█ █ [NUT] NutCoin █ █ Season 01 Episode 04 █ █

[RouletteRun]

Does everybody realize that if the dev. (dmx374) sticks to his posted schedule, the NutCoin block rewards are due to be halved about two weeks from tomorrow? If you want these easy NutCoins, you need to be mining them now. 

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[Jonesd]

Does everybody realize that if the dev. (dmx374) sticks to his posted schedule, the NutCoin block rewards are due to be halved about two weeks from tomorrow? If you want these easy NutCoins, you need to be mining them now. 

Buying is even easier

[newIndia]

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.

1 BTC can buy how many NutCoin ?

[Jonesd]

50-100 million

[thiec]

1 BTC can buy how many NutCoin ?

You may get 100m Nutcoin or less

[SlowlyButSurely]

bitember down?

***Edit***

It was for a while, back up and hashing now

[Goattrading]

I just sent off an e-mail to the people at CoinPro.com to see if we can get NutCoin listed on their site as a coin for giveaway. They did respond to my original support ticket I entered and gave me the e-mail address of the person I needed to contact. There are several things they want out of a coin before they will list it, but I was also told that they might be willing to make an exception in some cases, NutCoin meets the following:

• Less than 5% premine
• Listed on at least two exchanges
• A source of initial funds

The one we don't meet is being listed as having a market cap of at least $100.000 USD according to http://www.coinmarketcap.com

If there is no objections from donors, I could use some of the coins in the Bounty Wallet to fund this giveaway, or I could probably fund it myself.

If you are interested in CoinPro's free coins, including BTC, follow this link and sign up for their giveaways: http://qoinpro.com/cf647314c2af6f9c99dbd6058de4f621

RouletteRun, While hunting for Nutcoin info found a "Nute".
Looks like we are right next store, only.... 8 states apart.  Ca

[RouletteRun]

I just sent off an e-mail to the people at CoinPro.com to see if we can get NutCoin listed on their site as a coin for giveaway. They did respond to my original support ticket I entered and gave me the e-mail address of the person I needed to contact. There are several things they want out of a coin before they will list it, but I was also told that they might be willing to make an exception in some cases, NutCoin meets the following:

• Less than 5% premine
• Listed on at least two exchanges
• A source of initial funds

The one we don't meet is being listed as having a market cap of at least $100.000 USD according to http://www.coinmarketcap.com

If there is no objections from donors, I could use some of the coins in the Bounty Wallet to fund this giveaway, or I could probably fund it myself.

If you are interested in CoinPro's free coins, including BTC, follow this link and sign up for their giveaways: http://qoinpro.com/cf647314c2af6f9c99dbd6058de4f621

RouletteRun, While hunting for Nutcoin info found a "Nute".
Looks like we are right next store, only.... 8 states apart.  Ca

I actually live in Indiana (so does my brother and a his adult children and maybe a couple others), but my counting showed only 7 states unless I went south first down through Kentucky, Tennessee to Arkansas and over. I tried three other routes before that and came up with 7 each time. That is if by the "Ca" at the end you are telling me you live in California.

[lacrossewacker]

Representing Virginia

Make sure you all are going over to Mintpal and voting for Nutcoin daily/hourly

Keep up the activity!

[Goattrading]

I just sent off an e-mail to the people at CoinPro.com to see if we can get NutCoin listed on their site as a coin for giveaway. They did respond to my original support ticket I entered and gave me the e-mail address of the person I needed to contact. There are several things they want out of a coin before they will list it, but I was also told that they might be willing to make an exception in some cases, NutCoin meets the following:

• Less than 5% premine
• Listed on at least two exchanges
• A source of initial funds

The one we don't meet is being listed as having a market cap of at least $100.000 USD according to http://www.coinmarketcap.com

If there is no objections from donors, I could use some of the coins in the Bounty Wallet to fund this giveaway, or I could probably fund it myself.

If you are interested in CoinPro's free coins, including BTC, follow this link and sign up for their giveaways: http://qoinpro.com/cf647314c2af6f9c99dbd6058de4f621

RouletteRun, While hunting for Nutcoin info found a "Nute".
Looks like we are right next store, only.... 8 states apart.  Ca

I actually live in Indiana (so does my brother and a his adult children and maybe a couple others), but my counting showed only 7 states unless I went south first down through Kentucky, Tennessee to Arkansas and over. I tried three other routes before that and came up with 7 each time. That is if by the "Ca" at the end you are telling me you live in California.

You are correct... guess I cant count 

[thiec]

Diff drop to 0.5-0.6 and hash back to "normal"

Dont know i should happy or sad because of that.
Happy that i can pick up more nut or Sad that price will slide follow the diff  

[Pitchblackroom]

This coin is extremely profitable right now. I'm surprised it isn't being mined more

[Rage19420]

This coin is extremely profitable right now. I'm surprised it isn't being mined more

Where is that? I only see it trading for LTC on Allcoins.

[Pitchblackroom]

This coin is extremely profitable right now. I'm surprised it isn't being mined more

Where is that? I only see it trading for LTC on Allcoins.

The rate it is being traded for is pretty good right now

[Pitchblackroom]

Whoa big hashrate right now. 150 Mhash

[RouletteRun]

Whoa big hashrate right now. 150 Mhash

I've been tweeting it out today about the block rewards halving. You can follow me @RouletteRun, IDK if I've had anything to do with it, but I try. When I looked this morning, it was in the 50's

[thiec]

Anyone use Linux? and solo miner with it?
I try to search but got nothing.
I want try solo mining with my gpu when the diff are very low, could anyone give me a guide or a website?

I know the guide using windows, but i am using linux in mining.

[y2j89]

nice to see the Nethash still above 130 MH/s 

[RouletteRun]

I've just sent a PM to dmx374 asking him to confirm the block halving date of June 4, or to give us an update on any changes so as to be able to keep the community informed. 

[Rage19420]

I've just sent a PM to dmx374 asking him to confirm the block halving date of June 4, or to give us an update on any changes so as to be able to keep the community informed.  

Its nice to see it gaining steam over on the LTC pairing on Allcoins!

With a little help from yours truly