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BK_PHI (OP)
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June 05, 2014, 01:08:23 PM |
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Hi...we have been heavily supporting NAUT over the last 24 hrs here are the trades from Mintpal...there are more, but you get the idea:
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What I'm a bit concerned about BRain.. (and everyone else!) is that apart from the NSF trades published above.. who else is buying / selling /trading ?? If you removed these trades from the picture how does it look like? In volume terms? You said that this is not all of them? So I can only roughly estimate the volume without NSF.. but I'll give it a go and come back. The buy side is all speculators...just like every other coin without external demand the only reason to buy is a spec. My job now is to get 'real' buyers into the game, whether it be Wall Street investors or consumers using NAUT. The whole point of the NSF is the create a liquid market so consumers and merchants will feel comfortable enough to use it. To those outside the crypto world all these coins look the same...nobody understands the difference between SHA-256, Blake, X11, PoS etc...so what I am trying to do is differentiate NAUT to be the coin everyone wants to use...ease of use is key. IF everyone wants to use it then real investors will want to buy it. The NSF was conceived to prime the pump in the early stages and stabilize as the coin gains acceptance. |
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BK_PHI (OP)
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June 05, 2014, 01:13:02 PM |
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Hi...we have been heavily supporting NAUT over the last 24 hrs here are the trades from Mintpal...there are more, but you get the idea:
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What I'm a bit concerned about BRain.. (and everyone else!) is that apart from the NSF trades published above.. who else is buying / selling /trading ?? If you removed these trades from the picture how does it look like? In volume terms? You said that this is not all of them? So I can only roughly estimate the volume without NSF.. but I'll give it a go and come back. The buy side is all speculators...just like every other coin without external demand the only reason to buy is a spec. My job now is to get 'real' buyers into the game, whether it be Wall Street investors or consumers using NAUT. The whole point of the NSF is the create a liquid market so consumers and merchants will feel comfortable enough to use it. To those outside the crypto world all these coins look the same...nobody understands the difference between SHA-256, Blake, X11, PoS etc...so what I am trying to do is differentiate NAUT to be the coin everyone wants to use...ease of use is key. IF everyone wants to use it then real investors will want to buy it. The NSF was conceived to prime the pump in the early stages and stabilize as the coin gains acceptance. And to be clear...The NSF is not the only solution nor is it perfect, but it is a step forward |
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rynomster
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June 05, 2014, 01:27:40 PM |
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I have been buying... I've been buying since 11000 downwards, cos I thought its sure to go back up :\ :/
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kehtolo
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June 05, 2014, 01:52:57 PM |
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And to be clear...The NSF is not the only solution nor is it perfect, but it is a step forward
Yes, this is fair enough and it is quite a decent step forward. You are to be commended on it in my opinion. Anyway, this may be of interest to some people. The NSF figures above (p.94) amount to 4.19013446 btc over roughly 18 hours (~18:30 - ~12:22 - June 4th-5th) So ~4.2 btc over roughly 18 hours. This is not bad!!! Extrapolated out over 24 hours - we get a figure around 5.6btc Actual 24Hr trade volume on Mintpal (currently at) 22.486 (22.5) then 5.6 / .225 = 24.8% The NSF accounted for roughly 25% of trade volume on mintpal. That is a figure which actually gives me some confidence, as I had feared it may be actually a lot higher than that. This is encouraging. |
The next 24 hours are critical!
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BK_PHI (OP)
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June 05, 2014, 01:58:41 PM |
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And to be clear...The NSF is not the only solution nor is it perfect, but it is a step forward
Yes, this is fair enough and it is quite a decent step forward. You are to be commended on it in my opinion. Anyway, this may be of interest to some people. The NSF figures above (p.94) amount to 4.19013446 btc over roughly 18 hours (~18:30 - ~12:22 - June 4th-5th) So ~4.2 btc over roughly 18 hours. This is not bad!!! Extrapolated out over 24 hours - we get a figure around 5.6btc Actual 24Hr trade volume on Mintpal (currently at) 22.486 (22.5) then 5.6 / .225 = 24.8% The NSF accounted for roughly 25% of trade volume on mintpal. That is a figure which actually gives me some confidence, as I had feared it may be actually a lot higher than that. This is encouraging. Interesting analysis...looking at my records we spent about 5 BTC over the last 24hrs |
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kehtolo
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June 05, 2014, 02:05:13 PM |
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Thanks. Then it is broadly in line with reality and that's always a plus!
