Ophelie on 2015-08-05: We're also finished with the development of a fully functional blockchain explorer.
Sylvain today:    Finished development doesn't imply that a product is ready to be shipped mate ! As for answering question, since this is my personal account I tend to don't feel obligated to answer question especially when they are not technical.
"Fully functioning" but "Not ready for shipping mate" Typical nokoin BS Say one thing, mean another. Time and again, and again. Marketing speak, BS, deceit. |
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Oh this thread is full of crypto experts lol.. still waiting for my free coins from survey  Then the dump will begin. Nice meme you used for sonacoin Kcanup, perfect for here, even got kim jun un. repost? Bitcointalk is full of kim jun un memes. I can hardly imagine a thread his meme is not posted lol  Rizz, if you have neucoins you can send me all since you dont like it and it is worthless to you Yeah but the falling rocket and all,... Sorry, I'm waiting for my survey coin also. hoping to sell for as little as possible though. You should be able to buy for next to zero soon... |
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Oh this thread is full of crypto experts lol.. still waiting for my free coins from survey Then the dump will begin. Nice meme you used for sonacoin Kcanup, perfect for here, even got kim jun un. repost? |
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Tempus, those hidden numbers? ok, So would Founders 300m (not founding team 200m) look like this? 300m at end month 1 x8% = 324m, so 2% become available. = 6,480,000 neu 6,480,000 @1p = $64,800 month 2, 317.5m x 7.9 % = 342,582,500 so 2% become available = 6,851,650 neu 6,851,650 @1p = $68,616 and so on,,, except the founders appear to only have 3yr restrictions (strategtc plan), these are five yr figures I have used, so the monthly returns will be higher? Until figures are published it's all guess work. Why have the cash allocations to foundations been removed? No "announcement" of this cash reduction? ---- So am I reading this right? Total neucoin restricted allocations. Founding team 200m, Angels 200m, seed 100m, Founders 300m = 8000m end month 1, 800m x 8% = 864m, 2% of 864m = 17.28m 17.28m x 1p = $172k $170k per month @ 1p (or more with founders 3yr plan) ? Is this "about right"? Is my math incorrect? Then they pay the team to run the foundations on top of all this. |
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Some questions:
This is the distribution, if it's still actual:
"Three billion pre-mine allocation:
- 2.4 billion held by the three non-profit foundations: 0.4 billion - Code foundation / 1.0 billion - Growth foundation / 1.0 billion - Utility foundation
- 0.2 billion retained by founders for $1 million of work invested
- 0.1 billion sold to initial seed investors for $250,000
- 0.2 billion sold to strategic angel investors for $1 million cash invested
- 0.1 billion to be sold in presale to crypto-community"
And this is the PoS Rate:
"NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one and gradually declining to 6% by year ten."
They also say:
"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years (each of these holders may only sell 2% of their holdings per month in the first year, (...)"
And if just 100 Mio Coins now are in the hand of the Community, all the other Coins has to be seen as potential inflation. Even if the "Non-profit-organisations" never would sell a single Coin, the founding team, the seed investors and angel investors hold 5 times more Coins than the community, so they will stake much more than the community and they'll sell at least 2% of their holdings per month what means 24% of their holdings in one year. And they'll stake their holdings, so their Coin-Amount will increase at the same time they sell. Right?
That would be a huge inflation and just if the three "non-profit-organisations" won't sell a single coin and those who hold 5 billion Coins now and stake them just will really "just" sell 2% per month and 24% per year.
Am I right with that? Because if I'm right... how will it be possible that the price won't go down like a stone in the sea?
By the way: What will happen to the Coins the "non-profit-organisations" hold? After one year they'll hold 4,8 billion Coins through staking, right?. They'll never sell or do they sell 24% per year as well?
