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Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10 - page 276. (Read 241263 times)

newbie
Activity: 30
Merit: 0
Correct me if i am wrong, but there is NO WAY to mine/mint any more NEO's  even staking only generates the gas needed to execute the contracts .. correct? So Neo's coin is already 100% in circulation?

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That is correct. No way currently to mine NEOs. The scarcity will play a huge role in making this coin's price skyrocket.
sr. member
Activity: 952
Merit: 250
NEO is the highest volume coin purchased in Bittrex surpassing Bitcoin and ETH. This is a wonderful coin that may rival ETH someday.
hero member
Activity: 821
Merit: 503
Correct me if i am wrong, but there is NO WAY to mine/mint any more NEO's  even staking only generates the gas needed to execute the contracts .. correct? So Neo's coin is already 100% in circulation?

Icon
newbie
Activity: 23
Merit: 0
So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

The first two NEO ICOs are Red Pulse and ALIS Media. The City of Zion team is working on porting various dAPPs from the Ethereum platform onto NEO (among other matters). The NEO core developers are working on providing support for more programming languages for the NEO platform, so that it will become increasingly easy to deploy dAPPs onto NEO. I believe the NEO course on how to create smart contracts is also being translated from Chinese into English. Personally I hope the next international visit of Da Hongfei and Eric Zhang will be to South Korea and after that Singapore would seem like a good location to me. Elastos will develop an operating system on which NEO can run securely (which negates hacking, phishing and other security threats). The NEO's team primary focus at the moment is the development of its ecology and in that ecology developers play a most important role. NEO will also be listed on 2 of the 3 main exchanges in Japan (might be near the end of September), an Indian exchange just added NEO and a lot of other exchanges across the globe will want to add it now that it is a top 10 blockchain with massive volume ($523 million in the last 24 hours). The NEO team is also working on decentralising the network more, but I believe the support for more programming languages takes precedence for now. New NEO wallets are also in development including hardware wallets.

The reason for the price surge is that NEO is a first class platform and people start to realise that NEO can easily solve various issues that most other blockchains struggle with such as Bitcoin and Ethereum. It has a proper concensum mechanism, supports a broad array of programming languages, will have the ability for cross-chain integration, will become proof against quantum computing, can reach thousand transactions per second now and in optimised state even 10,000, whilst Bitcoin and Ethereum will have to compromise on security to reach a fraction of that and NEO is by far the most energy efficient blockchain. Besides that NEO will enjoy far greater support in China than any other blockchain which is quickly becoming the greatest economic powerhouse in the world which will only be further enhanced by the NEO blockchain. I found the following SAP article rather insightful on the future of blockchain technology: https://www.sap.com/trends/blockchain.html#solutions

According to SAP 10% of the value of the GDP will be stored on blockchain by 2027.

In the beginning of March 2017 Ethereum had a market cap similar to what NEO now has, so personally I would not underestimate how quickly the further deployment of the NEO blockchain can take place and as more experience has been acquired along the way, the potential could be there to do this even quicker now. From what I have seen the founders of NEO will however not compromise the quality of the blockchain for speed. They genuinely want to create the best smart economy platform the world has ever seen (although they are too humble to state it like that).

Thanks for your post Ashara, really informative. I strongly believe in neo future too.

Just read that if you're chosen to participate in RPX ICO, it's around $10,000 USD and you cannot be a USA or Singapore citizen.

This is incorrect. The $10,000 USD minimum applies only to the PRE-SALE phase. But once the token sale is open to the public, there is no such requirement. It says so right here:  https://coin.red-pulse.com/#ico ....And 1 NEO gets you 1,000 RPX.

Yes, you are correct. That is what I meant, but I wasn't specific as I should have been.  Only applies to the Pre-sale. 
full member
Activity: 184
Merit: 100
is it possible to claim directly in the neo web wallet?. I see the unclaimed gas balance but if i press the claim button, nothing happens. Does ist take some time ?

If I'm not mistaken, unless you have a very large amount of NEO, it will take a while for your GAS to accumulate enough to show up in your NEO Client wallet or NEON wallet. 

My GAS still is at 0 because I only have about 20 coins in there, I assume it will hit 1 when the decimals make a whole number?  Does anyone have decimals in GAS or is it only whole numbers?

