Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments

A consumer-friendly cloud mining service

That doesn't answer the question if I'm wrong...

Questions:

1. Is it right that it could be possible that Investors would stake for months or even years without getting their interest... their Coins?

2. Let's assume everything would be fine with Neucoin, but in 12 months, an Investor who staked all the time for one year, needs money and has to sell... he should have 100% more Coins. But it could be that he hasn't right? He would have to wait without knowing when he will receive it. It could be that he has to sell his Coins but without getting the interest-rate. Is that correct?

Because if that's correct... I don't agree with your definition of "consumer-friendly". ;-)

Q1. Is it right that it could be possible that Investors would stake for months or even years without getting their interest... their Coins?

If using the qt wallet then yes, if using the "growth account" then no.

qt wallet example, (not for the masses, just the tech few)

"Here are some more specific examples. For simplicity, lets assume that 100% of all existing NeuCoins are staking all the time, so the total number of NeuCoins staking at launch is 3B and grows from the POS rewards that are earned.
A miner starting with a stake of 1 million coins would be expected to mine this often:
1,000,000/3,000,000,000 = .0003333;
.0003333 x 1,440 = .48
so a miners chance of minting a block in a single day is 48%.
in other words, this miner would be expected to mint a block once every roughly 2 days
Using the same math process, a miner with a starting stake of 70,000 NeuCoins would be expected to mint once every 30 days, and a miner with a stake of 11,700 NeuCoins would be expected to mint once every 180 days."
http://forum.neucoin.org/t/multiply-your-neucoins-through-growth-accounts-and-mining/1677

So, growth account options, (for the masses)

3 months, 20 % - That is 80 % per year
1 year, 100 % - That is 100 % per year
5 years, 1600 % - That is 320 % per year
http://forum.neucoin.org/t/growth-account-growth-rate/1436

Guarenteed return, but all "interest" is lost if withdrawn early. Only 3 time periods on offer.

Q2. Let's assume everything would be fine with Neucoin, but in 12 months, an Investor who staked all the time for one year, needs money and has to sell... he should have 100% more Coins. But it could be that he hasn't right? He would have to wait without knowing when he will receive it. It could be that he has to sell his Coins but without getting the interest-rate. Is that correct?

Yes for the qt wallet. No for the "growth account"

So Newbie is talking qt wallet at first, then the "growth account"

Okay, I understand. But it doesn't make it better... but worse in my eyes. Just three pay-out times to chose and the time between the chance for interest is zero. If I would chose 12 month but need money in 11 month and 20 days... I won't get my interest. And I would need to give my money a centralized system that plays bank.

Why not weekly-payouts? Is there a good reason for that?

And, I'm not an expert in technique. But I'm invested in BTCD... I start staking and it stakes new Coins everytime. Why is that different in Neucoin? Why this little chances?

It looks bad to me.

3 month minimum.
early investors are "locked" in. "Team members" are not.
They get 2% a month release. 20 million coins this month between them. (edited, not sure how many it works out too, they wont tell us!)
And "team members" restricted coin still doubles in a year, (after this 2% monthly release) because of the massive compound effect on their massive pile of nokoin. (800m+)

But using a qt wallet is not much better.
"Team" rewards will always be far greater % than anyone else because the are holding so many nokoin for themselves. (800million +)
With their efficiency, and compounding effect, get exponentially richer.

Also nokoin appears to have been created Sat 12 Sept. 8 million nokoin created even before launch.

Yes, they've started to stake one day before and about 8 Mio everyday and slowly but steady it suffocates the whole project.

The issue with the growth account and the three time periods is also: Everybody who is invested will fear those dates... Let's assume there are 100 or maybe 200 Supporters who are invested. The majority starts with a growth account and the majority most likely has chosen 3 months. In 3 months after launch a lot of Neucoins will be free and if they shouldn't be excited about the progress of NEU some or even many will sell their Coins...

The same after one year. I doubt that it will be much because I doubt that there are much supporters. But even if, they're damaging the price with their own strategy... They produce several days in a year that everybody will fear: Every month the 2% of the group behind are able to sell. After 3 and after 12 months those who have chosen a growth-account and get their money could sell. Investors will anticipate it, so that the price most likely will go down before. It's really paradox... The more of the coins are in public hands, the more the public and the group behind will fear those dates and the market. So they have to hold it in their own hands and.... stake it and stake it.

The whole economic design and the psychological-market-dynamics it implicates is flawed.