Bitcoin Forum

Received so far: 2.41794378 BTC

Donations are accepted until 1st March 2014 (50 more days of IPO)

6-Jan-2014 update: NEU coin Documentation uploaded (White Paper) Google Drive (https://drive.google.com/file/d/0B0EMFft8SejBRzgyeUpOMTJWSGc/edit?usp=sharing) mediafire (https://www.mediafire.com/?yvc8229knblblb0)
7-Jan-2014 update plan: (part of the code will be made available for the interested tech guys)
                                  NEU coin giveaway time will be announced 3 hours in advance

What is Neutron?                                                                                        

A completely different coin in itself. It is not an altcoin based on someone else's work. We have written the code from scratch, and we have been working on it for the past 5 months. The code is written in Java, is closed-source, and we plan on releasing it 6 months after the official launch of the coin. Our team is composed currently of 3 developers, 1 webmaster (also responsible with advertising) 1 hardware maintenance technician and 1 coffee girl.

There will be a total supply of 10,000,000 NEU contained in 200,000 blocks which concludes for 50 NEU/block

We chose the Java programming language mainly because we could not achieve what we wanted to, if we just made another copy of the SHA-256 or SCRYPT altcoins. Plus, Neutron does not need to be mined, as the Genesis Block which is 10,000,000 coins will be released on 1 March 2014, so SHA-256 or SCRYPT does not help us in any matter whatsoever. You may say that this coin is pre-mined, but you would be wrong because there is no mining done here, just a distribution of coins, the price of which we cannot control.

Any feature currently announced can disappear in a whim, while many more can appear overnight, due to the volatility of a coin's management and creation phase. For instance, while we currently have finished working on the "Hide me" feature, we cannot guarantee that it will stay forever in the system. "Hide me" completely hides the user's address, recent transactions, his client reputation and his wallet's node relay (every node is responsible for maintaining 2250 wallets and is identified with 6 digits after the identifier as "{A4:Yy|D2:Yy|G1:Yy|i:Yy}-XXXXXX" where X is a variable determined by the node's location (wallets are hidden by default, nodes are not, think of them as inspectors) and Y is the quality of the wallet based on past activity, with the identifier ranging from the weakest "G" to the super "i")



Why use Neutron?

Because we need a unique currency with completely different concepts that back it up. In our case, the Neutron features near-instant transaction speeds (91.037 sec. for confirmation time, 1-5 sec. to coin acknowledging time) 100% Proof of Death system (51% of the transaction's time is used to make sure that the coins are destroyed), a self-repairing complex algorithm (for instance, your damaged wallet can repair itself by comparing it's code with the ones from the network, same with coins from bad transactions), a client-job jumping system (which assures that no action is returned as a loop just because a selected client isn't responding properly) and many more.

Can you imagine the benefits alone that a quick transaction brings? The power to buy anything in under 2 minutes, anywhere, anytime. No 1 hour-long transactions, no paper money, no credit cards, no banks, no eyes to spy on your economical activity. Now you can achieve complete anonymity with a dash of speed.


Neutron Abbreviations

Main coin measure                  1 Neutron = 1 NEU
Secondary coin measure          1 Neutrino = 1 NIN = 0.001 NEU


Neutron features:

1. 10 million coins
2. Written in Java
3. Uniquely created code from start to finish
4. No mining needed
5. Superior autonomous system
6. Near instant transactions
7. Decentralized exchange system (ToBeImplemented, possibly soon-ish after launch)
8. A client ban/appeal system


Resources:

Website neutrons.us (http://neutrons.us)
Blockchain block.neutrons.us (http://block.neutrons.us) (live on coin launch)
Community forums.neutrons.us (http://forums.neutrons.us) (no personnel to handle it at the moment)
Wallet Cache Example wcache1038.neutrons.us (http://wcache1038.neutrons.us)
Shareholders Pie Chart neutrons.us/shareholders (http://neutrons.us/shareholders)


Initial funding

This post marks the Genesis period which will last from this moment until 1st March 2014 when further funding will be refused, coins and wallets will be released, the blockchain will go live, and the project as a whole will be launched. We will release the source-code 6 months after.


