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

[folhowk]

Let me guess, still no POS?

Rumor from Collin is it's coming today,  but it all depends on blocktech time.

[whatdidshedo]

Let me guess, still no POS?

i must say all these rumors tweets helped me nicely to swing some trades so pos(it will come one day ) or not , i',m still 2;0 in the season lol

new tweet https://twitter.com/BryceWeiner/status/512641526678032384

[danmartinez1287]

Hey guys I need help recovering my Naut coins I have a back up wallet.dat file and replace the new one with the one I saved with my Naut balance but still my Naut balance shows at 0.

Can anyone help me with this?

Im also not so proficient on computers like some of you guys are so bare with me.

If you can help me I will send you some Naut.

Thanks,
Danny

[whatdidshedo]

Hey guys I need help recovering my Naut coins I have a back up wallet.dat file and replace the new one with the one I saved with my Naut balance but still my Naut balance shows at 0.

Can anyone help me with this?

Im also not so proficient on computers like some of you guys are so bare with me.

If you can help me I will send you some Naut.

Thanks,
Danny

wait until is synced i assume it will show up (i hope)

[IncreaseMyT]

you guys know why right? Hint has nothing to do with the fact its done.

[BK_PHI]

PoS Update

We are very close to the PoS switch. As such I want the community to have the first look at the white paper explaining the algorithmic monetary policy that Nautiluscoin will employ. Keep in mind this document is written for the general public - the specs will be released soon.

Abstract

As pointed out by the Bank of England in its Quarterly Bulletin 2014 Q3 “The Economics of
Digital Currencies”, Bitcoin faces three challenges:

1) Volatility 2) Sustainability of Low Transaction Fees 3) Limitations of a Fixed Money Supply.

Nautiluscoin was designed to address and eliminate the challenges faced by Bitcoin. This
document serves an introduction to the three pronged approach employed by
Nautiluscoin to reduce volatility, maintain low fees and regulate money supply.

The Nautiluscoin Stability Fund seeks to reduce volatility, while the Proof of Stake
algorithm does away with the need for expensive mining equipment. Additionally, at the
heart of the Proof of Stake reward calculation is an algorithmic monetary policy that
adjusts money supply with demand.

Link to full paper

http://bit.ly/1mjaFny

Enjoy!

BK

[langvad]

PoS Update

We are very close to the PoS switch. As such I want the community to have the first look at the white paper explaining the algorithmic monetary policy that Nautiluscoin will employ. Keep in mind this document is written for the general public - the specs will be released soon.

Abstract

As pointed out by the Bank of England in its Quarterly Bulletin 2014 Q3 “The Economics of
Digital Currencies”, Bitcoin faces three challenges:

1) Volatility 2) Sustainability of Low Transaction Fees 3) Limitations of a Fixed Money Supply.

Nautiluscoin was designed to address and eliminate the challenges faced by Bitcoin. This
document serves an introduction to the three pronged approach employed by
Nautiluscoin to reduce volatility, maintain low fees and regulate money supply.

The Nautiluscoin Stability Fund seeks to reduce volatility, while the Proof of Stake
algorithm does away with the need for expensive mining equipment. Additionally, at the
heart of the Proof of Stake reward calculation is an algorithmic monetary policy that
adjusts money supply with demand.

Link to full paper

/1mjaFny]http://[Suspicious link removed]/1mjaFny

Enjoy!

BK

Great news, cant wait till its finally done

[AdamJohnston_]

Its like when someone put up a hacking tutorial and then says its only for educational purposes

[FlyingMongoose]

So, to those who are interested to know, the multipool will support the following algorithms:

SHA-256, Scrypt, and X11

[raithe]

Nautiluscoin will be listed on the AltMarket Altcoin Exchange when we launch our open-beta of the site.  Nautilus will have a pairing against all three of our markets (NAUT/BTC, NAUT/RZR, and NAUT/XDQ), opening up some great arbitrage opportunities!

The site will be launching in public-beta very soon, so sign up for the AltMarket Altcoin Exchange Newsletter to stay up to date.  You may also find us on Twitter at http://www.twitter.com/altmarketdotcom or on Reddit at http://www.reddit.com/r/altmarket

[folhowk]

Thoroughly blown away by the whitepaper.  Naut seems like an incredible steal at current prices. Surprised the paper isn't making more of an impact in the community.

[HKBvM]

Its pretty much what I expected. BK somewhere 100 pages or so ago wrote that he wanted to link the interest rate to the economy. Economy in this case had to be the transactions.

This system makes more sense than the other variable interest rate systems. Those were mainly created to get people to stake their coins. While that is important, they were not motivated by any economic intention. Didnt really work out well anyway as we could see with vrc as the benefit from actively trading is much bigger than 5% interest rate per year (at least everyone of us likes to think that).

