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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Aerocoin on January 04, 2014, 10:21:18 PM



Title: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 04, 2014, 10:21:18 PM
Aero Coin

The Currency of Tomorrow




Website: Coming Soon
Github: Coming Soon
Whitepaper: Coming Soon
Email Notifcation list: Aerocoin@gmail.com
Graphics (Logos..etc): Coming Soon


IPO Investment Private - 12.22535272 BTC

As of 1/4/2014 - https://blockchain.info/address/1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ .5btc



Why Aero Coin?

Many of us have seen the beautiful rise and the dreadful decay of this digital currency madness. I would like to post here that X crypto has won Y market share and etc etc. Short story is, no currency is winning, no currency is losing. What caught our interest the greatest, was the project at eMunie. I can, and several of my colleagues can say, we respect those guys (and ladies) for what they are trying to accomplish.

Aero can be compared to eMunie, but greatly differs at the same time. While there will be no mining required for Aero, distribution will be fair as possible for the masses and veterans.
We will successfully launch a revolution amongst the digital currencies of our time; by appealing to.... the masses. The closest currency to appeal to the masses is Doge, very successful meme marketing. But it fell short, and hard.


What is Aero then?

Aero is a "second generation" crypto-currency. We are a team of 10 developers and P.R./Marketing experts (looking to expand). Although several of us have worked and developed several Alternatives to Bitcoin, you may own some of our stuff already.


Right to the point.


All of the deepest and most knowledgeable of all crypto-currency developers share the same fatal flaw, they do not know how to appeal to the masses. We are going to fix this major problem by the simplicity of our engineering and the interactions between the users and the markets. Our interface and wallets will be all through the internet, no need for software whatsoever. Think of what Nxt interface would be like in 5 years, Aero is already accomplishing that. Bitcoin is actually a gigantic log, consistently recording data sources and transferring numbers to a destination. Aero is on-demand, transaction are all instantaneous (Whatever that means) and block-chains will be stored globally on the internet. Every time you log into your wallet, you are fully synched and ready to make transactions. Aero is not trying to create an entirely new block-chains like every other cryptocurrency. Instead, it is trying to make the existing BTC block-chain more attracting and less complex for the novice who is just learning about crypto currencies. Aero will work side-by-side with existing, and go above and beyond any currency you have seen.

As mentioned above, when you log into your wallet, you will be fully synched and your wallet will be acting as a source to secure the block-chain. Similar to Nxt and MSC, but quite different at the same time.


Technical :
Interest - You can't mine Aero, but you will gain % interest on the number of Aeros you sent. Think Bank of America Cash back program*

Tax - To reducing hoarding, there will be a taxation on currency sitting within wallets, this will then be redistributed as an interest % for the interest on transactions.
  There will be a Tax bracket, similar to how an economy functions, i'm not ready to reveal the logistics and %s.

NOTE : This tax is an insignificant number. If you make a transaction, within X amount of months, you will not be taxed. This is also based on income size.


Transactions and Block-chains - When you log into Aero, you are connected to all the block-chains and database of every transaction immediately. Your wallet will be used a resource to help secure and process transactions. (more soon)


Last aspect i finally can announce :

Union - you will be able to safely secure any and all digital currencies within your wallet. How this is supported is with a fee to the Aero Server. You will not be able to spend these currencies to purchase Aero Coins, we will merely act as a bank for your currency. I can safely say Aero will accept eMunie and Bitcoins aswell as all the hard major currencies of the world.


Again, the features you read above are not ready to be fully revealed and discussed by our team. More information will be released on January 6, 2014 when much of our development team returns from the Holidays. This is merely an announcement thread, the ability to get ahead of other investors.


IPO and Investment:

(Aero requires no mining, investors will get a share % of of Aero depending how much is invested)


If you decided to invest: create a secure phrase http://www.xorbin.com/tools/sha256-hash-calculator and include this HASH id in the label of the transaction.

Also send me a PM with the HASH ID. DO NOT include your **Paraphrase**  

Make sure you store this Hash in a secure location, this is how we will disburse the initial investments.

