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Author Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield  (Read 901816 times)
FlyingMongoose
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June 19, 2014, 07:45:31 PM
 #2241


I suggested some stuff like that and someone posted, oh with ideas like this I'm selling all my NAUT.

This forum thinks that anon is the best reason to have an alt coin.

Actually the person was talking to me on the "exercise for earnings" idea. Which isn't a new concept, many hospitals provide bonus incentives to their employees for healthy activities.

qoinpro.com/951c974b34f66cc68e805832df0c9d8c
Wheeljack
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June 19, 2014, 07:49:13 PM
 #2242

The golden rule for incentives of any kind is "small but meaningful". This is so much more practical than talking about merchant acceptance, which involves legal papers and people changing their working habits to suit whatever idea you might have for a verbal promise or speculation. There are tons of stories of merchants turning down bitcoin acceptance plans at two bucks or five bucks because they didnt think it was worth the risk. No one thought to offer the customers an incentive!

That's what should be focused on. Big gamechanging stuff is just words and there's no way to tell if the big promise of a coin is for real or just another pump scam.

Unfortunately that's something only the coin's team can do. The community can stoke the fire once it's burning, but it needs an official plan first. Right now the main talking point for NAUT is that it has the best team in the business (a famous face plus digibyte) yet somehow manages the worst wallet and worst network in crypto.
BK_PHI (OP)
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June 19, 2014, 08:01:18 PM
 #2243

Update on blockchain - we have 122mhs of mining rigs rented all mining at nau.bitember.com
open82buy
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June 19, 2014, 08:01:57 PM
 #2244

The golden rule for incentives of any kind is "small but meaningful". This is so much more practical than talking about merchant acceptance, which involves legal papers and people changing their working habits to suit whatever idea you might have for a verbal promise or speculation. There are tons of stories of merchants turning down bitcoin acceptance plans at two bucks or five bucks because they didnt think it was worth the risk. No one thought to offer the customers an incentive!

That's what should be focused on. Big gamechanging stuff is just words and there's no way to tell if the big promise of a coin is for real or just another pump scam.

Unfortunately that's something only the coin's team can do. The community can stoke the fire once it's burning, but it needs an official plan first. Right now the main talking point for NAUT is that it has the best team in the business (a famous face plus digibyte) yet somehow manages the worst wallet and worst network in crypto.


I like the way you think wheeljack, out of the box and flip side.
banana2995
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June 19, 2014, 08:16:21 PM
 #2245

Does anyone have an accurate way of predicting your Naut per day when mining?  The coin should be producing about 216000 Naut per day,  150 reward*60minutes/hour*24hours/day, but I know it is less in reality.
BK_PHI (OP)
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June 19, 2014, 09:10:54 PM
 #2246

Still have 120mhs mining - can anyone tell me how much more I may need to get this thing going?
CryptoLTD
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June 19, 2014, 09:15:07 PM
 #2247

Still have 120mhs mining - can anyone tell me how much more I may need to get this thing going?

TBH I dont know, with the digi-shield re-target issues ( that are I believe being worked on by the DGB guys )..its hard to say, if the historical NAUT hash rate up on coinwars yet? That may be a good indicator
BK_PHI (OP)
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June 19, 2014, 10:13:14 PM
 #2248

Still have 120mhs mining - can anyone tell me how much more I may need to get this thing going?

