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Showing 20 of 153 results by badon420
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
I'm not affiliated with Brian or NAUT, so I have no additional information than what is public. However, I think the wording of "quiet period" isn't just a coincidence, as it is a term used in the financial realm often. I can only assume there are legal details being worked out at this time.
Based on previous updates from BK, mainly the March update, he outlines 2 things he wishes to accomplish with NAUT:
"mining centralization and lack of a buyer of last resort"
I believe the "buyer of last resort" idea is the reason for legal details needing to be worked out, and the reason for the silence. In later updates he says they are in talks with an identified partner.
"The stability fund was our first answer to the buyer of last resort issue; however, we believe a better solution exists. We will be spending the next month in consultation with economists and academic partners to identify the best way to create a buyer of last resort that will be hard coded into Nautiluscoin."
I can't imagine how this will work, but that's the info we have to speculate on.
Based on previous updates from BK, mainly the March update, he outlines 2 things he wishes to accomplish with NAUT:
"mining centralization and lack of a buyer of last resort"
I believe the "buyer of last resort" idea is the reason for legal details needing to be worked out, and the reason for the silence. In later updates he says they are in talks with an identified partner.
"The stability fund was our first answer to the buyer of last resort issue; however, we believe a better solution exists. We will be spending the next month in consultation with economists and academic partners to identify the best way to create a buyer of last resort that will be hard coded into Nautiluscoin."
I can't imagine how this will work, but that's the info we have to speculate on.
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
https://twitter.com/BKBrianKelly/status/608645753871962112
There is a reason for self-imposed "quiet period"
There is a reason for self-imposed "quiet period"
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
I've designed an updated site for Nautiluscoin. I'm also working on getting another block explorer up on this domain. Enjoy everyone!
http://nautiluscoin.info
http://nautiluscoin.info
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
The current network sucks and blocks sometimes take hours and hours due to difficulty issues with digishield. This needs to be addressed before a successful POS fork can take place. The network has to be stable and predictable. While the code might be done, the testing is possibly causing some issues with this variable in mind.
No. The Mining network will cease to be and the PoS network will take over. Fixing the digishield issue isn't needed at all.
The PoS can just be coded to pick up at X block and continue the same blockchain.
In theory that is correct, but maybe they've tried (hince when i said "testing is possibly causing some issues with this variable in mind") and that is what's causing the delay.
Oh wait, looks like github updated and that's what they're doing. Hmmm.
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
I sympathize with all the thoughts on the POS delay and I agree it's been handled terribly regarding what this community needs for hand holding and updates. The price and general sentiment here displays that.
The current network sucks and blocks sometimes take hours and hours due to difficulty issues with digishield. This needs to be addressed before a successful POS fork can take place. The network has to be stable and predictable. While the code might be done, the testing is possibly causing some issues with this variable in mind.
has anyone really been far even as decided to use even go want to do look more like it would take to fork a coin to POS with unpredictable blocks that could take hours?
Not saying this project hasn't seen some major neglect the last 2 months with empty promises of "soon" because it definitely has, and the network isn't usable in it's current form.
I've waited almost 5 months for this to happen, I'm not about to abandon it now. I understand why others are though, if you don't have faith in the idea or project then by all means please exit now at these prices and not after the potential run up after the fix is implemented.
Everyone is welcome to come to #nautiluscoin on freenode and chat about the subject in real time if you'd like.
PS: Awesome job mongoose on your development thus far! Way to go
The current network sucks and blocks sometimes take hours and hours due to difficulty issues with digishield. This needs to be addressed before a successful POS fork can take place. The network has to be stable and predictable. While the code might be done, the testing is possibly causing some issues with this variable in mind.
has anyone really been far even as decided to use even go want to do look more like it would take to fork a coin to POS with unpredictable blocks that could take hours?
Not saying this project hasn't seen some major neglect the last 2 months with empty promises of "soon" because it definitely has, and the network isn't usable in it's current form.
I've waited almost 5 months for this to happen, I'm not about to abandon it now. I understand why others are though, if you don't have faith in the idea or project then by all means please exit now at these prices and not after the potential run up after the fix is implemented.
Everyone is welcome to come to #nautiluscoin on freenode and chat about the subject in real time if you'd like.
PS: Awesome job mongoose on your development thus far! Way to go