1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ

1) First 1 BTC investor will earn a 2X + % Share in the initial IPO
2) 2 - 10 Investors will earn a 1.5X + % share in the initial IPO
3) All other investors will earn a % share based on their investments.


   How much Aero will be given out?

      A: Total BTC of project received.
      B: How much BTC you sent.
      C: The date you sent BTC, if you send within the first month you will recieve an extra .25% return on your investment


Employment for Aero :

(We will employ upon meeting the qualifications)

1) 2 Highly Skilled Developers needed
2) 4 Customer Representative
3) 1 Project Manager

You can email us at aerocoin@gmail.com

Other minor positions offered :


1)Progress report Traker
2)Solve promotional problems

If you feel you can contribute to Aero in any shape or form, contact us at the email listed above.





A Few Disclaimers

1) We are not responsible for the investment you make, it is a risk. Aero has a very high chance of being successful, or could be doomed for failure. We do not know, we can't tell the future. The Aero Organization will try to be as transparent as possible, and try to fulfill your questions.

2) Aero organization is not committed to any launch date, but we can safely say we are nearing completion. If i had to put a number, i'd say we are 80% done with our work.




Frequently Asked Questions

Will there be software required? No there will be no software required, the entire network will be stored in our quick access online servers, while the majority of the data will be stored offline.

Where is the Whitepaper? As mentioned above, it's coming soon. Our staff is on Holiday vacation, the whitepaper should be available by January 6, 2014.

Why are their so few details? This is merely an end of the year announcement, and if you so chose to invest and get a head of other investors. This thread will be updated as frequently as possible. The development team notifies me when i'm allowed to release new information.

What other currencies have the developers worked for? I can't release that information, it's not at my discretion to do so.




I appreciate your time. This will be updated as the questions and new information arrives.


Title: Re: Aero - The Currency of Tomorrow
Post by: Labro on January 04, 2014, 10:21:54 PM
reserved


Title: Re: Aero - The Currency of Tomorrow
Post by: Hazard on January 04, 2014, 10:22:00 PM
Scam


Title: Re: Aero - The Currency of Tomorrow
Post by: rznag on January 04, 2014, 10:23:22 PM
buy this post


Title: Re: Aero - The Currency of Tomorrow
Post by: NaNaec on January 04, 2014, 10:26:07 PM
reserved scam?


Title: Re: Aero - The Currency of Tomorrow
Post by: Fraxinus on January 04, 2014, 10:26:42 PM
I see its popular to sell posts, pm if you want it.


Title: Re: Aero - The Currency of Tomorrow
Post by: singula on January 04, 2014, 10:27:18 PM
So once the (stripped down) source for NXT is public, time to polish it and sell new shares for a "new" coin under new name?


Title: Re: Aero - The Currency of Tomorrow
Post by: NodeSeperator on January 04, 2014, 10:27:44 PM
Sound like a good way of quick money. Scam


Title: Re: Aero - The Currency of Tomorrow
Post by: eagleEye on January 04, 2014, 10:32:04 PM
Sent 1,000 BTCs


Title: Re: Aero - The Currency of Tomorrow
Post by: MsCollec on January 04, 2014, 10:32:33 PM
RESERVED


Title: Re: Aero - The Currency of Tomorrow
Post by: traderCJ on January 04, 2014, 10:40:25 PM
Oh look another coin


Title: Re: Aero - The Currency of Tomorrow
Post by: ymer on January 04, 2014, 10:42:00 PM
Another "newb" announcing a "new" coin.

This is new.

Will be back when thread is 150+ pages of people wondering why the price crashed.


Title: Re: Aero - The Currency of Tomorrow
Post by: wtman on January 04, 2014, 10:47:34 PM
hee hee hee


Title: Re: Aero - The Currency of Tomorrow
Post by: wizzardTim on January 04, 2014, 11:17:33 PM
Interesting. Too many second gen coins: visacoin, shares, verocoin and soon skycoin and emunie.


