New pool is here!
http://aur.styx.net.pl
Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 140. (Read 506425 times)
Man, there is a heap of delusion here, by people who don't understand basic math, apparently. What do you suppose would happen to the buying power of the US dollar, if all of the other countries that hold it unceremoniously dropped it on the US economy? It would plummet, because there would be such an overabundance of supply. Right now the available supply of Auroracoin is tiny, compared to what has been mined. When that pre-mined coin enters circulation, it is INEVITABLE that the value will tank, as that value gets divided amongst all of the coin in circulation.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
a mobile wallet is in development and i believe slated to be released around the fork or air drop date. i fully expect it to tank on the 23-25 but is it going to skyrocket again before then if yes ill probably cash out the 20th on an upside the difficulty is dropping like a rock at 4700 now was 7800 soon 2500 maybe 1000 then back where it should be. There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
I also find interesting than lots of AUR sceptics are on the MAZA bandwagon... yea, cuz that's surely going to go swell instead!
It the usual:
earthcoin worldcoin
doge moon
panda panda =)))
When two coins share a bit of their target base or some other similarities or are launched at the same time the trolling begins.
Here's a tip for all the miners who keep dumping your shit on the market:
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
Except miners don't have faith in the coin (which is understandable) and rather cash in now than gamble on the future.
Right now the coin can't even process transactions within a reasonable timeframe and the developers are MIA.
Besides, miners can't even dump right now because the developers forgot to implement KGW.
Yet, for some reason, they continue to mine it. As long as they're gonna do that, they might as well try to get as much out of it as they can. Even if one doesn't expect it to do well in the future, it's still in his best interest to sell wisely now. Dropping a bunch of coins for sale at one price decreases the price right now, and delays the sale of those same coins that he's trying to sell. As much as one might like for it to be otherwise, everyone cannot sell at the same time. It's impossible, because the buyers don't all show up at the same time. There is enough hype about this coin to keep the price high between now and March 25. After that, mayhem. But until then, keep cool, don't panic, sell like you know what you're doing.
Don't blame the miners, at least the small miners not joined in auto-profit switching pools. The smaller miners are the ones keeping the coin alive with the highest operating costs and can't afford much speculation. Blame the auto-profit-switching pools for dumping their coins all at once and of course the pure speculators hopping from one coin to the other, bailing out when profit margins get to low.
I'm not blaming anyone. I just happen to know that people who acquire coin by mining are not vested at some particular price, and because of this will typically sell with less regard for the sale price than someone who acquired their coin by paying some amount of some other coin. This applies to all miners. People who are trading do stupid things too. They sometimes panic and dump all their coins on the market because they think it's gonna crash. Their fears are not unjustified either because coins do crash. But, with this one, we have this looming hype over March 25th that gives us all something of a buffer of comfort.
Profit Switching:
If a coin follows its block target, profit mining can't affect the price any more than any other kind of mining, because blocks are still found at the same rate. It hurts other miners because it suddenly drives up the hash rate and, in turn, the difficulty, which, if the difficulty is slow to adjust down, actually slows the rate of coin production after they've switched to another coin, leaving the remaining miners with the same hash rate they had before and a higher difficulty, which, if the difficulty is set to adjust after some number of blocks, will take a lot longer to return to the lower value than it took to raise it.
I also find interesting than lots of AUR sceptics are on the MAZA bandwagon... yea, cuz that's surely going to go swell instead!
It very simple, sell HIGH and buy LOW
Btw,i don't sell under .125
Btw,i don't sell under .125
same over here. let's take a look how far we can go.
This. Selling under 0.125 = feeding the whales cheap coins. When will these morons learn.
It's interesting that Cryptsy is not showing the complete list of orders.
+1
I was scrolling and scrolling but no chance to see the complete list of orders. It would be very interesting to see where the whales are 'parking'.
Why do you all doubt Icelands acceptance of anything?
1) http://dealbook.nytimes.com/2013/12/23/morning-agenda-the-bitcoin-mines-of-iceland/ OLD NEWS but bitcoin booms there!
2) http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country Quote: " Iceland No Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal. The Icelandic Central Bank confirmed that "it is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act",[19] however commentators suggest bitcoins mined within Iceland could be freely traded."
Meaning, that a NATIONAL crypto currency is not illegal to trade within it's own borders, dependant on merchant acceptance......... ?
1) http://dealbook.nytimes.com/2013/12/23/morning-agenda-the-bitcoin-mines-of-iceland/ OLD NEWS but bitcoin booms there!
