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Author Topic: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield  (Read 900634 times)
whateverever
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August 26, 2015, 10:12:35 PM
 #6161

Just saw the other comment re BTC ATMs - as i understand it there is a stampede of BTC companies in to Greece to push PR that they are saving the whole country - none of which is actually getting used as typically the users of this are under 35 and aware of crypto. Not sure how many of you have been to Greece.. but that is a very small part of the population.  I would be very surprised if the bit coin ATMs are used and even if they are there would need to be a way to get Naut on to them.. More to the point how on earth does the average user actually use them???

From what i hear most users are depositing cash to buy Bitcoin.. pretty much like they are on Coinbase. so how does that help greeks, when they actually need to take cash out to buy things like food, petrol, etc.. Given the situation in the country they are not really spending much and cash is therefore limited, especially with capital controls.

All my mates are saying they need a mechanism to trade and at that point it is internal.. more like barter.
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August 26, 2015, 10:13:51 PM
 #6162

If we're bagholding the "wrong" NAUT and a new blockchain will be needed and blahblah, there BETTER be a coinswap 1:1.
Do NOT fuck the bagholders over
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August 27, 2015, 01:30:52 AM
 #6163

Thats my question as well,
Will the swap be 1 to 1.
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August 27, 2015, 02:13:03 AM
 #6164

Drachmae Team are wanting to put a Vote together:

Naut Holders want to be integrated to Drachmae YES or NO

Simple say yes or no and we will count them

I for one don't understand the implications of either vote.  The automatic answer would be yes but without knowing what the implications are for the YES or the NO it makes it very difficult to cast an educated vote.

Can you please give a detailed and honest explanation for each vote and outcome before we cast our votes?

Thank you.



Edit:  And yes, will the swap be 1:1 for the YES and 1:1 for the NO and if not then please explain why and what the swap will be for each vote.  Thanks!


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August 27, 2015, 04:50:59 AM
 #6165

What has been the main drive for Nautilus other than the simple fact of it being founded by Brian Kelly?

Note:340146

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August 27, 2015, 06:01:05 AM
 #6166

What has been the main drive for Nautilus other than the simple fact of it being founded by Brian Kelly?

Note:340146

It was the first with a stability fund.

It had a low float and no inflation (after the PoW phase) although this isn't anything really special without demand.

And BK.

So really.  It all comes down to BK.  He was and is the driving force behind NAUT.


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August 27, 2015, 06:52:09 AM
 #6167

I agreed with the Stability Fund coming down to BK.

But I do not see how BK is the main person as that would be going against the grain of Digital Currency as it would mean it's centralized.

My honest view after long conversation with Halinyo in private I understood everything is too reliant on BK which is the downfall of Nautilus.

A currency is only as good as its holders.

So if the holders are simply waiting on BK this is where this really goes wrong.

Holders need to be more active more encouraging to others to work with Nautilus.

And when I say this I mean PRO-Active to bring more into the loop as the same people holding Naut in bulk stops growth.

And somebody demonstrated that yesterday in private chat on how they dropped the price and can bring it up again.

This therefore counteracts the Stability fund.

So the reality its like hidden agenda of a set few like a Nautilus Bilderberg group.

Sorry to say this but I have been reading through the thread from page one and there seems to be no interest by people looking to come into nautilus or build it into services to expand its reach also it is only on a couple of exchanges which is also not very good.

It would be good if the Holders made input even if it wasn't financially but effort input into driving nautilus forward opposed to just complaining BK doesn't do anything to help Nautilus opposed deter people away as lack of confidence.




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August 27, 2015, 07:58:54 AM
Last edit: August 27, 2015, 08:25:11 AM by germsite
 #6168

Quote
Brian Kelly to date has instructed Coinstructors to start on the Legalities and half of Phase one (Brian Kelly has Paid Approx 35,000 GBP/55,000USD) This only covers Legal Issues and strategy of Nautilus)

Please break down what the proposed required 150,000 USD investment will be spent on, and who it will be paid to.

Where does the constant bitching and double-speak fit in to your 'strategy consultation' for which you have been paid quite handsomly ?

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in
 

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Drachmae
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August 27, 2015, 09:10:24 AM
 #6169

You would need to ask Brian Kelly for that.

But as it is not from your pockets I am not sure what you need to know for?

Brian Kelly is the Client of Coinstructors.

Nautilus Coin holders are not a client of Coinstructors.

Bitching and Double speak well I can answer for the project but I can not answer for Nautilus or it's holders.

At the moment I am trying establish what other work needs to be done around Nautilus to be successful which does not involve technology.



