I don't believe they are intentionally manipulating the block chain. Here's my theory... They are marketing this as a decentralized currency when it is in fact a federalized currency controlled by a few master nodes that no one is ever supposed to find out about. However, the foundation address are being held in a wallet that is not directly connected to the internet (arguably for security reasons) which also happen to be the master nodes in federalized system. As these nodes stake, on their private internal network, their communications are relay (probably through some slow ass java/php appliance) through an internal network proxy which first captures the transactions and analyzes them to show their shareholders how much money they have made. That database which is storing the transactions is performing slowly and instead of the relay happening milliseconds or seconds later it is taking dozens of seconds or minutes (and in the case of today's almost 4 hours worth of disappear blocks even longer) for the proxy to receive, analyze and relay the transaction to the public nodes. For some reason the client's are accepting these transactions, even when received hours later, as the authoritative version of the block chain even though the block chain with the most blocks is supposed to be the true version. Several examples I have posted showed it occurring in less than an hour, with the exception of the nearly 4 hour long erasure of the block chain. It does not make sense for a block to be received hours later and be chosen to replace an entire sequence of blocks and transactions. In some cases, but the late arriving time-stamps are earlier than mined blocks, but even those should not be accepted on a decentralized block chain because the said late arriving block with the supposed earlier time-stamp because that time it could have been maliciously manipulated. For example, I could go back 20 blocks set a static time stamp and brute force it until I find a suitable hash and broadcast it an essentially rewrite the block chain. However, I have also pointed out instances where the mined block that was orphaned was replaced by a block with a time stamp that was two minutes older with the same exact transaction and credited to another miner.. (which could be an internal foundation miner because I only know of one pubic mining pool). It would be nice to hear from some non-biased knowledge people on what is happening hear. Again, my suspicion is the foundation wallets are mining on a network that is segregated from the internet and there is a delay in the relay of their transactions and those nodes have been configured somehow be authoritative nodes in deciding consensus. My knowledge is too limited to evaluate the situation but I believe your theory could be right. Active and intentionally manipulation of the chain would be naive... I mean they would know that it would come out. But, they must have changed something, right? I mean, it's the first time this issue appears... Or do you have a theory why it suddenly could appear without any changes? But either way, they should have recognized it and they should give some answers about it in your thread. |
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The Neucon regime had to buy heavy amounts (more than 430,000 on bittrex only) during the last hours. Without their buy support, the price would be zero (or very near zero).  In the end they'll hold 99.99999% of the total supply, and 99.999% of the market-supply. ;-) |
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dev faded after launch? Name: Sandrine89
Posts: 37
Activity: 37
Position: Jr. Member
Date Registered: February 03, 2015, 10:08:55 AM
Last Active: September 04, 2015, 05:40:45 AM She is not the Dev, but Community-Manager. In the official forum the last post is from Oct 14: http://forum.neucoin.org/users/sandrine/activitySo, maybe not absent but very quiet. |
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The thread is always quiet, but they're all there. Dev is in the IRC. ;-)
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Hours later, the team had to buy another 100k on bittrex, price down of course, more people jumping ship.  I'm not even sure how much survey coins are among those sales, looks like less than 5% are able or willing to claim them. As expected, the regime created a process to stop most people from claiming the free coins. Really curious about the final numbers, oh... wait... this is Neucon, the transparent project where numbers are faked or undisclosed. Neucon: Where lies and incompetence go hand in hand. The problem with the price is not that much that it's going down. It's more that there isn't potential to rise again. If we would assume that there would be good news some day and the price could rise theoretically, in fact it can't, because the team would have to sell because they need to distribute. It's really a trap... I still don't understand how it's possible that they (team) believed it could work out. Inflation-Update: plus 183,795,475 Coins since launch. |
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Yesssh I got the free Neucoin and was able to sell them at 0.00002500... that buy wall is only 1 btc now and the next one is at 0.00002375 - 7 btc... better be quick and get your free BTC!