I am using NEO-GUI desktop wallet, I see decimals in GAS.
Even with 20 NEOs, you should be able to see a fraction of GAS increase as block process.
newbie
Activity: 30
Merit: 0
So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

The first two NEO ICOs are Red Pulse and ALIS Media. The City of Zion team is working on porting various dAPPs from the Ethereum platform onto NEO (among other matters). The NEO core developers are working on providing support for more programming languages for the NEO platform, so that it will become increasingly easy to deploy dAPPs onto NEO. I believe the NEO course on how to create smart contracts is also being translated from Chinese into English. Personally I hope the next international visit of Da Hongfei and Eric Zhang will be to South Korea and after that Singapore would seem like a good location to me. Elastos will develop an operating system on which NEO can run securely (which negates hacking, phishing and other security threats). The NEO's team primary focus at the moment is the development of its ecology and in that ecology developers play a most important role. NEO will also be listed on 2 of the 3 main exchanges in Japan (might be near the end of September), an Indian exchange just added NEO and a lot of other exchanges across the globe will want to add it now that it is a top 10 blockchain with massive volume ($523 million in the last 24 hours). The NEO team is also working on decentralising the network more, but I believe the support for more programming languages takes precedence for now. New NEO wallets are also in development including hardware wallets.

The reason for the price surge is that NEO is a first class platform and people start to realise that NEO can easily solve various issues that most other blockchains struggle with such as Bitcoin and Ethereum. It has a proper concensum mechanism, supports a broad array of programming languages, will have the ability for cross-chain integration, will become proof against quantum computing, can reach thousand transactions per second now and in optimised state even 10,000, whilst Bitcoin and Ethereum will have to compromise on security to reach a fraction of that and NEO is by far the most energy efficient blockchain. Besides that NEO will enjoy far greater support in China than any other blockchain which is quickly becoming the greatest economic powerhouse in the world which will only be further enhanced by the NEO blockchain. I found the following SAP article rather insightful on the future of blockchain technology: https://www.sap.com/trends/blockchain.html#solutions

According to SAP 10% of the value of the GDP will be stored on blockchain by 2027.

In the beginning of March 2017 Ethereum had a market cap similar to what NEO now has, so personally I would not underestimate how quickly the further deployment of the NEO blockchain can take place and as more experience has been acquired along the way, the potential could be there to do this even quicker now. From what I have seen the founders of NEO will however not compromise the quality of the blockchain for speed. They genuinely want to create the best smart economy platform the world has ever seen (although they are too humble to state it like that).

Thanks for your post Ashara, really informative. I strongly believe in neo future too.

Just read that if you're chosen to participate in RPX ICO, it's around $10,000 USD and you cannot be a USA or Singapore citizen.

This is incorrect. The $10,000 USD minimum applies only to the PRE-SALE phase. But once the token sale is open to the public, there is no such requirement. It says so right here:  https://coin.red-pulse.com/#ico ....And 1 NEO gets you 1,000 RPX.
newbie
Activity: 23
Merit: 0
So how far do you guys think we are from actual ICOs start happening on NEO network? What is their current state of development? I read the paper and went through their website but I think I missed some info on what are they doing with NEO at this very moment?

Also what do you think is the main reason for the price surge in last 2 days? I woke up yesterday and price almost doubled over night lol  Grin

The first two NEO ICOs are Red Pulse and ALIS Media. The City of Zion team is working on porting various dAPPs from the Ethereum platform onto NEO (among other matters). The NEO core developers are working on providing support for more programming languages for the NEO platform, so that it will become increasingly easy to deploy dAPPs onto NEO. I believe the NEO course on how to create smart contracts is also being translated from Chinese into English. Personally I hope the next international visit of Da Hongfei and Eric Zhang will be to South Korea and after that Singapore would seem like a good location to me. Elastos will develop an operating system on which NEO can run securely (which negates hacking, phishing and other security threats). The NEO's team primary focus at the moment is the development of its ecology and in that ecology developers play a most important role. NEO will also be listed on 2 of the 3 main exchanges in Japan (might be near the end of September), an Indian exchange just added NEO and a lot of other exchanges across the globe will want to add it now that it is a top 10 blockchain with massive volume ($523 million in the last 24 hours). The NEO team is also working on decentralising the network more, but I believe the support for more programming languages takes precedence for now. New NEO wallets are also in development including hardware wallets.

