[ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 136.

HunterGatherer

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Quote from: hund on April 28, 2015, 07:57:56 PM

Likely presale selfbuys or entirely imaginarey numbers to make the illusionary impression of demand for it. The oldest trick in the book.

Wow you're cynical! I guess that's possible but why "likely"? Especially give the list of angel investors? I'll admit - I actually did buy some.

Quote from: hund on April 28, 2015, 07:57:56 PM

In crypto every presale is a scam until proven otherwise.

I understand the once-bitten-twice-shy feeling if there have been a lot of scumbags running scams in the digital currency community. That said, I don;t think you can lump them all in the same bucket. Or you can if you want, but that just means you'll never be an early adopter in a coin like this.

jonald_fyookball

legendary

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Core dev leaves me neg feedback #abuse #political

Quote from: HunterGatherer on April 28, 2015, 07:43:09 PM

Quote from: jonald_fyookball on April 28, 2015, 07:17:28 PM

I read their white paper. What security features do you see? What value have they added?
Perhaps I missed something.

Hi Jonald_fyookball,
I think there are a few but specifically the variable stake modifier was a smart change, shorter block time, and not using coinage to affect your liklihood of creating a block.

Ok, granted these may be an improvement over Peercoin.

However, they are not really innovative as they've
been done in other coins, and certainly do not "foil all attack vectors", at
least not as described in the paper.

(Sounds like neucoin may actually be a fork of blackcoin)

fdylstyx

full member

Activity: 158

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Quote from: hund on April 28, 2015, 07:57:56 PM

Likely presale selfbuys or entirely imaginarey numbers to make the illusionary impression of demand for it. The oldest trick in the book.

In crypto every presale is a scam until proven otherwise.

Valid point but what would self buys at this point accomplish?

fdylstyx

full member

Activity: 158

Merit: 100

Quote from: HunterGatherer on April 28, 2015, 07:43:09 PM

Quote from: jonald_fyookball on April 28, 2015, 07:17:28 PM

I read their white paper. What security features do you see? What value have they added?
Perhaps I missed something.

Hi Jonald_fyookball,
I think there are a few but specifically the variable stake modifier was a smart change, shorter block time, and not using coinage to affect your liklihood of creating a block. But the security enhancements are sort of the baseline of what everyone expects/needs from a coin. The bigger benefit - and one I feel like not anyone can just "invent" - is the community they bring to the table. They could drive adoption *fast*. Time will tell, but their presale has already sold about 35% and they just started it this afternoon.

Wouldn't you agree that 35% sold already constitutes a very high demand in light that they were expecting this to run for a month? And if their agreements (any of them) meant anything don't you think they should already be pulling in the reigns? You know...the purchase cap...to protect small buyers as shown in my last post.

Maybe they've forgotten about that in their shock and awe at their success. Or perhaps they're just too busy mixing the BTC as they come in. It must've caught even them off guard.

hund

member

Activity: 130

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Likely presale selfbuys or entirely imaginarey numbers to make the illusionary impression of demand for it. The oldest trick in the book.

In crypto every presale is a scam until proven otherwise.

HunterGatherer

newbie

Activity: 12

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Quote from: RealMalatesta on April 28, 2015, 07:20:11 PM

Don't expect an answer. He seems to be one of their shills...

Nope, not one of their shills. Just tired of hearing a bunch of guys agree with each others negative blather, as if your communal agreement makes what you say true.

fdylstyx

full member

Activity: 158

Merit: 100

From the purchase agreement.

" Purchase limits to protect small buyers

For the first 50% of the NeuCoin tokens offered in the presale (50 million coins), purchases are limited to no more than 5 million NeuCoins per registered buyer. After the first 50 million coins have been sold, the purchase cap will be lowered to 1 million NeuCoins per registered buyer. Should demand be very high, this cap might be lowered even further."

Almost 35 million sold in first 8hrs of the first day of a supposedly one month long campaign to sell 100 million Neucoins. Either the sales are not real, although many at the website have confirmed they've gotten their confirmation, or the numbers are real. In any case it looks like things should go much more slowly in a few hours when the limit of purchase is dropped 50 5 fold to the 1 million cap.

Has anyone seen such a bull run on an alt before? It is quite remarkable. Scam or not.

fdyl

HunterGatherer

newbie

Activity: 12

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Quote from: jonald_fyookball on April 28, 2015, 07:17:28 PM

I read their white paper. What security features do you see? What value have they added?
Perhaps I missed something.

Hi Jonald_fyookball,
I think there are a few but specifically the variable stake modifier was a smart change, shorter block time, and not using coinage to affect your liklihood of creating a block. But the security enhancements are sort of the baseline of what everyone expects/needs from a coin. The bigger benefit - and one I feel like not anyone can just "invent" - is the community they bring to the table. They could drive adoption *fast*. Time will tell, but their presale has already sold about 35% and they just started it this afternoon.

scam confirmed

hero member

Activity: 630

Merit: 500

Quote from: hund on April 28, 2015, 06:48:00 PM

I also think the presale numbers on the website are fake.

