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

[choppy123]

Does anyone here know the exact relationship between digibyte and NAUT...of course NAUT acquired digishield but I believe something big may be in the works between both coins. I say this because digibyte is in the process of switching their algorithm. I wonder if digibyte's new algorithm is tied into NAUT's premine stabilization fund?? There's got to be more to this relationship of NAUT to DGB but I can't quite figure it out....Whatever it is, it's going to benefit both coins big time !

Digibyte and Nautiluscoin are two separate entities. I contacted Digibyte to implement Digishield and overhaul the code because I had heard they are some of the best in the business.  

They are passionate, professional and trustworthy. That is why they are involved in NAUT.

-BK

Thanks BK for quick response...I have been a DGB supporter since day 1.

I like what I'm seeing with NAUT and plan on investing in the long run. The way that I see it is that the NSF is a clever preplanned way of addressing market price stability. This is the reverse situation to blackcoin's afterthought attempt of trying to create bitcoin buy walls. The problem is though that blackcoin had zero premine therefore they are left trying to fundraise bitcoin buywall support, which is proving difficult to do. Also, blackcoin fails in the arena of transparency with their multipool and most of their projects for that matter. On paper, i see NAUT addressing all of these flaws with blackoin. As long as NAUT is honest and upfront with all of the NSF specifics, there is a very bright future for NAUT.
Very smart idea with the NSF.

Where can I read more specific details of the NSF? thanks again and all the best with the development of NAUT...This coin has huge potential.

[1715251612]

1715251612

[1715251612]

1715251612

[1715251612]

1715251612

[cloudboy]

AGX seems to be incompetent. Could have sold at 45k satoshis...obvious bubble. Now I'm waiting for my coins to become available and the price is half that.

[choppy123]

Are you serious. At 1% premine coin with 225k coins mined per day.
If you are a miner dumping coins to dummies sounds like a good deal for you.
Good luck.

If you are a trader then stick with PoS and limited or no mining coins.
We are not paying for miner's rigs and their rent anymore.

Have you not noticed the future yet?

someone doesn't know who the founder is 

or what an NSF is...lol...

[amdfxman1701]

Guys,  Plz Move your http://phi.0feepool.com/ hashrate to http://naut.0feepool.com/. There is a  huge invisible multipool to mine the coin. It not a good time to scatter hashrate.  We need to merge hashrate to kick them off

Support: 0feepool AT gmail

that's where i'm at 200mh i had 100 just expired didn't make shit , your pool is so unlucky

If we scatter hashrate, the multipool will find more blocks. They will dump it more and more quickly and drop off the price. They do not care about coins. It does harm to Nautiluscoin.

Now, the multipool had over 3GH/s hashrate. A single pool can not resist them. If we merge to http://naut.0feepool.com/ . We will take 30% hashrate of whole NAUT network. It will be more quickly to find block.

I thought the purpose of digishield was to combat multipools>

[choppy123]

Are you serious. At 1% premine coin with 225k coins mined per day.
If you are a miner dumping coins to dummies sounds like a good deal for you.
Good luck.

If you are a trader then stick with PoS and limited or no mining coins.
We are not paying for miner's rigs and their rent anymore.

Have you not noticed the future yet?

someone doesn't know who the founder is  

I know who he is. It does not matter.
This is mathematics. It cannot be changed by fame, tweets, or news reports.

Look at Maxcoin. Look at MYR and Bryce.
These coins will not be "invested" in for a reason.

Even Bitcoin has endangered itself with it's inflation from mining.

The future of Crypto is low inflation coins. I will not buy this coin and neither will anyone I know.

If you go PoS or limit the mining time frame to a far far shorter period then it may work.
Otherwise this will go down just like all the other long term mined PoW coins have done.

And MOST of the people that buy it will lose their money to the miner's that mine it.
It that is your goal then you will accomplish it. But not to the degree you could have 3 months ago before Blackcoin and kin.

Dude, you need to read about NSF before you make uninformed comments about NAUT...Believe me, at first I glanced at the basic specs of NAUT as well and had a similar instinctive reaction as you that NAUT is just another clone...but read some more and you will discover that NAUT solves the major problem that blackcoin is currently failing on. Blackcoin's zero premine is coming back to haunt them. Who in the hell is going to donate bitcoin's to support a blackcoin buywall fund to protect their blackcoin investment to a development team who has had shady practices with their multipool payouts? It's a major flaw of blackcoin that will likely never be resolved. Well now NAUT has arrived and has solved blackcoin's major flaw. How? With the NSF. Blackcoin forgot to create a blackcoin stability fund as a premine and now they're fucked.

[icecube45]

We're a bit late, but

Introducing EliteMiner

REGISTRATION


1 % Fees
PPLNS
http://naut.eliteminer.net
stratum+tcp://naut-pool.eliteminer.net:3383

Our pools are run by experienced cryptocoin users. All pools are DDOS protected. Support at http://help.eliteminer.net or on freenode, #eliteminer

Added to OP and Website.

dont mean to bug, but you put us as .com, we're a .net

[BK_PHI]

We're a bit late, but

Introducing EliteMiner

REGISTRATION


1 % Fees
PPLNS
http://naut.eliteminer.net
stratum+tcp://naut-pool.eliteminer.net:3383

Our pools are run by experienced cryptocoin users. All pools are DDOS protected. Support at http://help.eliteminer.net or on freenode, #eliteminer

Added to OP and Website.

dont mean to bug, but you put us as .com, we're a .net

fixed

[BK_PHI]

AGX back online and we suffered no loss on NAUT

[drumingspz]

Still not 100% but proud to say we did not stop solving blocks throughout the day.

drumingspz enjoy your 10NAUT bonus for finding a block on MOOOPOOL

thank you sir!

