Thats cool, thanks! But I'll be minting the normal way for the time being.. Should I expect any stake rewards any time soon ? not sure how the reward system works with Neu.. After 1.6 days (before your Neu are able to mint), it depends on how much you are trying to mint, if the your Neu are spread across multiple address in your wallet and thing like that. Still no stake.. and I get this message, "Warning: No sync-checkpoint received for quite a long time." I have the same message, but it's working. This message only means that Neucoin didn't synced checkpoint yet. Just check if your wallet is unlocked for minting and you good to go. How much you are trying to mint? If it's small amount it will take longer. This is only a 4K neu wallet  Hey Myeportal, nokoin investor.  You're staking 3500 nokoin. With 3500 nokoin staking It will take 18 months, on average, to mint. You might get lucky and mint sooner, You might get unlucky and it will take longer to mint. If you mint in 18 months, as expected, you will get 75% interest. (the monthly rate at that time) = 3940 nokoin interest. In 18 months founders will have minted and compounded 150x a day = 10,000 nokoin interest. But will you mint in 18 months? In 1 years time there are expected to be 8bn nokoin. You have not minted yet (in 1 year), on average, so still own 3500 nokoin (your original stake) Founders have minted about 6000 nokoin (on top of their 3500 original stake) So now there are more than twice as many nokoin. Now your nokoin are likely, on average, to mint in maybe 4 years. At the end of year 2, you still own 3500 nokoin, on average. (because yo still haven't minted) Now your odds of minting are once in 8 years. You have staked 2 years, now you have 6 years staking left, on average, before you mint. Even if you now get "lucky", you will only get 67% interest x 24 month = 4620 nokoin founders will have accrued compounded interest = 13000 nokoin + (probably vastly more) You need 100,000 nokoin at least to get anywhere near founders interest rate. (which is withheld from us) Even then you will be left behind faster and faster because of the "super" compounding by founders. (and team ect) Myeportal, you WILL be an unlucky miner. So will everyone like you. On average, you will NEVER mint. TBF nokoin team did warn against "small" nokoiners staking. But not this clearly why they have no chance of success. The founders get exponentially richer compared to EVERYBODY else. Not just the little guy. It's a ponzi. (these founders coin coming to the market soon....) I would be happy for nokoin Project to show us otherwise. Though I don't expect they can. (these are approx figures. But clearer than theirs at present) Myeportal, 3 days ago, http://forum.neucoin.org/t/how-to-know-if-qt-wallet-is-staking/1670/9"ok boys and girls, this is bigger than any stake i got from XPY. I think this settles the debate. Less than a week of staking and already proof this works." MIRICLES.... |
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M3ndi3 you have my respect.
Who wouldn't have been flattered to be asked to mod.
You were always honest.
Always stayed realistic,
And asked questions when needed.
You did not shill. IMO
I remember the fun days too.
With hind sight, the team never even tried to engage did they?
Tippy was the first and last Idea that happened. I'm glad you were rewarded.
What about languages for launch?
What about the game dev competition?
The other bits n bobs.
Nothing but the bare minimum is ever done, in the most possible time.
nokoin Project are deceiving or purposefully unclear and unspecific.
Promises of clarity forgotten.
If only Darteous had your dignity.
He needs to explain, IMO. He has changed on nokoin.
James mod, very nice, but dim.
Baby.
Why would the professionals leave these two running the ship?
No referal programme at launch, no getnokoin, no block explorer. so basic to install if they were interested.
They never even tried did they?
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Torrgeek nokoin mod, "As for me, I would use the online wallet as long as the fee is less than 1-2% of the coins staked." James nokoin mod, "I agree with you @torrgeek and since the staking is 100% for the first year and the POS is about low fees I'm certain the wallet staking fee will be reasonable if there is one. @Sandrine what is the fee going to be on the NeuCoin wallet for staking if there is even a fee?" Yeah, 1-2% sounds ok Torgeek, James mod. Sandrine, "we're currently working on our communication documents around this, I'll get back to you asap on this subject. I'll give you an answer in the coming week." http://forum.neucoin.org/t/neucoin-speculation/1209/23No answer.