2) http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country Quote: " Iceland No Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal. The Icelandic Central Bank confirmed that "it is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act",[19] however commentators suggest bitcoins mined within Iceland could be freely traded."
Meaning, that a NATIONAL crypto currency is not illegal to trade within it's own borders, dependant on merchant acceptance......... ?
It very simple, sell HIGH and buy LOW
Btw,i don't sell under .125
Btw,i don't sell under .125
same over here. let's take a look how far we can go.
This. Selling under 0.125 = feeding the whales cheap coins. When will these morons learn.
It's interesting that Cryptsy is not showing the complete list of orders.
Can anyone tell me what the fuck is going no with Cryptsy? I only see a smal portion of the orders on the lists. For example, I have sell orders at 0.14 ready for when it goes up again soon, but it's not showing on the list, I only see a small range of orders going from
0.06433430 0.01199700 0.00077182
to
0.06999000 0.00058370 0.00004085
where are the higher ones?
0.06433430 0.01199700 0.00077182
to
0.06999000 0.00058370 0.00004085
where are the higher ones?
Hi All,
quick update for those who were mining on mineabit.
The pool was subject to a ddos attack over the last couple of days which ment fixing the email issues was more complicated than expected.
Email notifications for password resets and account settings are now working again.
As the pool had no fees and was entirely relying on miners donations to survive I have no other choice but to pull the plug.
For transparency let me point out that the total amount of AUR donated to the pool is 1.758 AUR.
Minimun auto payout has been set to 0.0001 AUR
Minimum manual payout has been set to 0.0001 AUR
TX fee set to 0.000001 AUR
The stratum server will remain off.
The size of the DDOS attacks make it impossible to run a pool on such small income given the disruption caused and the amount of work hours used for such.
I consider this a very sad issue for the cryptourrencies in general but there is always a bad apple in every tree.
Some limited themselves at filling my inbox with insults, others were capable of reading and others were understanding of the situation.
Should anyone wish to donate to keep the pool alive please use this address: AN8df2mQTJNGfBMdTV7bq8XBeFqvcmxm6Q
For those who have funds pending withdrawal please proceed to do so and those waiting for the last block found by the pool do not worry, I will wait until that has confirmed.
My best wishes of a successful airdrop!
quick update for those who were mining on mineabit.
The pool was subject to a ddos attack over the last couple of days which ment fixing the email issues was more complicated than expected.
Email notifications for password resets and account settings are now working again.
As the pool had no fees and was entirely relying on miners donations to survive I have no other choice but to pull the plug.
For transparency let me point out that the total amount of AUR donated to the pool is 1.758 AUR.
Minimun auto payout has been set to 0.0001 AUR
Minimum manual payout has been set to 0.0001 AUR
TX fee set to 0.000001 AUR
The stratum server will remain off.
The size of the DDOS attacks make it impossible to run a pool on such small income given the disruption caused and the amount of work hours used for such.
I consider this a very sad issue for the cryptourrencies in general but there is always a bad apple in every tree.
Some limited themselves at filling my inbox with insults, others were capable of reading and others were understanding of the situation.
Should anyone wish to donate to keep the pool alive please use this address: AN8df2mQTJNGfBMdTV7bq8XBeFqvcmxm6Q
For those who have funds pending withdrawal please proceed to do so and those waiting for the last block found by the pool do not worry, I will wait until that has confirmed.
My best wishes of a successful airdrop!
Here's a tip for all the miners who keep dumping your shit on the market:
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
Except miners don't have faith in the coin (which is understandable) and rather cash in now than gamble on the future.
Right now the coin can't even process transactions within a reasonable timeframe and the developers are MIA.
Besides, miners can't even dump right now because the developers forgot to implement KGW.
Yet, for some reason, they continue to mine it. As long as they're gonna do that, they might as well try to get as much out of it as they can. Even if one doesn't expect it to do well in the future, it's still in his best interest to sell wisely now. Dropping a bunch of coins for sale at one price decreases the price right now, and delays the sale of those same coins that he's trying to sell. As much as one might like for it to be otherwise, everyone cannot sell at the same time. It's impossible, because the buyers don't all show up at the same time. There is enough hype about this coin to keep the price high between now and March 25. After that, mayhem. But until then, keep cool, don't panic, sell like you know what you're doing.
Don't blame the miners, at least the small miners not joined in auto-profit switching pools. The smaller miners are the ones keeping the coin alive with the highest operating costs and can't afford much speculation. Blame the auto-profit-switching pools for dumping their coins all at once and of course the pure speculators hopping from one coin to the other, bailing out when profit margins get to low.
