Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
scam confirmed
on 30/09/2015, 14:39:35 UTC
Corrected for 60 months.
Great! Adding:


Growth account:
3 MONTH -- 20 % = 12000 NEU
12 MONTH -- 100 % = 20000 NEU
60 MONTH -- 1600 % = 160000 NEU

vs

24/7 staking own device
3 MONTH --  12650 NEU
12 MONTH -- 23960 NEU
60 MONTH -- 254861 NEU !!!

means:

The wallet operator retains

- 24.5 % of a growth account user's 3 MONTH account stake

- 28.4 % of a growth account user's 12 MONTH account stake

- 38.7 % of a growth account user's 60 MONTH account stake


"Assuming ~ 85% of the total number of coins mine at any given time" (quoted from WhitePaper page 22)

--> GROWTH ACCOUNT USERS LOSE !!!


Additionally the regime gets all the rewards in case someone cancels the growth account before the end of the time period.
It's not pro rata temporis as you would expect from every honest mining undertaking - it's Neucon, where the team earns and all others pay.