[ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield

[FlyingMongoose]

Troglodyte here renting some hash. What's the best pool mining NAUT atm?

Honestly "best" pool mining NAUT is kind of hard to say. Once in a while TradeMyBit's multiport points at NAUT and completely slams the network (ranging from 10MH-1GH, but I don't know the direct NAUT port there. IPO Miner has a direct port to NAUT, and 0fee pool also usually has an okay amount of hash pointed at it. Bitember has a few and a few others do, ultimately hash distribution seems overall really even, no one pool is significantly greater than another.

[1715159666]

1715159666

[1715159666]

1715159666

[cypz]

PoS Update

We have begun the coding work on PoS, it is estimated it will take about a week to complete and then we will need to test.  The one thing I have learned about crypto is to expect the unexpected! I don't want to over promise and under-deliver so I will only post about what is completed and tested. As we move further in the process I will be able to get a realistic date of implementation. My desire has always been for PoS to be implemented well before the PoW stage is done.

In terms of stake (or 'dividend' for guys like me) I have set it at 2%. I had hoped to tie the stake to a well known price index, but relying on a third party would compromise network security. I chose 2% because most central banks target 2% inflation per year - Wall Street will understand this.  I am also consulting with a few well respected economists to determine if there is such a thing as 'optimal money supply growth' - so far we have not found it - if we can determine an optimal method then we will try to incorporate with PoS...BUT no promises as this is much more art than science.

-BK

Devil's advocate. Lets bust out of this current alt market pump and dump day trader BS bubble, but what slice of "wall st." are you targeting? Too broad and not enough will get it. Too narrow and the same fate.

A 10 year treasury is at 2.5%. Would likely be a shit buy right now and not your target market but I'm just saying.

Investment Grade Corporate ETF is at 3.2%. You're trying to make Nauti stable and accepted. Would you say this is it?

High Yield corporate ETF 4.48%. More volatile, doesn't really seem like your target market even if Nauti is going to be volatile until the market is deep enough to discount an appropriate price.

S&P 500 earnings yield is ~6%. Is this your target market? Some narrower slice of this?

Probably all poor comparison's really but what does "wall st." relate to?

I could go on, but why is "wall st." coming to this party? I think they will in time, but why Nauti? And why now? You have the stabilization fund so the pitch is less price volatility (after the market discovers/discounts the price more efficiently - too thinly traded right now combined with mining supply phase), why is 2% attractive? Are you pitching total return so the 2% inflation + steady price increases tied to NAUTi acceptance?

Perhaps non-correlated asset class. Okay, but does the potential return on this really offset the risk of a new experimental, non-correlated asset? Love what you're doing but maybe we need another "wall st.," name or 3 to join forces and up the ante a bit.

What exactly is your elevator pitch to the non-crypto initiated? Why would they get Nauti? Not sure I'm seeing a fully fleshed out pitch yet. None of the algo or POS stuff is going to be remotely relevant in that brief moment in time. And what the ADD, Pavlov's dogs conditioned alt market thinks doesn't remotely matter in that moment.

I'm in, but I'm curious what the pitch really is? First hurdle is getting btc. Second is graduating to see Nauti/alts. I see it long term. I'm in Nauti, but I want to really see what angle you are taking. And when I roll into my office tomorrow I want to play off that angle and help them get it. The more of us get the non-alt market pitch the more we can help others get it and get Nauti.

Have you landed any high profile Nauti investors that want to lend their name?

Very good questions im sure BK will give us a hint on what his plans are,

i think block times will be all sorted after POS but for the moment its really slow blocks, i dunno why as the mining difficulty is higher than at its low point so shouldn't things be chugging along nicely.

[kehtolo]

is anyone else having wallet syncing problems?

did the whole network just stop?

 Saying 8 hours behind. I restarted it, but it's just the same..

Also, i'm not showing up anymore in the top100 - when i should be around 30'ish with 21k..

 

[FlyingMongoose]

is anyone else having wallet syncing problems?

did the whole network just stop?

 Saying 8 hours behind. I restarted it, but it's just the same..

Also, i'm not showing up anymore in the top100 - when i should be around 30'ish with 21k..

 

Couldn't tell you why you're not showing, and also not sure why the network isn't syncing...

[kehtolo]

It's strange. And I've seen others with synching issues posting here, and also with the hashrate/network speed issues too, but i wasn't affected then.
I'm sure it will be okay later!

