It’s public knowledge that I had a rough time pre-ordering Neucoins. It’s also public knowledge that they made it up to me, not only refunding the pittance I had chosen to invest, but opting to give me the Neucoins anyway. On Tuesday I received an e-mail that said:
At the time of launch, NeuCoin’s source code will be updated at github and all presale buyers will receive an email with instructions for taking delivery of their NeuCoins.
Having worked a lot with Bitcoin descendants in recent months, and recently implementing features into one, I decided to take a look at the code at that time. What I found was nothing too spectacular.
The two wallets I generally consider for aesthetic value as standards are Megacoin and Netcoin, both of which are extensively customized. I hold neither of those coins anymore, so I make this statement purely out of recognition of the work they’ve done.
That said, Neucoin’s desktop wallet does have one cool feature: a block chain counter, front and center, telling you where we are in the fast-paced proof-of-stake block.
As you can see, it overall leaves a lot to be desired. One would expect that having such a huge budget – which couldn’t be said for Megacoin or Netcoin – the aesthetics would have been core to the development strategy. But what they lack in prettiness, they will most likely make up for in price. They are being listed on Cryptsy as I write this, and I’d better go and monitor the progress of that.
Well Financed Team
At this point I am torn. I do have a PC that mines a certain proof-of-work currency still in its ninja phase (apparently) and stakes Potcoins, so I could easily add Neucoin to that computer and over time mint a few blocks and see where it goes. After all, of all the non-Bitcoin cryptocurrency efforts, they do seem to have the most organized team and longest list of financiers.
But at the same time, it wouldn’t be a shame to make a little money off the things, either. Never take my word for it, find out for yourself at Neucoin.org if it’s something you might be interested in. Just got another e-mail saying they’d launched GetNeucoin.org.
NeuCoin is a decentralized peer-to-peer cryptocurrency derived from Sunny King’s Peercoin, which itself was derived from Satoshi Nakamoto’s Bitcoin. As with Peercoin, proof-of-stake replaces proof-of-work as NeuCoin’s consensus mechanism, effectively replacing the operating costs of Bitcoin miners (electricity, computers) with the capital costs of holding the currency.
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