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