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 THIShttps://bitcointalk.org/index.php?topic=397938.msg6050542#msg6050542S01E05 : 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 PrincipleAn 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/nutcoinMacOSX 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.zipReddit: http://www.reddit.com/r/nutcoinBlockChain: 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.phpCommunity:Giveaway (lottery) :
https://bitcointalk.org/index.php?topic=433957.0Faucet :
http://www.cryptopoolmining.com/nutgift/Online Exchanges:https://www.allcrypt.com/market?id=202https://www.allcoin.com/trade/nut_ltchttps://pmtocoins.com/index.php
Disclaimer:NutCoin has nothing to do with masonic things. We just love square, compass and nuts.
