Why Crypto? Why Blockchain?

NEWCOIN.Network
Sep 5, 2018 · 3 min read

The Crypto and Blockchain Hype of 2017

2017 was a year of unprecedented growth for cryptocurrency. The second half of 2017 was also a period where rampant ICOs earned absurd amount of money by promising investors the all-star collection of buzzwords at that time, such as “decentralized”, “democratic”, “instant”, “feeless”, “supercomputer”, “quantum resistant”, and so on. It is not unheard of for an ICO with nothing to show for other than a whitepaper and a neat website to gather tens of millions of US dollars in weeks.

Another absurd example is the case of one particular iced tea company based in New York seeing its shares going 500 % up after renaming itself to Long Blockchain.

What Does This All Mean for NEWCOIN.Network?

Many investors have been hurt by the recent ICO craze. This means the mood as of the last quarter of 2018 is nothing short of cautious. We at NEWCOIN.Network strive to be as transparent as possible to all of our investors and stakeholders, and these written articles are here to reveal our inner working to the public.

Many potential future partners and collaborators of NEWCOIN.Network have raised one question that is worth addressing, and that is “Why does NEWCOIN have to go crypto and blockchain? Why can’t NEWCOIN just use traditional payments instead?”

The Answer

This is a four part answer.

  1. NEWCOIN.Network and Newlife are meant to be global. We have no ambition to restrict ourselves to Western countries. At the moment the NEWCOIN marketplace functions well with Paypal, but there are limitations. Certain countries cannot use Paypal, therefore users from these countries have troubles participating in the NEWCOIN marketplace. These restricted countries can be found here.
  2. Traditional banking has its own cost, delays, and bureaucracies. As the future forefront of human innovation and creativity, NEWCOIN.Network must seek the solution that minimize all three. With EOS, there will be no fee and none of the bureaucratic annoyances.
  3. The staking mechanism of EOS with regards to advertising is unique compared to the traditional methods used by Facebook and Google. Please refer to this article for a more elaborated answer on the differences between “staking” and “spending” advertising. Simply put, NEWCOIN will not ask people to pay for contents and services. Instead of paying, users can stake their tokens. This method can only add value if we have some form of a deflation currency, allowing users to get more value out of their tokens simply by locking or holding them.
  4. The royalties and associated benefits, commissions, rewards, etc. should be immutable. This means if your account somehow manages to invite more people, or your contents are still being consumed in, say, the 23rd century, your account should still earn money on such activities. Even if NEWCOIN.Network ceases to exist, the unbreakable law of the blockchain will ensure that you will get rewarded accordingly. This sorts of governance is not possible without blockchain or crypto.

Signed: Nguyen Ba Nguyen, facebook: ba.shingen

NEWCOIN.Network

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A Decentralised Distribution Network for Innovation

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