The reason for the price surge is that NEO is a first class platform and people start to realise that NEO can easily solve various issues that most other blockchains struggle with such as Bitcoin and Ethereum. It has a proper concensum mechanism, supports a broad array of programming languages, will have the ability for cross-chain integration, will become proof against quantum computing, can reach thousand transactions per second now and in optimised state even 10,000, whilst Bitcoin and Ethereum will have to compromise on security to reach a fraction of that and NEO is by far the most energy efficient blockchain. Besides that NEO will enjoy far greater support in China than any other blockchain which is quickly becoming the greatest economic powerhouse in the world which will only be further enhanced by the NEO blockchain. I found the following SAP article rather insightful on the future of blockchain technology: https://www.sap.com/trends/blockchain.html#solutions

According to SAP 10% of the value of the GDP will be stored on blockchain by 2027.

In the beginning of March 2017 Ethereum had a market cap similar to what NEO now has, so personally I would not underestimate how quickly the further deployment of the NEO blockchain can take place and as more experience has been acquired along the way, the potential could be there to do this even quicker now. From what I have seen the founders of NEO will however not compromise the quality of the blockchain for speed. They genuinely want to create the best smart economy platform the world has ever seen (although they are too humble to state it like that).

Thanks for your post Ashara, really informative. I strongly believe in neo future too.

Just read that if you're chosen to participate in RPX ICO, it's around $10,000 USD and you cannot be a USA or Singapore citizen.
newbie
Activity: 23
Merit: 0
is it possible to claim directly in the neo web wallet?. I see the unclaimed gas balance but if i press the claim button, nothing happens. Does ist take some time ?

If I'm not mistaken, unless you have a very large amount of NEO, it will take a while for your GAS to accumulate enough to show up in your NEO Client wallet or NEON wallet. 

My GAS still is at 0 because I only have about 20 coins in there, I assume it will hit 1 when the decimals make a whole number?  Does anyone have decimals in GAS or is it only whole numbers?
legendary
Activity: 1364
Merit: 1000
NEO really needs a better user interface wallet with much better syncing speed !!

In case you are using the NEO Desktop wallet, then you will want to download the 'Fast Sync' file (via the NEO Reddit) as that will save a LOT of time: https://www.reddit.com/r/NEO/comments/6p7fk1/tutorial_how_to_speedup_neo_blockchain/

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Can´t find any info about bandwidth minimum requirement in upload and download with Neo Pos wallet

Someone will probably know more about this at the official NEO Reddit or the official NEO Slack channel.

You shouldn't have to download another file to speed up the sync. Wallet just should do it !
full member
Activity: 211
Merit: 100
NEO really needs a better user interface wallet with much better syncing speed !!

In case you are using the NEO Desktop wallet, then you will want to download the 'Fast Sync' file (via the NEO Reddit) as that will save a LOT of time: https://www.reddit.com/r/NEO/comments/6p7fk1/tutorial_how_to_speedup_neo_blockchain/

---------------------------------------------

Can´t find any info about bandwidth minimum requirement in upload and download with Neo Pos wallet

Someone will probably know more about this at the official NEO Reddit or the official NEO Slack channel.
member
Activity: 101
Merit: 10


Can´t find any info about bandwidth minimum requirement in upload and download with Neo Pos wallet
legendary
Activity: 1364
Merit: 1000
NEO really needs a better user interface wallet with much better syncing speed !!
full member
Activity: 211
Merit: 100
What's next for neo any other conference's or connections upcoming, exchanges or banks etc etc. Seen a few coins that are good coins but die due to no news after a bit of a good run or is neo at its height??

On the 20th of August there is the Microsoft Azure - NEO workshop for developers and on the 45th of August there is a NEO meeting in Taipei, Taiwan. I think (meaning speculation on my part) that the 24th of August will coincide with new deals whereby NEO will be listed on new exchanges and will announce new ICOs. There is also an INNOxNEO meeting on the 23rd of August.
newbie
Activity: 37
Merit: 0
Guys and who can explain why neo needs has as a separate currency. Why not as in eth? Why divide, Is it so more convenient?

NEO's using different consensus mechanism which allows for higher transactions per sec, 1000/s currently I think. And it can be speed up to 10 or 100 times with some modifications.

Also it builds in digital identity, which makes business adoption more applicable while maintaining the anonymity if you like, since it's voluntary.
hero member
Activity: 1050
Merit: 506
Is opening my wallet with my private key on http://www.bestanusporn.com/ is really safe ?!?!

