Pre-launch updateshttp://forum.neucoin.org/t/pre-launch-updates/1268This one is horrible:
MyNeuCoin.com
Reminder: MyNeuCoin is an online wallet where you can store, send and receive your NeuCoins. A lot of effort has been put into making sure that its as consumer-friendly and easy-to-use as the leading Bitcoin wallets Circle and Coinbase. This is a major project and we believe it will be a huge differentiator from other altcoins, and absolutely necessary for mainstream adoption.
Features include:
- A consumer facing Proof-of-stake cloud mining service called growth accounts, where users can leave a deposit for a fixed term and seamlessly earn proof-of-stake mining rewards (without even needing know what mining or even cryptocurrencies mean).
(I assume they mean minting/staking)
Remember: PoS coins always have to be online in order to mint. That's a huge differentiator from Circle and Coinbase which store most of their customer's Bitcoins in their cold wallet for security reasons. As long as there is no "cold-minting" implemented, the wallet even has to be open in order to mint.
Didn't NoKoiners learn anything from all the hacks in the past? MyNeuCoin.com will sooner or later get hacked. Mark my words: I told you so.
No, a centralized hot wallet for staking is not at all "absolutely necessary for mainstream adoption". Far from it! Education is necessary:
Never hold significant amounts of your coins in a centralized fucking hot wallet! MyNeuCoin is a Blockchain.info type of wallet with regards to the management of private keys. They are never accessible by the online wallet, only by the wallet users (as opposed to Coinbase for example), which is very important from a security, anonymity and regulatory perspective.