Please read the [ANN] carefully - a whitepaper/roadmap is one of the milestones. As for the rest, we have to start somewhere - and a key point is to make things as concrete and non-abstract as we can at this stage to non-technical people. The key audience we want to address is non-technical users in and outside of crypto circles.

Also, you'll notice we did not describe your post as FUD and have repeatedly welcomed and addressed constructive criticism that is mutually respectful.

We're anxious to do just that - of course the very purpose of the crowdsale is to get the support needed to commit to this full-time to build out our vision, and do so expeditiously, or there'd be no reason for the crowdsale. We thank you for the kind words of support and the feedback.

Thank you for your interest in NectarCoin. We realise there's a lot of cynicism across this forum, and it's justified after all that's happened on so many fronts over the past year. But what we've said here and elsewhere is hardly just marketing talk - we've offered a concrete outline (including a raw demo of our alert system) and a concrete plan to build something innovative that could really break the adoption barrier and in a way that shields coin buyers from both exchange and non-delivery risk. There would be no one-time, up-front release of escrow - we wouldn't get a dime until we deliver on each of the components.

As for the alert system, fortunately the reaction has been overwhelmingly positive (in fact, yours is the first negative feedback we've seen so far), and as we clearly say it's only a raw introductory demo as a preview to what we'd propose to build on a full-time basis if the market supports our concept.

Thank you again for your interest in NectarCoin - we welcome any specific, constructive feedback.


Thanks for your interest - feel free to let us know if you have any questions.

Totally agree - these aren't the best days for crypto. But a coin like Counterparty, Ethereum or some other new coin no has ever heard about could change everything. Things are messy these days, but there are diamonds in the rough that could reshape the future for the better - our one-stop dashboard makes it easier to find today's diamonds, and tomorrows...

Try NectarCoin's altcoin market alert system (raw online demo). Track and get Alerts on: Big Price Moves, Big Buy/Sell Order shifts, Developer updates, Big Volume Traffic, New listings

Is NEM the future heavyweight, or a mirage?
Is Litecoin dead?
Is Dogecoin the new litecoin?
Is some new coin going to dethrone Bitcoin?

The altcoin markets are messy these days, but there are diamonds in the rough that could reshape the future for the better - our one-stop dashboard makes it easier to find today's diamonds, and tomorrows...

Try NectarCoin's altcoin market alert system (raw online demo)
Track and get Alerts on:
Big Price Moves
Big Buy/Sell Order shifts
Developer updates
Big Volume Traffic
New listings

Is Litecoin dead?
Is Dogecoin the new litecoin?
Is some new coin going to become the next Bitcoin?

The altcoin markets are messy these days, but there are diamonds in the rough that could reshape the future for the better - our one-stop dashboard makes it easier to find them.

Try NectarCoin's altcoin market alert system (raw online demo)
Track and get Alerts on:
Big Price Moves
Big Buy/Sell Order shifts
Developer updates
Big Volume Traffic
New listings

We're sorry to those affected by what might have happened here.

We hope to help change things in the altcoin world - for the better. For one thing, by making it easier for people to find promising alts and other "diamonds in the rough" (which could include APEX if it recovers). Check out our demo altcoin alert system:

We're sorry to those affected by what might have happened here.

We hope to help change things in the altcoin world - for the better. For one thing, by making it easier for people to find promising alts and other "diamonds in the rough" (which could include JUDGE if it recovers. Check out our demo altcoin alert system:

We hope to help change that. For one thing, by making it easier for people to find promising alts and other "diamonds in the rough".
Check out our demo altcoin alert system:

 


That's the wrong analogy. This is more like a freelance project, or construction project, where we have presented our credentials, including ratings and testimonials from past clients, and are contracted to deliver the product on a payment-in-stages/payment-by-delivered-milestones basis. We propose a strict milestone/delivery-based payment schedule where we are only paid based on the delivery of each milestone - on a delivery-by-delivery basis. There is no risk to buyers that we will be paid without delivering.



That's part of our point - quality work like this has to be paid for to be delivered and sustainable. We don't understand the logic that says you get what you don't pay for. We're curious about the mindset that says quality work can be expected to come for free. We're testing the theory that this market wants quality work and is willing to pay for it.


We've provided much more than that.


We've provided proof of dev both to CryptoAsian and to hosts. CryptoAsian has verified we're a Western European IT services group among the top 5% among more than 40,000 IT providers on a top online IT service provider platform: http://proofofdev.com/sweet-nectarcoin/


We've provided a link to a raw online demo of our altcoin alert system: http://88.80.189.58/webpage/


We're intrigued by those that say crypto needs more profesional, high-quality, reliable developers and development work - but aren't willing to pay what it costs to support it and make it sustainable. We have a theory that this space is sick and tired of the mediocrity and unreliability witnessed here to date and, though cyncical about newcomers (and sadly that cynicism is well justified by what's happened here over the past year), will be happy to pay for it once convinced that we're the real deal. We are the real deal, and you just don't get quality work like this for free or done on a part-time, hobbyist basis. The past year of what's happened in this forum should make that abundantly clear.

We think a lot of dev projects here have failed not necessarily because they were scams, but because they were done "on the cheap", on a low-priority, parti-time basis and were therefore not sustainable.

And as for the outright scams, do not make the mistake of presuming that because they're been so many scams here, every newcomer development group here is a scammer. If we were, we wouldn't be proposing the kind of multi-sig milestone-based escrow payment release schedule we have. Instead, we'd be proposing to get all of the escrow up front - we don't. We don't get a dime until each milestone is delivered.

