Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
tempus
on 16/03/2016, 18:43:28 UTC


NeuCoin will most likely prosper to some extent if only due to the "raising tide" effect as the Altcoin market gets more and more attention. I don't necessarily agree with those who claim it was a scam from the beginning. I think it was started with good intentions by some team members and hidden agendas for others. Only time will tell who is right and who is wrong.


The problem stays the same. Cutting the total supply seems like a huge change, but in fact it's not really a change. The reason is very simple: The market can't handle the supply that is on the market right now, which is already > 100% more than 6 months ago. I've always said that it's about the inflation rate of the market and while they claim that it would be 100% inflation per year, which is ridiculous high, for the market the inflations is even higher! Ethereum, just for example, has 20% per year which is already high. Factom has zero inflation but "Coin-consumption" (Factoids are burned if they are used to record data into Factom) until the full protocol gets traction and than it will be 10% per year.

And the altcoin-market already gets more attention. The increase of volume is really noticeably, also on Bittrex. Volume last 24 hours: 2688 BTC. Some months ago there were a lot of days with not even 500 BTC. But that doesn't mean that all projects get more volume.

Regarding Scam or no Scam: I've never said that it was a Scam right from the beginning. I also wouldn't say it was started with good intentions. I believe that it was planned with a lot greed in mind but without any professionalism, no knowledge about economics etc. My personal question always was and still is: Who was the "mastermind" of it? Who was able to make such a plan and convince so many others that it would be a good plan while it was so obvious that it's naive? It doesn't really matter, but I really would like to know how that was possible and if nobody was there to say "are you out of your mind???".

And what I see as kind of scam is the attempt to get people into buying with all the hype-promises,

And another problem if we speak about the question if it's a scam or not: I can imagine that professionals who have to make a decision (add it to an exchange or not, add it to a platform or not - just for example) don't see it as legit. If I would be the CEO of an exchange or whatever I would ask myself: Why should I implement it? To make the team behind rich? I would see it as risk for my own credibility. And under the line that's also the problem when it comes to investing. There is no scenario that ppl buy it who really think about it because of multiple reasons.