No, blame poor planning and nonsensical business plans from the devs and lazy investors who jumped on a band wagon rather than looking into it,
This coin was always going to fail.
Man, there is a heap of delusion here, by people who don't understand basic math, apparently. What do you suppose would happen to the buying power of the US dollar, if all of the other countries that hold it unceremoniously dropped it on the US economy? It would plummet, because there would be such an overabundance of supply. Right now the available supply of Auroracoin is tiny, compared to what has been mined. When that pre-mined coin enters circulation, it is INEVITABLE that the value will tank, as that value gets divided amongst all of the coin in circulation.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
You guys should make up your minds.
1)Half of you is claiming that distribution to the icelandic people CAN'T happen because of technical and volume difficulties
2)Then there's the likes of you, that claim price will plummet after airdrop.
So which one is it?
They can't be both.
3) The dev will say that he started distributing coins but he will just rush coins to the exchangers in small batches to fake the distribution and sell-off by the Icelanders.
It covers both 1 and 2.
Doesn't matter, the coin is still doomed.
Here's a tip for all the miners who keep dumping your shit on the market:
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
Except miners don't have faith in the coin (which is understandable) and rather cash in now than gamble on the future.
Right now the coin can't even process transactions within a reasonable timeframe and the developers are MIA.
Besides, miners can't even dump right now because the developers forgot to implement KGW.
Yet, for some reason, they continue to mine it. As long as they're gonna do that, they might as well try to get as much out of it as they can. Even if one doesn't expect it to do well in the future, it's still in his best interest to sell wisely now. Dropping a bunch of coins for sale at one price decreases the price right now, and delays the sale of those same coins that he's trying to sell. As much as one might like for it to be otherwise, everyone cannot sell at the same time. It's impossible, because the buyers don't all show up at the same time. There is enough hype about this coin to keep the price high between now and March 25. After that, mayhem. But until then, keep cool, don't panic, sell like you know what you're doing.
Don't blame the miners, at least the small miners not joined in auto-profit switching pools. The smaller miners are the ones keeping the coin alive with the highest operating costs and can't afford much speculation. Blame the auto-profit-switching pools for dumping their coins all at once and of course the pure speculators hopping from one coin to the other, bailing out when profit margins get to low.
Here's a tip for all the miners who keep dumping your shit on the market:
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
If you really like to sell at lower prices, keep doing that. If you prefer to sell at higher prices, then take it easy on the sell side, and spread your orders out a little bit.
It wouldn't kill you to participate in the trading a little bit, either.
Except miners don't have faith in the coin (which is understandable) and rather cash in now than gamble on the future.
Right now the coin can't even process transactions within a reasonable timeframe and the developers are MIA.
Besides, miners can't even dump right now because the developers forgot to implement KGW.
Yet, for some reason, they continue to mine it. As long as they're gonna do that, they might as well try to get as much out of it as they can. Even if one doesn't expect it to do well in the future, it's still in his best interest to sell wisely now. Dropping a bunch of coins for sale at one price decreases the price right now, and delays the sale of those same coins that he's trying to sell. As much as one might like for it to be otherwise, everyone cannot sell at the same time. It's impossible, because the buyers don't all show up at the same time. There is enough hype about this coin to keep the price high between now and March 25. After that, mayhem. But until then, keep cool, don't panic, sell like you know what you're doing.
Man, there is a heap of delusion here, by people who don't understand basic math, apparently. What do you suppose would happen to the buying power of the US dollar, if all of the other countries that hold it unceremoniously dropped it on the US economy? It would plummet, because there would be such an overabundance of supply. Right now the available supply of Auroracoin is tiny, compared to what has been mined. When that pre-mined coin enters circulation, it is INEVITABLE that the value will tank, as that value gets divided amongst all of the coin in circulation.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
You guys should make up your minds.
1)Half of you is claiming that distribution to the icelandic people CAN'T happen because of technical and volume difficulties
2)Then there's the likes of you, that claim price will plummet after airdrop.
So which one is it?
They can't be both.
3) The dev will say that he started distributing coins but he will just rush coins to the exchangers in small batches to fake the distribution and sell-off by the Icelanders.
It covers both 1 and 2.
Man, there is a heap of delusion here, by people who don't understand basic math, apparently. What do you suppose would happen to the buying power of the US dollar, if all of the other countries that hold it unceremoniously dropped it on the US economy? It would plummet, because there would be such an overabundance of supply. Right now the available supply of Auroracoin is tiny, compared to what has been mined. When that pre-mined coin enters circulation, it is INEVITABLE that the value will tank, as that value gets divided amongst all of the coin in circulation.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
You guys should make up your minds.
