[ANN] AIRcoin

[anonymousxx1503]

Here is what is going on with the coin, which the developers have basically pointed out already: their buying and selling algorithm acts to jumps ahead of the prevailing market bid and ask, when spreads are large, in order to narrow the spread. Go ahead and place a sell order right now at .0009 and within 30 seconds an order to sell AIR will appear ahead of your order at .0008999. I suspect this the AIRteam's algo working to narrow the spread. This is not a bad thing necessarily, and is basically how you make the coin stable.
Unfortunately, in the event of no volume (like now) you have very large drops downward because there is no demand to buy the coin and I suspect the AIRcoin Team is preferring their algo jump ahead of the ask price versus bid price because they are currently AIR-heavy and would prefer to be BTC-heavy. That last part is speculation on my part of course, but I see the top buy orders are NOT being jumped ahead right now and that is why this coin is exhibiting this slow waterfall decline. The legitimate buy orders, coming from buyers other than the AIRcoin Team algo, are far below the market and are unfortunately leading the downward trend.
Perhaps if they had the volume in the coin, like they've said they need, they could have a fantastically narrow spread by taking the inside of the market, and could then consistently make a ton of profits while also having their BTC coffers grow. That in turn would allow them to grow the coin's value. But right now the demand-side is just not there and that is unfortunately (another) rookie mistake on their behalf. The first two weeks they were busy getting miners hyped up for the coin's concept and the third week they were busy getting their algo going on their first exchange. Luckily they do now realize they have a problem and need to do something about getting demand going.
I'm not going to speculate on if the recent solutions will solve the demand side issues, however I do see now that their algo can indeed narrow the spreads (when its jumping ahead of both the bid AND ask) and earn the coin good returns.
I think one wise thing to do immediately would be for the AIRCoin team to apologize for their rookie mistakes, and show appreciation of AIRCoin holders who have stuck through these mistakes, by buying the coin back up to .0002 (or potentially even just stating that they will buy the coin back up) and then prove that they can stabilize the price there. By now the pent-up sellers should be gone. What you see now are panicky AIRCoin holders growing scared and angry and jumping ship at horrible prices (and the algo, for whatever reason, is basically nonexistent on the buy-side).

Anyhow I'll continue watching.
JL

Spot on analysis. You do your namesake proud.

Yes, yes, yes, but we already knew all of that.

Since that time they made some "big announcement" and haven't answered one question or made one comment.

They are apparently making licensing deals with other coins and profiting in that manner. Do those licensing revenues go to AIR coin holders. They claim in that same "big announcement" that they are not doing any other projects, so I am assuming that those profits go into AIR coin holders pockets -- right?

And as you well know, there are many other questions as a quick look back on the last few pages will show. Not to mention that they said that they would be in contact in the morning -- two days ago.

Everything that you wrote about above is why I bought the coin to begin with. What I want to know is what is going on right now.

Are these guys just a couple of college kids playing around in between beers and bongs? Or, well what exactly?

They keep saying buying up the coin would be temporary and counterintuitive. The thing is, it's somewhere from 5 to 10 BTC maximum to put the coin back at around 0.002 and that would definitely generate more interest than having it go down every day or doing at 'thunderclap'. The reality is probably that these guys are just a bunch of college students with no practically no money and even though putting in the BTC to drive price up to where it was would generate a lot of market interest, they simply don't have the funds. Even if they do have the funds, there's no way they are putting their own money into the coin now that the algorithms don't seem to work much and they could get dumped on.

[JTB800]

Last communication was approx 15hrs not 2days ago. Please disregard anything from 'JTB' as anything resembling fact . Why lie, ....I could think of a few good reasons  

I apologize for the lack of clarity.  I intend on incrementing the version number, I just posted to let everyone know that I have tried compiling with incrementation and without.  Some Devs find not incrementing the version number to be a solution in a situation like this.

         -- Proteus, Lead Technical Developer

Yes, well you can "disregard" anything I say -- no stopping you. But, before you listen to hughjays77 as if he is some authority figure, I would point out that I was clearly not talking about a wallet update from someone named Proteus.

I have no reason to doubt that Proteus is who he says he is, but any casual glance at the posts I have been making, will clearly show that I am, was and will be referring to the so-called "big announcement" made about two days ago. (ok, ok, a day and two thirds ago -- Friday night Chicago time).

And speaking of that "big announcement", here is the last line of the whole thing:

Please, if you have any questions, either post them here, and we will try to address them promptly and plainly.
 