L M A O ! P.S.: Congrats to your great timing in general! ;-) |
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So to get free coins I have to provide full personal details and connect with Facebook (which I don't use) and give them my phone details. Piss off!  Uuuhh... nice. They've found a solution to "give" them out, but in combination with some requirement they can be sure, most of all User don't want to fulfill. Good solution for the market, but bad PR. One question is then: How should there ever be a chance to go mainstream with a "give-out-strategy" if nobody want's to meet those requirements? Wasn't it planned as easy and fun? |
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Yeah, down with me atm. Could be temporary. Maybe not. It's back on... |
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Newbie: FAQ: "Please treat this discussion forum with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and interests through ongoing conversation." there has been a lot of rally's and revolts in parks!http://forum.neucoin.org/t/neucoin-price-down/1962/38 |
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My last post at the nokoin's forum gulag. I freely quoted many of you guys, hope you don't mind Thank you all for exposing these type of traps that taint the whole crypto space. I'm sure many newbies would have lost money if not for all the facts you posted here!! http://forum.neucoin.org/t/when-will-you-open-your-eyes/1980You were duped into investing your hard earned money with grand claims of this being the next big thing. Now 1/3 of your investment has evaporated and the price just keeps going down because no one is falling for the hype. Free survey coins should be released in a few days to people who will eagerly dump them regardless the price, not to mention the billions coins that will be slowly offloaded by the team to naive newbies. When will you cut your losses?
You were dazzled with a list of rich and famous who supposedly endorsed this project. None of the big names has publicly vouched for nokoin nor seem to be interested in speaking on its behalf. For them it was just one more cheap opportunity to make a small early investment, you know, just IN CASE it made it. When you buy some S&P 500 stocks doesn't mean you stand behind all 500 companies. When will you stop worshiping cardboard standups?
You were betrayed by the founder Dan Kaufman into believing that he is a respectable and trustworthy entrepreneur despite his past legal troubles of infecting millions of computers with spyware and other less-than-stellar ventures. It is public knowledge that his previous company called their users 'trailer cash'. Now he has your money and is nowhere to be heard or seen, only to hide behind fake accounts shilling at other forums. When will you learn to not trust someone with such a dismal track record?
You were hyped with fancy words like innovation and mass adoption, but all you got was a underwhelming re-packaged Peercoin fork with zero proven innovations that would make it stand out. You also got a purposely confusing qt wallet which indirectly forces you to stake all your coins by locking them online for long periods of time. When will you understand that with nokoin, lies and incompetence go hand in hand?
You were invited to join a forum that pretended to be friendly and open, yet those who dared to ask tough questions or expose facts were banned and their posts censored. You'll find as much respect for truth and free speech here as you will in North Korea. Kim Jong Un would be jealous of all the blind faith and mindless propaganda here. When will you stop drinking that Kool-Aid?
You were promised utility since day one, services that would accept nokoin from the start. One month after launch, there is absolutely nowhere to spend your useless coins except dump it in the only one exchange left that will take it [or risk Cryptsy going Mt. Gox]. When will stop waiting for the moon that never comes and realize that you are sinking?
You were impressed with claims of a professional marketing team that would take nokoin mainstream, despite it relying on someone who has been barely able to hold on to a job for the past decade. Now Mark is silently drowning and the only 'marketing' you see is ads and unconvincing paid articles that are laughed at by readers. Even Kourosh [one of the whitepaper authors] left nokoin months ago. When will you raise your threshold of self-deception?
You were fed tales of snowflakes and unicorns when you worried about all the delays, missed targets, anonymous off-shores and dodgy actions. Now you see the list of lies just keeps getting longer, the communication keeps getting even less substantial. When will you realize you've been ripped off by a serial internet crook?
You were told nokoin would gain wide popularity and this was a fantastic chance to jump in early. Oh my, you were even told it would get one million users in the first year!! Now everyday more and more presale buyers dump their coins and walk away in utter disappointment. Per usual, their posts are deleted here but you can read their thoughts at other forums. When will you also step up and say enough is enough?
The red flags are all in front of you, but when will you open your eyes??
Farewell nokoiners, may you be wiser and luckier in your future investments.
