Topic: [ANN] AIRcoin - page 84. (Read 137265 times)

Interesting Point... the market-cap that results out of this parameters will produce a decent buzz ... also if I don't believe, that this will keep people from accepting the given price, if the developers manage to keep it stable at this rate. At least there is no single entity that could dump other than the devs themselves.

Look at AUR, it didn't keep people from buying even though everybody knew (or maybe not everybody ) what is going to happen and that the marketcap is artificially distorted. Do I trust 200.000 Icelanders more than a dev team :-)?   

The "no new features" point could be debated - also if it's right that "stable rising market price" isn't a feature of the coin itself but a feature of the endeavour as a whole.

Regards

I don't think that a dumping-out option at some future point is the intended mean of reward for the dev team  - on the other hand It's clear that they will reward themselves for the work done.

@teamaircoin: How do you reward yourself for the work done? Is there some kind of salary? Do you intend to use the pre mined funds for this? Sorry if this maybe is covered somewhere in whitepaper or somewhere in this thread and I'm not aware at the moment...

I have no trouble agreeing with you X, when money  pile up, ethics usually start to go down. True.... but not always.

What is your solution then? How are we going to reward the DEV Team? or to you think that creating and supporting something should not be rewarded? Don't get me wrong  TheMightyX, I understand your concerns and  share them, but what would be a better solution?

No matter what, you always need to trust at a point, trust that the doctor will not forget a pair of scissors inside your belly, trust that your wife doesn´t fool around with some other guy (or girl), trust that your kid is not smoking something funny, you name it.

This is no different, and if the DEV's make a pile of money, as long as i make some too, i´m happy. After all it was their idea, their initiative, their work... i´m just following along.

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?
When we start getting in to that kind of money, things like morals and ethics have no place.
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.

Yes, this is the time guys.

You will have "lost nothing" but allowed someone to gain everything through untruthful means and profit off of your apathy. You will have supported a great fruitless endeavor. Don't demand accountability, because that would be hard. Who wants to make the world a better place anyway.

We KNOW scammers are gonna scam, but lets just trust them not to because they promised us  

+1

If you believe  the premine  " is exclusively for an investment pool that will day trade the coin ..." then this coin may be the best investment in recent cryptocoins, with the potential to grow in value better than others, as long as the DEV´s keep doing their job.

If you believe the DEV's will dump their 2,500,000 coins at the best opportunity, then it will be just like almost any other coin out there, and I have lost nothing other than a little bit of my time.

I choose to believe the first option, as the DEV seems to be enlightened and intelligent enough see that long term rewards are better than the short term option, however I might be wrong and it wouldn't be the first time to happen.  

Hoping for the best....but prepared for the worst!


 

I also find it alarming that we are trusting the developers with $1,897,500 dollars worth of BTC if people believe their projections.
This means nothing by the way. Whats their incentive to keep going? Why not just sell all the coins and retire to the bahamas?

People, we really need to ask ourselves; is a coin with a cap of 1,000,000,000 going to be released and be worth 0.00115 off the spot?
That would put the market cap at 1,150,000 BTC.... thats $759,000,000

ON DAY ONE!

Reeeaaaallly?

A coin with:

• No new features
• No accountability (identification, recourse)
• No valid use except as a speculative asset

Come on people, lets be realistic here. A few satoshi's sure, but .00115 BTC/AIR?

You're missing the part where the number of initial coins needs to be 1 billion so that their 0.25% premine seems small when actually it is more coins than will be mined during the first 2.5 years of mining.

Great news! Going to cast my vote on the exchanges.

Just requested they add AIRcoin to the voting page of potential coins in the Mintpal exchange.

In light of the sudden growth and immediate response, we are working on improving our internal structure and external image to suit the rapidly-expanding growth of the interest in the coin. This means that you can quickly expect, in the very near future, the following:

1. Website Redesign
2. New Logos and Images
3. A response and update to the original Whitepaper
4. Further improvements to the Wallet
5. Data and publications about AIRcoin's first week
6. Media coverage and QnA sessions
7. Improved forums, Reddit, and other social media.

Additionally, we have instituted a list of Qualified Exchanges. These are exchanges that we will support, offer our services to, and recommend that you, as users, push for AIRcoin's success on.


Qualified:
MintPal
MCXnow
Vicurex
Cryptsy*
Poloniex**

Non-Qualified
Bter
BTC-e
Coinmarket.io
All other exchanges not listed.

* A note regarding Cryptsy: While some users have expressed troubles with Cryptsy, it's interface in the last 4-6 weeks has improved dramatically, especially regarding trade latency. However, if withdrawal and deposit times become a major issue, then we will demote it to Non-qualified status. It is a very polarizing exchange, offering the best in some characteristics and the worst in others. Many other exchanges are preferable, but it is still worth AIRcoin pursuing.
** A note regarding Poloniex: Poloniex has a very low volume, and despite positive response from our users, would likely be unable to hold a majority of the trading on its own.

This is a living list, and will change as demands for the coin change. However, the general requirement for a Qualified exchange are:
1. Clean, fast interface
2. Acceptable API, excellent data and charts
3. A large volume and many altcoins to trade with/against
4. Reliability of Website (Uptime, speed, maintenence)

We now ask that you help pursue the campaigns for entering on these exchanges, starting with the highest priority exchanges (at the top of their respective lists) and moving to the lower ones. We hope by being discriminatory about which exchanges we use, we will help breed professionalism through competition between the exchanges.


This is correct. Arguably, multipools will have a tendency to be indiscriminate about the coins they receive, meaning they will sell faster than regular pool miners' coins, but the difference is not significant because they are both indeed limited by the total blocks per day. The total inflation rate, much more than an individual pool's share of the distributed coins, is of far more concern (and is definitely taken care of in our calculations) to us.

The effect on the price is not a result of the algorithms or code behind it, but of the service built around the exchange. It seems odd to think in those terms, because most coins have absolutely no market services around them whatsoever, leaving the mining algorithms to be the sole bearer of price differentiation.



As outlined in a previous post (page 21) it was mostly due to simplicity. We wanted to focus our efforts improving how the coin was used, and if we could provide reasonable strength against inflation, ASICs would become significantly less of a concern. The original response is quoted below: