Hi jthor! Yes indeed!
There will be a qt like wallet for Linux, MacOS, Windows

Hi hoian0809! Yes I think you sent the same feedback either through the forum or via email yesterday. It's an ongoing discussion at NeuCoin and is an interesting point. We would like to incentivize people to earn their full rewards, which is why we chose this option for now.
What do you think?

A quick answer on this:

a. What it means that we do not hold the private keys of the user is that we do not have CUSTODY of the private keys - when they're held in the regular wallet. I can break it down even more: it means that we cannot in any way have access to the funds held by people who have accounts at MyNeuCoin.
This is exactly what Blockchain.info does with their wallet, in contrast to what Coinbase does: Coinbase has total custody of their customers' funds (when they're held in the regular wallets, it's a different story for their Vault feature), which means that in case of fraud or issue, they can "grab" the funds of the fraudulent user.
We chose the option of not having any control on the funds of our users, it's very important aspect of the wallet.

b. For mining it is a different story - meaning Growth Accounts. Indeed the Utility Foundation needs the coins to be able to stake them.

There are TWO accounts at MyNeuCoin: the regular wallet, describe above, there we do not have custody of the private keys, and the growth accounts, through which the Utility Foundation has access to the coins to be able to stake them.

It would nice for a change that instead of announcing lies and betrayal you would ask questions and for clarifications, which we are glad to give (on the NeuCoin forum more than here, as we do not spend too much time on Bitcointalk given the nice atmosphere of honest respect).

As readers of this thread have seen, the NeuCoin Project has been ignoring the handful of trolls who have spent the time building these last 30 pages of nonsense.

Back in the real world, yesterday the NeuCoin beta was opened up to presale buyers. For readers here who are actually interested in learning about NeuCoin’s developments, below is a copy of the announcement we made on our forum (http://forum.neucoin.org/).

NeuCoin Beta - with test coins - now open to all presale buyers
 
Hi everyone!

Over the month of August, the NeuCoin beta using test coins has been gradually opened up to strategic angel investors and other key stakeholders. As of today, all presale buyers were invited to join. Within the next week, all beta participants will be given invite links so that they can invite more people.

Here are some of the key components of the beta:

• MyNeuCoin, our online wallet, was designed to be a “Coinbase meets Blockchain.info” wallet: meaning that it is as easy to use as Coinbase, but without actually holding users’ coins (ie, without having access to users’ private keys) like Blockchain.info. This is a first for an online wallet in the crypto-space, let alone any altcoin. Mainstream consumers will be able to manage their NeuCoins with just an email and password to access a super easy, intuitive interface. It will *feel* like they have an “account” with a service that holds and transacts their NeuCoins for them. In fact, MyNeuCoin has no access to users’ NeuCoins. All the information that MyNeuCoin presents to the users about their balances and transactions is derived from monitoring the NeuCoin blockchain.
• “Growth Accounts” on MyNeuCoin let users transfer their NeuCoins into long-term accounts (3 months, 1 year, or 5 years) and earn very large NeuCoin rewards on their deposits. What’s happening behind the scenes (though mainstream consumers wouldn’t need to know or care) is that they are contributing NeuCoins to a Proof-of-Stake mining pool, and keeping most of the rewards. This will be the first time in the crypto-space that regular consumers get to participate in mining. We think it will help convert casual NeuCoin users into long-term members of the NeuCoin community. Note that during the beta, the Growth Account time periods will be much shorter than they will be in the real service, a change made so that beta testers can try out the user experience.
• The NeuCoin source code will be published and client downloads will be released within the next week. With these resources made public, NeuCoin will be able to begin technical integration discussions with various exchanges. We are also looking forward to hearing feedback from NeuCoin watchers with the technical skills to evaluate our source code in conjunction with our White Paper - http://www.neucoin.org/en/whitepaper/.

We are happy about the progress made during the beta and excited to be opening it up to more people. We also want to thank our community for their patience. We recognize that we have been light in our communications for the past four months while we focused on development and testing. Now that the beta is open to all presale buyers, and soon their invitees, we’re looking forward to engaging in productive discussions here on the forum. There will also be more announcements from the NeuCoin team as we head towards final release of NeuCoin.

Here’s some more info on what is coming…

1. Next up… launch of NeuCoin!
Upon launch, all presale buyers will be awarded their NeuCoins, which they can either manage through MyNeuCoin or by downloading their private keys. All free NeuCoins earned by taking surveys and giving feedback will be awarded within one month of the launch date and be subject to user verification. Because all NeuCoins owned by angel investors and founders have sale restrictions, they will be released to their owners slowly over time (e.g. 2% of holdings will be released at the end of each month for the year following launch).

