Bitcoin Air - Payments as Light as Air

in #bitcoinair6 years ago

First of all, how would you summarise what Bitcoin Air is all about for someone who reads about it for the first time?

The first thing we want people to think of when they see, hear, or speak “Bitcoin Air” is simplicity and transparency.
The reason for this being, cryptocurrency is this currently ecstatic and mysterious world that a lot of people are afraid to dive into due to these unknowns. When someone approaches Bitcoin Air, we want them to understand that we are a lightweight, secure, and decentralized payment system that also ofers a static crypto-backed reserves system that allows for a user to print their own fiat currency (AirCash).
In layman’s terms, we want to give the power of the Mint, Reserve, and Banking System all to the consumer and merchant!
What sparked the idea for the project we now know as Bitcoin Air?

The idea for Bitcoin Air was sparked from a protocol concept originally designed by the administrative team. The main idea coming from the fact that Bitcoin is subject to high volatility, and Tether is both manipulatable and a separate entity from what should be a joint efort for Bitcoin.
Beyond this, we feel the need to bring cryptocurrency to a form of widespread acceptance through applying modern technology to age old tactics of in person payments. This will of course be accompanied by all of the amazing features that come with cryptocurrency and it’s secure nature.

2018 have been such a refreshing year when it comes to emerging cryptoprojects and the level of innovation they introduce. Gone are the stupid infographics trying to solidify Coin-X as the highest amount of transactions per second (who cares?).

Instead there seems to be a steady influx of new projects with developers who are innovating for real.

A couple of months back I stumbled across Haven Protocol which caused me to write my first crypto-article ever, fast forward a month-or-so and the first fork of Haven, Bitcoin Air, was quietly announced.

Now many initially dismissed Bitcoin Air as nothing but a Haven Protocol clone, but that is a severe misjudgement. I’ve been lucky enough to follow the development of this project from the inside for a while, and I’ve witnessed first hand that this project has set its sight on introducing a host of new features to the world of cryptocurrencies.

In this Q&A with Bitcoin Air’s Lead Dev, Anthony, I get answers to a lot of questions that should give a good understanding about what Bitcoin Air is aiming to accomplish.

What sparked the idea for the project we now know as Bitcoin Air?

The idea for Bitcoin Air was sparked from a protocol concept originally designed by the administrative team. The main idea coming from the fact that Bitcoin is subject to high volatility, and Tether is both manipulatable and a separate entity from what should be a joint efort for Bitcoin.
Beyond this, we feel the need to bring cryptocurrency to a form of widespread acceptance through applying modern technology to age old tactics of in person payments. This will of course be accompanied by all of the amazing features that come with cryptocurrency and it’s secure nature.

How would you differentiate what Bitcoin Air will be, compared to Haven, what are your most obvious differences between the two?

Haven Protocol is based on an internal smart contract system that will offshore the value of your coins to a safe storage environment, this will allow you to mint and burn between Haven Protocol and XHVD, safely offshoring your value from volatility.
Bitcoin Air is a bilateral blockchain that will allow one end of the chain to operate in volatile value and conduct basic cryptocurrency transactions including sending and receiving through any basic exchange as well as our internal wallet exchange. The second side of the chain will operate in static value and will operate as a crypto-backed reserve chain for Bitcoin Air.
This static chain will have strictly mint and burn protocols that will allow the creation of Bitcoin Air or AirCash. This static side chain will not allow person to person sends and will instead be specifically designed as a reserves and fiat system for day to day use.

The Bitcoin Air project is a fork of Haven, how essential has the Haven teams work been for your concept and project development?

Haven Protocol’s work hasn’t been significant in our development. Their initial idea was sparked to allow users to “offshore” their value to a secure storage environment in some different country.
This idea, to our team, seemed unapproachable and limited it’s greatest potential. We followed through with the idea of offshoring, and instead made it far more approachable and adaptable and instead of creating an internal contract system, devised a bilateral blockchain system that will operate as a dual auditing blockchain.

Is there any field in which you are looking for contributions from the community, if so, what are these?

We are always open to as much community contribution as possible. We are 110% focused on community input and transparency and that goes down to every vote and choice we have.
Ultimately we feel that a larger consensus brings the greatest discussions to a situation along with calculated execution. This being said, we are opening an Ambassadors and Evangelists Program that will operate much like a permanent bounty hunters program.
Top level representatives from all countries can apply and voice their expertise on why they should be an Ambassador for Bitcoin Air. This will in turn gain them access to the private Ambassador Panel where they can participate in tasks to earn monthly points for payouts based on worth ethic! Additionally, we are always open to community open-source developers who seek some lead into the cryptocurrency world.
We are always thrilled to teach and learn from other professional development teams as we are seeking to develop the most community driven coin of 2019!

Can you tell us a bit more a bout the planned merchant platform, what are its base features and how will it work?