1)Half of you is claiming that distribution to the icelandic people CAN'T happen because of technical and volume difficulties
2)Then there's the likes of you, that claim price will plummet after airdrop.
So which one is it?
They can't be both.
Fo anybody that wants to know more about national ID system in Iceland please feel free to check the link below.
http://bjss.bifrost.is/index.php/bjss/article/viewFile/63/65
It is clear that this idea can be executed via the ID system.
http://bjss.bifrost.is/index.php/bjss/article/viewFile/63/65
It is clear that this idea can be executed via the ID system.
Do you think we are all retarded? Yes, we know there is a national ID system. We know what information is in it.
What you should have had, before a single coin was mined, was a detailed plan you could give to an Icelander about how they will get coins. Step by step, no hand-waived half-assed explanations. A fucking pamphlet you give to someone treating them like they are in kindergarten, with nice full-color cartoons with each step of what they will do to get their coins.
Here's just a few questions that we don't know, that would be nice to be answered instead of being hand-waived away with a condescending comment:
Will there be a website doing automated live checks of the database directly? If so, what are all of the implementation details? What information will each citizen need to prove their identity? Each Icelander has access to this database, so how can it possibly be used as an authentication mechanism to prove identity?
If automatic checks won't be used, will people have to wait while a person checks each individual request?
Will people get physical objects with instructions for redeeming coins? If so, what? What materials will be used? Who will do it? Where's the money to buy all this material coming from?
You people want ME to do homework? You're the one who wants to make this work. This shouldn't even be an issue! You should have had full-proof step-by-step plans an idiot could follow before day 1.
If you supporters are actually for real then I don't think you understand the gravity of the situation. You are trying to supplant a national currency, on an arbitrary deadline, without exact implementation details worked out ahead of time. You want to take away a government's seigniorage and control of the money supply. That alone will make this really fucking difficult, not even accounting for everything else. This task requires more than a few bronies half-assing it while constantly high on marijuana.
You people really need to calm your shits down. It's an experiment, we're taking risks to see where this pushes us. If everyone sat on their butts complaining on forums all day the world would move backwards with the stupidity spewed on here. Some people are in it for the payout, some are in it cause they believe in the cause, some just wants to see a real world case for crypto. There's many reasons why people might be interested in Aurora, and your smart ass sitting behind the computer making all your observations is doing nothing to push anything forward. It's people like you who can only sit there and say it's too difficult...therefore you should scrap it...don't even try...it's a waste of time. While people like us work hard to surpass that mindset and move the world onto new things. Just know that you're not doing anything by pointing out the flaws that have already been stated. Provide solutions, ideas, use your brain. If you're not here for that then why bother. The reality of tomorrow is built on the dreams of today. Maybe get your head out of your ass and contribute your time to something that betters our world. Maybe go figure out how to solve world hunger...war...etc. We'll handle aurora, don't think we need your help.
Man, there is a heap of delusion here, by people who don't understand basic math, apparently. What do you suppose would happen to the buying power of the US dollar, if all of the other countries that hold it unceremoniously dropped it on the US economy? It would plummet, because there would be such an overabundance of supply. Right now the available supply of Auroracoin is tiny, compared to what has been mined. When that pre-mined coin enters circulation, it is INEVITABLE that the value will tank, as that value gets divided amongst all of the coin in circulation.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
There are going to be a lot of tears among those who thought that somehow this coin's launch would catapult it to Bitcoin pricing levels. I have actually read people claiming that. Unreal.
The people posting this stuff are trying to warn you. Do not be holding the bag on this. make your profit and get out.
It's not bad enough that the coin barely functions and has zero supporting infrastructure (not even a mobile wallet), it had to have a cult form behind it, too.
Fo anybody that wants to know more about national ID system in Iceland please feel free to check the link below.
http://bjss.bifrost.is/index.php/bjss/article/viewFile/63/65
It is clear that this idea can be executed via the ID system.
http://bjss.bifrost.is/index.php/bjss/article/viewFile/63/65
It is clear that this idea can be executed via the ID system.
But you can't use a public database as a way to authenticate someone. That's like using a phone book - "you say you're John Smith of 123 lane, oh yes here you are it must be you." If you do a quick Google on kennitala you'll quickly see that it is not used for authentication.
It very simple, sell HIGH and buy LOW
Btw,i don't sell under .125
Btw,i don't sell under .125
same over here. let's take a look how far we can go.
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