Topic: [ANN] AIRcoin - page 82. (Read 137283 times)
Have you looked at the ecoin wallet? Nice facelift to a wallet.
I had a question for Alexander and team -- Has any thought been put into a radically different wallet for AIRcoin? I've seen a lot of other coin's show concepts of beautiful wallets but i'm not sure how many, if any, came into fruition...
I think a wallet could help AIRcoin to differentiate itself. I was curious, What sort of limitations you guys might be facing when it comes to releasing a more aesthetically pleasing wallet? Is it actually possible to do a major design overhaul?
Are there functions your team has considered building into the wallet?
Just a friendly suggestion to spark productive discussion
I think a wallet could help AIRcoin to differentiate itself. I was curious, What sort of limitations you guys might be facing when it comes to releasing a more aesthetically pleasing wallet? Is it actually possible to do a major design overhaul?
Are there functions your team has considered building into the wallet?
Just a friendly suggestion to spark productive discussion
It has always been in our intention to develop a better wallet interface, and we've discussed many possibilities of new features we can implement. After our higher priority functionality improvements, a very distinct and pleasing wallet is definitely being pursued. Such an overhaul is indeed, possible.
I had a question for Alexander and team -- Has any thought been put into a radically different wallet for AIRcoin? I've seen a lot of other coin's show concepts of beautiful wallets but i'm not sure how many, if any, came into fruition...
I think a wallet could help AIRcoin to differentiate itself. I was curious, What sort of limitations you guys might be facing when it comes to releasing a more aesthetically pleasing wallet? Is it actually possible to do a major design overhaul?
Are there functions your team has considered building into the wallet?
Just a friendly suggestion to spark productive discussion
I think a wallet could help AIRcoin to differentiate itself. I was curious, What sort of limitations you guys might be facing when it comes to releasing a more aesthetically pleasing wallet? Is it actually possible to do a major design overhaul?
Are there functions your team has considered building into the wallet?
Just a friendly suggestion to spark productive discussion
I read the white papers and I found them to be very interesting and promising for the direction of a cryptocurrency and that is why I am mining it. However I side WITH MightyX on the concerns of recourse and identification I don't think they are resolved. I do think Mighty's attack on you was a little harsh since I am new to the forum as well and am taking the other side. I would like to see Team Aircoin respond to MightyX's comments.
well, thanks for small amount of support hehe! Nice to see a fellow newcomer, I feel belittled by my lack of post history.
MightyX make's valid points ( Although his concerns were addressed several times, he doesn't seem to be able to grasp a clear understanding of his own questions ) , however, he had called me a sock puppet simply because I created an account to express my excitement for this coin. Isn't that what these forums are all about? Establishing a community to support development of a coin?
I was simply doing my part and finally devoting some of my time into getting involved within the community of a coin.
His motives were questionable until he singled out my post and attacked me for being new. A newcomer being excited about a coin shouldn't upset anyone. Anyone except trolls, I suppose.
Yes, welcome. We are all new posters on bitcointalk at some point. In fact it stands to reason that even TheMightyX had to be a new poster in the past. The fact that you are here and reading and commenting is a good thing for this coin. We need discussion (constructive), to move forward.
I think the last comments from Alexander is good advice for everyone: if you don't like, trust, believe, or whatever, don't invest. MightyX has spoken his mind. If he truly lacks trust in the AIRCoin team, then he should just go on his way. He stated that although the concepts have not been applied to cryptocurrencies before, they are not new or unique. I disagree, since it has not been done before, then the application of a centralized trading entity to cryptocurrency is both new and unique. To say that the concept doesn't qualify, is akin to saying that when man first traveled by airplane, it was not new or unique because birds flew, and man traveled(so, independently not new or unique). When you do something that has not been done before(centralized trading entity with cryptocurrency), it qualifies as new and unique. It will stay this way until the next coin copies it, then it may possibly become the new standard, at which point it will no longer be new or unique. It will just be the first.
Hi, willing to trade 2060 AIR for 2.06 BTC @ 0.001BTC/AIR
First person to publicly reply on the forum WINS.
Happy to trade in small increments such as the schedule below...
AIR BTC
30 0.03
40 0.04
90 0.09
100 0.1
200 0.2
200 0.2
400 0.4
500 0.5
500 0.5
cheers,
nethyb.
First person to publicly reply on the forum WINS.
Happy to trade in small increments such as the schedule below...
