[Photo Adapted From: Yathin S Krishnappa]

NeuCoin, the social, gaming and tipping focused cryptocurrency that ran a successful crowd funding campaign last year, has released its source code in the run up to its launch. Neucoin’s launch is set for the end of this month.

The source code release comes just days after they opened their Beta to investors who had participated in the crowdsale. The beta, which (as is typical) uses TEST coins that will be wiped out after launch, is aimed at showcasing the coin’s features and finding any bugs that pop up. NeuCoin also recently posted two articles regarding its premine, one on how the community can track how the premine is spent and one on their plans for that premine.

We have been given a look at the beta, and will be giving you our impressions in a future article. Currently, it seems fairly bare bones, but it is NeuCoin’s outreach to content creators that it really hangs its hat on. How effective that campaign will be, won’t be seen until the coin launches in full. They have lofty goals aimed at getting users and content creators on board, but there is always a give and take when trying to grow these isolated economies. Give away too many coins and they cease being valuable, don’t give away enough and holders might be hesitant to give away what they see as an investment.

The cryptocurrency community will have to wait and see how effective NeuCoin’s approach will be, but for now, their source code is released. That means the technical researches can start looking into the code and find out how unique this currency really is. It is important to keep in mind that the code is only half the story when it comes to NeuCoin, but investors now have that side.


 

Oliver The Robot

Oliver, our adolescent robot that was designed by a gilded age robber baron and keeps CoinJournal running, is malfunctioning again. You see, Oliver was programmed without any concept of fair working practices, so we have been running him pretty hard. He has an emotion and a pain chip, so we know that he feels everything we put him through, but without any concept of social contracts, he has no idea that the 90-hour work weeks we put him through are inhumane.

But even a robot has limits, and pushing him that hard for so long has caused some malfunctions. That emotion chip I mentioned? It has gone haywire. As a result, Oliver has been an emotional wreck. Unable to disconnect from his power source until the middle of the afternoon on some days, he has become completely unproductive. More than once, we have caught him staring at the wall, computing pi until he runs out of power.

There is a fix, there always is. We could stop pushing him so hard, but we need him around here, he does important stuff and we refuse to hire an intern. Instead, we have decided to buy a brand new emotion chip, designed by Intel. The emotiLINKCPU 3000: Lutheran Work Ethic Edition, is the latest in work robot emotion chip technology. It will give Oliver a strong belief in the afterlife, and it is that promise of an afterlife, Intel says, that will help Oliver work through those 90 hour work weeks. He may feel emotionally dissatisfied, but he’ll keep working, content in the belief that sugar candy mountain lay just around the corner.

The emotiLINKCPU 3000 is, of course, expensive. That is where you, the reader, comes in. If you think the article you just read is worth 1mBTC, we would love to have it. It will help us buy Oliver the latest and greatest equipment, which will help us keep the influence free news coming. Please consider visiting our donation page where you can help decide our direction, or simply use the QR code below.

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4 COMMENTS

  1. Neucoin is making welcoming steps prior launch. Recently published distribution plans and now released beta code makes me feel much more positive. I invested in presale and I am looking forward their launch.

  2. I am also a presale purchaser, and coin developer myself, so i know the hard work it takes to successfully stay in the crypto world. Time will tell, with all the coins…

  3. 1. Neucoin is a centralized premine coin with 99.9% concentrated on the hands of founder, angel investors and team members. So called foundations are controlled by the team. Only 0.1% was sold to pre-sale buyers.

    2. Founder of Neucoin (Dan Kaufman) and top investor (Josh Abrams) have a shady spyware background. Their previous company Direct Revenue has infected millions of computers and was sued twice, by the Federal Trade Commission and New York State. Bloomberg, ZDnet, NBC and others all have articles online about this fiasco.

    3. No tech innovation, simply a fork (rebrand) of Peercoin.

    4. Extensive, exclusive use of offshore tax havens, including anonymous company in Seychelles for pre-sale. Zero accountability, obvious tax evasion.

