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Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 26/09/2015, 10:14:12 UTC
Solid first day of trading almost done.

Up 50% from crowdsale price and steady holding.

Number #1 volume on both Bittrex and Cryptsy.

Very good start. No pump, no dump. Just slow, steady value increase.
With PoS mining you make a ton of money id the price stabilizes at this level.

Now the proof is in the pudding. Can they get a ton of users or not? I think the price will hold and then slowly start climbing as they release the games and micropayment applications and turn on the mainstream consumer marketing.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 23/09/2015, 22:00:01 UTC
Wallet at Bittrex is open for deposits/withdrawals.  We will be opening the market once we get the ok from the Neucoin team. 

thanks,
richie@bittrex

Thanks Richie, will do - excited for the first day of trading!

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Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 23/09/2015, 19:06:30 UTC

Just collected my coins from the presale!

Started mining, excited for Cryptsy and Bittrex on Friday.

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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 20/09/2015, 19:23:52 UTC

Come on Liqio, you said it once...

I emphasized the important sentence -> The team will do everything to make the value go up.
This is planned because that way and with the vast majority of coins under their control for a really long time, they can get rich slowly and consistently.

You call it smart, I call it reckless and greedy.

You said it twice...


Still..., yes, founders getting rich, nothing bad per se.

There is no dump (because supply side is controlled entirely by founders), but still a pump (look at the marketing efforts, the forum hopping, the paid articles, the ad campaigns, ...).

If you call that smart, well call it smart.
I call it long run scam.


No dump, gradually pumping through marketing, getting rich slowly and consistently, long run...

That sounds like a slow, steady value increase to me.

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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 20/09/2015, 12:44:35 UTC
Neucoin's distribution plan says exchanges will have the same restrictions as the angel investors and insiders - so they can't dump.

And why would they even want to? With more Neucoin bonuses based on volume, let alone their commissions based business model, they're better off with Neucoin being a long term success.

I don't think there will be any pump, nor dump.

I agree with LiQio, this will be a long, steady rise in value.



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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 18/09/2015, 17:24:59 UTC
Cryptsy

BTER

BTC-e

Poloniex

Bittrex

Bleutrade

Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 15/09/2015, 17:29:48 UTC
1. Exchanges: 50 million - 100 million NeuCoins
Exchanges are crucial ecosystem partners for NeuCoin. The NeuCoin Utility Foundation will proactively seek out and work with exchanges to list NeuCoin. It will give exchanges initial bounties for integration (with higher bounties going to larger, more strategic exchanges; also bounty payments will be higher the earlier an exchange lists NeuCoin) plus an additional large pool of NeuCoin bounties will be distributed to exchanges based on the volume of NeuCoin trading that they facilitate in the year following launch.
This bodes well. I'm guessing there will be a coordinated listing with a few quality partner exchanges. Incentives for exchanges to integrate. Bonuses to exchanges based on volume, I like it.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 14/09/2015, 18:40:56 UTC
I don't see the problem. Seems like they were always planning a coordinated listing within a month after launch. Probably smart.

The more exchanges the better for sure.
Agree. So probably smart to start with a few quality ones all at once. Hopefully with some marketing built into the deal. Day 1 or Day 10 isn't what's important.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 14/09/2015, 18:34:52 UTC
I don't see the problem. Seems like they were always planning a coordinated listing within a month after launch. Probably smart.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 14/09/2015, 18:22:31 UTC
They never talked about exchanges on day one, but a coordinated listing within a month of launch.

