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

[Doging]

Im in the process of getting some BTC so i can get some Naut, just getting setup at this point.
I downloaded the OSX wallet yesterday and it synced relatively quick then i encrypted it (have no coin in there so not sure if i should have even bothered).

This is very important, and it is good that you did it. While you have no coin now, the wallet.dat file is the keys to your kinddom. You must protect it by:

1. Encrypting it with a strong password. Protect this password. Don't put it in a text file on your PC. If you do store it somewhere, make sure that is encrypted with another password, like in a password manager like LastPass or 1Password or Keepass.

2. Backing it up.

It sounds like you did step 1. Also make sure you do step 2.

So, yes, you are doing the correct things. Also, make sure you do step 2 often. Normally the wallet.dat isn't modified, but it might be if you do a spend. (I'm not sure if this wallet has additional change address pre-generted or not.) But, I re-back mine up after I do any spend and after I add any receive addresses or send addresses.

Also you can double-check your password is correct before sending coins, just try to send and it asks for your password. Might sound stupid but I saved the wrong password for my ltc wallet and it took me two days to figure out.

[PilotofBTC]

Im in the process of getting some BTC so i can get some Naut, just getting setup at this point.
I downloaded the OSX wallet yesterday and it synced relatively quick then i encrypted it (have no coin in there so not sure if i should have even bothered).

This is very important, and it is good that you did it. While you have no coin now, the wallet.dat file is the keys to your kinddom. You must protect it by:

1. Encrypting it with a strong password. Protect this password. Don't put it in a text file on your PC. If you do store it somewhere, make sure that is encrypted with another password, like in a password manager like LastPass or 1Password or Keepass.

2. Backing it up.

It sounds like you did step 1. Also make sure you do step 2.

So, yes, you are doing the correct things. Also, make sure you do step 2 often. Normally the wallet.dat isn't modified, but it might be if you do a spend. (I'm not sure if this wallet has additional change address pre-generted or not.) But, I re-back mine up after I do any spend and after I add any receive addresses or send addresses.

Also you can double-check your password is correct before sending coins, just try to send and it asks for your password. Might sound stupid but I saved the wrong password for my ltc wallet and it took me two days to figure out.

If you can unlock the wallet, then you have the correct password. But, yes, verify you can do that before you send any coins to one of your addresses.

[newra]

Im in the process of getting some BTC so i can get some Naut, just getting setup at this point.
I downloaded the OSX wallet yesterday and it synced relatively quick then i encrypted it (have no coin in there so not sure if i should have even bothered).

This is very important, and it is good that you did it. While you have no coin now, the wallet.dat file is the keys to your kinddom. You must protect it by:

1. Encrypting it with a strong password. Protect this password. Don't put it in a text file on your PC. If you do store it somewhere, make sure that is encrypted with another password, like in a password manager like LastPass or 1Password or Keepass.

2. Backing it up.

It sounds like you did step 1. Also make sure you do step 2.

So, yes, you are doing the correct things. Also, make sure you do step 2 often. Normally the wallet.dat isn't modified, but it might be if you do a spend. (I'm not sure if this wallet has additional change address pre-generted or not.) But, I re-back mine up after I do any spend and after I add any receive addresses or send addresses.

Also you can double-check your password is correct before sending coins, just try to send and it asks for your password. Might sound stupid but I saved the wrong password for my ltc wallet and it took me two days to figure out.

If you can unlock the wallet, then you have the correct password. But, yes, verify you can do that before you send any coins to one of your addresses.

Damn you guys beat me to that tip
Also make sure you backup every time you send something from your wallet. (This is has to do with how change addresses are managed)

[whatdidshedo]

Im in the process of getting some BTC so i can get some Naut, just getting setup at this point.
I downloaded the OSX wallet yesterday and it synced relatively quick then i encrypted it (have no coin in there so not sure if i should have even bothered).

This is very important, and it is good that you did it. While you have no coin now, the wallet.dat file is the keys to your kinddom. You must protect it by:

1. Encrypting it with a strong password. Protect this password. Don't put it in a text file on your PC. If you do store it somewhere, make sure that is encrypted with another password, like in a password manager like LastPass or 1Password or Keepass.

2. Backing it up.

It sounds like you did step 1. Also make sure you do step 2.

So, yes, you are doing the correct things. Also, make sure you do step 2 often. Normally the wallet.dat isn't modified, but it might be if you do a spend. (I'm not sure if this wallet has additional change address pre-generted or not.) But, I re-back mine up after I do any spend and after I add any receive addresses or send addresses.