The real question will be if BK can succeed to bring in investors from outside cryptoworld, which wont be easy. POS+NSF will probably be one of the selling points.

We could start a discussion about the economic theory behind it, but it is 2am here. Overall this is a far better whitepaper than what we mostly get to see in cryptoworld.

[FlyingMongoose]

Its pretty much what I expected. BK somewhere 100 pages or so ago wrote that he wanted to link the interest rate to the economy. Economy in this case had to be the transactions.

This system makes more sense than the other variable interest rate systems. Those were mainly created to get people to stake their coins. While that is important, they were not motivated by any economic intention. Didnt really work out well anyway as we could see with vrc as the benefit from actively trading is much bigger than 5% interest rate per year (at least everyone of us likes to think that).

The real question will be if BK can succeed to bring in investors from outside cryptoworld, which wont be easy. POS+NSF will probably be one of the selling points.

We could start a discussion about the economic theory behind it, but it is 2am here. Overall this is a far better whitepaper than what we mostly get to see in cryptoworld.

On a side note, now that this whitepaper is out, the Proof of Stake Wallet (which will be a REQUIRED update I've been told) should be hot on the heels, along with the Multipool (which looks promising and supports SHA-256, Scrypt, and X11 algorithms )


Don't forget to vote
http://www.btc38.com/trade/vote_for_trade.html
https://bter.com/voting
https://hitbtc.com/vote
https://www.swaphole.com/#!voting
http://www.betbycoin.com/coinvotes/

To Do:
Release Proof of Stake Wallet - "Almost Done" (Ref: https://twitter.com/BryceWeiner/status/510104922436947968)
Multipool - "Almost Done" (Ref: https://twitter.com/BryceWeiner/status/510104922436947968)
Mobile Wallet App - (Doesn't NEED to stake, but would be nice).
Official block explorer - The NautInsight one is nice, but it's not marked as official (it wouldn't hurt to have that block explorer moved to the nautiluscoin domain)
Video(s) - Make Nautiluscoin promo videos!
Website update - Front page update
Come up with more plans to get naut into the hands of more people and more in the public eye
Setup public bounty donation wallet

 - Nautiluscoin Community Manager
 - - Note that much of my posts are my own observations and opinions and not necessarily representative of Nautiluscoin itself.
 - Founder of Nautijobs

[coin-cidence]

Rise a kNAUT!

[whatdidshedo]

PoS Update

We are very close to the PoS switch. As such I want the community to have the first look at the white paper explaining the algorithmic monetary policy that Nautiluscoin will employ. Keep in mind this document is written for the general public - the specs will be released soon.

Abstract

As pointed out by the Bank of England in its Quarterly Bulletin 2014 Q3 “The Economics of
Digital Currencies”, Bitcoin faces three challenges:

1) Volatility 2) Sustainability of Low Transaction Fees 3) Limitations of a Fixed Money Supply.

Nautiluscoin was designed to address and eliminate the challenges faced by Bitcoin. This
document serves an introduction to the three pronged approach employed by
Nautiluscoin to reduce volatility, maintain low fees and regulate money supply.

The Nautiluscoin Stability Fund seeks to reduce volatility, while the Proof of Stake
algorithm does away with the need for expensive mining equipment. Additionally, at the
heart of the Proof of Stake reward calculation is an algorithmic monetary policy that
adjusts money supply with demand.

Link to full paper

http://bit.ly/1mjaFny

Enjoy!

BK

nice, even i can understand that paper, it's been written for humans thanks BK

Its pretty much what I expected. BK somewhere 100 pages or so ago wrote that he wanted to link the interest rate to the economy. Economy in this case had to be the transactions.

This system makes more sense than the other variable interest rate systems. Those were mainly created to get people to stake their coins. While that is important, they were not motivated by any economic intention. Didnt really work out well anyway as we could see with vrc as the benefit from actively trading is much bigger than 5% interest rate per year (at least everyone of us likes to think that).

The real question will be if BK can succeed to bring in investors from outside cryptoworld, which wont be easy. POS+NSF will probably be one of the selling points.

We could start a discussion about the economic theory behind it, but it is 2am here. Overall this is a far better whitepaper than what we mostly get to see in cryptoworld.

nicely said

[halinyo]

Did I understand right ? If the aim is to stabilize the price of NAUT within the given algorithm and policy, what is going to be the correct value of this coin ?
One may can just go and buy the whole sell wall and increase the price easily... which indicates the increase in demand. So what does really mean by the stabilizing fund and stabilized value ? I know this coin is assumed to be in its beta phase... but I was just wondering the concepts above mentioned... Cheers.

