This is a new handle that will be shared by multiple members of the NeuCoin Project team used primarily to post information from NeuCoin.org that answers questions raised on this thread.
Point #1: the Foundations cannot vote with the NeuCoins that they own.
Point #2: the Foundations will distribute enough NeuCoins during the year after launch, mostly to consumers, but also to service providers that increase the value and utility of NeuCoin, that by the end of year one the NeuCoin Project team will own far short of a majority of outstanding coins.
Point #3: since at the end of year one, the Project team will still own most of the NeuCoins that they started with and can only sell their remaining NeuCoins slowly (on account of sale restrictions), it's logical that they will continue to act and vote their NeuCoins in such a way as to maximize their long-term value.
More details on governance below from
http://www.neucoin.org/en/wiki/#direct-democracyDirect Democracy and Accountability
Each foundation will be managed by an Executive Director and overseen by Council Members whose compensation packages are tightly linked to the growth in the market capitalization of NeuCoin. Furthermore, each foundation has an Enforcer, whose oversight role is to ensure that the Council Members are following the objectives and rules of the foundation and the results of coin holder votes as discussed below.
The initial Council Members were recruited and appointed by NeuCoins founders and will serve for an initial term of three years. In the first year, the Council Members will be primarily composed of members of the NeuCoin Project team (however not founders). By the end of year one, the foundations will each recruit two independent Council Members and some of the NeuCoin Project team Council Members will resign from the Councils. After the first term, Council Members will stand for re-election for consecutive three year terms.
Within a year after launch, NeuCoin holders will effectively take full control of the NeuCoin foundations. Using a voting mechanism currently under development by the NeuCoin Code Foundation, NeuCoin holders will be able to vote their coins (1 NeuCoin = 1 vote). With a majority vote, coin holders will be able to:
Remove Council Members and Enforcers
Change the compensation of Council Members and Enforcers
Change the Foundation Rules
Change the Budget
Force the Council Members and Enforcers to take any action that a majority of coin holders believes will increase the value of NeuCoin
Note that the NeuCoin Code Foundation, with the support of the founding team, is committed to launching the voting mechanism as soon as possible after the creation of the cryptocurrency. The founding team faces severe financial penalties if the voting mechanism isnt operational within a year for any reason.
Role of Founders and Project Team
Upon creating the decentralized cryptocurrency, the NeuCoin Projects four founders are donating NeuCoins source code and the 2.8 billion pre-mined coins to the NeuCoin foundations. 200 million sale-restricted coins are retained by the founders and other members of the NeuCoin Project team in exchange for contributing over $1,000,000 of unpaid work from March 2014 through the time of launch in the summer of 2015 (value of $.005 per coin).
While the founders led the NeuCoin Project during its development phase, they are relinquishing control of the decentralized cryptocurrency upon its launch and will not serve as Council Members or Enforcers of any of the foundations or their subsidiaries or affiliates. However, the founders have committed to continue working for the NeuCoin Project for three years after launch, providing marketing, business and technology development services. The foundations have set aside an additional 300 million sale-restricted coins (plus PoS awards earned on these coins) to release to the founders over the three years following launch as compensation for their providing an additional $2.25 million of unpaid work (value of $.0075 per coin). Note that if the foundations fail to institute the voting mechanism described below within one year of launch, the founders forfeit their rights to receive the remaining 200 million coins.