[kehtolo]

OK - I'll read back some pages - what if i add nodes or something in the config? or is that just miners?

[FlyingMongoose]

OK - I'll read back some pages - what if i add nodes or something in the config? or is that just miners?

Nodes are useful early on in a coins development because not much of a network has been established yet. Later on its not as big a deal but still useful to have just in case.

[kehtolo]

Still out of sync - closed the wallet for +10 mins.. even restarted pc- 9 hours behind.
I doubt it' s just me - looks like a network problem.
Hope it gets fixed soon and i'm sure it will.

[BK_PHI]

PoS Progress

-testing will likely begin this weekend
-after testing I will have a better idea on implementation

Answering a Few Questions from the Thread

As I scrolled through this morning it was great to see a real discussion about the strategy/economics of NAUT.  It's encouraging to see the thread move away from the trolls and toward a substantial discussion. I hope you all are enjoying the ideas as much as I am.

I will try to give a few answers to some of the question - I apologize if I miss one...

Pitch/Niche - My original thought was to position NAUT as the first crypo-currency "money market fund'.   As institutional investors enter the space they will need a place to park assets and use as collateral for margin trading.  When I trade futures, brokers allow me to put up Treasury securities as margin collateral rather than cash - this way I earn interest on un-deployed capital.  I envision NAUT to act in a similar way.

As the digital asset ecosystem develops, there will certainly be a derivatives/futures market - this is at least a year away - in the mean time we need to build the merchant ecosystem for NAUT.

High Profile Investors -I have had meetings with several but have nothing to announce.

NAUT to Fiat With Ease - Moolah is the first step in this direction, although I have not heard back from them in over a week so I am a little concerned about that platform.

I hope this answers a few questions and sparks more discussion.

-BK

[hokus_pokus]

is anyone else having wallet syncing problems?

did the whole network just stop?

 Saying 8 hours behind. I restarted it, but it's just the same..

Also, i'm not showing up anymore in the top100 - when i should be around 30'ish with 21k..

 

Yes. Last night I tried to sync. Stuck at block 23621 still. I deleted everything except .conf and wallet files and rebuilt blockchain. Still stuck at block 23621. Ughhh

[niceman]

23621 is the latest block. Current block difficulty rise to 541 (looks like some huge multipool mine it some time). Regular network have low hashrate to find a block with such difficulty so it can take many hours to fins next block and difficulty will start readjust lower.

[hokus_pokus]

23621 is the latest block. Current block difficulty rise to 541 (looks like some huge multipool mine it some time). Regular network have low hashrate to find a block with such difficulty so it can take many hours to fins next block and difficulty will start readjust lower.

Ok, great but my wallet is out of sync and still says 14 hours behind. What's up with that.

[BTCrawl]

PoS Progress

-testing will likely begin this weekend
-after testing I will have a better idea on implementation

Answering a Few Questions from the Thread

As I scrolled through this morning it was great to see a real discussion about the strategy/economics of NAUT.  It's encouraging to see the thread move away from the trolls and toward a substantial discussion. I hope you all are enjoying the ideas as much as I am.

I will try to give a few answers to some of the question - I apologize if I miss one...

Pitch/Niche - My original thought was to position NAUT as the first crypo-currency "money market fund'.   As institutional investors enter the space they will need a place to park assets and use as collateral for margin trading.  When I trade futures, brokers allow me to put up Treasury securities as margin collateral rather than cash - this way I earn interest on un-deployed capital.  I envision NAUT to act in a similar way.

As the digital asset ecosystem develops, there will certainly be a derivatives/futures market - this is at least a year away - in the mean time we need to build the merchant ecosystem for NAUT.

High Profile Investors -I have had meetings with several but have nothing to announce.

NAUT to Fiat With Ease - Moolah is the first step in this direction, although I have not heard back from them in over a week so I am a little concerned about that platform.

I hope this answers a few questions and sparks more discussion.

-BK

Thank you BK. Great news as always. Regarding the high profile investors you've talked to, was the answer a definitive "NO!" or are they looking to wait a little bit to see where Naut is headed before jumping in? Also, is there anything you need help with from the community at the moment? I just tweeted Moolah, but not sure what else I can do in the immediate, other than keep talking to merchants and informing them about Naut.

[Soul_eater_123]

is anyone else having wallet syncing problems?

did the whole network just stop?

 Saying 8 hours behind. I restarted it, but it's just the same..

Also, i'm not showing up anymore in the top100 - when i should be around 30'ish with 21k..

