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BTCrawl
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July 26, 2014, 06:25:49 PM |
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Community has also grown with the POS difficulties, that's worth mentioning because this thread was fairly quiet before. Does dynamic POS mean people with bigger wallets get more interest?
No. I think BK's original wish was to link the PoS reward rate to some external financial instrument like t-bill's or something. That said, I can't see how that is possible without some centralized server each wallet would have to get the rate from. He also said he'd like to link it to supply and demand back in the thread. If it was a widely available rate would it still have to go through a centralized server? I guess to avoid someone messing with it or something? Think we're going to need Bryces and Brians input on this as we're all just speculating at this point  |
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BTCrawl
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July 26, 2014, 08:09:00 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
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Doging
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July 26, 2014, 08:23:12 PM |
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Community has also grown with the POS difficulties, that's worth mentioning because this thread was fairly quiet before. Does dynamic POS mean people with bigger wallets get more interest?
No. I think BK's original wish was to link the PoS reward rate to some external financial instrument like t-bill's or something. That said, I can't see how that is possible without some centralized server each wallet would have to get the rate from. He also said he'd like to link it to supply and demand back in the thread. If it was a widely available rate would it still have to go through a centralized server? I guess to avoid someone messing with it or something? Think we're going to need Bryces and Brians input on this as we're all just speculating at this point Could he have something innovative planned with POS? https://twitter.com/BrianKellyBK/status/493127724081238017 |
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BTCrawl
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July 26, 2014, 08:49:37 PM |
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Community has also grown with the POS difficulties, that's worth mentioning because this thread was fairly quiet before. Does dynamic POS mean people with bigger wallets get more interest?
No. I think BK's original wish was to link the PoS reward rate to some external financial instrument like t-bill's or something. That said, I can't see how that is possible without some centralized server each wallet would have to get the rate from. He also said he'd like to link it to supply and demand back in the thread. If it was a widely available rate would it still have to go through a centralized server? I guess to avoid someone messing with it or something? Think we're going to need Bryces and Brians input on this as we're all just speculating at this point Could he have something innovative planned with POS? https://twitter.com/BrianKellyBK/status/493127724081238017Nice catch And I'm sure he does. He did say that Blocktech thought it possible to implement his original idea of a dynamic PoS. As I've posted previously that will give Nautiluscoin both a technical and economical advantage, so I'm super stoked to see what they're planning! We'll probably not see too much yet though to avoid copycats  |
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nutildah
Legendary
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Activity: 3066
Merit: 8235
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July 26, 2014, 08:52:10 PM |
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They're planning on moving your money to their pockets, that's what they're doing.
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hardcoreprime
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July 26, 2014, 08:57:56 PM |
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Hi Everyone, Just got back from my holidays in Dublin and I was actually up close and personal with a Bitcoin ATM!! I spoke the guy about transactions and he said that they don't get very many people buying with Bitcoin, but they do very well on selling Bitcoins. Anyways, i just wanted to give everyone a final update on the Facebook ad campaign. Overall with the original funds and the donations, we managed to get 579 clicks and over 129,000 impressions. Way to go!! If you all looking at the donation address, i have decided to keep the Naut, but instead use my own fiat cash to purchase the extra advertising. I am keeping all of my Naut for a while yet and will buy more very soon. Thanks for all of your help. See the image below for the final Facebook Tally's  |
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BK_PHI (OP)
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July 27, 2014, 12:05:59 PM |
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PoS Update Quick Teaser - The plan has always been for NAUT to compete with economics. With Blocktech we should be able to compete better technically as well. I have learned my lesson about giving too much info before I find out if it is technically feasible....soooo.... I can only give a teaser on PoS. PoS will be based on sound economic principles which should make NAUT a strong stable currency. Additionally, as institutional investor money enters digital currencies NAUT will have an economic backing that investors can understand. Much like the United States during the 1980's, the NAUT economy will have a strong currency policy. We will have at least three (hopefully more) different monetary policy tools to continually support NAUT and achieve our goal of increasing purchasing power. My hope/plan is to be able to code this strong currency policy into NAUT so that it can never be changed. The hallmark of the NAUT economy will be a strong currency and free market capitalism. -BK |
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BTCrawl
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July 27, 2014, 01:07:27 PM |
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PoS Update Quick Teaser - The plan has always been for NAUT to compete with economics. With Blocktech we should be able to compete better technically as well. I have learned my lesson about giving too much info before I find out if it is technically feasible....soooo.... I can only give a teaser on PoS. PoS will be based on sound economic principles which should make NAUT a strong stable currency. Additionally, as institutional investor money enters digital currencies NAUT will have an economic backing that investors can understand. Much like the United States during the 1980's, the NAUT economy will have a strong currency policy. We will have at least three (hopefully more) different monetary policy tools to continually support NAUT and achieve our goal of increasing purchasing power. My hope/plan is to be able to code this strong currency policy into NAUT so that it can never be changed. The hallmark of the NAUT economy will be a strong currency and free market capitalism. -BK Very cool Thank you. Were they able to give you an approximate timeframe, or is it still too early to say? |
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halinyo
Legendary
Offline
Activity: 1106
Merit: 1000
The future is bright with DigiByte.
