Yep... on bittrex it's the second account that is buying now. I would like to know why they don't withdraw it... maybe it's optimism that they believe they'll be able to distribute/sell it when there will be more demand - maybe right after Zuckerberg will agree to implement it in Facebook. 

Sure, but blindness has a deeper reason behind it. It could be that most of those who believe in Neu are not very experienced and than it will be a good lesson about Crypto. But there is one thing that's really disturbing: Some people seem to follow whenever there are "leaders" they believe to see kind of authority. I mean, Crypto is about controlling the own money. Bitcoin as a system and philosophy is a counterpart to the financial system as we know it. And Neucoin is in every way a central-bank-system and obviously there are people who wants exactly that. Not thinking about it, just buying and hoping those "big names" behind it, with all the broken promises about transparency, development etc. are trustworthy. It will be a hard lesson for everybody who bought too much.

But... the positive about it is: Not many bought too much. ;-)

A little fact/update besides: 3,130,811,966 total supply = 130% inflation out of market perspective since launch.

1. Is it so hard to develop an easy-to-use QT?
2. Why not weekly payouts of the growth account? Why just 3 months, 1 year and 5 years? Do you really believe many people like that? Is it necessary?

This is an interesting reply:

I keep seeing people complaining about the qt wallet, which I really don't get as its clear that they deliberately put out a very basic desktop wallet because they really don't want people to use it, They've said enough times that the online wallet is the main one and that's what they expect people to use. If you choose to use the other wallet then that's fine, but why complain about it not having all fancy features when they've clearly said that all the features, design work etc will go to the online wallet?

I agree about the delayed block explorer and lack of communication though.
http://forum.neucoin.org/t/cutting-my-loses-im-out/1939/4

He doesn't even think about questioning why they want that people don't manage their own money, but bind it in a so called growth account that will give them nothing if they would have to withdraw one day too early. It's really interesting that some people don't see the intention behind - quite apart from some other red flags.

As far as I understand it's about the volume. 1 KB = 1 entry-credit = let's say $0,001

A file: let's say 200 kb = 200 entry credits = $0.20

That's wouldn't be much... But most of all files have much more volume. And think of a hospital and than think of 10 hospitals, other companies, thousands or even millions of private persons with personal stuff. Some little girls who like it to write a diary. Some pensioners who write testaments. Authors of books, or journalists etc. The potential demand is really everywhere. Or just think of important emails. Maybe there will be an entire e-mail-system about factom.



The thing about this project is: It doesn't look that "sexy" on first sight, but the idea really has huge potential.

For me there are two relevant questions:

- will they be able to realize it that way?
- will there be others who make it better and/or cheaper?


If they will realize what they've planned, without hard setbacks, and if they're on top of this technology, there will be demand and it will be used. I have no doubt about that. And there is also a lot of potential for a lot of other features. In best case there will be other Devs who will build applications on top of it. Maybe, just a little idea: Screenshots... proof about existence and time included. Or maybe a photo-app for a cellphone. You make a photo and it would be instantly signed by Factom "as it is" and who it made and when it was made. No more doubt about photoshop and so on. There would be proof about it that it's no fake in any way.

I don't know much about coding etc., but I believe that there really is a lot of potential in the base-idea and that there is a lot of potential in possible innovations that could be build on top of it. And theoretically it could have use for nearly everybody.

Privatpersons and companies, banks or even governments. I doubt they want it, because it's part of their "business-model" to lose files or change or fake them, but maybe... "honesty is subversive" ;-)

Yes... it's comedy-karma. ;-) Greed can lead into a nice trap. If they do what promised it will hurt the price more and they'll have to buy back with BTC the NEU's they give for free. If they hold it all back, there will be no distribution and they broke some promises.

It's a lose-lose-situation. I believe that they know that. There are not that much signs for confidence from the team behind. I'm eager to see which door they'll take. Most likely a slow "letting it die".

This is interesting:

I'm starting to suspect the price is going to go pretty low. I think when the survey coins are distributed it will go below 3k at least.

http://forum.neucoin.org/t/future-price-preditions-and-dates/1883/6

Didn't think about that yet, but kind funny is: If they give out all the free coins they'll have to buy it on the market. ;-)

First I believed the sellorder would be pulled and somebody would try to pump this. But that's not the case.

Some sense would make, if there was the sellorder first and somebody else built up the buywall against it, maybe to prevent panic-dumps. The buyorder is untouched... still 50 BTC. The Sellorder is now at 22.8 BTC - some bought into it.

