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

[kalenen]

I have been mining Naut on altmine.net several days now, but not a single deposit to my wallet. Although predicted payout have been reset several times. Anyone else with problem?

[berkelip]

hmm looks good 

[MTBmanTT]

Hello,

I am interested in this as well,

However after downloading the new wallet, I am still 10 days behind, with no block source available.  Is anyone having this issue?

[Cobra]

Hello,

I am interested in this as well,

However after downloading the new wallet, I am still 10 days behind, with no block source available.  Is anyone having this issue?

Mine has been fine, all synchronized and receiving payments.

Did you create a Nautiluscoin.conf file and add the nodes in manually from the OP, I have done this and maybe it is making the difference.

addnode=54.186.223.183
addnode=54.187.101.97
addnode=74.208.230.160
addnode=184.155.218.183
addnode=71.227.74.98
addnode=188.194.8.82
addnode=109.201.154.157
addnode=184.155.218.183

[MTBmanTT]

Hello,

I am interested in this as well,

However after downloading the new wallet, I am still 10 days behind, with no block source available.  Is anyone having this issue?

Mine has been fine, all synchronized and receiving payments.

Did you create a Nautiluscoin.conf file and add the nodes in manually from the OP, I have done this and maybe it is making the difference.

addnode=54.186.223.183
addnode=54.187.101.97
addnode=74.208.230.160
addnode=184.155.218.183
addnode=71.227.74.98
addnode=188.194.8.82
addnode=109.201.154.157
addnode=184.155.218.183

Thank you for the reply-

I have not, I actually found the wallet link on the main naut. webpage.  I will go back and have a look, and report back!

Thank you again

[BK_PHI]

In case you missed it - NAUT is the most actively traded crypto on AGX for the last 24 hrs.

[Timeline]

In case you missed it - NAUT is the most actively traded crypto on AGX for the last 24 hrs.

Nice to see things moving.

Can you disclose what merchants are interested in NautilusCoin?

[BK_PHI]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

[PilotofBTC]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

Is the NSF trading automated or manual?

[BK_PHI]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

Is the NSF trading automated or manual?

Manual for now, until I get a feel for how he market is going to trade.  I want to make sure the NSF is not gamed. 

[kaduwall]

Have you considered a different algorithm? I see that two people are mining over half of the coins right now. Is it possible to apply the digishield to other algorithms?

Not true. I'm the one mining with 240 mh/s right now. Rented some rigs for a couple of hours, most of the time I wasnt even with all the rigs. I'm only hitting 240 mh/s for a period of 6 hours. The rest was under 140 mh/s and soon it will be again.

Full disclore? So far I wasnt able to mine more than 35k NAUT. Still have some hours to go, but thats faaaaaaaaar from "half of the coins", lol. The difficulty is going up and readjusting considerably.

I think this coin is going to be a big hit, so I'm trying to accumulate as much as I can and holding.
See ya.

I hope I didn't insult you. I just saw that on the pool your "nautiluscoins per day", according to 0feepool, was about 122,000 when there are only 243360 coins being produced a day. I am glad you are not a big asic manufacturer "testing" out their new gear and dumping the coin.

No, no. I was just showing why the change of algo isnt needed. And if you refreshed the pool status some minutes later, you would see that quantity drop a lot because the difficulty keeps readjusting.

See ya!

[kaduwall]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

If I understand correctly, thats how you'll be able to do the 1% reduction each week right?

Lets say... you sell 5000 NAUT at 2k = 0.04 btc
Now you would be able to buy/support 10000 NAUT at 1k with that btc.

So, if anyone dumps in your support order, now you have more NAUT than you had before, so besides keeping the NSF working, you would be able to remove some of these coins of the market.

Am I right?

[Vlizzjeffrey]

this coin looks interesting, is the dev active ?

[kaduwall]

this coin looks interesting, is the dev active ?

Yes, its "BK_PHI", he just posted.

[Vlizzjeffrey]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

What is this NSF you are talkin about? i dont quite yet understand what it is exactly.

[BK_PHI]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

If I understand correctly, thats how you'll be able to do the 1% reduction each week right?

Lets say... you sell 5000 NAUT at 2k = 0.04 btc
Now you would be able to buy/support 10000 NAUT at 1k with that btc.

So, if anyone dumps in your support order, now you have more NAUT than you had before, so besides keeping the NSF working, you would be able to remove some of these coins of the market.

Am I right?

Yes that's exactly how it works - but the 1% reduction is an algo within the code.

What I am doing with the NSF is bringing Wall Street trading to altcoins - so if I sell at 0.04 then I will buy at 0.035 - this way the NSF makes a little on each transaction and over time that will add up and can be used to support the market.  

The Achilles heal is that in the beginning the NSF needs to make sales to get BTC - over the last week people have sold NAUT to levels that I decided was too low to sell for NSF therefore I stopped making sales.  As the price has risen I have been able to make some sales and capitalize the NSF.  The bigger the BTC holdings of the NSF the better off this coin will be, but in the beginning it can be overwhelmed by sell orders.

This is more art than science and that is why I am trading the NSF by manual at first - once it is well capitalized I will automate the process.

[AtlasONo]

WTB NAUT. PM me

[Vlizzjeffrey]

price climbing rapidly, 3800 buy order wow !!!

[kaduwall]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

What is this NSF you are talkin about? i dont quite yet understand what it is exactly.

Nautiluscoin Stabilization Fund. Its basically a system that tries to sell some NAUT at a higher price and then provide a bigger support at lower levels. Since the money never leaves the game it aims at an stabilization/constant rise of the price. You can read more about it on the ann post and other pages BK_PHI commented about it.

[BK_PHI]

Also the NSF has 99,999 NAUT (almost back to full capitalization) and has earned 0.02816 BTC from Stabilization activities. This BTC will be used to support the market.

What is this NSF you are talkin about? i dont quite yet understand what it is exactly.

The NSF is 100,000 coins that I pre-mined.  I will sell those coins and receive BTC. As I receive BTC I will place buy orders for NAUT - this way the coin will have a stabilization mechanism. Any BTC made from market making (aka Stabilization Activities) will also be used to place buy orders. The more money we make the more buy support we will provide.

The plan is to keep the 100,000 coins circulating in the market to constantly provide a reasonable offer and buy support.