How does the funding work

Quite differently from what you were used to so far. Let's say that the 1st founder donated 0,1 BTC. That means that as of this moment he owns 100% of the coins to be released. Then another person decides to be a founder and he donates 0,3 BTC. Now the 1st founder has 25% of the shares, and the 2nd Founder 75% of the shares and so on. This is being done so that everyone has a chance to be a Neutron founder/holder (power-shifting principle) as it is not based on some first come first served basis. Thusly it allows the spreading to be more legitimate, price efficient, and not be centered around one powerful individual or a couple of them, which ultimately decide the coin's fate on the market. The shares owned by anyone during this funding period will be updated every 8 hours.

At the end of the IPO period, NEU coins will be released to the founders according to the Shareholders Chart (you get a number of Neutrons depending on the percentage of shares that you own) For instance, if you own a share of 31% you will receive 3,100,000 NEU.

The share-holding chart can be viewed live here http://neutrons.us/shareholders (http://neutrons.us/shareholders)

NEU will use an unique transactional algorithm, which surpasses any current cryptocoin's speed of transaction. During our initial testing phase, we achieved a staggering speed of 91.037 sec between the sender's sending command and the actual confirmation of the coins at the targeted address (coins are acknowledged in 1-5 sec. tops, we did not emphasize on that, because we thought people would immediately assume it). This is possible due to the unique and un-exploitable confirmation feature of NEU which works like this:


Simply put, in a transaction, the sending person's coins are destroyed and created at the receiving person's address, for a fee of 0.01%
Transactions are marked as COMPLETE after they have been reviewed by a total 47 NEU clients (transaction time varies)
Transactions are marked as INCOMPLETE in certain special cases.


Main client (Work in Progress):



Features of the main client (Work in Progress):
- Inbuilt decentralized currency exchange
- NEU trading
- Messaging
- Completed transactions live panel (NEU-BTC, NEU-NEU, WIP on other currencies basic sending/receiving)
- Bulk addresses creation/destruction
- More to come

Where we are

Current wallet state: IN DEVELOPMENT
Current coin state: IN DEVELOPMENT
Current coin design state: DONE
Current blockchain state: IN DEVELOPMENT
Current website state: LAUNCHED
Current forum state: IN DEVELOPMENT
Current pie-chart state: LIVE
Current support state: LIVE
Current Android and iOS wallets state: IN DEVELOPMENT
Current code state: CLOSED

How to be a part of the future

First of all, take a look on the White Paper (https://drive.google.com/file/d/0B0EMFft8SejBRzgyeUpOMTJWSGc/edit?usp=sharing), and decide for yourself if you want to be part of this project or not. It's a pretty solid read.

To own a share of the Neutron project send your donation at: 18Ngv1dcoxJuZtkZv8VBAPu8om58QYEA4k (your donated BTC quantity will determine how many shares you will have relative to other people's investment)
Be sure to also send us an email with the following details at funding@neutrons.us
- the BTC transaction ID (TRXID) do not send us your address as we have no use for it
- a name to be written in the "Founders" page of neutrons.us (http://neutrons.us) website

For NXT you can deposit to this account:  6635869272840226493


Everyone who buys any shares (quantity doesn't matter):
 
- Becomes a genuine founder, and will receive forum status of "Genesis Founder" when our forums will come online on launch day (currently there is no available personnel to handle the forums)
- Will have 0% transactional fee on the first 25 transactions
- Will have a name of his choosing (no naming policy) permanently embedded on the Neutron website in the "Founders" category
- 3 out of 4 founders will have a name of their choosing (common sense naming policy) INSIDE the actual Neutron coin code. Chosen people must e-mail us before 25 February 2014, or they will lose their piece of history.


Suggest a feature, contribute technically

Send us an email at developer@neutrons.us if you have an idea for an improvement, a new feature, basically anything that crosses your mind. We are extremely open to suggestions, so don't think twice!

Note that this project is merely at it's humble roots. 5 months in the making don't make a young coin very powerful, but it can surely become one! Until it's official launch, this coin will undergo constant improvements, numerous code cleanups, will lose some of it's features, and surely gain other ones. Anything can happen as long as it's staying true to it's goal, which is to EVOLVE.