Buy-wall at: 0.00046020   FTC: 108648.41373315   BTC: 50.00000000

Sell-wall at: 0.00052000   FTC:73983.59303114         BTC: 38.47146838   

There is not that much we agree. But we agree with "We will see" ;-)

See... they won't give the tokens away to people without some faith in the project. And if you think about intentions, the question why people sell at those prices. What could that be?

- money is needed
- impatience
- fear because of bad experiences in this very weird crypto-market

And there were 4,379,973 FTC's sold to the public... that's enough potential to bring pressure on the price if there is not enough attention right now from Investors with an account at Polo to catch it. And those who are scared because of the price know what I'm talking about. It's really not meant critical in any way. But people should invest with more mind and patience instead of just reacting on the chart. I can't predict the future of this project and there are risks everytime. But if I compare this to 99% of other projects I see a great opportunity and I have to confess: I'm glad about the price because I've missed the ICO.



Edit: There were mainly two dumps with higher volume. Both dumps began at a price range higher than the ICO but brought the price below. Means: He or she or they got out near exactly the ICO-price in average. And: At around 0.0009 was a lot more in the sellorders some hours ago. It's possible that it's just one person who wanted to sell at around 0.0009 but expects the price to go down more or maybe even that he could be able to cause some panic to bring it down and buy more in price ranges below ICO.

With other words: It's normal speculation. So, add to what I've said above the possible intention to cause some panic with dumpings to buy more.

That's wrong. It's pretty normal that prices go below the ICO after it's listed on an exchange. The reason is simple: Those who wanted to buy FTC bought the ICO. That was the time of big attention. Than the time went by and some of them need money, others are impatient after a few hours on the exchange without 500% of profit and so on. This Thread isn't in the Ann-section, it doesn't get that much attention in the Crypto-World. And there are mainly the usual Traders on Poloniex. Those who are interested in Factom as a project because they want to use it doesn't necessarily invest in FTC's now, because it won't make any difference if they buy it now or later. They'll focus on the price of the entry-credits.

But there are a lot of good signs... Here is one:

Read this first:

Study: Google Searches Can Predict Bitcoin Trading Volume
http://www.coindesk.com/study-google-searches-can-predict-bitcoin-trading-volume/

And than look at this:
https://www.google.com/trends/explore#q=factom

This is business as usual after an ICO (it's even self-fulfilling prophecy), when a project isn't on many exchanges, didn't get much attention yet, money was bound etc. It will depend on the progress. If they should be quick and release an userfriendly QT (just for example) soon, the price will react and be back soon. If it needs more time it will drop further. But to believe this is like a little scamcoin where a bunch of anonymous Crypto-Cowboys cash out for 50 BTC and run away is ridiculous.    

This project is much more than just the Factoids and this project won't die about the FTC's price. I doubt that they even care much about the price now, because if they realize the project in total, FTC's will be used and the price will reflect that.

I've read a lot the last two days to understand it and the more I read about it the more I believe in it. The price now is just speculation. I'm pretty sure that when people really see how it can be used, this has huge potential. I believe that most of all people don't understand it's potential so far.

Btw: Everybody who has some fundamental/base questions about it should watch this:

Freedom's Phoenix: Paul Snow Interviewed by Ernest Hancock
https://www.youtube.com/watch?v=_OnSpfJnuNE

In my eyes the idea is really a game changer. And the FTC's are only like a financial tool for it. The price will rise and could explode as soon as it will be used and I have zero doubt that it will be used.

Revealing:

"The issue is that the reason for this security measure hasn't been well documented, so we can only guess what Sunny King had in mind."


They've worked 1 1/2 year on the project and they have to guess. I have no abilities to code and no deeper understanding of the tech, but I bet it wouldn't need too long that I would have some answers. I would ask in the peercoin-forum and/or pm Sunny King or open in BCT or a Dev I know... And they have to guess about the code they're using.

I don't believe that this coin will survive the next 12 months, maybe not even 5 months. I mean, besides fundamental flaws in it's economy and obvious issues with the tech there is another problem: There are competitors with a lot more to show. The Neucoin-Team did all to let it seem big. But it's not the idea and not the development that is big in any way. All arguments are the "big names" and the money backing and big promises without any base.

And, one competitor for example - far ahead:

Maidsafe
http://maidsafe.net

The base-idea is about decentralizing content and also the profit out of the conent --> content creator. That's the opposite to big companies like Google, Facebook etc. who make profit out of the content of us all. I'm not invested in Maidsafe, but in some way there will be something like that in the future. (And Neucoin, even if it would be a really professionell project is already obsolete, because it would like to be a centralized company which is obvious in the financial structure.)