This is also interesting, and a little bit weird: Illustration of how the re-sale restrictions work in practice
Consider an angel who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angel’s NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angel’s choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angel’s address. And so on.http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526But if I understsand it right, it won't be just 22,840 new Coins, because that's just an example of one Angel Investor who owns 1 million Coins. The problem is, if I'm right, there are 500 Mio Coins in the hand of seed and angel investors and the founders, plus the staking. So it has to be multiplied by 500. 22,840 * 500 = 11,420,000 new Coins at the end of the second months. At the current value that would be 685 BTC. And at the end of every month they'll sell more, because of staking. What does that mean? The market will anticipate that and drop at/before the end of every months... Even if there would be a potential user growth that could potentially catch those coins, just to hold the current value, the uncertainty will have some psychological impact. And it's very unlikely that this project will attract so many new Investors just to hold the value. Plus: If the price won't rise after some time, the experience after ICO's have shown, that the price goes down, because Investors lose patience. Honestly: Am I wrong with something I'm writing here? My problem really is that I think I must be wrong... or that this is the strangest distribution-model ever. If I'm right this Coin has no chance because of the mathematical design and the psychological impact it has. And for me it's still uncertain what will be with the 2,4 billion Coins of the "non-profit-organisations". What does that mean: non-profit? They won't ever sell any Coins? Or will they sell 2% of their holdings as well? Because that would mean: plus 66,236,000 new Coins at the end of the second month = 3974 BTC at current value. Anybody? Your about right. Also add +300m to founders, (for $2.25m work post launch) = 800m coin held by founders angel seed ect. Check my posts for more info.. |
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You said that 4 hour ago, then deleted after 1 hour. Problems? |
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Evasive and deceptive? Sandrine explains minting rewards. http://forum.neucoin.org/t/multiply-your-neucoins-through-growth-accounts-and-mining/1677"Some examples to illustrate how compound interest affects returns from mining: Consider four miners that each start with 100,000 coins and mine them from launch for one year: a very unlucky miner (Jonald), an unlucky miner (Rizz), a lucky miner (Kuato), and a very lucky miner (Visma)." It goes on to say, Jonald mints once a year rizz twice Kuato once a month Visma every two days A completely pointless and meaningless explanation. Irrelevant and deceptive. (quite funny though) This would NEVER happen. They all own 100,000 coins, so they receive the same, on average. (the differences being shown here MUST be because of different stake sizes, not luck.) No one with 100,000 coin will mint every two days. And Sandrine goes on to says, "So, what ARE the expected times to mint blocks based on stake size? Of course it isn’t based on luck at all.." Correct, just what I was explaining, And, "It boils down to: what percent of TOTAL NeuCoins being staked are being staked by an individual miner." Correct, so if they all own 100,000 coin they all, on average, get the same interest. (luck makes a small difference of course, but NOTHING like in Sandrines example) So, the bigger the stake, the more often you mint, the more you compound, the higher the return %. So, someone with 1m coin will stake every two days on average. lets call him primevalsoup. primevalsoup will make 147% on average. rizz, who staked 11,000 coin (survey coin?) mints in 180 days. (or less because rates have decreased in a month, these are "todays" figures) will make 103% on average. So, what if someone owned 300m coin, lets call him Dan. Dan will be minting every 10 miniutes. 150 times a day. 4500 compounds per month, compared to primevalsoup 15 compounds per month. rizz 0.17 compounds per month. So neucoin Project, What is the interest rate for someone with 300m coin? How much more than 147% is it? A lot. (anyone ?) Also. For $2.25m work, founders will receive how many neucoin over 3 years? Much more than my previous guesstimate of 1.5bn coin. ($15m presale) 2bn ($20m presale) ? More? (Same question on founding team, angels, team, seed ect another 500m coin for staking?) (of interest, timengler raising interesting issues here http://forum.neucoin.org/t/interesting-tidbits-learned-from-reading-neucoins-source-code/1640) |
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Wallet at Bittrex is open for deposits/withdrawals. We will be opening the market once we get the ok from the Neucoin team.
thanks,
richie@bittrex
Hi Richie, How many neucoin are bittrex receiving to list neucoin? Are they sale restricted? Is this public info ? Thanks Not sure if it's public, but I have no problem sharing... We have been given 2M restricted NeuCoins as part of the listing. We do not intend to sell any Neucoins ourselves for any reason. Instead, we will be using the bounty as promotional giveaways and/or contests for our users. There is a release schedule that I'm not sure if I can disclose, but will when I get the ok. Know that it is a tiny fraction each month over 5 years. [update - release schedule] Restricted NeuCoins 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 thanks, Richie Hey Richie, Thanks for the quick, clear answer! Good luck. |
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Wallet at Bittrex is open for deposits/withdrawals. We will be opening the market once we get the ok from the Neucoin team.
thanks,
richie@bittrex
Hi Richie, How many neucoin are bittrex receiving to list neucoin? Are they sale restricted? Is this public info ? Thanks |
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Good evening Rizzlarolla!
This is getting crazy! I'm Jeremy Paxman, you're Michael Howard!
So here we go for the umpteenth time!
Why did you set up an account back in April to specifically and exclusively rubbish every facet of Neucoin? Why do you hate it so much?
Why is this so hard for you to answer?
hmmm, infuriating isn't it. Just cos you ask, well.. neucoin are evasive and deceptive. Never answer clearly. Marketing speak. This sums it up for me, of late, Torrgeek, "At the end of year 1, assuming an (team) investor who had 1000 neu to start with sells away all of the coins that have become unrestricted at the end of year 1, how many would he be left with and how many would he have sold? What are the corresponding numbers at the end of year two?" No answer rizz, "how many neucoin will founders receive in total over the 3 year period." No answer Torrgeek, "Troll" (rizz) Anyway, I don't like premines open to founders abuse, Without founders pay plan details, it is just that. No foundations pay plans either? Voting system details? ect. ect... The banings, the BS, the updates, the promises, the mods all left out the back door. (except James) only M3ndi3 had any courage. I could go on. - I will tell the truth. I will tell it as I see it." - Michael Howard. |
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neucoin Launch announced by jamesaspeares. jamesaspeares, "I see it had launched and I received the coins I purchased. When will pow mining be up and running? What mining address and port?" Sandrine, 17 minutes later, "Earlier today, the NeuCoin cryptocurrency saw the light of day." Doh... 
