At the end of the day it's all about user adoption. If Neucoin can get lots and lots and lots of users from the games and distrubution it will be a game changer. I think they have a good strategy and seem to think different. The new ripple.
The short term trading stuff honestly doesn't interest me as much as the long term potential. That this could really be the thing that introduces crypto to new kinds of audiences. Some of you make fun of "Average Joe" but I'm serious about that. If Neucoin can reach people outide of altcoins and bitcoin, it would be huge.
Ok, that's your dream. Success has nothing to do with finance structures? How much is given to Founders is irrelevant? Whatever the price, you dont care? Ok, but what of people who want to try and look at this seriously? They should not know either? Blind faith. So it's about popularity? User update, (10 weeks later) Shocked http://forum.neucoin.org/users?period=allGekko still 29th on "time read" list. gerkin still joint 2nd NomadBR slips 1 place to joint 6th torrgeek joint 6thgerkin slips 3 places to 17th on the all time "likes received" list NomadBR slips 2 places to 19th torrgeek 11thNomadBR slips 1 place to 14th on the "likes given" list gerkin slips 2 places to 21st torrgeek 13thAfter 4 months BAN, barely any change. As I said 10 weeks ago, "no new "real" users are coming through" torrgeek's figures in same ball park as members banned 4 months ago. Banned members still top 20 users, after 4 months. No new user coming through. |
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Sorry, no one else to ask.
Ah..you broke my heart, troll. I thought you were asking me coz you liked me Do you know the answer to "How many neucoin the founders will receive over three years?" No? Bit much me being called a troll for asking. You being a mod n'all |
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When Neucoin is launching?
What price will be?
Neucoin will launch before September 30, 2015. The price is unknown for now. You can find more info here http://forum.neucoin.org/(Full version) neucoin will launch before the absolute deadline of 30th September. All previous dates have been missed, but this time is different. bitcoin will have to be returned if no launch this time, only a few days left, ready or not. Price? who knows. No exchanges anyway, so, don't even worry about it. I can find no more clear answers here,- http://forum.neucoin.org/Let me know if you can. |
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but then, I suspect you already knew the answer to your question just like all the other "questions" you have been posting here but are just trolling like always. Oh and please don't bother denying it since what you are doing is painfully obvious.
I don't know how many coin the founders will receive over 3 years, for $2.25m work. No one does. - Except the founders That is why I asked. Do you know? No? No one does. |
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Question was "Good deal Torrgeek?"
If you going to use a "growth account"
Sorry, no one else to ask.
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BTW, even now, after 2 months ban and only a week on nokoin forum, only 29 "users" are listed with more "time read" than Gekko!. NomadBR joint5th, gerkin joint 2nd!, but they were "allowed" to stay a little longer than Gekko.
gerkin is still 13th on all time "likes received" list, NomadBR 17th, so no change there in 6 weeks, even though the mods are now liking every post going! The problem is the handful of people left were already above gerkin & NomadBR, no new "real" users are coming through, as I said weeks ago. ("lost" somewhere in these 30 pages)
This is why NomadBR is also still 13th on the "likes given" list, gerkin 19th
THE NOKOIN FORUM IS DEAD
User update, (10 weeks later)  http://forum.neucoin.org/users?period=allGekko still 29th on "time read" list. gerkin still joint 2nd NomadBR slips 1 place to joint 6th gerkin slips 3 places to 17th on the all time "likes received" list NomadBR slips 2 places to 19th NomadBR slips 1 place to 14th on the "likes given" list gerkin slips 2 places to 21st After 4 months BAN, barely any change. As I said 10 weeks ago, "no new "real" users are coming through" I am not surprised, even Baby mod seems to have followed Dart out the back door. Good luck with launch next monday.  |
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Is this how neucoin mining works, Torrgeek puts his 1k neucoin in a 1 year neucoin growth account. Torrgeek earns 100% interest, thats 2k neucoin  Dan has the foundation mine his 1k neucoin for him, super efficiently, no neucoin growth account needed here. Dan earns the full compound interest rate, thats 2.47k+ neucoin  Dan can sell some every month, say 2%, and still have about 2k neucoin at year end. Torrgeek cant sell any during his contract.  Dan gets nearly 50% more interest than torrgeek. Dan can sell every month, Torrgeek can't.  Good deal Torrgeek?  |