Quote
Brian Kelly to date has instructed Coinstructors to start on the Legalities and half of Phase one (Brian Kelly has Paid Approx 35,000 GBP/55,000USD) This only covers Legal Issues and strategy of Nautilus)

Please break down what the proposed required 150,000 USD investment will be spent on, and who it will be paid to.

Where does the constant bitching and double-speak fit in to your 'strategy consultation' for which you have been paid quite handsomly ?

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August 27, 2015, 11:20:21 AM
Last edit: August 27, 2015, 12:51:09 PM by halinyo
 #6170

If we're bagholding the "wrong" NAUT and a new blockchain will be needed and blahblah, there BETTER be a coinswap 1:1.
Do NOT fuck the bagholders over

That is my point. I think what Lee is trying to get is to set up a NO so that he can just do as he wishes and blame the community for it.
So dont fall for this. He is trying to fu.. the bagholders...

On the other hand, if you say YES, then he is trying to get the most he can from the bagholders...
To be honest, this is becoming an illegal joke soon. I can feel that.
He is trying to show this done with some legal-base and kinda steal our money...

Well, I hope I am not right and this will just be a 1:1 exchange or we will just stick with the usual NAUT.

If anything happens to usual NAUT, then it is not fair to bagholders, waiting this long something to happen.
If you cannot bear it Lee, then you should have collected more NAUT before making any announcements...

Again, please dont fuk the bagholders. Thank you.

PS-1: Anybody with a few thousands can drive the price up and down. That is so easy. But when there is more liquidity, then it wont be a problem.
PS-2: What do you want the bagholders to do? Please explain?
PS-3: And stop blaming the community or the bagholders. If there is something done wrong here, only responsible person for it is BK. He refused the community right at the beginning. Now he cannot rely on them (asking for donations, etc...). You just do what you gotta do.
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August 27, 2015, 12:55:00 PM
 #6171

halinyo,

For nearly 2 months you have been speaking to me and I figured you out very very fast.

We are setting up a vote system on Drachmae and we will run it for a small period with different sections for people to vote.

Secondly I don't see why people make threats do you halinyo? Or in very case twist it all to there advantage halinyo?

With the views I am receiving and with the views of halinyo in private I think its best to just leave Nautilus as it is and not do anything with it as the groups seem to be happy where they are.

Secondly when I am talking about funds it is logical to make bounties to encourage people come into Nautilus and to do the work that the holders don't do as that would actually increase the value of Nautilus.

With BK is doing it would be more easier to hand over Nautilus to the community so they can run it as I see no way out for all people without it being just a mess.

As I said before to you halinyo you can lead the camel to the Oasis but you cant force it to drink.

Anyways for the Time being this can be used https://sprnt.slack.com/messages/nautilus/

As there is something that is being launched for community building that is not involving Bitcointalk Thread


quote author=halinyo link=topic=591114.msg12256197#msg12256197 date=1440674421]
If we're bagholding the "wrong" NAUT and a new blockchain will be needed and blahblah, there BETTER be a coinswap 1:1.
Do NOT fuck the bagholders over

That is my point. I think what Lee is trying to get is to set up a NO so that he can just do as he wishes and blame the community for it.
So dont fall for this. He is trying to fu.. the bagholders...

On the other hand, if you say YES, then he is trying to get the most he can from the bagholders...
To be honest, this is becoming an illegal joke soon. I can feel that.
He is trying to show this done with some legal-base and kinda steal our money...

Well, I hope I am not right and this will just be a 1:1 exchange or we will just stick with the usual NAUT.

If anything happens to usual NAUT, then it is not fair to bagholders, waiting this long something to happen.
If you cannot bear it Lee, then you should have collected more NAUT before making any announcements...

Again, please dont fuk the bagholders. Thank you.

PS-1: Anybody with a few thousands can drive the price up and down. That is so easy. But if there is more liquidity, then it wont be a problem.
PS-2: What do you want the bagholders to do? Please explain?
PS-3: And stop blaming the community or the bagholders. If there is something done wrong here, only responsible person for it is BK. He refused the community right at the beginning. Now he cannot rely on them (asking for donations, etc...). You just do what you gotta do.
[/quote]

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August 27, 2015, 01:15:39 PM
 #6172

Lee,

Thank you for your professional attitude in handling the NAUTiluscoin!!!
Well I will not speak up from here, coz not worth it.
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August 27, 2015, 01:41:04 PM
 #6173


But I do not see how BK is the main person as that would be going against the grain of Digital Currency as it would mean it's centralized.



And see this is where I strongly disagree. BK has the connections and the experience to get this coin on a major exchange with REAL transparency and REAL liquidity, something Bitcoin has had a major issue overcoming with its market price being dictated by a few manipulating whales on shady broken toy exchanges. We keep hearing promises of Bitcoin "going to Wallstreet" so to speak but it still has yet to happen. I'd love to see NAUT beat the Winklevosses to the punch.

