Topic: [ANN] AIRcoin - page 29. (Read 137309 times)

Sure, it's not like coins die in the crypto world in a few months....(light sarcasm)
Your timeline of "until the end of the year" will KILL support for AIRcoin. The implementation of the wallet features will help to make this coin stand out, and should be the first item completed..sooner rather than later. Also I agree with the earlier post that communication is paramount. Without communication, interested parties will become disinterested.

You seem to be overlooking the mining community, without the miners and pools, there will be no distributed transactions for AIRcoin. No miners=no transactions=dead coin. Sure, you can trade the coin, but where will the transactions be processed? You could transfer coins from your wallet, and wait for the confirmations...and wait for the confirmations...and wait for the confirmations. You get my point I am sure.

As for the statement that AIRcoin will not get left behind, how many coins come out weekly? And since the ideas have been presented in the whitepaper, how many of those ideas that drew people to this coin could be copied before the end of the year using the ideas that AIRcoin developed? Maybe not using the same exact strategies, but, maybe with new ones that work. Waiting, in my humble opinion, is not an option. Making less frequent communications with the community, again, not a good option. By Christmas, AIRcoin, if the dev team waits that long, will be behind 99.9% of the coins that copy the idea and improve upon it.


EDIT: As I am writing this, the net hash rate is under 84 Mhs, block time average is at 5 minutes 37 seconds. not pool, network.

What part of the document? What specifically did you like?

Honestly the document you read spells it out better than I could even if I took the time to.

I like the roundness of the coin with the A thingy in it..

Having just read the original whitepaper again, I'm curious as to who having read that is a fan of this coin.
Can anyone who likes this coin or that paper please explain specifically what they like about it?

Lot's of people here have said they like the project or the coin but I've yet to see anyone articulate just what it is they like. 

I totally agree with you here. Aircoin community and people are here, not inside dev's email inbox. You must communicate with your community. You gain nothing by hiding inside the bushes.

I have a suspicion that some of them are grad students and their prof has a grant to study the economics of Cryptocurrency

My own thoughts are they if were closely involved with financial markets they would have been more circumspect about the claims they made and advertising it as an 'investment"

This is a mistake.

Investment--or speculation, however you want to call it--is about confidence. And one of the cardinal ways to cultivate confidence in an altcoin is regular communication on the bitcointalk ANN thread.

Just post here once or twice a day, answer questions, and respond to daily concerns, even if it seems like you are repeating yourself.

It will make your job of stabilizing the coin's price and growing it's value much easier.

[protip]

You may be a little gun shy because of previous snafus in your bitcointalk posts. Just try your best not to mistakenly make it sound like you are abandoning the coin. Ask others in your team if what you plan to write will frighten investors. Wording matters. Maybe you need a writer on the team?

Media will be important for AIR going forward, establishing good contacts is essential.

The coin is still young people, have some faith. The next few weeks will be paramount.

I am still 100% stoked on this coin and its approach.  The devs have given out any important information promptly and clearly, I don't personally need 24/7 365 reassurance that they are alive and working on the coin.  I will keep buying and mining what I can for the time being.  Looking forward to see where AIR can go from here.

So does anyone know for sure if "Team AIRcoin" is a group college students or actual professionals?

They claim that they are "formed from economists and finance experts, and programmers who have dedicated themselves to this business." (AIRcoin Official Press Release)

and that they, "have past experience and connections with:
1. Multiple financial institutions, including Investment Banks, Capital Management, and Venture Capital.
2. Angel Investors and Alumni support.
3. University of Chicago Economics Department and Booth School of Business" (March 22 post, pg 71)

and that they, "have the power to change how Altcoins are accepted in the United States, we are not exaggerating" (March 22 post)

My interpretation, regarding the devs anonymity is that they are possibly just college students who have been over presenting themselves as “financial experts”. If they were truly college professors, stockbrokers, or involved in the financial markets, etc. my line of thinking is that they would have nothing to hide and be able to at least disclose their professions/backgrounds as this could possibly help the value of the coin/add legitimacy. I’m not saying there is anything wrong with college students developing altcoins but by using rhetoric such as “we have the power to change how Altcoins are accepted in the United States” leads me to conclude that to support these claims they must have decades of experience in finance and economics in the real world not from learning about it in the classroom.