2. Game-like faucet and quiz - GetNeuCoin
To be released in the first weeks after launch, GetNeuCoin.com will be the first of many game-like onboarding websites that lets mainstream users earn a few free NeuCoin in a fun and educational way. Tied to referral programs and marketed to regular users outside the crypto-sphere, GetNeuCoin will put a small amount of NeuCoin in the hands of a very large group of people - while qualifying them in the process.

3. Exchanges
During the beta, NeuCoin will be able to share its source code and client downloads with various exchanges to allow them to prepare for listing NeuCoin. Our goal is to be listed on at least 2 to 3 exchanges within one month of launch and many more over the coming year.

4. Microtransaction solutions for games, tipping and premium content
Following launch, NeuCoin will roll out solutions for easy microtransactions (1 cent to 1 dollar) in applications like games, tipping and access to premium content - with user acquisition fueled by freemium distribution of NeuCoin.

NeuCoin has decided to make online/mobile games its top priority, with releases starting in the first months after launch. As a first step, NeuCoin is already developing two prototype online/mobile games based on popular, generic games (more details coming soon) that will demonstrate how NeuCoin can be incorporated into game experiences - giving out free NeuCoins as a reward for playing, winning, leveling up, etc. Having a meaningful user base of NeuCoin-holding players will be an important leverage point as we work with leading game publishers with large existing user bases to integrate NeuCoin.

In addition to the gaming vertical, NeuCoin will also be rolling out solutions for tipping and ad-free premium content (pay-per-view, ad-free and micro-subscriptions) in the months following launch. Much more information on NeuCoin’s microtransaction strategy and plans can be found on our Strategic Plan at http://www.neucoin.org/en/wiki/.

Thank you all for your help and support of the NeuCoin Project!

Hi Rago,

To post on the forum, you need first to sign up:



You may already have signed up, so you should also be aware that there are a few restrictions for new forum members, which are default settings of Discourse.org forums (the service we use for this forum).

You will find more information about this here: https://meta.discourse.org/t/what-do-user-trust-levels-do/4924
And here is an excerpt of the forum quick tips:

"Why can't I do certain things?
New users are somewhat limited for safety reasons. As you participate here, you'll gain the trust of the community, become a full citizen, and those limitations will automatically be removed. At a high enough trust level, you'll gain even more abilities to help us manage our community together."

(Full content here: http://forum.neucoin.org/t/neucoin-forum-user-quick-tips/968)

Hi to everyone who is new to NeuCoin here!

Just a quick reminder that the primary source of information is http://forum.neucoin.org/. Please join us there if you have any questions or want to start a conversation about NeuCoin.
If you have any urgent or insightful remark, this is the place where you’ll be able to have direct answers from the core NeuCoin team.

Also, you might be interested in reading a few updates that will make you understand why we have been quieter since the end of the presale. Here is the original link:
http://forum.neucoin.org/t/pre-launch-updates/1268

And here is an excerpt of the updates:

"June 21st update

Hi everyone!
Below is an update about what the NeuCoin team has been working on since the end of the presale on May 1st.

But first, a little background: the first public phase of the NeuCoin Project - the announcement in February, the release of the Whitepaper at the end of March and the Presale at the end of April - was intense in terms of communication: we needed to get our message out there, explain and get feedback on our vision, concept and technology - and to start building a community around what in many ways is a different approach to cryptocurrency: much more rooted in 2.0 consumer media than in hardcore crypto - not merely a coin, but more importantly an ecosystem of consumer facing products and services. The goal was to present what we intended to build, along with a timeframe for launch: summer 2015.

Given all that communication over February through April, I can understand how there has been some frustration about us not communicating more this past month, and am sorry about this. But right now, just prior to launch, the priority is not communication but the critical tech and business development needed to actually launch in the summer and launch successfully. After the launch, the communication floodgates will open again."
[...] Please have a look at the original thread on our forum for the rest of the post.

"July 6th update

Hi everyone,
Two weeks have already gone by! Here is a short update on what has been going on on our side.
As we get ready for a summer launch, we are pushing forward with all the projects I detailed in my last update, including the cryptocurrency itself, the online wallet and consumer proof-of-stake mining service MyNeuCoin, the consumer onboarding vehicle GetNeuCoin, the games integration initiative PlayNeuCoin and the micropayment platforms for tipping and ad-free premium content.
Our current estimation is that the NeuCoin cryptocurrency, MyNeuCoin and GetNeuCoin will launch between August 6th and August 13th.
We have made significant progress on the tipping platform, PlayNeuCoin and the development of games integrating NeuCoin. We currently have two flagship games in production, which will be rolled out shortly after launch.
More updates to come! In the meantime, feel free to ask any questions!"