AIR BTC
30 0.03
40 0.04
90 0.09
100 0.1
200 0.2
200 0.2
400 0.4
500 0.5
500 0.5
cheers,
nethyb.
I read the white papers and I found them to be very interesting and promising for the direction of a cryptocurrency and that is why I am mining it. However I side WITH MightyX on the concerns of recourse and identification I don't think they are resolved. I do think Mighty's attack on you was a little harsh since I am new to the forum as well and am taking the other side. I would like to see Team Aircoin respond to MightyX's comments.
well, thanks for small amount of support hehe! Nice to see a fellow newcomer, I feel belittled by my lack of post history.
MightyX make's valid points ( Although his concerns were addressed several times, he doesn't seem to be able to grasp a clear understanding of his own questions ) , however, he had called me a sock puppet simply because I created an account to express my excitement for this coin. Isn't that what these forums are all about? Establishing a community to support development of a coin?
I was simply doing my part and finally devoting some of my time into getting involved within the community of a coin.
His motives were questionable until he singled out my post and attacked me for being new. A newcomer being excited about a coin shouldn't upset anyone. Anyone except trolls, I suppose.
Don't worry about it, this thread is actually astonishingly adult and professional compared to most, you probably want to steer clear of the Maza thread at the moment - it's ruthless in there
I read the white papers and I found them to be very interesting and promising for the direction of a cryptocurrency and that is why I am mining it. However I side WITH MightyX on the concerns of recourse and identification I don't think they are resolved. I do think Mighty's attack on you was a little harsh since I am new to the forum as well and am taking the other side. I would like to see Team Aircoin respond to MightyX's comments.
well, thanks for small amount of support hehe! Nice to see a fellow newcomer, I feel belittled by my lack of post history.
MightyX make's valid points ( Although his concerns were addressed several times, he doesn't seem to be able to grasp a clear understanding of his own questions ) , however, he had called me a sock puppet simply because I created an account to express my excitement for this coin. Isn't that what these forums are all about? Establishing a community to support development of a coin?
I was simply doing my part and finally devoting some of my time into getting involved within the community of a coin.
His motives were questionable until he singled out my post and attacked me for being new. A newcomer being excited about a coin shouldn't upset anyone. Anyone except trolls, I suppose.
Yes, you have been through 15 launches but have yet to make an account on bitcointalk until now.
Now you just want to promote this coin in good faith.
You know that you look like a sockpuppet right now?
Also "extremely innovative" would describe something new or unique (etherium and counterparty come to mind). All though it hasn't been done as part of a cryptocurrency before, I wouldn't call a centralized trading entity new or unique.
Now you just want to promote this coin in good faith.
You know that you look like a sockpuppet right now?
Also "extremely innovative" would describe something new or unique (etherium and counterparty come to mind). All though it hasn't been done as part of a cryptocurrency before, I wouldn't call a centralized trading entity new or unique.
Are you an idiot? I literally just publically stated to the entire forum that this is a new account, with no prior post history.
My lack of post history doesn't constitute a moronic response on your end. But I guess trolls will be trolls.
Stop your childish memes. Not a single person here finds them the least bit clever.
Etherium does look promising, but it is NOT a cryptocurrency, it is a complete platform and scripting language for developers to write new cryptos and operate them through the etherium "platform" and API, why do you compare etherium to AIRcoin? are you at all familiar with this?
Stop trolling the AIRcoin forum, why are you here if it isn't for a productive reason?
Also, did you read the white paper? If you had than you would feel really stupid saying some of the things your saying.
Thanks!
I read the white papers and I found them to be very interesting and promising for the direction of a cryptocurrency and that is why I am mining it. However I side WITH MightyX on the concerns of recourse and identification I don't think they are resolved. I do think Mighty's attack on you was a little harsh since I am new to the forum as well and am taking the other side. I would like to see Team Aircoin respond to MightyX's comments.
You know that you look like a sockpuppet right now?
Are you an idiot?
I am going to ask you guys to please keep the forum mature, and refrain from insults.
TheMightyX: Alexander will reply to you, and hopefully, you will be able to understand what he says. If you do not understand, and continue to both berate the Dev team and the community that surrounds this coin, then I would like to ask you, maturely, to please refrain from posting on our forum. It is one thing to post constructive criticism and skepticism, but using foul language to get your point across is unappreciated and unwanted.
Best,
-Aether
AIRcoin Web Developer & Forum Admin
Yes, you have been through 15 launches but have yet to make an account on bitcointalk until now.
