largest payment industry event, and NXT is there as the Cryptocurrency sponsor.
The event runs for tomorrow and Wednesday, 9th and 10th June. NXT has a booth and a 6 man promo team at the event.

For the first time, after NXTs successful sponsorship of last years PayExpo, there will be a Cryptocurrency and Payments workshop programme,
which will help to spread the word about not only NXT, but about the vast potential of crypto-currencies in general.

Stay tuned for further news, here is the NXT brochure/mini-magazine for the event:

3  Alternate cryptocurrencies / Altcoin Discussion / [NXT] Vitalik B. confirms the NXT algo is secure. on: April 06, 2015, 10:22:55 PM
Just taken a look at Vitalik Buterins latest paper, which contains a couple of pages devoted to NXT and its algo:
Notes on Scalable Blockchain Protocols (v 0.0.2)

Pages 10 and 11 are interesting for NXT:

Example 3.0.2. The cryptoeconomically secure entropy source used in
NXT[16] is defined recursively as follows:
E(G) = 0

Lemma 3.0.3. The NXT algorithm described above satisfies the conditions
for being a cryptoeconomically secure entropy source.
Proof. To prove unpredictability, we note that the NXT blockchain pro-
duces a block every minute, and so the update

I must admit that most of this paper (and all of its math) go straight over my head, but VB does seem to regard Nxt as being 'cryptoeconomically secure' which sounds like  a good thing to me.... anyone got any more expert input on this paper and it's implications for NXT ?
4  Alternate cryptocurrencies / Altcoin Discussion / NXT- based Smart Contracts implementation..... on: December 10, 2014, 03:50:59 PM
You want Smart Contracts ?

Here you go:

Just out of curiosity (and a desire to be slightly evil), has anyone else got an SC implementation up and running?
5  Alternate cryptocurrencies / Altcoin Discussion / WTF just happened to WorldCoin ? on: October 14, 2014, 09:21:51 PM

Why is WDC trading on at 4-6 x the price everywhere else? Fat fingers or evil conspiracy ?

(or just having a wierd moment......?)

6  Alternate cryptocurrencies / Altcoin Discussion / Overstock and CounterParty....much news. on: October 07, 2014, 12:19:11 AM

This is cool as fuck, tbh. Almost every 2nd gen crypto has been pitching to Overstock this year, and it looks like Overstock/Patrick Byrne has decided to cut through all the bs associated with choosing a platform in favour of developing their own. I'd have preferred they use NXT, but, hey, you can't win them all. Cheesy

This means that we are going to see some very interesting developments for all of crypto.
If the Overstock/PB 'Medici' syatem can get SEC approval.....this could open the door for all 2nd gen crypto-currencies/asset issuance platforms, and certainly won't hurt with the adoption and use of 1st gen crypto.

I have a feeling that this project could be one of the things that drags crypto into the mainstream........ Grin

7  Alternate cryptocurrencies / Altcoin Discussion / [PHISHING PM] dodgy PMs used for phishing careful! on: September 14, 2014, 01:13:03 PM

Just had this in my PMs.....

Hi dear,  Very important news about NEM Open Alpha.
the NOT is from me, do not use the above link!

As you can see, the link leads to frigging dodgy.
The senders name resembles that of a real NEM member: p3tmaster.

So: do not click blindly on links in PMs!!

Spoetnik pointed out a similair PM phishing/hack attempt a day or 2 ago, his thread seems to be deleted, but this is important.
I don't know whats hiding behind that URL, but I'm pretty sure its not going to make your day a good one.
8  Economy / Goods / [WTS] Classic wooden powerboat: ChrisCraft Riviera 1953 on: July 19, 2014, 11:00:45 PM
Located close to Amsterdam, Netherlands:

As you can see, it's very clean and very original:

Complete with the correct Hercules KBL straight 6 engine with triple carbs.

The hull is mahogany, with around 12 coats of varnish.
Only minus point on the entire boat is that there is some cracking of the hull varnish.

The Riviera is finished with a red leather interior:

This is one of the best Rivieras available in Europe, and is in close to perfect condition.
If you're looking for a summer toy, this is it.

Price is €30,000 or nearest offer, BTC or NXT preferred.
Any questions, drop me a PM.

9  Alternate cryptocurrencies / Altcoin Discussion / jl777hodl : the first NXT asset to be traded on Poloniex! on: July 18, 2014, 01:48:06 PM
Heres the official [ANN] thread:

Right now, its rising like crazy, so if anyone wants in on the ground floor....

Its amazing to see an Asset from within the NXT AE being traded on a conventional exchange, this is something seriously new.

10  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN] JLH : the first ever crypto-asset listing on Poloniex: jl777hodl on: July 18, 2014, 01:05:13 PM
Poloniex to list jl777hodl (JLH) in first ever crypto-asset listing

Cryptocurrency exchange Poloniex is to list the jl777hodl asset (ticker symbol JLH) in a groundbreaking new development for crypto trading. The fund, which represents a basket of high-performance crypto initiatives, was previously only available via the NXT asset exchange. Its inclusion alongside Poloniex’s list of virtual currencies signals a step-change in the way cryptocurrency exchanges view their business, as well as offering a significant new source of liquidity to crypto-based companies.

