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

[Drachmae]

So roughly $150,000 has already been donated to this project?
Nothing has been Donated.
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) This has not been paid in Nautilus or from anything to NautilusCoin

Then how can the price of NAUT and NXT still remain so low given this appears to be a massive project with serious backers and funding?
Why would the price of NXT have to change? NXT is more focused of being a platform that people can use to build over it. The real value in NXT is the projects over NXT not NXT Coins themselves Example: http://coinmarketcap.com/assets/

For nautilus why would the price actually change or grow?
there is not enough users for Nautilus and nothing that encourages new users based on the fact Nautilus holders do not do anything. (Relying on Brian Kelly only) this therefore does not interest new people to obtain Nautilus (Vicious circle)

Nautilus holders do not contribute to anything so why would the Value go up and they are happy to just sit on the Coins opposed to do anything with them.

When NAUT moves over into the NXT system, what happens to current NAUT coins?
This is our question before we even mentioned about NXT as there is No developers, No Community only about a dozen people holding Nautilus that control the current supply, SO the current Nautilus would simply fade away regardless of moving to NXT or NOT, But by moving to NXT, it will have a Technology and Devs along with a very large community that already exists. So the answer that is most logical that the current Nautilus would just fade away into the dark.

I notice that in the NXT system there are over 16 million NAUT coins while we only have roughly 5 million here.   Can you add some color to that.
Your answer is on this Thread https://bitcointalk.org/index.php?topic=591114.msg6484706#msg6484706


You state that Athena will happen regardless of how the fund raising goes so who will pay nearly $1 million?
Not sure where you get 1,000,000 USD? 450,000 GBP = 706,394.65 USD
Most of all we have different Levels also not everything based on IndieGOGO we are already getting people that are looking at sponsoring the show so they get PR in return.
      0.   50,000 GBP/ 78,500 USD - enables a very skeleton crew show to be filmed on Agistri
100,000 GBP/157,000 USD - Shoe String Budget. Web TV series, limited production and limited opportunity for the Models and Agistri.
250,000 GBP/392,500 USD - That’s more like it - We can now film 2 x 1 hr episodes, showing a mini series. Higher quality production and more interactive features for the audience, Web TV and more likely to get that All important National TV airtime
450,000 GBP/706,394.65 USD - The Full Monty - we can go to town a bit, provide a full cast & crew for production of 6 x 1 hr episodes, more awareness for the Models, Agistri and the chance to get serious air time. Included will be VIP footage bonus material and support for Athena 2016.


When is marketing going to start on this cause I imagine paying for any of this would be much easier if NAUT and NXT got the proper attention and proper market cap valuations.
http://www.forbes.com/sites/rogeraitken/2015/07/05/greek-economic-crisis-is-a-parallel-currency-the-answer/
http://www.reuters.com/article/2015/06/05/us-digital-currency-greece-idUSKBN0OL0JR20150605
http://www.protothema.gr/economy/article/482128/reuters-tha-borouse-mia-psifiaki-drahmi-na-apotrepsei-to-grexit/
http://www.c[Suspicious link removed]m/id/102663713
http://www.theargus.co.uk/business/13321354.Electronic_currency_can_rescue_Greek_economy/
http://www.ibtimes.co.uk/drachmae-could-bitcoin-inspired-currency-be-answer-greeces-economic-woes-1501532
https://bitcoinmagazine.com/20640/supernet-sponsors-drachmae-blockchain-solution-greece-project/
http://techcitynews.com/2015/05/18/can-digital-currencies-solve-greeces-economic-woes/
http://www.dailymail.co.uk/wires/reuters/article-3111988/Could-digi-drachma-avert-Grexit.html
http://www.thetoc.gr/oikonomia/article/digi-drachma-gia-na-apofeuxthei-to-grexit
https://www.youtube.com/watch?v=0oX6MlLtfgA
http://www.c[Suspicious link removed]m/2015/07/08/greek-island-agrees-to-test-digital-currency-commentary.html
http://editi[Suspicious link removed]/videos/world/2015/07/10/greece-island-tourism-woes-black-pkg.cnn
https://youtu.be/0Esq9Wp5VzU
http://www.forbes.com/sites/rogeraitken/2015/08/20/greek-crisis-agistri-islands-supermodel-tv-project-could-raise-fortunes-in-cryptocurrency-twist/
http://finance.yahoo.com/news/athena-crowdfunding-450-000-gbp-153800596.html
http://insidebitcoins.com/news/athena-crowdfunds-greek-modeling-show/34510
http://bitcoinist.net/athena-crowdfunds-greek-modeling-show/
http://criptonoticias.com/criptomonedas-y-blockchain-formaran-parte-del-show-televisivo-athena-en-la-isla-griega-de-agistri/
https://bitcoinmagazine.com/20640/supernet-sponsors-drachmae-blockchain-solution-greece-project/
http://allcoinsnews.com/2015/06/19/nxt-44phones-coinstructors-have-multiple-real-world-use-cases-for-nxt-blockchain-including-greece-namibia/
http://allcoinsnews.com/2015/06/09/drachmae-blockchain-project-plans-loyalty-tokens-for-greek-resort-island/
http://www.marketwatch.com/story/supernet-sponsors-drachmae-blockchain-solution-for-greece-project-2015-06-01
http://allcoinsnews.com/2015/08/24/cryptocurrency-sector-supports-greek-island-model-contest-crowd-funding-pr-campaign/