The future merchant platform will be available to both in-person and online merchants. Small Business that accept Bitcoin Air will be able to use any tablet that allows them to download the Bitcoin Air PoS Application. This will allow their tablet to turn into a mobile PoS system with Sweep features thanks to the cameras on most tablets. Merchant can establish their item list and can have the consumer scan the QR code shown on the screen to automatically set the amount and receiving address.
Consumers will confirm the amount and proceed to process the transaction in $XAP. When the merchant receives confirmation, the system will automatically convert their $XAP to $USDAP so they can avoid market volatility until they choose to re-enter and sell to fiat. For online merchants, it will allow integration with most e-commerce platforms available. This means people can proceed to pay for their items with Bitcoin Air via their Desktop or Mobile wallets wherever accepted.
When you fork, you have — in your latest community update — listed the following existing chains that will be receiving Airdrops of either $XAP or $UDSAP:

Bitcoin ($BTC) holders will receive Bitcoin Air ($XAP)
Peercoin ($PPC) holders will receive Bitcoin Air ($XAP)
Haven Protocol ($XHV) holders will receive USD Air Protocol ($USDAP)
I find it interesting that $BTC and $PPC holders will receive $XAP as a result of the fork, while $XHV holders will receive $USDAP instantly without needing to mint them, will this mean that every $XHV holder is guaranteed a re-mintable (or is it burnable, perhaps:) value of ~1$ USD for each $XHV they are holding while the $PPC and $BTC holders will get a coin of fluctuating value?

This is somewhat correct. $XHV holders will receive a static value $USDAP after the snapshot for the fork. Bitcoin and Peercoin holders will receive $XAP, which is subject to market health and volatility due to access via exchanges. Bitcoin and Peercoin holders who would like to exit the volatility can simply mint into $USDAP whenever they would like to.

WITH A GOAL IN MIND
AS LIGHT AS AIR
Bitcoin Air has one goal to unify the world through safe, secure, and transparent payments. Decentralizing the overall power of value and returning it to the people through the Blockchain.

OUR MISSION
Bitcoin Air’s mission is to design and produce the first viable attempt at tackling the key issues associated with cryptocurrency, small business and environmental risks at hand today. By producing the first Carbon Credit Asset-Backed Dual-Chain Blockchain, Bitcoin Air leads the way in pioneering the adoptability, scalability, and overall benefits of using the Blockchain. Combining this technology with Green Initiatives and a viable means of Asset-Backing, Bitcoin Air creates the first Living Ecosystem dedicated to reducing the Human Footprint, lowering the cost of living, and increasing the overall quality of life.

OUR VALUE
Bitcoin Air values transparency, security, integrity, and power to the people. We feel any and all decisions guiding a communities path should be up to the people themselves. The only thing we should ever ensure is the security and well-being of our community. This in turn brings us to our value of integrity. Ensuring that we are transparent with you all and maintain the same truths to ourselves as we do you our people. Bitcoin Air also thrives on the idea that the world can pursue a clean means of growth without destroying the lives of others and the ground under our feet. We at Bitcoin Air strive to produce a truly positive force in Crypto Space that can change things for the good of our future generations.

ROADMAP
BITCOIN AIR PRE-FORK
ROAD MAP
The official Announcement of Bitcoin Air Development will begin with a short paper release
This will include our website details and links, fork details,vision and technology short statement
1

JUNE

Development and Administrative teams are Finalized
Open Development Q&A on Discord for Community Involvement
15

JUNE

1

AUGUST

Development of the New HDPoS/W Algorithm Plan
Development of the Air Protocol Begins
Development of Bitcoin Air Begins
Continued Development of a Secure Mint/Burn Procedure
Start of Wallet Developments for Desktop and Mobile Applications
The official Announcement of the Date for the Upcoming Snapshot
15

AUGUST

SEPT./ OCTOBER

Final Development Push to Reach the Main Net Snapshot Date
Implementation of the Air Protocol Core to the Bitcoin Air Core
Fork Date Expected Before the End of 2018

ANN : https://bitcointalk.org/index.php?topic=5044039.new#new
WEBSITE : https://bitcoinair.org/
SHORTPAPER : https://bitcoinair.org/wp-content/themes/btc_air/downloads/ShortPaper.pdf
TWITTER : https://twitter.com/BitcoinAirUSA
TELEGRAM : https://t.me/BitcoinAirENG
GITHUB : https://www.github.com/BitcoinAir
MEDIUM : https://medium.com/@BitcoinAirNews
DISCORD : https://discordapp.com/invite/Cr92Htu
Telegram: https://t.me/BitcoinAirENG
Reddit: https://www.reddit.com/r/BitcoinAir/
Twitter: https://twitter.com/BitcoinAirNews
Twitter: https://twitter.com/BitcoinAirUSA
Discord: https://discord.gg/Cr92Htu
Medium: https://medium.com/@BitcoinAirNews
Github: https://www.github.com/BitcoinAir
Announcements: https://t.me/BitcoinAirANN

PROFIL : https://bitcointalk.org/index.php?action=profile;u=2355061
ETH : 0xA705e39B623c621754F0891C411A8d419c266aAF

Sort:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://medium.com/mr-kr%C3%BCgers-world-of-crypto/bitcoin-air-q-a-1d774af58c5a