Also, bits and pieces of the code will be provided to 100 beta testers (which will test the whole network sometime at the end of February this year) for that extra insight and tiny bugs which we would most surely miss. If you want to be a part of them, just drop us an email, and we will see about it.

reserved, i like wallet client on pic, good luck :)

Seems interesting. Reserved

ok so it is not a 100 % pre-mined coin, because the coin is not mined ok  ::)

I wanna be in on this pyramid scheme, please take my BTC upfront  ::)

+1

LOL it could be an interesting idea, an experiment, but without opensource code you have no credibility.
Until then, you are just asking for money

Interesting!

I don't see how a transaction time of 2min is good?

Credit card and a lot of Altcoin have a better confirmation time.

Sent 150 DOGEs.

yet another visacoin-style BTC collection scam

it is getting more than boring

another java altcoin

Good luck

Perspective -> 0

Thanks everyone for the warm reception. All the webpages have been updated accordingly to the new changes in share holding. Also, keep in mind that we will be unable to follow this thread 100% of the time, because we are undergoing hardware upgrades. Also one of our developers crashed the network during a test today, so that leaves us with alternating online/offline connections. Very frustrating at the moment.

Looks interesting, but why closed source? Why not release early, often and with source?
It wouldalso be interesting to publish technical details on your website.

I ll keep an eye on the project!

waste time.

pass

Written from scratch in Java by forking the NXT source lolz

Don't know... i like it!

Working on them as we speak. We want the people to know exactly what is going on with this project, so technical details are a must; expect them on the website sometime tomorrow or the day after. Due to the work that we must put into this coin, the advertising part suffers a bit. Truth is that we're behind schedule, as we initially had in mind a December 2013 release. But problems arose, the staff is limited... here we are today.

Nextcoin again?

Looks good.

I think the most fair distribution of NEU will be if you limit the max amount of BTC to be received.
It is better to have 1000 people sent by 0.1 btc than 100 sent by 1 btc.

Two months is enough to find 1000 people at least.

Okay so first things first. This is not a fork off NXT, as we didn't have access to their code when we started writing ours. And we will not release the source-code, at least for a while, giving people time to accustom themselves to this type of coin after it has gone live. We do realize that by choosing Java, this coin will evolve in the shadow of Nxt, just as Nxt did behind the Bitcoin, but that looks like a pattern already, which we don't mind being a part of.

The speed of transactions will improve drastically in the next 2 weeks of improvements (we will cut on the nodes, increasing their responsibility over more wallets). Also you guys should keep an eye out for the GIVEAWAY that is bound to happen tomorrow, time to be announced 2 hours beforehand.

Certainly, and maybe setup a neutron foundation account that would invest 1BTC and invests its part in sponsoring different developments and promotion of the coin (eg funding bounties). I feel this is missed in the nxt community where the stakeholders are expected to take that role, but it's understandable at least some of them hold their coins

Open your source.
Show some code and white paper for a descentralized exchange system. (what can be trade?)
+ descentralized email exchange where people must pay to contact me, and I must pay to contact others.

Need also a precise explication about how double spending is prevented.
(and the code for the techguys to check)

Then we can talk.

..... i think i prefer paypal  :o

Why so late? Is it full of bugs and you are afraid others will discover them too soon? Or is it ugly spaghetti code without any documentation or unit tests? Smells highly suspicious.


You sit on the full bag of all the coins now, so by selling the bag to the public (oh look! these fools trade our coin for $1 a piece! quick, dump the remaining 5 million coins!) you can easily influence the coin (so after our dumping the coin is 1000 pieceses a dollar? buy those 10 million back, we'll still have 4990 thousand left :)


there goes the code stability ... if we are too lazy to support something, we'll just throw it out of the window.


90 seconds is instant? So what is then non-instant? 1 week?
Some quick coins with 30 or 60 sec blocks come quite close to this.
CC transactions are under 5 seconds usually (though they are centralized...). Beat it.


Complete anonymity? Just wait for zerocoin. I'd guess people that are into some sort of money laundering usually don't care that much whether their monthly profit will launder in 15 minutes or 5 minutes :)


So a recycled and polished university project?


You have too much money? We ban you. You can send your appeals at /dev/null.


And close to the end of IPO period, you can just easily take all the BTC's in the pocket and buy effectively some 50% share :)
Perhaps even repeat it multiple times :)


So you actually just have a web with pie-chart done? Not much ...