Also you can double-check your password is correct before sending coins, just try to send and it asks for your password. Might sound stupid but I saved the wrong password for my ltc wallet and it took me two days to figure out.

If you can unlock the wallet, then you have the correct password. But, yes, verify you can do that before you send any coins to one of your addresses.

Damn you guys beat me to that tip
Also make sure you backup every time you send something from your wallet. (This is has to do with how change addresses are managed)

are you sure? i don't think you have to back up after each transaction

[IncreaseMyT]

the 1 week and 3 day chart look magnificent

[IncreaseMyT]

Im in the process of getting some BTC so i can get some Naut, just getting setup at this point.
I downloaded the OSX wallet yesterday and it synced relatively quick then i encrypted it (have no coin in there so not sure if i should have even bothered).

This is very important, and it is good that you did it. While you have no coin now, the wallet.dat file is the keys to your kinddom. You must protect it by:

1. Encrypting it with a strong password. Protect this password. Don't put it in a text file on your PC. If you do store it somewhere, make sure that is encrypted with another password, like in a password manager like LastPass or 1Password or Keepass.

2. Backing it up.

It sounds like you did step 1. Also make sure you do step 2.

So, yes, you are doing the correct things. Also, make sure you do step 2 often. Normally the wallet.dat isn't modified, but it might be if you do a spend. (I'm not sure if this wallet has additional change address pre-generted or not.) But, I re-back mine up after I do any spend and after I add any receive addresses or send addresses.

Also you can double-check your password is correct before sending coins, just try to send and it asks for your password. Might sound stupid but I saved the wrong password for my ltc wallet and it took me two days to figure out.

If you can unlock the wallet, then you have the correct password. But, yes, verify you can do that before you send any coins to one of your addresses.

Damn you guys beat me to that tip
Also make sure you backup every time you send something from your wallet. (This is has to do with how change addresses are managed)

are you sure? i don't think you have to back up after each transaction

yes back up after every transact.  or at least the first 3

[scrypto]

Im in the process of getting some BTC so i can get some Naut, just getting setup at this point.
I downloaded the OSX wallet yesterday and it synced relatively quick then i encrypted it (have no coin in there so not sure if i should have even bothered).

This is very important, and it is good that you did it. While you have no coin now, the wallet.dat file is the keys to your kinddom. You must protect it by:

1. Encrypting it with a strong password. Protect this password. Don't put it in a text file on your PC. If you do store it somewhere, make sure that is encrypted with another password, like in a password manager like LastPass or 1Password or Keepass.

2. Backing it up.

It sounds like you did step 1. Also make sure you do step 2.

So, yes, you are doing the correct things. Also, make sure you do step 2 often. Normally the wallet.dat isn't modified, but it might be if you do a spend. (I'm not sure if this wallet has additional change address pre-generted or not.) But, I re-back mine up after I do any spend and after I add any receive addresses or send addresses.

Also you can double-check your password is correct before sending coins, just try to send and it asks for your password. Might sound stupid but I saved the wrong password for my ltc wallet and it took me two days to figure out.

If you can unlock the wallet, then you have the correct password. But, yes, verify you can do that before you send any coins to one of your addresses.

Damn you guys beat me to that tip
Also make sure you backup every time you send something from your wallet. (This is has to do with how change addresses are managed)

are you sure? i don't think you have to back up after each transaction

I read somewhere that bitcoin type clients use a a range of hidden internal addresses that you dont see, and that after so many transactions keys change or something. I remember it being around 20 but that's just the figure I saw.   I'd like to know more about how it works.   I am tending to back up more often after reading about that.

[PilotofBTC]

are you sure? i don't think you have to back up after each transaction

It really depends on how the wallet handles the change addresses. Since the "dev" here isn't the "developer" he really can't tell us.

But, it's easy enough to test. Get a hash of the wallet. Do a send. Take a has of the wallet (maybe even looking at time stamp is enough).

Although that's not 100% accurate. Some wallets reserve a small amount of addresses for change. Say 5. Once these are used up, the next time it needs a change address it will gen 5 more, and put them in your wallet.

Simplest thing to do is back up after any spend. For me, that is very rare. Or, just back it up every day if you are doing a lot of transactions. Better safe than sorry.

[newra]

are you sure? i don't think you have to back up after each transaction

It really depends on how the wallet handles the change addresses. Since the "dev" here isn't the "developer" he really can't tell us.

But, it's easy enough to test. Get a hash of the wallet. Do a send. Take a has of the wallet (maybe even looking at time stamp is enough).