Alternative search:
https://www.google.gr/search?q=Athena+Crowdfunding+450%2C000+GBP+For+Reality+TV+Show+on+Greek+Island+of+Agistri+%E2%80%93+With+Models%2C+Digital+Currency+and+Style&oq=Athena+Crowdfunding+450%2C000+GBP+For+Reality+TV+Show+on+Greek+Island+of+Agistri+%E2%80%93+With+Models%2C+Digital+Currency+and+Style&aqs=chrome..69i57.1035j0j4&sourceid=chrome&es_sm=122&ie=UTF-8

What value or what amount will NAUT be backed by gold?  Are we talking about $1 per coin in gold backin or $10, or what?  Such a confirmation would go a long way to raising the market cap and thus the ability to help pay for this project.

That is what is being explored at the moment and there is no update to it until the finalization into drachmae platform can be completed.

Also the big picture question is this? Who is paying for the Gold to back the Nautilus in Circulation and at the current market cap??

[halinyo]

The value of each NAUT should be no less than $5 to cover the gold backing. But it is just an estimation, could go up to $20 each I believe, depending on how serious the project is.

Thanks for the explanations Lee. Again, it is a pity that the community was long gone because of BK's failing attitude over the community. If we had this news when we had the old community, it could have been just amazing. Either way, good luck.

[Gunther]

This project is a total failure. BK has had a nice exit-pump, but he cashed out and moved on already.

[Drachmae]

Not sure what project your are referring too that is a Total Failure.

Drachmae is launching end of September.
Athena Starts filming end of September

This project is a total failure. BK has had a nice exit-pump, but he cashed out and moved on already.

[Gunther]

Not sure what project your are referring too that is a Total Failure.

Drachmae is launching end of September.
Athena Starts filming end of September

This project is a total failure. BK has had a nice exit-pump, but he cashed out and moved on already.

Nautiluscoin, my friend.

[Drachmae]

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

[halinyo]

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

Before I say NO, what is the deal? Can I learn?

[electricretard]

Big YES

[Drachmae]

Halinyo you voted No sorry it cant be changed

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

Before I say NO, what is the deal? Can I learn?

[halinyo]

Halinyo you voted No sorry it cant be changed

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

Before I say NO, what is the deal? Can I learn?

It is not a NO, but it is a conditional one.
I will share here later on what I think of being added to drachmae or not, if you share what is on the table.

If you say, if you dont donate for the development, then NAUT will be skipped, then I say it is a NO.
Because I know you will have to add NAUT in anyway, just dont ruin this, Lee. It is all about simply adding a coin.
That would not be any problem, if more money was paid for the project?

If you want people to donate, it is better to add NAUT first and see what happens.
If the project works and NAUT rocket to the sky, people will share some profit (MAYBE)...

Best,

[germsite]

Same old bullshit.

"NAUT [holders] [community] [spokespeople] [whatever_label_currently_springs_to_mind] have to make a decision about XYZ"

Oh ? Ok then, furnish us with sufficient detail, in good time, to make such a decision.

"Ahhhhh you're all a bunch of twats who want to give nothing back and the decision needed to be made yesterday and anyway I've found someone else to stump up 15 million and ..... errrrrr ...... what was I wailing about ?"

Hmmm. I see. I think you said something similar not so long ago.

[solid12345]

I'm sorry but at this point I just can't trust anything Lee says, it changes from day to day

First he tells his supporters not to buy NAUT, that the current NAUT on exchanges is "the wrong naut" and will be replaced with a newer Naut currency on the NXT platform....then BK goes and buys a million of them off the exchange which raises the price, then he lashes out at "the community" for "pumping" it. If it is the wrong NAUT why is BK buying it? Why is the community being blamed when one guy injected at least 50 grand into bittrex?

