Just got an email today stating that POW is done and the coin is moving to a full POS system. Was that previously announced or is that a fork in the coin ? Probably already answered but I'm not able to read hundreds of pages of text lol
They switched sooner than expected due to sell pressure. It was supposed to be about a year out from launch.
Please dont rush in to ANY crypto. They are all shit. Some much more than others. neucoin more than most.
That's how its feeling. I mean, my take is a little different. They are all interesting, but rather stupid places to put your money as an investment. Like betting on horses, but if there were a few million horses in the race. Having some fun is ok.
The early minting rates and growth accounts are attractive on NEU. Its not worth a damn if the coin becomes worthless. 200% of 0 is 0. Inflation is a risk. return rates of more established coins are not better than an average high-yield bank account and even worse when the Fed isn't buying a load of government bonds. the crypto coin market is left to total speculation at this time. if there were a risk free 100% annual return out there then that's where all of my money would be.
I've seen your line of thought before,
"So neucoin is naff, but the masses wont know or care"
Sorry, don't see the logic there.
Not precisely my line but close. its plausible to me that they won't know or care. I see a big "what if?" NEU reminds me of startups I've seen or worked on. Its true that 90% of them fail, but some of them don't. Sometimes having the backing of others that have gone through a startup successfully before makes the difference and sometimes it doesn't. I do like the ones that start simple and grind it out but there are other approaches that work as well. My observation is that they are doing something different by applying a startup approach. maybe its good or maybe its not
Do not buy into projects where private groups get in early and pump up coins using a small supply. There is no need to pay so much for this idea.
At launch people payed a valuation of 72 million. Now wonder everyone except the initial private investors made money on this. Now the valuation is still a ridiculous 13 million.
Reply here for more info:
https://twitter.com/jessecouch/status/700411947884236800The marketcap is at $ 648,214:
http://coinmarketcap.com/currencies/neucoin/(those coins that are really on the market)
Thank you for your replies, tempus. I understand your take on the numbers a little better. I'll take some time to do the math myself and apply it to other coins for a comparison.
We'll see how they react to the poor launch and what comes of the integrations they have out there. 100% PoS switch won't get them any more street cred, but it has apparently created a temporary improvement in price.