| NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10

[hrbt]

Wtf. I excpected to fall to 0.07 and had set up my orders but it bounced back. Crazy day. Got arround 150 NEO today, hoped for 1.5k but what can I say..

General question - Why are prices always equated to bitcoin? I.E 0.07 yesterday isn't the same as 0.07 today because bitcoin has gone up around 5% . I always find it easier working with $ .. I know I paid $15 and now it's $35, especially with something that isn't backed by btc.

Im always curious about this as well. I think people may be used to comparing to the BTC price, although I agree its super confusing, especially for this project.

NEO = updated china ETH

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[ConvertThisFile]

Wtf. I excpected to fall to 0.07 and had set up my orders but it bounced back. Crazy day. Got arround 150 NEO today, hoped for 1.5k but what can I say..

General question - Why are prices always equated to bitcoin? I.E 0.07 yesterday isn't the same as 0.07 today because bitcoin has gone up around 5% . I always find it easier working with $ .. I know I paid $15 and now it's $35, especially with something that isn't backed by btc.

Im always curious about this as well. I think people may be used to comparing to the BTC price, although I agree its super confusing, especially for this project.

NEO = updated china ETH

So it is backed by BTC?

[EleanorZ]

Not divisable??!!!?!
I bought before this spike only to look into it after the spike.
Once i saw not devise-able , i decided to dump it all....

WHY is it not devise-able? who came up with this nonsense?!
What is the reason for this?

Because NEO are shares in the project, and shares aren't divisible (GAS are divisible). Have you never bought a share in a company in real life? You are seriously limiting your investment options if you are prejudiced against non-divisible assets.

I completely understand that theory, however when it says to only send WHOLE numbers to your Neo wallet on Bittrex, it confusing because it doesn't tell you to include gas. So sending 100 NEO's will only deliver 99.9 because at the end its 99.9 (Including gas) and they take away that .9. I lost a Neo because of it, thank god it was test

It has nothing to do with GAS...Bittrex charges a 0.1 NEO fee for withdrawal. They charge a fee for withdrawals of every asset, so nothing unique there. GAS is a separate asset and is not involved in NEO transactions on Bittrex or any other exchange. If you want to transfer 100 NEO, transfer 100.1 and you will end up with 100. Same thing with anything else; e.g., if you want to transfer 100 Ark, transfer 100.1 so that you will have 100 after the 0.1 Ark fee is deducted. Personally I do that with all transfers regardless since I don't like weird fractions in my wallets Edit: Bittrex pops up a warning window that specifically tells you that NEO is not divisible and you need to take this into account when transferring. Not sure about other exchanges.

Sidebar: if you want to hold NEO in an exchange and still earn GAS, use Binance. Otherwise, transfer to your own wallet.

[EleanorZ]

Wtf. I excpected to fall to 0.07 and had set up my orders but it bounced back. Crazy day. Got arround 150 NEO today, hoped for 1.5k but what can I say..

General question - Why are prices always equated to bitcoin? I.E 0.07 yesterday isn't the same as 0.07 today because bitcoin has gone up around 5% . I always find it easier working with $ .. I know I paid $15 and now it's $35, especially with something that isn't backed by btc.

Im always curious about this as well. I think people may be used to comparing to the BTC price, although I agree its super confusing, especially for this project.

NEO = updated china ETH

Not quite. Forgetting about whether NEO's tech is 'better' or 'updated' or anything else (that's a separate argument), NEO's purpose is different from ETH's. NEO is essentially a share in a network, and its purpose is to generate 'dividends' in the form of GAS. GAS is what you need to use the blockchain, so really GAS is the closer analogue to ETH. Ultimately you'll need GAS to run a node, and you need NEO to make GAS.

[ddonics]

I Like ARK and of course, LTC. ARK has a great community of developers and a very strong core. 

[VampiricElder]

Do you produce Gas at a faster rate the longer you leave Neo in your wallet or does the rate stay the same?

