Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
Scam here or not? Still need to figure this out. any ideas?
this is not scam bro .. Neucoin have future . you can Buy some on market when launching . and Hold , if you want use neucoin , you can do , marketplace cooming soon , maybe very soon
You're not going to be holding much with that 100% inflation every year.
Ever noticed why there doesn't seem to be many PoS high inflation coins on CMC? Because they all get dumped because the holders don't tolerate being stolen from. If a coin is stagnant then you lose half your holding after 1 year and in crypto we've seen coins go stagnant for years.
BTW, to keep the facts straight, the interest rate goes down from 100% down to 6% over the course of 10 years.
It doesn't matter. Price will be dictated by the NoKoin team (er, I mean foundations) for years.
The reason most of the coins being held by the foundations is to get the coin in the hands of many different types of people.
With most alt-coins so far, the only people that end up owning it are pretty much the founders and the speculators that bought early hoping for a raise in price, and then looking to sell to other speculators, and so on... basically the Greater Fool theory. For these other alt-coins, there is no real reason anyone would own them outside of this sphere of cryptocurrency speculation. This makes the value of the network very small.
The Neucoin team is taking a different approach, which is why they only sold 3.3% of their coins in the presale. They want a heterogeneous network full of different types of people using it. Of course, if the Neucoin team kept all their coins to themselves, with 96.7% of the coins held by them and only 3.3% by speculators, the coin would be worthless. I'm sure even the Neucoin team realizes this. But suppose Neucoin had instead gone with what seems to be the popular opinion on this message board, and placed all 100% in the hands of cryptocurrency speculators. It would be my contention, that in such a case, the coin would be just as worthless as all the other hundreds of failed altcoins out there, and would suffer a similar fate.
So why in both of these cases, a large percentage in the hands of speculators, and a small percentage held by the founders, or a large percentage held by the founders, and a small percentage held by the speculators, does the coin not have any value? It's the property of the network of people that hold the coin.
A homogeneous network full of speculators is almost as worthless as a network owned by the Neucoin company itself. In a homogeneous network, there is no one that anyone has that is worth trading for to anyone else. On the other hand, a network of coins held by many different people from many different industries *is* valuable. In other words, the value of a network multiplies in total by each new industry it breaks into.
After launch, the Neucoin foundations will be putting Neucoin in the hands of many different actors in all kinds of different industries. In addition, it's designed to be extremely easy to use and acquire... there will be a fully integrated online wallet at launch, a cloud based mining service, and many promotions to earn coins.
This, IMO, is how a real valuable network is born, one where many different kinds of people from many different industries get involved. This kind of network gives many people a reason to buy and use your coin, outside of small sphere of speculators that is greatly personified by the people haunting this message board
.Disclaimer, I don't speak for the Neucoin team and am only an investor. But, you can read more of their official statements on the matter here:
http://www.neucoin.org/en/wiki/#strategic-distribution
http://www.neucoin.org/en/wiki/#pre-launch
Hi LOrrav,
You seem to put a lot of faith in the "Founders". Here is what the Founders and Angel investors think of you:
"In 2002, Abram, a father of two and husband of a fashion-industry executive, started Direct Revenue. His co-founders were fellow Dash alumnus Daniel Kaufman and a pair of data-mining entrepreneurs from a company called Pipe9, Alan Murray and Rodney Hook. The next year, Direct Revenue did business with and then acquired Stein's online ad agency, forming a spyware powerhouse. Stein declined to comment. The four founders didn't respond to numerous inquiries.
By early 2004, Direct Revenue, with Abram as CEO, had settled into its SoHo loft, employing two dozen programmers and salespeople. Current and former staff members say the place had an informal, often cynical atmosphere. The unsophisticated computer users subjected to Direct Revenue's ads had a nickname among some staffers: "trailer cash."
Source: http://www.nbcnews.com/id/13757388/ns/technology_and_science-tech_and_gadgets/t/spyware-developers-net-huge-profits-outrage/
That's Josh Abram, #1 Neucoin Angel investor.
Dan Kauffman, your DanK CEO
Alan Murray is Neucoin Angel too!
Rodney Hook is not in on this deal, maybe he went straight?
So, you trust these guys, and NBC News says quite clearly that they think of you as "trailer cash".
Think about that for a minute. Read that article. These are some of the most despised people on the Internet, and you trust them and think we are being mean.
They will maximize their revenue, as jonald_fyookball suggests. Get out in one of the pumps. Look at how all of their forums together don't add up to 500 people. Look at how all these businesses they are associated with, like Jango, are insider held second rate rip-off's of leading brands (Jango is store brand Spotify).
The whole thing reeks of contempt for YOU, the investor.
Buy a coin that's worth something, doesn't reproduce like horny bunnies and holds it's value due to scarcity and utility: Unobtanium (UNO) is the complete opposite of Neucoin and is worth $2.50 each and has hit $5 twice recently.
Cheers,
Gekko