Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 118. (Read 196221 times)

True. I don't think there is any MLM dynamics at play here especially due to the glaring absence of downlines which is a central feature of MLM schemes.

And thanks for being objective. That is one quality in rare supply in these forums these days.

Well at least you have a reason. 

I'll say this: there's often a fine line between "successful affiliate marketing" and "scammy MLM dynamics". 

There's no need to run a QT client. The online wallet will have a "growth account" feature where you can simply transfer your coins and stake them without even the need to understand what staking is.

Neucoin plans to introduce this to its new users via a gamified tutorial that a new user will have to go through in order to receive a few free coins.

Again, whether all this will work is anybody's guess but it is not as if all this has not been thought of already and that you have come up with something brilliant that has no one has imagined so far!

But anyway, I'm glad this thread has matured into actually discussing neucoin and its future rather than the plain old boring "oh, this is a scam!".. "they will take you bitcoins and run off"..

For every new user you bring to Neucoin you get a certain amount of neucoins yourself as an affiliate fee. That is how the hugely successful affiliate marketing business is structured. By integrating neucoin into, say, your gaming website, not only can you earn revenue from the neucoins that are used in the game but you will also have the added incentive of earning the referral fee.

Plus, it will also depend on the kind of networking the Neucoin team can do in the days to come after launch. Only time will tell how that goes.

@rizzlarolla lol..thanks for the recap!! That is so thoughtful of you..haha..

They can't even get a bustling forum pre-launch and yet you're expecting the handful of actives to create a networking campaign to attain viral adoption... what?!

As well what about this 100% inflation?  NeuCoin would crash and burn when there's headlines like: "1 million users robbed of half their deposits".  Expecting people to run some QT client and stake their coins is complete bullshit and you're living in lala land or Dungeons & Dragons land if you think so.   Inflationary PoS isn't conducive for adoption and we've seen that here for years now. 

So if I'm an "other existing website", what's in it for me by integrating Neucoin?  

Why do you think Neucon is a "fantastic" experiment versus some other altcoin?

Torrgeek on nokoin forum (one of few users left)

"Guys..just ignore gekko. Pls do not feed the troll."

"I'm thankful that gekko was banned. We don't want this forum degenerating into what bitcointalk is today with forum members calling each other names at the drop of a hat. I've stopped visiting BCT these days due to how childish and senseless that forum has become. All that happens there is insults and more insults and more and the actual thoughtful posts (if at all there are any) get lost in the process. "

"Has there been any decision made on this distribution to other crypto holders @Sandrine? Do let us know."

" I understand there can be glitches etc. but I just don't get why the website hasn't been updated as yet. That should been the first thing they should have done!"

"Larger the supply, more the downward pressure on the price. Increasing rarity results in increasing prices. Pretty basic economics smile"

" I would love to see neucoin go up to $0.10 levels. Even if neu stayed at $0.01 at the end of 10 years, that would mean a marketcap of around $1billion and our returns would be 5000% which itself is great!"

LOrreV - "This is the reality of being an early investor in any normal company (not a crypto coin), the founders could just decide to run away with the cash. But you have to trade one risk for another."


It is not a "normal" start up risk to "invest" with known scammers and thieves.That is far beyond "normal" business risk. Known scammers and thieves are far more likely to run off with your money.

You have registered with nokoin forum yesterday, when will you ask some intelligent questions there. (As no dev ever comes here) Read this whole thread, then bring something new and factual to this forum other than supposition please.

yes

As far as I know, Neucoin's plans involve developing partnerships with other existing websites. Jango and RadioAirplay are more to be used as Proof of Concept during the initial stages of the coin. They plan to use Jando and RadioAirplay more to test and optimize and iron our any initial bumps.

I think Neucoin is a fantastic experiment. Whether it succeeds or not is something else. Also, it is not very impractical to aim for 1 million users in 1 year. It is very possible for a new coin (whether neucoin can do this obviously remains to be seen) to gain that sort of a user base in mere weeks if the coolness and social factor really takes off. In these days of intense social engagement, 1 million users is mere pittance.

Neither Jango nor Radioairplay are frontrunners in their field - Tunein and especially Pandora have 10x registered users and a greater number of unregistered users.

It looks like they've been editing the NeuCoin site and wikipedia a lot but one of their earliest claims was NeuCoin would have 1 million users within a year, when Bitcoin itself only has 100,000, according to the Federal Reserve, to 250,000, according to Jeffrey Robinson.  In other words Kaufman thinks he can attain 10x more users than BTC within 12 months (even though his current forum appears to be a ghost town).


Jango and Radioairplay together, if there is not an overlap in users, is only around 14 million freemium users (meaning at least 97%+ does not pay for anything) and if he can really get 8% of them to adopt NeuCoin then Daniel Kaufman is in the wrong business - he would be making $10s of millions doing seminars on freemium conversion because that accomplishment would be like selling ice to Eskimos or Oxygen to 1 billion people on earth.