Now, I have posed a few questions (and have more) and I know that others have posed questions. If you consider them answered "promptly and plainly", then clearly hughjays77 is right and I am to be "disregarded".

If you feel as I do that "promptly and plainly" is not the description that you would use, then maybe hughjays77 is the one whom you should "disregard".

He asks why I would lie, implying something nefarious with a knowing smiley face to boot.

I ask, why obfuscate with his nonsense post?
 
  
 

[andyatcrux]

I was on the settings from the darkcoin settings, took half an hour to even get it to function, then it ran for about ten minutes and popped. Two others showed as overheating but they were not. Now they hash lower than before and the other one is just dead. It's not just me. Google it.

I wasn't even at any decent speeds running.

Yea, it was my card... And all the other cards that I keep now reading about getting fried, after searching to find out why mine fried.

That is running cooler because it is doing less. Run scrypt cooler and it does less. Sorry, but it is over. Those who can mine, might, those who can't, will just avoid it. It is only GPU friendly to the cards it works on.

Not taking that risk on more cards. They run fine on scrypt.

yeah uh.. i googled 'darkcoin gpu broken' and 'hirocoin' and 'x11 broken GPU' and yeah no results.

Strange what you are describing sounds a lot more like what people have had happen with Vertcoin, never heard of it with Darkcoin algo, I will need to look into this. What do you mean by doing less? My gpu's hash 4x more using the sgminer for x11.

"Doing less"... it was hashing faster, but that is not "scrypt hash", it is doing the other hash faster, because that does less, so it calculates with different results. Takes less time to do it. But anyways, that would be like saying sha256 is "faster" because the hash-rate is measured differently. It isn't any faster, just different. My hash-rates started out fast, then slowed down to a crawl, then it shut down two cards and the third one just popped. The GPU is burnt-up with a brown hole on one corner, just off-center.

Maybe they are using one of the scrypts from them. I don't know what vert uses. However I only got into one block, before it fried. Not sure which scrypt it was, but it didn't appear to heat up my other cards, just my powercolor 7970's. I don't have time to get into troubleshooting, or re-configuring all my tuned miners for more "special coins". These cards will have a new home anyways, soon. What I have left. (Powercolors are about 80% of my cards.)

Thanks for checking-up... But I am sorry. This just isn't for me now. Too much of a risk and hassle coin.

Too many changes, too fast, without consideration to even ask... "Hey, guys doing the money-draining work, and holding the majority of investment... What do you think about us doing this..."

Just wake-up and poof, reward halved and decaying earnings on top of decaying returns from mining growth, and falling prices. That is five negatives in a row, and no positives. I re-evaluated the situation, and made a final determination that I can no longer support the cause. Apparently, I am not the only one with that belief.

yeah that's not X11's fault, that's the VRM's failing and giving your card WAY too many volts.

i agree 100% with that second last line though ... absolutely no input from the community, even if what they're doing is right.

Trust me.....they are in a position like Harvard MBA's [endless offers, many refusals] They may not be saying and holding back but if they are who they say they are[ and I believe them ] then one call and they are on Bloomberg, CNBC or FoxBusiness. Its the way of the world and not something regular folk can comprehend.

I just hope they 'continue' to get their act together and refuse any such interviews until the time is right.

I cant believe the University of Chicago allowed you guys to use the University name....as in the home of Milton Friedman [father of Monetarism & Noble prize winner]  

I will hold my AIRcoin even though its 1/2 its expected debut price.

I'm pretty sure 1 phone call and you are all in/on Forbes, CNBC, Bloomberg.

I hope you guys would turn down any such interview.

This is a very good point, I would have thought there was real journalistic interest in a project like this..... has someone made the call?

now THAT part is easily answered with that not being the right time yet.. it's too soon for that level of attention.

Trust me.....they are in a position like Harvard MBA's [endless offers, many refusals] They may not be saying and holding back but if they are who they say they are[ and I believe them ] then one call and they are on Bloomberg, CNBC or FoxBusiness. Its the way of the world and not something regular folk can comprehend.

I just hope they 'continue' to get their act together and refuse any such interviews until the time is right.

I cant believe the University of Chicago allowed you guys to use the University name....as in the home of Milton Friedman [father of Monetarism & Noble prize winner]  

I will hold my AIRcoin even though its 1/2 its expected debut price.

I'm pretty sure 1 phone call and you are all in/on Forbes, CNBC, Bloomberg.

I hope you guys would turn down any such interview.

