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

[FlyingMongoose]

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

Because oh so very often has there been a rushed game release that was broken and ultimately caused the game, even majorly anticipated ones, to fail.

Ultimately, I consider all open source or freely developed or distributed software with this same attitude.

I would rather it take longer and completely work. Than be pushed out,  cause problems and cause the coin to fail.

I am a programmer myself and have this attitude. I don't give quotes saying I will have it done in exactly 30 hours.  No,  I say that I can estimate about 30 hours worth of work. But there could be more.

[scrypto]

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

Because oh so very often has there been a rushed game release that was broken and ultimately caused the game, even majorly anticipated ones, to fail.

Ultimately, I consider all open source or freely developed or distributed software with this same attitude.

I would rather it take longer and completely work. Than be pushed out,  cause problems and cause the coin to fail.

I am a programmer myself and have this attitude. I don't give quotes saying I will have it done in exactly 30 hours.  No,  I say that I can estimate about 30 hours worth of work. But there could be more.

Personally I would prefer a date/schedules. This is not a game.

[Doging]

Nobody's parking btc on mintpal by the look of things and volume's up on cryptsy.

If beta testing starts Thursday mintpal might have restored confidence by then.

Here's a better chart for cryptsy in the meantime

https://cryptrader.com/charts/cryptsy/naut/btc

[BitcoinNational]

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

WE Personally I would prefer a date/schedules. This is not a game.

This is not a game.  This is money.
Projections, Targets  = parameters of building trust

So just repost what is known to damper the FUD

PoS Update


We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure.  I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

[BK_PHI]

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

WE Personally I would prefer a date/schedules. This is not a game.

This is not a game.  This is money.
Projections, Targets  = parameters of building trust

So just repost what is known to damper the FUD

PoS Update


We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure.  I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

If I could give exact date/time I would, but if we miss that date/time then trust is lost.  I want this change to happen as much as anyone else as it has consumed WAY more of my TIME than I can afford to give!
-BK

[hardcoreprime]

Daily Facebook Advertisement Update. Phase II has started.  We have had 262 Website clicks and 74,273 impressions!




PLEASE NOTE: The donation period is now over.

Thanks, HCP

---------------------
I will be leaving to go on holidays on Thursday July 16,  I will let the campaign run in the meantime, however i wont be able to give daily updates.
I will give full updates as soon as i get back on July 26
------------------------

[cypz]

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

WE Personally I would prefer a date/schedules. This is not a game.

This is not a game.  This is money.
Projections, Targets  = parameters of building trust

So just repost what is known to damper the FUD

PoS Update


We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure.  I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

If I could give exact date/time I would, but if we miss that date/time then trust is lost.  I want this change to happen as much as anyone else as it has consumed WAY more of my TIME than I can afford to give!
-BK

Thanks for the consistent updates BK , with mintpal vol dropping you may be able to snap up some cheap coins if you into risking it =)

[BK_PHI]

When can we expect the PoS transition? It's been over 10 days since the code was finished, does it need more testing?

As a PC gamer I learned years ago that "when it is done" is a perfectly reasonable answer.

WE Personally I would prefer a date/schedules. This is not a game.

This is not a game.  This is money.
Projections, Targets  = parameters of building trust

So just repost what is known to damper the FUD

PoS Update


We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure.  I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

If I could give exact date/time I would, but if we miss that date/time then trust is lost.  I want this change to happen as much as anyone else as it has consumed WAY more of my TIME than I can afford to give!
-BK

Thanks for the consistent updates BK , with mintpal vol dropping you may be able to snap up some cheap coins if you into risking it =)

I am bidding on Cryptsy for the NSF right now

[BTCrawl]

Daily Facebook Advertisement Update. Phase II has started.  We have had 262 Website clicks and 74,273 impressions!




PLEASE NOTE: The donation period is now over.

Thanks, HCP

---------------------
I will be leaving to go on holidays on Thursday July 16,  I will let the campaign run in the meantime, however i wont be able to give daily updates.
I will give full updates as soon as i get back on July 26
------------------------

Awesome! Thanks for doing this and hope you have a great vacation!

[BTCrawl]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

[asnghost]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

  not much support on Mintpal

[BK_PHI]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

I am also bidding on Mintpal for the NSF...but I do not have a lot of coins on that exchange, just want to try and keep that market in line with others

-BK

[BTCrawl]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

  not much support on Mintpal

Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.

[BK_PHI]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

  not much support on Mintpal

Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.

agreed, the biggest problem is not the hack, but the roll-back...IMO...very bad for crypto...but creates an opportunity for coins like NAUT to stand out.  Once we get PoS rolled out we will begin to explore ways to maintain the integrity of the blockchain. 

[BTCrawl]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

  not much support on Mintpal

Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.

agreed, the biggest problem is not the hack, but the roll-back...IMO...very bad for crypto...but creates an opportunity for coins like NAUT to stand out.  Once we get PoS rolled out we will begin to explore ways to maintain the integrity of the blockchain.  

