I believe that for a cryptocurrency or alternate payment system to be successful, and to really achieve what the true aim of cryptocurrency is - decentralization not issued by any central authority, immune to government interference or manipulation. A currency for the people, by the people, and governed by the people - not by some bigwig, money grubbing, "we make the rules" authority
So lets see here... neucoin team is keeping 2 billion coins to themselves while selling 100 million to the public (for about $900,000)...Can you explain again how is this coin is not "issued by a bigwig money grubing authority" ? What am I missing?
And I do agree with you wholeheartedly jonald. 2 billion coins seems like a classic hoard of the diamonds before the peons get the dust. However, at least as I read it, or what they say, if they are to be believed at least, those pre-mined coins will be used to fund expenditures of the three NeuCoin foundations - the NeuCoin Code Foundation, the NeuCoin Growth Foundation, and the NeuCoin Utility Foundation, which, I might add, are Non-Profit. It is not like a greedy developer premining 2 billion coins so as to cash in greatly when the prices rise. These coins will fund the growth and development of the coin and its organization.
Again, 2 billion coins seems like an enormous overkill, and I think they should have rethought that figure a little more before going live with the public announcement and sale. Either they are devaluing the cost of the coin after launch, or they are overinflating what it takes to run a day to day operation, not sure which. All I have to offer is again, that the foundations are determined Non-Profit. Looking at a lot of Non-Profit organizations in today's society, however, is not very assuring. So we will just have to see.