Hello,
one thing from NEO white paper has concerned me.
"NEO, with a total of 100 million tokens, represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided."
Now does that mean that you can buy only 1 NEO, an not 0.1 , 0.5 or even lower than that?
If it does that is quite troublesome. Now when NEO is 11$ there is nothing to worry about, nobody wants to buy only 0.5 NEO or 0.001 or something like that.
But when the price will grow( we hope it will) and it will reach let's say 100$ or even 200$ per NEO. Now somebody would like to buy NEO but not necessarily 1 NEO, but some smaller amount 0.5 or 0.05 but he or she won't be able to.
How will price continue to grow if most of the small investor will be disappointed when they won't be able to buy smaller amount of NEO, that is less than 1 NEO.
I mean you can buy ETH, STRAT, QTUM every token similar to NEO in much smaller amounts like 0.0001 even.
Why did creator of NEO do that, dont they expect NEO will grow or what?
NEO is essentially a share in the network. You cannot buy half a share in a company either. Each share also represents a vote. Votes cannot be split either. The GAS NEO uses is fully divisible, so in various instances it would then be more useful to use the GAS instead of the NEO. Berkshire Hathaway as Warren Buffet's company has shares that are worth more than $200000 each and that apparently is not detrimental to Berkshire Hathaway. The matter that NEO is indivisible also offers great advantages such as that NEO is not meant to fork unlike almost all other cryptocurrencies. It also means that a proper decision making tool is in place, so that when the community disagrees, they vote on it and the matter should be settled and settled permanently. So you will not have any 'Ethereum Classic' or 'Bitcoin Cash' situations at NEO. When NEO states that 100 million NEO and GAS are in existence at most, then that is truly the limit and there is no fork that will keep increasing the quantity through such 'creative means'. If too many forks happen it will erode confidence significantly. Now there might only be 2 Ethereums and 2 Bitcoins, but imagine the chaos if they turn into 6 or more different versions of each other and there is nothing from stopping individuals from doing just that.
NEO is mostly focused on using blockchain technology for the smart economy which will make numerous facets of the economy far more efficient. In contrast many other cryptocurrencies are only focused on being usable a currency and that is about it. The real value in blockchain technology is in how it can improve the economy. The PoW mining farms which hold entire cryptocurrencies hostage and are then marketed as the 'people's money' when all they are doing is acting like central bankers have little to offer the world. With the NEO platform in time you will for example be able to book hotel rooms and acquire access to them without requiring any personnel....the process could all be digitized and automated. Likewise you would be able to buy a piece of an otherwise illiquid good such as a rare painting or perhaps you would like to search for real estate and then buy 0.1% of an office building (and automatically receive monthly dividends via the blockchain on that). You could likewise prove your ownership via the blockchain which would be free from manipulation. Blockchain can likewise be used to transfer important documents that should only and will only be seen by the counterparty to which they are sent. These are but a few of the many possibilities of the NEO blockchain. A dAPP could of course also be developed on top of NEO that could optimally function as currency, but that is not their primary focus. NEO seeks to remain compliant with governments in order to assist in conducting business in the real world and directly competing with central banks is not the way to do it. Sure, central banks should be in the hands of the people and not private corporations pretending to be public institutions, but that issue should be resolved in another way......not giving power to mining farms and then pretending the issue is resolved as that only moves the problem.
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When mainnet neo launch?
NEO's mainnet launched in October 2016.
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Any idea when will bittrex etc change the name? Now it seems to be quite confusing. I like the ant-logo much more than the neo-logo.
Antshares (ANS) had a nice theme behind it, but the 'share' aspect caused confusion at times as to what it was in the cryptocurrency sphere. At the same time it encompassed very well what an ANS was. Nevertheless NEO has a more mature and modern image and the key aspect is the focus on the smart economy and that message simply cannot ever be conveyed as well with Antshares. All in all I think this is an excellent step in the right direction, but I can understand that it will take some time to see the true value of the new image. Then again, the rebranding has not even been completed, so at the moment the two cannot properly be compared.
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The next controversial project by this gang of thieves. I suppose there will still be an unpaid advertising campaign. I have never imagined that the Chinese can cheat like that.
It looks like you are the real scammer. You have added nothing of value whatsoever except for acting like a leech. I know.....I have seen your post history. I do not feel sorry for leeches not getting rewarded for being a leech.