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

[BK_PHI]

Lots of awesome news and discussion here, but lets not forget to vote ;-)
http://www.coinwarz.com/voting

20 more votes gets us to #7

[IncreaseMyT]

wohooooo look at that gap up on wisdom.  this thing going to 10-20 bucks each before this show is over, still holding HUGE bags of naut

[PilotofBTC]

Hi, any problem with the blockchain?   transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

This is going to really hurt this coin.

But, if we can't USE the coin because blocks are taking 10-12 HOURS rather than the 60 seconds of the spec, we can't transfer it, there is a problem.

Alas, it won't be fixed until the transition to PoS which I understand. Forking to remove the failed digishiled code and then a week later again to go to PoS will put worse strain on the coin.

[IncreaseMyT]

Hi, any problem with the blockchain?   transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

This is going to really hurt this coin.

But, if we can't USE the coin because blocks are taking 10-12 HOURS rather than the 60 seconds of the spec, we can't transfer it, there is a problem.

Alas, it won't be fixed until the transition to PoS which I understand. Forking to remove the failed digishiled code and then a week later again to go to PoS will put worse strain on the coin.

How come your always negative nancy? just go away, dump your coin and buy something else.

PS if your looking at the chart right now and think this coin is "hurting" maybe you should find a different hobby, we will back at 30k in no time

there are no problems that can't be fixed, at least this coin has a team behind it willing to do what it takes, and honestly thats all that really matters

[BTCrawl]

Hi, any problem with the blockchain?   transition to PoS?
I sent Nauts a few hours ago and 0 confirmations. My wallet don´t synchronize. (stuck in 7 hours back)

This is going to really hurt this coin.

But, if we can't USE the coin because blocks are taking 10-12 HOURS rather than the 60 seconds of the spec, we can't transfer it, there is a problem.

Alas, it won't be fixed until the transition to PoS which I understand. Forking to remove the failed digishiled code and then a week later again to go to PoS will put worse strain on the coin.

Maybe in the short term, but once it's fixed with the PoS switch it will be forgiven and forgotten very quickly Lots of coins have a rocky starts and are doing great now. Just think about all the technical problems Darkcoin has had, and still has, while also claiming the number 4 spot in marketcap.

[BTCrawl]

Bryce Weiner (VERY well respected crypto developer) is doing an interview with David Seaman (journalist who started covering Bitcoin when no one else did) right now! The link is here -> https://www.youtube.com/watch?v=9VldihoIYuY&feature=youtu.be They start to talk Nautiluscoin almost immediately and has nothing but good things to say. Highly recommend everyone to watch it.

Edit: Listened to it some more, they are incredibly complimentary of BK. Very nice to hear from big players like them

Edit 2: People who are not into Nautiluscoin will be after listening to their talk. They brought up most of the great things about Naut, and only had hugely positive things to say. I hope everyone shares this with people who are interested, as it was a great introduction as well as comments on what is currently happening with the coin.

[IncreaseMyT]

look at the 4hr marubozu candle, fittin to moon son 

[Doging]

I know other coins are setting up multipools but it does sound perfect for NAUT. I find multipool returns are limited unless you're extremely tactful about how you sell the coins you mine, wait too long and you're mining at a loss, sell too soon and miss out on a decent return, let the multipool auto-sell and profits are often minimal if that. What you really want is payment in a coin which is likely to appreciate in value.

The best method is to watch this forum like a hawk and get in early on the right coin but it's time consuming and disappointing when you back the wrong horse. I just couldn't understand the talk about dumping it down to 1 sat.

Normally PoS multi pools are handled manually as far as I know. So the people running the pool take all the coins that's been mined for the last 12 hours (for example), sell them and then purchase whatever coin the multipool is mining. This means that the skill of the people running it somewhat determiners the outcome. One can usually count on a certain return however, as long as they don't mess up completely

Perhaps an option for a weekly payout with a dedicated trader who takes something like 10% fee for their efforts could maximize returns?