Note: I still believe the concept of AIRcoin is much better than most altcoins and interested to see if the devs decide to come forward with a little on their various backgrounds to back up their claims. Any thoughts on this issue or whether I should be that concerned? Thanks

Edit: If the devs do not address this issue, is it safe to assume that they are students?

It was miners who dumped the coin not the devs.

The market got dumped hard as the cracks started to show in the facade that TeamAIRcoin presented to this forum.

Their trading bot/algo bot or whatever couldn't take the pummelling it got from the sell side on Poloniex and their claims of stable market, rising exchange rate then went out the window. They didn't have the necessary BTC to support the dumps that can happen when early miners decide to exit a coin.

Why didn't they have the BTCs to back their strategy?

They came across and presented themselves as if they were a team from a big investment house or the like, which one would assume had some serious funding to back up their claims.

The wheels really fell off the cart when they revealed that they are not a team from some big financial player but are in fact students at a University, newbies to cypto and appear to be using the coin/miners/exchanges/investors as an experiment in their economics class.

So it appears they are not out to scam us by dumping the premine, they're just naive UOC students trying to figure out another way for cyrpto to work and trying to do their best in school and get their MBA.

Open Source crypto is all a bit of an experiment so not totally out of sync there.

Sounds like they're reviewing their plan and hopefully will be back in a couple of weeks.

How they are going to fair against the more seasoned coin devs and miners only time will tell.

Mining Hirocoin now. Rising exchange rate on https://www.poloniex.com/exchange/btc_hic at the moment and is getting more attention by the hour because of the use of X11.

Are you serious. Now you come out with a post specifying a timeframe - 2 weeks. If you gave any sort of timeframe in the prior post we may have avoided much of the carnage! I see another big problem this coin and that's communication, communication, and communication.

What happened with the price omg ! What happened with your pool and price control and "always up" promise ?

My AMD R9 290 working at AIRpool (at average 870Khs/s) makes around 5 coins per 24 hours. So pricing of the coin at around 1$ should be about right, especially after developers confirmed they are still working on it (which makes it no worse then any other altcoin). Decision to have AIRcoin usable in real world is definitely move in the right direction. Fact that we dumped all (hopefully) instacashminers is good for a coin too. BTW, I think developers made a mistake by allowing ppl to mine couple of weeks before coin went to markets as there are a bunch of "smart" cookies who know that mining while hashrate is low is extremely profitable. Essentially developers allowed those types of individuals onboard before actually real investors discovered the coin.
So yes I am sticking with AIR and mining some more. I have read about X11 hashing and personally I feel that will benefit coin.
Do multipools have ability to switch from regular scrypted coins to X11s and back (I don't know that, anyone?)?
If not then I see this as a plus cause multipools are essentially not investors and take too much hashing power (and instadumping huge chunks on the market) from those who is here for a long run.  Fact that developers didn't unload their premine gives them a lot of credit. At least it is a confirmation of the fact that they are not just a bunch of well educated scamers but genuinly passionate folks who are trying something new and making mistakes on their way.
I better loose with wise then gain with stupid.

I think you could have confirmed this a lot earlier. Obviously there was a possibility you might have been selling premine, and i just think it would have helped if you'd let people know earlier that you were not.

I want to reiterate this important point:


The development team is still working around the clock on this coin.

We have not sold ANY of the premine. The investment pool is actually about 3800 AIR over the 2,500,000 premine amount.

We been designing a new investment system along with changes to coins code that should put us in a more cutting-edge position in the market.

If holding AIRcoin puts you at risk, or in a financially dangerous position for the next 2 weeks, then we wouldn't recommend that you continue trading it if you think you are going to lose BTC. However, if you still support the coin, it is in your best interest to hold whatever AIRcoin you still have while we're working on the next investment system.

Our #1 primary goal right now is to go completely public and seek real world usage and media attention for the coin once we've finished the series of renovations to the investment system and the coin's code.

From here on, our primary means of contact will be emails either through our website or via [email protected] or [email protected]. We will not support the Bitcointalk thread or update it until we are finished with the next stage that we're working on.