Now you just want to promote this coin in good faith.
You know that you look like a sockpuppet right now?
Also "extremely innovative" would describe something new or unique (etherium and counterparty come to mind). All though it hasn't been done as part of a cryptocurrency before, I wouldn't call a centralized trading entity new or unique.
Now you just want to promote this coin in good faith.
You know that you look like a sockpuppet right now?
Also "extremely innovative" would describe something new or unique (etherium and counterparty come to mind). All though it hasn't been done as part of a cryptocurrency before, I wouldn't call a centralized trading entity new or unique.
Are you an idiot? I literally just publically stated to the entire forum that this is a new account, with no prior post history.
My lack of post history doesn't constitute a moronic response on your end. But I guess trolls will be trolls.
Stop your childish memes. Not a single person here finds them the least bit clever.
Etherium does look promising, but it is NOT a cryptocurrency, it is a complete platform and scripting language for developers to write new cryptos and operate them through the etherium "platform" and API, why do you compare etherium to AIRcoin? are you at all familiar with this?
Stop trolling the AIRcoin forum, why are you here if it isn't for a productive reason?
Also, did you read the white paper? If you had than you would feel really stupid saying some of the things your saying.
Thanks!
TheMighty... Just stop, It's clear you're just trolling.
ED: hey i'l bite on one
>It seems you are assuming that all coins are equally profitable to mine? This is not the case. You can't say "well you would get x number of BTC per MH mining this other coin so the price of our coin should be x per MH".
Because logic?
Vertcoin shouldn't be profitable at all, it's 'killer feature' (ASIC resistance) won't even be useful for another couple of years, all it actually achieves is making it REALLY difficult to configure your miners.
ED: hey i'l bite on one
>It seems you are assuming that all coins are equally profitable to mine? This is not the case. You can't say "well you would get x number of BTC per MH mining this other coin so the price of our coin should be x per MH".
Because logic?
Vertcoin shouldn't be profitable at all, it's 'killer feature' (ASIC resistance) won't even be useful for another couple of years, all it actually achieves is making it REALLY difficult to configure your miners.
Hi guys! Long time lurker here, been through about 15 coin launches now and decided to create an account merely for the AIRcoin thread.
Really excited to see how this turns out. Nearly every launch i've been a part of has resulted in a near immediate pump and dump, Alexander's strategy in dealing with such circumstances seems overall pristine so far.
Alexander's strategy of keeping a majority of coins controlled by the DEV team is an outstanding one. It is probably the only way to near-guarentee a smooth launch free of market manipulation ( except the benficial manipulation by Alexander and Team ).
This has caused a few readers to bring trust into question... I won't quote anyone directly, but did any of you even read the white paper?
Are you seriously mining coins that you actually haven't put much legitimate thought into? The distasteful responses to this thread are beginnning to seem pre-meditated.
The white paper clearly outlines all steps of development, and in which, Alexander made absolutely no secret of the 0.25% premine. How else was his team supposed to control the market?
Yes, the premine is huge for the initial roll out period, THIS IS NECCESSARY FOR STABLE GROWTH UNTIL THE COIN IS MATURE.
the coin has proven extremely innovative with a lot of firsts, I'll be mining this for a while.
Strongly encourage anyone who has neglected to read the White Paper to read it. I'm sure Alexander worked extremely hard on it, and it shows.
Looking forward to growing a strong community as network hash rate begins to increase from the ridiculously low rate it is at now!
Really excited to see how this turns out. Nearly every launch i've been a part of has resulted in a near immediate pump and dump, Alexander's strategy in dealing with such circumstances seems overall pristine so far.
Alexander's strategy of keeping a majority of coins controlled by the DEV team is an outstanding one. It is probably the only way to near-guarentee a smooth launch free of market manipulation ( except the benficial manipulation by Alexander and Team ).
This has caused a few readers to bring trust into question... I won't quote anyone directly, but did any of you even read the white paper?
Are you seriously mining coins that you actually haven't put much legitimate thought into? The distasteful responses to this thread are beginnning to seem pre-meditated.
The white paper clearly outlines all steps of development, and in which, Alexander made absolutely no secret of the 0.25% premine. How else was his team supposed to control the market?
Yes, the premine is huge for the initial roll out period, THIS IS NECCESSARY FOR STABLE GROWTH UNTIL THE COIN IS MATURE.
the coin has proven extremely innovative with a lot of firsts, I'll be mining this for a while.
