A little bit math about this idea:
"To optimize for growth and adoption, a large share of the foundations’ endowment will be given to consumers in exchange for engaging with, trying out, and referring friends to NeuCoin. Another large block will be awarded to companies that help NeuCoin grow its user base and become more useful: game publishers and content providers that accept microtransactions with NeuCoin tokens, exchanges, wallets, consumer mining services, payment processors, remittance services, discounted group shopping services, marketing and distribution partners and other key services to NeuCoin users. Finally, some will be sold, with proceeds used by the foundations to increase the value of NeuCoin through consumer marketing, utility development, and core coin development."This is the total supply until now: 3,055,006,939
55 Mio new Coins in a few days (don't know when they did start staking, must be before they went public).
But, they say that the PoS-Rate is 100% per year and we calculate with 2.9 billion they hold. So they stake about 8 Mio new Coins every day.
2.9 billion/12 months = 241,666,666 / 30 =
8,055,555 every dayI calculate it with "just" 8 Mio per day.
By the way: What's 8 Mio at the current price (about 0.00004)? 320 BTC.
Let's say I would like to help Neucoin and be engaged... I ask them if I should make a translation of their Wiki (
http://www.neucoin.org/en/wiki/) in my language and that I'll need 20 hours for it. They agree to give me $20 per hour in Neucoin.
At the current price that would be 0.084 BTC = 2,100 Neucoin
20 hours: 42,016 Neucoin
Now they distributed 42,016 Neucoin of the 8 Mio they stake in just one day.
They still have 7,957,983 to distribute. (will they tip them all?)
How many highly supportive guys would they need every day?
8,000,000 / 42,016 =
190 highly supportive user every day(!) to get away what they stake every day(!)
But sure, there are also companies... everybody who'll implement Neucoin will get Neucoin. Let's say a Game-Dev implements it in his Game. And let's say they would give him $40,000 in Neucoin for that. That would be 168 BTC = 4,200,000 Neucoin
Still 3,800,000 Neucoin they have to distribute... "today".
If there is one Game-Dev everyday and they give him $40k in Neucoin for implementing Neucoin, it's still not enough to distribute just what they stake in one day! And what do they work what is worth to stake 8 Mio Neucoin everyday which is (not really) worth 320 BTC (at 0.00004)?
10 days: 3200 BTC... do they work that much? But sure, it's non-profit. They will just hold it and stake it and wait for all the new supporter everyday who will work 20 hours and the Game-Dev - e v e r y d a y !!!
And, another fun fact: If the game-Dev (of just one day) would dump his 4.2 Mio Neucoin, because he needs money. What price would that be? He would crash the price to 500 sat or something like that and never would get his 168 BTC. That's just one reason why he never would accept Neucoin for his work.
So... they would have to pay him in BTC, right? But what will they do with all the staked Neucoins they have to distribute? And do they have that much BTC and are willing to pay all the Game-Devs they need to bring this to mainstream?
But yeah, I forgot... China will accept it as official currency and the three-non-profit-foundations will be Chinas 100%-inflation-central-bank.
This project is so entertaining!
