Topic: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official - page 83. (Read 196191 times)

2 New updates on neucoin forum,

Some queries -

Update 1
http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526

Coin holdings restricted for use or sale
First of all, unlike any other cryptocurrency project, all members of the founding team, angel investors, and service providers of the NeuCoin Project have agreed to the imposition of use and sale restrictions on the NeuCoin tokens they have received or will receive. Restricted coins become unrestricted according to the following schedule:

2% of holdings per month in the first year,
3% per month in year two
4% per month in year three
5% per month in year four
6% per month in year five
After year five, all restrictions expire

But, the strategic plan was updated this week and that say's-
http://www.neucoin.org/en/wiki/#role-of-founders-amp-team

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...

So, is it 5yrs or 3yrs, or, are the "founders" not the same as "founding team".  
Not clear. Marketing speak.
(Also, no figure on total coins received over the period, for clarity.)


Update 2
http://forum.neucoin.org/t/the-neucoin-foundations-plans-for-distribution-of-neucoin-over-2015-and-2016/1529

NeuCoin Growth Foundation: 1.4 billion NeuCoins
NeuCoin Utility Foundation: 0.8 billion NeuCoins
NeuCoin Code Foundation: 0.2 billion NeuCoins

So, the new coin distribution is shown, but no mention of the reduced capitol?
The "at least $1.2m", previously promlsed as "$1.5m" now reduced to "$1m" in the wiki this week?
(always shown together previously, e.g. "Utility foundation 0.8bn neucoin + $400k")
http://www.neucoin.org/en/wiki/#funding



Just in,
http://forum.neucoin.org/t/selling-neucoin-related-domains/1347/10
Sandrine, Hi @kay5ive : NeuCoin will be listed on a few exchanges shortly after launch. We will communicate more details as soon as possible.

No exchange at launch? Who would have thought?
Bit of a damp squib.  

That's not true. I've gotten email confirmations saying my survey neucoins will be delivered within 30 days of launch.

I've also been invited to the beta, where it's very clear everyone gets 10,000 test coins just for testing.
In the same email also clearly says that those are just test coins and that the real survey neucoins will be delivered within 30 days after launch.

really, where do you know that from?

Now this

"- 0.2 billion sold to strategic angel investors for $1 million cash invested"

is pretty sketchy. By the way, those 10.000 neucoins for filling in a questionaire, were for the testnet. Could have told us before, but then again, nobody would have filled it in.

Indeed.



Now good luck writing code!

Foundation's funding commitment silently reduced from

"at least $1.2million" minimum with $1.5million stated

to

"at least $1 million" with $1.0 million stated




SEE THREAD...

This is still the same,

"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). Note that if the foundations fail to institute the voting mechanism described below within one year of launch, the founders forfeit their rights to receive the remaining 200 million coins."

So, why are the 300m neucoin, set aside for founders still counted in the foundation totals?

Why refer to the work as "unpaid" when founders are clearly being well rewarded?

Is an email based voting system acceptable for reward?

And why not answer this question,- How many neucoin will the founders receive in total (on this deal alone) over the three years for their "unpaid" work?

Perhaps there was no original 2M from angel investors and they only had some vauge letter of intent.
Now that they have money from prelaunch, the investors can get out risk free (which was the intention
all along) with some free neucoins for their troubles.

That means neucoin only have 1M to prop up the price.

I just want a bit of clarity.

The strategic plan has just been quietly updated.
A quick summary of what has changed.
(otherwise you will have to read the whole thing to find the updates, there are no pointers)

Code foundation 0.2bn neucoin + $200k    (was 0.3 + $300k)
Growth foundation 1.4bn neucoin + $400k (was 1bn + $600k)
Utility foundation 0.8bn neucoin + $400k    (was 1bn + $600k)

"neucoin Project" used the old figures here as recently as 7th Sept. Less than 1 week ago. Deflection?

"foundations will be funded with 2.4 billion NeuCoins and at least $1 million"
(down from "at least $1.2m" in the old plan, although "$1.5m" was stated as above )


Anyway, don't bother telling anyone.

Edited (within the hour) to clarify my figures (using scam confirmed post p.60 as correct ref.)

SadNeuCoin - apologies if you've interpreted my post as an Ad Hominem. Its not, I'm just trying to get to the bottom of the motivation of various posters here. We've already seen how Gekko is a delusional fantasist, who now tell us that in addition to being a Wall Street Hot Shot and Vietnamese Insurance tycoon he has also worked for a France-based start-up (funnily this has only come up now) - all while being a world leading "Securities Expert." His questioning on company structure illustrates his complete lack of understanding of how average technology companies are structured, let alone one in pre-MVP mode with an internationally distributed team, dealing with a field as complex and emergent as a cryptocurrency. I'm also still keen to see why Rizzlarola set-up an account in April to exclusively rubbish NeuCoin from every possible angle.

