Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 71. (Read 196191 times)

I just had a good laugh on getneucoin.com ...



Totally scam shit!

3 exchange reps on one page ... wow!

This is an interesting new model for coin launches ... ETH and now NUE certainly have raised the bar on how to do ICO.

Get the popcorn ready!  Watching.  

It's just another shitcoin.  Spike, drop, oblivion.  Which part is your Bitchin Camero-ness confused about?

It is just another shitcoin, this time, with a plan to funnel pre-mine pre-sale and early trading profits offshore because the founder is an experienced Internet swindler.

Yup, confirmation email says free survey coins will be made available within 30 days from launch.

so for free coin from survey giveaway will be able to sell after 30days coin added on market?

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.

So you advise investors to sell immediately and eventually buy back (100% profit on the transaction)
And everyone else not to buy early because price will come down (today early buyers expect a loss of 50%)

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...

Honi soit qui mal y pense, n'est-ce pas Sandrine et Daniel?

My take on the main reason:
With the availability of exchanges the need for buy-support arises in centrally planned economies.

1 NEU = 1 USD
 

Evasive and deceptive?
Sandrine explains minting rewards.
http://forum.neucoin.org/t/multiply-your-neucoins-through-growth-accounts-and-mining/1677

"Some examples to illustrate how compound interest affects returns from mining:
Consider four miners that each start with 100,000 coins and mine them from launch for one year: a very unlucky miner (Jonald), an unlucky miner (Rizz), a lucky miner (Kuato), and a very lucky miner (Visma)."

It goes on to say,
Jonald mints once a year
rizz twice
Kuato once a month
Visma every two days

A completely pointless and meaningless explanation.
Irrelevant and deceptive.
(quite funny though)

This would NEVER happen.
They all own 100,000 coins, so they receive the same, on average.
(the differences being shown here MUST be because of different stake sizes, not luck.)
No one with 100,000 coin will mint every two days.

And Sandrine goes on to says,
"So, what ARE the expected times to mint blocks based on stake size? Of course it isn’t based on luck at all.."

Correct, just what I was explaining,

And,
"It boils down to: what percent of TOTAL NeuCoins being staked are being staked by an individual miner."

Correct, so if they all own 100,000 coin they all, on average, get the same interest. (luck makes a small difference of course, but NOTHING like in Sandrines example)

So, the bigger the stake, the more often you mint, the more you compound, the higher the return %.
So, someone with 1m coin will stake every two days on average. lets call him primevalsoup. primevalsoup will make 147% on average.
rizz, who staked 11,000 coin (survey coin?) mints in 180 days. (or less because rates have decreased in a month, these are "todays" figures) will make 103% on average.

So, what if someone owned 300m coin, lets call him Dan.
Dan will be minting every 10 miniutes. 150 times a day.
4500 compounds per month, compared to primevalsoup 15 compounds per month. rizz 0.17 compounds per month.

So neucoin Project,
What is the interest rate for someone with 300m coin?
How much more than 147% is it?
A lot.
(anyone ?)

Also. For $2.25m work, founders will receive how many neucoin over 3 years?
Much more than my previous guesstimate of 1.5bn coin. ($15m presale)
2bn ($20m presale) ? More?

(Same question on founding team, angels, team, seed ect another 500m coin for staking?)

(of interest, timengler raising interesting issues here http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640)

Bitcoins beginning to flow out of the Seychelles now: https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH?sort=0

172 BTC ($40,500) so far in the last 24 hours. 

All of them seemingly going to this address: https://blockchain.info/address/1DWHoLtePnaeGGKPAa6DyC1pzFb3sCq1t4

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

Good question.

How can we track the regime's accounts with billions of coins?

Cryptsy Neucoin wallet is open for deposits, and trading will open at 11 AM EST. Glad to be a part of the excitement.

Also Cryptsy has its coin sponsor program now as well which might be of interest to the community. Learn more about it here https://www.cryptsy.com/coinsponsors.

Hey Richie,

Thanks for the quick, clear answer!
Good luck.

Likewise and I'm happy to see it's based on one of the latest versions of QT

Downloaded Neucoin qt client, works nicely.

Where is the block explorer?