Sounds very interesting. Thanks, BK!

[mdtspain]

Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.

I also pulled nearly everything out, don't like that pull-back at all. I also think that VRC shouldn't let Mintpal influence their coin or the whole crypto scene.

[FlyingMongoose]

WE Personally I would prefer a date/schedules. This is not a game.

This is not a game.  This is money.
Projections, Targets  = parameters of building trust

So just repost what is known to damper the FUD

PoS Update


We are in the process of making sure the code is stable, we do not want to release anything that is unstable or not secure.  I apologize for the long delay, but implementing PoS into an existing PoW chain is quite complicated.

I will give a loose date of Thursday for the code to be complete and beta testing to begin. I will also send the code to Julian to have it audited.

Thanks for sticking with NAUT and I hope to surprise everyone on time!!!

-BK

Thursday 17 July (loose)

You're right this is not a game, this is money, however, games are software, virtual currency is software. Guess what? Both follow development cycles that don't always adhere to specific schedules, because both are software <-- That's the point I'm making, not that crypto is a game, I am fully aware of the fact that it is money, that there is monetary investment here. But I am also completely aware (as a software developer myself, and someone who has followed many a game development, which are, again I restate, software), I understand that security and proper implementation, as well as a solid review of code, and even a well planned distribution (like to exchanges first so that people can trade properly), all tie into making sure it all works properly.

Money does not revolve around patience, software does. So, one last time I state, Virtual Currency Systems are SOFTWARE.

Thank you, though, to BitcoinNational, and BK for emphasizing the loose estimate of the 17th.

Oh and to point out, my project specifically targeted at NAUT, I have a loose estimate of announcement for August 15th. I can't say for certain I will make it. But that's what I'm AIMING for. I don't know what kind of stuff will get in my way preventing me from bringing it to the place I want it to be between then and now. I could have a death in the family, I could have my fiance screaming profanities at me preventing me from actually getting my work done, who knows?

Anyway, I am a long term holder (I have been since day 1), and I will continue to be as long as possible as I personally see NAUT as the best place for my crypto-investments because there seems to be an understanding here that things take time that other alt-cryptos just don't get.


Don't forget to donate to the Facebook advertisement campaign (by hardcoreprime a.k.a. hcp)
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[HKBvM]

Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.

I also pulled nearly everything out, don't like that pull-back at all. I also think that VRC shouldn't let Mintpal influence their coin or the whole crypto scene.

Its not Mintpal alone. VRC is near-dead without rollback beacuse who invests in a POS coin with 30% of the money supply in the hands of a criminal? No wonder vrc community praises their dev, becasue he save their investment. Still bad and should have never happended imo.

And regarding the price:

Cryptos have a hard time (vrc, nav, other stuff), the price is being surpressed since days, some potential buyers call themselves sidelined (me too) because the uncertainty about pos and our all time dumping miners, it might get cheaper (or not). We just have to make sure that once this coin is POS, that there is a good roadmap (important points in drakoin's last page) and this coin will flourish.

[Cohle]

Damn, we just dropped beneath 20k on Mintpal Guess people are really spooked about Mintpal, together with a general stillness in the altmarket. I don't think this is just a Naut problem, as most coins are either down or flatlined.

  not much support on Mintpal

Support is very low for most coins though. I think the recent VRC hack caused a ton of big holders to withdraw their coins and wait things out. We might very well see a very quiet market for a little while until things clear out.

agreed, the biggest problem is not the hack, but the roll-back...IMO...very bad for crypto...but creates an opportunity for coins like NAUT to stand out.  Once we get PoS rolled out we will begin to explore ways to maintain the integrity of the blockchain. 

This is the response I wanted to read. Thanks BK!

[drakoin]

ROADMAP ?
I am trying to evaluate my NAUT investment. Essential to know this week's, and this month's, and this summer's plans.
As it is difficult to nail down specific dates, it could also be like "probably end of July", or "late next week"; or give dates, with a lot of buffer time.
Is there a roadmap, a list of dates?
Planned announcements, whitepapers, next versions, coin features, merchant adoption, conference talks, press conferences, google hangouts, games, competitions, etc. pp. ?
Thank you very much!
(EDITED: more ideas)

Yes, this would be greatly appreciated!

+100

Thanks for the support of my idea. In this fast-paced summer, it seems to become an essential aspect of development, to inform the community about all the plans for the near future.

Absolutely!  BK is a busy guy and there's a lot to do. Cryptoworld moves fast. We should collate ideas, pool our skills/resources (under a project manager) and set bounties  for a range of things naut related.

Is BK taking care of the multipool or should we start making arrangements now? Who owns http://nautpool.com/ ?

Not sure.

Sounds like there is energy in the community to compile such a list.