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

[PilotofBTC]

Has any one else read Moolah's due diligence section (https://v2.moolah.io/due-diligence)?

"We'll need to see the following in order to verify your account if you wish to use our currency exchange services, merchant conversion services or accept credit/debit cards on our storefronts.

 - Government issued photo ID (e.g. passport, drivers license, identity card, etc).
 - Proof of address (e.g. utility bill, bank statement, etc) dated within the last 6 months.

You can provide this information to us by opening a help desk ticket at the below URL and uploading your documents. Please include your username in any requests. Please do not send us documents via email."

I'm sure they're just trying to comply with the law, but buying BTC on coinbase, waiting 4 days then buying NAUT on MintPal seems easier to me.  Both are way too many steps.  I know we're in the early days here so if that's all we got, that's all we got.  Just wondering if there are any other options any one knew of. 

We got a bunch of MMA fans that are going to be hitting NautilusCoin.com on July 5th and some are going to want to buy.  Is there an easy way?

I don't think it is so much law as risk. Selling crypto coins for payment methods that have chargebacks is very risky for the merchant.


Localbitcoins.com. Find someone local to buy bitcoins from. Meet then at a police office to exchange cash for coins. Once you have BTC you have several options available to buy NAUT with. Probably the fastest way.

The localbitcoins route sounds like a major hassle.  I was thinking more like 1) click on link 2) put in credit card info 3) get NAUT.  We're talking about people that are new to crypto.  "Go to your local police station and make the exchange" is a non-starter.  The easier we make it for people the more that buy.  Are we better off telling people to give us their email address and we'll let them know when they can purchase NAUT for USD?

What else can we do?

Yep, there's easy and slow, or hassle and fast. This will never change as long as you are talking about buying crypto with zero charge back for non-cash payments like credit card and paypal that do have charge backs. The only places that even do it charge a huge fee to do it.

Or, we have to find a US brokerage that will list NAUT... one that accepts wires. At least investors know how to deal with a brokerage.

I take it agx.io still doesn't have a USD market yet?

[xgold]

Good luck with your coin! XGOLD

[CryptoLTD]

Has any one else read Moolah's due diligence section (https://v2.moolah.io/due-diligence)?

"We'll need to see the following in order to verify your account if you wish to use our currency exchange services, merchant conversion services or accept credit/debit cards on our storefronts.

 - Government issued photo ID (e.g. passport, drivers license, identity card, etc).
 - Proof of address (e.g. utility bill, bank statement, etc) dated within the last 6 months.

You can provide this information to us by opening a help desk ticket at the below URL and uploading your documents. Please include your username in any requests. Please do not send us documents via email."

I'm sure they're just trying to comply with the law, but buying BTC on coinbase, waiting 4 days then buying NAUT on MintPal seems easier to me.  Both are way too many steps.  I know we're in the early days here so if that's all we got, that's all we got.  Just wondering if there are any other options any one knew of.  

We got a bunch of MMA fans that are going to be hitting NautilusCoin.com on July 5th and some are going to want to buy.  Is there an easy way?

www.Cryptsy.com will be opening their USD/BTC markets today I believe @ some point. Verification is needed to make USD withdraws & deposits, however, once you are verified, your good to go. I'm not sure of details, you may want to look @ the exchange and see.

Edit: This will enable you to buy BTC with USD & buy NAUT on market right there, or trade it as you see fit, w/o transferring coins to a bunch of different places.

[FlyingMongoose]

Ultimately ease of access is a primary goal here. There is nothing wrong with straight up trading fiat with your friends. People you already know.

Say I know you but don't know much about NAUT but am curious and want to buy $20 USD worth. You help me get a NAUT wallet. I hand you the $20 you transfer $20 worth of NAUT into the wallet you helped me set up.

Or use PayPal in a similar manner. Private transactions like this are completely legal last I checked.

In turn you could use that $20 USD to buy back in what you just gave to your friend.

Withdrawing to USD and so on can all be researched by your friend. But this ultimately helps the coins growth and buy demand.

You can make it easy for your friends. This is one of the many reasons Crypto currencies are great. Ease of access is pretty much built in.

[Doging]

Ultimately ease of access is a primary goal here. There is nothing wrong with straight up trading fiat with your friends. People you already know.

Say I know you but don't know much about NAUT but am curious and want to buy $20 USD worth. You help me get a NAUT wallet. I hand you the $20 you transfer $20 worth of NAUT into the wallet you helped me set up.

Or use PayPal in a similar manner. Private transactions like this are completely legal last I checked.

In turn you could use that $20 USD to buy back in what you just gave to your friend.

Withdrawing to USD and so on can all be researched by your friend. But this ultimately helps the coins growth and buy demand.

You can make it easy for your friends. This is one of the many reasons Crypto currencies are great. Ease of access is pretty much built in.

Someone randomly asked me get them some NAUT. I'm sure most people know someone who uses crypto these days and there's always ebay if they don't.

I might list some on ebay actually.

They'll probably sign up to moolah in the meantime and keep an eye on the price once they've done some research as many don't trust exchanges.