25% of trade is fine. I feared (briefly) that it would be a lot higher than that. So, this is a good thing.
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The next 24 hours are critical!
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Fredericolitch
Member
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Activity: 82
Merit: 10
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June 05, 2014, 03:51:30 PM |
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A last thing, i did not have answer :
- Who developped the coin ? Not BK. is he reading ours posts ?
- Are you alone on this BK ? Do you need a team ?
Who is developing POS for this coin and what coins have they worked on before? I think the Dev's who helped BK out were called DigiByte - they developed digishield and have their own coin called Digibyte. That is about as much as i know about them! I mined digibyte and their devs seemed highly capable. Are they working on POS though? Yes...they are part of the team working on it And what is this team exactly if i may ask ? |
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FlyingMongoose
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June 05, 2014, 05:19:13 PM |
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How about a mobile wallet? People keep talking about cards, and whatnot, but ultimately, mobile platform wallets are just as useful. The other question about mobile wallet is how to get it to stake in Proof of Stake (has been a pretty big question for a lot of coins). But ultimately if part of acceptance is the distribution ability to spend, then we should provide as many options as to how to spend as possible.
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qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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foxy
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June 05, 2014, 05:21:18 PM |
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How about a mobile wallet? People keep talking about cards, and whatnot, but ultimately, mobile platform wallets are just as useful. The other question about mobile wallet is how to get it to stake in Proof of Stake (has been a pretty big question for a lot of coins). But ultimately if part of acceptance is the distribution ability to spend, then we should provide as many options as to how to spend as possible.
+1 the first person to crack a working staking android wallet is going to be quids in. |
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PilotofBTC
Legendary
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Activity: 1736
Merit: 1001
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June 05, 2014, 05:23:29 PM |
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How about a mobile wallet? People keep talking about cards, and whatnot, but ultimately, mobile platform wallets are just as useful. The other question about mobile wallet is how to get it to stake in Proof of Stake (has been a pretty big question for a lot of coins). But ultimately if part of acceptance is the distribution ability to spend, then we should provide as many options as to how to spend as possible.
+1 the first person to crack a working staking android wallet is going to be quids in. NXT has this thing were you can "lease" coins to another wallet for forging (what they call staking). If NAUT could set up something similar, you can lease coins in your mobile wallet to your PC wallet to stake. But, really, just have two wallets. Your primary wallet (savings) account on your PC with the bulk of you holdings for staking, and then a mobile wallet (checking account) for you day to day transfers. |
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Conqueror
Legendary
Offline
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
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June 05, 2014, 07:18:21 PM |
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And to be clear...The NSF is not the only solution nor is it perfect, but it is a step forward
Yes, this is fair enough and it is quite a decent step forward. You are to be commended on it in my opinion. Anyway, this may be of interest to some people. The NSF figures above (p.94) amount to 4.19013446 btc over roughly 18 hours (~18:30 - ~12:22 - June 4th-5th) So ~4.2 btc over roughly 18 hours. This is not bad!!! Extrapolated out over 24 hours - we get a figure around 5.6btc Actual 24Hr trade volume on Mintpal (currently at) 22.486 (22.5) then 5.6 / .225 = 24.8% The NSF accounted for roughly 25% of trade volume on mintpal. That is a figure which actually gives me some confidence, as I had feared it may be actually a lot higher than that. This is encouraging. Interesting analysis...looking at my records we spent about 5 BTC over the last 24hrs That way you just wasted 5BTC and price continue to free-fall... Wouldn't it be better to set up whole 5BTC wall instead? |
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FlyingMongoose
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June 05, 2014, 07:59:15 PM |
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And to be clear...The NSF is not the only solution nor is it perfect, but it is a step forward