(scam confirmed)
The wallet operator retains
- 24.5 % of a growth account user's 3 MONTH account stake
- 28.4 % of a growth account user's 12 MONTH account stake
Oh. A bit more than you expected mods? |
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So Tempus - here's an idea. How about you register on the NeuCoin forum, write up a question about this inflation stuff, word it politely, keep it a reasonable length and factual, then post it there. Then see what the response is.
As for my previous post I think Rizzlarolla (NoCoin) and Gekko's (STFU) subsequent responses underline my point about this thread......
16 posts all about me, gekko and scam. No attempt to talk about anything. Why don't you post on nokoin forum? Because you have a different name there? |
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Tempus your figures look correct to me. Everyone has to do their own figures as nokoin will not publish. Even published figures cannot be trusted. How many nokoin will there be after 1 year? http://forum.neucoin.org/t/technical-questions-and-clarifications/531/9Speedbird, "3bn coins at 100% annual interest will turn to 8bn in a year through compound interest. Unless I'm mistaken you'll get that if the coins stake approx. every 2 weeks. 100% per year is 4,166 percent per 2 weeks." Kourosh, apr 19 "member of the NeuCoin team and author of the white paper" "That's right, it's actually more often than every 2 weeks considering the decreasing interest rate. I can give you all the hypothesis if you're interested in knowing more." oops, to near the truth, so, Kourosh better twist the figures, Kourosh, apr 22 "member of the NeuCoin team and author of the white paper" "I made a typo earlier (I edited the post), the number of coins after 1 year will be ~6.8 billion. Let's take an example: Imagine you buy ~$200 worth of NeuCoin at the presale, which will amount to roughly 20,000NEU. You mine once at month 3: New total = Old total + reward = 20,000 + 20,000 * 3/12 * 0.9593 ~ 24,797 You mine again at month 6: New total = 24,797 + 24,797 * 3/12 * 0.9124 ~ 30,453 Again at month 9: New total = 30,453 + 30,453 * 3/12 * 0.8675 ~ 37,057 And once more at month 12: New total = 37,057 + 37,057 * 3/12 * 0.8245 ~ 44,695 Therefore, over one year since your rewards were compounded (how often they are compounded depends on how many coins you own), it's equivalent to a one time (44,695-20,000)/20,000~124% annual interest rate." http://forum.neucoin.org/t/how-will-neucoins-be-mined-after-release/163/39That is all I can find on the subject. So Kourosh, member of the NeuCoin team and author of the white paper, deliberately misleads nokoiners. He was correct first time. 8bn nokoin after 1 year. Not 6.8bn. 6.8bn calculated on compounding 20000 nokoin. clearly and knowingly changed his answer, which was correct, to an answer that is wrong nokoin team member deliberately misinforming. |
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cryptsy price down to .00004 (presale price) and almost no volume. buy wall of ~2 BTC at .00004
Great time to buy Neucoin. Thanks for the info. Your welcome, good luck. |
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cryptsy price down to .00004 (presale price) and almost no volume. buy wall of ~2 BTC at .00004
Down to 0.00003858 on Bittrex. Down 20% in 24h. |
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Yeah, I mean any coin can really be used for "micro transactions" and in games if the game supports the coin. So it's not really special, I have been reading through the pages and it looks like nobody likes this coin too much
Try reading/asking on nokoin forum to judge for yourself, (and here of course) Please report back.  |
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I have not yet, it looks like it might be good though with all the backing from big companies and if it actually gets into big mobile games this could take off. The staking is pretty good and it has a short maturity so I'd get a lot of stakes without having to wait like a week or a month for TEKcoin lol. I dont know whats your opinion ?
Ah, ..Your new here. You have seen how naff it is already in your few posts? |
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I have not yet, it looks like it might be good though with all the backing from big companies and if it actually gets into big mobile games this could take off. The staking is pretty good and it has a short maturity so I'd get a lot of stakes without having to wait like a week or a month for TEKcoin lol. I dont know whats your opinion ?
Ah, ..Your new here. |
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Never mind I found it on their website, its not advertised well and the desktop wallet is so basic its ridiculous. Guys do not use the growth account if you withdraw before the time period they don't give you any stake. If you use the desktop wallet you can withdraw whenever you want with your staking rewards.
Did you buy any? |
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the coin show in rich list are correct somewhat.