 

Yes. Last night I tried to sync. Stuck at block 23621 still. I deleted everything except .conf and wallet files and rebuilt blockchain. Still stuck at block 23621. Ughhh

Same here.

[BK_PHI]

PoS Progress

-testing will likely begin this weekend
-after testing I will have a better idea on implementation

Answering a Few Questions from the Thread

As I scrolled through this morning it was great to see a real discussion about the strategy/economics of NAUT.  It's encouraging to see the thread move away from the trolls and toward a substantial discussion. I hope you all are enjoying the ideas as much as I am.

I will try to give a few answers to some of the question - I apologize if I miss one...

Pitch/Niche - My original thought was to position NAUT as the first crypo-currency "money market fund'.   As institutional investors enter the space they will need a place to park assets and use as collateral for margin trading.  When I trade futures, brokers allow me to put up Treasury securities as margin collateral rather than cash - this way I earn interest on un-deployed capital.  I envision NAUT to act in a similar way.

As the digital asset ecosystem develops, there will certainly be a derivatives/futures market - this is at least a year away - in the mean time we need to build the merchant ecosystem for NAUT.

High Profile Investors -I have had meetings with several but have nothing to announce.

NAUT to Fiat With Ease - Moolah is the first step in this direction, although I have not heard back from them in over a week so I am a little concerned about that platform.

I hope this answers a few questions and sparks more discussion.

-BK

Thank you BK. Great news as always. Regarding the high profile investors you've talked to, was the answer a definitive "NO!" or are they looking to wait a little bit to see where Naut is headed before jumping in? Also, is there anything you need help with from the community at the moment? I just tweeted Moolah, but not sure what else I can do in the immediate, other than keep talking to merchants and informing them about Naut.

The answer was absolutely not "NO", I don't know if they bought in or not - they have not told me...yet

Thanks for the help  - in the next 48 hrs or so I will definitely need help from the community - I will post what I need here first.

[CryptoLTD]

is anyone else having wallet syncing problems?

did the whole network just stop?

 Saying 8 hours behind. I restarted it, but it's just the same..

Also, i'm not showing up anymore in the top100 - when i should be around 30'ish with 21k..

 

Yes. Last night I tried to sync. Stuck at block 23621 still. I deleted everything except .conf and wallet files and rebuilt blockchain. Still stuck at block 23621. Ughhh

Im pretty sure thats a digi-shield issue, and thats being worked on also to the best of my knowledge. ( see DGB thread )

[BTCrawl]

is anyone else having wallet syncing problems?

did the whole network just stop?

 Saying 8 hours behind. I restarted it, but it's just the same..

Also, i'm not showing up anymore in the top100 - when i should be around 30'ish with 21k..

 

Yes. Last night I tried to sync. Stuck at block 23621 still. I deleted everything except .conf and wallet files and rebuilt blockchain. Still stuck at block 23621. Ughhh

Im pretty sure thats a digi-shield issue, and thats being worked on also to the best of my knowledge. ( see DGB thread )

More of a problem with large mining pools driving up the difficulty really. Should be resolved with POS though, so hopefully we won't have to bother that much with it after a few weeks.

[niceman]

23621 is the latest block. Current block difficulty rise to 541 (looks like some huge multipool mine it some time). Regular network have low hashrate to find a block with such difficulty so it can take many hours to fins next block and difficulty will start readjust lower.

Ok, great but my wallet is out of sync and still says 14 hours behind. What's up with that.

Your wallet is synced to the last network block and this block was created 14 hours ago. You have 'not sync' status because wallet think, what this is not correct.
When network will find next block transactions will be processed and wallet will start to get new blocks again.

[hokus_pokus]

23621 is the latest block. Current block difficulty rise to 541 (looks like some huge multipool mine it some time). Regular network have low hashrate to find a block with such difficulty so it can take many hours to fins next block and difficulty will start readjust lower.

Ok, great but my wallet is out of sync and still says 14 hours behind. What's up with that.

Your wallet is synced to the last network block and this block was created 14 hours ago. You have 'not sync' status because wallet think, what this is not correct.
When network will find next block transactions will be processed and wallet will start to get new blocks again.

That's what I was thinking. Thanks for confirming. I'm ready for wallet transition to PoS. Just wanted to make sure this was not an issue.

Thanks again. And thank you BK for getting the word out on NAUT and trying to make something of this project.

Let us know if you need help with anything.

[btler420]

League of Legends Nautilus