Nice summary... I believe most of all Neu-Investors already opened their eyes but hoping for a price-manipulation or some kind of miracle. Reason could be that they can't believe that the team behind will just let it go down and leave over some time. The funny and at the same time sad aspect about such hopes is: The team had most probably just one strategy: "It will be big if we let it seem big." - self fulfilling prophecy/manipulation. So they have nothing to give since that did not work. They could buy the chart up, but they fear that too many would use it as opportunity to sell. In the end, the team would lose too much money. So, the big question is: What will they do. And for now it looks like, that they'll do maybe some little moves to let it seem they're still on track and working with confidence, but in the end I believe, they'll leave in silence - if possible. The biggest mistake they've made is: They made time to an enemy. Just as comparison: Factom... "That means the supply of factoids is down by 3440.31567701 factoids. This is because until we get the full protocol up and running, and all the federated servers are in place, there is no inflation, no payments made to the servers. This is because we wish to be fair to the crowd sale, and also to give the protocol a chance to take hold and gain some growth in the use of the protocol before inflation sets in. When inflation does set in, it will be at a fixed rate of ~73000 tokens per month (10 percent of the crowdsale total each year)."https://www.reddit.com/r/factom/comments/3ozje2/eli5_what_are_factom_selling_when_they_sell/10% inflation, but zero inflation for now --> "to give the protocol a chance to take hold and gain some growth in the use of the protocol" and "because we wish to be fair to the crowd sale"That's what professional Devs do. And who checks their github: https://github.com/FactomProject/Last update 51 minutes ago and several updates everyday. And Neucoin? Updates? https://github.com/NeuCoin/neucoin - 12 days ago. Irrational high inflation, started one day before launch. Nothing ready, not even a Block Explorer at launch. And all that leads into the situation that there is no chance, because time is against the project. There is no time to grow, because they never could grow that fast as the inflation increases. 3,172,330,327 total supply. They can't give out the survey Coins but they have to do it, if they don't want to admit that their strategy is in fact no strategy. I never saw a project like this one. It's paradox in many ways. So much greed and now everybody loses money. They wanted all the control and now they have to face a situation they can't control. They wanted to let it seem big, bigger than Bitcoin (in just one year), and I know several small projects with much more real value and a bigger community. They say it's longterm, but how should it be, if the inflation is that crushing that it's hard to survive the first 3 months. It's week four! It's really insane. Neucoin was a greedy vision and now it's just a shadow. |
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Let's have another look at the distribution on bittrex: - Top account now up to 3.37M neucon - Second largest account has grown to 1.14M  Looking at the low volume they (the regime members) have to be the only buyers (way below ICO price naturally). Coming October 23rd "approximately 5 million NeuCoins will be distributed". Which is with high probability another lie. After the "user verification process" we can expect that less than 1M will be distributed to third parties. Still this will put more pressure on the price -> ICO investors are even more f#cked. The neucon regime dominates supply and demand but still has not disclosed the price they are aiming for. Every other piece of information they make public is old and repacked (copy-pasted), not important or imprecise/concerning the far away future... At the current state the neucon regime produces millions of coins and buys back millions of coins at a lower price. Early buyers are being toyed with by the team. Price is completely artificial. Commitment of the team doesn't seem to exist. Their forum is dry and the couple of complete numbnuts trying to pump it or defend it there appear to be team members (I don't see any reason to believe that they are not fake as well). Neucon: Where lies and incompetence go hand in hand. 24 hours later, Top account now 3,490,000. That's +120k nokoin in 24 hours. 24 hour Bitcoin volume 3.75 That equals ALL sales in last 24 hours. NOBODY else is buying. Survey nokoin "released by 23 Oct." The nokoin team have got 48 hours to get nokoin delivered to the people or fail to fulfil this promise. Also 11 million nokoin become unrestricted for the "team" on 23 Oct. (also more unspoken founder nokoin will be available 6m+?) Busy day 23 Oct. Nokoin price 23 Oct? Very low. Unless nokoin buy it ALL back, and sell NONE of their own. (as Tempus said, can the unrestricted nokoin be controlled? Will there be any trust between the nokoin "team"? will it be a race to sell?) I don't think the survey nokoin release will happen in it's present form. It's futile. Either it will be "delayed due to technical problems" Or downgraded. 1000 free nokoin becomes 100 free nokoin, Or, I personally think there is a high chance, nokoin is about to be called off. Finished. I'm not sure if Neucoin is still under development. They're still there but maybe tendentially leaving. Could be that some already abandoned. Regarding the market: There is no way to do something right. If they give out the survey-coins they have to decide if they want to buy back huge amounts on the exchanges, what means losing BTC, or if they want to watch the price go down like a stone. If they don't give them out, they would have to explain that - and they could. There are obvious reasons to hold them back. But it would make also obvious that the whole distribution-strategy is a fail. It would take off the base of their own strategy and raise some questions they would've to answer. And every answer and every explanation would be about "future"... and "our plan is" and "soon" and under the line it would be like Paycoin 2.0 but without the thousands of believers. It's highly doubtful that there is a user-growth, more the opposite. And maybe it's sad for those who still support Neucoin and bought into the ICO, but when it comes to FUD... they really should ask who causes more fear, uncertainty and doubt? BTC-User like you or me and some others, or the Neucoin-team itself? I would be concerned about the silence, about zero updates, about unanswered questions, about the lack of transparency and the lack of strategy and so on. |
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No idea if true, but... could be: Cryptsy developers interviewing for other tech positions
I saw posts regarding the credibility of Cryptsy today and I have no idea whether they will indeed go full Gox or not but I wanted to share what I do know. I have deep ties to Florida's tech community and I can confirm that not one but multiple Cryptsy developers have been interviewing for jobs at other South Florida tech firms within the past couple weeks. One of these devs has written a significsnt amount of Cryptsy's source code. I don't pass judgment on the exchange but I'm simply stating what I know as fact so be warned that things might be shaky there in the weeks to come. Even if they have no bad intentions, their techincal talent is actually walking out on them for reasons I don't know at the moment... https://www.reddit.com/r/Bitcoin/comments/3pf9hc/cryptsy_developers_interviewing_for_other_tech/ |
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What is the total supply of FCT? Is it just 8.7M or there are more?
