I think that exactly this - properly executed - would be huge. just huge. a widely spread "fun" currency for "super likes" and games etc with millions of new users adopting it - it would be enormous. and not like dogecoin, which was still by and large a cryptocurrency-community phenomenon, but in truly large numbers of normal users who know nothing about bitcoin or any of this. literally 10 million users and useful and viral. that would be such an enormous change from any cryptocurrency so far. in fact, if they could achieve that type of distribution that alone would make neucoin very valuable.

there was this interview with wences cesares a while back when he talked about bitcoin adoption and how it's all about critical mass, how email with 6 million users was just a curiosity, etc. and he mentioned these small, viral, "fun", casual, flowing types of behaviours as what would really could bring the masses in. not beating the credit cards for online shopping. not beating the banks for wire transfers. not anynomity. but this fingertip type flow of tiny little bits anfd things to do, eventually reaching critical mass.

I believe that's how cryptocurrency will become popular. and i believe neucoin could maybe do that, or at least that that's what they are seeing and trying to do. it's certainly what i see in it.

a few excerpts from the wences interview below:

"There are 6 million people in the world who have used bitcoin, and only 300,000 of them have ever actually used it to pay for something. So most people are using it as a store of value. I believe that this is the perfect native internet currency. It has all the attributes to flow across the web and mobile just as bits flow, as information moves. And that can change the world, but not with only 6 million people. Maybe with six hundred million."

"What’s happening right now with bitcoin is very much like what was happening with the internet in 1992. Before the browser, someone looks at TCP/IP and says, oh my God, this thing moves information from anywhere to anywhere real time and for free! It’s going to change information forever, so I’m going to launch Netflix. Well, hold on. Yes, but not now. Not for 20 years. First we need much better computers, more broadband, lots of things have to happen. Same thing with bitcoin. Yes, it will change everything, but not now, not yet. Email with 6 million people wasn’t email, it was a curiosity."

"Trying to push payments now, trying to replace credit cards, I think would be a mistake. Like trying to push video in 1992. Dogecoin taught us a lot. The kind of things they were doing, five cents here, five centers there, are where bitcoin can thrive. No fighting to replace credit cards right now. Enable the flow of tips and small transactions around the internet, that is the more natural entry point. We play tic tac toe online: I put down 50 bits, you put 50 bits. I win and buy a song. You leave me a little tip on an article because you like my comment. It’s whatever, but it flows."

full interview:
http://www.theverge.com/2014/8/29/6082195/the-fort-knox-of-bitcoin-xapo-wences-casares

so, regardless of all these calculations it just comes down to whether they convert millions of new users or not.

I agree neucoin is still in development. just like ethereum, it's not just about what is there the first week after launch, or how it's trading short term - it's about what you think it may become. I've said it before and I'll say it again: the only thing that matters is whether or not neucoin can deliver on getting millions of game-playing, viral, social regular consumers to adapt this thing.

it's all about what will or will not happen over the next year when neucoin starts rolling out on games, facebook, etc. that's what the strategic plan is all about. will they convert a lot of users? will it get viral? will it engage more and more service providers?

basically - can the foundations distribute the premine in a way that gets neucoins in the hands of millions of users? if they can - it will be huge. if they can't - it won't. but it's way to soon to tell. they haven't even started with the consumer applications yet.

at its core, neucoin is basically a ripple/stellar proposition - have a premine and try to distribute coins in a way that encourages participation and growth.

the other way to do that would have been to have one giant foundation premine ripple/stellar style. premine the entire supply. but then the foundations would remain dominant forever instead of becoming a minority holder in just a couple of years, ultimately holding almost nothing, more like an early incubator than a constant whale forever and ever. also, the ripple/stellar way early adopters wouldn't be rewarded, it wouldn't incentivize viral spread, etc. also, the price would have had to start ridiculously low and if successful grow to something ridiculously high. this way, the price is more stable (relatively speaking, so far 15% or so down from presale price), and the growth instead comes in the form of pos. same end result, just different ways of doing it.

I personally think that the high inflation/high rewards with a more (for game playing consumers) understandable price is a better way to go. and will get more viral.

wait and see if they can get millions of users or not. that's what this is all about.

hahaha, no no I'm not advising anybody, I'm just guessing... it will probably be volatile at first.

my main points were
- you make a lot from mining and growing, so don't just look at the price, your holdings can still go up in value
- I believe in long term value AND mining increase, regardless of what short term traders are up to. it's when the big user numbers come in that this thing will really take off.

YES! hahaha, well not quite, but I do think we'll see 10c. I think NEU will go up 10X on the first day of trading, depending on volume of course, then settle down at 5X at the end of the day. then roughly hold that price, in spite of all the PoS inflation, and slowly climb up to 10X again in coming months if Neucoin can show good user growth numbers. if they execute games and social well, a million or two users could be quick.

an interesting exercise would be the following: if one does full on PoS mining (which starts with super high rewards but declining over time), when and at what price is it smarter to sell than to keep mining (and get the rewards). even if the price just sits at 1c or even goes down, it is still "going up in value" if you mine or do growth accounts, so it's not just about the price - you may still make a lot more from mining/growing than from selling...

finally friday! time to load up on some more neucoins...

can't wait for the bell to ring!
thx bit john

drop it detective rizzlarolla, you're such a grumpy doomsday prophet. or paid by somebody to trash and spread fud or whatever it is. YOUR bctalk account is weird if anything. always negative, always trying to make everything seem dirty and weird and some conspiracy.

you know, accuse all you want, but maybe its' just as simple as everyone doesn't always agree with you. maybe some of us just happen to have a genuine interest in neucoin, bought in the presale, like the concept and hope it does well. will you chill.

i tried to engage here and share info because i'm into neucoin, but apparently that's VERBOTEN. unless we want to trash along with you, you're gonna go all bully on everybody. prince charming.

very cool! like that a lot.

there's a summary at the top of the post that shows pos rates for first 12 months and year, 2, 3 etc until 10. then at the bottom a longer breakdown of all months from 1 to 120.

just found this. great resource for calculating how much you can earn from pos mining.

http://forum.neucoin.org/t/neucoin-pos-award-rates/1479

which exchanges do you think would be best for neucoin?

how great is this. downloading the windows binaries now.