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.
hope this manages to get on an exchange soon. Need more hash
If this is listed on an exchange with a trading API multipools will rape it.
This coin has no protection from multipools.
It is going to be very hard for the devs to follow through with their plan if there is a constant downward pressure on the price.
I think that the multipools will have less of an impact on price than they will on the AIR that the pools will be able to get. There only be the same number of blocks per day, even if the multipools are mining. They will just make it harder for the rest of us not in a multipool to get coins.
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.
Devs, what made you pick regular scrypt over scrypt-n or scrypt-jane? I know you've thought heavily about the future roadmap of this coin, but wouldn't being ASIC-resistant be a plus?
totally agree
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:
@Teamaircoin:
I'm not sure if this question already came up somewhere in the past 20 pages ... so: why didn't you choose some fancy algo or some POS ingredient to the asset? To keep things simple (in terms of avoiding POS) or to even attract ASICS in the near future?
Regards
Initially, simplicity. Our time and energy is spent on the economics of the coin, and we didn't feel that (at least at launch) the effort and complexity put forth in a POS system would have significantly improved the economics of the coin. Instituting such a system (especially if Scrypt ASICs move in faster than we anticipate, we believe we'll be able to adapt the code earlier) is not out of the question though.
In the longer term (months), adopting to a more environmentally-friendly or economically viable POS system may be advantageous.
Lastly,
two bounties have been paid, one for developing the Block Explorer and one for aid in developing the Mac Wallet. No additional bounties will be distributed, and these two additions were critical for the support of the coin. We felt it was necessary to move faster with the development than attempt to take longer and design a block explorer in-house.
To address concerns regarding the block explorer, the 2,500,000 coins will now begin subdividing into their respective wallets to be distributed as-needed into exchanges and traders when ready. This redundancy (between 10 and 30 wallets containing the entire volume depending on how much is being traded at any given point) will give us some protection from any one wallet or trader going down or being compromised.
Any one find it funny that the aircoin team all has some sort of Greek related handles =P
The Five Core Team Members are:
Alexander - Leading development, Public Relations
Aether - Website design
Proteus - Wallet Coding, Customer Support
Theseus - Publication, Accounting, Records
Solomon - Trading, Funds Management
Each name represents a different mindset and approach to our development team, and is handled by the respective heads of their groups. The last account, AIRCOIN DEV O is used for general support and is not tied to any one individual or group of individuals in our team.