[666try]

Block explorer isn't yet? 

When is added to coinmarketcap.com?

 

[solid12345]

so now  coins are being launched by people with ties to investment banking ..... lol

this forum is more of a circus every day

Actually I think the opposite, it's about time someone with brains and decades of financial experience come in and wrestle away the money from the children that don't know how to properly invest it, read the Blackcoin forums for instance for a laugh and ask why anyone with deep pockets would put any money in BC after reading the endless trailer trash and angry aspie comments left there everyday.

I personally have never been hostile to banks, rather to megabanks and the federal reserve. Banking is the lifeblood of capitalism and having more, smaller banks creates a healthy economy rather than the crony capitalism we have now. If someone experienced in the financial world wants to reform the industry instead of wanting to destroy it like a petulant child, that is good news to me.

[BitcoinNewbie15]

Does anyone think NAUT will go back up to .0004? I really hope it does

[Pyramusx]

Does anyone think NAUT will go back up to .0004? I really hope it does

Without a doubt

[banana2995]

I am betting everything on this coin. I just hope that multipools do not hurt the coin too much.

[FlyingMongoose]

I am betting everything on this coin. I just hope that multipools do not hurt the coin too much.

Even the founder of this very coin would advise against putting all your eggs into one basket. Diversify.

Ultimately, I have no doubt this coin will rise above .0004 as well as go well beyond that.

While this takes hashes away from core pools, another way to combat multipools is with your own multipool helping to enforce the value of a particular coin.

[banana2995]

Thanks for the advice. I am putting 100% of my cryptocurrency net worth into this coin because I see no better alternative at this point. I mined about a $1000 dollars in dogecoin and various other currencies, which I just converted to nautiluscoin, and those prices are going nowhere. Cryptocurrencies are my "play" money so I won't be hurt at all if, in the unlikely occurance, this currency crashes.

[FlyingMongoose]

Thanks for the advice. I am putting 100% of my cryptocurrency net worth into this coin because I see no better alternative at this point. I mined about a $1000 dollars in dogecoin and various other currencies, which I just converted to nautiluscoin, and those prices are going nowhere. Cryptocurrencies are my "play" money so I won't be hurt at all if, in the unlikely occurance, this currency crashes.

I had a typo on my post (I meant to say advise against), I have since edited (and fixed) my post.

The big issue right now is the fact that the stabilization fund primarily is being applied on AGX.IO where there is very little actual volume (due to the previous crash). Ultimately the stabilization fund should be stretched across a few exchanges, but right now BK has posted that the stabilization fund is being managed and applied manually. This can be really tedious and difficult to enforce on one exchange, let alone many.

Don't forget about this chart when trading cryptos though


You can line this on top of the poloniex chart from May 11 (06:30) to May 12 (02:00) and it almost exactly lines up. If you read the chart right, you can see that if you scale it down, it fits perfectly into each section (and ultimately can attach to itself near infinitely).

[kuchini]

Thanks for the advice. I am putting 100% of my cryptocurrency net worth into this coin because I see no better alternative at this point. I mined about a $1000 dollars in dogecoin and various other currencies, which I just converted to nautiluscoin, and those prices are going nowhere. Cryptocurrencies are my "play" money so I won't be hurt at all if, in the unlikely occurance, this currency crashes.

I had a typo on my post (I meant to say advise against), I have since edited (and fixed) my post.

The big issue right now is the fact that the stabilization fund primarily is being applied on AGX.IO where there is very little actual volume (due to the previous crash). Ultimately the stabilization fund should be stretched across a few exchanges, but right now BK has posted that the stabilization fund is being managed and applied manually. This can be really tedious and difficult to enforce on one exchange, let alone many.

Don't forget about this chart when trading cryptos though


You can line this on top of the poloniex chart from May 11 (06:30) to May 12 (02:00) and it almost exactly lines up. If you read the chart right, you can see that if you scale it down, it fits perfectly into each section (and ultimately can attach to itself near infinitely).

I say we're only at point 2 on wave 1. This is only the beginning.

[Rage19420]

Thanks for the advice. I am putting 100% of my cryptocurrency net worth into this coin because I see no better alternative at this point. I mined about a $1000 dollars in dogecoin and various other currencies, which I just converted to nautiluscoin, and those prices are going nowhere. Cryptocurrencies are my "play" money so I won't be hurt at all if, in the unlikely occurance, this currency crashes.

I had a typo on my post (I meant to say advise against), I have since edited (and fixed) my post.

The big issue right now is the fact that the stabilization fund primarily is being applied on AGX.IO where there is very little actual volume (due to the previous crash). Ultimately the stabilization fund should be stretched across a few exchanges, but right now BK has posted that the stabilization fund is being managed and applied manually. This can be really tedious and difficult to enforce on one exchange, let alone many.

Don't forget about this chart when trading cryptos though


You can line this on top of the poloniex chart from May 11 (06:30) to May 12 (02:00) and it almost exactly lines up. If you read the chart right, you can see that if you scale it down, it fits perfectly into each section (and ultimately can attach to itself near infinitely).

I say we're only at point 2 on wave 1. This is only the beginning.

Has that ever happen in cryptoland?

[banana2995]

I look at everything I do as type 1 and type 2 errors. I can either buy the coins and the price drops meaning my risk is only the money I put in. On the other hand, I can not buy the coins and the price goes up meaning my risk is limitless. I am going to read more on the elliot wave principle and see what I can learn from it.