[xenomorphe1]

Hello,
Today, i tried to make a transaction to get GAS in NEO wallet.
But the transaction is still not confirmed since 6 hours. Is it normal?
And i can't do anything just wait...
The wallet is synchronized.
Someone know what's the problem? Too many transactions in the blockchain?
Thanks.

[EleanorZ]

Do you produce Gas at a faster rate the longer you leave Neo in your wallet or does the rate stay the same?

The rate declines over time.

From the whitepaper (https://github.com/neo-project/neo/wiki/Whitepaper-1.1):

AntCoins are generated with every new block. The initial amount of ANC is zero while it will grow to 100 million after 22 years. The generation gap of every other block is 15 seconds, so it takes 1 year for 2 million blocks to generate.

In the first year (Block No. 0-No. 2,000,000), 8 ANC will be generated by every new block. In the second year (Block No. 2,000,000-No. 4,000,000), 7 ANC will be generated by every new block. With this pace of decrease (-1 ANC per year), in the 8th year, only 1 ANC will be generated by every new block. This 1-block-1-ANC pace will continue since then, till the 44,000,000th block in the 22nd year, fulfilling the 100 million total sum of ANC. ANC shall cease to be generated after that.

With this pace, 16% of the ANC will be created in the 1st year, 52% through the 4th year while 80% through the 12th year.

ANC will be written into the corresponding ANS addresses proportionally. ANS holders could claim these ANC to their ANS address anytime they wish to. For example, a shareholder who has 1% of all the ANS could acquire 8*0.01=0.08 ANC in every block of the 1st year, meaning 460.8 ANC everyday.

Edit: Forgot to mention, at some point there will be 'extra service charges' paid to (some? all?) NEO holders in GAS. Not sure when this will happen or how it will affect the overall math outlined above. Again from the whitepaper:

Extra Service Charge is the fee paid by AntCoins for advanced functionalities of the Antshares Blockchain. For the time being, extra service charge is required for Asset Creation and Registration for Bookkeeper Nominees. In the future, Altering, Writing-off and Freezing of Assets may require extra service charge.

Extra service charge will be written into the corresponding addresses of the Antshares proportionally in real-time. Antshares holders may claim the AntCoins registered in their names anytime they wish to.

[muleroaa]

Not sure if it has been posted here, but the NEO team was invited to Japan by Nomura Securities, Japan's biggest investment bank and brokerage firm. It's seen as the Goldman Sachs of Japan. This was the main purpose of their trip.

Next to this they also had meetings with KDDI, the second biggest telecom company in Japan, they have shown interest in NEO's technology.

They have had some legal meetings as well and finally they have had talks with 2 of the top 3 exchanges of Japan.

Good things are happening!

[Rogerdale]

Not sure if it has been posted here, but the NEO team was invited to Japan by Nomura Securities, Japan's biggest investment bank and brokerage firm. It's seen as the Goldman Sachs of Japan. This was the main purpose of their trip.

Next to this they also had meetings with KDDI, the second biggest telecom company in Japan, they have shown interest in NEO's technology.

They have had some legal meetings as well and finally they have had talks with 2 of the top 3 exchanges of Japan.

Good things are happening!

Well... But Japanese banks are using NEM (and they are using Mijin technology, not public blockchain), why they might need NEO (which is not even fully functioning yet)? Yes, they may have been invited, but it doesn't mean anything.

