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Author Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield  (Read 900635 times)
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November 04, 2014, 12:28:23 AM
 #5221

I was having a bad day today but you guys made it all better.

Thanks for the laughs!!!

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November 04, 2014, 02:45:05 AM
 #5222

I don't think it would be too much to ask for an official response from Brian regarding the latest happenings. Coinmarkets regulars, including Bryce, always filled threads here on Bitcointalk claiming that everyone was an idiot because they weren't in the know, and basically gave a "if you don't get it; fuck off" kind of attitude. The switch to Blocktech for POS development was unanimously objected by the community MONTHS ago, and here we are today, no better than we were at the start.

Brian, your vision is sound and thats the reason we're still here, the reason NAUT is still alive. To get NAUT to the plateau in which you envision it, you are going to have to invest in a sound development team with experience and tenacity. You're trying to do something that has never been done before and that is going to require more skill than your standard opportunistic crypto twitter expert, or fly by night crypto clearing house can provide.




 
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November 04, 2014, 02:54:00 AM
 #5223

Not sure if this has made it to the forum but saw this link and thought it was worth a post , its for BK's book chaper 7,8,9  NAUTI!!
http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118963660.html
Table of Contents
Preface xi

Acknowledgments xiii

About the Author xv

Chapter 1 Bitcoin Is a Bubble 1

The Quest to Buy Bitcoin 3

Bitcoin Enlightenment 6

Currencies Are a Matter of Trust 8

What Is Bitcoin? 10

Is It a Currency? 13

It’s Revolutionary 17

Chapter 2 Understanding the Digital Gold Rush 19

The Language of Bitcoin 22

How Do I Buy Bitcoin? 26

Who “Gets” It? 30

The Gold Rush Is Just Starting 31

Chapter 3 Bitcoin Is More than Digital Gold 33

Searching for Satoshi 34

The Search 37

Why Is Satoshi a Genius? 44

Bigger than Satoshi 46

Chapter 4 Byzantine Generals’ Problem 49

How Does Bitcoin Solve the BGP? 52

51 Percent Attack 55

An Elegant Solution 57

Chapter 5 A Decentralized Financial System 59

Grand De-Central Station 63

What’s at Stake? 69

Central Banks 72

Bitcoin Is the Catalyst 73

Chapter 6 What Do You Call a Bitcoin Miner? A Banker 75

How Does a Bitcoin Transaction Work? 77

What Is Cryptography? 78

Still Want to Be a Miner? 82

Do We Need Another Bitcoin? 88

Chapter 7 Nautiluscoin—0 to $1 Million in 60 Days 91

Creating the Coin 94

Did It Work? 104

Chapter 8 Building the Nautiluscoin Economy 107

Dynamic Proof-of-Stake 110

Other Policy Tools 113

Alternative to Gold 115

Money, Made Better 116

Financial Market Integration 117

Special Drawing Rights 119

Why NAUT? 119

Chapter 9 Investing and Trading in Alternative Currencies 121

A New Investment Class 123

Valuation 129

Exchanges 133

Investment Vehicles 134

Asset Class Growth 136

Chapter 10 Regulation 139

Regulatory Agencies 140

Challenges to Regulation 147

Pushing on a String 147

Chapter 11 Smart Money: Set It and Forget It 149

Rules of the Road 151

Smart Contracts and Property 152

Ethereum 155

Cryptoequities: A New Type of Investment 160

Decentralized Autonomous Organizations 161

Professor Money 162

Chapter 12 Everything You Know about Business Is Wrong 163

Cryptonomics 166

Growth Share Matrix 169

Learning Curve Effects 171

Porter’s Three Generic Strategies 172

Human Resource Management 173

Fueling the Sharing Economy 174

The Future Just Might Work 176

You forgot to add:

Fuck the community because I'm done with my book 177




https://twitter.com/BKBrianKelly/status/529335498884796416

BW officially out and looking for a new dev again.

WHY THE FUCK HAS HE BEEN SO SILENT ABOUT THIS?  THANKS FOR THE COMMUNICATION AND TRANSPARENCY.  GREAT WORK.

why the fuck do you keep coming back. You have sold.

Maybe posts like this are the reason he doesnt post here anymore.

I keep coming back hoping he proves me wrong.  I sold the majority of my stash and couldn't be happier.  I still have a few thousand nauts just in case I actually am wrong.   So far, it's looking like i'm completely right.