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July 27, 2014, 01:22:56 PM |
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PoS Update Quick Teaser - The plan has always been for NAUT to compete with economics. With Blocktech we should be able to compete better technically as well. I have learned my lesson about giving too much info before I find out if it is technically feasible....soooo.... I can only give a teaser on PoS. PoS will be based on sound economic principles which should make NAUT a strong stable currency. Additionally, as institutional investor money enters digital currencies NAUT will have an economic backing that investors can understand. Much like the United States during the 1980's, the NAUT economy will have a strong currency policy. We will have at least three (hopefully more) different monetary policy tools to continually support NAUT and achieve our goal of increasing purchasing power. My hope/plan is to be able to code this strong currency policy into NAUT so that it can never be changed. The hallmark of the NAUT economy will be a strong currency and free market capitalism. -BK A little too late. But still good news, thank you for that. The price now will only increase when there is a solid development in hand. No more virtual thoughts will work here. Sorry BK. |
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BitcoinNational
Legendary
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Activity: 1470
Merit: 1010
Join The Blockchain Revolution In Logistics
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July 27, 2014, 01:39:16 PM |
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community man
i predict a wave of thread spam
fore see i do the need for a brief on pos/dev updates
team ix nice to see you timely fud on bryce, what's the back story on the h8te?
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IncreaseMyT
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July 27, 2014, 02:12:55 PM |
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They're planning on moving your money to their pockets, that's what they're doing.
Alright bro we heard you 5x, we have heard your conspiracy theory...... now GTFO |
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Doging
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July 27, 2014, 02:51:30 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. |
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BTCrawl
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July 27, 2014, 03:25:59 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God  I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! |
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CryptoLTD
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July 27, 2014, 03:28:09 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! Thank god the block chain is stuck? Never heard that one before. That is unless your an opportunist P&D scammer. |
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BTCrawl
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July 27, 2014, 03:32:05 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! Thank god the block chain is stuck? Never heard that one before. That is unless your an opportunist P&D scammer. Wait, I thoght you thought that Bryce was the scammer? Do you think I'm Bryce, or am I also a scammer now? Or are you just trolling? I think I'll go with the last one. |
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CryptoLTD
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July 27, 2014, 03:34:32 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! Thank god the block chain is stuck? Never heard that one before. That is unless your an opportunist P&D scammer. Wait, I thoght you thought that Bryce was the scammer? Do you think I'm Bryce, or am I also a scammer now? Or are you just trolling? I think I'll go with the last one. Bryce Weiner is one of many.l Do I think your Bryce: Dosent matter if you are or arent. Glad to see a block chain stuck = nuts. |
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BTCrawl
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July 27, 2014, 03:40:10 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! Thank god the block chain is stuck? Never heard that one before. That is unless your an opportunist P&D scammer. Wait, I thoght you thought that Bryce was the scammer? Do you think I'm Bryce, or am I also a scammer now? Or are you just trolling? I think I'll go with the last one. Bryce Weiner is one of many.l Do I think your Bryce: Dosent matter if you are or arent. Glad to see a block chain stuck = nuts. It's certainly not nuts if it means it limits the coin supply until the PoS transition. |
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CryptoLTD
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July 27, 2014, 03:42:48 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! Thank god the block chain is stuck? Never heard that one before. That is unless your an opportunist P&D scammer. Wait, I thoght you thought that Bryce was the scammer? Do you think I'm Bryce, or am I also a scammer now? Or are you just trolling? I think I'll go with the last one. Bryce Weiner is one of many.l Do I think your Bryce: Dosent matter if you are or arent. Glad to see a block chain stuck = nuts. It's certainly not nuts if it means it limits the coin supply until the PoS transition. Like I said, it's nuts. |
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FlyingMongoose
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July 27, 2014, 03:42:56 PM |
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Damn, a ton of blocks are being solved right now. We'll soon be at 5 million coins :/
That was last night, last block was solved four hours ago. Thank God I thought the Digishield issue had been fixed or something, and we'd have a ton of coins entering the market! Thank god the block chain is stuck? Never heard that one before. That is unless your an opportunist P&D scammer. Wait, I thoght you thought that Bryce was the scammer? Do you think I'm Bryce, or am I also a scammer now? Or are you just trolling? I think I'll go with the last one. Bryce Weiner is one of many.l Do I think your Bryce: Dosent matter if you are or arent. Glad to see a block chain stuck = nuts. It ultimately, means less coins on the market prior to proof of stake. Decreasing supply. Making the only real thing necessary to increase value is increase demand. |
qoinpro.com/951c974b34f66cc68e805832df0c9d8c
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CryptoLTD
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July 27, 2014, 03:48:26 PM |
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Price drives demand, theres no price. Rarity does not make anything more valuable. Thats what manipulators want everyone to think. This is gambling, nothing more, nothing less. Fooling yourselves day after day coin after coin, algo after algo, grand scheme after grand scheme. Even BTC dosent recover from dumps fast, why.. because it has artificial value.
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