Neucoin presale selling like pancakes. Should I buy some or not?

[rokkyroad]

People still throwing money away on IPOs. Sad.

[TaunSew]

I liked Gems where only after collecting a fortune from people, they announced serious deviation from their original plan and decided: "we'll just fork telegram".    Bait and switch is a form of fraud.

How many scam and fraudulent IPOs have there been on Bitcointalk and nobody was ever sued or put into prison for them?  I wonder how Bitcointalk can even get away as an enabler for them too, beyond agreeing to any subpoena that comes their way.

Not that does any good because it always seems these IPOs, although many can be ran by Americans, are either ran by individuals or companies in developing countries or tax havens immune to prosecution.  NeuCoin is no different where it is based out in the Seychelles.

[jonald_fyookball]

I liked Gems where only after collecting a fortune from people, they announced serious deviation from their original plan and decided: "we'll just fork telegram".    Bait and switch is a form of fraud.

How many scam and fraudulent IPOs have there been on Bitcointalk and nobody was ever sued or put into prison for them?  I wonder how Bitcointalk can even get away as an enabler for them too, beyond agreeing to any subpoena that comes their way.

Not that does any good because it always seems these IPOs, although many can be ran by Americans, are either ran by individuals or companies in developing countries or tax havens immune to prosecution.  NeuCoin is no different where it is based out in the Seychelles.

I love how neucoin claims to "foil all attack vectors" (never mind how)
but in the presale agreement there is
"risk of cryptographic attack" that you have to sign onto.  

[Hazard]

paycoin 2.0

+1

The presale counter is completely falsified.

[adidas]

paycoin 2.0

+1

+2

You can buy after the launch.
With at least 50% discount.

[OBAViJEST]

http://www.neucoin.org/en/purchase_agreement

Severability

If any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision, without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of these Terms, which shall continue to be in full force and effect.

Purchase Agreement written by the Oracle?

[jonald_fyookball]

http://www.neucoin.org/en/purchase_agreement

Severability

If any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision, without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of these Terms, which shall continue to be in full force and effect.

Purchase Agreement written by the Oracle?

severability clauses are pretty standard.

[tokeweed]

It sounds like all the investors are buying into promises the devs will deliver something special. It's not often any previous IPO coin's devs delivered on their promises. More often than not the investors lose out.

Yeah.  I've been thinking about this.

[tokeweed]

paycoin 2.0

+1

+2

You can buy after the launch.
With at least 50% discount.

This is what I think will happen too.  I was worried about missing out.  But the market sentiment was different when the IPO for NXT came out.  Those were bullish times. 

[kopipe]

Obvious shitcoin.

They rose $2.5M already and won't even have a wallet until July. They confirmed this for me on Twitter. https://twitter.com/HW_BEAT_THAT/status/591548815657709568

What was the $2.5M from investors for?

So between the date of the presale and July your Neucoin "cryptocurrency" is going to be in an Excel spreadsheet on some hipster's MacBook. Let's hope it doesn't get accidentally erased  

[tokeweed]

Obvious shitcoin.

They rose $2.5M already and won't even have a wallet until July. They confirmed this for me on Twitter.

So between the date of the presale and July your Neucoin "cryptocurrency" is going to be in an Excel spreadsheet on some hipster's MacBook. Let's hope it doesn't get accidentally erased 

Lol.  I was thinking the same.  But in a different context.  But yours is funny. 

[OBAViJEST]

http://www.neucoin.org/en/purchase_agreement

Severability

If any portion of these Terms is found illegal or unenforceable, in whole or in part, such provision shall, as to such jurisdiction, be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision, without affecting the validity or enforceability thereof in any other manner or jurisdiction and without affecting the remaining provisions of these Terms, which shall continue to be in full force and effect.

Purchase Agreement written by the Oracle?

severability clauses are pretty standard.

True; ignore my fallacious comment.   

[jonald_fyookball]

paycoin 2.0

+1

+2

You can buy after the launch.
With at least 50% discount.

This is what I think will happen too.  I was worried about missing out.  But the market sentiment was different when the IPO for NXT came out.  Those were bullish times. 

how much was NXT during the presale?