[nitrust]

I bought at 35 then it dipped and then when it got back to 35 I sold then it went to 40 and I bought again. fomo got me

[Call_Me_Bambi]

I bought at 35 then it dipped and then when it got back to 35 I sold then it went to 40 and I bought again. fomo got me

I feel your pain brother, luckily I'm on the ground floor

[Cryptotrader1]

I bought at 35 then it dipped and then when it got back to 35 I sold then it went to 40 and I bought again. fomo got me

This right here is why certain people shouldnt be trading. Do your research!!! If you bought at $35 that is a great price for a $500 coin! Yes, I said $500. Look at the marketcap on Ether, now apply the cap of Ether today to Neo....you get somewhere close to $500-600 NEO. Neo is backed by the Chinese government, it accepts all coding structures and has an amazing team behind it. Crypto will be adopted by ASIA way before Europe or the US...if you dont know that, look at the cell phone market. Asian phones were always light years ahead of the US and Europe. Now apply the same concept to NEO....extrapolate and see where you end up. HOLD your coins for 1 year and you will be way more wealthy than all the BS trading you are doing now. #truth

[kissmarx]

Wow! NEO at #8 in coinmarketcap. Go on climbing up more 
Hahaha I am excited yes!

[cryptic6]

Wow! NEO at #8 in coinmarketcap. Go on climbing up more 
Hahaha I am excited yes!

And #3 in Volume. Half the volume of ether!

[VampiricElder]

I bought at 35 then it dipped and then when it got back to 35 I sold then it went to 40 and I bought again. fomo got me

This right here is why certain people shouldnt be trading. Do your research!!! If you bought at $35 that is a great price for a $500 coin! Yes, I said $500. Look at the marketcap on Ether, now apply the cap of Ether today to Neo....you get somewhere close to $500-600 NEO. Neo is backed by the Chinese government, it accepts all coding structures and has an amazing team behind it. Crypto will be adopted by ASIA way before Europe or the US...if you dont know that, look at the cell phone market. Asian phones were always light years ahead of the US and Europe. Now apply the same concept to NEO....extrapolate and see where you end up. HOLD your coins for 1 year and you will be way more wealthy than all the BS trading you are doing now. #truth

The last few days i was calculating trends and i also came up with $500-$650 per Neo in the near future

[burner2015]

I bought at 35 then it dipped and then when it got back to 35 I sold then it went to 40 and I bought again. fomo got me

This right here is why certain people shouldnt be trading. Do your research!!! If you bought at $35 that is a great price for a $500 coin! Yes, I said $500. Look at the marketcap on Ether, now apply the cap of Ether today to Neo....you get somewhere close to $500-600 NEO. Neo is backed by the Chinese government, it accepts all coding structures and has an amazing team behind it. Crypto will be adopted by ASIA way before Europe or the US...if you dont know that, look at the cell phone market. Asian phones were always light years ahead of the US and Europe. Now apply the same concept to NEO....extrapolate and see where you end up. HOLD your coins for 1 year and you will be way more wealthy than all the BS trading you are doing now. #truth

The last few days i was calculating trends and i also came up with $500-$650 per Neo in the near future

Yes end of 2018 that is also realistic. It depends a bit how NEO Development goes forward. I feel Ethereum is strong, but NEO could be faster and more innovativ.

[VampiricElder]

CAN SOMEONE HERE PLEASE ADDRESS THE FACT THAT THE NEO MOBILE WALLET AS WELL AS THE neowallet.cn/ WEB WALLETT ARE NOT LETTING YOU WITHDRAW YOUR NEO!!! CAN SOMEONE HERE IN THE KNOW PLEASE FIX THIS! ALL OF THESE PEOPLE HAVE NEO THAT IS LOCKED AND CAN NOT BE TRADED. THIS IS NEO NEW WALLET RELEASE AND ITS COSTING PEOPLE TONS OF MONEY! TYVM

I dont know what you are talking about, i withdrew some Neo yesterday to buy OMG and i had no problem. Perhaps check your firewalls and any virus scanners you have on. Works fine for me.

[VampiricElder]

Neo article

https://www.forbes.com/sites/nikolaikuznetsov/2017/08/10/neo-co-founder-banks-on-blockchain-to-build-a-smart-economy/#5e8899d1d267

[nomad13666]

Wow! NEO at #8 in coinmarketcap. Go on climbing up more 
Hahaha I am excited yes!

Methinks NEO will be nipping at ETH's heels in the next few months   

HODL!