Although that's not 100% accurate. Some wallets reserve a small amount of addresses for change. Say 5. Once these are used up, the next time it needs a change address it will gen 5 more, and put them in your wallet.

Simplest thing to do is back up after any spend. For me, that is very rare. Or, just back it up every day if you are doing a lot of transactions. Better safe than sorry.

Yes that's correct, you don't have to backup after every send. But then again you need to know when your wallet ran out of the generated addresses and created a new one to store the change.

There are other ways to address this (like pre-generating more addresses when the wallet is created), but backing up after every send is the safest option (and I am paranoid )
Also I don't do a lot of sends from my wallets, so it's not too much of a hassle for me to do every time (which is only a very few times anyway ... long time holder here )

[newra]

I read somewhere that bitcoin type clients use a a range of hidden internal addresses that you dont see, and that after so many transactions keys change or something. I remember it being around 20 but that's just the figure I saw.   I'd like to know more about how it works.   I am tending to back up more often after reading about that.

Check this out:
http://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/

[nutildah]

Why are you posting here if you have nothing constructive or positive to say? Instead, you make rash generalizations that are irrelevant to the conversation. I disagree with much of what you say, but I have the decency to not hijack this thread for my own personal agenda. Nautiluscoin has a lot of good things going for it. Let's keep it that way.

Because I was responding to a question.

[scrypto]

I read somewhere that bitcoin type clients use a a range of hidden internal addresses that you dont see, and that after so many transactions keys change or something. I remember it being around 20 but that's just the figure I saw.   I'd like to know more about how it works.   I am tending to back up more often after reading about that.

Check this out:
http://bitzuma.com/posts/five-ways-to-lose-money-with-bitcoin-change-addresses/

thanks man 

[nutildah]

Ugg... And now Brian Kelly is pro-regulation?

Gross. This is the antithesis of what cryptocurrency is all about.

The reason why cryptocurrency is necessitated is because Wall Street has hijacked everyone's ability to conduct business in terms of dollars in a fair, transparent manner.

Public opinion hasn't had an effect on legislative outcomes for almost 4 decades because our laws are written by lobbyists. You'd have to be naive to not understand this by now.

So once official, federally-mandated regulation is in place, who is it more likely to be helping? Be honest with yourself.

I don't know if you guys have noticed, but the users of coins aren't exactly clamoring for regulation. To my knowledge, BK is the ONLY one who is.

I'm out.

[Doging]

Ugg... And now Brian Kelly is pro-regulation?

Gross. This is the antithesis of what cryptocurrency is all about.

The reason why cryptocurrency is necessitated is because Wall Street has hijacked everyone's ability to conduct business in terms of dollars in a fair, transparent manner.

Public opinion hasn't had an effect on legislative outcomes for almost 4 decades because our laws are written by lobbyists. You'd have to be naive to not understand this by now.

So once official, federally-mandated regulation is in place, who is it more likely to be helping? Be honest with yourself.

I don't know if you guys have noticed, but the users of coins aren't exactly clamoring for regulation. To my knowledge, BK is the ONLY one who is.

I'm out.

I see people like iconic expert ripping kids off every day and a part of me thinks he needs locking up. Right now it's perfectly legal isn't it?

[BTCrawl]

Ugg... And now Brian Kelly is pro-regulation?

Gross. This is the antithesis of what cryptocurrency is all about.

The reason why cryptocurrency is necessitated is because Wall Street has hijacked everyone's ability to conduct business in terms of dollars in a fair, transparent manner.

Public opinion hasn't had an effect on legislative outcomes for almost 4 decades because our laws are written by lobbyists. You'd have to be naive to not understand this by now.

So once official, federally-mandated regulation is in place, who is it more likely to be helping? Be honest with yourself.

I don't know if you guys have noticed, but the users of coins aren't exactly clamoring for regulation. To my knowledge, BK is the ONLY one who is.

I'm out.

We have about one scam a day with people creating coins with hidden malware, hidden premines, devs lying about features, pumps and dumps etc. In my opinion some form of regulation will be a good thing to help differentiate the more serious projects from all the scams.

Of course you'll still have your anonymous coins created by anonymous devs, and that's fine for what it is. But Nautiluscoin isn't intended to be used as a way of bringing the government down - it's intended (as far as I know) to be the coin with the highest level of compliance, openness, professionalism and trust. This will make it something that both regular people and high-level investors feel safe enough to invest in, and use as a store of value. If you're uncomfortable with this then it's certainly a good idea to look into other coins. That's the advantage of crypto - there's a coin for everyone

[scrypto]

Ugg... And now Brian Kelly is pro-regulation?