Here's what the update to crowdsale buyers said:

3. Exchanges

During the beta, NeuCoin will be able to share its source code and client downloads with various exchanges to allow them to prepare for listing NeuCoin. Our goal is to be listed on at least 2 to 3 exchanges within one month of launch and many more over the coming year.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 12/09/2015, 17:30:53 UTC
Missing my point again. I don't think neucoin's taxes or any of that stuff matters.
I'm trading the coin. Hoping it goes up. That's it.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 12/09/2015, 17:09:12 UTC
You're missing my point. I'M the one hoping to trade neucoin for a profit. Don't care what the angel investors and divorcees do.
Your bet is that I've lost my money. My bet is that I'll make a profit. Nobody knows. Time will tell.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 12/09/2015, 16:48:41 UTC
It's up to any coin trader how they choose to report and pay taxes on their profits. It's a commodity.
Whatever the creators of Ripple or Neucoin or Gems are doing doesn't matter to me.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 12/09/2015, 16:37:35 UTC
Bought Neucoin in the crowdsale. Hope to trade them for a profit. That's it.
Don't really care about other people's tax liabilities or whatever. It's crypto after all.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 08/09/2015, 14:29:46 UTC
... Either it works and all coin holders make money and it doesn't matter if the creators made 10 or 100 or 1000. Or it doesn't work and then nobody's coins are worth anything anyways.

This is a misperception. Neucon is designed in a way that creators control the price for a very long time.

I don't see it.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 08/09/2015, 14:15:42 UTC
Premine/presale is what people seem to have a problem with.

I think Gekko is right and the coin is overvalued given the supply.

The founding team will be able to support the price for as long as
they choose, but the moment they stop supporting it, it will sink
like a stone.

Yeah, maybe. But if it flies it flies. And none of this will matter.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 08/09/2015, 13:48:44 UTC
Maybe not you, but rizzlarolla did.

neucoin Project,

and,
"200 million sale-restricted coins are retained by the founders and other members of the NeuCoin Project team in exchange for contributing over $1,000,000 of unpaid work from March 2014 through the time of launch in the summer of 2015 (value of $.005 per coin)."
It's a tough sum to work out. For simplicity, if neucoin stayed at approx 1c all year, how much $ value will have been paid? Around $4m is it? For $1m work.?

and,
"The foundations have set aside an additional 300 million sale-restricted coins (plus PoS awards earned on these coins) to release to the founders over the three years following launch as compensation for their providing an additional $2.25 million of unpaid work (value of $.0075 per coin)."
Again, a tough sum. For simplicity, if neucoin stayed at approx 1c for three years, (and voting mech conditions were met) how much $ value will have been paid? Around $12m is it? For $2.25m of work?
Don't forget what Dart said, " I'm concerned as to why you plan to pay the founders after the launch at the value of $0.0075 per coin. Before creation I understand getting it at $0.005. But to get paid at a value under presale prices after launch seems wrong to me."
And being "paid at launch" for work 2-3yrs away has a multiplying effect. The $0.0075 valuation has no meaning or relevance? (in effect you are paid neucoin at $0.0015 ish at yr3. I havn't done the math.)

This is like discussing Fortune 500 CEO pay. Is it really FAIR that they make as much as they do? A gazillion times more than a nurse or a school teacher? No, you probably can't argue that. But if the stock goes up and all shareholders make money too, then they're okay with it. If the stock goes down, then shareholders are not okay with it.

I think it's the same for neucoin, it all depends on how it goes. Either it works and all coin holders make money and it doesn't matter if the creators made 10 or 100 or 1000. Or it doesn't work and then nobody's coins are worth anything anyways.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 08/09/2015, 13:13:27 UTC
You're saying creators earning coins is a bad thing. That they're worth too much money. Especially if those coins increase through proof-of-stake mining.
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 08/09/2015, 12:40:59 UTC
Okay, so the coin's creators are trying to make money, and the coins will grow with proof-of-stake mining. I don't have a problem with that.

Hi DanK, sure you don't.

Why is creators trying to make money a problem? Why is proof-of-stake mining a problem?
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Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
OCP
on 08/09/2015, 08:23:13 UTC
Okay, so the coin's creators are trying to make money, and the coins will grow with proof-of-stake mining. I don't have a problem with that.