This is a very good point, I would have thought there was real journalistic interest in a project like this..... has someone made the call?

Everybody's logic seems skewed this morning, or maybe it's me, what is your thinking behind delaying any potential exposure in the MSM?

it would make the coin out of control for the forseeable future.. loads of buy orders, dumps, a massive amount of new hash rate that the reward isn't calculating for...

it has to be stable enough before getting 'big'.

i'm tempted to buy a couple BTC worth at <.001/AIR... it seems cheap for what 'should' happen soon enough

To settle any fears about potentially mining with X11 algo, when you say that his VRM failed I am assuming this would be only if the voltage was unlocked? My cards are all locked by default and if I don't touch this I should be in the clear, right?

[flinchy]

To settle any fears about potentially mining with X11 algo, when you say that his VRM failed I am assuming this would be only if the voltage was unlocked? My cards are all locked by default and if I don't touch this I should be in the clear, right?

nothing to do with unlocking voltage, just a broken piece of hardware on your GPU.

VRM = voltage regulation module

if it regulates it wrong, the card can die.

that's the most logical reason the card managed to burn up so fast.


also, holy crap this is a lot of baseless speculation o_o

[anonymousxx1503]

You can't even stabilize at 0.001 devs? Hope you're coming out with something big.

[flinchy]

I think aircoin is missing the necessary miners community. They completely ignore miners and miners is what you need to get a healthy coin. They have a nice plan from investor's perspective but they completely ignore miners. I consider Blackcoin a better version of AIR, because they actually use all the mining power, to get a big pool of cash to control the market, instead of using premine. This is a BIG thing. I think blackcoin can be VERY successful. a collab between AIR and BC would probably be an extremely good coin as it has both good factors combined. BC could use the controlling market strategy of AIR. Look at BC's open beta pool. It has 150 miners already, and is still in CLOSED beta. Imagine 1000-2000 miners. The pool would have HUGE buying power and the price of BC will go up to the extreme. This pool keeps filling up nonstop and can keep the market super healthy. AIR's pool will eventually run out if they cannot increase the price.

... re: blackcoin

i mined about 20k, bought 30k @ 1100 satoshi... just sold out at 4000

yeah i didn't expect it to somehow get all the way to 6k 6.5k even!). wtf?

i was expecting 4-4.5k and then a fall back to 3k

didn't know the BC multipool had started and was driving prices already

[sussex]

To settle any fears about potentially mining with X11 algo, when you say that his VRM failed I am assuming this would be only if the voltage was unlocked? My cards are all locked by default and if I don't touch this I should be in the clear, right?

nothing to do with unlocking voltage, just a broken piece of hardware on your GPU.

VRM = voltage regulation module

if it regulates it wrong, the card can die.

that's the most logical reason the card managed to burn up so fast.


also, holy crap this is a lot of baseless speculation o_o

Yup, the trolls smell blood again.

I'm still pretty confident of most of the dev's claims, I suspect that this hasn't been the cakewalk they were hoping for, but it is very, very early days for something so new.

If this is a scam, it has been a very comprehensive one - it would be an impressive one. Surely, if they were scammers, they would only be too happy to pump the price as has been suggested and keen to get it on more exchanges? Anything to get the price up to allow them to dump asap. Compared to 99% of alts (which are scams) this seems quite genuine

Equally, this collaboration with the darkcoin devs, wouldn't that be dangerous? Wouldn't other devs smell a rat quite quickly?

Anyway, I'm not saying this is completely legit, but I can't find anything else that seems more on the level.

Edit:

The missing ingredient is a genuine media push. I know many are saying that any offers from the media should br refused - this is madness, you can't usually pick and choose when yoiu are going to get coverage, the media loses interest in things very quickly. If any approaches are made they must be accepted, strike while the iron is hot.

Equally, starting a media campaign now would not necessarily have instant results and a perpetually falling graph will negate much of the benefit of any media exposure. Readers are going to ask "if it's so good, why has the price done nothing but fall?"

This is now crucial, every delay with the falling price will make being taken seriously more difficult.

This issue hasn't really been tackled by the devs at all and they did make specific promises about it on day one, so I'm at a loss to explain why.

I have extensive, front line national newspaper experience - I worked for them for 20 years and have a genuine understanding of how the media works, so it would be nice to have a conversation about this.

