Posting in bold to differentiate my posts
Having new features does not mean continually increasing the security of the algorithm. It can mean adding new features that increase the usability and longevity of a coin. If your one defining feature is "hey the price will keep going up!" how will you really compete with counterparty or etherium?
The purpose of cryptocurrency is not just to make money, all though that may come as a shock to you. The ultimate purpose of cryptocurrencies is to be used as a currency. If your coin is not competing in this regard it has no long term potential, only short term gains.
The word "recourse" was used correctly in the sense that if you were to run off with (dump) the investment fund at your convenience we would have no recourse. You would potentially destroy the coin and everyones time and money invested would become worthless.
I find this line shocking and eye opening:
Really? so if you turn out to be mistrustful in the end we can look and watch you selling off your investment fund on the block explorer? Talk about accountability!! This offers no recourse, and no accountability in the event of malicious actions.
So my argument still stands.
This is not chump change you are talking about here. You are expecting people to trust you with millions and millions of dollars and your first thought is to try to discredit my concerns? That image seems quite fitting now. Why fix life now? Fix life tomorrow.
You want people to trust you with millions of dollars? You should be incorporating a company and filing paperwork. Proving your identity. Don't give me this "protecting my anonymity" crap.
Isn't your "anonymity" worth several million dollars?
Trust me with 10 million dollars; I will give you my name, address, phone number, I'll come to your house and take a picture with you. I'll let you stand in my bedroom and watch me while I sleep. This is not childs play here, this is real world kind of money.
You expect people to just trust you with this kind of money are you fucking kidding me?
The fact that instead of addressing these concerns you are blowing them off because "we wrote some stuff in the whitepaper" is just shocking.
Don't twist my words. Bitcoin is speculative but it also functions as a currency in the real world. Bitcoin can be exchanged for real items, goods and services. Air can not. When your coin is actually used as a currency I can see the price climbing to such heights, but for a coin with a cap of 1 billion to start at .00115 is insane.
It seems you are assuming that all coins are equally profitable to mine? This is not the case. You can't say "well you would get x number of BTC per MH mining this other coin so the price of our coin should be x per MH".
Why should a coin that is just released be as profitable to mine as say vertcoin or dogecoin?
Very unrelated but yes, in the venture capital world this is nothing; but in the venture capital world you know who you are giving money to. You have their names and addresses. You have signed legally binding contracts. You have legal recourse. It is much easier to trust someone when you know if they break their word and run off with the money you could sue them.
Claiming that human nature plays no part in the business world is entirely more absurd. Thinking that lust, greed and jealously don't affect and mold our lives is plainly ignorant or delusional. You have listed a bunch of things and said that people must have been just as skeptical when they first appeared. These things aren't related but the government one I find interesting. It can be argued that it is just this very reason why they were created. Governments were necessary to protect the freedoms and liberties of its people, because people could not be trusted to not act in ways that were not malicious. We needed to group together to protect ourselves from other peoples. This is why we have governments, because humans are human. We created laws and rules to help guide and evolve our people from uncivilized animals constantly warring with each other into the generation we see today. I'm sorry that you don't see the logic behind this. Attacking my views or my concerns is only detrimental to your cause.
I see that I am not human, and my concerns are unwarranted and stupid. I am just an ignorant fool for critical thinking and not following the herd. Please forgive me for ever questioning your moral compass and future intentions which you can prove to us without a shadow of a doubt are pure and beneficial to the community. When you get back from the future in your time machine I'd like to borrow it thanks.
My concerns were NOT addressed reasonably or professionally. Pointing at a paper your wrote and saying "trust us because we wrote things" is neither intelligent nor reasonable.
From your post I get an impression that you work in the financial industry with large sums of money. Your view of the situation is biased in the fact that these may be normal everyday sums of money. Your bias may also be incorrect because in the financial industry there is accountability and liability. You may deal with millions of dollars, but never, EVER, are you just handed several million anonymously and asked not to abuse it.
If your intentions are good, you have misjudged the laymans view of this size of money being entrusted to you with no recourse.
If your intentions are not good, you already know this is a large amount of money and are trying to discount it as otherwise.
Don't mince words. The overrall market cap was what I was referring to and I hope you and anyone with an IQ above 80 knew that.
(i.e. at .00115 all the coins in existence would be worth 1150000 BTC or roughly $747,500,000 if all coins were released on day one. Not just the current market cap of available coins).
Posting documented information about where coins are or where they are going does not alleviate the valid concerns people have with entrusting nameless, faceless entities with millions of dollars. Just like watching bitcoins stolen from your wallet, you can watch them go indefinitely, but you can never get them back.
Please don't discount my concerns as inflammatory or misguided. Yes I did support this concept at one point in time and still do to an extent. But I have every right to change my opinion after consideration.
We have addressed your concerns, clearly and concisely. Any questions about our coin, the technology, our intentions, our abilities, and our systems has already been answered to the fullest extent. Your opinions, beliefs, and less tangible concerns are yours to express, and if our statements do not convince you against them, there is no benefit to argument. If you cannot trust us based on the service we provide, despite our best efforts to sway your opinion, then be content with this and do not devolve into argument. You can agree to distrust us or disagree with us, but do not make it difficult for others to learn more about the coin.
We review all of the posts. We take
time to very seriously discuss every post on this thread with the development team. And, we have determined, that we have done our absolute best in responding to your issues that we can. To express how seriously we take your concerns, we have and will re-evaluate our policies on transparency and disclosure. Changes in our policies are going to be a compromise between developers and the community, we cannot and will not acquiesce to any demands we cannot fulfill.
Your original concerns, which were addressed, were direct, helpful, and good contributions to the thread. Beyond our extensive responses to those issues, there's little we can do to please you on an emotional level. Trust is required, and if you cannot trust us in any way, then do not invest in AIRcoin. If you do not agree with our stance, do not invest in AIRcoin. If you believe we are a scam, do not invest in AIRcoin.
That is all there is left to say.
- Alexander