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November 04, 2014, 02:56:10 AM
 #5224

i seem to have the supernatural ability to get the hell out before the walls come crashing down.

gox, moolah, mintpal, most mining companies, THIS COIN.

if nautilus actually succeeds, selling the majority of my stash would be my first blunder.

Oh what happened to NAUT... I was out a few days ago and today omg Smiley I was lucky Cheesy

I must be cryptodamus because i can smell bullshit from the future.

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November 04, 2014, 05:57:13 AM
 #5225

Steps to Growth.

Weiner gone X

Already moving forward.

Everything else can only be a positive.
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November 04, 2014, 06:29:59 AM
 #5226

I don't expect an announcement from BK until we have new devs.


You forgot to add:

Fuck the community because I'm done with my book 177



What does this even mean?

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November 04, 2014, 06:33:56 AM
Last edit: November 04, 2014, 07:27:32 AM by BitcoinNational
 #5227

I honestly couldn't be happier about the no weener on this coin.

Now that is out of the bag, I am more than happy to wait Smiley



well politics aside.  the network is still F##kd ... no Hash power cuz no reward.  it needs POS protection last month.  

Quote
NAUT Network Hashrate: 51.08 MH/s / R=0.1

The network is in the red zone (defensively).  Due to the popularity of NAUt it is an easy forking target.

I'm I wrong?

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Revolutionized.  ──


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November 04, 2014, 01:10:09 PM
 #5228

https://twitter.com/BKBrianKelly/status/529335498884796416

BW officially out and looking for a new dev again.

I thought everything is prepared for POS and we are just waiting for the book... and now this... BK give out and dont give up! And rise a kNAUT!

BTC compared to PASC looks like big clumsy dinosaur - still not aware of meteor coming.
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November 04, 2014, 03:14:45 PM
 #5229

https://twitter.com/BKBrianKelly/status/529335498884796416

BW officially out and looking for a new dev again.

I thought everything is prepared for POS and we are just waiting for the book... and now this... BK give out and dont give up! And rise a kNAUT!

Who cares about a stupid book from somebody that can't control his own coin and doesn't have a clue how Crypto works. This coin never had a developer that was dedicated to this coin, only hired devs when one is needed, working for months and still deliver nothing.

Dynamic PoS is proberly not going to happen and IF it does.....it's just PoS, like every other coin allready has. Dynamic PoS connected to some kind of indicator on Wall Street? Who cares, it's not paying enough (2-3%) and it's just inflation.

So the first thing you should do is SAVE YOUR NETWORK, then come with usefull applications....throw away that book, if we want to read something we use the Internet
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November 04, 2014, 05:06:58 PM
 #5230

https://twitter.com/BKBrianKelly/status/529335498884796416

BW officially out and looking for a new dev again.

I thought everything is prepared for POS and we are just waiting for the book... and now this... BK give out and dont give up! And rise a kNAUT!

Who cares about a stupid book from somebody that can't control his own coin and doesn't have a clue how Crypto works. This coin never had a developer that was dedicated to this coin, only hired devs when one is needed, working for months and still deliver nothing.

Dynamic PoS is proberly not going to happen and IF it does.....it's just PoS, like every other coin allready has. Dynamic PoS connected to some kind of indicator on Wall Street? Who cares, it's not paying enough (2-3%) and it's just inflation.

So the first thing you should do is SAVE YOUR NETWORK, then come with usefull applications....throw away that book, if we want to read something we use the Internet

When will you realize that by writing this book BK will probably have done more for BTC than 95% of the random clowns here on this board including myself?

Right, throw it away. Who cares. Who needs books, we have the internet.  Roll Eyes

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November 04, 2014, 06:25:20 PM
 #5231

https://twitter.com/BKBrianKelly/status/529335498884796416

BW officially out and looking for a new dev again.

I thought everything is prepared for POS and we are just waiting for the book... and now this... BK give out and dont give up! And rise a kNAUT!

Who cares about a stupid book from somebody that can't control his own coin and doesn't have a clue how Crypto works. This coin never had a developer that was dedicated to this coin, only hired devs when one is needed, working for months and still deliver nothing.

Dynamic PoS is proberly not going to happen and IF it does.....it's just PoS, like every other coin allready has. Dynamic PoS connected to some kind of indicator on Wall Street? Who cares, it's not paying enough (2-3%) and it's just inflation.

So the first thing you should do is SAVE YOUR NETWORK, then come with usefull applications....throw away that book, if we want to read something we use the Internet

The Dynamic PoS had nothing to do with a wall street indicator. It had to do with the velocity and population, coin age etc and other features of the network.