I don't. People are greedy. Dumb money flows.

Quote from: hund on April 28, 2015, 06:48:00 PM

I see a lot of red flags here.

You are not alone.

Quote from: cryptowest on April 28, 2015, 07:05:46 PM

4000 BTC, I really hope this isn't a scam

It is.

Quote from: cryptowest on April 28, 2015, 07:05:46 PM

or this might be a real death for alts. Sad

Not at all.

Quote from: HunterGatherer on April 28, 2015, 07:12:10 PM

Maybe NeuCoin will succeed

No it won't.

Quote from: HunterGatherer on April 28, 2015, 07:12:10 PM

maybe no

Definitely no.

Quote from: HunterGatherer on April 28, 2015, 07:12:10 PM

but do you really think that they've added no value on top of Peercoin?

Yes.

hund

member

Activity: 130

Merit: 10

It'll be rather easy to find out if the numbes on the website are a lie or not. Someone who buys some (not me) just needs to follow the btc where they end up.

RealMalatesta

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Quote from: jonald_fyookball on April 28, 2015, 07:17:28 PM

Quote from: HunterGatherer on April 28, 2015, 07:12:10 PM

Quote from: TaunSew on April 28, 2015, 05:47:29 PM

Why doesn't everybody just fork Peercoin 10 times on their computer and be a multi-millionaire with a valuation of $30 million? Why don't we give computers to impoverished people and tell them to fork Peercoin too? Poverty could be ended tomorrow.

Can you hear yourself? Did you read anything about the research they did to identify/quantify/improve issues with existing coins? (specifically around security). In your dream world do these random Peercoin-forkers also have access to successful business partners with services that have tens of millions of monthly visitors? This kind of comment just makes you sound uneducated or at least uninformed. Maybe NeuCoin will succeed, maybe not, but do you really think that they've added no value on top of Peercoin?

I read their white paper. What security features do you see? What value have they added?
Perhaps I missed something.

Don't expect an answer. He seems to be one of their shills...

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: HunterGatherer on April 28, 2015, 07:12:10 PM

Quote from: TaunSew on April 28, 2015, 05:47:29 PM

Why doesn't everybody just fork Peercoin 10 times on their computer and be a multi-millionaire with a valuation of $30 million? Why don't we give computers to impoverished people and tell them to fork Peercoin too? Poverty could be ended tomorrow.

Can you hear yourself? Did you read anything about the research they did to identify/quantify/improve issues with existing coins? (specifically around security). In your dream world do these random Peercoin-forkers also have access to successful business partners with services that have tens of millions of monthly visitors? This kind of comment just makes you sound uneducated or at least uninformed. Maybe NeuCoin will succeed, maybe not, but do you really think that they've added no value on top of Peercoin?

I read their white paper. What security features do you see? What value have they added?
Perhaps I missed something.

HunterGatherer

newbie

Activity: 12

Merit: 0

Quote from: TaunSew on April 28, 2015, 05:47:29 PM

Why doesn't everybody just fork Peercoin 10 times on their computer and be a multi-millionaire with a valuation of $30 million? Why don't we give computers to impoverished people and tell them to fork Peercoin too? Poverty could be ended tomorrow.

Can you hear yourself? Did you read anything about the research they did to identify/quantify/improve issues with existing coins? (specifically around security). In your dream world do these random Peercoin-forkers also have access to successful business partners with services that have tens of millions of monthly visitors? This kind of comment just makes you sound uneducated or at least uninformed. Maybe NeuCoin will succeed, maybe not, but do you really think that they've added no value on top of Peercoin?

cryptowest

sr. member

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4000 BTC, I really hope this isn't a scam or this might be a real death for alts. Sad

Good luck.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

This really smells like a P&D.

You can register as many accounts as you have e-mail adresses.

But still they claim:

Quote

purchases are limited to no more than 5 million NeuCoin tokens per registered buyer

So one user can easily "buy" more than 5 million Neucoins for pumping.

And at the end of the day, they may or may not disclose an address where the BTCs are transferred to. Take a closer look at the wording:

Quote

"all purchase amounts will be transferred to a publicly visible multisig address."

Well, every address is publicly visible in the Blockchain. But they don't write if they will tell which address it is...

But on the other hand: greed eats brain. So it is well possible that some ppl will really invest some Satoshis.

hund

member

Activity: 130

Merit: 10

I did not get my questions answered. I did not find an anwser to them anywhere. I do not understand how people can invest a single dollar without knowing the answer to these questions.

Quote from: hund on April 26, 2015, 03:30:17 PM

-Do the sell limitations for the insiders also apply to the interest they yield from their holdings?
-How do you want to exercise control over the funds of the insiders? (how to make sure they play by the rules?)

I also think the presale numbers on the website are fake.