And we have a long-term view. The BTC raised is, frankly, a means to an end not an end in itself. We want to build a coin network that people rave about, develop "street cred" and a long-term reputation in crypto that expands blockchain-technology work as a long-term recurring revenue stream for our business - to us, that is immensely more valuable than a one-time crowdsale. We frankly do not understand the short-sightedness of scammers who value a one-time payoff more than a happy client base, a good, long-term reputation and relationship and repeat business.


You're comparing apples and oranges. Were any of these milestone/delivery-based staggered-escrow release crowdsales (protection from non-delivery), or where they all paid out their escrows upfront in a single lump sum at the start (no protection from non-delivery)? Did any of these have a proof of dev profile like ours?: http://proofofdev.com/sweet-nectarcoin/


How accurate has your prediction record been about the future? Did you anticipate Slack's success? If your prediction record is relatively good, we will welcome you to "put your money where your mouth is" and make those predictions on our event-prediction market system when it's done, and be recognised and valued by the market as a guru if you turn out to be right (we'll have much more, btw, on this leaderboard guru ranking system in the near future - we think prediction markets are huge as an empirical method by which to find out which pundits are really "in the know" about the future on multiple fronts).


One of the very reasons we're doing this is because we aim to succeed where others (including bitcoin) have failed. That's one of the things that makes it worth doing instead of waiting for someone else (as we had) to finally do it.


1) Skype and Slack are not decentralised and p2p - in both cases you're trusting your private data (in many cases, highly sensitive and valuable internal company data and company intelligence) to someone else who has a strong financial incentive to exploit that data for financial gain, like any other asset they hold. In the case of Slack - you're entrusting valuable company data and intelligence to a startup. To say nothing of the risk of hacks.
http://valleywag.gawker.com/slack-is-letting-anyone-peek-at-their-competitors-1643790919 (this was the original article that alerted and alarmed us)
http://www.theverge.com/2014/11/24/7255199/slack-alters-privacy-policy-to-let-bosses-read-your-messages  
https://twitter.com/jalak/status/536995093354668032  
https://twitter.com/petrillic/status/537305970985410560

2) Now, Slack seems like a great company. They execute well, and we're sure they'll try to at least partially address this and continue addressing this. But we're guessing that, in all likelihood, their basic client-server model will remain because it's a huge part of their market valuation by investors. They'll remain pressured by their stakeholders to maintain the model and, we'd argue, to reduce client privacy going forward, like many IT companies are.

3) And again this is to say nothing about the risks of hacks that have hit hard much bigger companies with much greater resources for security (Sony, JP Morgan, US government contractors, etc.).

3) We're unaware of any alert system like ours. Could you please point us to it if it exists?

4) A decentralised prediction market of the type we have in mind and with the implications we have in mind does not exist at all. This will become abundantly clear when we present the working paper.

5) We're unaware of any system that seamlessly integrates and overlaps this feature set the way we plan to, which we have not fully detailed here for obvious reasons (though we hint at it), but we will after the crowdsale.

Thank you for your interest in NectarCoin. We welcome any additional questions/comments/criticisms as long as they're mutually respectful.


Nope, no POW - it would be POS. We want to build a coin that is as resilient as possible to dumps, including miner dumps.


Besides the raw online demo version of the altcoin alert system, which you're free to try through the link above, it's basically a concept/plan for later release. You can find more detail about NectarCoin here: https://bitcointalk.org/index.php?topic=812124.msg9090897#msg9090897

Thank you for your interest - feel free to let us know if you have any other questions.


Nope, no POW - it would be POS. We want to build a coin that is as resilient as possible to dumps, including miner dumps.


Besides the raw online demo version of the altcoin alert system, which you're free to try through the link above, it's basically a concept/plan for later release. You can find more detail about NectarCoin here: https://bitcointalk.org/index.php?topic=812124.msg9090897#msg9090897

Thank you for your interest - feel free to let us know if you have any other questions.


A crowdfund - we're proposing to build a commercial-grade application for mainstream use, and the kind of development involved as well as other costs like legal and community management have to be funded to be sustainable and done right, though we've always been open to suggestions on how to best do that.

Note that we've proposed a strictly milestone-based multisig escrow release plan, where funds are released only as we deliver on the key components, shielding coin buyers from non-delivery and exchange risk. You can find more details here


Is this still the case? Shouldn't be. Let us know. We had an invite-only IP restriction in place previously to minimise the risk of traffic overload but have relaxed that and are offering open access to all for now.

Is this still the case? Shouldn't be. Let us know.

PoD isn't perfect, but it's a start and it confirms that we're a professional development team with very high ratings. We support any efforts to raise the level of quality and accountability in the altcoin world. What steps would you suggest?

Our proof of dev, btw, can be found here for those interested: http://proofofdev.com/sweet-nectarcoin/

Just trying to get the word out and reach people we might not have reached before. Looks like it worked.
A lot of people complain after an crowdsale (especially after a successful one) that they found out too late.

A crowdfund - we're proposing to build a commercial-grade application for mainstream use, and the kind of development involved as well as other costs like legal and community management have to be funded to be sustainable and done right, though we've always been open to suggestions on how to best do that.

Note that we've proposed a strictly milestone-based multisig escrow release plan, where funds are released only as we deliver on the key components, shielding coin buyers from non-delivery and exchange risk. You can find more details here

There was an IP restriction in place previously, but there should now be open access to all who want to view the raw demo of the alert system.

For more details, see our official BitcoinTalk thread

Nope, no POW - it would be POS. We want to build a coin that is as resilient as possible to dumps, including miner dumps.



Besides the raw online demo version of the altcoin alert system, which you're free to try through the link above, it's basically a concept/plan for later release. You can find more detail about NectarCoin here: https://bitcointalk.org/index.php?topic=812124.msg9090897#msg9090897

Thank you for your interest - feel free to let us know if you have any other questions.