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Another NoKoin Strategic Plan Inconsistency Also note that given the foundations' continual coin distribution, by year three they will no longer own a majority if the coins, and by year 10 they will own less than 5 percent of the coin supply. vs. Foundation coin holdings are projected to peak around year five, then decline slowly and ultimately stabilize at under 5 percent of the total supply. I saw that. They might be explaining it from 2 different angles? I don't know, it's not clear as usual. a. a majority of all coins b. total number of coin foundation ever owned (probably not, but they could argue this?) However, I suspect the founders 300m coin for work after launch is the key to this more recent information, "by year three they will no longer own a majority of the coins," These 300m coin are "set aside" at launch, but still count toward foundation total of 2.4bn. Ok, so the foundation technically control them (which is why neucoin project say foundations have 2.4bn coin, not 2.1bn that they can actually use/stake) After year 1, foundation will hold 600m founders coin, (after releasing over 100m) a "false 600m" holding After 3 years the remaining balance of these coin is paid in full to the founders. (see strategic plan) The balance will still be around 600m neucoin (using my figures as explained in previous post. 850m+ already released. no official equation for this exist) This "final release" to founders will swing the balance of foundation controlled coin to "less than 50% of all neucoin" A swing of effectively 1.2bn neucoin (if the final payment is much less it will be because higher rewards have already been taken. same sort of affect.) neucoin haven't shown a real set of figures for founders 3 year release (Just some crappy 2 month example of 1m neucoin, based on the 5 year release plan. not relevant here) "Illustration of how the re-sale restrictions work in practice" http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526Based on that, my figures are conservative. I think. No consistency here, no transparency here. Just confusion, deflection, resignation.  |
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Sale restriction coin released at 2% per month. First year average coin released per month to "insiders" 200m founding team. - 6m per month = $60k 200m angels, - 6m per month = $60k 100m seed, - 3m per month = $30k 300m founders, - 9m per month = $90k * * assumed @2% per month. no details from neucoin. could be much higher? Total monthly average released coin, 24m = $240,000 per month. Second year figures are way over double first year. Ditto year 3. approx figures. presale prices. (btw, 3bn coin -800m restricted coin -100m coin presale = 2.1 bn coin for foundation, not 2.4bn. thats a double spend?) neucoin project have been invited to clarify. |
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Oh rizzla... you're rambling again... make up your mind.
EITHER
neucoins will hold or increase their value and the neucoin team will make a lot of money - as will any other neucoin holder!
OR
nobody is buying and the neucoins won't be worth anything and the neucoin team along with all other neucoin holders won't make any money.
rizzla dear, you can't argue that both things will be happening at the same time.
I'm not arguing that both will happen, I'm asking which scenario justifies this meaningless $2,25m figure. You over simplify. neucoin need not go up ln price to achieve $40m payout, thats at presale price, and founders still get $2.25m even at very much lower price. They will be paid well even at price levels were "investors" make big losses. (my favoured scenario) We are told, Coin holdings restricted for use or sale First of all, unlike any other cryptocurrency project, all members of the founding team, angel investors, and service providers of the NeuCoin Project have agreed to the imposition of use and sale restrictions on the NeuCoin tokens they have received or will receive. Restricted coins become unrestricted according to the following schedule: 2% of holdings per month in the first year, 3% per month in year two 4% per month in year three 5% per month in year four 6% per month in year five After year five, all restrictions expire http://forum.neucoin.org/t/how-the-neucoin-community-can-monitor-the-foundations-and-teams-neucoin-token-holdings-over-time/1526ok, we can work out that this comes to $25m presale value approx (In the first 3yrs. Year 3 to year 5 not included) But this does not include "founders" coin. (It does includes "founding team" coin, confusing isn't it?) The foundations have set aside an additional 