I see a lot of red flags here.

fdylstyx

full member

Activity: 158

Merit: 100

Quote from: jonald_fyookball on April 28, 2015, 05:23:50 PM

blockchain.info

Thanks, I looked and it shows today's date. You'd think they'd have set that some time ago but whatever. Still makes no sense to me.

Quote from: Sandrine89 on April 28, 2015, 05:39:27 PM

Quote from: jonald_fyookball on April 28, 2015, 04:40:07 PM

Quote from: fdylstyx on April 28, 2015, 04:35:26 PM

Quote from: jonald_fyookball on April 28, 2015, 04:24:31 PM

where's the BTC address? Or is it like I suspected... there is no public address?

I expect this is the address you speak of Disclosure of Purchases:

Company will make all purchases publicly visible and verifiable on the Bitcoin blockchain at the following multi-signature address: 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH

Let us know what you see.

Also there shows over 8 million sold in the first 4 hrs. You can watch the sales here. http://www.neucoin.org/en/presale

I'm still waiting to hear others lawyerly opinions on the Purchase Agreement before I decide.

fdyl

I only see .05 BTC there. I have no reason to believe they sold 8 million coins (320 BTC worth).

Hi there, each purchase request will generate a new, unique address to which the BTC can be sent. At the end of each day, all purchase amounts will be transferred to a publicly visible multisig address.
As was indicated in this blog post: http://blog.neucoin.org/post/117444378516/guide-to-the-neucoin-presale

Is it even remotely possible that this isn't even an attempt at a P&D but rather a 24 hour SUCK? By that I mean an elaborate copy and paste scheme to suck in as many people as possible in a 24 hr period (or for as long as they can get away with it) before they just leave it and walk away with a shitload of BTC?

The ticker says over 20 million of the supposed 100 million sold already and there's over 17 hrs left. Who's to stop them from taking over the 100 million?

An epic $50 million SUCK! Then either a huge dump on the exchanges pushing the price to who knows where? Either they buy more back at the low price or they just take the fiat and run laughing all the way to their banks.

I ask you. Who's to stop them? Is what they're doing even considered illegal? Surely there's a way to deal with stuff like this or BTC is doomed.

fdyl

TaunSew

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Activity: 756

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Quote from: RealMalatesta on April 28, 2015, 04:35:57 PM

From the "NeuCoin Token Presale Terms":

Quote

You agree that the laws of the Republic of Seychelles, without regard to the principles of conflicts of laws thereof, will govern these Terms and all matters relating to your purchase of NeuCoin Tokens, including all disputes between you and Company.

And then:
"How Seychelles became a paradise for dirty money and corruption" - the headline of this story: http://www.taxjustice.net/2014/06/10/corrupt-little-seychelles-became-paradise-dirty-money/

http://www.neucoin.org/en/purchase_agreement

Why Seychelles? I thought this was based on the Isle of Man (which is also host to a lot of shady things too).
In other words there are no terms of service, because you'll just tell you to argue with some lawyer in the Seychelles who can't be accessed and/or the law is on their side. Seychelles is always host to boiler room scams.
http://en.wikipedia.org/wiki/Boiler_room_%28business%29

A valuation of $3 million for a fork of Peercoin and inflation to the moon that'll only benefit the founder? You don't say? Cheesy

Why doesn't everybody just fork Peercoin 10 times on their computer and be a multi-millionaire with a valuation of $30 million? Why don't we give computers to impoverished people and tell them to fork Peercoin too? Poverty could be ended tomorrow.

fdylstyx

full member

Activity: 158

Merit: 100

Quote from: neo1947 on April 28, 2015, 05:36:07 PM

the address is provided 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH shows 0.05 btc,neucoin smell fish

Hmmm how did I miss that 3MrNuks. I believe it's spelled Nyuks...as in 3 Stooges.

Why I autta...

Sandrine89

newbie

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Quote from: jonald_fyookball on April 28, 2015, 04:40:07 PM

Quote from: fdylstyx on April 28, 2015, 04:35:26 PM

Quote from: jonald_fyookball on April 28, 2015, 04:24:31 PM

where's the BTC address? Or is it like I suspected... there is no public address?

I expect this is the address you speak of Disclosure of Purchases:

Company will make all purchases publicly visible and verifiable on the Bitcoin blockchain at the following multi-signature address: 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH

Let us know what you see.

Also there shows over 8 million sold in the first 4 hrs. You can watch the sales here. http://www.neucoin.org/en/presale

I'm still waiting to hear others lawyerly opinions on the Purchase Agreement before I decide.

fdyl

I only see .05 BTC there. I have no reason to believe they sold 8 million coins (320 BTC worth).

Hi there, each purchase request will generate a new, unique address to which the BTC can be sent. At the end of each day, all purchase amounts will be transferred to a publicly visible multisig address.
As was indicated in this blog post: http://blog.neucoin.org/post/117444378516/guide-to-the-neucoin-presale

Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 136. (Read 196221 times)