Cool. How long until someone writes a bot that will monitor the block chain for transactions to the donation address and send out emails "the transaction XYZ is mine, my founder name is ABC."? If your code is as secure as this, then god save us ...

Also, the necessity of banning system suggests that this is rather snake-oil crypto secure just because nobody can see easily under the lid and once (ONCE, not IF) the client is decompiled, I guess first usable attack will follow shortly thereafter.

Show us at least some whitepaper, or some more technical description of the algorithm, so we can verify that the algorithms used are solid.
Otherwise it is just another vaporware project.

Hey all investors
Contact me to insure your investment in Bitland,  Visacoin,  Aerocoin, Verocoin or other IPOs. I have the perfect plan that will cover your loss in case something bad happened to the developers like  ;).
More details coming soon.

OK, so the dev had his account created 3 days ago. Website built on wordpress with free template form here http://wordpress.org/themes/hueman. One - two day work... Seems legit...

I clicked on the bitcoin sign on the pie chart website.
He auto started my multibit asking if he needed to put the payment info on it.
Could this have infected my multibit and thus having my keys stolen ?

Or is this a legit feature?

https://bitcoinwidget.appspot.com/

Another NXT.

Reserved, i like this coin.. ;D

ok so you wanna clone Nxt.

you get the java source easily now and need 6 months to study it and make adjustments to open source it so it seems legit but you don't even need to do that when you collect the btc.

but seriously, couldn't you just name it differently thatn NEON and NEXT , you had to also keep the blue N part?  :o

let me c..

You can press on that button 100 times, it will happen the exact same thing every single time, which is to copy the destination BTC address into your Multibit client and that's it. You decide how much you want to support with, or if you really want to send your donation or not.

As for tomorrow, we will post some updates on the main post of this thread later on.


We said it already, we are aware that our timing is bad, but that wasn't up to us, 2 developers (1 is mainly absent for 3 weeks or so) cannot build an entire system from scratch in under 6 months. Five have already passed and we still need more time. It would have been a god send if the NXT source code would have been released before we started working on this project, we would fork on it, and add the concepts that make NEU an original coin. But now we are too deep to back out, too much has been invested so far (energy, time, relations) Also we are pretty confident that if we put NEU's source code up for sale, there would we at least 2 big buyers, the code is that good.

happy to hear that

"with Neutron you can buy a piece of KFC with 1 grams of gold made from 1's and 0's and show it to you friend on Skype on opposite side of world!"

LOL

Please do not waste your money.

Says the guy with NXT in his sig.

Ok, go ahead and send him your money.  No skin off my back.

I hope no one buys any Nxt because I don't want the price to be driven higher.  You can't have my Nxt either because I'm not selling.

PLEASE BUY NEUTRONS INSTEAD!

Not 1 time did we say "please" invest/buy/support. You can if you want to, if you don't want to that's fine, the coin will go by it's natural development phase with or without me, you or anyone else investing 0.001 BTC or not. We made the "BTC for shares" thing available, so that people won't go about and think that we will release the coin with XX% in our back pockets. The purpose is to let people decide their value.

On a funnier note,
This was genuinely too funny not to +1 you  :D

Can you explain this further?

"we achieved a staggering speed of 91.037 sec between the sender's sending command and the actual arrival of the coins at the targeted address."

Is 91 sec for irrevocably confirmed?

What is the speed for acked but unconfirmed? Bitcoin is 1 or 2 seconds. That is staggeringly fast, not 91 secs.

How would the exchange work?
For example there is a Bob who wants to buy 1 NEU @ 0.1 BTC from Alice.
Where Alice has to send her BTC? Who does controll this wallet?
How fast will be depositing and withdrawing?
Any fees?

The speed of acknowledging is directly linked to the Proof-of-Death system, which is from near instant, to a few seconds, depending on the sending-arrival locations of the nodes in the system. We emphasized more on the 91.037 sec because companies are generally more interested in the confirmation time (to avoid losses) rather than the acknowledging time, which is a pretty universal one (people are content with ACK time). Also 91 sec is a pretty fast confirmation time in our eyes, firstly because it tops other crypto's, and secondly because it's an always evolving parameter, able to be cut into, and reach 20 sec let's say. We will update the main post with this info, as it's clear that we did not post every tiny bit of information on many aspects.