[tokeweed]

paycoin 2.0

+1

+2

You can buy after the launch.
With at least 50% discount.

This is what I think will happen too.  I was worried about missing out.  But the market sentiment was different when the IPO for NXT came out.  Those were bullish times.  

how much was NXT during the presale?

I think the IPO got 21 BTC for the whole billion NXT.  Not sure....

[bitcoin_bagholder]

What a bunch of bullshit.  

1) They claim they've sold over 70M neucoins for over 3K BTC.
2) They claim the proceeds are visible here: https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH
3) There is .05 BTC in that address

They originally listed the names of people behind this scam in this article, but they have since been scrubbed.. INTERESTING HMM?
https://www.cryptocoinsnews.com/neucoin-teams-techs-top-executives-bring-cryptocurrency-masses/

Clearly the next GAW.  Assholes.  Fuck Off.

Right now there's over 2,700 BTC in that address.

[tokeweed]

What a bunch of bullshit.  

1) They claim they've sold over 70M neucoins for over 3K BTC.
2) They claim the proceeds are visible here: https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH
3) There is .05 BTC in that address

They originally listed the names of people behind this scam in this article, but they have since been scrubbed.. INTERESTING HMM?
https://www.cryptocoinsnews.com/neucoin-teams-techs-top-executives-bring-cryptocurrency-masses/

Clearly the next GAW.  Assholes.  Fuck Off.

Right now there's over 2,700 BTC in that address.

Are there any stipulations in their terms and conditions that they won't be holding all the BTC in BTC?  Will they be selling part or maybe all of it like what Factom did?

[bitcoin_bagholder]

What a bunch of bullshit.  

1) They claim they've sold over 70M neucoins for over 3K BTC.
2) They claim the proceeds are visible here: https://blockchain.info/address/3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH
3) There is .05 BTC in that address

They originally listed the names of people behind this scam in this article, but they have since been scrubbed.. INTERESTING HMM?
https://www.cryptocoinsnews.com/neucoin-teams-techs-top-executives-bring-cryptocurrency-masses/

Clearly the next GAW.  Assholes.  Fuck Off.

Right now there's over 2,700 BTC in that address.

Are there any stipulations in their terms and conditions that they won't be holding all the BTC in BTC?  Will they be selling part or maybe all of it like what Factom did?

They don't say. It will be sent to their three "foundations" to "fund core development, consumer marketing and projects that increase the utility of the decentralized cryptocurrency, including platforms for micropayments."

The way it's worded they can exchange the BTC for fiat after the coin launches...

From their site:

Proceeds refunded if launch does not occur by September 30

All proceeds from the presale will remain untouched at this publicly visible and verifiable address: 3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH 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.

Proceeds used to increase utility and value of NeuCoin

Following creation and launch, all proceeds will be distributed among NeuCoin’s three Isle of Man-based, non-profit foundations - the NeuCoin Code Foundation, the NeuCoin Growth Foundation and the NeuCoin Utility Foundation - 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 decentralized cryptocurrency, including platforms for micropayments.

[HCLivess]

I'd do as I did with Ethereum and NXT. Wait a year for interest to wither. Then buy.
Not the sure way to gain money, but a surer way not to lose any.
There are no trains to be missed, remember the Willybot

[DecentralizeEconomics]

Jackson Palmer

Didnt he leave Crypto? Or the master shitcoin maker is still milking crypto for fiat

As it seem he didn't. The Neucoin wiki claims that he's working for them as some sort of strategic adviser. Actually because of his experience, hiring him make sense for an altcoin startup.

[Sentinelrv]

Sunny King (The creator of Peercoin and proof-of-stake) has looked at their whitepaper. He told us in a meeting that their paper is about 80% accurate. Also, whatever revolutionary changes they have supposedly made to the security model, Sunny has decided to work on a protocol update that should be out sometime soon...

https://www.peercointalk.org/index.php?topic=4074.msg38888#msg38888

So the only real difference that Neucoin will have is it's distribution model. Here is our community's response to them trying to give us coins, just for the record...

https://www.peercointalk.org/index.php?topic=4075.msg38897#msg38897