What's with all those 1000 sell orders? Keeping price down before the fight?

[BTCrawl]

What's with all those 1000 sell orders? Keeping price down before the fight?

Yeah that's a bit strange... either that or a miner autoselling maybe?

[Doging]

What's with all those 1000 sell orders? Keeping price down before the fight?

Yeah that's a bit strange... either that or a miner autoselling maybe?

They all popped up last night at the same time so I doubt it. Who would do that just before POS/fight/moolah?

[BTCrawl]

What's with all those 1000 sell orders? Keeping price down before the fight?

Yeah that's a bit strange... either that or a miner autoselling maybe?

They all popped up last night at the same time so I doubt it. Who would do that just before POS/fight/moolah?

Really? I haven't kept track of the orderbook in the last few days. If so then yeah, you might very well be right.

[asnghost]

What's with all those 1000 sell orders? Keeping price down before the fight?

Yeah that's a bit strange... either that or a miner autoselling maybe?

They all popped up last night at the same time so I doubt it. Who would do that just before POS/fight/moolah?

Really? I haven't kept track of the orderbook in the last few days. If so then yeah, you might very well be right.

Multipools that daily convert altcoins to BTC. No single miner can mine that amount of NAUT atm.

[BTCrawl]

For those of you who are almost completely focused on altcoins, BTC is on a very nice run today

[BTCrawl]

BK - I just noticed that Coinmarketcap.com uses the old block explorer. Do you think it would be a good idea to ask them to change it, or will the old one be fixed to show the correct blocks?

[FlyingMongoose]

Don't forget to vote!

http://www.coinwarz.com/voting/

[Soul_eater_123]

I can see the moon

Put some pants on.

[open82buy]

I can see the moon

Put some pants on.

                           

[open82buy]

                             

[mjh712]

This issue has been raised in the past few days, but not really addressed in detail.  There are two major events going right now, the POS and the fight.  One event is important to the altcoin enthusiasts who have a deep understanding of how these systems work, the other event is an attempt to introduce NAUT to a group of people who probably don't know the first thing about BTC, let alone altcoins. 

For me, these events are completely unrelated and should be treated as such.  The POS will strengthen our hand with altcoin savvy people, and will hopefully lead to some buying of NAUT from within the altcoin community. 

However, MMA fans who will be watching the fight have no interest in the technical aspects of NAUT, and we would be wasting our breath trying to explain why POS is a big deal.  The issues must remain separate.  The exposure we will get from the fight will be relatively useless unless we can develop a mechanism for bringing those people into the fold (i.e. having them purchase NAUT).  I would argue that the overwhelming majority of them would not be willing/able to take all the steps currently needed to purchase NAUT (I can only assume the police station idea was made in jest).  This needs to be a major focus.  If NAUT can be the coin that becomes readily available to the masses, it becomes a real winner.  It was brought up in a previous post - it needs to be a few clicks and a credit card away.

People seem very certain that the exposure from this fight will have a huge and immediate effect on the price of the coin.  While I own a bunch of NAUT and will be a long term holder, I do not necessarily buy this line of thinking.  We need to make it easy for some guy sitting on his couch to own NAUT - directing him to a website that focuses on technical issues like POS, Digishield, etc., and making him go through multiple steps over the course of 4-5 days makes it extremely unlikely that this person will ever own NAUT. 

I would appreciate any feedback on this topic, as I am new to the altcoin community and am trying to approach this in a practical, business-centric sense.  The more people that pour money into NAUT, the more the currency appreciates, let's make it easier for this to happen!

BK - I would love to get your take on this issue

[FlyingMongoose]

This issue has been raised in the past few days, but not really addressed in detail.  There are two major events going right now, the POS and the fight.  One event is important to the altcoin enthusiasts who have a deep understanding of how these systems work, the other event is an attempt to introduce NAUT to a group of people who probably don't know the first thing about BTC, let alone altcoins. 

For me, these events are completely unrelated and should be treated as such.  The POS will strengthen our hand with altcoin savvy people, and will hopefully lead to some buying of NAUT from within the altcoin community. 

However, MMA fans who will be watching the fight have no interest in the technical aspects of NAUT, and we would be wasting our breath trying to explain why POS is a big deal.  The issues must remain separate.  The exposure we will get from the fight will be relatively useless unless we can develop a mechanism for bringing those people into the fold (i.e. having them purchase NAUT).  I would argue that the overwhelming majority of them would not be willing/able to take all the steps currently needed to purchase NAUT (I can only assume the police station idea was made in jest).  This needs to be a major focus.  If NAUT can be the coin that becomes readily available to the masses, it becomes a real winner.  It was brought up in a previous post - it needs to be a few clicks and a credit card away.

People seem very certain that the exposure from this fight will have a huge and immediate effect on the price of the coin.  While I own a bunch of NAUT and will be a long term holder, I do not necessarily buy this line of thinking.  We need to make it easy for some guy sitting on his couch to own NAUT - directing him to a website that focuses on technical issues like POS, Digishield, etc., and making him go through multiple steps over the course of 4-5 days makes it extremely unlikely that this person will ever own NAUT. 

