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

[halinyo]

I had to sell half of my stash. That is unfortunate but had to do it anyway.

[1714945521]

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[Lord Of The Internet]

I had to sell half of my stash. That is unfortunate but had to do it anyway.

don't worry too much about it.  i already sold the majority of my stash.  Every day that goes by, i'm regretting it less and less.  I've been moving around the money i've made and i kinda wish i'd done it sooner.  Keeping my money in naut ... it was starting to collect dust.

[BitcoinNational]

dusty .. very dusty around here.

premine 'stab' fund weekly statements would be great BK
naut held
btc held

-------

Also what is the POS yield?
2% 5% 10% 50%

that's not a tough Q to address

[cypz]

dusty .. very dusty around here.

premine 'stab' fund weekly statements would be great BK
naut held
btc held

100k + wall trex someone wants out and i dont blame them

i really wish some decent communication would happen, seems like everyone that believes in this coin is just being hung out to dry.

i dont understand why communication has dropped off soo much.

whats in store for the future ?

whens POS ?

Whens these trading bots coming to provide liquidity?

give us some reasons hold this coin.

are there anymore more ideas to promote naut in any way ??

its pretty much pointless holding this coin atm with thriving communities in other areas of crypto with on going development. It makes this coin look like a joke.

Bk says hes committed to the coin but nothing has happened for ages just carrot on a stick communication. SOON SOON SOON...........

the 3 prong approach should only be the beginning not the selling point of naut. We as holders of the coin cant do shit either cuz we dont know wats going on..... some fkn community......

the book release aint going to do shit imo and we could still be waiting for POS

i dont want the usual "blah blah blah" i want to see some action cuz this is seriously feeling like a scam

 

[FlyingMongoose]

dusty .. very dusty around here.

premine 'stab' fund weekly statements would be great BK
naut held
btc held

100k + wall trex someone wants out and i dont blame them

i really wish some decent communication would happen, seems like everyone that believes in this coin is just being hung out to dry.

i dont understand why communication has dropped off soo much.

whats in store for the future ?

whens POS ?

Whens these trading bots coming to provide liquidity?

give us some reasons hold this coin.

are there anymore more ideas to promote naut in any way ??

its pretty much pointless holding this coin atm with thriving communities in other areas of crypto with on going development. It makes this coin look like a joke.

Bk says hes committed to the coin but nothing has happened for ages just carrot on a stick communication. SOON SOON SOON...........

the 3 prong approach should only be the beginning not the selling point of naut. We as holders of the coin cant do shit either cuz we dont know wats going on..... some fkn community......

the book release aint going to do shit imo and we could still be waiting for POS

i dont want the usual "blah blah blah" i want to see some action cuz this is seriously feeling like a scam

You know if I had more information I'd happily give it,  unfortunately I do not other than I'm still working on my own projects.

[Saintgermaine1]

Not sure if this has made it to the forum but saw this link and thought it was worth a post , its for BK's book chaper 7,8,9  NAUTI!!
http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118963660.html
Table of Contents
Preface xi

Acknowledgments xiii

About the Author xv

Chapter 1 Bitcoin Is a Bubble 1

The Quest to Buy Bitcoin 3

Bitcoin Enlightenment 6

Currencies Are a Matter of Trust 8

What Is Bitcoin? 10

Is It a Currency? 13

It’s Revolutionary 17

Chapter 2 Understanding the Digital Gold Rush 19

The Language of Bitcoin 22

How Do I Buy Bitcoin? 26

Who “Gets” It? 30

The Gold Rush Is Just Starting 31

Chapter 3 Bitcoin Is More than Digital Gold 33

Searching for Satoshi 34

The Search 37

Why Is Satoshi a Genius? 44

Bigger than Satoshi 46

Chapter 4 Byzantine Generals’ Problem 49

How Does Bitcoin Solve the BGP? 52

51 Percent Attack 55

An Elegant Solution 57

Chapter 5 A Decentralized Financial System 59

Grand De-Central Station 63

What’s at Stake? 69

Central Banks 72

Bitcoin Is the Catalyst 73

Chapter 6 What Do You Call a Bitcoin Miner? A Banker 75

How Does a Bitcoin Transaction Work? 77

What Is Cryptography? 78

Still Want to Be a Miner? 82

Do We Need Another Bitcoin? 88

Chapter 7 Nautiluscoin—0 to $1 Million in 60 Days 91

Creating the Coin 94

Did It Work? 104

Chapter 8 Building the Nautiluscoin Economy 107

Dynamic Proof-of-Stake 110

Other Policy Tools 113

Alternative to Gold 115

Money, Made Better 116

Financial Market Integration 117

Special Drawing Rights 119

Why NAUT? 119

Chapter 9 Investing and Trading in Alternative Currencies 121

A New Investment Class 123

Valuation 129

Exchanges 133

Investment Vehicles 134

Asset Class Growth 136

Chapter 10 Regulation 139

Regulatory Agencies 140

Challenges to Regulation 147

Pushing on a String 147

Chapter 11 Smart Money: Set It and Forget It 149

Rules of the Road 151

Smart Contracts and Property 152

Ethereum 155

Cryptoequities: A New Type of Investment 160

Decentralized Autonomous Organizations 161

Professor Money 162

Chapter 12 Everything You Know about Business Is Wrong 163

Cryptonomics 166

Growth Share Matrix 169

Learning Curve Effects 171

Porter’s Three Generic Strategies 172

Human Resource Management 173

Fueling the Sharing Economy 174

The Future Just Might Work 176

[FlyingMongoose]

