In addition to my questions above I'd like to ask another. Where does TeamAir see themselves WRT SEC regulations? http://www.sec.gov/divisions/marketreg/bdguide.htmI ask because the concept is a bit different, but as there will be a managed basket of coins (unless I have misunderstood), it may raise such issues. |
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So to summarize, the coin is designed for merchants use but it is no where ready for such task yet. Thanks. One of the things that jumps out at me about this coin is that it is being clearly mareketed as an investment. Notwithstanding that it may have uses in the market place. The more I think about it the more my main concern is that by marketing it as an investment they may run foul of the authorities. I wonder can one of TeamAir explain what they understand their legal situation is. Is it ok in the United States to call AIR an investment? |
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Right now the Aircoin team and the community should try to device a way to spend the coin for things to stimulate it's circulation (As others have suggested).
However the coin (and I'm happy to be shown to be wrong on this) is not intended to be "spent". It's intended to be something that can be invested in. Is is relying on other coins being "spent" |
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I'm sorry Cryptosapien, but we do need criticism (even trolls) here - if the coin can't fend off criticism here it stands no chance in the wider world.
Constructive criticism is a good good thing.... but unfortunately i haven't seem much of it. Trolls really i have no patience to them...maybe you are younger than me  If anyone wants Aircoin regulated then IMO they should consider how a regulator might consider each aspect of the operation. Do you think it's possible a regulator might see an issue? If Aircoin were regulated and people lost money then one should consider how each aspect will look then. How will it look afterwardsI think that is worth considering. They might be taking a model from another financial market (market making) and applying it to a different animal. What might not be seen as wrong in another market may be seen as questionable with Aircoin because the coin that is sold is a created coin, so one doesn't incur the same liability |
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A note on CDOs, CDOs were a huge issue because they were being stamped as AAA investments, You've seen the Muppet Show haven't you? Somehow the banks ignored their conflict of interest, and it ended very badly for investors. |
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What we have provided, by definition, is reasoning, evidence, and explanation. However, if the amount we haven't provided isn't sufficient enough for you, or if you don't agree with what we have provided, then do not buy AIRcoin. I think I will buy some. In fact I bought as low as 0.001 just before, off some poor soul who panicked because the promised support was absent We sell small portions of the premine when necessary to prevent a price spike early on, as a mechanism of price stabilization. We don't sell when the market is falling, as it would defeat the purpose. The price would fluctuate more (crashing harder after higher rises) if we did not sell during spiking periods. I can understand that might be good (for some), but, you have not dealt with the huge conflict of interest. You pump the coin and then sell spikes! |
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I forgive you. Maybe its my MSc Finance and being at the 'right hand' of real power that lets me know that Alexander is 100% correct. The 10billion Crypto is peanuts to the big boys. Perhaps you should stop showing your lack of experience and instead learn a thing or 2  I worked for a global Investment bank for 9 years. I'm well aware of the fact it's peanuts. But my experience in life is a little wider than that stint, and I know that money can't buy you some things. Money can't buy you the ground that Bitcoin has taken. No Investment bank could possibly have dome what they have done, no matter how much money they threw at it. |
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I am not sure what parts you are reading, but I don't know how many more ways it can be said other than a one liner. Yes, they sell the premine for BTC to inject back into the market and invest in other opportunities to make more BTC, etc. They started with some BTC.
If they started with BTC then why do they need to sell AIR to investors from premine? Unless they didn't start with much BTC. I mean they have pumped the product then sold to buyers. Then the price has collapsed and some poor buyers have panicked and dumped. You don't see a conflict of interest? Isn't that what the banks were criticized for. Pumping CDO's and selling them to clients? |
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Thanks for the answers. This clears things up for me. Looking forward to "AIRcoin: The First 24 Hours"!
This coin could be fun to trade. We have already a severe shock which the experts did not forsee. So confidence will be shaky. Then we have some kind of commitment to support the coin, which will probably come into conflict with sensible trading. But I think the problem is teamAIR want to impress the bankers but the white paper is so patronizing and condescending towards the crypto community. Not a recipe for success IMHO |
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If you want to know how Bitcoin is going to be regulated, or how seriously it is taken in financial business, you have to ask the people with the power to do it. If only we lived in a democracy. We could tell them how to do it. Oh well. These companies,overnight, can assemble a team of developers and pay them more money than the entire cumulative value of the entire Bitcoin Foundation, and within weeks, develop a financial weapon that would end the future of Bitcoin as we know it. No they can't. Alexander, you have provided no reasoning, no evidence, no explanation. All you seem to have is a belief in the omnipotence of these guys, which you insist everyone must share. |
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This is from the OP on page 1.
The 0.25% premine is exclusively for an investment pool that will day trade the coin (in various forms) against other cryptocurrencies. By growing the total BTC equivalent of this coin, the profits will be spend back on the AIR/BTC exchange rate, buying up for sale coins and raising the exchange rate long term. The Allied Investors trading floor, utilizing existing Cryptocurrency markets, can increase the rate by 5% per week. This approximately doubles the exchange rate every 3 months.