Strongly encourage anyone who has neglected to read the White Paper to read it. I'm sure Alexander worked extremely hard on it, and it shows.
Looking forward to growing a strong community as network hash rate begins to increase from the ridiculously low rate it is at now!
Yes, you have been through 15 launches but have yet to make an account on bitcointalk until now.
Now you just want to promote this coin in good faith.
You know that you look like a sockpuppet right now?
Also "extremely innovative" would describe something new or unique (etherium and counterparty come to mind). All though it hasn't been done as part of a cryptocurrency before, I wouldn't call a centralized trading entity new or unique.
Posting in bold to differentiate my posts
Having new features does not mean continually increasing the security of the algorithm. It can mean adding new features that increase the usability and longevity of a coin. If your one defining feature is "hey the price will keep going up!" how will you really compete with counterparty or etherium?
The purpose of cryptocurrency is not just to make money, all though that may come as a shock to you. The ultimate purpose of cryptocurrencies is to be used as a currency. If your coin is not competing in this regard it has no long term potential, only short term gains.
What we are doing is likely to upset the old regime of scams. We use anonymous names to protect ourselves, but our accountability can be found in the exchange rate and block explorer, where any user can watch the market movements and wallet movements to keep us in check.
Additionally, the word "recourse" is not properly used here. Webster defines it as: "an opportunity or choice to use or do something in order to deal with a problem or situation" If the problem is a failure of our development team to maintain this coin, you are left with the same options that users of almost any other coin (easily 90% of hte existing coins, maybe more) to do with your coins. That is, by definition, your recourse. Additionally, you could offer to provide the same services we failed at, if you are capable of it.
The word "recourse" was used correctly in the sense that if you were to run off with (dump) the investment fund at your convenience we would have no recourse. You would potentially destroy the coin and everyones time and money invested would become worthless.
I find this line shocking and eye opening:
All currency is purely a speculative asset, including Bitcoin and Litecoin. Value comes from the expectation it will be exchangeable (and expectation of the costs of that exchange) in the future, which is speculation. Since AIRcoin doesn’t have any transaction fees, it’s likely that it would have even more valid use than most other coins, since it would have a baseline expected return equal to or greater than 0, since there is not guaranteed loss through transfer.
So this, as well, is not correct.
Don't twist my words. Bitcoin is speculative but it also functions as a currency in the real world. Bitcoin can be exchanged for real items, goods and services. Air can not. When your coin is actually used as a currency I can see the price climbing to such heights, but for a coin with a cap of 1 billion to start at .00115 is insane.
Anyone who mined AIRcoin and wishes to sell below ~.00115 BTC/AIR (or higher depending on the difficulty when they mined the coins) is going to take a loss compared to mining any other coin. So if you do believe that coins will be sold at those prices (remember, the price is determined by what people will buy and sell at and nothing else) then you have basically told every miner of our coin that they are wasting their time and energy. I think they, as well as our team, would strongly disagree with that. This same relationship between ease of mining and per-coin exchange rate is a very STRONG assumption, and can be observed on both ends of the spectrum with 42Coin and Dogecoin.
So only having few satoshi’s of worth isn’t incorrect as much as it is certainly extremely unlikely, and those who would have to act to cause such a thing to happen have strong incentive not to do so.
It seems you are assuming that all coins are equally profitable to mine? This is not the case. You can't say "well you would get x number of BTC per MH mining this other coin so the price of our coin should be x per MH".
Why should a coin that is just released be as profitable to mine as say vertcoin or dogecoin?
With the business minds we have, we can generate $10,000,000 of capital through they booming Venture Capitalist market. Anything over $1,000,000 seems a lot to the normal person, but in the financial world, it's not a fortune: it's the price of entry.
To quote the Whitepaper again,
Very unrelated but yes, in the venture capital world this is nothing; but in the venture capital world you know who you are giving money to. You have their names and addresses. You have signed legally binding contracts. You have legal recourse. It is much easier to trust someone when you know if they break their word and run off with the money you could sue them.
This doesn’t warrant a real response, but I hope that in retrospect, it becomes clear that it doesn’t, in any way, improve the criticism of the post.