Yes, this is fair enough and it is quite a decent step forward. You are to be commended on it in my opinion. Anyway, this may be of interest to some people. The NSF figures above (p.94) amount to 4.19013446 btc over roughly 18 hours (~18:30 - ~12:22 - June 4th-5th) So ~4.2 btc over roughly 18 hours. This is not bad!!! Extrapolated out over 24 hours - we get a figure around 5.6btc Actual 24Hr trade volume on Mintpal (currently at) 22.486 (22.5) then 5.6 / .225 = 24.8% The NSF accounted for roughly 25% of trade volume on mintpal. That is a figure which actually gives me some confidence, as I had feared it may be actually a lot higher than that. This is encouraging. Interesting analysis...looking at my records we spent about 5 BTC over the last 24hrs That way you just wasted 5BTC and price continue to free-fall... Wouldn't it be better to set up whole 5BTC wall instead? Not if a multi-pool, or mine-and-dump operation is going on, then it would still be a waste of 5btc. |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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stormia
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June 05, 2014, 11:42:00 PM |
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How about a mobile wallet? People keep talking about cards, and whatnot, but ultimately, mobile platform wallets are just as useful. The other question about mobile wallet is how to get it to stake in Proof of Stake (has been a pretty big question for a lot of coins). But ultimately if part of acceptance is the distribution ability to spend, then we should provide as many options as to how to spend as possible.
+1 the first person to crack a working staking android wallet is going to be quids in. Mintcoin already has one, it is being tested by people now. Notice the mint pump today. |
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cypz
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June 06, 2014, 06:14:04 AM |
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more PROOF OF STAKE INFO PLS  |
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Conqueror
Legendary
Offline
Activity: 1354
Merit: 1020
I was diagnosed with brain parasite
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June 06, 2014, 06:27:43 AM |
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And to be clear...The NSF is not the only solution nor is it perfect, but it is a step forward
Yes, this is fair enough and it is quite a decent step forward. You are to be commended on it in my opinion. Anyway, this may be of interest to some people. The NSF figures above (p.94) amount to 4.19013446 btc over roughly 18 hours (~18:30 - ~12:22 - June 4th-5th) So ~4.2 btc over roughly 18 hours. This is not bad!!! Extrapolated out over 24 hours - we get a figure around 5.6btc Actual 24Hr trade volume on Mintpal (currently at) 22.486 (22.5) then 5.6 / .225 = 24.8% The NSF accounted for roughly 25% of trade volume on mintpal. That is a figure which actually gives me some confidence, as I had feared it may be actually a lot higher than that. This is encouraging. Interesting analysis...looking at my records we spent about 5 BTC over the last 24hrs That way you just wasted 5BTC and price continue to free-fall... Wouldn't it be better to set up whole 5BTC wall instead? Not if a multi-pool, or mine-and-dump operation is going on, then it would still be a waste of 5btc. Obviously you have no idea how big walls affect buyers. Some might actually add up... |
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rypto
Newbie
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Activity: 38
Merit: 0
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June 06, 2014, 10:32:55 AM
Last edit: June 06, 2014, 10:47:11 AM by rypto |
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Having Stabilization Fund defies the point of a crypto currency, it basically works as a price regulator and that whats most people are trying to avoid. I sold out on the last price action as it was clearly obvious the price was being suppressed. To much power for one person, besides its not working just look at the price tumbling
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Clyze
Full Member
Offline
Activity: 177
Merit: 100
Invest in your future.
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June 06, 2014, 02:41:34 PM |
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Having Stabilization Fund defies the point of a crypto currency, it basically works as a price regulator and that whats most people are trying to avoid. I sold out on the last price action as it was clearly obvious the price was being suppressed. To much power for one person, besides its not working just look at the price tumbling
Exit if you wish to. If you take a look at the charts this looks like a perfect accumulation. Being patient will eventually reward. Probably some "good" news announcement will be published in the next month or few weeks which will lead to a price surge. |
Invest in your future.
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BK_PHI (OP)
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June 06, 2014, 04:31:49 PM |
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