And they started this thread themselves, because they wanted to bang the drum for the project. The question is: Why doesn't they manage the communication? If I were a Dev or a Community-Manager I would see every question, all criticism as opportunity to make PR out of it because I only would stand behind a project if I would see good reasons and than I would have arguments. There wouldn't be (m)any questions I couldn't answer...
I guess they gave up as they got attacked so much - much of it was petty nonsense (NeuCon, NoCoin), some of it slightly offensive, some of it highly so. On the fist page the casual sexism kicked off "Sandrine is pretty" then Scam Confirmed et al signed up and pathologically began attacking every single element of it - its a pump and dump, its a scam project, the marketing is shit, the name is shit, its securities fraud, its tax fraud, the price is crashing - ha ha, the price is rising - they must be pumping the market...Someone with some time on their hands should go through and document all of the theories that have been shared on this thread.
Any of the NeuCoin team that posted on here seem to have been shouted down and or attacked - even when they were providing answers and so I guess now they don't bother.
Its a real shame, as I think in particular the inflationary question would be really interesting to hear their answers on....
I don't agree with personal attacks. But I also disagree if somebody sells a product to the people with promises and some hype but without explaining very important aspects. Here in this thread are a lot of more or less smart theories about it, because there are not enough hard informations about it. In my eyes it's just a lot of smoke. I mean, take a part like this:
"To optimize for growth and adoption, a large share of the foundations endowment will be given to consumers in exchange for engaging with, trying out, and referring friends to NeuCoin. Another large block will be awarded to companies that help NeuCoin grow its user base and become more useful: game publishers and content providers that accept microtransactions with NeuCoin tokens, exchanges, wallets, consumer mining services, payment processors, remittance services, discounted group shopping services, marketing and distribution partners and other key services to NeuCoin users. Finally, some will be sold, with proceeds used by the foundations to increase the value of NeuCoin through consumer marketing, utility development, and core coin development."Sounds nice, right? But it just needs one calculation to show it's complete bullshit with the inflation-design they've choosen.
They sold 100 Mio to the public (or tried to...), and if I'm right the price was at (or about) 0.00004 BTC... And they stake more than 8 Mio Coins every day which would be worth >300 BTC at that price. They can't sell it... it would damage the market. But what's that for calculations? Since they went live they staked 63 Mio Coins out of nothing. That's a 63%-inflation out of market perspective in just one week. Again: "Only" 100 Mio are right now on the market.
How can anybody believe that something like this can have any value on the market if it's produced like dust. It's a complete joke in my eyes. And maybe the Neucoin-Supporter (public-Investors) are so blinded by the "big names" that they don't ask those questions but they should know it.
In my eyes, the Neucoin-team should calculate possible scenarios... they should calculate their own strategy in best case and show it to the public. That would show what would be needed to realize that. And than, everybody could come to own conclusions if he/she believes that it's possible.
And to be more clear about that point: I don't know if the team behind has the intention to scam. If yes, it's a bad scam-strategy. If no, it's a bad designed project as well. But what I know for fact: It's dishonest to make marketing for this, to lead people into buying NEU, without showing what they plan to do with it and they should show calculations about possible scenarios.
I don't say they have to explain it in this thread. And they don't have to explain it to me or those who are critical about it or even FUDders. But we'll see what's they will do...
My own opinion: I don't believe they started it with a definitely scam-intention. But I believe it's obvious that there is so much greed... It's totally obvious in it's mathematically/economic design and it's kind of paradox, but that's the main reason why it won't work out. They'll never be able to explain what they want to do with all the dust they stake out of nothing. The 63 Mio new Coins that were staked in the last 7 or 8 days... what to do with it? Sell them? Give it away for free? The price would be at 1 sat. Hold them? Why stake all the dust if they can't do anything with it without damaging the value? And we're talking here just about what they stake. It's really a mystery to me. I don't get it. And they sold this in an ICO and made about 4000 BTC out of it?
There are just two scenarios about the ICO:
1. The ICO was "legit"... really sold to the public. Than it's dishonest to sell something like this to that price
2. They bought into the ICO themselves... to bring the project to the market. Than it's dishonest because they're trying to sell an already failed project in combination with market-manipulation
I know what I believe...