Gross. This is the antithesis of what cryptocurrency is all about.

The reason why cryptocurrency is necessitated is because Wall Street has hijacked everyone's ability to conduct business in terms of dollars in a fair, transparent manner.

Public opinion hasn't had an effect on legislative outcomes for almost 4 decades because our laws are written by lobbyists. You'd have to be naive to not understand this by now.

So once official, federally-mandated regulation is in place, who is it more likely to be helping? Be honest with yourself.

I don't know if you guys have noticed, but the users of coins aren't exactly clamoring for regulation. To my knowledge, BK is the ONLY one who is.

I'm out.

So I'm actually in NAUT because of the regulatory thing  I want some regulation so investors/hedge funds buy in and I get a return at some point for having the balls to invest a considerable sum into something good that doesn't even work properly yet.

Personally I think the NY reg. doc I saw earlier sucks.   It needs some work to say the least.

There's plenty of other cryptos like cloak, dark which will likely stay under the radar.  There's room for several ecosystems. I'd like to benefit from all of them.

[Doging]

Ugg... And now Brian Kelly is pro-regulation?

Gross. This is the antithesis of what cryptocurrency is all about.

The reason why cryptocurrency is necessitated is because Wall Street has hijacked everyone's ability to conduct business in terms of dollars in a fair, transparent manner.

Public opinion hasn't had an effect on legislative outcomes for almost 4 decades because our laws are written by lobbyists. You'd have to be naive to not understand this by now.

So once official, federally-mandated regulation is in place, who is it more likely to be helping? Be honest with yourself.

I don't know if you guys have noticed, but the users of coins aren't exactly clamoring for regulation. To my knowledge, BK is the ONLY one who is.

I'm out.

So I'm actually in NAUT because of the regulatory thing  I want some regulation so investors/hedge funds buy in and I get a return at some point for having the balls to invest a considerable sum into something good that doesn't even work properly yet.

Personally I think the NY reg. doc I saw earlier sucks.   It need's some work to say the least.

There's plenty of other cryptos like cloak, dark which will likely stay under the radar.  there's room for several ecosystems. I'd like to benefit from all of them.

People wanted bitcoin to be widely accepted and reach new highs, I can't see that happening without some regulation. Buying NAUT then crying on here about regs must be a joke, didn't she read page one?

I know regs are a nightmare but so are blatant scammers. Remember when fontase got featured in NY Times and disappeared? The daily mail will have a field day and crypto will suffer when these stories go mainstream. These scams are happening every day now, bigger players must be a little concerned even if they don't show it.

[EssTee]

Thanks for all the help on my questions everyone. Awesome community!

[nutildah]

I see people like iconic expert ripping kids off every day and a part of me thinks he needs locking up. Right now it's perfectly legal isn't it?

No, its not legal at all. Theft is theft.

So I'm actually in NAUT because of the regulatory thing   I want some regulation so investors/hedge funds buy in and I get a return at some point for having the balls to invest a considerable sum into something good that doesn't even work properly yet.

Look, the reason why cryptocurrency exists is because Wall Street sucks. It is 99.9% evil, filled to the brim with spoiled scoundrels who care more about money more life itself. They are destroying the rest of the planet so they can have WAAAYYY too much, and you basically just want to congratulate them and validate their efforts.

Why are you trying so hard to bring Wall Street into the very thing that was trying to get away from it?

People wanted bitcoin to be widely accepted and reach new highs, I can't see that happening without some regulation.

I can see it happening because it already is.
 

[Doging]

I see people like iconic expert ripping kids off every day and a part of me thinks he needs locking up. Right now it's perfectly legal isn't it?

No, its not legal at all. Theft is theft.

So I'm actually in NAUT because of the regulatory thing  I want some regulation so investors/hedge funds buy in and I get a return at some point for having the balls to invest a considerable sum into something good that doesn't even work properly yet.

Look, the reason why cryptocurrency exists is because Wall Street sucks. It is 99.9% evil, filled to the brim with spoiled scoundrels who care more about money more life itself. They are destroying the rest of the planet so they can have WAAAYYY too much, and you basically just want to congratulate them and validate their efforts.

Why are you trying so hard to bring Wall Street into the very thing that was trying to get away from it?

People wanted bitcoin to be widely accepted and reach new highs, I can't see that happening without some regulation.

I can see it happening because it already is.
 

I remember the first senate hearings, that's when talk of regulation went mainstream. The price spiked when it looked like it was going to get the green light.