So did you sell AIR in the market to get BTC. I actually don't care but it would be nice to clear it up. Thanks |
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does that mean u sell the premine for BTC profit in order to bounce the market back 
What does that mean? Could you please answer my question with a yes or no? Thank u! otherwise I am out, no transparency is a no go Did they begin with BTC in the pool or did they sell the premine for BTC?? |
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Wasn't the automated trading program supposed to provide liquidity ? Spread is huge right now.
I'm also wondering where the team of highly skilled traders is. Wait... Not working in shifts ?
I hope I'm wrong and there is angood explanation for this.
I'm sending some BTC over to poloniex
We saw nearly 1000 coins dumped at once, without warning, dropping the price down to .001, There was something of a warning though. We first saw the bid thin out. Then no substantial bids for quite a few minutes. Then sales being ticked down, and no one coming in to support the market. I was bidding and kept pulling my bid back as the small bids underneath me vanished form the screen. That is just the kind of situation and experienced trader would know could lead to a panic. It's not about the 1000 coin dump but also about the way the market began to look very very soft, and with it being a new controversial coin that's exactly when we might see exactly what happened |
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Thanks for your cheap coins. Bought @0,001 Now fasten seat belts. Well done. I only got scraps there, but more a little higher |
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Hey Aircoinnguys, this is where you step in to prevent a crash !
AIR is one BTC away from crashing BAD
Thanks for the tip. Even I bought some @ 0.001  |
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A few remarks from the whitepaper. Yet, from my own contacts at three of the largest financial institutions, I had confirmed my fears:
Bitcoin, in its current state, was unusable as a financial asset So the boneheads who brought us the Global Financial Crisis, who can't even turn a profit without a government "subsidy", who are being bailed out, still, as we speak by selling their toxic MBS's to the Fed, think it won't work. http://www.bloomberg.com/news/2012-06-18/dear-mr-dimon-is-your-bank-getting-corporate-welfare-.html[Suspicious link removed]j.com/news/articles/SB10001424052702303763804579183680751473884 The "suspicious link is this article... Andrew Huszar: Confessions of a Quantitative Easer, and can be found with google. Why would anyone take what they have to say on this seriously? These companies,overnight, can assemble a team of developers and pay them more money than the entire cumulative value of the entire Bitcoin Foundation, and within weeks, develop a financial weapon that would end the future of Bitcoin as we know it. Well I agree these guys are pretty good at destroying things, but Alexander you really need to explain what you are raving about here, rather than scare-mongering. |
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http://teamaircoin.org/about/#toggle-id-9In an ideal case, every time another coin goes through a pump and dump, the AIRcoin team is paying close attention to the market and will use the opportunity to grow the investing pool. This means that while investing in AIRcoin, you are effectively investing in every coin as it is pumped, and selling every coin right before it dumps. So if the expert team or black box, manages to make some gain, how is that gain guaranteed to end up in the pocket of Aircoin holders?
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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
I'd like to ask a few questions to make sure I'm reading your post correctly. Sure  I neither believe it is or isn't would be the best answer. It's an experiment. Or do you consider any form of decentralization beneficial by nature, regardless of the economic principles behind it? You are putting up a false dichotomy here though aren't you? Nothing I wrote indicated I must believe one or the other. Do you find algorithmic trading itself, to be wrong, No or just the use of it in Cryptocurrency? No. I'm not moralising about algo trading. The space will IMHO become very crowded if it isn't already. The barrier to entry is very low. To be able to say what "should" or "shouldn't" be done, you need some goal, or some comparative metric. But I didn't say what "should" or "shouldn't" be done. While a peer-to-peer money transfer system is exciting technology, there's a lot of problems that prevent its widespread adoption, most of them outlined in the whitepaper for AIRcoin. ( http://www.teamaircoin.org/whitepaper.pdf). You have some curious theories. And though I wish you well I'm not sure most are anything but theories. But, let's test them out in practice. A few notes before details,however; AIRcoin doesn't make other cryptocoins more centralized. I did not say it did. It's concept is, in some ways, more centralized in that there is an accountable authority that helps protect the coin .Who are you? Why should we trust you? It is an attempt at an economically viable means of transaction that can be both accepted and adopted beyond the relatively small hobbyist and speculative market that Bitcoin has. I wish you well with that. Your questions are qualitative, as in, they deal with opinion and what you think "should" or "shouldn't" happen .Funny though that you didn't quote me but re-wrote what you seemed to think I was saying. I actually didn't ask any questions. If you take a minute and elaborate, tell us little more information about your opinions, it could explain why you have these concerns, then we can have a starting point for a good discussion. My concerns are that you are not disclosing who you are for a start and that there is nowhere near enough transparency about your methodology. I also think the algo space will probably become too crowded, and that this will impact any projections you've made. So, would you mind speaking a bit more about it?
- Alexander
Are you and your team doing this for free? If not can you explain how you will be remunerated? Good luck with it. I'll watch for now. |
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Glad to run into this by chance.
Probably one of the few altcoin released lately that deserve some praise.
What praise would you have for it? |
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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
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