Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AIRcoin - 19th Largest Cryptocoin by Marketcap
by
AIRcoin
on 20/03/2014, 07:46:36 UTC
We have released a paper about the trading system and how it works.


You can read the paper here: Transparency Release.

While it may go overlooked, before blaming us, you should read the transparency release that we just made. It should explain the entire system in full with explicit data behind it. The dump was not us. As the release states, we were (and still are) AIR positive, meaning that the system has bought more AIRcoins than it has sold.

It is very apparent that two things are happening:

1. Sellers are acting non-optimally (not getting their full amount of money) out of an important need to sell our coin, and are not aware of their actions.
2. Sellers are deliberately attempting to lower the price.

As the dump was timed both with our Transparency Release (something that would, normally, encourage individuals to buy) and with the listing on Coinmarketcap, number 2 seems to be a more and more likely scenario. At the end, though, this is economic warfare. If individuals are not benevolently testing us, then it means that someone doesn't agree with the idealogy of our coin, and is definitely willing to pay time, energy, and BTC in order to see it fail. When it comes to economic warfare, we understand the terms of engagement considerably, and right now we are fighting a long campaign with a few new technologies not held in the cryptocurrency world.

2 things will solve this problem immediately. One is a higher volume, the other is a higher investment pool. That dump increased the value of the investment pool, at current prices, by .1 BTC. I want to stress that: whomever dumped the coin just now missed out on .1 BTC worth of value, that is now in the investment pool. We made 0.1 BTC instantly from your dump. If our listing on coinmarketcap.com causes a price increase, then we will have made even more from the dump.

When coins are sold in mass volume, the low prices they reach increases the value of the investment pool. In other words, people's dumping gives us more BTC to support the coin with long term. The system is still young and has to grow,

You should not expect the exchange rate to constantly rise, and definitely not expect it to rise until the equilibrium we have explained (both in the release and previous posts) has been reached. That doesn't mean it won't, but if we assured everyone that the rate would rise when these factors were not in equilibrium we would be in a violation of conduct against our own ideology. We want users of AIRcoin to be economically savvy and effective, not followers of blind faith. You can not only still make money in a downward market (again, consider that the pool has made over 2 BTC already since launch) but you can definitely promote the coin to other venues by spreading the word about it and generating the large volume that will be able to help sustain these dumps.