I would appreciate any feedback on this topic, as I am new to the altcoin community and am trying to approach this in a practical, business-centric sense.  The more people that pour money into NAUT, the more the currency appreciates, let's make it easier for this to happen!

BK - I would love to get your take on this issue

Nothing stopping you from having your friend hand you $20 USD Fiat, you help him set up a wallet and send him $20 worth of NAUT, then, in turn, purchasing $20 NAUT for yourself again.

Right now this is the shortest and easiest solution.

[Doging]

This issue has been raised in the past few days, but not really addressed in detail.  There are two major events going right now, the POS and the fight.  One event is important to the altcoin enthusiasts who have a deep understanding of how these systems work, the other event is an attempt to introduce NAUT to a group of people who probably don't know the first thing about BTC, let alone altcoins. 

For me, these events are completely unrelated and should be treated as such.  The POS will strengthen our hand with altcoin savvy people, and will hopefully lead to some buying of NAUT from within the altcoin community. 

However, MMA fans who will be watching the fight have no interest in the technical aspects of NAUT, and we would be wasting our breath trying to explain why POS is a big deal.  The issues must remain separate.  The exposure we will get from the fight will be relatively useless unless we can develop a mechanism for bringing those people into the fold (i.e. having them purchase NAUT).  I would argue that the overwhelming majority of them would not be willing/able to take all the steps currently needed to purchase NAUT (I can only assume the police station idea was made in jest).  This needs to be a major focus.  If NAUT can be the coin that becomes readily available to the masses, it becomes a real winner.  It was brought up in a previous post - it needs to be a few clicks and a credit card away.

People seem very certain that the exposure from this fight will have a huge and immediate effect on the price of the coin.  While I own a bunch of NAUT and will be a long term holder, I do not necessarily buy this line of thinking.  We need to make it easy for some guy sitting on his couch to own NAUT - directing him to a website that focuses on technical issues like POS, Digishield, etc., and making him go through multiple steps over the course of 4-5 days makes it extremely unlikely that this person will ever own NAUT. 

I would appreciate any feedback on this topic, as I am new to the altcoin community and am trying to approach this in a practical, business-centric sense.  The more people that pour money into NAUT, the more the currency appreciates, let's make it easier for this to happen!

BK - I would love to get your take on this issue

How about verified ebay sellers as an option for these people. It can be done quite easily with minimal extra cost if customers are directed to sellers.

[xtent]

This has been an issue I was facing when I wanted to buy Naut.
Not the easiest and the very few I found willing to sell were totally trying to rip me off.

[jh83]

This issue has been raised in the past few days, but not really addressed in detail.  There are two major events going right now, the POS and the fight.  One event is important to the altcoin enthusiasts who have a deep understanding of how these systems work, the other event is an attempt to introduce NAUT to a group of people who probably don't know the first thing about BTC, let alone altcoins. 

For me, these events are completely unrelated and should be treated as such.  The POS will strengthen our hand with altcoin savvy people, and will hopefully lead to some buying of NAUT from within the altcoin community. 

However, MMA fans who will be watching the fight have no interest in the technical aspects of NAUT, and we would be wasting our breath trying to explain why POS is a big deal.  The issues must remain separate.  The exposure we will get from the fight will be relatively useless unless we can develop a mechanism for bringing those people into the fold (i.e. having them purchase NAUT).  I would argue that the overwhelming majority of them would not be willing/able to take all the steps currently needed to purchase NAUT (I can only assume the police station idea was made in jest).  This needs to be a major focus.  If NAUT can be the coin that becomes readily available to the masses, it becomes a real winner.  It was brought up in a previous post - it needs to be a few clicks and a credit card away.

People seem very certain that the exposure from this fight will have a huge and immediate effect on the price of the coin.  While I own a bunch of NAUT and will be a long term holder, I do not necessarily buy this line of thinking.  We need to make it easy for some guy sitting on his couch to own NAUT - directing him to a website that focuses on technical issues like POS, Digishield, etc., and making him go through multiple steps over the course of 4-5 days makes it extremely unlikely that this person will ever own NAUT. 

I would appreciate any feedback on this topic, as I am new to the altcoin community and am trying to approach this in a practical, business-centric sense.  The more people that pour money into NAUT, the more the currency appreciates, let's make it easier for this to happen!

BK - I would love to get your take on this issue

How about verified ebay sellers as an option for these people. It can be done quite easily with minimal extra cost if customers are directed to sellers.

The ebay idea is thinking about it on the right scale.  Bartering may be the easiest and fastest solution for some people, but it's not scalable.  We're trying to get NAUT to hundreds of thousands of people.  The new people that we need to attract to NAUT don't have friends they can barter with.  They aren't going to setup a craiglist deal in a parking lot.  IMO, we'd be better off telling people to give us their email and we'll let them know when NAUT is available to be purchased easily than turning them off completely by sending them on some 10 step journey.  If people get to the site with the intent to buy and leave thinking it's way too complicated, we're worse off than we started.