You can argue that BK shouldn't be a centralized force behind it, but everything has to start off centralized at some point, someone has to create the currency that could eventually be spread across many nations and thousands to millions of people. If someone is going to do this, I'd prefer it be a business professional than some 12 year-old kid in his parent's house.

If BK builds a truly transparent exchange with proven gold reserves and gets the pilot program going for NAUT in Greece, I think that is all he would ever need to do and could then step back, never touch NAUT again and it would be in great hands and the market forces would dictate where it goes from there.  

I'd like to think that is all NAUT bagholders ever wanted when we first invested in it last year, a basic digital currency built by a businessman for doing business and not a wishy washy science project. People forget what a currency is for, to buy and sell goods. Well let's make this a currency people will accept as something to conduct business with!


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August 27, 2015, 02:15:25 PM
 #6174

Quote
And see this is where I strongly disagree. BK has the connections and the experience to get this coin on a major exchange with REAL transparency and REAL liquidity, something Bitcoin has had a major issue overcoming with its market price being dictated by a few manipulating whales on shady broken toy exchanges. We keep hearing promises of Bitcoin "going to Wallstreet" so to speak but it still has yet to happen. I'd love to see NAUT beat the Winklevosses to the punch.

You can argue that BK shouldn't be a centralized force behind it, but everything has to start off centralized at some point, someone has to create the currency that could eventually be spread across many nations and thousands to millions of people. If someone is going to do this, I'd prefer it be a business professional than some 12 year-old kid in his parent's house.

If BK builds a truly transparent exchange with proven gold reserves and gets the pilot program going for NAUT in Greece, I think that is all he would ever need to do and could then step back, never touch NAUT again and it would be in great hands and the market forces would dictate where it goes from there.  

I'd like to think that is all NAUT bagholders ever wanted when we first invested in it last year, a basic digital currency built by a businessman for doing business and not a wishy washy science project. People forget what a currency is for, to buy and sell goods. Well let's make this a currency people will accept as something to conduct business with!


This. I agree with everything above, couldn't have said it better myself with my broken engrish.

Also, Lee, you clearly do not understand where the community (NAUT bagholders) are coming from.
I don't think anyone here is against any actual development (not just the technical shit, but everything that works towards
the idea of getting this coin widely adopted). That's what we were counting on when we bought in.
But we were fucked many times before, most people gave up back when a certain coffee house entrepreneur
promised us all kinds of shit and then told everyone to go fuck themselves. You know, the same guy who rage quit
crypto a few months ago. Yes, we count on BK as nobody has any clue on how we could even help because nobody
fucking talks to us. What are we supposed to do? Go spam the other crypto guys? You know, the ones that dumped
a year ago and have done nothing but talk shit about NAUT ever since? Solid plan!

I'm absolutely certain that NAUT community is ready to do all kinds of shit for this coin, we'll help on building things
and promoting and yes, even reach into our pockets, at least I will.
BUT coming here to basically shit on the bagholders, accusing us of being negative while
you haven't had  a single good thing to say about the community, and just expecting us to cough up like 150k
without giving us ANY information on what it will be used on is NOT the way to do it.
Tell us exactly what you need from us and be transparent about everything and we just might get to work.
And you're dodging the question about the 1:1 coin swap, that's a good place to start.
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August 27, 2015, 02:22:22 PM
 #6175


If some technicality or other lies are used to bypass or rob the current holders of the REAL NAUT, Brian Kelly is gonna be in a world of legal pain.

This is CRYPTO, it's a small world and I have a huge GIANT mouth.  

Please don't waste millions of dollars putting this deal together just to be immoral and unethical by robbing the original holders of the original NAUT.  BK has had over a year to accumulate the majority of NAUT, using free money, "the stability fund", I have no doubt that he easily owns at least 60%+.  I'm sure he'd like 90% but stealing from his shareholders is not the way to go.

Trust me when I tell you it's gonna get very messy and there will be a MASSIVE ugly lawsuit if you people try to screw us.

The trade is a 1:1 swap - this is fair and this is equitable.  Transfer NAUT into NXT or keep it here it's all the same to us as long as we get the 1:1 swap of the gold backed NAUT.

That's our vote!


We will not take less.  And whatever money BK saves by robbing us he will spend 10 times that on lawyers and PR spin to mend his image.

This is quickly turning into a clear case of equities fraud so please let's stop the bullshit while there is still time.

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August 27, 2015, 03:00:15 PM
 #6176


New vote:

I need EVERYONE who holds any NAUT to vote with me now.  These guys will NOT rob the whole community - there's too much money and reputation on the line. 