Who will win?


Title: Re: Aero - The Currency of Tomorrow
Post by: Len on January 04, 2014, 11:23:21 PM
what a load of shit


Title: Re: Aero - The Currency of Tomorrow
Post by: mr_random on January 04, 2014, 11:28:09 PM
Interesting. Too many second gen coins: visacoin, shares, verocoin and soon skycoin and emunie.


Who will win?

Visacoin is based on the same concept of Aerocoin.

Collect coins from people who missed the NXT train.

I highly suspect both of them are going to be NXT forks or just straight up scams. When NXT was collecting money at least the NXT network was semi operational and you could see CFB tinkering with it. With these new ones it's nothing but empty air from what I can see.


Title: Re: Aero - The Currency of Tomorrow
Post by: subSTRATA on January 04, 2014, 11:39:39 PM
Scam

+1

Even if not, there is "There will be no software required, the entire network will be stored in our quick access online servers"
part which means centralized shit all over again. At any point they might close accounts, deny transaction, just steal cash.

Whoever send them money is using the wrong forum. Please move to PayPal forum or, even better, ask for medical help, thx.


Title: Re: Aero - The Currency of Tomorrow
Post by: defaced on January 04, 2014, 11:40:24 PM
reserved


Title: Re: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 04, 2014, 11:55:20 PM
Scam

+1

Even if not, there is "There will be no software required, the entire network will be stored in our quick access online servers"
part which means centralized shit all over again. At any point they might close accounts, deny transaction, just steal cash.

Whoever send them money is using the wrong forum. Please move to PayPal forum or, even better, ask for medical help, thx.

We appreciate your and everyone's concern about investing in Aero. Rest assured, big announcements with proof will be available on the 6th of January, when our devs return from their vacations. We are just letting the little investors get an early start, with a big stake in the IPO, before the big sharks start biting.


Title: Re: Aero - The Currency of Tomorrow
Post by: dimiro on January 05, 2014, 12:02:31 AM
Looks interesting.

Will wait for more information.


Title: Re: Aero - The Currency of Tomorrow
Post by: singula on January 05, 2014, 12:11:02 AM
And on 6th the dev won't post anything, because he got sick and is in hospital, so please wait one more week and after week just announce "Sorry, our dev was eaten by a flying big shark when he was sunbathing, so we have to hire a new dev to invent the stuff again, and BTW we need more money for that, so please send in more BTC, we have really great ideas!"



Title: Re: Aero - The Currency of Tomorrow
Post by: Protato on January 05, 2014, 12:16:54 AM
I just love how they claim they launched several alts but don't name them, nor associate their main account(s?) to this to give people confidence.
I see big plays for these so called second gen alts.


Title: Re: Aero - The Currency of Tomorrow
Post by: decrypter on January 05, 2014, 12:17:23 AM
A fool and his money are soon parted.

Its called the currency of tomorrow, because tomorrow they will have your $ and you will have nothing.  ;)


Title: Re: Aero - The Currency of Tomorrow
Post by: #R#a#u#t#e# on January 05, 2014, 12:17:52 AM
Scam

+1

Even if not, there is "There will be no software required, the entire network will be stored in our quick access online servers"
part which means centralized shit all over again. At any point they might close accounts, deny transaction, just steal cash.

Whoever send them money is using the wrong forum. Please move to PayPal forum or, even better, ask for medical help, thx.

+1



SCAM!


Title: Re: Aero - The Currency of Tomorrow
Post by: ruletheworld on January 05, 2014, 12:24:50 AM
Can you tell us a little more about your team? Also, you mentioned you're hiring for a lot of positions - does this mean you already have the money or do you plan to raise money through your "IPO"?


Title: Re: Aero - The Currency of Tomorrow
Post by: sva_h4cky0 on January 05, 2014, 05:35:37 AM
oh my gox....... someone please stop all this ipo bullshit  :o


Title: Re: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 05, 2014, 08:07:29 AM
Can you tell us a little more about your team? Also, you mentioned you're hiring for a lot of positions - does this mean you already have the money or do you plan to raise money through your "IPO"?

