Re: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10

First of all, I am invested in NEO but when I read this article, I have to admit that there are good points...

https://storeofvalue.github.io/posts/major-neo-redflags/

There are actually only 6 contracts on the whole ecosystem... https://neotracker.io/browse/contract/1

And it is true that NEO makes announcements of announcements. I like the way NEO is pumping but it should be for the right reasons, shouldn't it? Huh

This article is there to spread FUD. Pure BS.

Okay, I like to believe it, but could somebody counter the article with something more substantial than just saying it is BS?

Why The Red Flag Post is a Red Herring

The NEO "red flag" post makes some accurate statements, but are they relevant?
Seems to me the post twists context to a pre-desired outcome.
Remembering that tokenised money systems (eg Fiat and crypto) and religion have a strange common element in that they only work if you believe in them, what are the key aspects that make a good crypto?

1) Genuine use case or utility value.
2) Strong community and minimum critical mass of believers and adopters.
3) Active devs with credibility and that foster and follow the "greater good" of a flourishing [Suspicious link removed]munity.
4) Usability for the relevant use case, eg BTC has lost usability for spending, but due to the belief system and relatively mature tech still has use case for store of value.
5) Lack of impacting regulatory issues.
6) Stability of base parameters - eg number of coins to be circulated etc.

If you examine NEO in this context, it looks OK to me, worth a punt, as we say in Australia.

Anything can happen in crypto but the red flags raised are not really relevant in the context of the criteria I list.