THE NEXT GENERATION SHARING ECONOMY

http://blog.maidsafe.net/2015/10/05/advertising-privacy-and-a-libre-internet/


They have high plans, and I don't know if they'll realize it or others, but tipping is also one of many possible functions:


There are also ideas about: Games on maidsafe infrastructure
https://forum.safenetwork.io/t/games-on-maidsafe-infrastructure/209


Or... another example:

Synereo:


They partnered with factom which I mentioned in an earlier post.


I don't mention those projects to make PR for it. But if we compare those projects, and there are a lot more of that kind (the biggest one is most likely Ethereum which could be anything), we see philosophy and passion and highly skilled Developers. They also have big names behind it (first of all factom) and money backing. What do we see in Neucoin? Nothing (but greed)... it's just a copy-cat-headline without anything behind it. They're talking about easy-to-use but that's just an argument to build an awful QT to bind peoples money into the growth-accounts. They talk about "non-profit" and "transparency" but with every move they show the opposite.


And I think, those who bought into it should think about it. There is nothing new in Neucoin, nothing which could be called innovative. Just some weird strategies to get peoples money. And it obviously doesn't work out, which is a very positive sign. ;-)

The future of Crypto will be as easy-to-use as a safari-browser. And we will see browser with wallets and so on. Many different ways and most of them will be simplified. There will be wallets in social-network-accounts, maybe for more than just one Crypto and so on. I'm pretty sure about that but I would bet all my BTC that Neucoin won't survive. Main-reason is the economy... even if they would be able to develop it all what they want in an technical way, the central-bank-economy with a distribution that isn't distributed in any way and more like a pyramid-scheme... I really see no chance.

And if you look at the official forum... is that really a start how you and/or many others maybe believed several months ago? There is no difference to hundreds of other Altcoin-projects with a few who hope it will be the next big thing and already worrying about it. All the unasked questions that won't be answered. But it's in the heads and it's visible on the exchanges and the richlist.

I believe that the future of Crypto won't be just about one or two projects. There will be several, maybe ten great projects for different purposes. One will be anonymity and that won't be the Crypto with mass-user-adoption but it will be huge. So, Anon-projects are still interesting but unpredictable. I see Dash and BTCD as most promising, but nobody knows.

Another one could be what Neucoin wants to be. But it won't be a project with 100% interest and 97% premine and a a few early adopters complaining about the tech. And if you talk about Facebook-User and the growth account. There is maybe a contradiction. Because if people would use it to tip, they won't store it in an account they aren't able to touch if they want their interest. Another problem is, even if Neucoin would be a better project: Facebook has absolutely no need to implement a project to make the few owners rich. If Zuckerberg wants something like that he can develop it in a short timeframe. Neucoin is not a real decentralized Cryptocurrency. It's highly centralized.

By the way: There is a project I've just found out and read about it the last 20 hours or something like that. Factom... it has it all what Neucoin just claims to have. It's not with a focus on tipping, but on Blockchain-Application... build on the BTC-Blockchain but with it's own currency Factoids. The most interesting project I've seen so far. Very smart... also unpredictable, but also with a huge team behind it and every aspect I understand so far is really innovative. Like Ethereum build on Bitcoin.

And Ethereum itself... the idea, could be change Crypto in general. I'm not sure about it as an Investment, but the idea is big.

And there are several other projects... I don't see any chance for Neucoin and I don't say that to write it down. It's just what I think about it.

Sure, but if you read posts like this one:



I don't know the Neucoin-QT, but I would expect if a project claims to be the new Mainstream-Crypto with a focus on "easy-to-use" I would expect exactly that, plus a nice and clean design. I know several PoS-QT's, and as far as I know it's always the same:
Files --> Unlock Wallet --> Staking starts. If it's right that people have to do that in the debug window, I really don't understand that.

In my eyes there could be only two reasons:

- incompetence
- intention

And even if I believe that the Neucoin-Devs are most likely not the best Devs around I would assume, that it's intention... because they want to bind Coins in the Growth-Wallets with just three payout-times, which is also weird.

Think about it... why would anybody need a growth account if there would be a user-friendly QT? If I start staking in my BTCD-QT.. it stakes. And I have my BTCD and I can transact them whenever I want.

I really don't understand what some people see in Neucoin.