[IPO-ANN][NEON] :: Neon :: The Most Advanced Second Generation Currency

[Anon136]

If you are serious about this, I think you should put a cap on the maximum amount of BTC that someone can invest via the IPO. This would prevent an early stakeholder from gaining too large a share early on, which could cause a problem by leading to too much concentration early on. IMO, one of NXT's biggest weaknesses is the concentration of NXT within the accounts of the stakeholders.

Overall, I think your IPO is fairer than NXT's was, and I'm watching with interest what you guys are doing.

doesn't work. people can simply make dummy accounts.

[utopianfuture]

I highly doubt these guys as they claim all features have been working in the testnet. This is like 99 percent proof that he doesn't know what he is boasting about. I suppose all of you guys can do some drilling on technical side and they will fail miserably.
It will definitely be a scam when they refuse escrow tomorrow.

[2Kool4Skewl]

lol

It's not just "Advanced" it's "Most Advanced".  My mind is blown.

[Sharky444]

Looks very solid. A lot to show off. Sent 300 BTC. NOT.

[Come-from-Beyond]

The nodes will have all client features(see below) plus this features:
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...........
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-   Mixing service

Mixing service is the killer feature (it will kill all other coins including Bitcoin). Could u give a brief explanation of its algo, plz?

[BitThink]

can you be more specific about how this works

Every 1440 minutes the network will check how many nodes where online and supporting the network and reward 57600 NEONs proportional to the uptime of the nodes.

how does "the network" check this. the node that authors the block surely must make the decision about which nodes have been running and for how long those nodes have been running. what if that author lies? how does anyone know? how could any node possably know about ALL of the other nodes. how can everyone be expected to know about all of the nodes so they can know to reject the chain if the block author is lying?

I haven't seen this great question be answered yet. As a decentralized application, there's no central server to do the statistics. How the network check the online status of each nodes and how the nodes prove their uptime?

You may setup a central node to distribute the rewards, but how could this node know the exact uptime of each other client? Remember not all nodes connected to this central node, otherwise it becomes not decentralized at all. This is the most innovative part of this proposal and needs more verification since it's not applied in all existing coins.

[bliljerk101]

Donated… Signed "LilJerk" in the block chain, so you know it's me.

I hope I get a decent amount of Neons… When will I know how many I receive?

[k33k]

The nodes will have all client features(see below) plus this features:
...........
...........
...........
-   Mixing service

Mixing service is the killer feature (it will kill all other coins including Bitcoin). Could u give a brief explanation of its algo, plz?

Hasn't Stablecoin just implemented this? It also has an advantage in that it isn't complete vaporware.

[luckygenough56]

what is mixing service ?

[bliljerk101]

what is mixing service ?

lemonparty.org

[Come-from-Beyond]

Hasn't Stablecoin just implemented this? It also has an advantage in that it isn't complete vaporware.

I haven't heard about Stablecoin, gonna check it now. Thx for info.

[mudshark79]

Hasn't Stablecoin just implemented this? It also has an advantage in that it isn't complete vaporware.

I haven't heard about Stablecoin, gonna check it now. Thx for info.

Stablecoin - Supporters are waiting for this feature for months now (had to fight different problems, though), still not implemented yet and the longer it takes the greater the probability it will be implemented one day, right :-)?

[BitThink]

If they cannot prove they have found the way to know the uptime of each node in an decentralized way, their claim that it works in the testnet already is most likely a lie.

[bliljerk101]

If they cannot prove they have found the way to know the uptime of each node in an decentralized way, their claim that it works in the testnet already is most likely a lie.

Hope this isn't a scam. I could have bought a pretty nice bottle of champagne with the ~$1500 in BTC I just invested.

[wizzardTim]

Good, a fairer IPO than NXT.

Totally support this.

[pandaisftw]

If they cannot prove they have found the way to know the uptime of each node in an decentralized way, their claim that it works in the testnet already is most likely a lie.

Hope this isn't a scam. I could have bought a pretty nice bottle of champagne with the ~$1500 in BTC I just invested.

They claim that they have all of these features implemented in a 2-3 month period (by college students?) as well as having an android, iOS, windows, etc. clients already? From 3 people? Why do they even need funding if their project is complete? In addition, without a BTC limit, someone could end up with a very large stake, so this is a not a smart move (unless they are planning to scam). They should just split the coins between bounties (you know... to cover costs), running nodes and subsidized transactions, right? Why even have an IPO?

Honestly, it's not looking good at the moment, but we'll see what they have to say

[instacalm]

Good, a fairer IPO than NXT.

Totally support this.

Are all of these obvious IPO BTC scam threads yours or why do you support and push every single one of them?

Criminal?

[BitThink]

If they cannot prove they have found the way to know the uptime of each node in an decentralized way, their claim that it works in the testnet already is most likely a lie.

Hope this isn't a scam. I could have bought a pretty nice bottle of champagne with the ~$1500 in BTC I just invested.

They claim that they have all of these features implemented in a 2-3 month period (by college students?) as well as having an android, iOS, windows, etc. clients already? From 3 people? Why do they even need funding if their project is complete? In addition, without a BTC limit, someone could end up with a very large stake, so this is a not a smart move (unless they are planning to scam). They should just split the coins between bounties (you know... to cover costs), running nodes and subsidized transactions, right? Why even have an IPO?

Honestly, it's not looking good at the moment, but we'll see what they have to say

If I were them and there's really a working test client, I would publish the test client first at least to some beta testers. I believe I will collect much more fund with their testimonials. At least, I will post some screenshots to show how the client/node works to attract more investment. Then think about why I don't do things like this. Most likely because I can't.

Moreover, apparently this proposal exactly targets some complaints of Nxt. Nxt suffers from DDos because of the less of incentive of mining. The two methods in this proposal were actually proposed by other people in the Nxt thread. Actually, it was me who suggested sending nxt out from the unclaimed account every minute to increase the incentive of miners (they get the tx fee). Now think about which one has the higher possibility. 1) The got the idea 2-3 months ago before Nxt was announced. 2) The got the idea just couple of days ago by reading the Nxt thread.

[Passion_ltc]

Make escrow possible!


You said something with a centralized person. But YOU are centralized also! AND anonym! Well known members of this forum have something to lose.

[Nullu]

Make escrow possible!


You said something with a centralized person. But YOU are centralized also! AND anonym! Well known members of this forum have something to lose.

An honest IPO would have no problem with this.