300 million sale-restricted coins (plus PoS awards earned on these coins) to release to the founders over the three years following launch... http://www.neucoin.org/en/wiki/#role-of-founders-amp-teamWe need %release 3yr plan for "founders" as above so it is "transparent" as claimed. My best guess at the moment is that the "3oom neucoin" turn into $15m at presale price. (over 3 yr) I explained how I calculated this figure. $15m +$25m = $40m in three years? Then we can more accurately decide for ourselves what the price of neucoin is likely to be. We can add this to the possible 1,865,000,000 given away in year 1, $18.65m presale value. (That now equals about 2.5 presales per month Investors must compete against in the market. Is 0.01 presale price sustainable?) neucoin have not clarified, don't they want us to clearly see how much of a drain this will be on neucoin price? |
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I want to confess. I created an account back in April with only one goal - to talk shit about Neucoin. pretty much I am proud of what I do. Everyday I try to post something negative about Neucoin. yeah, if its thereYes, it is time consuming process, but I do my best. agreedI am not alone. correct Well actually I am, incorrect Gekko463, LiQio, scam confirmed and RealMalatesta and few more (jonald_fyookball is not one of me, but I wish he was (he is beautiful), shhhh…sometimes I use his profile picture on other forums, we are actually one. actually thats pure crapAnyway, I am doing this for almost 6 months. I feel a little bit tired of posting shit everyday. you got that right, neucoin was supposed to launch back ln spring You know I need to quote somebody’s previous post, then write some stupid questions, uhhhhh… a few answers back in the day may have solved this. Try doing this 3-4 times a day everyday… 3-4 times a day x 6 months =630 posts?Most often I post posts without any logic. nah. rarely without logic. although talking to myself can get a bit tedious. I quote Neucoin or people who talk positive about them and then ask irrelevant questions. lrrelevant? you not keeping up. lots of my posts are not about positive talkers, more dismay, misinformation, the teams apparent lack of expertise and so on. This really works, because nobody understands what I ask. no one at neucoin does it would seem. they just got the hump.Then I re-ask them once again. and again And of course nobody can answer back because they already answered it previously the best they could and I highlight the best I coulds So I make it to look like not answered question. good one, funny That is so funny. yeah I repeat this scheme everyday. oh not 3 or 4 times?If somebody replies with a logical answer and I have nothing to say, if that happened... then I release a heavy shit spitters like LiQio, Scam or Gekko463. In times then nothing works against Neucoin I release RealMatesta This one meant for heavy insults. obvious fantasy Most of you might ask me, why I am doing this or what is my interest? You know that I will not reply read my posts, keep up if your interested, bring something plausableI don’t care about people who invested in Neucoin and I absolutely don’t care about Neucoin. half rightAs long as you like Neucoin in any way, my job is to shit on you and Neucoin. your entitled to like neucoin. my posts are mainly for others who may be somewhat unsure of details, and others who see what I see
(newtoallofthis, I hope this helps!) |
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arcanin, "But hey, telling that would kill the FUD, right?"
So I will ask again.
over 3 years, will the "team/angels/founders/founding team" receive approx 4bn neucoin ? ($40m at presale value, additional payments from year 3 to year 5 excluded)
Will founders "300m neucoin at launch for $2.25m work after launch" equate to approx 1.5bn neucoin? ($15m at presale value)
(No details on founder payment plan, so I have presumed the "additional 300 million sale-restricted coins (plus PoS awards earned on these coins) to release to the founders over the three years following launch " will be paid at 2%yr 1, 4%yr 2, 6%yr 3. then final settlement)
Is an email voting system adequate to trigger 200m neucoin payment to founders?
From the wiki "Note that if the foundations fail to institute the voting mechanism described below within one year of launch, the founders forfeit their rights to receive the remaining 200 million coins." - I see no description below?
Of course, if neucoin does gradually lose value over 3 yrs to 0.00015, then founders may receive around $2.25m worth neucoin over that 3 year period for their "2.25m worth of work over 3yr" (my best guesstimate)
Is that what is expected.
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the coin is worthless unless it's on an exchange.
