LOrreV - "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."
OK maybe, in theory. But its clearly open to abuse.
We have been told very little about the foundations structure. (A subject you could ask about nokoin forum about?)
We know at launch the nokoin "team" will be paid 200m nokoin for work done. Value at presale $2m or 8000btc (declared as $1m)
We know the nokoin "team" have another 300m nokoin reserved for work done after launch. Value at presale $3m or 12000btc (declared as $2.25m)
We know that foundations will be under nokoin "team" control for years to come.
We know a large block of nokoin will be awarded to companies that help nokoin grow.
Starting with radioairplay owned by Dank aufman. Award value $? (undeclared)
and jango.com, founded by Dank aufman. Award value $? (undeclared)
Possibly many more "DanK" companies?
Possibly many more "team" companies?
Combine the obvious opportunity for fiscal abuse with an old boy network of scammers and thieves. I will be dumping my survey coins.
(Seriously, why not ask for some details on nokoin forum? Sandrine is hoping to launch in July. Also disproportionate staking rewards for larger holders, some figures please. Also some of Dartious Questions/concerns could be answered, unless it's just blind faith for you)
This is the reality of being an early investor in any normal company (not a crypto coin), the founders could just decide to run away with the cash. But you have to trade one risk for another. You can trust the team to do what they say they will, or alternatively, if you invest in another coin, trust that it can grow virally in a way that beats out all other alt-coins on the market all by itself.
You can try to paint the team having all these business connections as a bad thing, but to me, having radioairplay, and jango.com as clients right off the bat, contributes to the chances of success, rather than subtracts from it.
I think you're seeing all these risks as larger than they are, because they are not normally associated with a cryptocoin, but these risks *are* associated with any startup company. I also think you're not seeing how large the usual risks are with a newly minted cryptocoin, and how the Neucoin team is attempting to mitigate them with a highly diversified and experienced team of individuals backing it. Simply, a cryptocoin can't succeed on it's technical merits alone. In other words, an idea ahead of its time is just that. Unless you can convince the masses, if you build it, they *won't* come.