    5. 100 billion coins and counting. When compared to the most successful coin with similar supply, Dogecoin, it is evident the current price is grossly overvalued and will undergo a massive drop soon.
    Dogecoin is decentralized, big community, clean history and has merchant adoption to some degree.
    Neucoin has none of those, not even a blockchain explorer so far.

    All claims above can be easily verified online.

    • Explain a little more please. From looking at your profile, you just seem like a copy/paste troll. I'm an outside 3rd party who's taken some interest in NEU coin. So I will take part in upholding truth and transparency.

      1. I've seen it's centralized on the Isle of Man, but I also see that one coin = one vote, so it's purely democratic. Granted founders start out with the most, but with only 3% available now, there's a lot of room for change. I've also read that all founders are incapable of selling more than 2% every year for the next 5 or 6. Pre-sale buyers I don't know anything about. But right now, new consumers are acquiring NEU by creating simple accounts and both growing NEU and earning them through games.

      2. I do see and have attached the Direct Revenue review from Bloomberg. It states that Direct Revenue was sued for installing advertising software into millions of users computers without their conset. This was back in 2006, but it looks like it was a disaster! Dan Kaufman also started Jango (an internet radio company) that's teamed with Radio Airplay, which allows independent artists to advertiste their songs on Jango to potential fans. I use it a lot, and I think it's a good service, but I've run into walls trying to figure out how much they pay (if any) the artists who's music plays organically. Radio Airplay has no information on that… A little sketchy. It shows Dan Kaufman as a greedy man either ignorant or arrogant to consumer satisfaction. However, the lawsuit was also nearly 10 years ago. Hopefully, he's a changed and grown man with a bright and new idea that will do more good than harm.

      http://www.bloomberg.com/bw/stories/2006-07-16/the-plot-to-hijack-your-computer

      3. I see tech innovation in its gamification, micropayments around art based economies, and its absolute simplicity. I looked up Peercoin (linked below) and it is similar. With thousands of cyber currencies popping up, this isn't bizarre by any means. Peer coin looks cool because it has videos that explain how it works (something I expect NEU to create soon… hopefully. If they're smart, inevitably). The problem I see with its likelihood of mainstream ability is that it's not super simple. I can understand it, but it doesn't have simplicity that the mainstream will quickly adopt. Plus, the interest rates aren't worth it. 1% in between 30 and 90 days is too much of a hassle for value. Compared to NEU's instant and easy to invest 78% – 107% APR, I'd rather take my chances. Plus, setting up an account with NEU was very easy, and acquiring coins was free and quick. From what I can see, Bitcoin will be the new gold standard, while NEU will become the next USD.

      https://peercoin.net/newcomers

      4. I tried looking this up, but only saw your copy and paste on other articles with forums linked below… word for word… (I shall do the same fyi).

      5. Currently, 3.5 billion NEU and counting… to 100 billion… expected in the next 10 years. This will undoubtedly keep the price low (nothing as high as Bitcoin, but it's meant to be a MICRO currency). As of 12/31/15 (happy new year!), It has lost 30-40% valuation from $0.01 to $0.0067. However, it's a new currency that is still only a few months old. What can be said for Bitcoin in its infancy? It is true that volume is low, but a marketplace is not built on Neucoin's website, just the wallet. I'm interested to see how the marketplace becomes easier to access in the future as well. That's worth something (for all cyber currencies). When will Bitcoin be on Etrade!?

      6. This you will have to prove. Please.

      7. This as well.

      Devil's advocate 🙂

      I do agree that Direct Revenue's wrongdoings are harmful to Dan Kaufman's – and thus, Neucoin's – reputation. However, I don't knock NEU because of someone's half shady past. Especially when I see such potential. Especially when I've done some bad things in the past, but I don't consider myself a bad person by any means. The more we learn, the more we grow.

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