[xtent]

As a newbie that does not understand the satoshi ratios and such but wants to get this coin it is not very easy.

Sure I have heard buy bitcoin, (already did this but takes nearly a week to show up in Coinbase), then exhange it (volumes and prices asked seem crazy).  I would love nothing more than to purchase coins with USD, I believe any views of the upcoming fight are going to feel the same way.

As of now it is just to difficult for the average user like me to actually get into this coin without jumping through a lot of hoops, which starts to throw interests off.

[BTCrawl]

I know other coins are setting up multipools but it does sound perfect for NAUT. I find multipool returns are limited unless you're extremely tactful about how you sell the coins you mine, wait too long and you're mining at a loss, sell too soon and miss out on a decent return, let the multipool auto-sell and profits are often minimal if that. What you really want is payment in a coin which is likely to appreciate in value.

The best method is to watch this forum like a hawk and get in early on the right coin but it's time consuming and disappointing when you back the wrong horse. I just couldn't understand the talk about dumping it down to 1 sat.

Normally PoS multi pools are handled manually as far as I know. So the people running the pool take all the coins that's been mined for the last 12 hours (for example), sell them and then purchase whatever coin the multipool is mining. This means that the skill of the people running it somewhat determiners the outcome. One can usually count on a certain return however, as long as they don't mess up completely

Perhaps an option for a weekly payout with a dedicated trader who takes something like 10% fee for their efforts could maximize returns?

That might not be a bad idea if it's done right. There's a pretty respected trader on Twitter called KingBTC who has recently started investing Bitcoins that people send him through a little fund he's working with. It's a new thing so I'm not sure how it will turn out, but how it fares might be indicative if crypto is ready for hedgefund investors of its own

[FlyingMongoose]

As a newbie that does not understand the satoshi ratios and such but wants to get this coin it is not very easy.

Sure I have heard buy bitcoin, (already did this but takes nearly a week to show up in Coinbase), then exhange it (volumes and prices asked seem crazy).  I would love nothing more than to purchase coins with USD, I believe any views of the upcoming fight are going to feel the same way.

As of now it is just to difficult for the average user like me to actually get into this coin without jumping through a lot of hoops, which starts to throw interests off.

Unfortunately this is a limitation to bitcoin and virtual currency based businesses in the united states, now that there's new tax status rapid distribution of virtual currency is rather difficult. Some, however, manage to make it process rather quickly. If you have a Visa card, coinbase manages to process quickly.


Don't forget to vote, we're #7 now.
http://www.coinwarz.com/voting

[BTCrawl]

As a newbie that does not understand the satoshi ratios and such but wants to get this coin it is not very easy.

Sure I have heard buy bitcoin, (already did this but takes nearly a week to show up in Coinbase), then exhange it (volumes and prices asked seem crazy).  I would love nothing more than to purchase coins with USD, I believe any views of the upcoming fight are going to feel the same way.

As of now it is just to difficult for the average user like me to actually get into this coin without jumping through a lot of hoops, which starts to throw interests off.

I completely get that. I was terrified when I started trading altcoins (other coins than Bitcoin) as it can be a little tricky. The easiest thing to do right now is to transfer your Bitcoins to a good exchange like Mintpal, and buy Nautiluscoin there.

Basically 1 satoshi is the smallest divisible number of a Bitcoin, or 0.00000001 Bitcoins So when we say that one Nautiluscoin is worth 20,000 satoshi it means that it's worth the equivalent of 0,0002 Bitcoins, or about 12 cents.

As for easier methods of purchasing, www.Moolah.io is about to launch a platform that will allow people to purchase Nautiluscoin directly with dollars and euros. This will hopefully go a long way of making non-techies more comfortable. I'm not sure when they're launching that however, but from what I can gather it seems like they might do it during the summer.

