Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => NEO Forum => Topic started by: coinhunter on October 20, 2017, 10:24:57 AM
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NEO biggest weakness is that it is headquartered in China, cryptos need no regulations to thrive, and China might put much more pressure on a crypto than most other countries.
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they can move it is outside easy
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i doubt china will continue their neg stance on cryptos.
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Being in China is actually not their biggest weakness. Once things go smoothly with the regulations and all. Being in China is going to be one of NEO's biggest strength!
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I agree regulations and China ...
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well said
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Neo wealest point is China but it will turn as round to be it's biggest strength
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Its all about china policy and regulation
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The Chinese government is very negative about the crypto currency. I hope that soon everything will change. This coin could still live
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China will one day understand what is doing stupidly. After all, it is impossible to kill the crypto currency. The government could make good money on this
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I thought that this coin would become great. But because of the Chinese government, my illusions are broken
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Never knew it is a chinese coin
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No digital currency can be popular only based on the economies of a country.
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I also think being a Chinese coin is a problem unless regulation from Chinese govt is lifted.
Once it lifts, NEO could be mooning then.
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being in the china
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I think you shouldn't worry about being China related stuff, FUD helps gain profit so hope you understand :P
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as far i know, china supports neo so far, why should they switch that?
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The only way China will truly support NEO is with more control/possibility for government oversight. They are still very much so on the fence when it comes to full-blown capitalism without regulations, even with the core of the leadership softening up. However, if they get enough insight to the daily running of NEO, it could get support. And that is when it will go moon. Before that, it is at the mercy of the market, which is rather in turmoil after the January storms.
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I believe also that NEO can "move" to other country with all its assets now that China implements ban on all crypto activities. :)
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Being in China is actually not their biggest weakness. Once things go smoothly with the regulations and all. Being in China is going to be one of NEO's biggest strength!
Still wondering how being in China affects its operation. I thought all this blockchain technology was decentralized. Or does neo have any physical facility?
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Neo consensus nodes are presently held by Neo Council, but they get progressively decentralized :
https://steemit.com/cryptocurrency/@pandorasbox/largest-dutch-telecommunications-company-kpn-will-run-neo-consensus-node
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Nothing goes on in China without the government having their hands in it. Probably they support the project just can't say so publicly otherwise they would shut it down completely already. As was reported, power companies using excess energy toward mining and are probably some of the biggest miners in the world. And of course China is dominating the world in terms of mining output.
President Xi made the promise to double GDP/capita from 2010-2020 and they are on track and as long as this project remains in line with the goals of the party. I'm speculating but I don't think the government will want to lose such a promising opportunity in the Mainland to someplace like Sinagpore, Hong Kong or Taiwan.
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The chinese government is not against crypto projects, but it doesn't want chinese money to leave the country, that's why they forbide chinese people to buy crypto, but chinese crypto projects which attract western money don't bother them of course, on the contrary. That's why all this fud about projects such as neo is so stupid, but this had the good effect to keep the price lower.
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That's just it -- being located in China
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Its not as fast as some other smart contracts platforms.. and NEP5 isnt as adopted as ERC20 with Ethereum.. its kind of stuck in that middleground where its behind others in adoption without the best tech.. still I think NEO reaches 500$ per coin this year just because when this coin booms.. it REALLY booms.
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I believe China will adopt crypto some day. Until then, I HODL my NEO. Technical developments are showing steady growth, and NEP5 is steadily gaining grounds. So I see a very bright future for NEO.
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I think that's problem not a weakness, but Neo power for reach top crypto in the world ;D
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In fact I wonder if this concerns only Neo, and if this concerns only China. The real problem is to make blockchain projects in general being adopted in everydays life, whatever the country. This is going to take some time, and it needs to be a minimum progressive. I am sure it is going to happen, some crypto projects will disapear, some other will succeed, and maybe we don't know yet the most successful.
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:D :D :D :D :D :D :D :D :D :D
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Neo ? Has this coin been listed on coinmarketcap?
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I believe in this coin
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I agree some point of China regulation is very concerned.
In future, if Neo team will be in out of china, I will be possible to invest Neo, but not now.
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Personaly I am less concerned by regulation than by the tech in itself :
https://themerkle.com/glitched-consensus-node-briefly-cripples-neo-network/
First it needs to prove that dBFT can be a good consensus algorithm, in the real world and not only on beautiful powerpoints.
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Thats because China's Regulation and Policy!! I HATE THAT
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NEO biggest weakness is that it is headquartered in China, cryptos need no regulations to thrive, and China might put much more pressure on a crypto than most other countries.
It's true and the same for TRX. They may have to be hardhearted somewhere else to fully realize their potential. Ripple however is accepted in China.
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I do not take NEO's weakness as the headquarters in china. What could be the strength of NEO? That their market is not well developed
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I agreed with you.I think that it head office sited in China may not be it's greatest weakness, rather the ability of the team to constantly working towards achieving the set goal and objectives of the coin. For Neo to receive much attention,the team have live up to the expectations of the general users and many that may be interested on the coin in the comig days.
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Not divisible can only be used in whole integers.. Don't know why they decided this was a good idea.. also if you feel NEO is reallyu great long term hold, then I'd buy GAS instead.. its the more scarce element and if it runs in price, GAS is the better long play.
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Every alts have its own strength and weakness. Place is not the problem but everything matters about government side. All depends on the government for they can make it free or not. There should have appointment talk between the government and the crypto people in case there are things to be clear so that everything shall be alright.