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Author Topic: █ █ [NUT] NutCoin █ █ Season 01 Episode 04 █ █  (Read 339661 times)
dmx374
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January 04, 2014, 01:44:16 AM
 #1

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.

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weedoge
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January 04, 2014, 01:46:04 AM
 #2

Where is the wallet download?

Korporal
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January 04, 2014, 01:46:16 AM
 #3

Illuminatti?

Illuminutty. There. Fixed it.
xbudahx
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January 04, 2014, 01:46:39 AM
 #4

All that wasted time yesterday and we lose all coins huh.

Good luck
JjCcc
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January 04, 2014, 01:49:14 AM
 #5

Time to go nuts again
y3804
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January 04, 2014, 01:53:37 AM
 #6

What happens if some guy doesn't delete his blockchain data but still uses the new version and the superseed node?

Are other ppl going to update to his fork? Would he **** everything up?
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January 04, 2014, 01:53:48 AM
 #7





If you want to see how NOT to start a new coin look at this guy's previous attempt to 'go Nuts':


https://bitcointalk.org/index.php?topic=393572.0

.... hmm noodles..
jrslyrics
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January 04, 2014, 01:56:28 AM
 #8

Windows Wallet?
chip99
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January 04, 2014, 01:56:39 AM
 #9

lol what where is the wallet  Huh

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January 04, 2014, 02:00:46 AM
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see below
y3804
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January 04, 2014, 02:01:19 AM
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http://nutcoins.com/

It will appear here soon I think. Don't download the current mac wallet, i t's not the new version
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January 04, 2014, 02:04:21 AM
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Th mac wallet seems the 10.8 version 4
y3804
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January 04, 2014, 02:05:01 AM
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Th mac wallet seems the 10.8 version 4

Right, it's the old version. New version will be 70005
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January 04, 2014, 02:06:22 AM
 #14

http://nutcoins.com/

It will appear here soon I think. Don't download the current mac wallet, i t's not the new version

Do you think you should pm this to a few members to run and ensure everything is up to snuff before we do this again. Nothing crazy, 15 minute beta.
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January 04, 2014, 02:12:24 AM
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http://nutcoins.com/

It will appear here soon I think. Don't download the current mac wallet, i t's not the new version

Do you think you should pm this to a few members to run and ensure everything is up to snuff before we do this again. Nothing crazy, 15 minute beta.

I'm not a dev of NutCoin, but I'm scared ppl wont delete their blockchains, run the new version, which could eventually corrupt  the official blockchain
nocoin
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January 04, 2014, 02:15:07 AM
 #16

No wallet, no source? No coin.
y3804
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January 04, 2014, 02:16:24 AM
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No wallet, no source? No coin.

interesting reference to your username
backbonejb
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January 04, 2014, 02:17:22 AM
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No wallet, no source? No coin.

Windows will there within an hour according to DEV
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January 04, 2014, 02:17:46 AM
 #19

Hit me with windows wallet when its up, I'll help you guys out.

FLASHEART COMPUTRONIC AND CRYPTOGRAPHIC MINING DISPENSARY

EAC: ejivtoN3m1FmNvN8N3E4gSh8AX6XNMhzB2 | LTC: LVqAT6xBbxytnZ4ndVgD2BQNUtb6Dv59Cn | BTC: 187P7jMH5VeFCFRNBQcePZkAvEMDZ2JXsb  Anything else isn't worth keeping.
nocoin
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January 04, 2014, 02:18:31 AM
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No wallet, no source? No coin.

interesting reference to your username
Glad you got it  Smiley
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