******
Here are a couple points about a few remarks that were made here on BTCtalk. Please be aware that I will move relevant conversations over to the NeuCoin forum over time.

• About Daniel Kaufman’s “shady past”:

His involvement in Direct Revenue has always been displayed on our website, nothing we have ever hidden.
This subject has been discussed through and through, here is my answer to this subject:
http://forum.neucoin.org/t/neucoin-speculation/1209/42
Here is an excerpt:
“Now, here are a few other elements:
- Daniel Kaufman as being a creator of Direct Revenue has always been displayed on our website and has never been a hidden fact.
- Daniel Kaufman is not the only person on this team, we are all working very hard on this project to make it succeed, because we believe in its strategy. I accepted (and was thrilled) to join it because I had seen during my time at Coinbase how difficult Bitcoin was for non-mainstream users and how niche its user base was. So when I was approached by three co-founders (yes three, Dan is not the only co-founder, a point you may have missed) that had a clear and interesting approach in making cryptocurrencies more accessible to everyone in a truly useful manner, I was immediately in. “ [...]

• About the NeuCoin forum:

In any case, once again, as posted on the forum yesterday (http://forum.neucoin.org/t/how-about-a-weekly-update-by-dev-as-far-as-the-progress-being-made/1245/57): the core NeuCoin team has never been advocating for blind belief in the project, but we would rather like to be judged on the launch that will happen this summer and on the on-going developments that will be made over time.

Feel free to join us on our forum!

By the way, the presale is over!



Thanks a lot to the community members who have supported us.

Hi there!

jonald, we will proceed with the allocation of the white bounty program in a few weeks, we'll let people who have received a bounty know soon. As a reminder, this bounty is not attributed for posting positive comments on the white paper. If your feedback was constructive (negative or positive), it will be rewarded.

Glucose, same for the 2,500 NeuCoins, they will be attributed to respondents who have taken the time to write thoughtful feedback (again, whether it being positive or negative). We will get back to you in the coming weeks. Thanks for your patience!

Well we've been putting a huge amount of work in this project, and it has convinced members of the community. To me it looks as simple as this!

Not sure what you mean here: all proceeds from the presale will remain untouched at this public multisig address until the NeuCoin cryptocurrency is created and launched, expected to happen in July 2015. If the creation and launch for whatever reason does not occur by September 30, all presale purchases will be refunded. You can read about this here: http://blog.neucoin.org/post/117444378516/guide-to-the-neucoin-presale
Also, this is not unusual for a crypto token project to conduct a presale before its launch, look at Ethereum for example.

The answer to this question is also in this blog post: http://blog.neucoin.org/post/117444378516/guide-to-the-neucoin-presale. Each purchase request will generate a new, unique address to which the BTC can be sent. At the end of each day, all purchase amounts will be transferred to a publicly visible multisig address.

Two links you may want to have look at: http://forum.neucoin.org/t/neucoin-investors-proof/640
http://www.neucoin.org/en/wiki/#angels

I'd advise you to read through all our documentation: http://www.neucoin.org/en/

Not so much. Monitoring our presale on our forum, feel free to check it out.

Hi there, each purchase request will generate a new, unique address to which the BTC can be sent. At the end of each day, all purchase amounts will be transferred to a publicly visible multisig address.
As was indicated in this blog post: http://blog.neucoin.org/post/117444378516/guide-to-the-neucoin-presale

You can click on the following links to see some of our investors who are following NeuCoin on twitter:

Patrik Stymne
https://twitter.com/patrikstymne/following

Emil Michael
https://twitter.com/emilmichael/following

Rob Goldman
https://twitter.com/robjective/following

Daniel Sachs
https://twitter.com/DanielSachs1/following

Josh Engroff
https://twitter.com/jengroff/following

David Frykman
https://twitter.com/davidfrykman/following

Nicholas Hogberg
https://twitter.com/nichhog/following

Calle Sjoenell
https://twitter.com/callesjoenell/following
and a tweet about NeuCoin: https://twitter.com/callesjoenell/status/591625275319922688

