[ANN][exchange] alcurex v2.0.1

[sakkosekk]

I highly disagree with AuroraCoin no matter how much volume it has, that is the biggest scam coin there is at the moment

You are right, we should not add Auroracoin since the volume might be artificial, volume might collapse soon. We need coins that has been there for a long time and continue to be traded by other people.

Bitcoin, Litecoin, Peercoin, Dogecoin, and Namecoin. These are the most trusted coin so far.

And miss out on the high volume? IE: Auroracoin, spaincoin, blackcoin all has volume above 100 btc on mintpal. They have even touched into the 1000`s. We make more money with more volume, thus we should be early on listing high-volume coins.  But, we should be quick to replace btc-markets that is dying with another cross, say ltc.

And auroracoin is a scam? I don`t know, but so what. We are here to make money, we need to offer the users what they want, and looking at volume and interest, people want auroracoin.

My biggest fear: end up like mcxnow; great exchange, but only if you trade maxcoins.

You are not following us; We want to stand out as the major player, not the average exchange where kids can trade their fun-money. The thing I bolded out - are you serious? As a professional that made me cringe :/  I believe you bought shares in the wrong company man.

[familiaverde]

Dont forget ECCoin ...

Let's go green

[mammix2]

Hey please could you add our coin C-Coin to the exchange.

https://bitcointalk.org/index.php?topic=474570.0

Thanks

[ocean]

I highly disagree with AuroraCoin no matter how much volume it has, that is the biggest scam coin there is at the moment

You are right, we should not add Auroracoin since the volume might be artificial, volume might collapse soon. We need coins that has been there for a long time and continue to be traded by other people.

Bitcoin, Litecoin, Peercoin, Dogecoin, and Namecoin. These are the most trusted coin so far.

And miss out on the high volume? IE: Auroracoin, spaincoin, blackcoin all has volume above 100 btc on mintpal. They have even touched into the 1000`s. We make more money with more volume, thus we should be early on listing high-volume coins.  But, we should be quick to replace btc-markets that is dying with another cross, say ltc.

And auroracoin is a scam? I don`t know, but so what. We are here to make money, we need to offer the users what they want, and looking at volume and interest, people want auroracoin.

My biggest fear: end up like mcxnow; great exchange, but only if you trade maxcoins.

You are not following us; We want to stand out as the major player, not the average exchange where kids can trade their fun-money. The thing I bolded out - are you serious? As a professional that made me cringe :/  I believe you bought shares in the wrong company man.

Of course I`m serious, did you buy shares in this to make a difference in crypto? You didnt believe that this could be a good source of income? I see that I sounds like an idiot in the sentence above, but I`m trying to prove a point. In crypto, everything moves so fast, so don`t be to quick saying that a month or few weeks old coin isnt worthy enough, or a scam, without doing your research. Litecoin was new once, you know.

And I agree with some of the things you say, i don`t want this to turn out as cryptorush. But I also don`t want it to end up like mcxnow (unusable in terms of trading) . Do you get what I`m getting at? What I`m trying to say is: to attract new customers, we need the coins that are popular, aswell as the established coins. Or do we have something truly unique to offer right away, that people can`t live without? There is no plan for advertising as I can tell either, so you think people are just going to pop over by themself? Just look at coinex, hacked for a second time. People are very wary using new exchanges, and they should be.  

I bring up mintpal a lot, cause some of the stuff they are doing are great. I know a lot of people that have moved their entire business over to mintpal from cryptsy, because you can trade popular and innovative coins, they are fast, the charts are great and it is easy to use. They have indeed added to many "shit-coins" (not scams), but that is probably a result of the voting-process.

So, to conclude, and this is my opinion: what we need is a well-balanced mix of btc-e and mintpal, with features from bitfinex. We need to offer everything people need in one place, so they don`t have to withdraw their bitcoin from one exchange to short it on another, and then transfer to a third after a few days to buy the new exciting coin. Only then, will we be a major player.

[schnötzel]

@ocean:

"...In crypto, everything moves so fast, so don`t be to quick saying that a month or few weeks old coin isnt worthy enough, or a scam, without doing your research...."

Right - if a coin can prove a devteam and or something unique!

Unfortunately Auroracoin, spaincoin, blackcoin are not.  

There are enough coins out there. And don´t be fixed on the currently marketcap - good coins are underpriced caused of the shitstorm!