[hughjays77]

You are just not a reliable .source of information especially with your constant whining..'Aircoin - Proteus' is a part of the Aircoin team and that has been well established. You think the coding is been done by robot  

Can you imagine if you were on the main Bitcoin threads in 2011 & 2012.....$0.05 to $6.00 then back to 0.03 then up to $21 then back to $0.90....up 1000's of % then crashes of over 97%. You would have been worse than a teenage girl on her period. Just man up and stay the course or pull the plug and leave  

Last communication was approx 15hrs not 2days ago. Please disregard anything from 'JTB' as anything resembling fact . Why lie, ....I could think of a few good reasons  

I apologize for the lack of clarity.  I intend on incrementing the version number, I just posted to let everyone know that I have tried compiling with incrementation and without.  Some Devs find not incrementing the version number to be a solution in a situation like this.

         -- Proteus, Lead Technical Developer

Yes, well you can "disregard" anything I say -- no stopping you. But, before you listen to hughjays77 as if he is some authority figure, I would point out that I was clearly not talking about a wallet update from someone named Proteus.

I have no reason to doubt that Proteus is who he says he is, but any casual glance at the posts I have been making, will clearly show that I am, was and will be referring to the so-called "big announcement" made about two days ago. (ok, ok, a day and two thirds ago -- Friday night Chicago time).

And speaking of that "big announcement", here is the last line of the whole thing:

Please, if you have any questions, either post them here, and we will try to address them promptly and plainly.
 
Now, I have posed a few questions (and have more) and I know that others have posed questions. If you consider them answered "promptly and plainly", then clearly hughjays77 is right and I am to be "disregarded".

If you feel as I do that "promptly and plainly" is not the description that you would use, then maybe hughjays77 is the one whom you should "disregard".

He asks why I would lie, implying something nefarious with a knowing smiley face to boot.

I ask, why obfuscate with his nonsense post?
 
  
 

[andyatcrux]

Yes, the notion that this is a scam defies logic because a scam kinda has to result in gains for the said "scammer."

[hughjays77]

It has none of the hallmarks of a scam. With the intelligence of these guys they could have had the price at 0.1btc on 2-3 exchanges within a week[ capital cost of scam 100btc {5mins effort from an underworld figure or weekly trust fund payout}]..continuing upwards for a month or so with a Bloomberg interview,etc,etc then 'pull the plug' cashing out from 2btc all the way down to 0.00000001 satoshi. We all would be so 'rich' that we wouldnt notice until 0.00003btc or so  

To settle any fears about potentially mining with X11 algo, when you say that his VRM failed I am assuming this would be only if the voltage was unlocked? My cards are all locked by default and if I don't touch this I should be in the clear, right?

nothing to do with unlocking voltage, just a broken piece of hardware on your GPU.

VRM = voltage regulation module

if it regulates it wrong, the card can die.

that's the most logical reason the card managed to burn up so fast.


also, holy crap this is a lot of baseless speculation o_o

Yup, the trolls smell blood again.

I'm still pretty confident of most of their claims, I suspect that this hasn't been the cakewalk they were hoping for, but it is very, very early days for something so new.

If this is a scam, it has been a very comprehensive one - it would be an impressive one. Surely, if they were scammers, they would only be too happy to pump the price as has been suggested and keen to get it on more exchanges? Anything to get the price up to allow them to dump asap. Compared to 99% of alts (which are scams) this seems quite genuine

Equally, this collaboration with the darkcoin devs, wouldn't that be dangerous? Wouldn't other devs smell a rat quite quickly?

Anyway, I'm not saying this is completely legit, but I can't find anything else that seems more on the level.

[flinchy]

Yes, the notion that this is a scam defies logic because a scam kinda has to result in gains for the said "scammer."

yeah that's a REALLY good point

pretty bad scam when the devs have made like... what.. a bitcoin or two tops? LOL

[sussex]

Posted this as an edit to my last post, but don't want it to be missed:



The missing ingredient is a genuine media push. I know many are saying that any offers from the media should br refused - this is madness, you can't usually pick and choose when yoiu are going to get coverage, the media loses interest in things very quickly. If any approaches are made they must be accepted, strike while the iron is hot.

Equally, starting a media campaign now would not necessarily have instant results and a perpetually falling graph will negate much of the benefit of any media exposure. Readers are going to ask "if it's so good, why has the price done nothing but fall?"

This is now crucial, every delay with the falling price will make being taken seriously more difficult.

This issue hasn't really been tackled by the devs at all and they did make specific promises about it on day one, so I'm at a loss to explain why.

I have extensive, front line national newspaper experience - I worked for them for 20 years and have a genuine understanding of how the media works, so it would be nice to have a conversation about this.