NXT community achievement
Since the NXT Asset Exchange was launched in May a wide range of assets have been issued. NXT developer and forum member jl777 has been responsible for a number of these, including the popular NXTventure – a business that funds, supports and spins off other businesses of benefit to the NXT and cryptocurrency ecosystems.

With NXT’s multigateway already in beta, direct and decentralised trading between cryptocurrencies will soon be possible. In parallel to this, JLH’s listing on Poloniex opens the door for others to issue directly bitcoin-tradeable assets. This will come as a welcome development for the NXT community, some of whom the asset creator has recently assisted in launching successful assets of their own. ‘There’s an art to crafting a successful asset,’ says jl777. ‘The NXT community are an innovative and entrepreneurial group, and this asset provides an excellent model for others to follow.’
JLH (asset number 6932037131189568014) is essentially a wrapper for around 20 different promising NXT-based assets, including many created by other companies and individuals. These include everything from payment processors and crypto venture capital funds to mining outfits and online stores.

‘Hodl’ is a popular cryptocurrency meme that began on the bitcointalk forum back in December 2013, when an unsuccessful daytrader drunkenly complained that he had quit trying to time market movements and instead decided to ‘HODL’. The misspelled word has since passed into crypto lore as a term for investors who doggedly maintain their holdings through thick and thin, ignoring short-term market volatility in the pursuit of long-term growth.

Poloniex: exchange-plus
Although the addition of a crypto-asset to a traditional exchange may seem trivial, the development heralds a radical shift in the cryptocurrency landscape. ‘To my knowledge this will be the first time a major exchange trades any NXT asset, or any colored coin from any other platform,’ comments Bas Wisselink, NXT community manager. ‘JLH will trade against bitcoin: this will be the first direct path between a non-bitcoin asset and bitcoin funding.’

This fundamentally represents a paradigm shift for Poloniex, too. Instead of trading in digital currencies alone, the exchange has expanded its list to include a whole new class of offering. ‘Assuming success with JLH, I expect that more and more NXT assets will trade on Poloniex and, by extension, other exchanges too. NXT assets can now be viewed as BTC equivalents,’ explains Dan Kindly, NXT marketing associate.

Due diligence
Investors are recommended to perform their own due diligence on the assets that make up jl777hodl. More information can be found at and ‘The value of JLH is solely based on the value of what it contains,’ says jl777. ‘I have chosen these assets because I believe in their future potential, but investors need to do their own homework. Of course speculators may choose to skip all that, but I am more interested in reaching the long term buy-and-hold investors – hence the name.’

So, if you want to get in on the ground floor of a very exciting new development in the world of crypto, you can buy jl777hodl from the following sources:


The NXT AE, available from within the NXT client itself.
Here, if you haven't already got one:

And also from the Secure AE project:

11  Local / Nederlands (Dutch) / Ben op zoek naar wat feedback voor een CoinDesk artikel on: July 16, 2014, 11:39:18 PM
Jongens + meisjes:

Ik kom niet vaak on de NLtalige forum hier on BTT, ben meer te vinden in de alt-coins afdeling, maar ik heb net een mail van CoinDesk gekregen, een beetje via-via, en dacht dat jullie mij evt met wat feedback kunnen helpen, voor een CoinDesk verhaal.

hier is de mail:

I'm writing in regards to reports that the Dutch Openbaar Ministerie now has the power to legally confiscate bitcoins, and was hoping you'd care to comment on this development. Here's a link to the story from

en hier is hetzelfde verhaaal in NLands:

CoinDesk wou even de standpunten horen van NL Bitcoiners, dus als je iets te zeggen hebt, ga je gang........of PM me.

12  Alternate cryptocurrencies / Altcoin Discussion / CryptoRush......whats going on? on: April 14, 2014, 07:52:23 AM
Seeing as I must have around 0.1 BTC in various crapcoins on CryptoRush:

Are they still alive ? Will I ever see my CypherFunks ever again ?

I haven't been able to log in for the last 24 hours or so......
13  Other / Off-topic / Global Warming: fact, fantasy, good idea ? on: January 26, 2014, 06:15:38 PM
The great global warming debate can start now:
14  Local / Nederlands (Dutch) / Voorpagina van Het Parool vandaag gezien ? on: January 17, 2014, 07:14:02 PM
Hoi, dudes:

(Ben Engels, dus excuses vooraf voor mijn NLands)

De voorpagina van Het Parool vandaag is erg Bitcoin-gerelateerd, maar niet bepaald in een goed manier:

The linkje boven is naar de web artikel, maar het staat als voorpagina kopstuk in de papieren versie.

Geniet ervan.......
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