Not sure if this has made it to the forum but saw this link and thought it was worth a post , its for BK's book chaper 7,8,9  NAUTI!!
http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118963660.html
Cut down for cleaner post, click the post ID at the top of the quote to see original

Nice catch!

[PilotofBTC]

dusty .. very dusty around here.

premine 'stab' fund weekly statements would be great BK
naut held
btc held

-------

Also what is the POS yield?
2% 5% 10% 50%

that's not a tough Q to address

It's isn't a flat percentage. It is based on the money supply and usage. Did you read the white paper?

http://static.squarespace.com/static/53593f0be4b0c3ad738404f5/t/541b30fae4b03814779c9256/1411068154967/Nautiluscoin%20White%20Paper.pdf

[chocobo]

I wonder what connection he is making in the Special Drawing Rights section. That is certainly interesting for Nautilus.

[popticu]

A bittrex chart for NAUT on bitcoinwisdom would be nice.

[halinyo]

I had to sell the rest of my NAUT for some other investment.... So good luck with this coin. If I can get back later, I will try.
Regards,

[cinnamon_carter]

originally ....
* Scrypt
* 159.39 coins per block
* 1 minute block target
* 16,180,000 total coins
* 1% reduction every week
* DigiShield difficulty retargeting
* 1% premine

from the source https://github.com/nautiluscoin/nautiluscoin/blob/development/src/main.h

int64_t GetBlockValue(int nHeight, int64_t nFees)
{
int64_t nSubsidy = COIN;
if(nHeight < nDiffChangeTarget) {
//Reward is 3236 1st 50 blocks.
nSubsidy = 3236 * COIN;
} else if ( nHeight >= PROOF_OF_WORK_FORK_BLOCK){
nSubsidy = GetNAUTSubsidy_V2(nHeight);
} else if ( nHeight < PROOF_OF_WORK_FORK_BLOCK ){
nSubsidy = GetNAUTSubsidy(nHeight);
} else {
//Drop reward to zero once total amount has been minted
nSubsidy = 0;
}
return nSubsidy + nFees;
}

so first 50 blocks paid 161,800 , what is the block award now and total money supply  

Be skeptical of coins that change large paramaters after launch .....  1% reduction a week,  i guess something happend ....

[Vlad2Vlad]

so first 50 blocks paid 161,800 , what is the block award now and total money supply  

Be skeptical of coins that change large paramaters after launch .....  1% reduction a week,  i guess something happend ....

Don't worry cinnamon, Bryce Wiener is hard at work [for nearly 2 months now with no results] to give Nautilus a new and innovative "dynamic PoS" system.

It's hard for me to talk about Bryce [a guy who can't get a simple wallet to compile] and innovation without bursting out in laughter.  lol

[jrich76]

So does anyone know what's up with Bryce disappearing from Blocktech's website? Who is working on NAUT now?

[sgi02]

So does anyone know what's up with Bryce disappearing from Blocktech's website? Who is working on NAUT now?

Interesting catch. Is there any official statement from Blocktech or Bryce?

[Saintgermaine1]

not looking good for all coins Bryce has been working with, no news from bryce, blocktech, or Brian Kelly, Naut down 30% atm on bittrex

[whatdidshedo]

who cares about Bryce, he was working for company BK hired, how hard is it to hire someone else (third time is the charm lol)

[folhowk]

What do you know, Bryce turned out to be full of shit.  If only people were warned months ago 

[Saintgermaine1]

who cares about Bryce, he was working for company BK hired, how hard is it to hire someone else (third time is the charm lol)

The only thing about that is that Brian Kelly and Blocktech, and Bryce Wiener are all allowing this FUD dumping to continue with no statements or information.

 Not very responsive to an obviously bad situation. Going forward how confident are people going to be if BK makes no statement regarding this situation. Of course we can get another dev to take over the coin development. But in this situation I think it's more about responding to the situation. Or lack there of. Imagine one the lead software engineers at Apple suddenly going MIA. Right as Apple was about to announce a significant new development, the stock price plummeting 30% based on FUD. And no one saying anyhting in a timely manner. I understand this aint wall street. But sure makes me feel like the timeline for serious investors to enter Alt's, especially now Naut as further out then I had hoped.

[IncreaseMyT]

its been disappointing to say the least, that we still don't have POS