Quote from: cypz on July 05, 2014, 02:06:27 PM

Quote from: BK_PHI on July 05, 2014, 12:40:34 PM

Morning all -

Big day for NAUT!!!!

A few updates:

PoS

On the PoS front, we found a bug yesterday when we were preparing for final implementation and beta testing - once we have it fixed I will let everyone know.

I would still like to have PoS switch before the fight, but I am not sure that is feasible - I would like to get your thoughts on this.

In the mean time, I will keep the ASIC farms going so we have as few confirmation issues as possible.

PoS Multipool

Going forward, I know we have at least one PoS multipool in the works and I was contacted by another today. As well I have talked to an owner of an ASIC rig about working together with the NAUT community to lease the rig for the multipool.

Code Audit

I have contacted Julian about an audit.

Buying NAUT

It is getting easier - Moolah now has USD conversion and Cryptsy trades BTC in USD which can then be converted NAUT - this will make is MUCH easier for people to get involved. It is still a few steps, but vastly improved from a few weeks ago.

-BK

howdy bk hope all is well on the day of the big event (the jon fitch fight)

POS
i think pos should not be rushed even tho it would be great to be ready and all before the fight it would be a complete disaster if there was something you missed in the code and something happening like a totally stopped blockchain. It would put a lot of negative PR about the coin so waiting a little longer is of greater benefit for the future imo.

i would like julian to do the signed mac wallet for staking as i know there are a few ppl here (large holders) that run on a mac myself being one.

I think the price increase over the last couple of days has been really positive in traders eyes and has such a positive effect with volume increasing, market cap is growing as its now over 1 mil which is freakin awesome.

If you can work everything out, get the code audited and get working wallets for windows mac and maybe even linux, things will go a lot smoother than just rushing to get it out pre fight.

Its going to take a little bit of time for people finding out about naut from tv to get accounts and buy their naut and send it to the wallet so in that time you could really make sure everything is working perfectly with wallets for all operating systems.

can you give us any more details on the POS like minimum stake time and percentage, i know you said 2% a year but your thoughts may have change.
any info is good info =)

I also told Julian I would like to hire him again to build the Mac PoS wallet - I like the idea of having it certified...the more trust we can build into the system the better.

As for PoS - it will be 2% a year - this will give us time and coins to make any upgrades we want. I would still like to have the stake tied to a global economic index or have it vary based on supply/demand - this would be the Holy Grail for me as it would create a coin that dynamically adjusts to economic conditions - maybe even some kind of a "Taylor Rule " for money supply. A lot of central banks have thought about automating monetary policy - I would love to be the first eco-system to implement an algo for money supply.

For now, that coding has proved to be too difficult and not secure. So we focus on the small steps and build.

-BK