I hold a half of my bucks in NEO, but I get a dodgy feeling about this. When I invested I was allured by: - plenty of programming languages support - unreal TPS perspectives - great legal compliance opportunities and state partnerships as the consequence (with China in the first turn)
But now I see some serious downsides: - centralization. Devs are in control of all nodes. Yes, they are going to delegate the control to trustful entities, but it's just a plan and no one knows how they would surrender their power (or whether they would at all). Another concern is that the blockchain protocol does not work with anonymous nodes, the nodes need to know each other as well the devs will know who are the nodes’ owners IRL. It means that NEO will be vulnerable to pressure and state censorship. - the current cost of a smart contract deployment is 500 gas or 20-30k$. It greatly hinders the community development. As far as I concerned, less that 100 contracts are now running on NEO and I don't see devs going to do something about that in a short perspective.
Now NEO does not look like a true cryptocurrency for me, but rather a decentralized data base susceptible to pressure and censorship.
What do you think about that? Does NEO worth a half of blockfolio?
Well, regarding the current cost of smart contract deployment - 10,000 MCT would greatly reduce the cost of deploying a smart contract. Also, if the project is decent it will be funded by the NEO council itself.
Regarding decentralization, I am not really sure that this WILL happen at all. We're all well aware that China wants to be in control of things, just for that sole purpose I don't see NEO going down the decentralization path.
If half of your folio is NEO then it is logical to ask yourself how much NEO actually is half and if the dividends you're getting atm are actually worth. I am bagholding 20 NEO and I will sell when I break even on my average buy price.
Xavier Sanchez
Chink shitcoin. Bought at antshares 7 bucks. Once held close to a thousand. Sold every last one of them including the accumulated gas.
Think longterm. Is this platform going to survive,? I think not. Only thing that can save this is the chinese state, but i even doubt that.
Disclosure:
22k ark bagholder.
Joshua Baker
NKN.
Luis Perry
it costs me 1$ to deploy a smart contract on eth, and 0$ to deploy a test contract.
Probably because investors in this industry are retarded and are willing to throw money at vague promises and broken code. I sold this shit at 70 and I felt dumped on kek.
Leo Thompson
>Probably because investors in this industry are retarded and are willing to throw money at vague promises and broken code.
>great legal compliance opportunities and state partnerships as the consequence (with China in the first turn) This is its only potential - government adoption.
>Yes, they are going to delegate the control to trustful entities No they're not. They're just stringing people along. The excuse that it needs to be centralized for testing is nonsense. EOS ran a decentralized test net for months.
>Now NEO does not look like a true cryptocurrency for me, but rather a decentralized data base susceptible to pressure and censorship. Bingo. Its intended use case is to be used by the Chinese government as a more reliable type of database. When you invest in NEO you're investing in the Chinese government. Normies will never use it, western developers will never use it.
Logan Smith
NEO pivoted away from China because a bunch of Europeans joined in the Summer and formed CoZ. It is not a Chinese coin anymore and Europeans are taking over the reference implementation (NEO-sharp) and have redeveloped the consensus algorithm (now uses Honey Badger). Again, this is no longer a Chinese project. There is a Swiss HQ, NEX is going to have European securities licensing and banking. China is not going to be backing this. However, NEO this reverse takeover has turned NEO into a quality project instead of the weird janky, rinky-dink side project of OnChain that it started out as.
If you don't see it coming together as an enterprise solution, and instead think it's still just some database developed by Eric, you're way behind the bell curve. Way the fuck behind.
The only actual remaining threat to NEO is the amount of $$$ in the hands of Chinese investors and whether they can help themselves burning NEO to pump their side projects.
Juan Barnes
chinks and gooks are going to move to QTUM, which is arguably the one of the most decentralised coins out there
Nicholas Brown
>holds 50% in NEO >wants to be shilled on it
You’ll never make it.
Samuel Lopez
Why is QTUM so dead now?
Evan Gomez
Listen dum dums
When NEO goes
Kevin Sullivan
QTUM isn't dead, they are beginning to rev up marketing. They just focused on development last year.
They are already a pretty nice selection of dapps on QTUM
QTUM is built on the foundations of Bitcoin and Ethereum, the most tried and tested blockchains.
QTUM uses Bitcoin UTXO model and is compatible with EVM. So literally anything could be ported from Ethereum to QTUM. It is basically Bitcoin with the ability to run ETH smart contracts.
Has its own x86 VM so more languages like C++ and Rust are available.
Josiah Price
qtum a shit
James Scott
Which is why on ETH you have 10000 scam ICOs and other BS. NEO is more controlled. This threshold makes sure that there's at least SOMETHING behind those projects to begin with.
Dominic Smith
The dividends(GAS, ONT, MCT) they give out are pretty nice. That's about it though lol.
Luke Flores
This. Can't see it going much lower than this.
Nicholas Stewart
I bought a few thousand antshares. Never gonna sell em. Number 1 blockchain 2020.
Luis Reyes
this is a great post, i have 72% of my blockfolio in NEO and now i'm about to read the thread, thanks user
Neo was soaring in altcoin season. It's over now. Stick to the basics if you want to eventually make it. Btc, eth, iota are the three ones that will survive. The holy trinity of first movers with the biggest market share in their fields.
