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Author Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield  (Read 900642 times)
PilotofBTC
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July 16, 2014, 07:26:59 PM
 #3281

I think a 24-48 hour minimum coin age would be appropriate.

For max coin age, I would say somewhere around 7-10 days. Although, maybe that is a bit too long. We want people to keep there nodes running.

I think one thing that would help is allowing a locked wallet to stake. Not all coins allow this, and keeping an unlocked wallet running on your PC is quite risky even with a good strong PC password and ensuring you are locking your PC whenever you walk away from it, even at home.

Why wouldn't a coin allow a locked wallet?

The wallets do allow locking (encryption).

Most PoS wallets need to be unlocked to stake. The reason is that the wallet is creating a block, so it has to be signed. In order to be signed, the software needs access to the private key. The wallet has no access to the private key while it is locked.

Remember, with PoS wallets (nodes) are creating all the blocks.

I think Qora recently added this feature, but I'm not sure how it works. I can only think somehow the wallet has to have the PK stored somewhere. I guess it can be done using the build in OS encryption.... but it does seem to lower security a bit.
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July 16, 2014, 07:47:02 PM
 #3282

or maybe an auto unlock daily for stake, i don't know how it works but from what i understand people unlock it in console for a limited amount of time to stake, is there a minimum time that needs to be unlocked to collect stake?

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July 16, 2014, 08:08:27 PM
 #3283

or maybe an auto unlock daily for stake, i don't know how it works but from what i understand people unlock it in console for a limited amount of time to stake, is there a minimum time that needs to be unlocked to collect stake?

Ultimately that's not a good option either. Take into consideration that the coins may have been deposited across several days into a single wallet. Even potentially within numerous different hours within a day (often the case for miners), this means it's more worthwhile for the staking if the person just leaves it unlocked, however it reduces the security.

A side note: This honestly would be my case as I mined early on and had numerous different payouts throughout my mining across days, hours, and weeks. I have not sold a single NAUT since I started accumulating.

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July 16, 2014, 08:18:48 PM
 #3284

or maybe an auto unlock daily for stake, i don't know how it works but from what i understand people unlock it in console for a limited amount of time to stake, is there a minimum time that needs to be unlocked to collect stake?

Ultimately that's not a good option either. Take into consideration that the coins may have been deposited across several days into a single wallet. Even potentially within numerous different hours within a day (often the case for miners), this means it's more worthwhile for the staking if the person just leaves it unlocked, however it reduces the security.

A side note: This honestly would be my case as I mined early on and had numerous different payouts throughout my mining across days, hours, and weeks. I have not sold a single NAUT since I started accumulating.

thanks for info i'm not that tech savvy and i relay on info guys like you provide , whatever it is i agree with knowledgeable ones Smiley

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July 16, 2014, 08:23:30 PM
 #3285

FYI: Peercoin was one of the first and their site explains it pretty well. Here is a bit about minting and coin age:

http://www.peercoin.net/minting

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July 16, 2014, 08:27:20 PM
 #3286

FYI: Peercoin was one of the first and their site explains it pretty well. Here is a bit about minting and coin age:

http://www.peercoin.net/minting



PPC is actually a pretty good coin.  So I think mimicking them is a great idea.
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July 17, 2014, 12:19:45 AM
 #3287

Thanks everyone for all the cheap NAUT. I really needed more

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July 17, 2014, 12:47:10 AM
 #3288

I'm still a fan of NAUT but did anyone else find Bryce Weiner to be extremely irritating on his last David Seaman podcast appearance? He was pompous and blowhardy and unable to admit that he had been giving bad advice on Twitter, because he's a pundit, and his whole career is dependent on him convincing other people he's right.

But he's not. He barely seems to know what he's talking about anymore.

After that last episode I can't stand listening to either one of them now.

Sorry for interjecting the blatant negativity but I was just wondering if anybody else got a similar vibe.

These two guys who present themselves as authorities on an important subject matter don't actually understand the altcoin market better than anybody else. They just insist that they do in order to "make a living," quote unquote.

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July 17, 2014, 01:14:42 AM
 #3289

I'm still a fan of NAUT but did anyone else find Bryce Weiner to be extremely irritating on his last David Seaman podcast appearance? He was pompous and blowhardy and unable to admit that he had been giving bad advice on Twitter, because he's a pundit, and his whole career is dependent on him convincing other people he's right.

But he's not. He barely seems to know what he's talking about anymore.

After that last episode I can't stand listening to either one of them now.

Sorry for interjecting the blatant negativity but I was just wondering if anybody else got a similar vibe.

These two guys who present themselves as authorities on an important subject matter don't actually understand the altcoin market better than anybody else. They just insist that they do in order to "make a living," quote unquote.

lol i feel ya

but i don't watch those anymore

PS is just me or does it look like BTC is gonna shoot up?
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July 17, 2014, 01:33:02 AM
 #3290

I'm still a fan of NAUT but did anyone else find Bryce Weiner to be extremely irritating on his last David Seaman podcast appearance? He was pompous and blowhardy and unable to admit that he had been giving bad advice on Twitter, because he's a pundit, and his whole career is dependent on him convincing other people he's right.