But they will rob you if you won't stand together.

Our vote is for a 1:1 swap for the gold backed NAUT.


Coinstructors, since you have failed to give sufficient details allowing us to make an educated decision, we will leave it to you [Coinstructors] and Brian Kelly to act honorably, and in goodfaith and in the best interest of the original NAUT shareholders.

That said, Coinistructors may do as it pleases as long as the current NAUT shareholders are made whole [1:1 swap] in the gold backed currency to be used as a test case in Agistri, Greece.


Stand together or they'll find a loophole to steal most or all our NAUTcoins!


P.S. - Any more underhanded attempts to rob us and I will blow up Brian Kelly on social media.  Believe me, I'm an expert at making noise in CryptoWorld.


Brian Kelly, please just be fair and honest - reward the loyal holders of NAUT the way loyal shareholders are supposed to be rewarded.  Everyone here had faith in and trusted you, Brian Kelly.  Please don't punish them for their loyalty.

Regard,

Vlad

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August 27, 2015, 04:24:44 PM
 #6177

I fully agreed with you.

You should go make plenty of noise and the more noise the better.

But again you will find this type of accusations is what makes people walk away.


New vote:

I need EVERYONE who holds any NAUT to vote with me now.  These guys will NOT rob the whole community - there's too much money and reputation on the line. 

But they will rob you if you won't stand together.

Our vote is for a 1:1 swap for the gold backed NAUT.


Coinstructors, since you have failed to give sufficient details allowing us to make an educated decision, we will leave it to you [Coinstructors] and Brian Kelly to act honorably, and in goodfaith and in the best interest of the original NAUT shareholders.

That said, Coinistructors may do as it pleases as long as the current NAUT shareholders are made whole [1:1 swap] in the gold backed currency to be used as a test case in Agistri, Greece.


Stand together or they'll find a loophole to steal most or all our NAUTcoins!


P.S. - Any more underhanded attempts to rob us and I will blow up Brian Kelly on social media.  Believe me, I'm an expert at making noise in CryptoWorld.


Brian Kelly, please just be fair and honest - reward the loyal holders of NAUT the way loyal shareholders are supposed to be rewarded.  Everyone here had faith in and trusted you, Brian Kelly.  Please don't punish them for their loyalty.

Regard,

Vlad

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August 27, 2015, 04:25:18 PM
 #6178

NAUT is going to be backed by gold right? what's the fuzz about a swap? why a swap?  Huh


I think a scam is afoot.

If you vote YES for NAUT to enter the NXT network then you'll lose 70% of your NAUT since NXT shows 16 million NAUT, not 5 million.

If you vote NO then you refuse to be part of the new NAUT and you will lose ALL of your NAUT.

Bankster 101:  ROB the poor, even if they are your most loyal shareholders.

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Drachmae
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August 27, 2015, 04:31:24 PM
 #6179

Well there is meant to be 16.1 million Supply of Naut which is stated in the beginning of this thread.

So I am not sure how people lose 70% of there NAUT

If they vote no then there would be 2 NAUT currencies one that is not backed by gold and one that is.




NAUT is going to be backed by gold right? what's the fuzz about a swap? why a swap?  Huh


I think a scam is afoot.

If you vote YES for NAUT to enter the NXT network then you'll lose 70% of your NAUT since NXT shows 16 million NAUT, not 5 million.

If you vote NO then you refuse to be part of the new NAUT and you will lose ALL of your NAUT.

Bankster 101:  ROB the poor, even if they are your most loyal shareholders.

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August 27, 2015, 04:49:33 PM
 #6180

What's the deal with this voting, and why should I think a vote on this shitshow of a thread on BCT would mean anything to BK/NAUT? 

And why should I think that user Drachmae, who has 9 posts on BCT and just registered a month ago, is actually affiliated with the Drachmae project or has any kind of pull on the direction that BK will decide for NAUT?   

From the August update on http://www.nautiluscoin.com/latest-news/, NAUT will move to the NXT platform, done by Coinstructors.  This is going to happen, according to BK, so what are people suggesting a vote for?

To me, it seems that, like it or not, this is BK's show and anyone invested in the coin right now is essentially stating their belief/hope that BK will have some real world use cases in place for NAUT by the end of the year, that NAUT will increase in value because of the use case(s), etc... 

Further, I can't imagine, given the amount of NAUT purchased at market over the last couple of months (likely by BK for the stability fund or whatever other fund was needed), that it could be even a remote possibility that current NAUT holders could potentially lose all of their holdings in this "new NAUT/old NAUT" business.

Am I missing something here, or is this the typical garbage that has plagued this BCT thread for as long as I can remember?
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