Just did my first transfer, getting my NAUT from 0fee pool. Love how fast it confirmed. Excellent. Merchants and merchant APIs are going to love that. Not sure if this is the fastest or only coin that fast, but it is a nice feature. It could also be because of the huge amount of hash this coin has right now early days.
It's been posted on the OP as well as the official web site, and even discussed in interviews with coin founder Brian Kelly, it is designed this way.
This is where I see this coin being a HUGE benefit.
Here's the primary reason why (by example): Lets say you have your crypto-coin-card (CoinKite or whatever) and you're in your favorite fast food restaurant that now accepts these currencies in line with other crypt-coin-card-holders but you're third in line and the two in front of you only have Bitcoin, or another coin that takes a long time for confirmation (bitcoin avg 10 minutes), that means you have to wait 10 minutes per customer until they can even really start prepping the food because that place wants to make sure it has the money before they start. McDonald's prep and out time is suppose to be 2 minutes 30 seconds (I myself have not worked there but it's the standard as I have had friends and my now fiance have worked there, this is based in US), so you're at 12 minutes, 30 seconds, before customer 1 has even gotten their food. Tack on another 12 minutes 30 seconds. You're at 25 minutes by the time YOU are ordering. And that's just not a viable option for most businesses, and while CoinKite is great, with that limitation on most coins the actual usage for goods and services in person with some coins just doesn't make sense. Nautiluscoin aims to remedy that with the fast confirmation times :-) it shoots for 60 second confirmation. So that means, about 7 minutes in line with you being customer number 3, which is about the same as average time now. This is why this coin has so much potential (alongside the stabilization fund).
