First of let me apologize for not posting something first thing this morning - I had jury duty!!!
Next, I thought we should review the plan for Nautiluscoin as over the next few weeks I anticipate a lot more news. This following is from the orignal post:
*******************************************************************************************************************
MissionNautiluscoin’s mission is to introduce digital currencies as an investable asset class and provide the premiere instrument for cryptocurrency investing.
RoadmapThere are three pillars to our plan:
1. Build a Community
2. Gain Acceptance
3. Continuous Development
Step 1: Build a CommunityIn order for Nautiluscoin to have value it must solve a problem. Our first task is to ask our community members what problem needs to be solved, with a particular focus on solving a problem that will attract interest of the investment community.
Substeps:
Social: Actively promote our solution to the altcoin community and to the investment community
Trading: Create a deep liquid market by listing the coin on high volume exchanges
Step 2: AcceptanceIdentify merchants/investors/communities that could benefit by using Nautiluscoin. This could also include sponsorship opportunities like Dogecoin Car.
Step 3: Continuous DevelopmentWe will add full time development team to handle any changes/updates that will be needed.
Potential Development Projects
-Proof of Stake Implementation
-Nautiluscoin Card for Easy Merchant Acceptance
-Coinkite integration
***************************************************************************************************************
So where do we stand today?Step 1: Build a community - this process is much much further along than I had anticipated at this point. I really appreciate the community support...even the trolls...actually, no...not the trolls.
My job going forward is to foster a vibrant supportive community. The one thing I have learned about crypto is that community is everything - without a supportive community the coin dies.
The next step in building the community is asking for a problem to solve. In my view, if a coin does not solve a problem (i.e. make consumers' and merchants' life easier) then it has no value. I am working on merchant acceptance but we need community input.
Question for the Community: What problem should Nautiluscoin solve? Another way of asking this is why would/should a consumer use Nautiluscoin?
The obvious answer is because they expect the price to increase, therefore they want to hold NAUT and spend it every once in a while. But eventually we will need more. So let the ideas fly...and yes there is such thing as a stupid idea...but dont worry I won't call anyone out..unless you are a troll
Step 2: AcceptanceI hope to have news in the very near term about payment processors. As well, I have a call this afternoon about a sponsorship opportunity.
Step 3: Continuous Development
We have been working very hard on implementing my idea for PoS, but it is proving easier said than done. I personally like the idea of PoS because it gives consumers a reason to hold NAUT , i.e. a 'dividend'. I am also aware that PoS presents some security issues, so before we announce anything I want to make sure we have done our research. NAUT has come very far, very fast and I do not want to do anything to jeopardize our success.
Long Term VisionWhen we launched the coin I thought the first three steps would take a minimum of six months - but here we are 30 days after launch and they are almost all complete or in the process of completion. This leads me to the long term vision for NAUT.
Wall StreetMy goal with NAUT has been and will always be to introduce Wall Street to cryptocurrencies. Most of the investors I speak with are aware of alt-coins, but they don't know what to "do" with them. This is why it is essentially for NAUT to show how and why digital currencies can change the world. My goal is to make NAUT the first alt-coin to be of 'investable' quality. This does not mean going up 80% in 24 hrs because your cousin's brother's uncle heard that news was about to be released on NAUT. It means creating an investment/business that has a reason to exist. Whatever the reason for existence it also must make money that holders of the coin will receive. The ultimate goal for NAUT is return capital to coinholders - either via a dividend or profits.
The Amazon of Digital CurrenciesWhen Jeff Bezos left his job as an investment banker to sell books over the new technology called the
internet, people thought he was crazy. His company, Amazon now streams movies over a handheld computer - both of these technologies did not exist when he started Amazon. My vision for NAUT is to use the same template as Bezos - i.e. continuously invest in the latest technology to create a high growth businesses. Nobody knew what the 'internet' would become and nobody knows what digital currencies will look like in 10 years. But I do know that innovation and flexibility are the reasons why Amazon has thrived.
Homework for the Community1.) Let me know how the coin should be used - let's crowdsource a great business idea.
2.) Continue to positively promote the coin.
3.) Be on the lookout for the next innovation that we can intergrate into NAUT.
-BK
