Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
Gekko463
on 24/04/2015, 01:47:49 UTC
Looks like two people on the Advisory board have had their advisory roles in this project grossly exaggerated:  Palmer and Witrant.

Jackson Palmer today discussed his "Advisory Role" at Neucoin in the following terms:  "To set the record straight, I'm not at all a paid shill for NeuCoin... I had provided marketing assistance in an advisory role previously...when the NeuCoin folks came to me and asked if I'd mind posting a simple request for feedback I thought "hey, Dogecoin hasn't got a lot going on right now, maybe this (free stuff!) will interest them".

Then he quit the crypto community, including, presumably his (limited) role at Neucoin?

I can't find a business plan.  Who owns the company producing this coin?  It seems what they want us to buy is the product (the coin).  But it seems somebody else, whomever is to be on the receiving end of these bitcoins they want us to pony up for the coins, is obscured.

Where is this corporate entity?  What is it that the "Founding team" owns?  What corporate entity receives the BTC, establishes these Foundations and pays the Salaries?  Who is the CEO?

If the Founders are being paid in neucoins, rather than corporate equity or salaries, they have to sell those coins to pay their (Parisian for at least Sandrine) rent.  N'est pas?

2% per month cash out limits means 24% per year!

The more I try to understand this, the less I am interested.

Lots of free coins to be had?  So why pay for any?

Lot's of hyperinflation built in.  How will $.01 price stand up to the 100% hyperinflation, and the Founders dumping 24% of their stakes in year 1 to pay their Parisian Rents?

The only "new" thing I see is that instead of being scammed from a basement in Romania by Beavis and Butthead, we are to be fleeced by chic Parisians dressed in VC clothing with a few Silicone valley numbers in her contacts list?

And why have none of the Angels stood up on Twitter or Facebook and said "Yeah, I bought into neucoins and I am confident I'll make big bucks because..."

But nothing.  Crickets.  Do they even know their names are being used?  Why aren't they so excited that they are twitting about it?

Crickets.

Why the hell are you using up presale equity to fund a Paris lifestyle when you could do all this much cheaper in SE Asia?  I would like to live in Paris too.  But it is too expensive.  Start-ups should be lean.  Financing Parisian lifestyles for the Founders and coders is not lean.

Enthusiastic at the beginning, the more I learn, the less interested I become.  I'll wait till it crashes to 2 satochi on Cryptsy, and line up for some freebies just to follow this.

But not funding your life in Paris with my BTC.