Andreas Reutercrona
https://twitter.com/1nov2LAX9/following

Henrik Sundgren
https://twitter.com/Falukropp/following

Some of our investors have listed NeuCoin on their LinkedIn profiles:
Markus Alderback
https://www.linkedin.com/profile/view?id=1557494&authType=OUT_OF_NETWORK&authToken=gKTJ&locale=en_US&srchid=156097661429810836062&srchindex=4&srchtotal=13&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A156097661429810836062%2CVSRPtargetId%3A1557494%2CVSRPcmpt%3Aprimary%2CVSRPnm%3A

David Frykman
https://www.linkedin.com/pulse/neucoin-david-frykman?trk=prof-post

Christophe Salanon
https://www.linkedin.com/profile/view?id=70224&authType=OUT_OF_NETWORK&authToken=hR1x&locale=en_US&srchid=156097661429708789525&srchindex=7&srchtotal=12&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A156097661429708789525%2CVSRPtargetId%3A70224%2CVSRPcmpt%3Aprimary%2CVSRPnm%3A

Jonas Svensson
https://www.linkedin.com/profile/view?id=11874902&authType=name&authToken=2wyp&trk=hp-feed-member-name
For sure there are others, and more investors will publicly link themselves to NeuCoin over time.


There is also a lot of misunderstanding of what life in Paris is… I’ve had the incredible chance to work in the Parisian tech and web scene for a few years now. There are amazing startups being created here, and they indeed need to be lean to be able to launch their product - and that’s what they do. Many more startups are being created in San Francisco, which is a much more expensive city than Paris, in terms of everything (housing, food, transportation, etc). If you come to Paris in the following years, give me a heads-up (I’m serious, not even ironical), we’ll grab a coffee, and I’ll also introduce you to a pretty amazing startup accelerator I helped create - and all the lean startups it’s supporting.

Please let me know if you have other comments, I’ll be glad to address them. In the meantime, if you have the chance to read our wiki, here it is: http://www.neucoin.org/en/wiki/

Hi Gekko463!

Disclaimer: this is a long one.

A couple answers to your questions, some of them indeed very relevant. Please note that you will find answers to some of them on our website: http://www.neucoin.org/en/wiki/ - you may want to have a look at it. But I’ll give you details below.


I’m not exactly sure what you’re trying to show here: “I had provided marketing assistance in an advisory role previously” - he uses the expression “Advisory role” himself. You may have a different conception of what “Advisory board” and “advisory roles” are, but basically from our perspective, these are positions in which the people filling them provide us with their counsel, but is in no way an operational role. Here is an example of Jackson’s previous help, when we released our white paper (that you may be interested in checking out as well: http://www.neucoin.org/en/whitepaper/): https://twitter.com/victoriavaneyk/status/582614164251762689
As for the fact he left the crypto community, Jackson envisioned a world where cryptocurrencies would be designed to reach broader audiences than what we can see today. NeuCoin's goal is exactly about this and we'll keep executing on this mission statement!


Here are details on the corporate entities at play in the NeuCoin Project: three non-profit Isle of Man foundations were created, they will be donated the 2.4B premine when the cryptocurrency is created - which is scheduled to happen in July 2015.

Details about the establishment of these three foundations can be found on the links below:
The current Isle of Man foundations register can be found here (updated daily):
http://www.gov.im/lib/docs/ded/companies/companiesReg/Foundations/foundationsactregister.pdf.
You can see the 3 NeuCoin foundations near the end of the list (numbers 000060M, 000061M and 000062M).
Another useful link: http://www.gov.im/ded/companies/Foundations/register.xml

After the NeuCoin cryptocurrency is created, the founding team will donate the source code and the premined coins to Neucoin’s non-profit foundations in the Isle of Man: the NeuCoin Code Foundation, the NeuCoin Growth Foundation and the NeuCoin Utility Foundation.
Since NeuCoin is not yet created, nor yet donated to the NeuCoin Foundations, the Presale will be handled by NEU Development Ltd, a Seychelles based IBC with the single purpose of handling the Presale transactions. Once the NeuCoin currency is created, and the pre-mine donated to the NeuCoin Foundations, the foundations will transfer 100 million coins to NEU Development Ltd in exchange for the funds raised in the Presale, and NEU Development Ltd will transfer your coins to people who have taken part in the presale.

The founding team owns 0.2 billion of the 3B premine. The detailed allocation of the premine is available at this link: http://www.neucoin.org/en/wiki/#advantages, point 10

Some of the team members work for free, some work for heavily discounted rates, and some are paid full salaries. The resources for salaries came from the NeuCoin Project’searly seed funding and then a later angel round: http://www.coindesk.com/uber-hotwire-2-25-million-neucoin/.

