PoS Update
We have begun the coding work on PoS, it is estimated it will take about a week to complete and then we will need to test. The one thing I have learned about crypto is to expect the unexpected! I don't want to over promise and under-deliver so I will only post about what is completed and tested. As we move further in the process I will be able to get a realistic date of implementation. My desire has always been for PoS to be implemented well before the PoW stage is done.
In terms of stake (or 'dividend' for guys like me) I have set it at 2%. I had hoped to tie the stake to a well known price index, but relying on a third party would compromise network security. I chose 2% because most central banks target 2% inflation per year - Wall Street will understand this. I am also consulting with a few well respected economists to determine if there is such a thing as 'optimal money supply growth' - so far we have not found it - if we can determine an optimal method then we will try to incorporate with PoS...BUT no promises as this is much more art than science.
-BK
Devil's advocate. Lets bust out of this current alt market pump and dump day trader BS bubble, but what slice of "wall st." are you targeting? Too broad and not enough will get it. Too narrow and the same fate.
A 10 year treasury is at 2.5%. Would likely be a shit buy right now and not your target market but I'm just saying.
Investment Grade Corporate ETF is at 3.2%. You're trying to make Nauti stable and accepted. Would you say this is it?
High Yield corporate ETF 4.48%. More volatile, doesn't really seem like your target market even if Nauti is going to be volatile until the market is deep enough to discount an appropriate price.
S&P 500 earnings yield is ~6%. Is this your target market? Some narrower slice of this?
Probably all poor comparison's really but what does "wall st." relate to?
I could go on, but why is "wall st." coming to this party? I think they will in time, but why Nauti? And why now? You have the stabilization fund so the pitch is less price volatility (after the market discovers/discounts the price more efficiently - too thinly traded right now combined with mining supply phase), why is 2% attractive? Are you pitching total return so the 2% inflation + steady price increases tied to NAUTi acceptance?
Perhaps non-correlated asset class. Okay, but does the potential return on this really offset the risk of a new experimental, non-correlated asset? Love what you're doing but maybe we need another "wall st.," name or 3 to join forces and up the ante a bit.
What exactly is your elevator pitch to the non-crypto initiated? Why would they get Nauti? Not sure I'm seeing a fully fleshed out pitch yet. None of the algo or POS stuff is going to be remotely relevant in that brief moment in time. And what the ADD, Pavlov's dogs conditioned alt market thinks doesn't remotely matter in that moment.
I'm in, but I'm curious what the pitch really is? First hurdle is getting btc. Second is graduating to see Nauti/alts. I see it long term. I'm in Nauti, but I want to really see what angle you are taking. And when I roll into my office tomorrow I want to play off that angle and help them get it. The more of us get the non-alt market pitch the more we can help others get it and get Nauti.
Have you landed any high profile Nauti investors that want to lend their name?
Very good questions im sure BK will give us a hint on what his plans are,
i think block times will be all sorted after POS but for the moment its really slow blocks, i dunno why as the mining difficulty is higher than at its low point so shouldn't things be chugging along nicely.