[JTB800]

You are just not a reliable .source of information especially with your constant whining..'Aircoin - Proteus' is a part of the Aircoin team and that has been well established. You think the coding is been done by robot 

Can you imagine if you were on the main Bitcoin threads in 2011 & 2012.....$0.05 to $6.00 then back to 0.03 then up to $21 then back to $0.90....up 1000's of % then crashes of over 97%. You would have been worse than a teenage girl on her period. Just man up and stay or the course or pull the plug and leave   


Oh, I see. I call you out on a baseless accusation and you decide to tell me to "man up". Do you feel better now?

I am unclear why asking questions of developers -- who asked for questions(!) is, how did you put it, "worse than a teenage girl".

If blind faith is all you need, maybe I can scrounge up some PANDA or something and sell it to you for a "fair" price.

But, I have bad news for you a--hole. I am not going anywhere and even if I do sell the coin, I am going to stick around just to piss you off.

Now go give your cheering section-no-questions-asked wonderful personality back to the Rabbitcoin forum or whatever other gutter you came from.

[andyatcrux]

Posted this as an edit to my last post, but don't want it to be missed:



The missing ingredient is a genuine media push. I know many are saying that any offers from the media should br refused - this is madness, you can't usually pick and choose when yoiu are going to get coverage, the media loses interest in things very quickly. If any approaches are made they must be accepted, strike while the iron is hot.

Equally, starting a media campaign now would not necessarily have instant results and a perpetually falling graph will negate much of the benefit of any media exposure. Readers are going to ask "if it's so good, why has the price done nothing but fall?"

This is now crucial, every delay with the falling price will make being taken seriously more difficult.

This issue hasn't really been tackled by the devs at all and they did make specific promises about it on day one, so I'm at a loss to explain why.

I have extensive, front line national newspaper experience - I worked for them for 20 years and have a genuine understanding of how the media works, so it would be nice to have a conversation about this.

I agree with this sentiment, have you PM'd the devs about this?

[hughjays77]

Its impossible for you to piss me off. Im too happy  Man up !
http://www.azlyrics.com/lyrics/pharrellwilliams/happy.html

You are just not a reliable .source of information especially with your constant whining..'Aircoin - Proteus' is a part of the Aircoin team and that has been well established. You think the coding is been done by robot 

Can you imagine if you were on the main Bitcoin threads in 2011 & 2012.....$0.05 to $6.00 then back to 0.03 then up to $21 then back to $0.90....up 1000's of % then crashes of over 97%. You would have been worse than a teenage girl on her period. Just man up and stay or the course or pull the plug and leave   


Oh, I see. I call you out on a baseless accusation and you decide to tell me to "man up". Do you feel better now?

I am unclear why asking questions of developers -- who asked for questions(!) is, how did you put it, "worse than a teenage girl".

If blind faith is all you need, maybe I can scrounge up some PANDA or something and sell it to you for a "fair" price.

But, I have bad news for you a--hole. I am not going anywhere and even if I do sell the coin, I am going to stick around just to piss you off.

Now go give your cheering section-no-questions-asked wonderful personality back to the Rabbitcoin forum or whatever other gutter you came from.

[slyA]

The amount of rationalizing in this thread is hilariously pathetic. Comparing this coin to bitcoin is like comparing a faulty toyota camry to the first engine ever made.

These guys made claims of weekly 5 % rises and threw in economic buzz words so suddenly they are intelligent? The first post I made here was waiting for proof of identity not some fucking stupid picture of printed name on campus scenery. What are they scared of?

The fact that "University of Chicago" is one of the selling points of this coin is laughable in and of itself seeing as how these kids have refused to identify themselves.

People who put in substantial sums into this coin and lost 70% have EVERY FUCKING RIGHT to demand answers or leave and you cunts back patting the devs for their silence are just sticking your heads in the sand.

There is no trading algorithm neither is there any stabilization module. All that has happened is a coin was launched and is slowly biting the dust. Until the devs identify themselves and provide tangible proof of their claims, people will steer clear from this coin. So again, keep on with the dev fellatio.

[sussex]

The amount of rationalizing in this thread is hilariously pathetic. Comparing this coin to bitcoin is like comparing a faulty toyota camry to the first engine ever made.

These guys made claims of weekly 5 % rises and threw in economic buzz words so suddenly they are intelligent? The first post I made here was waiting for proof of identity not some fucking stupid picture of printed name on campus scenery. What are they scared of?