What was that argument I had with Dart? What a fuss he made to point out, "Only presale investors would have coin "at launch" (to trade). Restricted coin will not be sold for a month after launch." No exchange comming for a month. (at least?) A joke surely? BTW shortest "growth account" period is 3 months. neucoiners who wanna sell can't. neither can they grow for 1 month only. Their newcoin devalue by the minute. |
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neucoin simple to use? More deception, http://forum.neucoin.org/t/inconsistent-transaction-fees/1556Long time fanboy mminaei doesn't understand tx fees anymore. Nor do I, they keep changing. 0.001 fee kept, no 0.01 fee destroyed, no it depends how many UTXOs your spending.... Sandrine, "mminaei, sorry this was not clear, @6120 is part of the team (I'm giving him admin rights now, completely forgot to do it before) What? "Forgot" he was part of the team. BS Next Sandrine will "remember" Newtoallofthis is "part of the team" neucoin. never knowingly informative. Always knowingly deceptive. Read my posts. read this thread. neucoin, same old. |
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So Torrgeek, what do you think of the founders/team/angels receiving $40m worth of neucoin over 3 years?
The founders get around $15m, (for 2.25m work) the other insiders get most of the rest.
You did ask the team for clarification but it never came.
$40m over three years is equal to a presale every month, just to pay the insiders.
Wow, so you think neucoins will be worth THAT much! neucoin could not sustain such a cash outflow. And all those free coins also, And all those bounties, And all those rewards, And.. Only the insiders will walk away from this in the money. (your money Torrgeek) And a few early dumpers maybe. |
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So Torrgeek, what do you think of the founders/team/angels receiving $40m worth of neucoin over 3 years? The founders get around $15m, (for 2.25m work) the other insiders get most of the rest. You did ask the team for clarification but it never came. $40m over three years is equal to a presale every month, just to pay the insiders. On a positive note, this Looks ok, "the largest share of the foundations’ NeuCoin endowment will be given for free directly to consumers." I will get all I can to dump. Thanks neucoin. How many did you BUY Torrgeek? Bit like Sid wanting to dump 18000 survey coin. One problem, no one will buy them |
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Coin holdings restricted for use or saleFirst of all, unlike any other cryptocurrency project, all members of the founding team, angel investors, and service providers of the NeuCoin Project have agreed to the imposition of use and sale restrictions on the NeuCoin tokens they have received or will receive. Restricted coins become unrestricted according to the following schedule: - 2% of holdings per month in the first year
- 3% per month in year two
- 4% per month in year three
- 5% per month in year four
- 6% per month in year five
- After year five, all restrictions expire
Illustration of how the re-sale restrictions work in practiceConsider an angel who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angel’s NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angel’s choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angel’s address. And so on. This seems ok. Makes everybody motivated to increase the value of the coin, at least for 5 years. Yeah, seems ok. Till you crunch the numbers. Do the math. You will see it is a ponzi? $40m will be paid to founders/team/angels in just the first 3 years alone, at presale prices. That's the equivalent of a presale every month for the next 3 years. Do the math yourself. neucoin wont do them for us. Can't understand why they don't want us to know? |
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ok, So would Founders 300m (not founding team 200m) look like this? 300m at end month 1 x8% = 324m, so 2% become available. = 6,480,000 neu 6,480,000 @1p = $64,800 month 2, 317.5m x 7.9 % = 342,582,500 so 2% become available = 6,851,650 neu 6,851,650 @1p = $68,616 and so on,,, except the founders appear to only have 3yr restrictions (strategtc plan), these are five yr figures I have used, so the monthly returns will be higher? Until figures are published it's all guess work. Why have the cash allocations to foundations been removed? No "announcement" of this cash reduction? ---- So am I reading this right? Total neucoin restricted allocations. Founding team 200m, Angels 200m, seed 100m, Founders 300m = 8000m end month 1, 800m x 8% = 864m, 2% of 864m = 17.28m 17.28m x 1p = $172k $170k per month @ 1p (or more with founders 3yr plan) ? Is this "about right"? Is my math incorrect? |
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I don't see the problem. Seems like they were always planning a coordinated listing within a month after launch. Probably smart.
Probably a good selling point? "No exchange at launch" Yeah, neucoin should have sold it more on this point. Sure all the investors will be delighted to hear about this "bonus" |
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Yeah I know.
Then Drowning mark replies
"We're already reaching out to many of the exchanges mentioned here, and we hope to have at least a few of them available at, or soon after launch."
But to James mod,
"This is great news, I can't wait to see where NeuCoin will be listed."
Mark and James weren't sure.
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