[sakkosekk]

Of course I`m serious, did you buy shares in this to make a difference in crypto? You didnt believe that this could be a good source of income? I see that I sounds like an idiot in the sentence above, but I`m trying to prove a point. In crypto, everything moves so fast, so don`t be to quick saying that a month or few weeks old coin isnt worthy enough, or a scam, without doing your research. Litecoin was new once, you know.

And I agree with some of the things you say, i don`t want this to turn out as cryptorush. But I also don`t want it to end up like mcxnow (unusable in terms of trading) . Do you get what I`m getting at? What I`m trying to say is: to attract new customers, we need the coins that are popular, aswell as the established coins. Or do we have something truly unique to offer right away, that people can`t live without? There is no plan for advertising as I can tell either, so you think people are just going to pop over by themself? Just look at coinex, hacked for a second time. People are very wary using new exchanges, and they should be.  

I bring up mintpal a lot, cause some of the stuff they are doing are great. I know a lot of people that have moved their entire business over to mintpal from cryptsy, because you can trade popular and innovative coins, they are fast, the charts are great and it is easy to use. They have indeed added to many "shit-coins" (not scams), but that is probably a result of the voting-process.

So, to conclude, and this is my opinion: what we need is a well-balanced mix of btc-e and mintpal, with features from bitfinex. We need to offer everything people need in one place, so they don`t have to withdraw their bitcoin from one exchange to short it on another, and then transfer to a third after a few days to buy the new exciting coin. Only then, will we be a major player.

I bought shares in this company because their statement stood out form the rest of the crowd. It stands out from your approach as well. No one is making a difference in crypto by adding potential shit coins, that would be doing the same thing as all the others.. Don't expect different results from repetitive behaviour, it is impossible.

I am thinking in the long run, you in the short run, and you ask me to not be quick? I am not following you I'll do my research and you do yours. You will eventually find out who has pumped the coins you are promoting. Think ethics and imagine Alcurex in five years; Can a major player survive that long if they actively aid in pump and dumps? Could NASDAQ (or any other exchange) survive if they knowingly and willingly aided in pumping and duping values? Once this market is regulated un-serious players will die over night. Be a visionary.

Besides, as a next gen. exchange I don't see much room for more scrypt coins. ASICs are up, new algos are emerging, the future is here

[schnötzel]

+1

Question:
Is alcurex only in english?

In my opinion we need: english,france, german,spain, maybe chinese and russian.
As a newbie a site in my mother language would be much more attractive to me.

Edit:

Have a look which/ how many coins are there. It´s almost perfect. About 20-30 coins are enough. No really shitcoins, only miss some good ones.

[BeeFer310]

I have something to add to this conversation.
I think you are both right in some ways but I like the idea of alcurEX being a mixture of BTC-e and Mintpal most.

AlcurEX will offer leverage trades and this is a big feature which stands out from the rest.
But leverage is not a feature for the average Joe, it is a financial instrument which higher the risk.
It is a tool for speculators and because of this we should have coins which are mostly traded by them.

AlcurEX is not here to change the cryptoworld. Coins like AUR will rise and fall and as a good exchange you should give your user a possibility to profit from this.

I neither like this idea of heaving only 5 trading pairs nor having 50+
There should be a balance to keep this exchange something valuable.

Heaving the biggest coins by volume is a good way to start.
Another thing should be a fast behavior when it comes to new and promising coins which are not listed on bigger exchanges.
Very important is to remove dead markets of the exchange to keep the amount of all trading pairs at a low level.

We need to set some rules for this topic by voting and then everybody can decide if he/she wants to sell their shares

[schnötzel]

word!


"..Another thing should be a fast behavior when it comes to new and promising coins which are not listed on bigger exchanges...."

We can do this in a way like : "special coin of the week (or month i hope after shitstorm is over)".

 
"...We need to set some rules for this topic by voting and then everybody can decide if he/she wants to sell their shares.."

As i said next to last:

1: Dev - team?
2: Something unique
3:....

[Del137]

About coins to add:

RAD - Radcoin  - Radioactivecoin  (scrypt jane also)
FRQ - Fairquark  (CPU)
DRK - Darkcoin   (CPU)

[sakkosekk]

+1

Question:
Is alcurex only in english?

