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Topic: [ANN] AIRcoin - page 69. (Read 137294 times)

legendary
Activity: 1190
Merit: 1000
March 15, 2014, 01:21:54 AM
Doesn't stack up IMHO.

1. Satoshi's original white paper makes the point that crypto coins cut out having to rely on a central authority. Yet with Aircoin we have to rely on an anonymous bunch of "economic experts".
2.We give them bitcoins
3.They fill the market with bots.

The only good point is that the concept allows a person to reduce risk by diversifying, but with Bitcoin already established I don't think I need that. And coins are so easy to buy and sell and commissions so low it's easy to diversify without the help off "expert traders", who are giving little and taking a lot
hero member
Activity: 826
Merit: 501
in defi we trust
March 14, 2014, 10:52:50 PM
Glad to run into this by chance.
Probably one of the few altcoin released lately that deserve some praise.

The whitepaper could be done without so much concentrating on bitcoin "failures" but still interesting project and objectives. Will keep an eye on it.
newbie
Activity: 13
Merit: 0
March 14, 2014, 10:08:16 PM
Just like to say congratulations to you Aircoin team for a successful launch on the exchange.

The price was just as what you have described and steadily growing.

While I didn't have much hash power to begin with, I'm glad I mined it early on.

I have a couple of questions.

1. How often will AIRcoin adjust it's reward and would it be announced beforehand?

2. When the Team (particular Theseus) make a profit on the "investment pool", how quick will that reflect on AIRcoin's value?

Thanks and keep up the good work.

1. It really depends on the expertise of the traders on the floor at the time, and Alexander can always personally override a directive.  This is sit-at-your-terminal-and-carefully-watch trading, and we are just going by the seat of our pants here.

2.  This goes back to 1.  To be honest though, we aren't in direct control of AIRcoin's price, we are just keeping it within a specific (not in our best interest to announce what this is specifically) range around the market price.    

EDIT: 2. is not even continuously.  Essentially if we see a potential problem, we move.  So far, the market seems to be doing fine without much help from us (odd, but incredible).
member
Activity: 82
Merit: 10
March 14, 2014, 10:00:43 PM
Was able to purchase 700 coins before the price broke over .002 so I'm set for a while. Mining since day one only gave me 200 coins with my lonely 280x card and I see now that I'm lucky to have mined that much seeing how the difficulty has nearly doubled since yesterday.
full member
Activity: 140
Merit: 100
Bored
March 14, 2014, 09:40:08 PM
0.0026!!! You guys are awesome. If this continues, this might become one of the few coins that's actually worth mining. Props.
newbie
Activity: 56
Merit: 0
March 14, 2014, 09:37:18 PM
I've followed and mined this coin since the moment of it's release and I have to say it is far and away the most professional and (seemingly) genuine alt-coin release I have ever come across.

Now it is on an exchange and there are even devs responding to the trollbox! I mean, you seem to have thought of everything.

I'll be honest, I've mined quite a few Air over the weeks and my intention was to dump 66% more or less at market launch, keeping the other 33% to see what happens. However, after seeing your courteous and intelligent replies to anyone in the trollbox, I changed my mind, I'm keeping them for a while. my first ever "long-term coin"! Although, I can't promise there won't be a little day trading here and there  Wink

Anyway, thanks Aircoin Team, I'm very, very impressed.

Edit:

While I typed this, I see the price jumped 30%, I might type some more  Grin

Yeah I have to agree with this. Big props to the dev team. Hopefully one step closer to achieving your goals.
member
Activity: 70
Merit: 10
March 14, 2014, 09:35:23 PM
Just like to say congratulations to you Aircoin team for a successful launch on the exchange.

The price was just as what you have described and steadily growing.

While I didn't have much hash power to begin with, I'm glad I mined it early on.

I have a couple of questions.

1. How often will Aircoin adjust it's reward and would it be announced beforehand?

2. When the Team (particular Theseus) make a profit on the "investment pool", how quick will that reflect on aircoin's value?

Thanks and keep up the good work.
hero member
Activity: 658
Merit: 500
March 14, 2014, 09:17:19 PM
I've followed and mined this coin since the moment of it's release and I have to say it is far and away the most professional and (seemingly) genuine alt-coin release I have ever come across.

Now it is on an exchange and there are even devs responding to the trollbox! I mean, you seem to have thought of everything.

I'll be honest, I've mined quite a few Air over the weeks and my intention was to dump 66% more or less at market launch, keeping the other 33% to see what happens. However, after seeing your courteous and intelligent replies to anyone in the trollbox, I changed my mind, I'm keeping them for a while. my first ever "long-term coin"! Although, I can't promise there won't be a little day trading here and there  Wink

Anyway, thanks Aircoin Team, I'm very, very impressed.

Edit:

While I typed this, I see the price jumped 30%, I might type some more  Grin
newbie
Activity: 54
Merit: 0
March 14, 2014, 09:00:08 PM
i dont see why miners dump so early,the price could have gone way up if they didnt dump so soon


Proteus here,
There will be dumpers.  But we are (and have been) ready and waiting.  So far this initial pump and dump period isn't looking too crazy.  Big thanks to the informed traders/miners/investors educating others as to the nature of AIRcoin on Poloniex.  The coin will survive the pumpers and dumpers, and from there it looks like clear skies.