First he says there are no gold reserves, that the gold will be collected thru tx fees by the network and drachmae. Now apparently he is asking "so who will pay for the gold to back the Naut in circulation"?

He also keeps saying Naut has no developer and makes a big negative issue about it, which is silly as Bitcoin hasn't changed much in most of its existence and in fact the current drama with the technology is over people NOT wanting it changed. Naut as a currency can exist fine without any development for at least a few years. Let us also not forget jyap graciously updated Naut to the latest Bitcoin core no less than a MONTH before Lee whined there is "no development."

I can understand frustrations with a lack of a thriving Naut community and no one helping but if I am expected to donate money I want to hear it from Brian Kelly's mouth and WHY specifically he need the money. General "We need it for development" pleas is lame because we are so used to ICOs around here from bigshot crypto "celebs" who ask for hundreds of BTC in donations for what in the end is a few hours or days of work. If I am donating I want a spreadsheet with detailed information about where the funds will be spent and how within reason.

Also I would appreciate if the drachmae camp would also accept reality that no project like Athena is going to raise $500k in a week, it is utterly absurd to lash out at anyone for such a momentous task, not even the biggest kickstarters with national media attention rarely achieve that in such a short time. I feel this fundraiser was set up just purposely to fail and point fingers at people.

Also this voting system is lame, a few people on a message board deciding the future of a big project like this?

The reason most Naut users are even here in the first place is we are buying the "dev", i.e the connections and economic skills of Brian Kelly. I generally consider Btctalk a cespool and haven't been thrilled with the amount of amateurism in crypto and letting a few teenagers and dopes "vote" on where this coin is going is the WRONG idea. I bought NAUT because I was hoping BK has the years of experience to guide this project successfully without worrying about mob rule.

Finally if my lone voice does matter then I will give my two cents. Instead of worrying about marketing or gimmicks like TV shows, focus on getting the currency actually used. I saw a tweet about 1,000 Bitcoin ATMs going in Greece and BK commented he was paying attention to it. To me 1,000 ATMs in Greece loaded up with Nautcoin will do more than $150k in marketing and promotion. If there is a story to be told, the media will find it on their own.

[whateverever]

Well - just chucking my tuppence worth in there. New to Crypto, but been following the Drachmae / Greece situation with interest as I believe there is a real opportunity to put something in place that has a chance of being used. I have a lot of Greek friends and the biggest issue there is internal liquidity. Basically people just aren't spending due to the fear and current situation. A lot of people have talked about Bitcoin, but given what has been happening to that in the last few weeks it just proves that that could actually make things worse for users in Greece, given the drop / swings it is going through.

I do think there is a great opportunity and I see Drachmae as being more of a platform for delivery. the big issue with any of this is getting people to use it.. and as I understand it from friends in Greece Agistri is a beautiful island, but they as well as a lot of other places are really suffering from the drop in tourism.. of course there are a lot of places that are still doing well, but this is a huge part of their national and personal income.

so having a TV show could be a really good idea as a way to raise awareness for the project, but in order to make it work it needs to be real. I'm not sure nautilus is a good fit in some ways, because given the swing on it it would also have a negative impact on user acceptance and credibility. Maybe as everyone is saying if it was gold backed, but then perhaps having a new coin would help that so it isn't impacted.

It would be great to see this project succeed as there really needs to be some good projects going on that are not just all about Bitcoin. This one has all the right hallmarks and could be really good if it doesn't implode with all the arguing i'm seeing on here.

Not sure of all the politics. I think there are enough of those everywhere else. Quite frankly I see a lot of people making shit loads of money out of pump and dump type of moves and that really puts a lot of people off of using crypto.. If something can be done to stabilise a currency then it can only be good for adoption. Not necessarily for "investors" but hopefully for "the People" which is what its all supposed to be about right?

What i don't really see is any crypto being used on a day to day basis to trade and use it to remove fraud and corruption - most people seem to be buying bitcoin to hold it for some long term upside.

Could someone tell me what Nautilus is actually used for?

[whateverever]

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.

[electricretard]

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

[benjamoyne]

Thats my question as well,
Will the swap be 1 to 1.

[Vlad2Vlad]

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!

[Drachmae]

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

Note:340146

[Vlad2Vlad]

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.

[Drachmae]

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.