In my opinion we need: english,france, german,spain, maybe chinese and russian.
As a newbie a site in my mother language would be much more attractive to me.

Very good point, especially Chinese. Imagine Alcurex as the most popular western-exchange in China. That is a nice tag.

AlcurEX will offer leverage trades and this is a big feature which stands out from the rest.
But leverage is not a feature for the average Joe, it is a financial instrument which higher the risk.
It is a tool for speculators and because of this we should have coins which are mostly traded by them.

AlcurEX is not here to change the cryptoworld. Coins like AUR will rise and fall and as a good exchange you should give your user a possibility to profit from this.

I neither like this idea of heaving only 5 trading pairs nor having 50+
There should be a balance to keep this exchange something valuable.

Heaving the biggest coins by volume is a good way to start.
Another thing should be a fast behavior when it comes to new and promising coins which are not listed on bigger exchanges.
Very important is to remove dead markets of the exchange to keep the amount of all trading pairs at a low level.

This is what made coinmarket what it was before the fail. Same with mintpal, so I assume this will happen. (anything else would be silly) It is the best way to attract new users besides advertising/promotion etc.

Introducing leverage and getting USD payment is changing the cryptoworld, so I obviously disagree with you on that one.

Five trading pairs is way too little, there will be no volume. Starting with 50 is too close to cryptorush. We have to decide between this; (the numbers are just to clarify and make it relative)

• A: Few coins(1-10) listed from launch and adding the new and popular ones as time/trades goes by
• B: Some coins(11-20) listed from launch and adding/removing as time/trades goes by
• C: Many coins(31-100) listed from launch and remove the minor ones as time/trades goes

Alcurex will of course do all of this continuously, this is strictly regarding the launch. A proven success formula is option A or B.


Another option regarding coins; Alcurex could list more established coins in one section (LTC, PPC, XPC, VTC & others) and less established coins(PIGGY, FLAPPY, AUR +++) in another section. This is just visual, a way for us and traders to easily see what is new(and therefore risky) and not. This way we can distinguish between real coins and potential shitcoins/pump and dump coins. Once a coin has proven it is more than a pump(good community, Dev, innovation, progress etc) they can be bumped up to the established section. This way Alcurex can allow bad coins to be traded and still be a serious player. (no smearing of the Alcurex brand even if a Dev dumps a premine). Make it clear for traders there is a certain risk associated with trading in the new section.  What do people think of this?

[halibit]

I just came from bank.
They accept our business and we have bank account for alcurEX.
alcurEX is now official exchange company in every legal way
Company register number: Y 2612007-8

[BeeFer310]

Great news!

When is the webpage ready to start doing business?

[schnötzel]

"throwing confetti"


Pretty good news!!

Good work!

"throwing confetti"

[sakkosekk]

I just came from bank.
They accept our business and we have bank account for alcurEX.
alcurEX is now official exchange company in every legal way
Company register number: Y 2612007-8

Good work MCR and halibit!

[halibit]

Great news!

When is the webpage ready to start doing business?

I just talk with coders. They are stuck for some issue with wallets.
Site seems to be pretty ready. Can't say more. It's up to coders now.

[ocean]

Of course I`m serious, did you buy shares in this to make a difference in crypto? You didnt believe that this could be a good source of income? I see that I sounds like an idiot in the sentence above, but I`m trying to prove a point. In crypto, everything moves so fast, so don`t be to quick saying that a month or few weeks old coin isnt worthy enough, or a scam, without doing your research. Litecoin was new once, you know.

And I agree with some of the things you say, i don`t want this to turn out as cryptorush. But I also don`t want it to end up like mcxnow (unusable in terms of trading) . Do you get what I`m getting at? What I`m trying to say is: to attract new customers, we need the coins that are popular, aswell as the established coins. Or do we have something truly unique to offer right away, that people can`t live without? There is no plan for advertising as I can tell either, so you think people are just going to pop over by themself? Just look at coinex, hacked for a second time. People are very wary using new exchanges, and they should be.  

I bring up mintpal a lot, cause some of the stuff they are doing are great. I know a lot of people that have moved their entire business over to mintpal from cryptsy, because you can trade popular and innovative coins, they are fast, the charts are great and it is easy to use. They have indeed added to many "shit-coins" (not scams), but that is probably a result of the voting-process.

