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Author Topic: | NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10  (Read 200696 times)
Cimmy_revenger
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September 05, 2017, 04:28:01 AM
 #1021

Almost altcoin crash down , including $NEO , statement from government China make panic everybody have asset cryptocurrency.
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
Do you remember about statement China about Bitcoin 3 years ago ?
http://www.telegraph.co.uk/finance/currency/10815496/china-bitcoin.html
And now we can seeing , China have power for world cryptocurrency.


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Ashara
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September 05, 2017, 09:51:09 AM
 #1022

Translated message from NEO (translation could be better, the official English version will come out later):



All this shows once again, that NEO can comply better with all regulations globally than all other public blockchains / cryptocurrencies.

The following video is also an interesting perspective on the Chinese regulations (from 3:28 to 7:15):

https://youtu.be/eJnRc6kypko?t=208
nobytes
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September 05, 2017, 10:02:35 AM
 #1023

Looks like a good time to jump in. I wonder where that bottom will be?

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September 05, 2017, 10:03:32 AM
 #1024

It's very good for NEO to react at fast manner to calm down everybody. I hope it will rise with new strength in a few months after China government make crutial decision about ICO regulation. Good luck!
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September 05, 2017, 10:25:28 AM
 #1025

On this day NEO (NEO) price goes up again, menjadi sebesar 0.00533473 BTC after declining on Monday yesterday, whereas almost all altcoin decrease in bulk, but NEO (NEO) is able to remain stable and continue to increase again so now NEO (NEO) is an alternative choice besides bitcoin

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Ashara
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September 05, 2017, 10:45:23 AM
 #1026

The individual in the following video states that NEO is backed by the largest Chinese conglomerate to fight Ethereum. All in all a pretty good video (4 minutes):

https://www.youtube.com/watch?v=pO7dSTEUeBw
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September 05, 2017, 10:45:31 AM
 #1027

The only good thing governments and financial institutions see in bitcoin or any of the actually useful altcoins is the technology behind them.  The potential cost savings, and how it can be used to monitor and control even more than now.  Anyone expecting Neo to fail because it doesn't fit in their new world order of 'crypto freedom' is naive at best.  I'm not invested in Neo any more than anything I make money from.  I just think a compliance oriented platform like Neo is actually more likely to succeed because it isn't trying to change the narrative nearly as much.  At least until this whole crypto thing rises to whatever threshold governments and financial institutions have set before they deem it necessary to properly get in the ring.

It's also not possible to completely crush the freedom - and with the right coin, anonymity - of crypto, which pleases me  It will just never be the norm.  Most people aren't particularly sharp, or brave.  They need shepherds.  They want someone looking over their money whether they say/realize it or not.  They want the peace of mind of knowing they can contact someone for a refund, be protected from a scam, or get their money back if they accidentally send to the wrong bank account.  The way it is now, one wrong number or letter in a bitcoin address and in most cases bye bye money.  That scares people, so they don't even entertain the idea.  I don't really blame them.  

Regardless, isn't there's room enough for both worlds to exist?  I'm not sure I understand why one or the other must fail.  We do like to take a side.

Final thought - I am also a stupid human who thinks, does and says wrong things.  I wish for most of the above to be completely wrong Smiley
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September 05, 2017, 10:49:41 AM
 #1028

On this day NEO (NEO) price goes up again, menjadi sebesar 0.00533473 BTC after declining on Monday yesterday, whereas almost all altcoin decrease in bulk, but NEO (NEO) is able to remain stable and continue to increase again so now NEO (NEO) is an alternative choice besides bitcoin
Or it is just a last breath before fall down

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September 05, 2017, 11:04:45 AM
 #1029

I finished reading above translated post which is in fact an update on the current situation. I will better be waiting for official English version because it is not very clear or may be I don't understand it well. There seems something missing but hopefully that will be released immediately in shortest possible time.

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Thedrop82
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September 05, 2017, 11:26:23 AM
 #1030

Red pulse postponed. Was looking forward to it.
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September 05, 2017, 11:33:54 AM
 #1031

They also raised money back in 2014 using clearly ICO for Antshare. I don't know how they will not have any impact of People's bank of China. I am also double minded now and have sold out large portion of my NEO tokens already. I have kept some portion in case things looks good and can be fixed somehow to not regret later. I have secured my investment to be honest.

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September 05, 2017, 12:49:53 PM
 #1032

My only regret with NEO is that atm i dont have more money to buy more NEO!
I bought it at 8$ and i added at 15$, at 20$ and at 36$. Now the price is so good that is just a steal. I'll continue to add NEO's untill i can.
After everything get regulated(AS IT SHOULD BE) it will skyrocket in value.
Scammy ICO's will ruin the confidence in investors and nobody needs that.

The tech behind NEO it is simply outstanding and this thing will dominate the blockchain world.
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September 05, 2017, 01:46:45 PM
 #1033


The tech behind NEO it is simply outstanding and this thing will dominate the blockchain world.
Could you be more specific?
What makes it better than competitors?

CHANGE — First Decentralised Global Crypto Bank | ICO | DISCUSSION
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September 05, 2017, 01:47:41 PM
 #1034

Can you stake $NEO if you have less than a fullnode worth? If so, whats the Payout?

Ashara
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September 05, 2017, 02:17:37 PM
 #1035

The official NEO Council update: https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

---------------------------------------------------------------------------------------------

Can you stake $NEO if you have less than a fullnode worth? If so, whats the Payout?