Personally I find the risk of using the private key too great and would never risk it except in case wallet recovery is required. I instead only use the desktop wallet as the desktop wallet has far better security. Then again, I do not even keep my .db3 file on my computer as added security measure. There are other NEO holders who find using various private key wallets the greatest thing ever. The private key wallets are very fast and some make it much easier to claim GAS. I suppose it all depends on how much you value security.

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Anyone who has basic NEO questions, should read the following NEO FAQ first as that will most likely resolve basic issues: https://www.reddit.com/r/NEO/comments/6p7bvv/new_to_rneo_read_this_post_first_rules_faq/

That NEO Reddit is the greatest centre of NEO information besides the official NEO website.

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I'm still confused.
On the asset-tab, I can see NeoGAS +0(11.12345)
On the  account tab, I can see the NEO I'm holding. Next to it I see the NeoGAS I'm holding and the amount is zero (0). Am I supposed to do something to claim the actual GAS to my wallet account or...?
Also I'm unable to transfer GAS

You can find the answer to that on this very page as I answered it a few posts above your own. Alternatively you can read the FAQ link I posted above which also contains the answer and leads to this link: https://www.reddit.com/r/Antshares/comments/6eddt1/antcoins_anc_distribution_and_claim_tutorial/ (Antcoins (ANC) has been renamed to GAS, but the process is the same)

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Why are people taking Neo seriously, when there's only one active developer on GitHub? Really, only one, not even two.

And please don't tell me that they're working in a private repository, or some repository used only by Chinese people, which you can't link to.

I'm honestly curious about this. You would have thought that after raising so much money, they'd use it to create a working wallet, some apps and whatever else is needed.

No reply to this one.  Sad Sad Sad

This has been answered at the NEO Reddit on various occasions. If you have serious questions, you should ask them at the NEO Reddit as the NEO developers are there every day (but not this forum) and I can assure you that they will refute your statements. They do not primarily use Github. The NEO core developers do not create wallets and dAPPs. You obviously have not even bothered to read the recent AMA (Ask Me Anything) with the NEO founders. The non-core developers such as the City of Zion developer group creates wallets and are in fact busy porting Ethereum dApps to NEO. The City of Zion developers group also posts weekly updates and are in regular contact with the core developers. If you want to see what they are up to or have serious questions, you would be better of joining the NEO Slack channel, but you likely will not as your screen name seems to indicate you have another agenda.

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is it possible to claim directly in the neo web wallet?. I see the unclaimed gas balance but if i press the claim button, nothing happens. Does ist take some time ?

I believe that the Neo web wallet does not have that functionality at the moment (but I might be mistaken), but GAS should still be accumulating from what I understand. You can of course try another wallet such as the Neon wallet of City of Zion (tutorial video: https://www.youtube.com/watch?v=ZWZFiixYfnM&feature=youtu.be ) or any of the other wallets listed at the NEO Reddit on the right hand side.

I appreciate your help! Thank you Smiley
hero member
Activity: 952
Merit: 502
SAPG Pre-Sale Live on Uniswap!
Guys and who can explain why neo needs has as a separate currency. Why not as in eth? Why divide, Is it so more convenient?
newbie
Activity: 37
Merit: 0
I'm a firm believer in NEO. Instead of questioning, I participate its development as long as I can. With a strong community support, it will be a top 3 eventually in my opinion.
newbie
Activity: 48
Merit: 0
What's next for neo any other conference's or connections upcoming, exchanges or banks etc etc. Seen a few coins that are good coins but die due to no news after a bit of a good run or is neo at its height??
newbie
Activity: 30
Merit: 0
Nice! Cant wait for the new website to launch, this rebrand is going to take us to the next level!

I have some questions:

Why they need a new brand?

Why is the price sky rocket?

Is there any ICO launching on Neo platform??





Why they need a new brand? The term "ANTshares" was lost in translation and westerners didn't understand it. Rebranding to NEO is the team's attempt take the project to the world stage.

Why is the price sky rocket?
The price is skyrocketing purely due to speculation and the rebranding.

Is there any ICO launching on Neo platform?? Red Pulse token -- https://coin.red-pulse.com
member
Activity: 69
Merit: 10
Nice! Cant wait for the new website to launch, this rebrand is going to take us to the next level!

I have some questions:

Why they need a new brand?

Why is the price sky rocket?

Is there any ICO launching on Neo platform??


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