Topic: [ANN] AIRcoin - page 110. (Read 137265 times)

No nodes?? my wallet is not syncing 

FAIL

There are 1 billion coins and the block reward is only 3.72 with a block target time of 2 minutes ... that is a very small initial reward considering how many coins there are.

As a result, I'd rather not waste my hash power until the coin actually makes it to an exchange, but I like the idea that the block reward varies based on the exchange value ... not sure how you're going to pull that off in the long run, but if the algorithm is correct then it would be a good way to maintain hashpower put into this coin and thus the value of your coin long-term.

One other question, prior to hitting an exchange, does the block reward stay at 3.72?

I think "thedogdiditnotmecoin' has a better ring to it

So you launch a coin with no working nodes? I hope you actually schedule a date and time and not just randomly add a node with no notice so the devs can just start mining from 0 second.

Yes write my name down! will mine.

+1

i'll mine this

eta?

Does anybody want to mine this?

I will make a pool if there is demand - Please +1 if you are interested

Feb. 20th 2014

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(other posts omitted)

We are currently dealing with an issue with our node server. However, we do not intend to release a poor fix but are taking the time we have now to improve and prepare it from the beginning. I believe that a little patience and caution exhibited now will benefit us greatly.

Users who have alerted us of the Node Issue before this post (5PM EST Feb. 20th) however, will receive a compensatory .1/A transaction to get them started once it is fixed.

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Glad to know you like it.

USDe did not feature aggressive trading (at least, not on the same level of professionalism) and suffers from hyperinflation problems like many of the new cryptocoins released in the last few weeks due to copying of the Dogecoin success (which, ironically enough, is a demand-based success, and these copycats only affect the supply!).

Insanity coin utilizes destructive supply features, which are nice if you want to restrict the supply (and then hope demand remains the same or increases) but are ineffective for long-term exchange rate increases. A modern day investment pool doesn't go and burn other people's dollars to raise the value of their own dollars: it's much better to efficiently allocate and benefit from group work.

You can equate the short-term operation of most of these coins (Dogecoin, Pandacoin, Earthcoin, USDe, etc.) to other hyperinflationary states, like Zimbabwe in the mid-2000s and Germany in 1921-1924. Without incredible (statistically unlikely) leaps of demand that balances external effects, they decompose. It's not a matter of having one strong theoretical leg to stand on, but many.

Both of these failures are extremely indicative of coins that are created under the pretense of deterministic price and "inherent value", things that academic economists haven't considered to be "fact" since the 1800s. To maintain consistency in an exchange rate, consistent maintenance must be applied. Such maintenance is impossible with a weak development staff (or one that is heavy on coders, and light on economists) or a tidal wave of inflation that the developers would have no hope to overcome, simply because they gave away as many coins as possible to build "hype".

We get around these problems through index investments in the competitive coin market. I advise you read A Random Walk Down Wall Street to understand the way it solves these problems, it's a highly influential and modern look at finance.

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We would like to operate our own node servers first, which are working on, and we will not release the source code immediately. There are plans for a release of the source code in the near future, however, after more pressing matters have been attended to.

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To the rest of you: Thank you for your support. We'd like feedback and opinion as well, as we intend to use this coin as an example of an economically sustainable coin capable of competing in real world financial markets: something that the cryptocurrency community does lack.

-Alexander

I can only hope the project succeed, "The Allied Investors trading floor, utilizing existing Cryptocurrency markets, can increase the rate by 5% per week" USDe tried something similar but fail. Only Insanitycoin seems to get it right.

waiting for fartcoin 

yea lol

Well if the addnode ip wasn't a NAT address it might work. 

your coin looks promising but :

no nodes, cant sync wallet. No one can mine?

edit: just sent them an email and got a really fast reply. Seems they are on it, let's see if they didn't premine the shit out of it when its up

Albert,

We're aware of the problem and are working on fixing an error in our seed node servers. It is taking a while, but that is because we are spending the necessary time to make sure it is done right the first time and that we will not have any problems afterward.

I will let you know as soon as our seed servers are up and running.

AIRcoin
www.teamaircoin.org

top idea. will mine this coin

Premine done yet?

Thank you to those who have remained patient during this oversight.  I am Developer O, and I personally extend my thanks.  The issue is being resolved.

Why so problems? Are you mining there? 

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