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

When does mining end for NAUT?

Probably not any time soon, were at 3.3m?
Someone...some THING has been dumping for like 2 weeks.

Then there's also XDQ to worry about.
Why its paired with NAUT? I will never understand

It could be XDQ Miners dumping to NAUT then dumping to BTC, but ultimately complaining about dumps and other coins is counter-productive to improving this one. Lets brainstorm peoples. I've already PM'd BK my idea on what I'm building, and I am not yet prepared to announce it. But lets start looking at options, I also posted some sort of exercise incentive based program, earn naut that way.

Not sure what else we can do.

Actually some of XDQ miners hold in long term and also hold NAUT, selling both coins only for BTC.

I think 24 hour volume on allcrypt is only 500 XDQ or about 2500 NAUT.

We need a hint about POS. Will it be implemented before or after all coins are mined?

BK said in one of his recent posts that PoS will be implemented "very soon". It sounded like he plans to do it a lot earlier before end of PoW. But it's possible that I might have misinterpreted him.

The plan is to implement before PoW mining ends BUT my idea for PoS is more complicated than originally anticipated so it is taking a little longer than expected.

You don't really need to implement something too fancy imho. Just PoS with a low interest rate (around 3-5% per year) and reduce the number of coins from PoW. This will put you a couple of months ahead of the current development curve and will give your present and future investors a lot more confidence in the coin. At the moment a lot of people are seeing it as we investors and the NSF are only feeding BTC to the miners.

Won't reducing the number of coins from POW just mean less people mine it and difficulty drops until same number of coins are created? I think a more generous POS payout would be needed too.

Not really. I'd just stop PoW at a certain block, not reduce the PoW rewards. After PoW is gone, then you can decide whether to have a flat yearly interest rate like 3-5% or have a declining one like starting from 10% until the end of the first year and then 5% next year, 3% after that etc. etc.