SadNeuCoin - apologies if you've interpreted my post as an Ad Hominem. Its not.../...We've already seen how Gekko is a delusional fantasist, who now tell us that in addition to being a Wall Street Hot Shot and Vietnamese Insurance tycoon he has also worked for a France-based start-up (funnily this has only come up now) - all while being a world leading "Securities Expert."
.../...His questioning on company structure illustrates his complete lack of understanding of how average technology companies are structured, let alone one in pre-MVP mode with an internationally distributed team, dealing with a field as complex and emergent as a cryptocurrency. I'm all for balanced arguments, but they seem to be pretty absent.
Ha ha ha ha! Sorry if my life has been more interesting, varied and lucrative than yours. I'm in my 50's.
I love this: "apologies if you've interpreted my post as an Ad Hominem. Its not.../...We've already seen how Gekko is a delusional fantasist"
Motivation is easy: we've all asked legitimate questions and were told to go fuck ourselves, they are not telling. We then got banned from the Neucoin forum. So we ask the questions here, and postulate the possible outcomes given the facts at hand.
There would be "balanced arguments" if the principles answered normal, simple due diligence questions. As it stands, we pose questions and our responses are from the likes of you and the other sockpuppets. Nobody is forthcoming with standard disclosure info like "who owns how much and how much did they pay when?"
As to your ascertation about my "lack of understanding of how average technology companies are structured, let alone one in pre-MVP mode with an internationally distributed team, dealing with a field as complex and emergent as a cryptocurrency."...
1. Crypto is not complex. It is just like any other widget. If you sell them, you need to pay taxes on your sales. If you sell them (to the public--including to children) before they are manufactured and delivered, they are a forward contract: a security subject to blue sky laws and disclosure rules all over the world.
2. Average technology companies can set up any way they wish. However, when they solicited investments from the PUBLIC to "finance the development of the cryptocurrencys utility over time" (direct quote from today's email) they have a duty of transparency and disclosure.
These duties have not been met. Hence, we bang the drum.
Also from today's email: between now and end 2016, they ARE admitting that they are going to dilute the living fuck out of the coin: "Direct to consumers (for free): 300 million - 750 million NeuCoins". That is 3-750% of what they sold to idiots like you.
That's just to consumers. In the first year. But there's MORE DILUTION TO COME! They are giving out further multiples of the pre-sale float---for free--in that first year--to other groups less dumb than pre-sale buyers like you. All of those people will get for free what you paid for.
I do not know if there is enough bitcoins in the world to maintain a price of 1 cent per coin. Given this info, it looks like the coin plunges straight to the depths of hell on the first trade. They are giving away for free, 1000's% of percent of the pre-sale float---all unrestricted--in the first 12 months.
Dogecoin price here Neucoin comes!
So, fuck you and your dumb money newtoallthis. You are chum (1).
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I know you have trouble with the definition of words. Let me help you on this one:
chum: rotting fish entrails and other aromatic detritus chopped up and tossed into the water to attract sharks.