Ps: The only reason why I don't want to strictly get involved with NAUT is because it is called beta... It makes me think that Naut is not reliable (or say it is too risky ) as stated at the end of the white paper, in Disclaimer.

[FlyingMongoose]

Did I understand right ? If the aim is to stabilize the price of NAUT within the given algorithm and policy, what is going to be the correct value of this coin ?
One may can just go and buy the whole sell wall and increase the price easily... which indicates the increase in demand. So what does really mean by the stabilizing fund and stabilized value ? I know this coin is assumed to be in its beta phase... but I was just wondering the concepts above mentioned... Cheers.

Ps: The only reason why I don't want to strictly get involved with NAUT is because it is called beta... It makes me think that Naut is not reliable (or say it is too risky ) as stated at the end of the white paper, in Disclaimer.

Technically Bitcoin is still in beta (a version number of 0.9.x typically means a non-final release, until the first number is 1 or higher, it's beta).

[HKBvM]

Did I understand right ? If the aim is to stabilize the price of NAUT within the given algorithm and policy, what is going to be the correct value of this coin ?
One may can just go and buy the whole sell wall and increase the price easily... which indicates the increase in demand. So what does really mean by the stabilizing fund and stabilized value ? I know this coin is assumed to be in its beta phase... but I was just wondering the concepts above mentioned... Cheers.

Ps: The only reason why I don't want to strictly get involved with NAUT is because it is called beta... It makes me think that Naut is not reliable (or say it is too risky ) as stated at the end of the white paper, in Disclaimer.

Neither the NSF nor the interest rates are going to prevent the coin find "its price". The NSF is way to small for that, it can only reduce volatility a bit. Changing interest rates at this stage have next to no effect for altcoins. We are used to pricejumps of 20%+ in minutes, thats why the (potential) benefit from having the coins at the exchanges is bigger than the gain from staking. That is a problem for any POS coin, the example I gave was the VRC theft.

Even though the effects of the instruments are rather small now, they are still important because their effect will grow with time if all goes as planed.

a) The NSF is big enough to have a stabilitzing effect on the price right now as is intended. Of course if cryptoworld is in full lemming-panic-mode the NSF isnt going to do much.
b) if Naut is ever going to go mainstream the interest rates will start to have a big effect.

most important

c) The instruments are driven by an economic intention. That is the big difference to most other altcoins which are "just" adding technical features, sometimes interesting ones, most of the time pretty useless other than to hype a coin. The instruments as described in the whitepaper are about the long-run. Now, realisticly, the chances for Naut failing are still pretty big, as is the case for all cryptos, which leads me straight to the disclaimer.


I have no idea why you have problems with that. There are legal reasons why the disclaimer exists.  Besides those, this is the first coin I am aware of that explicitly warns of the risks involved with Naut and cryptos in general. 50 pages back I wrote that as soon as a coin tries to go mainstream - and this is the goal - you have to be honest enough to tell your average john doe that cryptos are probably not the best way to park your live savings or the money you plan to spend on your kids education. It is a highly risky asset, and this should be made clear to anyone who thinks of investing. If you want to avoid that risk, avoid cryptos.

The disclaimer could be assigned to any other coin with very few changes.

[jjj0923]

still wish BK would fork the coin to allow mining to resume....

[FlyingMongoose]

still wish BK would fork the coin to allow mining to resume....

A straight up fork of current state would be stepping backwards (from what I've been told, and yes, I've been told, I'm finally in a bit more of the loop).

The proof of stake move is very close at hand, but I can't say exactly when (because I don't know), but I can say it's very soon.


Don't forget to vote
http://www.btc38.com/trade/vote_for_trade.html
https://bter.com/voting
https://hitbtc.com/vote
https://www.swaphole.com/#!voting
http://www.betbycoin.com/coinvotes/

To Do:
Release Proof of Stake Wallet - "Almost Done" (Ref: https://twitter.com/BryceWeiner/status/510104922436947968)
Multipool - "Almost Done" (Ref: https://twitter.com/BryceWeiner/status/510104922436947968)
Mobile Wallet App - (Doesn't NEED to stake, but would be nice).
Official block explorer - The NautInsight one is nice, but it's not marked as official (it wouldn't hurt to have that block explorer moved to the nautiluscoin domain)
Video(s) - Make Nautiluscoin promo videos!
Website update - Front page update
Come up with more plans to get naut into the hands of more people and more in the public eye
Setup public bounty donation wallet

 - Nautiluscoin Community Manager
 - - Note that much of my posts are my own observations and opinions and not necessarily representative of Nautiluscoin itself.
 - Founder of Nautijobs