The real question is: Why this huge premine and why this high inflation rate?
I think to have coins to distribute to the new-to-crypto people. Yes, that means very high inflation. It is one way of getting participation from that group. Hopefully, for those of us holding neucoins, there will be more deals in the future. I don't look at what exists now as all there will every be.
Jango in essence is a complete economy. neu gives users coins. users can tip performers if they like their music. performers can buy more plays on jango with those coins. users and performers can get coins out of jango to invest/stake or trade on bittrex for btc. I don't think what you say is invalid, but I don't expect them to accomplish everything at once.
Very solid post all around. You make some great points.
"performers can buy more plays on jango with those coins". You mean "payola". Jango's entire business plan is Payola. An illegal practice.
"Payola, in the music industry, is the illegal practice of payment or other inducement by record companies for the broadcast of recordings on commercial radio in which the song is presented as being part of the normal day's broadcast. Under U.S. law, 47 U.S.C. § 317, a radio station can play a specific song in exchange for money, but this must be disclosed on the air as being sponsored airtime, and that play of the song should not be counted as a "regular airplay"."
Not suprising. Jango is Dan Kauffman. Neucoin, Dan Kauffman. All the money in the Seychells went to Dan Kauffman's pocket. Guys like you who defend criminal scum like Dan Kauffman deserve to lose the money you have and will continue to by being involved in this silly fraud.
You keep talking about Neucoin. The joke is that Dan stole the 4000 BTC, and plebs are still talking about Neucoin as if it were something worthy of serious thought or consideration. Neucoin aspires to do NOTHING that Dogecoin didn't accomplish two years ago--without a scammy offshore pre-mine pre-sale.
The stolen BTC is the scam. The Neucoin is nothing more than the shiny thing Dan used to distract brainsurgeons like James while picking his pockets clean.
There were no fancy name investors. There was just a big shaggy dog story, and an anonymous bitcoin address in the Seychelles. A jingoistic marketing push and the only press coverage was bought and paid for because there is no innovation to write about. Dogecoin did it all first, and is still doing it viably.
Jango is Dan. Neucoin is Dan. Anyone that gives Dan money for payola or shiny worthless internet trinkets that lose value at 100% per year deserves their loses. Dan controls everything. Nobody outside of the Daniverse is interested in Neucoin when there are perfectly suited alternatives like Dogecoin, cheaper, more widely and fairly distributed with liquid trading markets to be had at a tenth of the already depressed, yet artificially supported price of Neucoin.
Dan stole the Seychelles money, dummies. Neucoin was the diversion.