Here are some details about the business plan, there will be two parts in my answers:
1. How the Foundations are able to fund marketing and the development of useful applications targeted at mainstream consumers.
2. What is the “founding team” business model, what is in it for them - as it is indeed a fair question.

On the first point:
NeuCoins will be distributed to reward and incentivize all participants who help increase its utility and value:

• Some for free to consumers to try using NeuCoin and for recruiting other users
• Some to companies that make NeuCoin useful: content providers that accept micropayments in NeuCoin, exchanges, payment processors, wallets, etc.
• Some sold to investors, with proceeds used to fund code development, user acquisition, and projects to further develop utility, with a focus on micropayments

The NeuCoin foundations use proceeds from coin sales to directly fund projects that increase the utility and consumer reach of NeuCoin, which in turn, increases the value of NeuCoin. More details are available at this link: http://www.neucoin.org/en/wiki/#utility-development

On the second point: the founding team’s long term “business model” indeed revolves around their holdings of NeuCoins. Here are the detailed resale restrictions: holders may only sell 2% of their holdings per month in the first year, 3% per month in year two, 4% per month in the year three, 5% per month in year four and 6% per month in year 5. Maybe you are familiar with common equity vesting mechanisms in startups, these re-sale restrictions totally match them. The NeuCoin team invested work in a challenging project and built it - as such they get “equity” (in our case, a portion of the premine). Typical equity vesting has a 4-year cliff, but the founders are allowed to sell 25% after the 1st year, a little bit more on the 2nd, and so on. We used pretty standards figures here. But of course, maybe you are free to not like these standards.

There is a misunderstanding around NeuCoin distribution plan here. NeuCoin will never be “airdropped” for users doing a Facebook connect. They will be distributed by the Foundations over several years, always against an action from a consumer: for reading about NeuCoin, learning about it, recruiting new users, using NeuCoin, and so on. They will also be distributed to application builders who make the coin more useful to mainstream / non-tech users.
More information on this here: http://www.neucoin.org/en/wiki/#funding
Each year, the foundations’ goal is to sell sufficient NeuCoins through private sales or exchanges to fund the following year’s cash needs. However, when NeuCoin prices rise, the foundations may sell additional coins, with the excess cash obtained kept as a “rainy day” reserve. When prices fall, fewer (or zero) coins will be sold.  
Over time, the NeuCoin foundations must continuously determine what the optimal use of their NeuCoin assets are - optimal from the perspective of maximizing the value of NeuCoin. The Growth foundation must always assess whether NeuCoin’s long-term value would be maximized by giving more coins away to consumers, or selling more coins and using the funds for consumer marketing. The Utility foundation must always assess whether NeuCoin’s long-term value would be maximized by awarding more coins (ideally with sales restrictions) to service providers that make NeuCoin more useful, or by selling more coins and using the proceeds to directly fund projects. The prevailing price and demand for NeuCoin will always have a large bearing on this decision calculus.

The thing is, if the Foundations were not mighty at the beginning, they wouldn’t be able to execute any of what has been announced in the strategic plan. NeuCoin indeed has a totally different approach: power is given to entities that are powerful enough as well as centralized at the beginning to be able to kickstart the currency and avoid the stagnation of mainstream adoption, just like we’re seeing with Bitcoin. Also, the Foundations will quickly lose their powers over the first years as they distribute and sell their coins.
In any case, thanks for the feedback LiQio

Coming back on LiQio’s questions, which are indeed totally relevant:

It is indeed true at the beginning, which will also enable the coin to be developed according to the strategy detailed in our wiki and to be kickstarted. NeuCoin's paradigm is indeed very different from that of Bitcoin's, we have never hidden this fact: a non-premined cryptocurrency (Bitcoin) is indeed totally decentralized from the beginning but also suffers from a free rider problem - as explained in my post above.

Bitcoin in this sense was well tailored to appeal to early bitcoiners, but not so much to mainstream consumers.
A pre-mined cryptocurrency on the other hand is going to be more centralized than Bitcoin - only at the beginning though in our case. Over time, as our plan is executed in a fully transparent way (figures will be made available before the launch of the cryptocurrency in July) and NeuCoins are distributed in a way that funds mainstream adoption, the outcome is a decentralized and mainstream cryptocurrency. Indeed, pre-mined cryptocurrencies reintroduce a trust factor during a part of the distribution phase - but at the same time, it gives them the advantage to be able to fund mainstream adoption in a must faster and efficient way. Over time, the majority of the coins will be in the hands of the crypto community and of mainstream consumers so that the future of the coin is determined by its holders in a decentralized way.