So we wish to make a statement to our users and their concerns: We will respond. We will discuss it, and if you bring up good points, our development team will learn from it. But if you do not advance from our response, and you return with an even less informed response, we will note it and we will act on it as well. If your concerns are already addressed professionally and reasonably, either support it or leave it. You do the community no good if your further posts are less helpful than your earlier ones, and there are currencies that do, indeed, need your criticism far more. We want to provide as much help and service as we possibly can.
- Alexander
I see that I am not human, and my concerns are unwarranted and stupid. I am just an ignorant fool for critical thinking and not following the herd. Please forgive me for ever questioning your moral compass and future intentions which you can prove to us without a shadow of a doubt are pure and beneficial to the community. When you get back from the future in your time machine I'd like to borrow it thanks.
My concerns were NOT addressed reasonably or professionally. Pointing at a paper your wrote and saying "trust us because we wrote things" is neither intelligent nor reasonable.
From your post I get an impression that you work in the financial industry with large sums of money. Your view of the situation is biased in the fact that these may be normal everyday sums of money. Your bias may also be incorrect because in the financial industry there is accountability and liability. You may deal with millions of dollars, but never, EVER, are you just handed several million anonymously and asked not to abuse it.
If your intentions are good, you have misjudged the laymans view of this size of money being entrusted to you with no recourse.
If your intentions are not good, you already know this is a large amount of money and are trying to discount it as otherwise.
Don't mince words. The overrall market cap was what I was referring to and I hope you and anyone with an IQ above 80 knew that.
(i.e. at .00115 all the coins in existence would be worth 1150000 BTC or roughly $747,500,000 if all coins were released on day one. Not just the current market cap of available coins).
Posting documented information about where coins are or where they are going does not alleviate the valid concerns people have with entrusting nameless, faceless entities with millions of dollars. Just like watching bitcoins stolen from your wallet, you can watch them go indefinitely, but you can never get them back.
Please don't discount my concerns as inflammatory or misguided. Yes I did support this concept at one point in time and still do to an extent. But I have every right to change my opinion after consideration.
Wall of text
...
Now, our direct response to the post in question:
Claiming that more and more secure hashing algorithm would make the coin more economically viable is like claiming the US government would improve the dollar’s exchange rate by making it more difficult to counterfeit. The assumption is extremely weak compared to much larger market movements (inflation) that the cryptocurrency community largely ignores. There are many benefits to an extremely complicated hashing equation, but those benefits are past the marginal return for innovation in this community, and compared to the complete lack of economic innovation.
Does this mean that we won’t experiment with the possibility? Of course not, we will definitely engage in emerging advances to the code. But for this week, this period and second in time, and this coin, we think that our energy is best spent providing the best business, interest, and service around the coin that is possible and reliable, and experimentation can happen once sufficient improvement to the market and community has happened.
We’ve released plenty of information about the things this coin does that no other coin has even attempted, much less been successful at. If the sole feature a user cares about is the mining statistics (which are one very small part of what makes a currency economically viable) then they will be blinded to the real innovations behind this coin. This is addressed as a problem with the community in our whitepaper.
...
Now, our direct response to the post in question:
Claiming that more and more secure hashing algorithm would make the coin more economically viable is like claiming the US government would improve the dollar’s exchange rate by making it more difficult to counterfeit. The assumption is extremely weak compared to much larger market movements (inflation) that the cryptocurrency community largely ignores. There are many benefits to an extremely complicated hashing equation, but those benefits are past the marginal return for innovation in this community, and compared to the complete lack of economic innovation.
Does this mean that we won’t experiment with the possibility? Of course not, we will definitely engage in emerging advances to the code. But for this week, this period and second in time, and this coin, we think that our energy is best spent providing the best business, interest, and service around the coin that is possible and reliable, and experimentation can happen once sufficient improvement to the market and community has happened.
• No new features
We’ve released plenty of information about the things this coin does that no other coin has even attempted, much less been successful at. If the sole feature a user cares about is the mining statistics (which are one very small part of what makes a currency economically viable) then they will be blinded to the real innovations behind this coin. This is addressed as a problem with the community in our whitepaper.
Having new features does not mean continually increasing the security of the algorithm. It can mean adding new features that increase the usability and longevity of a coin. If your one defining feature is "hey the price will keep going up!" how will you really compete with counterparty or etherium?
The purpose of cryptocurrency is not just to make money, all though that may come as a shock to you. The ultimate purpose of cryptocurrencies is to be used as a currency. If your coin is not competing in this regard it has no long term potential, only short term gains.