1.3 billion first
0.7 billion second
0.2 billion 3rd
0.2 billion 4th
Total 2.4 billion Neucoin foundation
nokoin Project, "the NeuCoin Project is supported by three non-profit foundations.... funded with 2.4 billion premined NeuCoin tokens:" NeuCoin Growth Foundation: 1.4 billion NeuCoins NeuCoin Utility Foundation: 0.8 billion NeuCoins NeuCoin Code Foundation: 0.2 billion NeuCoins http://forum.neucoin.org/t/the-neucoin-foundations-plans-for-distribution-of-neucoin-over-2015-and-2016/1529rizz, "what about the 300m nokoin set aside for founders work after launch?" Torrgeek nokoin mod, "Troll" nokoin blockexplorer shows, 1st 1.3 billion (100m short of 1.4 billion)2nd 0.7 billion (100m short of 0.8 billion)3rd 0.2 billion (Code foundation. correct) ----- 2.2 billion (0.1 billion yet to be set aside for founders?)4th 0.2 billion (set aside for founders?)No attempt to explain this from nokoin Project of course. The 300m nokoin set aside for founders still unaddresed by nokoin Project. No nokoin forum member has asked for clarification. There are only 3 foundations, yet 4 wallets add up to 2.4 billion. That's close enough? (Will Colt 45 ask about this over there?) As Tempus said, "There are not much users on their forum and near to zero action. I don't believe that they were able to sell 100 Mio Neucoins for about 1 Mio Dollar. If so many real investors would've bought this, there would be a lot more communication about it, a lot more banging the drum for it (from the community) and a lot more questions about it and so on." |
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Any sane person can see Colt 45 is likely a team member.
Who's vilifying now? Anyone not totally agreeing with you is disregarded as a team member. Anyone trying to actually discuss anything instead of just agreeing with you, maybe with a different opinion, you just claim are just part of the conspiracy, "in on it"... It's ridiculous. You are obviously entitled to any opinon you want, but so is everyone else. OK. Any sane person can see Colt 45 is likely a team member. Imo. It's hardly vilifying. It's an observation. I do not say that about many people. You registered on nokoin forum Sept 22, 1 week you made 27 posts. You are much more clued up on nokoin than most there. But you never talk numbers? You join here 2 weeks. Just same time as "nokoin project" were clearly shilling this thread. Other nokoin team members post here, sometimes undeclared. If you are not, OK Imo at the moment, you are. |
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Wait and see, judge tomorrow. nokoin always ask.
But look at all the evidence.
No communication, hardly, ever.
One and a half years in the making
Always everything is "coming"
Then at launch
No block explorer, now created in garage land.
Crappy qt wallet, already bettered in garage land.
No simple games.
No getnokoin.com
No utility.
No referal programme in place.
No "languages" at launch as discussed.
A year and a half just to "tweek" Peercoin. Nothing else
It doesn't add up.
It's always wait and see tomorrow.
Tomorrow never comes with nokoin.
But even if all the above were available, as Tempus is finding, the figures don't add up, are purposefully unclear and confusing, deceitful or missing.
Anyone asking is vilified.
So unprofessional.
I have done the figures best I could,
Now Tempus is doing figures.
Nokoin will not show these figures.
Because they don't add up to anything but a scam - they will profit, investors will not.
Any sane person can see this.
Any sane person can see Colt 45 is likely a team member.