Now, it is indeed a totally different model: while it is totally fair for you to disagree with it and to not be interested in NeuCoin, calling it a scam is yet another story (answer to RealMelatasta here, definitely our biggest fan so far ).


The foundations will manage their holdings in the way described below (http://www.neucoin.org/en/wiki/#funding). The in-depth (figures) fund management will be made available before the release of the cryptocurrency in July; the principles are the following:
Each year, the foundations’ goal is to sell sufficient NeuCoins through private sales or exchanges to fund the following year’s cash needs. However, when NeuCoin prices rise, the foundations may sell additional coins, with the excess cash obtained kept as a “rainy day” reserve. When prices fall, fewer (or zero) coins will be sold.  
Over time, the NeuCoin foundations must continuously determine what the optimal use of their NeuCoin assets are - optimal from the perspective of maximizing the value of NeuCoin. The Growth foundation must always assess whether NeuCoin’s long-term value would be maximized by giving more coins away to consumers, or selling more coins and using the funds for consumer marketing. The Utility foundation must always assess whether NeuCoin’s long-term value would be maximized by awarding more coins (ideally with sales restrictions) to service providers that make NeuCoin more useful, or by selling more coins and using the proceeds to directly fund projects. The prevailing price and demand for NeuCoin will always have a large bearing on this decision calculus.
This will be enforced the following way: http://www.neucoin.org/en/wiki/#direct-democracy
Each foundation will be managed by an Executive Director and overseen by Council Members whose compensation packages are tightly linked to the growth in the market capitalization of NeuCoin. Furthermore, each foundation has an “Enforcer,” whose oversight role is to ensure that the Council Members are following the objectives and rules of the foundation and the results of coin holder votes as discussed below.
The initial Council Members were recruited and appointed by NeuCoin’s founding team and will serve for an initial term of three years. In the first year, the Council Members will be primarily composed of members of the NeuCoin pre-launch founding team. By the end of year one, the foundations will each recruit two independent Council Members and some of the founding team Council Members will resign from the Councils. After the first term, Council Members will stand for re-election for consecutive three year terms.


This question revolves around your second question (let me know I’m wrong) "What is the hopefully transparent strategy (in-depth)" to which I gave an answer above. A detailed plan will be made available before the launch of the cryptocurrency in July 2015.

I (and the rest of the team) are available and happy to continue this discussion!

Hi everyone,

Here are a couple elements, taken from an answer I gave to TaunSew's remarks on this thread: https://bitcointalk.org/index.php?topic=1025438.20

TaunSew, a couple points:


I’m not sure what you mean by “nothing on social media substantiates those claims”. TechCrunch also relayed our investor names, as you can check in this article: http://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/
I don’t think any of them would have liked to be mentioned in this article as well as on our website if we had made up their investment
The fact that some people here think we would be making up investors or mentioning big names without their consent probably says more about how shadowy some parts of the crypto world are than it does about us. Our investors may indeed be of a caliber not commonly associated with the altcoin space, but they are certainly real - and they wouldn't allow us to use their names in TechCrunch articles if they hadn't agreed to invest.


I checked the peercointalk thread you’ve been referring to, and nowhere it shows that we’ve been refusing to give proof about our investors.
As well, I would highly recommend you to read our plan, available here: http://www.neucoin.org/en/wiki/ it answers most - if not all - the points mentioned below.

Over the last year, the NeuCoin project team has:

• researched the different consensus mechanisms and more particularly PoS and wrote the industry’s most comprehensive white paper explaining the advantages of proof-of-stake versus proof-of-work,
• built an online wallet - www.MyNeuCoin.com - that is as user-friendly as any leading Bitcoin wallet - and superior to any altcoin wallet
• built at least one consumer on-boarding website - www.GetNeuCoin.com - a game-like tutorial designed to convert mainstream users in a fun and educational way
• built a consumer-friendly cloud mining service that lets users effortlessly earn PoS awards through “growth accounts”
• created partnership with RadioAirplay.com, an artist promotion company that works with 250,000 emerging musicians and Jango.com, a streaming music service with 8 million monthly listeners, to develop a NeuCoin tipping platform
• created partnership with MondoMedia, a video content producer with the largest animation channel on YouTube to develop a premium content micropayments platform
• created a robust vault service to store and control the sale-restricted portion of founding teams’, angel investors’ and partner companies’ sale-restricted NeuCoins

And plenty of other elements.
If you think our project is only about forking Peercoin, you need to have a more in-depth look at http://www.neucoin.org/en/wiki/.