Just as your everyday exchange site works. You have 2 ways of doing this, either see the sell order by Alice and complete it by either "quick-buy" or by manually inputting your NEU/BTC ratio and quantity. Or by sending to Alice's address 0.1 BTC (BTC addresses can currently be managed by our wallet), and if she agreed to beforehand, she will manually send you her 1 NEU.

Fees will be 0.01% for any type of action.

The question is who will controll all amount of BTC deposited to the exchange?
If its only one person the system would be centralized or I miss anything?

No one controls the exchange system. Lets put it like this: you decide to sell 10 NEU at 0.005 BTC each. 10 NEU are blocked by your wallet, and made unavailable for you until you cancel the sell order. If there is a buyer, he buys the blocked amount (10 NEU), and you receive the 0.05 BTC.

Reserved, you are taking the right steps into an IPO. This is least likely to be a scam out of all the IPO's, work has gone into this.

Do you take NXT ? Want to support you guys. Look like you have indeed done some works.

I'm really amazed of the white paper. Haven't started it yet but it looks like alot of work has been put into this.
Will read it tonight. You should post on the main page, this will get attention to the thread.

10x times better then the white paper visacoin released not so long ago, that was just impossible to read  ;D

Visacoin's paper? What's joke, it is more like "blah, blah, blah". If he did not post that "white paper", the investors can at least have some hope.

That's a massive block of text, i don't think we can just edit it in the main post, and make it look presentable ;D. But we'll think about it, as it sounds solid. Also, we'll post addresses for other various currencies if people ask for them.

edit: just took a look on the documentation hosted on Google Drive, wow they really messed up some of the text in there, will look into it shortly.

I ment announcing that the white paper is online.
 I did it but didn't have any response yet, maybe you should.


Also i don't think accepting other currency's is a good idea as it will mess up the % of the share, or will require some work.

It won't mess up the shares percentages, as the received amount of coins will be calculated at the current BTC price of that coin. Basically it's exactly as sending bitcoins.

hey at least Nigerian prince showed us the whitepaper

instead of this :


http://neutrons.us/wp-content/uploads/2014/01/chart.png

Ok, let's count together how many times the White Paper is being talked about in this whole thread, including when it was uploaded and what it contains.

1 time in the 6-Jan-2014 update written in a red font directly at the top of the main post
1 time in the comments, when i specifically said that we uploaded it to 2 mirrors
2 times in the comments of this very page, regarding it's contents

So if you want to come about and flame on people, it's ok, but you better do your homework and find some real problems to rant about.
Here it is, specifically for you. It's worth a read. (https://drive.google.com/file/d/0B0EMFft8SejBRzgyeUpOMTJWSGc/edit?usp=sharing)

It's really a good idea.I wish the success of this plan

Interested to see feedback when part of the code is released.

Following.

I am following with caution.

regards

In physics, 1000 neutrinos do not become a neutron :P :P. Anyway, it's just a matter of time until a Boson/Proton/Electron coin to be released.

Are there any new updates on Neutron? This thread has not been very active....

Any updates from the poster and I'm interested in the amount of Nxt collected so far??

How about donating all of the btc submitted to the ipo to Sean's Outpost.  Since Neutron is so cool and you only need the btc donations for distribution, no real reason to keep the btc sitting around.

who's Sean

http://seansoutpost.com/

Source? Client? Beta testing? Escrow? At least try to sell us on this.

I've sent some BTC, and an email to funding@neutrons.us with the transaction ID. Have not received an answer after more than 24 hours.

For the reason I don't know. They do not respon on any email.
I've sent mails to all I could find.

Are you saying the dev is on vacation  ???

OP was too late to pull an effective scam. The "2nd gen"/IPO-coin scams are done.

After 4 days no response after sending BTC. You have been warned!

Waiting for refund...

Its definetely scam. I found OP, his domains emails everything.

I will share to everyone tomorrow if I haven't received refund.

any updates?

Such a shame this turned into scam :(

OP may come back, you never know, fingers crossed for you guys who sent him coins.

Scam copy of a scam coin?

https://scontent-a-ams.xx.fbcdn.net/hphotos-ash3/p261x260/1505399_1413125508929334_1539572572_n.jpg

any updates?

COIN CODE FINISH

In development (expected on 1 March 2014)

the work is done, March 7 outside?  ;D

I am interested in

nice concept though

So this was scam?