• No accountability (identification, recourse)
What we are doing is likely to upset the old regime of scams. We use anonymous names to protect ourselves, but our accountability can be found in the exchange rate and block explorer, where any user can watch the market movements and wallet movements to keep us in check.
Additionally, the word "recourse" is not properly used here. Webster defines it as: "an opportunity or choice to use or do something in order to deal with a problem or situation" If the problem is a failure of our development team to maintain this coin, you are left with the same options that users of almost any other coin (easily 90% of hte existing coins, maybe more) to do with your coins. That is, by definition, your recourse. Additionally, you could offer to provide the same services we failed at, if you are capable of it.
The word "recourse" was used correctly in the sense that if you were to run off with (dump) the investment fund at your convenience we would have no recourse. You would potentially destroy the coin and everyones time and money invested would become worthless.
I find this line shocking and eye opening:
• No valid use except as a speculative asset
All currency is purely a speculative asset, including Bitcoin and Litecoin. Value comes from the expectation it will be exchangeable (and expectation of the costs of that exchange) in the future, which is speculation. Since AIRcoin doesn’t have any transaction fees, it’s likely that it would have even more valid use than most other coins, since it would have a baseline expected return equal to or greater than 0, since there is not guaranteed loss through transfer.
So this, as well, is not correct.
Don't twist my words. Bitcoin is speculative but it also functions as a currency in the real world. Bitcoin can be exchanged for real items, goods and services. Air can not. When your coin is actually used as a currency I can see the price climbing to such heights, but for a coin with a cap of 1 billion to start at .00115 is insane.
Come on people, lets be realistic here. A few satoshi's sure, but .00115 BTC/AIR?
Anyone who mined AIRcoin and wishes to sell below ~.00115 BTC/AIR (or higher depending on the difficulty when they mined the coins) is going to take a loss compared to mining any other coin. So if you do believe that coins will be sold at those prices (remember, the price is determined by what people will buy and sell at and nothing else) then you have basically told every miner of our coin that they are wasting their time and energy. I think they, as well as our team, would strongly disagree with that. This same relationship between ease of mining and per-coin exchange rate is a very STRONG assumption, and can be observed on both ends of the spectrum with 42Coin and Dogecoin.
So only having few satoshi’s of worth isn’t incorrect as much as it is certainly extremely unlikely, and those who would have to act to cause such a thing to happen have strong incentive not to do so.
It seems you are assuming that all coins are equally profitable to mine? This is not the case. You can't say "well you would get x number of BTC per MH mining this other coin so the price of our coin should be x per MH".
Why should a coin that is just released be as profitable to mine as say vertcoin or dogecoin?
Quote
I don't really doubt that they will follow through on their promise at least initially.
But when and if that fund grows to $10,000,000 then what?
But when and if that fund grows to $10,000,000 then what?
With the business minds we have, we can generate $10,000,000 of capital through they booming Venture Capitalist market. Anything over $1,000,000 seems a lot to the normal person, but in the financial world, it's not a fortune: it's the price of entry.
To quote the Whitepaper again,
Quote
The reflection is awful, and in this point of view, how trifling, how ridiculous, do the little paltry cavilings of a few weak or interested men appear, when weighed against the business of a world.
Very unrelated but yes, in the venture capital world this is nothing; but in the venture capital world you know who you are giving money to. You have their names and addresses. You have signed legally binding contracts. You have legal recourse. It is much easier to trust someone when you know if they break their word and run off with the money you could sue them.
Unfortunately, the post descends quickly after this:
Claiming what is “human” nature and not “human” nature is absolutely absurd when it comes to finance, which is wholly an unnaturally phenomena. I am certain they said the same thing when the first Banks, the First Corporations, the First governments, the First Books, the First Businessmen, the First Tribes, and the First Religions were created. “We can’t trust humans to do anything other than sleep, eat, and procreate until they die! That’s all they can be certain of doing in the last 50,000 years!” It is at this point where the post forgets all reason.
Pump and dump scams are easy, have little profit, and will only speed up the process before this entire market is closed down by regulation. The real profit is in maintaining the strongest internally supported coin, until that coin become an exception to the regulatory position. This would both prolong the period of deregulation and improve the entire community’s status in comparison to the rest of the far more organized financial world.