The fact that "University of Chicago" is one of the selling points of this coin is laughable in and of itself seeing as how these kids have refused to identify themselves.

People who put in substantial sums into this coin and lost 70% have EVERY FUCKING RIGHT to demand answers or leave and you cunts back patting the devs for their silence are just sticking your heads in the sand.

There is no trading algorithm neither is there any stabilization module. All that has happened is a coin was launched and is slowly biting the dust. Until the devs identify themselves and provide tangible proof of their claims, people will steer clear from this coin. So again, keep on with the dev fellatio.

Just on a personal level, I completely understand people wanting to remain anonymous. I would refuse any project regardless of reward if it meant I had to have a significant public presence. I'm just saying there are perfectly reasonable explanations for remaining anonymous, it doesn't mean you have to be a crook.

However, in this case, I think they are going to have to put a face to Aircoin sooner rather than later.

On another note, if there is no trading algorithm, no airbot, just what are they talking to the darkcoin devs about?

[sussex]

Posted this as an edit to my last post, but don't want it to be missed:



The missing ingredient is a genuine media push. I know many are saying that any offers from the media should br refused - this is madness, you can't usually pick and choose when yoiu are going to get coverage, the media loses interest in things very quickly. If any approaches are made they must be accepted, strike while the iron is hot.

Equally, starting a media campaign now would not necessarily have instant results and a perpetually falling graph will negate much of the benefit of any media exposure. Readers are going to ask "if it's so good, why has the price done nothing but fall?"

This is now crucial, every delay with the falling price will make being taken seriously more difficult.

This issue hasn't really been tackled by the devs at all and they did make specific promises about it on day one, so I'm at a loss to explain why.

I have extensive, front line national newspaper experience - I worked for them for 20 years and have a genuine understanding of how the media works, so it would be nice to have a conversation about this.

I agree with this sentiment, have you PM'd the devs about this?

No, as I type this there are 146 pms in my inbox and I have no reason to think they will get dealt with any time soon I lose enough time on the threads without being drawn into private arguments as well.

[hughjays77]

please put in a sell order at 0.0006btc at a qty over 2000AIR. You are as mad as hell and I dont blame you

The amount of rationalizing in this thread is hilariously pathetic. Comparing this coin to bitcoin is like comparing a faulty toyota camry to the first engine ever made.

These guys made claims of weekly 5 % rises and threw in economic buzz words so suddenly they are intelligent? The first post I made here was waiting for proof of identity not some fucking stupid picture of printed name on campus scenery. What are they scared of?

The fact that "University of Chicago" is one of the selling points of this coin is laughable in and of itself seeing as how these kids have refused to identify themselves.

People who put in substantial sums into this coin and lost 70% have EVERY FUCKING RIGHT to demand answers or leave and you cunts back patting the devs for their silence are just sticking your heads in the sand.

There is no trading algorithm neither is there any stabilization module. All that has happened is a coin was launched and is slowly biting the dust. Until the devs identify themselves and provide tangible proof of their claims, people will steer clear from this coin. So again, keep on with the dev fellatio.

[slyA]

please put in a sell order at 0.0006btc at a qty over 2000AIR. You are as mad as hell and I dont blame you

The amount of rationalizing in this thread is hilariously pathetic. Comparing this coin to bitcoin is like comparing a faulty toyota camry to the first engine ever made.

These guys made claims of weekly 5 % rises and threw in economic buzz words so suddenly they are intelligent? The first post I made here was waiting for proof of identity not some fucking stupid picture of printed name on campus scenery. What are they scared of?

The fact that "University of Chicago" is one of the selling points of this coin is laughable in and of itself seeing as how these kids have refused to identify themselves.

People who put in substantial sums into this coin and lost 70% have EVERY FUCKING RIGHT to demand answers or leave and you cunts back patting the devs for their silence are just sticking your heads in the sand.

There is no trading algorithm neither is there any stabilization module. All that has happened is a coin was launched and is slowly biting the dust. Until the devs identify themselves and provide tangible proof of their claims, people will steer clear from this coin. So again, keep on with the dev fellatio.

Have you thought that maybe perhaps it is a couple of traders trying to play the market? I have no reason to believe its the devs algorithm. Why would the algorithm close the spread and not buy up the price to their initial base price? It doesn't make sense.

Secondly, the coin is 95 percent premined. You do not premine a coin, demand anonimity and claim transparency. That's a crock of shit. If you don't want to have your name plastered beside your creation then don't fucking ask people to trust you or put money into it.