1) We have 30BTC in funding's for this project, and that came from a single source.

2) The IPO is merely an investment, not used in any shape or form to fund the project. Once live, the BTC will be merged into Aero and will be used for promotional and PR purposes.

2.5) Aero currently has 12.43.. Btc through private and public investments.

3) As for the team, they will be on this thread shortly. January 6th. I answered most questions being asked, Check the bottom F.A.Q. Section.


Title: Re: Aero - The Currency of Tomorrow
Post by: gcolbourn on January 05, 2014, 02:44:42 PM
Quote
IPO Investments - 12.22535272 BTC

I can only see 0.5 BTC here - https://blockchain.info/address/1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ (and that doesn't have a message attached) Where is the rest? 1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ is the address to send to for IPO investments, right?


Title: Re: Aero - The Currency of Tomorrow
Post by: baishishi on January 05, 2014, 04:08:36 PM
blockchain display receives the first time sponsored Posts Published earlier than IPO?

The first time : 2014-01-04 22:40:34
https://blockchain.info/address/1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ

This post Published: January 05, 2014, 06:21:18 AM

 ::) ::) ::)


Title: Re: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 05, 2014, 07:09:47 PM
Quote
IPO Investments - 12.22535272 BTC

I can only see 0.5 BTC here - https://blockchain.info/address/1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ (and that doesn't have a message attached) Where is the rest? 1ESnSft95kAyTgiYxwPSbAaPYnPPzq66LZ is the address to send to for IPO investments, right?

Yes it is

We have 2 other address accounts, where the coins are being held. one for 3 private Investors and The first 5 on bitcointalk that got our IPO bonuses.
The 12.2253272 is pertaining to our intital IPO on these forums.

Tomorrow is the big reveal for Aero, so you could just wait to then to invest.


Title: Re: Aero - The Currency of Tomorrow
Post by: hypostatization on January 05, 2014, 07:14:38 PM
Interest - You can't mine Aero, but you will gain % interest on the number of Aeros you sent. Think Bank of America Cash back program*

Tax - To reducing hoarding, there will be a taxation on currency sitting within wallets, this will then be redistributed as an interest % for the interest on transactions.
  There will be a Tax bracket, similar to how an economy functions, i'm not ready to reveal the logistics and %s.

NOTE : This tax is an insignificant number. If you make a transaction, within X amount of months, you will not be taxed. This is also based on income size.


Transactions and Block-chains - When you log into Aero, you are connected to all the block-chains and database of every transaction immediately. Your wallet will be used a resource to help secure and process transactions. (more soon)

Are there any protections against users creating multiple wallets and sending transactions back and forth between them in order to earn interest?


Title: Re: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 05, 2014, 07:38:17 PM
Interest - You can't mine Aero, but you will gain % interest on the number of Aeros you sent. Think Bank of America Cash back program*

Tax - To reducing hoarding, there will be a taxation on currency sitting within wallets, this will then be redistributed as an interest % for the interest on transactions.
  There will be a Tax bracket, similar to how an economy functions, i'm not ready to reveal the logistics and %s.

NOTE : This tax is an insignificant number. If you make a transaction, within X amount of months, you will not be taxed. This is also based on income size.


Transactions and Block-chains - When you log into Aero, you are connected to all the block-chains and database of every transaction immediately. Your wallet will be used a resource to help secure and process transactions. (more soon)

Are there any protections against users creating multiple wallets and sending transactions back and forth between them in order to earn interest?

There are a few measures to protect against this scenario.

The more transactions you make, in a real-world scenario the better the system is to recognize a legitimate transaction and award a higher %. There will be a Tier system, in which your account will be scored on. I believe the tiers go all the way up to 5.

Let's say, you and a friend want to make several transactions and collect interest for each other. So you send each others accounts balances back and forth to try to generate the interest. Well, you will only collect interest on 1 transaction in a 72 hour period to X account.

