PilotofBTC
Legendary
 Offline
Activity: 1736
Merit: 1001
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May 29, 2014, 07:36:45 PM |
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I would be able to write a payment gateway (web service or standalone app) that used an Exchange's API to sell the NAUT for USD. However, the exchange would need an API and a NAUT/USD market.
Also, it would need to be FAST. To avoid slippage the NAUT would need to confirm FAST and the trade would need to happen quickly.
It would also be up to the merchant to set up the exchange account, and request USD withdrawals from the exchange. This assumes they want to convert the USD instantly. If course, if the price of NAUT is stable, there would really be no hurry to do this.
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FlyingMongoose
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May 29, 2014, 09:36:47 PM |
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I would be able to write a payment gateway (web service or standalone app) that used an Exchange's API to sell the NAUT for USD. However, the exchange would need an API and a NAUT/USD market.
Also, it would need to be FAST. To avoid slippage the NAUT would need to confirm FAST and the trade would need to happen quickly.
It would also be up to the merchant to set up the exchange account, and request USD withdrawals from the exchange. This assumes they want to convert the USD instantly. If course, if the price of NAUT is stable, there would really be no hurry to do this.
In what language would you write this? You could do the long workaround method if you wanted (kind of the only option right now) Use an exchange that accepts USD/BTC but also exchanges BTC/NAUT. In which case people who wish to buy NAUT for FIAT can basically say, paypal in, it then buys whatever BTC value that is, then buys whatever NAUT value that is USD -> BTC -> NAUT Though ultimately I think it would be nicer to not have to do that and pretty much allow this USD -> NAUT But you'd need a large pool of NAUT to do that in the first place, ultimately having a wallet in which your system houses a certain amount of NAUT, which when purchased for USD can transfer to a customer's wallet. The wallets do have an RPC-JSON capability so it's a probably capability. I have another project with somewhat different ideas but the wallet handling part is integral, may need help on it since I have other projects prioritized right now. |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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PilotofBTC
Legendary
Offline
Activity: 1736
Merit: 1001
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May 29, 2014, 09:58:25 PM |
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I would be able to write a payment gateway (web service or standalone app) that used an Exchange's API to sell the NAUT for USD. However, the exchange would need an API and a NAUT/USD market.
Also, it would need to be FAST. To avoid slippage the NAUT would need to confirm FAST and the trade would need to happen quickly.
It would also be up to the merchant to set up the exchange account, and request USD withdrawals from the exchange. This assumes they want to convert the USD instantly. If course, if the price of NAUT is stable, there would really be no hurry to do this.
In what language would you write this? You could do the long workaround method if you wanted (kind of the only option right now) Use an exchange that accepts USD/BTC but also exchanges BTC/NAUT. In which case people who wish to buy NAUT for FIAT can basically say, paypal in, it then buys whatever BTC value that is, then buys whatever NAUT value that is USD -> BTC -> NAUT Though ultimately I think it would be nicer to not have to do that and pretty much allow this USD -> NAUT But you'd need a large pool of NAUT to do that in the first place, ultimately having a wallet in which your system houses a certain amount of NAUT, which when purchased for USD can transfer to a customer's wallet. The wallets do have an RPC-JSON capability so it's a probably capability. I have another project with somewhat different ideas but the wallet handling part is integral, may need help on it since I have other projects prioritized right now. I would probably do it in C# or javascript. Two languages I know very well. You really wouldn't need a wallet client, you need an address generator (or even use pre-genned address pool) and you would just need to watch the block chain for the address. As far as having a cushion account, it would help, but isn't 100% necessary. However, the cushion would eliminate slippage. Also, blocks would HAVE to be 60 seconds or less. If the block chain stalls like it has before, the slippage would be large. Of course, if NAUT really was stable, as it is advertised, then slippage isn't as much of an issue. The thing with the double exchange is trading fees. Sure, it is possible to go from NAUT -> BTC -> USD, but you've gone from .2% fee to .4% fee. Still probably much less than a credit card though.  Anyway, this could be a stop gap, something a vendor could run locally on a server or PC with a private wallet. But, it could be the first step to a full blown payout service. |
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FlyingMongoose
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May 29, 2014, 10:13:35 PM |
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I would be able to write a payment gateway (web service or standalone app) that used an Exchange's API to sell the NAUT for USD. However, the exchange would need an API and a NAUT/USD market.
