Quote from: BK_PHI on May 10, 2014, 12:31:35 AM

Quote from: creativecuriosity on May 09, 2014, 10:34:04 PM

Quote from: PilotofBTC on May 09, 2014, 09:39:24 PM

Quote from: FlyingMongoose on May 09, 2014, 09:36:02 PM

Quote from: CrypJ on May 09, 2014, 08:27:16 PM

Will the Nautiluscoin Stabilization Fund ever be used to suppress the price if it is growing too fast or is it just used for buy pressure?

From what I understand of the fund, it seems to try to enforce a floor when it buys or sells. And since the fund (and "Official" price) is based off of AGX, I'm sure the fund is automated, since AGX has a nice automation API.

BK has said the NSF is currently manual. He plans to automate it later.

In my honest opinion, the fund is better off at least semi-manual at the moment. Brian Kelley, the founder of NautilusCoin is a proven mind in the investment world; with legitimate trading credentials. An automation system fully fleshed out by the mind and intentions of Mr. Kelley would certainly be a boon to the community; but a rush to automation is ignoring and forgoing the fact that manual control is not a dirty word.

By manual operating the pool, I am trying to avoid trading bots gaming the buy and sell orders...once the market becomes more mature I will automate the NSF. The inspiration for the NSF Hayek's 'The Denationalization of Money' http://en.wikipedia.org/wiki/The_Denationalization_of_Money He advocated for private currencies and that consumers would gravitate to the most stable currency.

I have to say, I do enjoy the fact that you have a large, well, encyclopedia, of knowledge of these things for you to back up your methods and development of this coin, it's definitely helping the growth :-)