Quoting Paul Snow: "We started out with 8759968.58633800 factoids in block 0. Fast forward to the latest block at the time of me writing this post, you see the supply is 8756528.27066099 factoids in block 6432.
That means the supply of factoids is down by 3440.31567701 factoids. This is because until we get the full protocol up and running, and all the federated servers are in place, there is no inflation, no payments made to the servers. This is because we wish to be fair to the crowd sale, and also to give the protocol a chance to take hold and gain some growth in the use of the protocol before inflation sets in. When inflation does set in, it will be at a fixed rate of ~73000 tokens per month (10 percent of the crowdsale total each year).
Keep in mind, that with use of the protocol we also experience deflation. All fees paid for transactions, build entry chains, and write entries remove factoids from the total. They are not paid to the servers."https://www.reddit.com/r/factom/comments/3ozje2/eli5_what_are_factom_selling_when_they_sell/Thanks a lot! No problem! The numbers are not quite actual I just saw: Currently it's 8754987.03066099. The total supply is visible if you click on the latest block: http://explorer.factom.org |
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What is the total supply of FCT? Is it just 8.7M or there are more?
Quoting Paul Snow: "We started out with 8759968.58633800 factoids in block 0. Fast forward to the latest block at the time of me writing this post, you see the supply is 8756528.27066099 factoids in block 6432.
That means the supply of factoids is down by 3440.31567701 factoids. This is because until we get the full protocol up and running, and all the federated servers are in place, there is no inflation, no payments made to the servers. This is because we wish to be fair to the crowd sale, and also to give the protocol a chance to take hold and gain some growth in the use of the protocol before inflation sets in. When inflation does set in, it will be at a fixed rate of ~73000 tokens per month (10 percent of the crowdsale total each year).
Keep in mind, that with use of the protocol we also experience deflation. All fees paid for transactions, build entry chains, and write entries remove factoids from the total. They are not paid to the servers."https://www.reddit.com/r/factom/comments/3ozje2/eli5_what_are_factom_selling_when_they_sell/ |
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Let's have another look at the distribution on bittrex: - Top account now up to 3.37M neucon - Second largest account has grown to 1.14M Looking at the low volume they (the regime members) have to be the only buyers (way below ICO price naturally). Coming October 23rd "approximately 5 million NeuCoins will be distributed". Which is with high probability another lie. After the "user verification process" we can expect that less than 1M will be distributed to third parties. Still this will put more pressure on the price -> ICO investors are even more f#cked. The neucon regime dominates supply and demand but still has not disclosed the price they are aiming for. Every other piece of information they make public is old and repacked (copy-pasted), not important or imprecise/concerning the far away future... At the current state the neucon regime produces millions of coins and buys back millions of coins at a lower price. Early buyers are being toyed with by the team. Price is completely artificial. Commitment of the team doesn't seem to exist. Their forum is dry and the couple of complete numbnuts trying to pump it or defend it there appear to be team members (I don't see any reason to believe that they are not fake as well). Neucon: Where lies and incompetence go hand in hand. I really believe they're losing money with this. It's obvious that they had to buy into the ICO and it's obvious that they have to buy on the exchanges. And the value of the first two wallets, even if we consider 3000sat (and they also bought higher) is 135 BTC. Cryptsy will be the same picture, so they had to invest roughly about 300 BTC just on the exchanges. Plus: Costs for advertising and "articles", costs for Design and there will be some other costs... Impossible to know how much they payed, but all in all it will be most likely more than they had as real buying into the ICO. And now it will be interesting to see what they'll do with the survey coins. If it's a lie with the 5 Mio, it will be visible that they just give out 1 Mio for example. And even if it's just one Mio they have to consider that some of these Coins (maybe >50%) will go instantly to Bittrex. So... they're in a situation without a right solution. All the cheerleading can't change that.. it's not even relevant who is still believing. Because there is no sign that anybody is truly convinced. Even those who didn't think about dynamics out of the economic-design