I agree neucoin is still in development. just like ethereum, it's not just about what is there the first week after launch, or how it's trading short term - it's about what you think it may become. I've said it before and I'll say it again: the only thing that matters is whether or not neucoin can deliver on getting millions of game-playing, viral, social regular consumers to adapt this thing.

it's all about what will or will not happen over the next year when neucoin starts rolling out on games, facebook, etc. that's what the strategic plan is all about. will they convert a lot of users? will it get viral? will it engage more and more service providers?

basically - can the foundations distribute the premine in a way that gets neucoins in the hands of millions of users? if they can - it will be huge. if they can't - it won't. but it's way to soon to tell. they haven't even started with the consumer applications yet.

at its core, neucoin is basically a ripple/stellar proposition - have a premine and try to distribute coins in a way that encourages participation and growth.

the other way to do that would have been to have one giant foundation premine ripple/stellar style. premine the entire supply. but then the foundations would remain dominant forever instead of becoming a minority holder in just a couple of years, ultimately holding almost nothing, more like an early incubator than a constant whale forever and ever. also, the ripple/stellar way early adopters wouldn't be rewarded, it wouldn't incentivize viral spread, etc. also, the price would have had to start ridiculously low and if successful grow to something ridiculously high. this way, the price is more stable (relatively speaking, so far 15% or so down from presale price), and the growth instead comes in the form of pos. same end result, just different ways of doing it.

I personally think that the high inflation/high rewards with a more (for game playing consumers) understandable price is a better way to go. and will get more viral.

wait and see if they can get millions of users or not. that's what this is all about.