[ANN] Coinaaa

[Coinaaa]

Partner up with Coinaaa:

Partners (Distributors and Sellers) can buy Coinaaas in bulk for a
discounted price. The discount is taken from the original administration fee of 11%.
The value that are stored as Coinaaa’s assets will never have any discount.

If you want to become one of Coinaaa AS’s partners, contact us here:

https://www.coinaaa.com/contact/

[coinnext]

Coinnext Exchange added Coinaaa

Trade at https://coinnext.com/trade/AAA/BTC

On top, trading is completely free for 90 days.

[johstacy]

saw this...

"Coinaaa is based on Bitcoin 0.9.1 with Peercoin EMA algorithm using 30 block timespan and a block interval of 284 seconds. 87 billion Coinaaas with 0 value have been pre-mined by Coinaaa AS. There will never be created more Coinaaas.
Coinaaa has 0 in transaction fee and 0 rewards of mined blocks. Coinaaa has a centralized mining system meaning that no other party than Coinaaa AS can mine Coinaaas. This makes it impossible to attack Coinaaa with e.g. a 51% attack." (C)

Isn't this like a bank? Why anyone want to mine and process transactions for this currency? I don't see the difference between this an a bank.

[Coinaaa]

saw this...

"Coinaaa is based on Bitcoin 0.9.1 with Peercoin EMA algorithm using 30 block timespan and a block interval of 284 seconds. 87 billion Coinaaas with 0 value have been pre-mined by Coinaaa AS. There will never be created more Coinaaas.
Coinaaa has 0 in transaction fee and 0 rewards of mined blocks. Coinaaa has a centralized mining system meaning that no other party than Coinaaa AS can mine Coinaaas. This makes it impossible to attack Coinaaa with e.g. a 51% attack."

Isn't this like a bank? Why would anyone want to mine and process transactions for this currency? And if Coinaaa is just going to mine it on there own to process transactions then I don't see the difference between this an a bank.

The big difference is that all Coinaaa is backed up by real value, including being a cryptocurrency with lightning fast transactions. It has new possibilities. It is supposed to be a supplement to other cryptocurrencies and could be a nice entry point for businesses.

[g0re79]

What value? I still remember StockCoin, or whatever the name of that scam was... Furthermore lightning fast is for example PayPal, similar to what You are trying to do here. I can´t believe that anyone wish to put money in this.

[Coinaaa]

What value? I still remember StockCoin, or whatever the name of that scam was... Furthermore lightning fast is for example PayPal, similar to what You are trying to do here. I can´t believe that anyone wish to put money in this.

Some might want a more stable and what seems to become a more legit cryptocurrency.

[Coinaaa]

There are now 12.968813 active Coinaaas.

[linusdunkers]

I have invested some money in this currency and believe it has a great potential since it is a mixture of the "old traditional" banking system and the "new innovative" digital currency. The reality is that a bitcoin today is worth about 3850 NOK/BTC even that the "backed up/real value" is 0. Coinaaa right now has a buy back price that can be requested at any time from Coinaaa AS of 9600 NOK/AAA. The speculation price therefore should be 9600+3850=13450 NOK/AAA if people had the same belief in AAA as in BTC. Personally I will use Coinaaa as a safe resting-place for my digital currency when bitcoins are falling in value. If you do daytrading it could also be a great currency to "park" your digital money. Since it has a fixed buy-price per month you can be assured that the value will not change a lot during each month.

[Coinaaa]

I have invested some money in this currency and believe it has a great potential since it is a mixture of the "old traditional" banking system and the "new innovative" digital currency. The reality is that a bitcoin today is worth about 3850 NOK/BTC even that the "backed up/real value" is 0. Coinaaa right now has a buy back price that can be requested at any time from Coinaaa AS of 9600 NOK/AAA. The speculation price therefore should be 9600+3850=13450 NOK/AAA if people had the same belief in AAA as in BTC. Personally I will use Coinaaa as a safe resting-place for my digital currency when bitcoins are falling in value. If you do daytrading it could also be a great currency to "park" your digital money. Since it has a fixed buy-price per month you can be assured that the value will not change a lot during each month.

A minor correction, the buy back price is currently 8600 NOK, but other than that, you are spot on!

[dogisland]

Personally I will use Coinaaa as a safe resting-place for my digital currency when bitcoins are falling in value.

What makes you so sure they will honor the buyback price.

[linusdunkers]

I have invested some money in this currency and believe it has a great potential since it is a mixture of the "old traditional" banking system and the "new innovative" digital currency. The reality is that a bitcoin today is worth about 3850 NOK/BTC even that the "backed up/real value" is 0. Coinaaa right now has a buy back price that can be requested at any time from Coinaaa AS of 9600 NOK/AAA. The speculation price therefore should be 9600+3850=13450 NOK/AAA if people had the same belief in AAA as in BTC. Personally I will use Coinaaa as a safe resting-place for my digital currency when bitcoins are falling in value. If you do daytrading it could also be a great currency to "park" your digital money. Since it has a fixed buy-price per month you can be assured that the value will not change a lot during each month.

A minor correction, the buy back price is currently 8600 NOK, but other than that, you are spot on!

Actually we are both wrong The current Buy Back Price is 8900 NOK

[linusdunkers]

Personally I will use Coinaaa as a safe resting-place for my digital currency when bitcoins are falling in value.

What makes you so sure they will honor the buyback price.

I happen to trust the founder of Coinaaa that I have had a lot of discussions with on Skype

[curiousnewbie]

I didn't see incorporated registry license nor mention any bank acct with real fund back it up.
Not that I am little paranoia after losing $100k+ investment in Cryptos...
That's a lesson learned. Never trust anyone in the Crypto world until earned.

[Coinaaa]

I didn't see incorporated registry license nor mention any bank acct with real fund back it up.
Not that I am little paranoia after losing $100k+ investment in Cryptos...
That's a lesson learned. Never trust anyone in the Crypto world until earned.

You can see that we are registered here: http://w2.brreg.no/enhet/sok/detalj.jsp?orgnr=913378679

And we will have quarterly audits of our assets, first one is up in September: https://www.coinaaa.com/audits/

[Coinaaa]

After a long time reflecting over Coinaaa’s current setup, we have decided to implement a few changes. For the first 15 Coinaaas we sold, we took a 11% fee. We have decided to change this fee structure. We will from now on take 0% fee for people depositing NOK for Coinaaa. If you buy one Coinaaa for 10 000 NOK, we will store those 10 000 NOK.

There will be a fixed fee at 600 NOK for each deposit/withdrawal of Coinaaa no matter how many Coinaaas you chose to convert.

We will transfer the 11% fee that we took from the initial Coinaaas back to Coinaaa’s real assets (minus the fixed fee).

More updates coming.





https://www.coinaaa.com/2014/07/09/coinaaa-is-changing-100-of-the-value-is-stored-instead-of-89/

[Skinnkavaj]

Please don't support this centralized scam.
Creating a coin that is centralized. 
When bitcoin is about the opposite.

[Skinnkavaj]

What value? I still remember StockCoin, or whatever the name of that scam was... Furthermore lightning fast is for example PayPal, similar to what You are trying to do here. I can´t believe that anyone wish to put money in this.

Some might want a more stable and what seems to become a more legit cryptocurrency.

"Legit crypto currency" 
Oh yeah, let's forget that you created a premined coin that you own everything of and you are the bank. 

Only fools would touch this. Warning to the beginner, don't ever put in money into a coin that is both centralized and premined.

[Coinaaa]

Please don't support this centralized scam.
Creating a coin that is centralized. 
When bitcoin is about the opposite.

Please provide proof when you tell people it is a scam.