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.
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.
We choose to keep our individual identities anonymous to protect ourselves, but we are a US-based business behind the AIRcoin software. Our methods are explained in detail on our website (teamaircoin.org), and if you have specific questions, we can give detailed answers. Our team is paid.
I have a question to Alexander:
The block reward has been fixed at 3.72 AIR per block and will readjust according to the exchange rate to promote stability and growth over the long term.
When is the block reward getting readjusted? Are there any plans, that will be made public soon? Milestones etc.? Will you bring more transparency regarding the investment pool?
We will wait until AIRcoin is listed on more exchanges before switching to the new block reward algorithm, to prevent one exchange from having the power to dictate the block reward. For example, a miner can stockpile coins and them dump them (or organize a DDoS against the exchanges) during an inactive time, taking advantage of the temporarily increased block reward for a few blocks until prices stabilize. This also gives us a little more time to do some additional testing. 3 Exchanges is sufficient redundancy to prevent this from happening, as the chances of multiple exchanges crashing at the same time becomes exponentially less likely as more are added.
As for the investment pool, we're going to release AIRcoin: The First 24 Hours, to outline its formation, function, and investment in the first 24 hours we had of trading. Expect this release very soon. After that, we will put out weekly releases and begin listing live data on our website.
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?
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. As many staunch believers there are in Bitcoin, surprisingly few of them have control over multi-billion dollar businesses or extremely large government reserves. Whether the cryptocurrency community agrees with federal policy or not, they move mountains, and Bitcoin remains a relative pebble.
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.
It means exactly as written: If, for instance, one company that makes $20+ billion per year spends a fraction of its budget to do what some programmer do for free, they would be about to out-compete nearly every Cryptocurrency in existence, and quite easily, and have the strength to make it a government-enforced corner on Cryptocurrency. If you don't believe that, then don't worry. Beyond that, there is very little we are allowed to say on the issue.
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
It isn't simple, but the process is described on our website. In essence: when the price rises dramatically, portions of the premine are sold for BTC. That BTC is invested in other markets, grown, and then used to purchase back AIRcoin. In addition, we have our own BTC that also supports the market in the event of sudden crashes. I'm sorry if our answer wasn't clear. There are lots of responses, and we are trying to address them quickly.
Alexander, don't expect newcomers to browse trough 50 pages to find an answer to one of the most important questions. You should update OP with FAQ. HOW are you going to acquire BTC for the trading pool? Selling from the premine? Are you investing your own coins?
We have a FAQ on our website, but it does need updating. The answer (same as immediately above) is yes, to both. Otherwise, there wouldn't be a use for the premine at all if it wasn't used as trading leverage to prop the price up.