If this happens every 72 hours, the system will recognize a falsified transaction and not award any interest. This will help protect against companies generating interest on every transaction, while paying employees. Just an example.

In general:
You will not be able to collect interest on more than 3 transactions, totaling 10,000 Aero in a 24 hour period. You can make 1 transaction for 30,000 aero and collect a larger percent interest or several small transactions. None the less, the interest is insignificant.  

This is for a tier 1 account (which i'll discuss later)

a Second countermeasure is where the transaction is coming from. We can screen for proxies and IP addresses, since this is an online built system (The easiest check)

I believe there are about 8 other checks in order to gain an interest or Taxation. I've glimpsed at the code and it's intriguing.


This is a small sample of the countermeasures of the system. When we fully reveal interest and taxation, we hope most people will be very pleased on they way we proceed about it.


Let me clarify anything, keep asking questions if you have any.


Title: Re: Aero - The Currency of Tomorrow
Post by: hypostatization on January 05, 2014, 07:51:45 PM
Are there any protections against users creating multiple wallets and sending transactions back and forth between them in order to earn interest?

There are a few measures to protect against this scenario.


I appreciate the response.

The more transactions you make, in a real-world scenario the better the system is to recognize a legitimate transaction and award a higher %. There will be a Tier system, in which your account will be scored on. I believe the tiers go all the way up to 5.

Let's say, you and a friend want to make several transactions and collect interest for each other. So you send schoolteacher's balance back and forth to try to generate. Well, you will only collect interest on 1 transaction in a 72 hour period to X account.

In general:
You will not be able to collect interest on more than 3 transactions, totaling 10,000 Aero in a 24 hour period. You can make 1 transaction for 30,000 aero and collect a larger percent interest or several small transactions. None the less, the interest is insignificant. 

This is for a tier 1 account (which i'll discuss later)

Are users able to create 4 accounts to use for daily full balance transfers in order to circumvent this protection?

Assuming an API is available, it seems this would be trivial to dodge the tax system and earn interest.

a Second countermeasure is where the transaction is coming from. We can screen for proxies and IP addresses, since this is an online built system (The easiest check)

Is this database and validation system distributed or centrally controlled?

How can users address false positives?

I believe there are about 8 other checks in order to gain an interest or Taxation. I've glimpsed at the code and it's intriguing.

This is a small sample of the countermeasures of the system. When we fully reveal interest and taxation, we hope most people will be very pleased on they way we proceed about it.

Listing all countermeasures as soon as possible, as well as their method of implementation, will be in this project's best long term interest. Until those are communicated and digested by the community, my biggest fear is that there may be a large conceptual flaw that makes it trivially easy to gain the system.

Let me clarify anything, keep asking questions if you have any.

Could you please provide example criteria for the different tiers?


Title: Re: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 05, 2014, 08:10:01 PM
Are there any protections against users creating multiple wallets and sending transactions back and forth between them in order to earn interest?

There are a few measures to protect against this scenario.


I appreciate the response.

The more transactions you make, in a real-world scenario the better the system is to recognize a legitimate transaction and award a higher %. There will be a Tier system, in which your account will be scored on. I believe the tiers go all the way up to 5.

Let's say, you and a friend want to make several transactions and collect interest for each other. So you send schoolteacher's balance back and forth to try to generate. Well, you will only collect interest on 1 transaction in a 72 hour period to X account.

In general:
You will not be able to collect interest on more than 3 transactions, totaling 10,000 Aero in a 24 hour period. You can make 1 transaction for 30,000 aero and collect a larger percent interest or several small transactions. None the less, the interest is insignificant.  

This is for a tier 1 account (which i'll discuss later)

Are users able to create 4 accounts to use for daily full balance transfers in order to circumvent this protection?

Assuming an API is available, it seems this would be trivial to dodge the tax system and earn interest.

a Second countermeasure is where the transaction is coming from. We can screen for proxies and IP addresses, since this is an online built system (The easiest check)

Is this database and validation system distributed or centrally controlled?

How can users address false positives?

