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

so i cancelled my growth account and my coins have vanished . no coins transferred to my wallet. no transaction showing. WTF?
Oh i know, the transaction and coins will show up as soon as the price tanks another 50% or so. So i should see them shortly.

This just shows their incompetence.

Here's another issue:

http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640/5?u=timengler

If you want to see this in action, look here:

http://www.neucoin.io/transaction/d5c8a3496eb8340130e6c1fcd3c04f57634b9f69a398db0d226f460fcd9f7aea

and keep clicking on "Previous output". You'll notice the staking amounts have been splitting in half after every stake.

Which means the amount of interest Neucoin is getting is slowing down. Every time this happens, their UTXO's get smaller and take longer to stake. Eventually they'll lose most of their compounding effect, and will have around 45 days of unclaimed interest in their mega account that will disappear as soon as they try to make a transfer from it. I tried to explain this to them in that thread, but it seems they can't quite grasp the concept.

Another sign that their technical team today isn't really up to the task.

Revealing:

"The issue is that the reason for this security measure hasn't been well documented, so we can only guess what Sunny King had in mind."

They've worked 1 1/2 year on the project and they have to guess. I have no abilities to code and no deeper understanding of the tech, but I bet it wouldn't need too long that I would have some answers. I would ask in the peercoin-forum and/or pm Sunny King or open in BCT or a Dev I know... And they have to guess about the code they're using.