I certainly respect that point of view. Good articles, both of them. Important points. That said, I think that if a games and tipping oriented microcrypto like Neucoin were to get serious traction with mainstream users, that it wouldn't pose that kind of danger. On the contrary, I think that it would help to introduce the masses to the possibilities of cryptocurrency and benefit blockchain technology at large.
Really?
By having banks, Facebook and Google control Neucoin's blockchain and the private keys for any address those "mainstream users" are using?
Because this is how it's going to be,
if this ever happens.
And you know what comes next: sensitive private data are getting harvested, processed and sold to third parties plus that they are "offered" to a number of "authorities" and "security agencies". Then, governments will start having access to those addresses,
because they will have a way to do it, something not possible with any coin so far.
This is worse than using a Visa card and a bank account and the "masses" will never trust another coin again.
No, my friend, scam or no scam, Neucoin must die fast if it's going to do such a damage.