Also, it would need to be FAST. To avoid slippage the NAUT would need to confirm FAST and the trade would need to happen quickly.
It would also be up to the merchant to set up the exchange account, and request USD withdrawals from the exchange. This assumes they want to convert the USD instantly. If course, if the price of NAUT is stable, there would really be no hurry to do this.
In what language would you write this? You could do the long workaround method if you wanted (kind of the only option right now) Use an exchange that accepts USD/BTC but also exchanges BTC/NAUT. In which case people who wish to buy NAUT for FIAT can basically say, paypal in, it then buys whatever BTC value that is, then buys whatever NAUT value that is USD -> BTC -> NAUT Though ultimately I think it would be nicer to not have to do that and pretty much allow this USD -> NAUT But you'd need a large pool of NAUT to do that in the first place, ultimately having a wallet in which your system houses a certain amount of NAUT, which when purchased for USD can transfer to a customer's wallet. The wallets do have an RPC-JSON capability so it's a probably capability. I have another project with somewhat different ideas but the wallet handling part is integral, may need help on it since I have other projects prioritized right now. I would probably do it in C# or javascript. Two languages I know very well. You really wouldn't need a wallet client, you need an address generator (or even use pre-genned address pool) and you would just need to watch the block chain for the address. As far as having a cushion account, it would help, but isn't 100% necessary. However, the cushion would eliminate slippage. Also, blocks would HAVE to be 60 seconds or less. If the block chain stalls like it has before, the slippage would be large. Of course, if NAUT really was stable, as it is advertised, then slippage isn't as much of an issue. The thing with the double exchange is trading fees. Sure, it is possible to go from NAUT -> BTC -> USD, but you've gone from .2% fee to .4% fee. Still probably much less than a credit card though. Anyway, this could be a stop gap, something a vendor could run locally on a server or PC with a private wallet. But, it could be the first step to a full blown payout service. I haven't used C# for web regularly in a VERY long time (2005), C# with ASP.NET 2.5... I have however used C# for other applications since then. But my big project is being build on python 2.7, primarily because it should end up being a simple implementation with a profound output. |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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smak
Member
Offline
Activity: 72
Merit: 10
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May 29, 2014, 10:48:27 PM |
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you have news about entry on mintpal?
NAUT is already on mintpal... In fact it's on all these exchanges: AllCrypt AGX.io Bittrex Cryptsy Mintpal Poloniex Anyone else flashback to dumb and dumber just then where Lloyd reads the newspaper clipping on the wall "MAN LANDS ON MOON" turns back enthusiastically and yells "THATS GREAT!" |
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FlyingMongoose
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May 30, 2014, 12:02:37 AM |
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you have news about entry on mintpal?
NAUT is already on mintpal... In fact it's on all these exchanges: AllCrypt AGX.io Bittrex Cryptsy Mintpal Poloniex Anyone else flashback to dumb and dumber just then where Lloyd reads the newspaper clipping on the wall "MAN LANDS ON MOON" turns back enthusiastically and yells "THATS GREAT!" Kinda, and to correct the quote, "No way! ... That's great! [walks out] WE'VE LANDED ON THE MOON!". Ref: https://www.youtube.com/watch?v=-f_DPrSEOEoAnyway, still looking forward to that info on Proof of Stake and sponsorship :-) I know, he said 24 hrs on the proof of stake, but like I said earlier, I'm more interested in the plans for that sponsorship. |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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FlyingMongoose
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May 30, 2014, 05:42:22 AM |
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Thanks for the link and update on first post. May I recommend a dedicated downloads page on nautiluscoin.com and then link to that for downloads of the wallet here (that seems to be a stumbling point for people here often as well). |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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mdtspain
Legendary
Offline
Activity: 1076
Merit: 1003
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May 30, 2014, 08:12:19 AM
Last edit: May 30, 2014, 09:37:54 AM by mdtspain |
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Good Morning Everybody!!!!
It is a beautifull day, here in Spain the sun is shinning the whole weekend. I think this is a sign for NAUT to continue its rise and go to 30K sat this weekend.
We have seen the lows, now it's time to see how high this coin can Goooooo!!!
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maxsinner
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May 30, 2014, 08:16:17 AM |
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Good Morning Everybody!!!!
It is a beautifull day, here in Spain the sun is shinning the whole weekend. I think this is a sign for NAUT to continue its rise and go to 3K sat this weekend.
