Greek island agrees to test digital currencyNautiluscoin was originally designed as stable store of value with a "stability fund" that would act as an internal central bank to reduce the notorious volatility associated with digital currencies like bitcoin. After some trial and error, I have discovered what many others have over the last 5,000 years – the most trusted independent form of money is gold.
In order to create a stable store of value backed by gold, we will employ a two-pronged approach for Nautiluscoin. First, the Nautiluscoin Stability Fund will initially retain a majority ownership stake in Nautiluscoin. As the monetary ecosystem grows, these coins will be sold to meet demand. The goal of this program will be to provide a countercyclical monetary policy that will foster an environment that allows for steady growth in purchasing power.
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Brian Kelly is founder and managing member of Brian Kelly Capital LLC, a global macro investment firm catering to high net worth individuals, family offices and institutions. He is also the creator of the BKCM Indexes, benchmarks for multi-asset money managers. He's also the author of the upcoming book, "The Bitcoin Big Bang: How Alternative Currencies Are About to Change the World." Kelly, a CNBC contributor, often appears on "Fast Money." Follow him on Twitter @BKBrianKelly.
Disclosure: Brian Kelly is the creator of Nautiluscoin, owns Nautiluscoin tokens and makes a market in Nautiluscoin.http://www.cnbc.com/id/102815706
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