Quote from: s2 on April 29, 2015, 08:43:22 AM

I am considering if it's worthwhile investment but when reading the T&C's I noticed it mentions 2.9 billion neucoins will exist with only 0.1 billion being up for grabs in this fund raising escapade.

Have I really read this correctly? I mean this is essentially saying 'invest 1 BTC now and it will be diluted to less than ~4% of it's value' almost immediately.

Are these reserved billion neucoins used for mining payouts or something else that I'm missing? Why wouldn't someone just buy these coins later when they are worth a fraction of their value in future?

Anyone care to share their transaction ID of > 10BTC they've made to this for some reassurance the reported investment is really happening as they'd be needing large investments like this for those numbers to be accurate.

The fact you have to invest with bitcoin also makes me think, 'why do we need Neucoin, why not use Bitcoin?' if Bitcoin is the only trusted payment system allowed.

Sorry to sound suspicious and I really like they're being open with their numbers but something isn't adding up and perhaps it's merely me not understanding their PoS strategy?

You've been reading correctly and also your math is correct. Neucoin is likely after a few months only fraction of IPO price. Why anyone would buy the ipo is beyond me aswell. Don't waste your time. The Neucoin team doesn't answer questions directly. All they have is their list of names on which you are supposed to go off. If you aren't impressed by the names and are actually crunching the numbers and trying to do DD you and your questions will be ignored. If you keep asking the club of fanboys is going to come out and call you names and cry FUD. Same shit, different day and coin Roll Eyes