have understand it now because it's obvious on the market - besides some other issues. Kind of funny are posts like this: "There are a lot of people who viewed NeuCoin as a get rich quick, pump & dump opportunity and I think we're seeing that reflected in the price. The coin hasn't even begun yet and people are spreading a lot of FUD & negativity about the project."http://forum.neucoin.org/t/cutting-my-loses-mod-edit-this-is-a-long-term-investment-guys-this-was-not-buy-and-sell-once-launched-for-a-nice-profit-coin/1939/16He is right but also wrong at the same time. Because... the price alone is actually not that relevant. It's normal or at least not abnormal to drop after an ICO. But: First, the price is overvalued and would be much lower without selfbuying from the team. The economic-design can't work out. It's impossible to change economic principals and who ever believes, that will be better with more time is wrong. It's getting worse. But yes, there is a lot of FUD = Fear, Uncertainty and Doubt. But that's never the question. The question is if it's true... For investors with open eyes there are a lot signs to feel uncertain, to have doubts and to feel some fear if they invested too much, because there is absolutely nothing positive to see in any important aspect. I really tried to find something with quality in this project.... - Innovation? No - Quality in technical development? No - transparency? No - Good communication? No - Broken promises? Yes - Lies? Yes - Growing dynamic? No - Strategy? Yes, but completely naive, not honest and flawed - Good design? Yes Design is actually the only thing I would consider as "pro". And the idea to get people in with some funny games is not that bad, but in context of the economical design it's in fact bad because it's just more inflation for the market. "Once again, NeuCoin has been live for less then 30 days and it deserves more time then it is being given."http://forum.neucoin.org/t/cutting-my-loses-mod-edit-this-is-a-long-term-investment-guys-this-was-not-buy-and-sell-once-launched-for-a-nice-profit-coin/1939/16But they claim to have worked on it for more than one year, right? What the hell did they work on if you look at the QT, the launch without Block Explorer, the messy forum, the github in general (updates?) and the inflation-strategy and the 97%-for-the-team-distribution? And, just by the way: Where are the big names? They have a list with all those angel- and seed-investors, but where are they? Why is there no post, no blog-article, no tweet, no support? How many are really behind it? And what'll will happen to this number: 3,164,945,480 .... with more time? 164% inflation out of market perspective in 24 days. How much user-growth would be needed to bring the project into a distributive dynamic? And even if there would be a user-explosion, what would happen? The team would make a shitload of money, but the price wouldn't rise much because they have huge amounts to sell. Just all those coins they bought back on the exchanges are too much... So, with that being said... this post is FUD. But again, the question is if it's wrong or true. No supporter was able to explain why this project should be survive, what's the innovation in it, in which way it would add more quality to Crypto... It's just greed and nothing more and it's so extreme that everybody is losing who touched it, the team included. |
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Naja, ist bei ETH ja auch nicht anders. Eben nur Verrückte hier  Ethereum ist eben doch etwas völlig anderes. ETH ist wirtschaftlich am Ende, und der Kurs geht seit seiner Ausgabe von 0,02 BTC auf aktuell 0,001 BTC langsam, aber stetig zurück. Bei ETH kann sich jeder jetzt schon ausrechnen, dass das Geld im späten Frühjahr 2016 ausgehen wird. Bis dahin ist es der Firma aber ganz sicher nicht möglich, nennenswerte Einnahmen zu generieren. Internet 3.0 und eine dezentrale Programmiersprache werden nicht in ein paar Monaten erschaffen. ETH verursacht jeden Monat immense Kosten und steuert auf den Abgrund zu. IDEX dagegen wird von idealistischen Hobby-Programmierern entwickelt, verursacht bisher keine Kosten und steuert auf den erfolgreichen Abschluß eines ehrgeizigen Projektes zu. Sicherlich läuft in der ersten Live-Version noch nicht alles rund https://www.youtube.com/watch?v=U3AlvQ9-zD8 und es kann auch sein, dass die Macken in diesem Jahr nicht mehr beseitigt werden können, aber sicher ist, dass fleißig daran gearbeitet wird, und die Fehler irgendwann mal beseitigt sind. Die wirklich harte Konkurrenz für Ethereum wird m.A.n. Factom sein. Sehr ähnlich vom Prinzip her, gleichzeitig die Bitcoin-Blockchain als Basis, sehr professionell und bestens finanziert. Ich bin in beide eingestiegen, allerdings deutlich mehr in Factom (Factoids) als in ETH weil erstere weiter und weniger riskant sind. |
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