Like I said above, the founders of NeuCoin know our investors well, they have invested in each others' ventures and worked with and built companies together in the past, and all this is public record and not something you can invent. I’m not sure where the “refusal to validate” comes from.


Bitcoin is still nowhere in terms of mainstream adoption, and there is a reason for this: Bitcoin suffers from a real free rider problem. The costs of effectively marketing Bitcoin (ideally giving some away for free) and building truly useful applications for it are high. These high costs must be borne by individual companies, while the rewards would be spread across all existing Bitcoin holders. This misalignment of costs and rewards is what is holding back utility development and consumer adoption.

Hey there! I’d advise you to have a look at http://www.neucoin.org/en/, you will see an extensive description of our project. If you have questions after having read it, please post here or on our forum http://forum.neucoin.org/, I’ll be happy to answer.

*******
TaunSew, a couple points:


I’m not sure what you mean by “nothing on social media substantiates those claims”. TechCrunch also relayed our investor names, as you can check in this article: http://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/
I don’t think any of them would have liked to be mentioned in this article as well as on our website if we had made up their investment
The fact that some people suggest that we would be making up fake investors probably says more about how shadowy some parts of the crypto world are than it does about us. While our investors are of a caliber not commonly associated with the crypto space, they are certainly real.


I checked the peercointalk thread you’ve been referring to, and nowhere it shows that we’ve been refusing to give proof about our investors.
As well, I would highly recommend you to read our plan, available here: http://www.neucoin.org/en/wiki/ it answers most - if not all - the points mentioned below.

Over the last year, the NeuCoin project team has:

• researched the different consensus mechanisms and more particularly PoS and wrote the industry’s most comprehensive white paper explaining the advantages of proof-of-stake versus proof-of-work,
• built an online wallet - www.MyNeuCoin.com - that is as user-friendly as any leading Bitcoin wallet - and superior to any altcoin wallet
• built at least one consumer on-boarding website - www.GetNeuCoin.com - a game-like tutorial designed to convert mainstream users in a fun and educational way
• built a consumer-friendly cloud mining service that lets users effortlessly earn PoS awards through “growth accounts”
• created partnership with RadioAirplay.com, an artist promotion company that works with 250,000 emerging musicians and Jango.com, a streaming music service with 8 million monthly listeners, to develop a NeuCoin tipping platform
• created partnership with MondoMedia, a video content producer with the largest animation channel on YouTube to develop a premium content micropayments platform
• created a robust vault service to store and control the sale-restricted portion of founding teams’, angel investors’ and partner companies’ sale-restricted NeuCoins

And plenty of other elements.
If you think our project is only about forking Peercoin, you need to have a more in-depth look at http://www.neucoin.org/en/wiki/.

Like I said above, the founders of NeuCoin know our investors well, they have invested in each others' ventures and worked with and built companies together in the past, and all this is public record and not something you can just make up. Not in the world we come from. I’m not sure where the “refusal to validate” comes from.


Bitcoin is still nowhere in terms of mainstream adoption, and there is a reason for this: Bitcoin suffers from a real free rider problem. The costs of effectively marketing Bitcoin (ideally giving some away for free) and building truly useful applications for it are high. These high costs must be borne by individual companies, while the rewards would be spread across all existing Bitcoin holders. This misalignment of costs and rewards is what is holding back utility development and consumer adoption.

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Hi btcbug!


The presale will start on April 28, you will be able to access it from http://www.neucoin.org/en/ when it begins. You can also join our forum http://forum.neucoin.org/ to get regular updates about the project and ask all the questions you may have about it!

The NeuCoin premine allocation has been announced and transparent from the beginning. If you look at my very first post on this thread, the pie chart already described the ratios of distribution and fund allocation you are referring to
I would highly advise you to have a look at http://www.neucoin.org/en/wiki/#foundations about our governance. All foundations are ultimately controlled by NeuCoin holders (1 NeuCoin = 1 vote), who have the power to hire, fire and set compensation for the foundations’ Council Members, and have a right of approval on annual budgets, spending priorities and other matters. This structure makes NeuCoin more decentralized and accountable than Bitcoin, Ripple or Stellar, let alone most of the anonymous alt coins out there.
We are releasing new details about our strategic plan very often, and will keep doing so.