This is the reality of being an early investor in any normal company (not a crypto coin), the founders could just decide to run away with the cash. But you have to trade one risk for another. You can trust the team to do what they say they will, or alternatively, if you invest in another coin, trust that it can grow virally in a way that beats out all other alt-coins on the market all by itself.

You can try to paint the team having all these business connections as a bad thing, but to me, having radioairplay, and jango.com as clients right off the bat, contributes to the chances of success, rather than subtracts from it.

I think you're seeing all these risks as larger than they are, because they are not normally associated with a cryptocoin, but these risks *are* associated with any startup company. I also think you're not seeing how large the usual risks are with a newly minted cryptocoin, and how the Neucoin team is attempting to mitigate them with a highly diversified and experienced team of individuals backing it. Simply, a cryptocoin can't succeed on it's technical merits alone. In other words, an idea ahead of its time is just that. Unless you can convince the masses, if you build it, they *won't* come.

is the coins being held staked? then they might end up controlling even more..

LOrreV - "The reason most of the coins being held by the foundations is to get the coin in the hands of many different types of people."

OK maybe, in theory. But its clearly open to abuse.
We have been told very little about the foundations structure. (A subject you could ask about nokoin forum about?)

We know at launch the nokoin "team" will be paid 200m nokoin for work done. Value at presale $2m or  8000btc (declared  as $1m)
We know the nokoin "team" have another 300m nokoin reserved for work done after launch. Value at presale $3m or 12000btc (declared as $2.25m)
We know that foundations will be under nokoin "team" control for years to come.
We know a large block of nokoin will be awarded to companies that help nokoin grow.
Starting with radioairplay owned by Dank aufman. Award value $? (undeclared)
and jango.com, founded by Dank aufman. Award value $? (undeclared)
Possibly many more "DanK" companies?
Possibly many more "team" companies?

Combine the obvious opportunity for fiscal abuse with an old boy network of scammers and thieves. I will be dumping my survey coins.

(Seriously, why not ask for some details on nokoin forum? Sandrine is hoping to launch in July. Also disproportionate staking rewards for larger holders, some figures please. Also some of Dartious Questions/concerns could be answered, unless it's just blind faith for you)

The reason most of the coins being held by the foundations is to get the coin in the hands of many different types of people.

With most alt-coins so far, the only people that end up owning it are pretty much the founders and the speculators that bought early hoping for a raise in price, and then looking to sell to other speculators, and so on... basically the Greater Fool theory. For these other alt-coins, there is no real reason anyone would own them outside of this sphere of cryptocurrency speculation. This makes the value of the network very small.

The Neucoin team is taking a different approach, which is why they only sold 3.3% of their coins in the presale. They want a heterogeneous network full of different types of people using it. Of course, if the Neucoin team kept all their coins to themselves, with 96.7% of the coins held by them and only 3.3% by speculators, the coin would be worthless. I'm sure even the Neucoin team realizes this. But suppose Neucoin had instead gone with what seems to be the popular opinion on this message board, and placed all 100% in the hands of cryptocurrency speculators. It would be my contention, that in such a case, the coin would be just as worthless as all the other hundreds of failed altcoins out there, and would suffer a similar fate.

So why in both of these cases, a large percentage in the hands of speculators, and a small percentage held by the founders, or a large percentage held by the founders, and a small percentage held by the speculators, does the coin not have any value? It's the property of the network of people that hold the coin.

A homogeneous network full of speculators is almost as worthless as a network owned by the Neucoin company itself. In a homogeneous network, there is no one that anyone has that is worth trading for to anyone else. On the other hand, a network of coins held by many different people from many different industries *is* valuable. In other words, the value of a network multiplies in total by each new industry it breaks into.

After launch, the Neucoin foundations will be putting Neucoin in the hands of many different actors in all kinds of different industries. In addition, it's designed to be extremely easy to use and acquire... there will be a fully integrated online wallet at launch, a cloud based mining service, and many promotions to earn coins.

This, IMO, is how a real valuable network is born, one where many different kinds of people from many different industries get involved. This kind of network gives many people a reason to buy and use your coin, outside of small sphere of speculators that is greatly personified by the people haunting this message board .

Disclaimer, I don't speak for the Neucoin team and am only an investor. But, you can read more of their official statements on the matter here:

http://www.neucoin.org/en/wiki/#strategic-distribution
http://www.neucoin.org/en/wiki/#pre-launch

true.  they seem to have the spare funds to pump it at will, and of course, they can also dump it.
assuming they will be manipulating the market price, then they will have to strategize how much do they want to pay early investors to keep appearances up and get even more bag holders. 

if we assume this thing is not 'going viral', once they realize that, their goal will likely be max profit...they will probably try for a few epic pumps timed with press release news.  just my two cents.

It doesn't matter. Price will be dictated by the NoKoin team (er, I mean foundations) for years.

Never. All you get is spam to your inbox.