TBH I dont know, with the digi-shield re-target issues ( that are I believe being worked on by the DGB guys )..its hard to say, if the historical NAUT hash rate up on coinwars yet? That may be a good indicator

ok--thx...DGB guys are working on it...in the mean time I have rented more ASIC farms to increase the hash
Wheeljack
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June 19, 2014, 10:22:31 PM
 #2249

BK consider the possibility of renting ASICs even after the POW phase has ended. There is no reason not to fund the NSF that way via multipool. You could also emulate CAIx's price stability program (https://docs.google.com/file/d/0B_zHV0w2a6jVWWY3Q0JuS3UyblU5MDZsdVhSMFo3aHlwd2tR/edit?pli=1) that way, which is vaporware so far
BK_PHI (OP)
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June 19, 2014, 10:31:08 PM
 #2250

BK consider the possibility of renting ASICs even after the POW phase has ended. There is no reason not to fund the NSF that way via multipool. You could also emulate CAIx's price stability program (https://docs.google.com/file/d/0B_zHV0w2a6jVWWY3Q0JuS3UyblU5MDZsdVhSMFo3aHlwd2tR/edit?pli=1) that way, which is vaporware so far


this is interesting, I will look into it further....I know there is a PoS multipool in the works
Wheeljack
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June 19, 2014, 10:34:10 PM
 #2251

The problem I see with other coins is that they promise the moon and a bag of chips. Unrealistically big ideas need an implausibly big chequebook.

But using you & your staffs experience and expertise, you could select the small and meaningful parts of those ideas that are effectively cost neutral to yourself.

And the best part is, you're not stealing from the other coins, you're making that "ecosystem" with them.
crazyearner
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June 19, 2014, 10:45:15 PM
 #2252

Cant decide with this coin weather or not to continue the adventure or not. Seeing prices go up to a nice big spike to sell on then buy back in but to go down again and seems now prices are gradually going on the down rather than the up on it. Are they any new services forth coming with this coin like Bitcoin to buy good with or even services as I would start using more if their where more services.

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Wheeljack
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June 19, 2014, 10:50:18 PM
 #2253

Cant decide with this coin weather or not to continue the adventure or not. Seeing prices go up to a nice big spike to sell on then buy back in but to go down again and seems now prices are gradually going on the down rather than the up on it. Are they any new services forth coming with this coin like Bitcoin to buy good with or even services as I would start using more if their where more services.

I'm waiting to see how the NSF interacts with POS before I make any decisions. But I'm not going to be too generous with my time there. The spikes resulting from no new mined coins should have pricked up more ears by now, no?

The distribution resulting from such a protracted period of overselling is as attractive to me as any technical feature, tbh
BK_PHI (OP)
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June 19, 2014, 11:08:39 PM
 #2254

We just solved the stuck block...will keep mining to ensure smooth operation
mrcashking
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June 19, 2014, 11:13:09 PM
 #2255

We just solved the stuck block...will keep mining to ensure smooth operation

Thats awesome. Keep up the great work!
scrypto
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June 19, 2014, 11:25:51 PM
 #2256

Still have 120mhs mining - can anyone tell me how much more I may need to get this thing going?

TBH I dont know, with the digi-shield re-target issues ( that are I believe being worked on by the DGB guys )..its hard to say, if the historical NAUT hash rate up on coinwars yet? That may be a good indicator

ok--thx...DGB guys are working on it...in the mean time I have rented more ASIC farms to increase the hash

Thanks BK.  wallet just synced Smiley

IncreaseMyT
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June 20, 2014, 01:37:05 AM
 #2257

buy the dip, its a trap!
FlyingMongoose
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June 20, 2014, 01:41:18 AM
 #2258

buy the dip, its a trap!

Not necessarily. It could be people attempting to minimize losses with BTC going down.

Personally I'm just holding my NAUT right now.

I mean... BUY BUY BUY!

qoinpro.com/951c974b34f66cc68e805832df0c9d8c
cypz
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June 20, 2014, 02:11:03 AM
 #2259

buy the dip, its a trap!

Not necessarily. It could be people attempting to minimize losses with BTC going down.

Personally I'm just holding my NAUT right now.

I mean... BUY BUY BUY!

Iv never sold 1 naut

rock and roll #getNauti =)

IncreaseMyT
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June 20, 2014, 02:33:35 AM
 #2260

Look at the 4hr, this could get interesting.......is that uptrend I see?  Shocked

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