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bitchin camaro joined bitcointalk .... Sept 14, 6.52pm 8 minute later, Colt 45 joined bitcointalk ...................Sept 14 7.00pm bitchin camaro joined neucoin forum.. 4 days Colt 45 joined neucoin forum.................today Sandrine says today, "Exciting news! we will be launching NeuCoin itself later this week. ..NeuCoin will be listed on Bittrex4 and Cryptsy4 within a few days of launch." Vague as ever. Three people like this news so far. bitchin camaro, "Yee-haw!!! That is awesoome. Nice with Cryptsy and Bittrex too." Colt 45, "finally! we're off to the races!" and James mod. "This is exciting news, I can't wait to see NeuCoin in the wild!" MikeM is the only other poster, "That rocket reminds me of that useless Stellar coin project. Makes me nervous" The long awaited launch, Who's excited? 2 Team members shills and 1 mod. Great team of super professional marketers. No one else gives a shit any more.  |
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Another NoKoin Strategic Plan Inconsistency Also note that given the foundations' continual coin distribution, by year three they will no longer own a majority if the coins, and by year 10 they will own less than 5 percent of the coin supply. vs. Foundation coin holdings are projected to peak around year five, then decline slowly and ultimately stabilize at under 5 percent of the total supply. This design has the following key benefits: Enables the NeuCoin Foundation to distribute coins to value-creating ecosystem participants without controlling too large of a holding at any one time. Given the foundations’ continual coin distribution, by year TWO they will no longer own a majority of the coins, and by year 10 they will own no more than 3 percent of the coin supply. http://forum.neucoin.org/t/neucoin-pos-award-rates/1479Any advance on "by year two"? The floodgates are opening. |
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Nice, ... If your good with figures. Be nicer if there were 1 year 3 year examples for quick reference. Can you find any resourse for calculating founders 3 year neucoin payout? No? there's a summary at the top of the post that shows pos rates for first 12 months and year, 2, 3 etc until 10. then at the bottom a longer breakdown of all months from 1 to 120. Ok. I really meant an example i.e. 1000 neucoin month 1 = ? neucoin 1000 neucoin month 2 = ? neucoin and on.. Then I could see 1000 neucoin after 1 year = ? neucoin. simple. Then I could see 1000 neucoin after 20 months = ? neucoin. slmple. Tell me, If you mine 1000 neucoin continuously for 5 years, how many neucoin will you have? As you said on neucoin forum, "This is super good info - time to crunch numbers!" It could be much easier that's all. Did you find a resource for calculating founders 3 year neucoin payout? |
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At the end of the day it's all about user adoption. If Neucoin can get lots and lots and lots of users from the games and distrubution it will be a game changer. I think they have a good strategy and seem to think different. The new ripple.
The short term trading stuff honestly doesn't interest me as much as the long term potential. That this could really be the thing that introduces crypto to new kinds of audiences. Some of you make fun of "Average Joe" but I'm serious about that. If Neucoin can reach people outide of altcoins and bitcoin, it would be huge.
Right on point! Speculative minds can't get it. User adoption is at the essence of Neucoin. What is Neucoin? To be technical, one could say that NeuCoin is a decentralized cryptocurrency designed for online micro transactions. But a better description would be that NeuCoin is a platform for tokens to be used for games, video, music and other online content. The platform is decentralized and uses the blockchain as its underlyins technology. NeuCoin's ultimate user base will see NeuCoins as tokens that can be effortlessly used, sent or received online. They will be no more familiar with the concept of "cryptocurrency" than consumers understand the underlying technologies that make their email or mobile phones work. And that's fine. (except it is not decentralised yet. maybe one day) But are the "payout" plans not relevant? should they stay concealed? Because you don't care, no one should care? I get your not interested in figures, but then it is blind faith in the team. Still ok, that's your decision. But I thought neucoin WAS to be transparent. I thought these figures WERE to be published. If they are not for public scrutiny, then I have been misled. (plenty more unknown figures, - foundation pay packet's ect.) No proper accounts... From a proper company. You can blindly believe, that's ok. Don't you want others to have the info they need? The info neucoin said they would give. |
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Nice, ... If your good with figures. Be nicer if there were 1 year 3 year examples for quick reference. Can you find any resourse for calculating founders 3 year neucoin payout? No? |
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