No, it is actually a good thing. They are merely regulating ICOs. Those who attempt to defraud people with ICOs in China can be imprisoned for life. Compare that to how many actually went to prison in the West for all the fraud easily reaching into the trillions of dollars.....you can count those on a single hand.
Once China has properly set this up, you can almost be 100% that every ICO launched in China is legitimate. That should give investors renewed confidence that China's ICOs are legitimate and worthy of investment.
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Neo is crap, the devs hold way to much coins "half".
They generate Gas and make Money, then they sell the Neo and make Money again... Price Drops.... end of the Story not a real eth competitor.
And not backed by chinese..... qtum is more fav in China.......all the speculations about the chinese gov has something to do with Neo , is pure fake, gov just wants to regulate ICOs...... thats it.
There rebrand was just way to overhyped.... and all they did is new Website, and Name....... okey neo was rly nice move..... and this Matrix Hype Slogans did there Job too.
Longterm Lisk and Qtum wipe Neo.
The only crook here is you. You are a liar at best. QTUM is not even Chinese...QTUM originates from Singapore and therefore will NEVER have the same level of support in China. OnChain has excellent relations with the government and the OnChain leadership is the same as the NEO leadership.
NEO does not focus on marketing unlike QTUM......NEO focuses on its technology and on the development of the NEO ecosystem (the network of developers and other supporters). NEO has by far the most ambitious infrastructure plans of all blockchain platforms. QTUM already has a founder who was associated with the BitBay scam and then changed his name. Those with true credibility do not need to change their name. NEO does everything that Lisk might want to do in their most ambitious dreams.
They hold 50% of Neo, so they make 50% of all gas, so they can form the gas Price like they want, thats dangerous.... and why do u think didnt they sell the first 10m Neo....
They will hodl it for gas.... they wrote we sell 10m every year(antshares 2015) but we may not do it etc.
Neo is just Ethereum with proof of stake, but etherum is in front and backed by much more peopels, and they have a infight with qtum in China...
I know it looks cool ...." i make Money with my neo on the wallet", ye and thats how they got ya..... but that doesnt make the Chance of succes for Neo better.
Sure it will go up again but there are other Projects that will up much more and have better tech behind it.
Btw i hodl some Neo too, but other Projects are far better. Shortterm its just dangerous when they hold 50% of Neo which produces GAS, thats all i wanted to say xD( will they drop gas or maybe 10m Neo now or 20m Neo next year? or just Gas all the years omfg dangerous)
More outright lies from you. The NEO Council does not own 50% of all NEO. The 50% of all NEO will be allocated to expand NEO and thereby add value for ALL NEO holders. The core developers and other developers likely can only get 10% of the NEO over the entire timespan of that this blockchain will remain in existence. All this has been well documented and I have stated this in various other posts. The problem is yours alone if you are incapable of reading.
NEO has various things that Ethereum does not have. It has vastly superior transaction speed and no excessive energy waste, support for multiple programming languages to reach 99% of all developers, a digital identity optimal for business usage, a decentralised Byzantine Fault Tolerance consensus mechanism that ensures that NEO does not fork and it might be better positioned for quantum resistance too. NEO also has patents for cross-chain integration. NEO will be integrated with other public and private blockchains. As a matter of fact the largest Chinese conglomerate called Fosun already invested in OnChain and in talks with the equivalent of the Chinese Depository Trust and Clearing Company which handles all security transactions in China whilst they also were in talks recently with Nomura Holdings which is one of the largest financial Japanese firms. NEO and OnChain are the public and private sides of the blockchains respectively and both will work together. All these massive parties have full faith in NEO and OnChain. They could care less that a short sighted individual who spread lies such as yourself has a different opinion.