We have seen the lows, now it's time to see how high this coin can Goooooo!!!
I hope you meant 30k. |
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Fredericolitch
Member
Offline
Activity: 82
Merit: 10
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May 30, 2014, 08:55:15 AM |
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Hi everybody, I kinda believe in this coin for long term, wall street marketing, NSF (not for now, but imagine in some years  ), Bk background, etc... but for the next month, i'm a bit afraid by miners dumps, i'd like to have some information i did not find: - How many coins are mined everyday ? ==> how long until all coins are mined ? - Is some kind of block halving could be a good idea ? i can read '"1% by week", is it enough ? I dont have any expertise in that - POS seems to be a good idea in everyway, hyping the coin, rise of intrasic value, etc... but could it be enough to avoid miners dumping ? - Who is the coin developper(s) ? - how many people working on the coin ? If POS is impletend very soon, as it was said, i guess we will se 20k sat soon  TY for the work, i'm holding |
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mdtspain
Legendary
Offline
Activity: 1076
Merit: 1003
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May 30, 2014, 09:38:51 AM |
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Good Morning Everybody!!!!
It is a beautifull day, here in Spain the sun is shinning the whole weekend. I think this is a sign for NAUT to continue its rise and go to 3K sat this weekend.
We have seen the lows, now it's time to see how high this coin can Goooooo!!!
I hope you meant 30k. OEPS....corrected!! |
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Doging
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May 30, 2014, 09:48:31 AM |
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Hi everybody, I kinda believe in this coin for long term, wall street marketing, NSF (not for now, but imagine in some years ), Bk background, etc... but for the next month, i'm a bit afraid by miners dumps, i'd like to have some information i did not find: - How many coins are mined everyday ? ==> how long until all coins are mined ? - Is some kind of block halving could be a good idea ? i can read '"1% by week", is it enough ? I dont have any expertise in that - POS seems to be a good idea in everyway, hyping the coin, rise of intrasic value, etc... but could it be enough to avoid miners dumping ? - Who is the coin developper(s) ? - how many people working on the coin ? If POS is impletend very soon, as it was said, i guess we will se 20k sat soon TY for the work, i'm holding Looks like between 100-200k a day and about a fifth have been mined already. Block halving isn't necessarily a good idea, difficulty could just drop. I want some more info on POS ideas too, 1% a week and we'd probably hit 100k sats overnight. |
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cypz
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May 30, 2014, 10:10:30 AM |
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Update on POS info should be in the next 12 hours i believe
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kehtolo
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May 30, 2014, 11:57:13 AM |
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Hi folks.. I'm new to NAUT but i bought some yesterday after researching it. It really has all the looks of a very promising coin, with a future.
I even ordered the T-Shirt yesterday evening from the official site!!
Just asking.. is there a dedicated Nautilus forum..?
(Also posting to bookmark this thread)
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The next 24 hours are critical!
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BigDaddyWooWoo
Member
Offline
Activity: 102
Merit: 10
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May 30, 2014, 01:36:21 PM |
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Where the heck is all the hash on NAUT? The largest pool I can find is 70mhs but the network is reporting 2400 mhs?? My pool hasn't found a block in 15 hours.
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BK_PHI (OP)
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May 30, 2014, 01:45:30 PM |
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PoS Update
Sorry for the delay. Just checking with a couple devs to make sure we can code what I want to do with the PoS...I dont want to announce something that cannot be done.
BK
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CryptoLTD
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May 30, 2014, 01:46:57 PM |
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Where the heck is all the hash on NAUT? The largest pool I can find is 70mhs but the network is reporting 2400 mhs?? My pool hasn't found a block in 15 hours.
Its one of the multi-pools.. not sure which one |
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FlyingMongoose
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May 30, 2014, 02:02:51 PM |
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Where the heck is all the hash on NAUT? The largest pool I can find is 70mhs but the network is reporting 2400 mhs?? My pool hasn't found a block in 15 hours.
It's ipominer still |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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BigDaddyWooWoo
Member
Offline
Activity: 102
Merit: 10
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May 30, 2014, 02:04:22 PM |
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Where the heck is all the hash on NAUT? The largest pool I can find is 70mhs but the network is reporting 2400 mhs?? My pool hasn't found a block in 15 hours.
Its one of the multi-pools.. not sure which one If that's the case it's gotta be way over 51% of the total hash?? Like 80% or 90%? Is this right? Why is no one talking about this? |
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