I have to say, as a developer, I've never worked on any coin code myself... but I expect I could have gone from Zero knowledge of the BTC/Naut code to getting the PoS released in beta in test net (from the first announcement of it) well before this.
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November 04, 2014, 06:47:08 PM
 #5232

It seems this anonymous clan of slack-jawed troglodytes has found themselves in a bit of a mess.


Excellent...
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November 04, 2014, 11:04:14 PM
 #5233

I honestly couldn't be happier about the no weener on this coin.

Now that is out of the bag, I am more than happy to wait Smiley



well politics aside.  the network is still F##kd ... no Hash power cuz no reward.  it needs POS protection last month.  

Quote
NAUT Network Hashrate: 51.08 MH/s / R=0.1

The network is in the red zone (defensively).  Due to the popularity of NAUt it is an easy forking target.

I'm I wrong?

I could rape the nautiluscoin network personally.  I have over 500 MH of asic scrypt miners that would bring this coin to it's knees.

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November 05, 2014, 12:34:29 AM
 #5234

I honestly couldn't be happier about the no weener on this coin.

Now that is out of the bag, I am more than happy to wait Smiley



well politics aside.  the network is still F##kd ... no Hash power cuz no reward.  it needs POS protection last month.  

Quote
NAUT Network Hashrate: 51.08 MH/s / R=0.1

The network is in the red zone (defensively).  Due to the popularity of NAUt it is an easy forking target.

I'm I wrong?

I could rape the nautiluscoin network personally.  I have over 500 MH of asic scrypt miners that would bring this coin to it's knees.

You do this and I start depositing BTC into an address of you choice. I have to see the price go down though as confirmation. Also I hear firing up and transacting from old wallets helps.

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November 05, 2014, 01:13:47 AM
 #5235

Flying Mongoose - Do you have anything to input as to what is going on?
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November 05, 2014, 02:51:54 AM
 #5236

It would appear, Brian Kelly does not find this forum a good venue to share updates and information. I don't mind as this forum is crazy, as witnessed by the posts above me that are contemplating sabotage or forking of the network. From IRC chats I have been in it appears Brian Kelly is having a developer running tests of POS, of what I assume was given to BK via Blocktech and or Wiener.  That information apparently is not really being advertised nor does it really mean anything, as the POS is at best in test mode. Of course this is me speculating a lot and bits and pieces.

I do think 2 things need to be pointed out. First of all it would appear that it is increasingly difficult to have any communication and updated from Brian Kelly. It appears a tweet or two was suffiecient for this recent POS failure and the need for a new developer to finish the transition.

The second point is to consider, why is Brian kelly so quiet throughout this process, it would appear to most that he was not overly worried or concerned. He has not really addressed the situation in a public forum besides twitter. He also has not commented on his website that talks about creating liquidity for alt coins.

https://twitter.com/BKBrianKelly/status/529335668418560001
https://twitter.com/BKBrianKelly/status/529335498884796416


Market Making

DIGITAL CURRENCY LIQUIDITY

BKCM LLC provides market marking services for digital currencies. A deep and liquid currency market is essential for a digital economy to flourish.

We leverage our expertise in financial markets to provide liquidity for your digital currency.

Contact us to learn more about how our market making services can enhance your digital economy.
http://www.briankellycapital.com/digitalcurrencies

So my takeaway is that if BK is not too worried then I shouldnt be that worried. It would be nice to find a place thought that we can get updates or information from BK, perhaps another moderated forum??

Obviously don't invest in this coin unless you are going to be comfortable losing it.


My feeling is that in the big picture Cryptocurrency is just getting started. And if you don't have the time and patience to wait then perhaps online poker and fan duel is the place for you





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November 05, 2014, 03:04:16 AM
 #5237

yep.  you're right.  i'll keep stuff like that private.

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November 05, 2014, 04:11:59 AM
 #5238

Flying Mongoose - Do you have anything to input as to what is going on?

I must point out something I must quote from a man (who many people believe was evil), but he did become the most successful man in the world during his time: Rockefeller (Or so I've heard that he said this.)
"When people are upset, I buy, when people are happy, I sell."

Personally I'm still accumulating.

There's nothing wrong with third party developers working on the coin, hell if I had more C++ experience (especially with Coins), I'd do it myself. Unfortunately I do not have that experience (yet), but I am actually working on that Smiley .