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i bought 50k neucoins
Why? It's a serious question and not meant critical... I just would like to know (in general, not just regarding you) what those, who support and buy this project, see in it. No serious answers from nokoin Project here tempus? just want to point out the "other" 0.3bn as allocated to founders. (no release plan publicised) And foundations pay scheme? - 2.4 (2.1) billion held by the three non-profit foundations: 0.4 billion - Code foundation / 1.0 billion - Growth foundation / 1.0 billion - Utility foundation -(0.3 billion set aside by foundation for founders £2.25m work after launch)- 0.2 billion retained by founders founding team 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 - ?? 3 foundations council, overseer, Ceo pay |
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Hey Myeportal, nokoin investor. You're staking 3500 nokoin. With 3500 nokoin staking It will take 18 months, on average, to mint. You might get lucky and mint sooner, You might get unlucky and it will take longer to mint. If you mint in 18 months, as expected, you will get 75% interest. (the monthly rate at that time) = 3940 nokoin interest. In 18 months founders will have minted and compounded 150x a day = 10,000 nokoin interest. But will you mint in 18 months? In 1 years time there are expected to be 8bn nokoin. You have not minted yet (in 1 year), on average, so still own 3500 nokoin (your original stake) Founders have minted about 6000 nokoin (on top of their 3500 original stake) So now there are more than twice as many nokoin. Now your nokoin are likely, on average, to mint in maybe 4 years. At the end of year 2, you still own 3500 nokoin, on average. (because yo still haven't minted) Now your odds of minting are once in 8 years. You have staked 2 years, now you have 6 years staking left, on average, before you mint. Even if you now get "lucky", you will only get 67% interest x 24 month = 4620 nokoin founders will have accrued compounded interest = 13000 nokoin + (probably vastly more) You need 100,000 nokoin at least to get anywhere near founders interest rate. (which is withheld from us) Even then you will be left behind faster and faster because of the "super" compounding by founders. (and team ect) Myeportal, you WILL be an unlucky miner. So will everyone like you. On average, you will NEVER mint. TBF nokoin team did warn against "small" nokoiners staking. But not this clearly why they have no chance of success. The founders get exponentially richer compared to EVERYBODY else. Not just the little guy. It's a ponzi. (these founders coin coming to the market soon....) I would be happy for nokoin Project to show us otherwise. Though I don't expect they can. (these are approx figures. But clearer than theirs at present) |
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I was waiting for answers to legitimate questions, that wont happen.
nokoin survey coin and getnokoin.com are all I got.
Now I'm worried about Myeportal and sweetsajid. And all the others like them.
Staking for nothing.
No understanding of nokoin.
No official help.
Are you worried for them?
Do you understand nokoin?
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Average clueless nokoin investor, http://forum.neucoin.org/users/sweetsajid/activitysweetsajid, 2h ago "I am a very positive person and always looks the glass is HALF FULL" sweetsajid, 40 min "I am not sure about it but you can find the approximately number of NeuCoins being staked, its tricky. Total NeuCoins being staked = Total Number of NeuCoins minted till today (100,000,000 available supply as on CoinMarketCap) - Total volume of NeuCoins on exchanges Do math and forget … " 100m nokoin staking, minus exchange books? sweetsajid, it's 3000m nokoin staking, minus exchange books. Completely clueless. Just how nokoin like to keep em. Or Myeportal, 2 days ago, http://forum.neucoin.org/users/myeportal/activity"I also want to know if and how long before we can expect a sign that it is working? I have about 3500 staking now and have for last 2 days, no signs yet" Staking 2 days,? Myeportal, you've got a year and a half to go, on average. (No clarification from Ophelie.) Completely clueless, Just how nokoin like em. Ophelie, In 1 years time, there will be approx 8bn nokoin. Then it will take Myeportal about 4 years to mint. and so on. Myeportal will NEVER mint? |
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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. No. We developped it for internal purposes and we're keeping it private until we feel the UX is good enough to release it. We are under no obligation to release this project and if you really want one *now* you should just go make one yourself. Or maybe you can't. Because you don't understand a thing when it comes to development. Let me remind you that a blockchain explorer allows you to browse the transaction history from the genesis block. So now you have 3 solutions: - wait for the blockchain explorer, courtesy of NeuCoin, - wait for someone else to make one (this is not prohibited), - learn how to poll the blockchain through the client. You seem to have a lot of time on your hands, don't be lazy. Cheers! Ophelie on 2015-08-05: "We're also finished with the development of a fully functional blockchain explorer." In context, the whole sentence, http://forum.neucoin.org/t/pre-launch-updates/1268/76"We have finished the development of NeuCoin's client and MyNeuCoin website. We're also finished with the development of a fully functional blockchain explorer." You certainly implied it was for the nokoiners general use, along with the client and mynokoin, or why mention it in the same sentence. Now you are basically saying "We developed it for internal purposes and we're keeping it private. We are under no obligation to release this project. if you really want one *now* you should just go make one yourself. We Just told the nokoiners we had our own explorer to rub their noses in it, the lazy bastards. They can make their own. Pff.." Deceit. Anyway, just more BS on the massive list of BS deceitful and evasive answers. How many nokoin will you receive in this secretive 300m nokoin 3 years founders deal? (Torrgeek shill mod also asked) Where are the bitcoins going? How much is Magicking paid to run 2 foundations? What % interest are you able to obtain on team/founder minting (with at least 800m nokoin)? Cheers. |
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