Claiming that human nature plays no part in the business world is entirely more absurd. Thinking that lust, greed and jealously don't affect and mold our lives is plainly ignorant or delusional. You have listed a bunch of things and said that people must have been just as skeptical when they first appeared. These things aren't related but the government one I find interesting. It can be argued that it is just this very reason why they were created. Governments were necessary to protect the freedoms and liberties of its people, because people could not be trusted to not act in ways that were not malicious. We needed to group together to protect ourselves from other peoples. This is why we have governments, because humans are human. We created laws and rules to help guide and evolve our people from uncivilized animals constantly warring with each other into the generation we see today. I'm sorry that you don't see the logic behind this. Attacking my views or my concerns is only detrimental to your cause.This is blind trust. In fact this is less than blind trust because for 50,000 years we know humans have been humans and will continue to be humans. This is trusting that just this once, humans will not be human.
Claiming what is “human” nature and not “human” nature is absolutely absurd when it comes to finance, which is wholly an unnaturally phenomena. I am certain they said the same thing when the first Banks, the First Corporations, the First governments, the First Books, the First Businessmen, the First Tribes, and the First Religions were created. “We can’t trust humans to do anything other than sleep, eat, and procreate until they die! That’s all they can be certain of doing in the last 50,000 years!” It is at this point where the post forgets all reason.
Pump and dump scams are easy, have little profit, and will only speed up the process before this entire market is closed down by regulation. The real profit is in maintaining the strongest internally supported coin, until that coin become an exception to the regulatory position. This would both prolong the period of deregulation and improve the entire community’s status in comparison to the rest of the far more organized financial world.
This doesn’t warrant a real response, but I hope that in retrospect, it becomes clear that it doesn’t, in any way, improve the criticism of the post.
So we wish to make a statement to our users and their concerns: We will respond. We will discuss it, and if you bring up good points, our development team will learn from it. But if you do not advance from our response, and you return with an even less informed response, we will note it and we will act on it as well. If your concerns are already addressed professionally and reasonably, either support it or leave it. You do the community no good if your further posts are less helpful than your earlier ones, and there are currencies that do, indeed, need your criticism far more. We want to provide as much help and service as we possibly can.
- Alexander
My concerns were NOT addressed reasonably or professionally. Pointing at a paper your wrote and saying "trust us because we wrote things" is neither intelligent nor reasonable.
From your post I get an impression that you work in the financial industry with large sums of money. Your view of the situation is biased in the fact that these may be normal everyday sums of money. Your bias may also be incorrect because in the financial industry there is accountability and liability. You may deal with millions of dollars, but never, EVER, are you just handed several million anonymously and asked not to abuse it.
If your intentions are good, you have misjudged the laymans view of this size of money being entrusted to you with no recourse.
If your intentions are not good, you already know this is a large amount of money and are trying to discount it as otherwise.
If AIRcoin launched at our current expected rates, the market capitalization would be $1,765,060, or #26 on Coinmarketcap. As pointed out in the first half of this point, TheMightyX is very wrong on the definition and assumptions of what market capitalization means.
Quote
Hey you're right, I was tired and didn't think it through there for a second. Marketcap @ 2 million is reasonable, the premine though (even with the intended purpose of facilitating trading) is excessive. It will definitely allow them to manipulate the market as they said they will do - they control 96% of it right now and that control will go down by only about 3% a month at the current rate. Which means that after a year they still control around 62% of all Aircoins in existence (provided that they don't make gains by trading). Don't even know what to think about it anymore, just seems weird.
Don't mince words. The overrall market cap was what I was referring to and I hope you and anyone with an IQ above 80 knew that.
(i.e. at .00115 all the coins in existence would be worth 1150000 BTC or roughly $747,500,000 if all coins were released on day one. Not just the current market cap of available coins).
Since the premine amount is used to manage pump and dump expenditures, it is effectively a mechanism to distribute coins into the market without lowering the exchange rate (or to purchase them back at a higher exchange rate). If we chose a smaller premine, we would have to concede a lower (and decreasing) exchange rate in return. We found this to be unacceptable for an economically viable coin.
However, the entire premine amount will be documented, and is currently available to view in the block explorer. Gains on trading will be released on a regular basis along with data about how the coins have been invested, it is our intention that the more transparency we have on the issue, the greater support (and accountability) we will have from our users.
However, the entire premine amount will be documented, and is currently available to view in the block explorer. Gains on trading will be released on a regular basis along with data about how the coins have been invested, it is our intention that the more transparency we have on the issue, the greater support (and accountability) we will have from our users.