As I've said before on Reddit, its quite possible that NeuCoin may be a scam and/or an utter failure. I'm just bored with all the one sided hating (verging on the pathological) that's been going on here and am trying to get my head around the motivation for it. I'm all for balanced arguments, but they seem to be pretty absent.

Neucoin will launch before September 30, so very soon 

Hi, Yet Another Newbie!

We've asked lots of questions here,  and are just waiting for answers from Dan, Ophelie, Sandrine and the others.

Questions like:

What is the name of the company running all this, and their Siret Number, you know, where all the "employees" are and the financial statements?

Why all the off-shore stuff?  Neucoin doesn't want to pay French taxes?

All of the "insider trade" information normally disclosed in an investment document.  What are the actual holdings of the Angels, both before and after the presale?

Newbie, Newbie!  We are just asking questions.  Instead of answers, we get sock puppets and attacks on our persons.

I have only ever attacked Dan, because he is demonstrably scum, and Sandrine, who is obviously so incompetent that she has been banned by Dan from posting here.

We are just seeking a bit of truth.

But, truth is not forthcoming from this lot of scammers, because, they have too many securities crimes and too much "contractor" tax evasion to hide.  There are no employees because Ophelie, Sandrine, Mark and the rest are "contractors", being paid "en noir", "sous la table".  Offshore.

That's how tax scamming works in France.  I know.  I have been at a start up in France with a scumbag for a leader.

The nice thing is, someday this whole thread will lead investigators exactly where they need to go.

Cheers,

Gekko

Hello,
Normally I'm reading here in order to obtain general information and to expand my own perspective by different opinions.
But this has gotten more difficult by the increase of Ad Hominem attacks and blatant insults. I’m speaking of course to Gekko463 and the escalating number of Newbies in this thread who increasingly use personal attacks. I would therefore like to ask that both sides stop this and argue rationally again.

I ask you not to justify yourself, I only ask you to resume a civilized discussion.

when neucoin be distributed?

That you are dumber than anyone else that posts here is pretty clear from you giving you pocket money to serial internet scamming millionaires.  We've kept our money and warned you not to.

Yes, I own an insurance brokerage in Asia.  Now.  In the 90's to early 2000's, as you should know since all you dupes can do is look at my Reddit history as far as due diligence goes was covered a few weeks ago:

https://www.reddit.com/r/neucoin/comments/3jcwho/questions_for_former_president_of_neucoin/cuo9dam

Stop giving your money to millionaires.   

And get Ophelia, Sandrine and Dan to answer some questions instead of just trying to discredit critics.

I have never infected 100 million computers with spyware and was never sued by Elliot Spitzer.  I have never had to "settle" a lawsuit without admitting or denying charges that I was an Internet slime bag.

So, I've got that going for me.  Dan doesn't.

This is brilliant. Yes, you're a "securities expert" - If only the Neucoin team had come to you for advice on how to structure things, instead of wasting time and money with lawyers, accountants and other professional advisors (all no doubt specialising in what is a pretty complex and cutting edge field)! What they really needed was to consult an insurance salesman from Vietnam.... 

So we can put Gekko in the delusional column.

I am a securities expert, you stupid motherfucker.  We went through this weeks ago on Reddit.

This thread is nuts, a handful of posters with an obsessive attack agenda, posting pretty much daily on this and very little else. Discounting anyone with anything positive to say as a shill or sock puppet. Its all a bit strange isn't it? One has to wonder what's the motivation?

I've particularly enjoyed the evolution of Gekko's conspiracy theories - from take the money and run scam, to pump and dump scam, to securities and tax fraud. He throws together a scenario does some googling for terminology to make him seem an "expert" and then posts it to see what support he can get, if the cheerleaders buy into it he gets all excited and posts it again and again - each time with more bold and randomly using his shift key. Theories which don't stick he orphans - there is a nice example on Reddit where he claimed Neucoin were bribing journalists, when in fact they were talking with the the advertising sales team of a news website. He also gave a great lecture all about how marketing works. His current area of "expertise" is company structuring - I've learnt a lot from his posts, mainly about how he doesn't know what he's talking about.

Rizzlarolla - you fascinate me even more, have you ever posted about anything other than NeuCoin? Did you set up your account back in April purely to criticise it? If so one has to ask why? Have you ever said anything positive? Some of the points you make from time to time seem worth discussion, but its amongst so much noise and snide bollocks that it gets lost. I'm honestly intrigued as to your motivation. Your latest whinge is that you can't get facts and they won't answer you. Its pretty clear if they answered and rebutted all of the bullshit on here they'd need a whole other full-time team. And it wouldn't make any difference, you guys have your set agenda since the beginning and it is what it is. I'm just genuinely intrigued as to what your motivation is...

FWIW - I invested some "piss about" money in the presale, mainly because I thought the concept was interesting. I've used the beta and was impressed - its a clean UI and simple to use - I like how its looking. There is a huge opportunity for whoever can get this stuff right, it may be them, it my not be. The delay stuff was badly communicated but the real proof will be once it launches if they can get mass market interest.