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By the way, I mentioned to Bryce that the 25,000 NAUT was probably split into multiple addresses and not in the one address.
So here he sent the 25k NAUT to Bittrex. You can see from the multiple inputs that it was in multiple addresses.
Funds can split like that if you transact from a wallet.
So here he sent the 25k NAUT to Bittrex. You can see from the multiple inputs that it was in multiple addresses.
Funds can split like that if you transact from a wallet.
So you're telling me, the funds set aside for this coins future, are better suited in an exchange wallet then a standard / offline / cold storage wallet? There are a number of coins out there with public addresses of funds that are verifiable at a moments notice, why do we have to search for that information here? It's great the NAUT is accounted for 'somewhere', but lets not be so naive to think that exchanges are the safest place to hold a large quantity of coins. In this day and age exchanges have all seen their fair share of security breaches and coins stolen. It would be a shame if the same happened here...
XDQ is used for arbitrage between XDQ/NAUT (AllCrypt), and BTC/XDQ (Bittrex and others). To take advantage of those disparities funds must sit on those exchanges - pulling out of cold storage and transferring to each exchange takes too long and the opportunity is lost. I can't say if those funds are in active trading now or not - but, since the fund set a minimum price of XDQ - some NAUTS would have to sit on an exchange to offer that. At today's volume, 25,000 NAUTS alone could move the market substantially - smart arbitrage between XDQ/NAUT/BTC (especially with 25,000 NAUTS) could raise and stabilize the price of XDQ.
My post history will show that I've changed my mind about proof of existence of the funds-> Dev's industry reputation is worth a lot more than 25,000 NAUTs. XDQ's industry potential is worth a lot more than 25,000 NAUTS. Regardless of where the funds are they would have to be moved - ANY movement out of a public address would cause some sort of market response - best to let them do what they were designed to do...