Posting documented information about where coins are or where they are going does not alleviate the valid concerns people have with entrusting nameless, faceless entities with millions of dollars. Just like watching bitcoins stolen from your wallet, you can watch them go indefinitely, but you can never get them back.
Please don't discount my concerns as inflammatory or misguided. Yes I did support this concept at one point in time and still do to an extent. But I have every right to change my opinion after consideration.
Bump
Hi guys! Long time lurker here, been through about 15 coin launches now and decided to create an account merely for the AIRcoin thread.
Really excited to see how this turns out. Nearly every launch i've been a part of has resulted in a near immediate pump and dump, Alexander's strategy in dealing with such circumstances seems overall pristine so far.
Alexander's strategy of keeping a majority of coins controlled by the DEV team is an outstanding one. It is probably the only way to near-guarentee a smooth launch free of market manipulation ( except the benficial manipulation by Alexander and Team ).
This has caused a few readers to bring trust into question... I won't quote anyone directly, but did any of you even read the white paper?
Are you seriously mining coins that you actually haven't put much legitimate thought into? The distasteful responses to this thread are beginnning to seem pre-meditated.
The white paper clearly outlines all steps of development, and in which, Alexander made absolutely no secret of the 0.25% premine. How else was his team supposed to control the market?
Yes, the premine is huge for the initial roll out period, THIS IS NECCESSARY FOR STABLE GROWTH UNTIL THE COIN IS MATURE.
the coin has proven extremely innovative with a lot of firsts, I'll be mining this for a while.
Strongly encourage anyone who has neglected to read the White Paper to read it. I'm sure Alexander worked extremely hard on it, and it shows.
Looking forward to growing a strong community as network hash rate begins to increase from the ridiculously low rate it is at now!
Really excited to see how this turns out. Nearly every launch i've been a part of has resulted in a near immediate pump and dump, Alexander's strategy in dealing with such circumstances seems overall pristine so far.
Alexander's strategy of keeping a majority of coins controlled by the DEV team is an outstanding one. It is probably the only way to near-guarentee a smooth launch free of market manipulation ( except the benficial manipulation by Alexander and Team ).
This has caused a few readers to bring trust into question... I won't quote anyone directly, but did any of you even read the white paper?
Are you seriously mining coins that you actually haven't put much legitimate thought into? The distasteful responses to this thread are beginnning to seem pre-meditated.
The white paper clearly outlines all steps of development, and in which, Alexander made absolutely no secret of the 0.25% premine. How else was his team supposed to control the market?
Yes, the premine is huge for the initial roll out period, THIS IS NECCESSARY FOR STABLE GROWTH UNTIL THE COIN IS MATURE.
the coin has proven extremely innovative with a lot of firsts, I'll be mining this for a while.
Strongly encourage anyone who has neglected to read the White Paper to read it. I'm sure Alexander worked extremely hard on it, and it shows.
Looking forward to growing a strong community as network hash rate begins to increase from the ridiculously low rate it is at now!
http://air.okaypool.com/
Please note: a 0.1 AIR transaction will apply when processing "On-Demand" manual payments.
Why so much?
Aircoin does not have transaction fees.
Please note: a 0.1 AIR transaction will apply when processing "On-Demand" manual payments.
Why so much?
Aircoin does not have transaction fees.This was mentioned (by myself), earlier. Since there are no transaction fees associated with AIRcoin, the transaction fees charged by a pool, are fees kept by the pool operator in addition to your % fees on the coins mined. Whether or not you choose to pay these fees is basically going to come down to the pool you choose to mine in; just one more criteria to consider when choosing a pool.
My apologies to other pool operators, but, when the Specifications of the coin state "No Transaction Fees", we need everyone to be aware that these are not fees charged by the network (AIRcoin), to make sure there is no ambiguity or reason for people to doubt the devs' description of the coin.
I realized this mistake with the default MPOS installation very early on. I actually discovered it and refunded the one miner who had withdrawn funds the .1 AIR, and penalized myself for missing it and paid him an additional .1 AIR. I then made sure I fixed the issue by setting "Transaction fees" to zero.
http://air.okaypool.com/
Please note: a 0.1 AIR transaction will apply when processing "On-Demand" manual payments.
Why so much? Aircoin does not have transaction fees.
Please note: a 0.1 AIR transaction will apply when processing "On-Demand" manual payments.
Why so much?
Aircoin does not have transaction fees. 
WTS 500 AIR, PM me offers.
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