So, to conclude, and this is my opinion: what we need is a well-balanced mix of btc-e and mintpal, with features from bitfinex. We need to offer everything people need in one place, so they don`t have to withdraw their bitcoin from one exchange to short it on another, and then transfer to a third after a few days to buy the new exciting coin. Only then, will we be a major player.

I bought shares in this company because their statement stood out form the rest of the crowd. It stands out from your approach as well. No one is making a difference in crypto by adding potential shit coins, that would be doing the same thing as all the others.. Don't expect different results from repetitive behaviour, it is impossible.

I am thinking in the long run, you in the short run, and you ask me to not be quick? I am not following you I'll do my research and you do yours. You will eventually find out who has pumped the coins you are promoting. Think ethics and imagine Alcurex in five years; Can a major player survive that long if they actively aid in pump and dumps? Could NASDAQ (or any other exchange) survive if they knowingly and willingly aided in pumping and duping values? Once this market is regulated un-serious players will die over night. Be a visionary.

Besides, as a next gen. exchange I don't see much room for more scrypt coins. ASICs are up, new algos are emerging, the future is here

But what and who determines what a "shitcoin" is? The market. The market tells me that they don`t think i.e. blackcoin is a shitcoin, based on volume, marketcap and general interest. Which coins will still be alive in 2 weeks, 6 months or 1 year from now, no-one can foresee. The market will decide, not the exchange. Or should we decide for the market? Saying that only low volatility and stable coins is worth listing on our exchange? Saying that on our exchange, we doesnt believe in coin x,y,z, because we think they will be gone in a while, or we will see a large priceincrease, then it will get a dump and die? What coins will maintain it`s price and current volume in 3 months? If you have this ability though, I`m jealous of you.

I`m not going to go into this to deep, but look at two coins everyone believed in: worldcoin and fastcoin. What happened there? Are they shitcoins? Who could have seen that coming? At the time, should the exchanges not list the coins "just in case"?

And i disagree with you, an exchange can not possible "aid in pump and dumps", they only make it available for trade on the market. Whether or not some players decide to pump and/or dump it, you cannot blame the exchanges. The manipulation is another part of course, falsifying information like telling the world that mcdonalds has an agreement with takcoin, to get a price-increase will be dealt with when regulation is in place (if/when that happens). A control-organ would investigate the price-increase or decrease, but a lot of the times it`s just normal activity. Especially in stocks with low liquidity.

You make the parallells to nasdaq as an example, are you telling me "pumps and dumps" are not occuring in the stockmarket? There is high and low volatility in different stocks, and price-increase and -decrease.

This is getting out of hand, even though I love discussing the topic.

But, lastly, a conclution on my part: Alcurex can not be an exchange sitting on it`s high horse and try to dictate what coins are good or not. That`s not being visionary, that`s being naive. We need to follow the markets and the trends, to even get it started with a customerbase and retain it. From the IPO: "
The exchange features a variety of different currencies to choose from and will keep forever growing as new promising cryptocurrencies are released. The exchange will still maintain a set of established cryptocurrencies."

[Del137]

I just came from bank.
They accept our business and we have bank account for alcurEX.
alcurEX is now official exchange company in every legal way
Company register number: Y 2612007-8

Good work MCR and halibit!

Cool news!!!   Thank you halibit!

[ocean]

Another option regarding coins; Alcurex could list more established coins in one section (LTC, PPC, XPC, VTC & others) and less established coins(PIGGY, FLAPPY, AUR +++) in another section. This is just visual, a way for us and traders to easily see what is new(and therefore risky) and not. This way we can distinguish between real coins and potential shitcoins/pump and dump coins. Once a coin has proven it is more than a pump(good community, Dev, innovation, progress etc) they can be bumped up to the established section. This way Alcurex can allow bad coins to be traded and still be a serious player. (no smearing of the Alcurex brand even if a Dev dumps a premine). Make it clear for traders there is a certain risk associated with trading in the new section.  What do people think of this?

This is somewhat a good idea, but how would you categorize them? I don`t think people have any idea about the date a coin was released, unless they do a background-check. Tradingvolume the last x weeks? Most famous in reddit? How would they find the coin they are looking for? It needs to be very intuitive, if the users has to search and click around a lot between the markets and submenus, they get annoyed. Accessibility is key.