You can generate GAS by merely holding NEO in your own wallet or by holding it at Binance (once a month in the latter case). The current payout of GAS can be viewed at (this is subject to various factors, many of which are also outlined in the whitepaper): https://neotogas.com/

Holding a node can later on generate some additional fees to compensate running costs, but at the moment all is free and there are no transaction costs on the network.
Alphi
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September 05, 2017, 02:26:57 PM
 #1036

They also raised money back in 2014 using clearly ICO for Antshare. I don't know how they will not have any impact of People's bank of China. I am also double minded now and have sold out large portion of my NEO tokens already. I have kept some portion in case things looks good and can be fixed somehow to not regret later. I have secured my investment to be honest.

The most immediate threat to NEO and other ICO tokens is delisting from Chinese exchanges, if this happens then it will significantly reduce the trade volume.

This is apparently a direct translation from the Announcement by the Chinese authorities

Quote
Starting from the date of this announcement, any so-called token exchange platform shall not:
  • Be involved in offering exchange services between fiat currency and tokens
  • Buy or sell tokens for cryptocurrencies, or act as a central party facilitating the trading of tokens for cryptocurrencies
  • Provide price bidding or middleman service for the exchange of tokens for cryptocurrency.


For any token exchange platform that violates the law or regulation, financial authorities will request:
  • The telecommunication department to shut down its website and mobile application.
  • The Cyberspace Administration of China to delist its mobile application from app stores.
  • The State Administration for Industry and Commerce to discard its business license.

Source https://www.coindesk.com/chinas-ico-ban-a-full-translation-of-regulator-remarks/

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IvanChan
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September 05, 2017, 02:58:59 PM
 #1037


The tech behind NEO it is simply outstanding and this thing will dominate the blockchain world.
Could you be more specific?
What makes it better than competitors?


hi yugu... i've read a lot of your posts in different threads over time. I'm a lurker but I tend to read sensible people and we have ended up investing in a few of the same coins. until today I have never noticed the red trust!? what happened bud? I think I'm going mad but you didn't have that a short time ago
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September 05, 2017, 04:02:59 PM
 #1038

They also raised money back in 2014 using clearly ICO for Antshare. I don't know how they will not have any impact of People's bank of China. I am also double minded now and have sold out large portion of my NEO tokens already. I have kept some portion in case things looks good and can be fixed somehow to not regret later. I have secured my investment to be honest.

The most immediate threat to NEO and other ICO tokens is delisting from Chinese exchanges, if this happens then it will significantly reduce the trade volume.

This is apparently a direct translation from the Announcement by the Chinese authorities

Quote
Starting from the date of this announcement, any so-called token exchange platform shall not:
  • Be involved in offering exchange services between fiat currency and tokens
  • Buy or sell tokens for cryptocurrencies, or act as a central party facilitating the trading of tokens for cryptocurrencies
  • Provide price bidding or middleman service for the exchange of tokens for cryptocurrency.


For any token exchange platform that violates the law or regulation, financial authorities will request:
  • The telecommunication department to shut down its website and mobile application.
  • The Cyberspace Administration of China to delist its mobile application from app stores.
  • The State Administration for Industry and Commerce to discard its business license.

Source https://www.coindesk.com/chinas-ico-ban-a-full-translation-of-regulator-remarks/


Translations are not necessarily fact as much of the meaning can go lost as has been seen often enough. The token exchanges referred to are from what I have seen actually specifically ICO platforms on which ICO tokens can be sold and you left out the title header which affirms what I have stated: "Reinforce the supervision on platforms that provide exchange services for tokens issued during the fund raising". Why do you think Binance is still functioning and the official NEO Council statement mentioned nothing of that sort? It is because NEO is not going to be delisted anywhere. Binance only lists cryptocurrencies with a working product and userbase, so it has circumvented the worst of problems too. The Chinese ICO regulations are intended to stop scams. No company is better in terms of compliance than NEO. As stated NEO is the world's first ICO that offered to return money if any investors are unhappy and they still offer this policy at the moment. The thing is that no investor is going to ask their money back as they would get $0.25 per NEO or less instead of the current market price around $22. The regulations were intended to stop many upcoming ICOs in particular as many of the new ones in particular saw it as quick cash grabs and thus the regulation is intended to stop all future scams and provide the ability to go after all existing scams.

If anyone has Hshare on the other hand, then I think all concerns you raise are extremely valid.

------------------------------------------------------------------------------------

NEO developer community (COZ) Weekly Report #9 - 2017.09.03:

https://steemit.com/neo/@canesin/neo-developer-community-coz-weekly-report-9-2017-09-03
mikoko13001
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September 05, 2017, 06:30:01 PM
 #1039

Considering to throw in 20K$ on these neo only if its goes under $15.5 or maybe $12 USD (if price goes under this, it's not a good sign) and only if there is no specific bad announcement  . Otherwise its not worth the risk .Because right now it's what we call a Risky investment , there is a big uncertainity with the future of all chinese tokens !!

Wait and See ...
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September 05, 2017, 06:31:56 PM
 #1040

The official NEO Council update: https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

---------------------------------------------------------------------------------------------

Can you stake $NEO if you have less than a fullnode worth? If so, whats the Payout?

You can generate GAS by merely holding NEO in your own wallet or by holding it at Binance (once a month in the latter case). The current payout of GAS can be viewed at (this is subject to various factors, many of which are also outlined in the whitepaper): https://neotogas.com/

Holding a node can later on generate some additional fees to compensate running costs, but at the moment all is free and there are no transaction costs on the network.


Thanks for the info, will checkout the whitepaper

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