Topic: [IPO-ANN][NEON] :: Neon :: The Most Advanced Second Generation Currency - page 9. (Read 38116 times)

Yea i'm sure Visacoin / Veracoin and Aerocoin investors had to have "balls" too after they ran off with $130,000 worth in those IPO scams.  I think those with brains win over balls.  Just ask the Federal reserve. 

https://bitcointalksearch.org/topic/visacoinaerocoinverocoinsharesneon-scammed-just-with-14-posts-402536

from that thread

BUYERS BEWARE!!

Somebody ban this guy, too.

Did he really just compare Bitcoin to escrow with a third party?

No escrow. NEON founders need to have balls.

escrow is kind of like bitcoin.  it limits foul play.  if you all believe in your coin enough, you'd allow escrow with a trusted 3rd party source.  as it stands you put the burden of risk 100% on investors.  believe in your product? put your neon where your mouth is and allow escrow.  You'll probably get 10x the amount of support if you do.  Win-win.  If you don't, you just cast a greater shadow of doubt.  You saying investors will leave makes no sense.  If you have a hickup in development, our coins will still be safe in escrow, why would we back out as long as you always keep us in the loop with the development process.  Next excuse?

This seems interesting, but unless NEONs can provide more substance I'm inclined to believe it's a scam. NEONs said programmer #2 would answer some of the more technical questions. Waiting see if programmer #2 shows up.

Alright I'll take the bait on this one, gunna send some NXT your way.

The ideas behind it seem sound, and mentioning the tor network should get the secretive investors excited.

Though I should mention you seriously need a designer on your team, coins get legitimised so much more when there's a professional looking website to back it up. And press releases need header images to stand out (I do this for a living).

If you need a visual helper pm me.

So here's the most fishy part: No limit on maximum donation. With the current scheme, it's very likely that some people will end up with 10+% of the total coins in neon. This distribution will be even worse than NXT. They claim that they will send back BTC which would cause someone to have too large a stake... why not limit it in the first place? Suspicious.

If OP truly wanted to create a more distributed coin (not to mention, claiming to have all of NXT's features magically finished in 2-3 months by 3 people with no large scale testing), why in the world would they even have an IPO? Why not reserve a small amount of IPO coins for bounties (they claim their will use the BTC received through this funding for bounties) seeing as if they actually deliver, NEONcoins will be worth 1000x they are now? Instead of receiving a 1-time payment (which may only amount to 10k USD), they could have had millions of USD to fund projects to increase the value of NEON.

A distribution scheme that would have made logical sense:
40% nodes
40% subsidized transactions
20% bounties

Why not go all the way and make distribution 100% fair, why go only half-way and have an "IPO"?

Still no descriptions and only a logo created by someone else.

If they either a) accepted escrow or b) actually showed something proving they actually have the code, I would invest right now. But with neither, this screams scam.

or you can be like me and cash out partially to make up the price I paid for it initially. Keep the rest for the future if it every becomes worth more than it is now, if not then whatever

I like the crash in price, allows more people to buy in cheaper if they wish. Removes many of the people that just bought because of a price spike they were expecting.  NXT has a lot of features that are being built with a growing community and a lot of people trying to help it grow. I like the look of NEON if it ever was to actually be released, but doesn't seem like it may at this point. Interested in eMunie as well.   Improvements are never bad  

Can somebody ban this guy? He's talking about killing an economy with weaklings… That kind of investing should be disallowed on here, it will ruin the culture and the success of this community.

Haha touché!
However, if they used their "power" to grow the NXT market, they would have made even more money. They know that. They cashed out while it was a guaranteed payday.
Partially "I'm gonna cash out now that it's up a bit", and partially "Shit, the value isn't skyrocketing now that the code is public like we thought it would, I'm out of here."

I might have if you didn't just insult me. FYI, it's not ADD… It's euphoric energy from all this money I made.



Ehh… It's annoying, but honestly I can't blame him. I remember that limitation when I first signed up here. It was fucking horrible. I couldn't get any posts done. Glad I'm able to post without restrictions now.


Quit hating so hard.. Give it a chance. Nxt is what? 3 months old? With the founders out of the picture, the economy can stabilize finally.

OP, please provide escrow.

I agree.

That unsafe fund raising culture started by threads and "projects" like this is getting out of control.

Ladies and Gentlemen: be aware!

bliljerk101... ADD
lay off for a while, you're all over the place  

kinda weird that OP managed to squeeze one barely meaningful post.. for the whole day
must be busy with his MIT buddies



WTF are you talking about. They are cashing out, yes.
There is nothing spineless about it. HELLO?! THAT WAS THE PLAN ALONG.

You expected them to babysit and cherish their stake? Maybe wait for little guys to get rich LMAO.

That looks like what VisaCoin is right now...lol

We'll see what develops of NEON though.

Unfortunately I think it will take a large scam to wake people up to the dangers. I do hope Neon has a great future but for now there is no way of knowing.

Exactly. Look what just happened to NXT. Some of the top dogs decided to take their money and cashed out big time. The market cap dropped off, and it scared away a bunch of people.

It's always easier to get frightened into cashing out when you stand to lose more as well.

When high stake holders cash out, they affect the market. This makes everyone nervous, and suddenly very little money gets put back in to the market to recoup what the high stake holders took.

http://en.wikipedia.org/wiki/Duck_test

Even this is not a scam (highly doubt it), this kind of fund raising should not be encouraged in the community. If anyone could create a new account and ask for money with only vague information and nothing concrete, what will this community be like?

Without some actions taken, this kind of scam will always work. A lot of people will think 'what's the harm to throw away 0.1/0.01 BTC for a tiny chance it will become 100/10 BTC months later just like the case of Nxt'. Even if there're only 100 victims, the scammer could get 10 BTC at no cost other than answering some questions in the forum.

I'm not claiming Neon is 100% scam, but just saying that this kind of fund raising should be forbidden in this forum, no matter it's scam or not.

why no escrow?