Interesting rating, as most of our investors have reputations they would not want to risk by associating themselves to a scam. If you look at our team, angels and advisors (http://www.neucoin.org/en/wiki/#people), none of them are anonymous, and most of them (including myself) would risk a lot by association their names to a scam. We all have track records that are publicly available (Twitter, LinkedIn, etc).
Besides, we are all subject to very strict 5-year re-sale restrictions on our NeuCoin holdings. They were announced on our launch, on this link http://www.neucoin.org/en/wiki/#advantages, point 10. We will only benefit from having founded NeuCoin by making the currency strive in the long run - and these restrictions insure this. Long-term success is what a cryptocurrency investor should look for, no?

Here is the key information about the NeuCoin presale which will start on April 28:

• 100 million NEU to be offered in exchange for BTC
• Price starts at $0.01 per NEU and increases by 1% per day
• Presale ends after 60 days or when the 100 million tokens have been sold

All proceeds from the presale will be held in escrow until the NeuCoin cryptocurrency is launched, expected to happen in July. (If the launch does not occur by September 30, all presale purchases will be refunded). Following launch, all proceeds will be distributed among NeuCoin's three Isle of Man-based, non-profit foundations - the Code, Growth and Utility Foundations - and will be used, along with cash remaining from NeuCoin's strategic angel round, to fund core development, consumer marketing and projects that increase the utility of the cryptocurrency.

The initial price of $.01 per NeuCoin is two times the price paid over the past year by NeuCoin's strategic angel investors (in cash) and NeuCoin's founding team. However, all the NeuCoin sold to angels and retained by the founding team can only be sold or used at the rate of 2%/month during the year after launch, 3%/month during year two, 4%/month during year three, 5%/month during year four, and 6%/month during year five. These re-sale restrictions were put in place to ensure that the founding team and strategic angels are committed to the successful development of NeuCoin over the long term.

The main purpose of the presale is to enable the broader crypto community to join NeuCoin's own community:

• A founding team who have launched several consumer-facing internet companies that have reached tens of millions of users in the music, gaming and shopping spaces. See bios here: http://www.neucoin.org/en/wiki/#team
• Strategic advisors that include Patricke Stymne, co-founder and Chief Architect of King (Candy Crush Saga), Alex Norstrom, Head of Growth of Spotify, Jackson Palmer, creator of Dogecoin, Michael Witrant, core developer of Peercoin, and Brock Pierce, crypto financier and member of the Bitcoin Foundation
• NeuCoin's strategic angels, invited to invest based on their ability to forge partnerships and help drive consumer adoption, include the SVP of Business at Uber, the President of Hotwire, the Head of Growth at Facebook, Producers of television shows American Idol and X-factor, and dozens of other top tech, media and VC executives and entrepreneurs. List of angels here: http://www.neucoin.org/en/wiki/#angels

The initial presale price of $.01 equates to a market value of $30 million for the total supply of 3 billion NeuCoins that will exist at launch. However, at a price of $.01, it is worth noting that coinmarketcap.com (the popular digital currency pricing information provider) will initially indicate NeuCoin's market cap at just $1 million - because the only NeuCoin available for sale at launch will be the 100 million NeuCoins sold in the presale. Moreover, as shown in the chart below, the vast majority of all NeuCoin at launch will be held by NeuCoin's foundations, which will use their NeuCoin assets to increase the utility and value of the cryptocurrency over time.

Proceeds from the NeuCoin token presale, along with cash remaining from the angel investors, will cover the foundations' expenses during the year after launch. The foundations' main objectives for year one are the following:

• One million or more consumers using NeuCoin for online micropayments
• Hundreds of quality content providers accepting NeuCoin micropayments
• Integration with leading exchanges in all major geographic markets to enable easy access to NeuCoin for consumers worldwide

When it launches in the summer of 2015, NeuCoin will be the first cryptocurrency that is:

• easy for regular consumers to access and use
• free for consumers to try out with zero friction
• designed for online micropayments (from $.01 to $1), an area where traditional payment methods are unviable or inefficient
• distributed not just to miners, but to all who grow its value and utility
• secure, efficient and decentralized in the long-run based on an innovative proof-of-stake technology
• supported by well-funded non-profit foundations dedicated to maximizing its utility and value

As an incentive to learn more and get involved, the NeuCoin foundations are offering up to 2,500 NeuCoins to those who read NeuCoin's Strategic Plan (http://www.neucoin.org/en/wiki/) and share their opinions through a questionnaire available from the Strategic Plan page. These would be additional to any NeuCoins you earned if you completed the earlier survey.

Looking forward to your feedback!