[Doging]

I know other coins are setting up multipools but it does sound perfect for NAUT. I find multipool returns are limited unless you're extremely tactful about how you sell the coins you mine, wait too long and you're mining at a loss, sell too soon and miss out on a decent return, let the multipool auto-sell and profits are often minimal if that. What you really want is payment in a coin which is likely to appreciate in value.

The best method is to watch this forum like a hawk and get in early on the right coin but it's time consuming and disappointing when you back the wrong horse. I just couldn't understand the talk about dumping it down to 1 sat.

Normally PoS multi pools are handled manually as far as I know. So the people running the pool take all the coins that's been mined for the last 12 hours (for example), sell them and then purchase whatever coin the multipool is mining. This means that the skill of the people running it somewhat determiners the outcome. One can usually count on a certain return however, as long as they don't mess up completely

Perhaps an option for a weekly payout with a dedicated trader who takes something like 10% fee for their efforts could maximize returns?

That might not be a bad idea if it's done right. There's a pretty respected trader on Twitter called KingBTC who has recently started investing Bitcoins that people send him through a little fund he's working with. It's a new thing so I'm not sure how it will turn out, but how it fares might be indicative if crypto is ready for hedgefund investors of its own

I'm sure there's a few traders who know how to maximise their profits, they know what coins are going to be hot and what price they're likely to achieve just by looking at the code and devs. A week is a long time in crypto and that 10% could really make it worthwhile for someone.

[xtent]

Thank you, the whole satoshi thing makes a bit more sense now.

Heard about the Moolah possibility, was hoping it would happen prior to the fight.

As a newbie that does not understand the satoshi ratios and such but wants to get this coin it is not very easy.

Sure I have heard buy bitcoin, (already did this but takes nearly a week to show up in Coinbase), then exhange it (volumes and prices asked seem crazy).  I would love nothing more than to purchase coins with USD, I believe any views of the upcoming fight are going to feel the same way.

As of now it is just to difficult for the average user like me to actually get into this coin without jumping through a lot of hoops, which starts to throw interests off.

I completely get that. I was terrified when I started trading altcoins (other coins than Bitcoin) as it can be a little tricky. The easiest thing to do right now is to transfer your Bitcoins to a good exchange like Mintpal, and buy Nautiluscoin there.

Basically 1 satoshi is the smallest divisible number of a Bitcoin, or 0.00000001 Bitcoins So when we say that one Nautiluscoin is worth 20,000 satoshi it means that it's worth the equivalent of 0,0002 Bitcoins, or about 12 cents.

As for easier methods of purchasing, www.Moolah.io is about to launch a platform that will allow people to purchase Nautiluscoin directly with dollars and euros. This will hopefully go a long way of making non-techies more comfortable. I'm not sure when they're launching that however, but from what I can gather it seems like they might do it during the summer.

[BTCrawl]

Thank you, the whole satoshi thing makes a bit more sense now.

Heard about the Moolah possibility, was hoping it would happen prior to the fight.

Now worries Just post here if there's something else you're unsure of. There's a lot of helpful people in this thread who can help you out.

[FlyingMongoose]

Actually http://www.moolah.io auto-forwards to http://v2.moolah.io ... this means that v2 is released, and nautiluscoin is part of v2.

[folhowk]

Really excited about the next few weeks for this coin.  So many developments going on and an awesome community.

[xtent]

Actually http://www.moolah.io auto-forwards to http://v2.moolah.io ... this means that v2 is released, and nautiluscoin is part of v2.

Registered earlier today but seems the USD feature is not going yet.

[FlyingMongoose]

Actually http://www.moolah.io auto-forwards to http://v2.moolah.io ... this means that v2 is released, and nautiluscoin is part of v2.

Registered earlier today but seems the USD feature is not going yet.

Only a matter of time, but they no longer support the legacy version.

[PilotofBTC]

Actually http://www.moolah.io auto-forwards to http://v2.moolah.io ... this means that v2 is released, and nautiluscoin is part of v2.

Registered earlier today but seems the USD feature is not going yet.

Same here. I created a NAUT "account". But see no way to fund it with USD.