NEO

NEO

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NEO is a non-profit community-based blockchain project that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a "smart economy" with a distributed network.
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Comments

5 of 9 user opinions

AN
Managing Partner at Neural Capital Source
NEO is crashing so hard it's about to be rebranded as AntShares.
KP
Product Manager at Twitch Source
Whenever an ICO is run on NEO, you will see complaint after complaint of the network being down or wallets not working. This is not characteristic of a blockchain capable of 1000 transactions per second.
JP
Group Product Manager at Adobe and Creator of Dogecoin Source
Was just tipped off to the fact it costs 500 GAS (currently US$13k+) to deploy a single smart contract on the NEO network. Just a *tad* pricey.
RS
Founder and CEO at Messari Source
NEO's "Ethereum but China" pitch reminds me of Litecoin's "Bitcoin but Scrypt" pitch in 2013. A long, dark winter followed.
JL
Infrastructure Engineer at Casa Source
And yet NEO still maintains an ~$8B valuation despite proof that it's not even fault tolerant to a single consensus node failing, much less tolerant to Byzantine actors... not sure if the market is irrational or just ignorant.
EW
Cryptocurrency Lead at Cinnober Source
A *Byzantine* *fault* *tolerant* consensus system's whole purpose is to be designed to handle ANY error or malicious behavior from a subset of the nodes and still reach consensus. In NEO, their system couldn't handle the most simple error of one node.
KS
Managing Partner at Multicoin Capital Source
I don't know that much about NEO, but I'm generally skeptical. I also generally don't care for this author but figured I'd share. NEO holders, beware.
EG
Associate Professor of Computer Science at Cornell Source
Hilarious. #6 cryptocurrency NEO is just a 7-node system uber the control of a single party, and the code isn't designed to handle even a single, benign failure.... Chances of NEO NOT being broken right now: 0%.
AP
Co-founder and CIO of BlockTower Capital Source
Wasn't NEO just shot in the knee by the Chinese government? Why would you want to own an ETH clone facing regulatory destruction?

Most helpful opinions

AP

AP Ari Paul Co-founder and CIO of BlockTower Capital
Wasn't NEO just shot in the knee by the Chinese government? Why would you want to own an ETH clone facing regulatory destruction?
EG

EG Emin Gun Sirer Associate Professor of Computer Science at Cornell
Hilarious. #6 cryptocurrency NEO is just a 7-node system uber the control of a single party, and the code isn't designed to handle even a single, benign failure.... Chances of NEO NOT being broken right now: 0%.
KS

KS Kyle Samani Managing Partner at Multicoin Capital
I don't know that much about NEO, but I'm generally skeptical. I also generally don't care for this author but figured I'd share. NEO holders, beware.
EW

EW Eric Wall Cryptocurrency Lead at Cinnober
A *Byzantine* *fault* *tolerant* consensus system's whole purpose is to be designed to handle ANY error or malicious behavior from a subset of the nodes and still reach consensus. In NEO, their system couldn't handle the most simple error of one node.
JL

JL Jameson Lopp Infrastructure Engineer at Casa
And yet NEO still maintains an ~$8B valuation despite proof that it's not even fault tolerant to a single consensus node failing, much less tolerant to Byzantine actors... not sure if the market is irrational or just ignorant.
RS

RS Ryan Selkis Founder and CEO at Messari
NEO's "Ethereum but China" pitch reminds me of Litecoin's "Bitcoin but Scrypt" pitch in 2013. A long, dark winter followed.
JP

JP Jackson Palmer Group Product Manager at Adobe and Creator of Dogecoin
Was just tipped off to the fact it costs 500 GAS (currently US$13k+) to deploy a single smart contract on the NEO network. Just a *tad* pricey.
KP

KP Kevin Pan Product Manager at Twitch
Whenever an ICO is run on NEO, you will see complaint after complaint of the network being down or wallets not working. This is not characteristic of a blockchain capable of 1000 transactions per second.
AN

AN Ari Nazir Managing Partner at Neural Capital
NEO is crashing so hard it's about to be rebranded as AntShares.