Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
If anyone was serious about rivaling Bitcoin then these NeuCoin people did a half ass job in their research and implementation.
Worse yet is they sent the secretary Sandrine to Bitcointalk and Reddit, while the NeuCoin "big boys" are probably at the clubs, so the amount of carelessness and indifference from the NeuCoin team is already evident. Behind the closed doors, they're probably rubbing their hands and lighting cigars and gloating about the money they're about to swindle from people. When you are forking Peercoin, which the only required capital is a peanut butter jelly sandwich and a computer in someone's basement, we are talking about 100% pure profit.
Sounds like all they did for a year was hangout on the Doge Forum, made conclusions over a year ago and their primary input came from 8 year olds and the other 'special people' from the Doge community (probably 50% from Jackson Palmer).
Some effort went into connections but they lost a lot of points by
- Forking Peercoin (cryptocurrency is a relatively new industry so Peercoin is already old tech in that regard).
- Massive inflation (that's a PR disaster waiting to happen. If you have money on Apple Pay it doesn't lose value but on NeuCoin does).
- Absurd valuation when no proof of user adoption and no revenue. Proposed theory behind user adoption is flawed (people on freemium websites don't want to pay for stuff they need but get for free, they're definitely not paying for stuff they don't need).
They're doing the very Mastercoin method of distribution where only a few dominate and then the few dump this thing down to $0.
That is if the highway bandit inflation or the foundation doesn't destroy it first. 
Does cryptocurrency really need another Ripple / Stellar.... especially an grossly incompetent one at that? Even though the founder is technically an American Slum Lord who runs slum apartments in the United States, this coin seems to take on a more Parisian character whereyn I see a lot of envy and half ass lazy copying from prominent projects (forking Peercoin and wanting to copy Ripple / Stellar) and yet most people know that poor-to-no effort often equates with failure.
Worse yet is they sent the secretary Sandrine to Bitcointalk and Reddit, while the NeuCoin "big boys" are probably at the clubs, so the amount of carelessness and indifference from the NeuCoin team is already evident. Behind the closed doors, they're probably rubbing their hands and lighting cigars and gloating about the money they're about to swindle from people. When you are forking Peercoin, which the only required capital is a peanut butter jelly sandwich and a computer in someone's basement, we are talking about 100% pure profit.
Sounds like all they did for a year was hangout on the Doge Forum, made conclusions over a year ago and their primary input came from 8 year olds and the other 'special people' from the Doge community (probably 50% from Jackson Palmer).
Some effort went into connections but they lost a lot of points by
- Forking Peercoin (cryptocurrency is a relatively new industry so Peercoin is already old tech in that regard).
- Massive inflation (that's a PR disaster waiting to happen. If you have money on Apple Pay it doesn't lose value but on NeuCoin does).
- Absurd valuation when no proof of user adoption and no revenue. Proposed theory behind user adoption is flawed (people on freemium websites don't want to pay for stuff they need but get for free, they're definitely not paying for stuff they don't need).
They're doing the very Mastercoin method of distribution where only a few dominate and then the few dump this thing down to $0.
That is if the highway bandit inflation or the foundation doesn't destroy it first. Does cryptocurrency really need another Ripple / Stellar.... especially an grossly incompetent one at that? Even though the founder is technically an American Slum Lord who runs slum apartments in the United States, this coin seems to take on a more Parisian character whereyn I see a lot of envy and half ass lazy copying from prominent projects (forking Peercoin and wanting to copy Ripple / Stellar) and yet most people know that poor-to-no effort often equates with failure.