Here's why I feel using third party developers is fine: It happens across the IT field, almost nothing you see distributed in tech nowadays has any exclusivity to developers. I know this because I work in contracted field(s). Not only that I have worked directly FOR some of these contracting companies (not as a contractor, but for the company itself). I can tell you that probably a good all of 1% of the applications you have on your computer(s) including operating system have never had a contractor's hands in it.

Now, Bryce left apparently due to what looks like (according to his twitter) some "ethical" differences. To be entirely honest, unfortunately, "ethics" has become a "catchall" if you ask me. From what I saw (in the series of screenshots) it was more attitude than anything.

I've had conversations with Bryce, but one of his tweets "I don't belong in a corporation" very well could be the case. But I still wish him the best, as I would anyone. And I also, of course, wish blocktech the best in their endeavors.

I know I've been silent (even in my own development) lately, but I've also been super busy.

You have to remember, BK is still a public hedge fund manager, which means managing all kinds of financial stuff and we're in Quarter 4... this is where a lot of the crazy hurry up and get shit done stuff happens (and it's happening to me too in my contract work), lots of unrealistic deadlines for not only developers, but for financial institutions, and all kinds of businesses (I myself have had a lot of shit for me to get done even in contracted work).

I was unaware of the issues prior to it, but ultimately the fact BK is looking for another developer just outright tells me he's still supporting his own coin, which means there's still reason to hold onto the coin.

https://twitter.com/BKBrianKelly/status/529335498884796416

BW officially out and looking for a new dev again.

I thought everything is prepared for POS and we are just waiting for the book... and now this... BK give out and dont give up! And rise a kNAUT!

Who cares about a stupid book from somebody that can't control his own coin and doesn't have a clue how Crypto works. This coin never had a developer that was dedicated to this coin, only hired devs when one is needed, working for months and still deliver nothing.

Dynamic PoS is proberly not going to happen and IF it does.....it's just PoS, like every other coin allready has. Dynamic PoS connected to some kind of indicator on Wall Street? Who cares, it's not paying enough (2-3%) and it's just inflation.

So the first thing you should do is SAVE YOUR NETWORK, then come with usefull applications....throw away that book, if we want to read something we use the Internet

The Dynamic PoS had nothing to do with a wall street indicator. It had to do with the velocity and population, coin age etc and other features of the network.

I have to say, as a developer, I've never worked on any coin code myself... but I expect I could have gone from Zero knowledge of the BTC/Naut code to getting the PoS released in beta in test net (from the first announcement of it) well before this.

Pilot, you and I have had a few conversations. I would posit, and ask, if you'd be willing to potentially collaborate on grabbing the current code, and seeing if you and I can do just that (as I stated, I'm not very good at C++ or Qt, let alone coin stuff), but I'm more than willing to learn. I personally still feel this coin can succeed, but it will take some regular dedication from people (and those who've been dedicated in it's community).

qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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November 05, 2014, 04:34:57 AM
 #5239

The Nauti community should just come up with a list of the five elite coin developers who could get the dynamic POS of stake done yesterday and present it to BK who would make the final decision.

I also think part of the condition of being hired is that the developer agrees to update this thread once a week on developments - say every Sunday. The updates DO NOT need to have timelines as these always seem to be blown.

This is a LOGICAL and FAIR way of going about things.

I formally present this idea to our community manager - FlyingMoose

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November 05, 2014, 04:37:52 AM
 #5240

The Nauti community should just come up with a list of the five elite coin developers who could get the dynamic POS of stake done yesterday and present it to BK who would make the final decision.

I also think part of the condition of being hired is that the developer agrees to update this thread once a week on developments - say every Sunday. The updates DO NOT need to have timelines as these always seem to be blown.

This is a LOGICAL and FAIR way of going about things.

I formally present this idea to our community manager - FlyingMoose

It's a possibility. Unfortunately, weekly reports can sometimes be unrealistic too (I've gotten stuck in development before that has pretty much given me roadblocks for a week).

I actually once had one stump me for about a week and a half and had a dream (yes an actual dream) that resolved my issue (I had to run and get a pen & paper before I forgot). The more strange thing about it was... I don't dream. (This was years ago but even then I didn't really dream).

Anyway, if you guys can come up with a list, by all means just post it here. BK has stated that he's had some suggestions already though.

Like I said, if I were more experienced in C++/Qt and Coins I'd pick up the reigns myself. My experience is primarily in web development (PHP, Python, Ruby on Rails), I've also developed applications in Visual Basic and C# (MS Forms only). But I have picked up the Qt libraries and have been starting to develop some applications for myself... it may not be far-fetched for me to do it eventually, but today is not that day.

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