And again, you mention "bad coins". If that is what the category get known as in the public, as what the owners of alcurex is calling a trash-bin, prepare for flaming and attacks on all fronts from the respective communities. But in all, an interesting idea, just want to put my thoughts out there.

PS: Well done mcr and halibit, important step forward!

[sakkosekk]

But what and who determines what a "shitcoin" is? The market. The market tells me that they don`t think i.e. blackcoin is a shitcoin, based on volume, marketcap and general interest. Which coins will still be alive in 2 weeks, 6 months or 1 year from now, no-one can foresee. The market will decide, not the exchange. Or should we decide for the market? Saying that only low volatility and stable coins is worth listing on our exchange? Saying that on our exchange, we doesnt believe in coin x,y,z, because we think they will be gone in a while, or we will see a large priceincrease, then it will get a dump and die? What coins will maintain it`s price and current volume in 3 months? If you have this ability though, I`m jealous of you.

I`m not going to go into this to deep, but look at two coins everyone believed in: worldcoin and fastcoin. What happened there? Are they shitcoins? Who could have seen that coming? At the time, should the exchanges not list the coins "just in case"?

And i disagree with you, an exchange can not possible "aid in pump and dumps", they only make it available for trade on the market. Whether or not some players decide to pump and/or dump it, you cannot blame the exchanges. The manipulation is another part of course, falsifying information like telling the world that mcdonalds has an agreement with takcoin, to get a price-increase will be dealt with when regulation is in place (if/when that happens). A control-organ would investigate the price-increase or decrease, but a lot of the times it`s just normal activity. Especially in stocks with low liquidity.

You make the parallells to nasdaq as an example, are you telling me "pumps and dumps" are not occuring in the stockmarket? There is high and low volatility in different stocks, and price-increase and -decrease.

This is getting out of hand, even though I love discussing the topic.

But, lastly, a conclution on my part: Alcurex can not be an exchange sitting on it`s high horse and try to dictate what coins are good or not. That`s not being visionary, that`s being naive. We need to follow the markets and the trends, to even get it started with a customerbase and retain it. From the IPO: "
The exchange features a variety of different currencies to choose from and will keep forever growing as new promising cryptocurrencies are released. The exchange will still maintain a set of established cryptocurrencies."

Are you answering me here? Because you are claiming things on my behalf that I never said and that is no good. I have to refrain from further discussion if that is how it is going to be, I hope you understand.

Another option regarding coins; Alcurex could list more established coins in one section (LTC, PPC, XPC, VTC & others) and less established coins(PIGGY, FLAPPY, AUR +++) in another section. This is just visual, a way for us and traders to easily see what is new(and therefore risky) and not. This way we can distinguish between real coins and potential shitcoins/pump and dump coins. Once a coin has proven it is more than a pump(good community, Dev, innovation, progress etc) they can be bumped up to the established section. This way Alcurex can allow bad coins to be traded and still be a serious player. (no smearing of the Alcurex brand even if a Dev dumps a premine). Make it clear for traders there is a certain risk associated with trading in the new section.  What do people think of this?

This is somewhat a good idea, but how would you categorize them? I don`t think people have any idea about the date a coin was released, unless they do a background-check. Tradingvolume the last x weeks? Most famous in reddit? How would they find the coin they are looking for? It needs to be very intuitive, if the users has to search and click around a lot between the markets and submenus, they get annoyed. Accessibility is key.

And again, you mention "bad coins". If that is what the category get known as in the public, as what the owners of alcurex is calling a trash-bin, prepare for flaming and attacks on all fronts from the respective communities. But in all, an interesting idea, just want to put my thoughts out there.

PS: Well done mcr and halibit, important step forward!

In the sentence prior to "bad coins" I described them as "potential shitcoins/pump and dump coins". When such a coin is dumped it turned out to be a bad coin. "Potential shitcoins/pump and dump coins" is a long sentence so I shortened it down to "bad coins". It seems to me you might put too much into what words I choose to use, and not the message as a whole? Mildly frustrating. Take into account English isn't my first language. It just words. Do you really think I want it to be know as a trashbin? Where do you come up with this? The word "bad" is a good description of a coin that has it's premine dumped, there is nothing more to make out of it.
 
New coins are listed in the new section. After some time when certain criteria are met they are bumped up. This is an idea, so don't ask me what criteria or how much time. To make it as "fair" for all coins a checklist could be the way to go?