I believe there are about 8 other checks in order to gain an interest or Taxation. I've glimpsed at the code and it's intriguing.

This is a small sample of the countermeasures of the system. When we fully reveal interest and taxation, we hope most people will be very pleased on they way we proceed about it.

Listing all countermeasures as soon as possible, as well as their method of implementation, will be in this project's best long term interest. Until those are communicated and digested by the community, my biggest fear is that there may be a large conceptual flaw that makes it trivially easy to gain the system.

Let me clarify anything, keep asking questions if you have any.

Could you please provide example criteria for the different tiers?

1) No, each transaction is tracked. Assuming the full balance is sent. If X sends to Y an interest is gained for X. If Y tries to send to Z, No interest is gained until 3600 confirmations occur for Y. That could take up to 3 days. If Y then sends to Z after the confirmations Y gains an interest. If Z tries to send that initial balance from X to A. The confirmations is doubled. Now, this is assuming that the full balance is trying to be sent. It will gradually scale to the amount sent from each transaction, a low transaction will require less confirmations to generate an interest.

2) Distributed, Like the NXT client. Each user may login and confirm transactions to gain an interest. The interest gained from protecting the system via your wallet will generate you an interest.

3) Absolutely. Security has always been the major focus for Aero. We have built the system from scratch and are consistently adding new security measures. When in Alpha, we will get a greater understanding on where we stand with this. Without testing on a large base, there is no proof any measure works correctly or as intended.

4) I can't go into a full in-depth details, because this is beyond what i'm suppose to reveal.

Tiers are based on several factors. The major is account age and number of legitimate transactions (Getting Aeros to flow through the network)

Tier 1 - Is the default for every brand new account. And will generate minimal interest, with the highest taxation.

Tier 2 - After 90 Days occur and or 20 transactions occur, you will be bumped into tier 2.

and so on so forth. With every tier you are awarded account bonuses and will have more flexibility with your wallet.

Again i can't go into full details, I can only explain just what it is.


Title: Re: Aero - The Currency of Tomorrow
Post by: hypostatization on January 05, 2014, 08:58:04 PM
Great info, thanks!

1) No, each transaction is tracked. Assuming the full balance is sent. If X sends to Y an interest is gained for X. If Y tries to send to Z, No interest is gained until 3600 confirmations occur for Y. That could take up to 3 days. If Y then sends to Z after the confirmations Y gains an interest. If Z tries to send that initial balance from X to A. The confirmations is doubled. Now, this is assuming that the full balance is trying to be sent. It will gradually scale to the amount sent from each transaction, a low transaction will require less confirmations to generate an interest.

I look forward to hearing more, but still clear lack understanding of how this system will not be vulnerable to users creating many wallets and transferring money between them in a systematic way. It seems users may just need many wallets and carefully timed automated transfers to abuse the system?


Title: Re: Aero - The Currency of Tomorrow
Post by: Aerocoin on January 05, 2014, 10:24:26 PM
Once you show me some proof that this exists, i'll invest. It's a very attractive project.

But for now, it's a scam in my eyes. Vero, Aero is the Visa coin guy

We have no affiliation with Visa, Vero or any other currency claiming to be "2nd generation."

Great info, thanks!

1) No, each transaction is tracked. Assuming the full balance is sent. If X sends to Y an interest is gained for X. If Y tries to send to Z, No interest is gained until 3600 confirmations occur for Y. That could take up to 3 days. If Y then sends to Z after the confirmations Y gains an interest. If Z tries to send that initial balance from X to A. The confirmations is doubled. Now, this is assuming that the full balance is trying to be sent. It will gradually scale to the amount sent from each transaction, a low transaction will require less confirmations to generate an interest.

I look forward to hearing more, but still clear lack understanding of how this system will not be vulnerable to users creating many wallets and transferring money between them in a systematic way. It seems users may just need many wallets and carefully timed automated transfers to abuse the system?

The interest becomes more insignificant the more Aero's you have. I'll let the devs explain it in explicit detail when they are ready to fully reveal it.