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

[Alphi]

hows that stabilization fund working for ya...

[teamlottowin]

stabilization fund never specified which price it would stabilize - I am guessing a low number

[Alphi]

stabilization fund never specified which price it would stabilize - I am guessing a low number

I think you missed the point of a stabilization fund...

I'll give you a hint.. it has something to do with mitigating the effects of volatility.

[teamlottowin]

what I missed is how Dirac killed Naut

[Alphi]

what I missed is how Dirac killed Naut

that would be asuming that Naut had value in the first place.. that remains yet to be seen..

[Doging]

I'm buying. A coin without an anonymous dev has value in my opinion. Reminds me of blackcoin cryptorush fiasco when I bought more and did quite well.

If Dirac can be exchanged for bitcoin now isn't that good for naut?

[SwedishGirl]

BK says: "The sale to a merchant is easy...would you rather pay Mastercard 2% or use NAUT for free"


Seams you got all this wrong. Your competition is not Mastercard, it's Bitcoin, Litecoin etc. Also your main selling point is you are going to offer a much less volatile currency than Bitcoin and that is complete nonsense. At this stage Bitcoin is much less volatile than anything you can do with NAUT. The whole NAUT idea seams like a bad experiment on your part and the real question here is how fast are you going to get bored of it.

[naaktslak]

Is NAUT gonna be fully mined in about 2 more months?

That's a terrible way to get good distribution and a good way to ensure massive hoarding by just a few people.

Am I missing something here?  This guy, Brian Kelly, is a banker, there's better ways to achieve liquidity and maturity, but this isn't it.

is this true?

[asnghost]

So far around 2,400,000 NAUT are mined. That means there is 13,780,000 NAUT left to be mined.

13,780,000/159= 86,666 minutes, that's roughly 60 days, I did not took in account the 1% reduction per week, so it would take a bit longer.

see specs:
* Scrypt
* 159.39 coins per block
* 1 minute block target
* 16,180,000 total coins
* 1% reduction every week
* DigiShield difficulty retargeting
* 1% premine

[Kergekoin]

stabilization fund never specified which price it would stabilize - I am guessing a low number

I think you missed the point of a stabilization fund...

I'll give you a hint.. it has something to do with mitigating the effects of volatility.

This "stabilization fund" was always an idiot trap and simple marketing trick. Dev never had enough BTC to keep sell pressure under control.
Anyone with even the very basic knowledge of trading knows that to have an effect on markets, one needs to have enough starting capital of both sides. He clearly does not.
He just hoped to generate enough hype to be able to sell hes premine and then perhaps buy back later, making profit from spread.
Unfortunately this plan didnt work or he just screwed all of you over by selling hes premine and never intending to buy back.

[jjj0923]

And now NAUT is almost below 20K - the question is how low can you go ?

BUY TIME! - TIME TO TRIPLE DOWN!

[bangomatic]

All the negative posts here are driving the price of this coin down.

I see it over and over again...people sink a chunk of money into a new coin, then the price moves down a little they get scared and dump or hold, then they qualify as angry bagholders.

Then they make it a point to come here and tell all the "idiots" that bought the coin, or might buy the coin, that they are ,well, idiots!

This is what kills a coins value.

[Doging]

I'm buying despite all the negativity, I've seen it before and usually wish I'd bought while everyone else is dumping.

This coin was just listed on cryptsy and people can get in cheap again.

[teamlottowin]

I'm buying despite all the negativity, I've seen it before and usually wish I'd bought while everyone else is dumping.

This coin was just listed on cryptsy and people can get in cheap again.

Cryptsy is the dump land of alts

[CryptoLTD]

stabilization fund never specified which price it would stabilize - I am guessing a low number

I think you missed the point of a stabilization fund...

I'll give you a hint.. it has something to do with mitigating the effects of volatility.

This "stabilization fund" was always an idiot trap and simple marketing trick. Dev never had enough BTC to keep sell pressure under control.
Anyone with even the very basic knowledge of trading knows that to have an effect on markets, one needs to have enough starting capital of both sides. He clearly does not.
He just hoped to generate enough hype to be able to sell hes premine and then perhaps buy back later, making profit from spread.
Unfortunately this plan didnt work or he just screwed all of you over by selling hes premine and never intending to buy back.

Why would he 'reinforce' other peoples obvious manipulation of a FAR FAR too infnlated price? Seems your the one who got used to 'mega-inflated' prices.. I know I dident, and I still have all of mine.

[OnePotatoArmy]

I'm buying despite all the negativity, I've seen it before and usually wish I'd bought while everyone else is dumping.

This coin was just listed on cryptsy and people can get in cheap again.

Cryptsy is the dump land of alts

Let him learn from his own mistakes

[Kergekoin]

Why would he 'reinforce' other peoples obvious manipulation of a FAR FAR too infnlated price? Seems your the one who got used to 'mega-inflated' prices.. I know I dident, and I still have all of mine.

It was not supposed to get "FAR FAR too inflated" in the first place. That is why he made up the "pre-mine excuse". This plan was a complete failure. Facts tell the story. Keep believing the fairy-tales if you want.

In theory a "stabilization fund" could work, if there is precise calculation done before launch and developer would have significant amount of capital (BTC) to inject in to the markets. Hes plan failed because it was faulty from the very beginning.

[jjj0923]

Why would he 'reinforce' other peoples obvious manipulation of a FAR FAR too infnlated price? Seems your the one who got used to 'mega-inflated' prices.. I know I dident, and I still have all of mine.

It was not supposed to get "FAR FAR too inflated" in the first place. That is why he made up the "pre-mine excuse". This plan was a complete failure. Facts tell the story. Keep believing the fairy-tales if you want.

In theory a "stabilization fund" could work, if there is precise calculation done before launch and developer would have significant amount of capital (BTC) to inject in to the markets. Hes plan failed because it was faulty from the very beginning.

I have to disagree the monkey wrench in the plan was no one ever imagined that this point would be the benchmark for two other currencies

regardless this point it is sound and it will rise again like it was rising before it was linked to other points it takes a few days for any market to sort itself out

[maxsinner]

So far around 2,400,000 NAUT are mined. That means there is 13,780,000 NAUT left to be mined.

13,780,000/159= 86,666 minutes, that's roughly 60 days, I did not took in account the 1% reduction per week, so it would take a bit longer.

see specs:
* Scrypt
* 159.39 coins per block
* 1 minute block target
* 16,180,000 total coins
* 1% reduction every week
* DigiShield difficulty retargeting
* 1% premine

And who/what will secure the network when all coins have been mined?

[oxgroth]

Keep accomulating ppls =] , nice speculation u drove the price at nice value its time to rebuy.
Speculators you did a great job there thanks see you soon