But he's not. He barely seems to know what he's talking about anymore.

After that last episode I can't stand listening to either one of them now.

Sorry for interjecting the blatant negativity but I was just wondering if anybody else got a similar vibe.

These two guys who present themselves as authorities on an important subject matter don't actually understand the altcoin market better than anybody else. They just insist that they do in order to "make a living," quote unquote.

Yes Weiner is very full of himself. He doesnt have any real connection to NAUT though does he?
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July 17, 2014, 01:35:39 AM
 #3291

Lol... so david is getting tired of NAUT nor or have I misread?


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July 17, 2014, 02:14:37 AM
 #3292

Yes Weiner is very full of himself. He doesnt have any real connection to NAUT though does he?

I found out about NAUT through him, who I found through David Seaman, who I found through Joe Rogan. I thought I'd like Weiner & Seaman (lol), so I gave it a try, but it turns out I don't. Its just genetic I suppose...

I liked the idea of them because I like bitcoin and I like podcasts and they combined the two. Now they're just a new breed of self-imposed financial guru, incapable of speaking from the heart because they have too many self-interests to promote.

They are in love with the sound of their own voice and that's about it.

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July 17, 2014, 02:18:08 AM
 #3293

Lol... so david is getting tired of NAUT nor or have I misread?



Heh no he actually went on about doubling down and being out of $$ to invest in NAUT because its all there already.

I do believe NAUT is separated from the pack and I will hold mine for a while but it certainly won't be because of Weiner and Seaman (lol, sorry its still funny).

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July 17, 2014, 05:47:55 AM
 #3294

Lol... so david is getting tired of NAUT nor or have I misread?



Heh no he actually went on about doubling down and being out of $$ to invest in NAUT because its all there already.

I do believe NAUT is separated from the pack and I will hold mine for a while but it certainly won't be because of Weiner and Seaman (lol, sorry its still funny).

but you have to admit seaman is fond of it speaks up and tweets about it and that is good , more eyes on it, but we really need this POS ann and transition asap.. well isn't Thursday tomorrow? let's hope we wont have wait another 2-3weeks

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July 17, 2014, 07:18:58 AM
 #3295

Lol... so david is getting tired of NAUT nor or have I misread?



Heh no he actually went on about doubling down and being out of $$ to invest in NAUT because its all there already.

I do believe NAUT is separated from the pack and I will hold mine for a while but it certainly won't be because of Weiner and Seaman (lol, sorry its still funny).
Here's David's latest video about Nautiluscoin: https://www.youtube.com/watch?v=LcBfS6iJoTM Seems pretty positive to me Smiley
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July 17, 2014, 11:01:48 AM
 #3296

Yes Weiner is very full of himself. He doesnt have any real connection to NAUT though does he?

I found out about NAUT through him, who I found through David Seaman, who I found through Joe Rogan. I thought I'd like Weiner & Seaman (lol), so I gave it a try, but it turns out I don't. Its just genetic I suppose...

I liked the idea of them because I like bitcoin and I like podcasts and they combined the two. Now they're just a new breed of self-imposed financial guru, incapable of speaking from the heart because they have too many self-interests to promote.

They are in love with the sound of their own voice and that's about it.


Doubling down on previous dips worked out nicely for me, got in at 9k and 12k when inflation took over and if bitcoin drops again I'll buy more at this price. We'll go POS with 4.5 million coins or less so it's probably not a bad call. David contributes regularly and regardless of what people think of Bryce he could still be good for NAUT in the long run.

I think people dumping at this price will regret it like those that dumped in the 10k region, my coins are all off exchange and hopefully people will be focused on staking next week.

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WALLET




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Tweek
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July 17, 2014, 03:55:21 PM
 #3297

And has gotten it's private calculator which can be found at https://cointweak.com/calculator/coin/naut

Quote
Coin    Difficulty    Coin reward/day    Exchange rate BTC    Exchange rate USD  24h trade volume   Revenue/day    Days to create 1 BTC
Nautiluscoin 984.8171  3.255812  Mintpal ฿0.00019249    $ 0.12030625    ฿5.11300    $0.39 1595.63

IncreaseMyT
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July 17, 2014, 04:14:59 PM
 #3298

yea we need to get the POS rolling, BTC is ready to explode to 900-1000

we wann go with it.
scrypto
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July 17, 2014, 04:39:20 PM
 #3299

yea we need to get the POS rolling, BTC is ready to explode to 900-1000

we wann go with it.

I hear you bro.  Time is now.

Let's hope BK chimes in with good news and that the testing begins tomorrow.
PilotofBTC
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July 17, 2014, 04:51:49 PM
 #3300

IT'S THURSDAY !!!   

Where's my PoS wallet.  (BTW: This is fake hype post. I can wait util it is right.)

However, I would like to see the new specs of the coin as PoS... IE, Reward rate, min coin days, max coin days, etc. If there so close to releasing, these things must be known by now.
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