-- Lead Technical Developer

i hope so im really banking on aircoin sounds like it an interesting concept.I think another exchange will be a good ideal poloniex isnt to good for new coins.
newbie
Activity: 13
Merit: 0
March 14, 2014, 08:50:39 PM
Two questions.
1) What time zone are you in.

2) What kind of media coverage are you looking to secure?


Primarily blogs and web articles about the coin, and the release of a script of a Q and A with Alexander by a reporter will be distributed as well.

Are there any plans to sell some of the pre-mine at launch of an exchange or are you going to rely on the coins mined so far to determine market value by the miners selling them?

I asked a related question on the sub-reddit but still waiting for a reply there so might post it here too. My understanding is most of the pre-mine goes towards this investment pool used for trading. Do you need to sell AIR for BTC from this pool to fund the trading or will there be AIR trading pairs established by the exchanges or will there be some initial seed funding used for early trading?

The AIR will be converted to BTC or LTC (depending on available markets) to trade this investment pool, and then converted back to AIR when the pool grows, to raise the exchange rate or to counteract dumps. This is the primary way we stabilize the exchange rate. The pool allows us to leverage gains with this large volume. A 1% gain on a pool of 50,000 AIR equivalent allows us to counteract a 10% price fall in a market depth of 5,000 AIR, for example.


That's not really what I expected to hear. Basically means just another premine dump by the devs...

No, it may be a "premine dump" to raise BTC capital but they plan to reinvest it for the coin's benifit. THAT is not like most previous coins. It's just a matter of faith at this point in time. They have a plan, they are following through with it and they are keeping us in the loop. What more can we ask? It's the 12 hour, you are either onboard or not, strap in or move back cuz it's about to launch.

My question is down the road from the exchange launch will there be an aggressive campaign or strategy to add services,stores etc that accept aircoin?

Most certainly, if I have anything to say about it (and I do, being the lead technical programmer) this coin will be aggressively expanding the developer pool (part of the AIA, as outlined in the whitepaper)  to really make high-impacting decisions as a GROUP on the future of crypto-currency code in general.  Yes, we are VERY much working to expand to real world application of the currency, and could use any help in that regard our users hope to offer.  Developer, speculator, economist, trader, user and or crypto-currency enthusiast, no matter what you classify yourself as, if you know someone who could help realize Team AIRcoin's ideals and is okay working over the web with some intelligent, experienced, ambitious individuals (I at least enjoy working with them and have observed these qualities), get them in contact with us.  Launching is just the beginning people, we have some work to do if we seriously want to implement these changes in the real world.  

TIP: AIR is just starting to move on Poloniex, btw.

EDIT: I almost forgot to mention the community: well spoken, thoughtful, and interested in a long term solution to some of the ills facing crypto-currency adoption, even if they have to accept going against norms in developer-user crytpo-currency management (I personally see this as progressive).
-- Lead Technical Developer
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
March 14, 2014, 08:36:29 PM
moving from http://sun.pitythepool.com/ to air.pitythepool.com for a bit Wink
SUn and AIR both rock!
newbie
Activity: 13
Merit: 0
March 14, 2014, 08:36:09 PM
i dont see why miners dump so early,the price could have gone way up if they didnt dump so soon


Proteus here,
There will be dumpers.  But we are (and have been) ready and waiting.  So far this initial pump and dump period isn't looking too crazy.  Big thanks to the informed traders/miners/investors educating others as to the nature of AIRcoin on Poloniex.  The coin will survive the pumpers and dumpers, and from there it looks like clear skies.

-- Lead Technical Developer
newbie
Activity: 14
Merit: 0
March 14, 2014, 08:28:37 PM
Looking forward the AIRcion Grin
legendary
Activity: 938
Merit: 1000
March 14, 2014, 08:25:13 PM
Damn, I missed the fire sale. Well, picked up some at .0015. That is probably a good deal to supplement the couple hundred I mined.
legendary
Activity: 999
Merit: 1000
March 14, 2014, 08:15:08 PM
i dont see why miners dump so early,the price could have gone way up if they didnt dump so soon


Because they made money
hero member
Activity: 658
Merit: 500
March 14, 2014, 08:09:56 PM
i dont see why miners dump so early,the price could have gone way up if they didnt dump so soon


It's most miners mentality to convert to BTC ASAP, they are mostly a simple lot - I suspect they were expecting an early crash too, which hasn't happened.

Hopefully, the less intellectually endowed (ie: the ones who didn't read the thread) have been dispensed with now, leaving more serious and less fractious traders on the market.
newbie
Activity: 54
Merit: 0
March 14, 2014, 08:07:07 PM
i dont see why miners dump so early,the price could have gone way up if they didnt dump so soon
newbie
Activity: 56
Merit: 0
March 14, 2014, 08:06:34 PM
Diff now estimated 20+

First time I've considered switching my miners to another coin for days.......

Agreed. Not sure why people are dumping so low either. 0.0085 per MH/s at this diff.
hero member
Activity: 658
Merit: 500
March 14, 2014, 08:00:35 PM
Diff now estimated 20+

First time I've considered switching my miners to another coin for days.......
hero member
Activity: 528
Merit: 500
We are the ones we've been waiting for
March 14, 2014, 07:55:07 PM
W o w. That's what i have to say. I'm glad i was able to grab a few coins before being impossible to mine with less than 1 mh/s! I hope a great future for AIR!
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