[ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 15.

molecular

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Activity: 2772

Merit: 1019

Quote from: rocanonz on March 22, 2015, 06:17:25 PM

Quote from: molecular on March 22, 2015, 06:06:46 PM

Quote from: rocanonz on March 22, 2015, 02:10:12 PM

Quote from: molecular on March 22, 2015, 01:59:08 PM

Quote from: rocanonz on March 22, 2015, 09:18:56 AM

Quote from: molecular on March 22, 2015, 07:14:37 AM

Quote from: rocanonz on March 22, 2015, 06:54:17 AM

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing Wink

OK

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

Perfect, I'm totally in. Deadline 31/03/2015, 23:59. BTC 0.06

Perfect.

Give me some time to react, though. I'll be travelling at the time.

EDIT: timezone of your date? UTC?

OK. Iceland time zone GMT

couple hours left, but I'll be travelling for a few days and have to go now, so I'm posting prematurely:

looks like I won the bet, rocanonz?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: rocanonz on March 31, 2015, 09:14:57 AM

Quote from: dinobotta on March 31, 2015, 07:59:51 AM

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

A radical change would be if the monetary authority was not in the hands of a select few, but in the hands of the people at large (aka: free market money).

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: BioMike on March 31, 2015, 02:33:42 PM

You mentioning that he hasn't been on the forum for a long time... did someone contact him? In case he was just busy with more important IRL things.

It will be almost a year now though Sad

, my bet is that he waiting for a community takeover of the coin.

BioMike

legendary

Activity: 1658

Merit: 1001

You mentioning that he hasn't been on the forum for a long time... did someone contact him? In case he was just busy with more important IRL things.

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: rocanonz on March 31, 2015, 01:55:51 PM

Quote from: LTEX on March 31, 2015, 10:52:36 AM

Quote from: dinobotta on March 31, 2015, 09:57:57 AM

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple Wink

Balduro delivered all what he promissed. Do we need a "coup d'etat" after the airdrop? Does this make a good story for the coin?
I might be wrong but I suspect the reason why the premined coins are not burned is the lack of Auroracoin Foundation or the initialy proposed Icelandic Criptocurrency Society.
The foundation was a part of the plan right from the begining (one year ago) and I hope will be established soon.
Ask yourself why the coins are not burned yet?

I have not been following this coin for awhile, if he has been keeping to his word then wait it out.
Look he's not lying when he says he will destroy the premine because he never gave a date and time. So it might get destroyed tomorrow or next month or next year or next decade.

rocanonz

full member

Activity: 131

Merit: 100

Quote from: LTEX on March 31, 2015, 10:52:36 AM

Quote from: dinobotta on March 31, 2015, 09:57:57 AM

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple Wink

Balduro delivered all what he promissed. Do we need a "coup d'etat" after the airdrop? Does this make a good story for the coin?
I might be wrong but I suspect the reason why the premined coins are not burned is the lack of Auroracoin Foundation or the initialy proposed Icelandic Criptocurrency Society.
The foundation was a part of the plan right from the begining (one year ago) and I hope will be established soon.
Ask yourself why the coins are not burned yet?

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: LTEX on March 31, 2015, 10:52:36 AM

Quote from: dinobotta on March 31, 2015, 09:57:57 AM

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple Wink

Option 1 is not going to happen, lets be real. So start working towards option 2 or you will still be waiting here until next year living a dream. Make it happen dev!

BioMike

legendary

Activity: 1658

Merit: 1001

Quote from: rocanonz on March 31, 2015, 09:14:57 AM

Quote from: dinobotta on March 31, 2015, 07:59:51 AM

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

Interesting read, but the proposed monetary system has some flaws... banks are reduced to administrative accounting institutions (they don't really handle the money anymore) and a party could potentially have a strong influence in the government and the money creation group (or have pawns at those places), which would mean unlimited free money for that party (and another financial crisis).

@LTEX, any info on how you want to achieve point 2? Are you just going to forbid the transfer from that/those address(es)?

LTEX

legendary

Activity: 1023

Merit: 1000

ltex.nl

Quote from: dinobotta on March 31, 2015, 09:57:57 AM

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple Wink

dinobotta

full member

Activity: 248

Merit: 100

Maby that's better than just balduro holding on to the premine.

rocanonz

full member

Activity: 131

Merit: 100

Quote from: dinobotta on March 31, 2015, 07:59:51 AM

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

dinobotta

full member

Activity: 248

Merit: 100

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

I'm not sure if this is in the right direction or not. This kind of system will only move the money printing corruption into the political arena, where politicians pick the people who decide how much money the Central bank should print and then they, the politicians, spend it into the economy.

This shows that radical ideas are being discussed in parliament and within the government to change the monetary system. This of course will take a few years to be discussed in parliament, but shows that our ideas of using Auroracoin to implement these changes are not just ideas of a few nuts.

Skarfur

sr. member

Activity: 258

Merit: 250

Quote from: rocanonz on March 30, 2015, 11:39:36 PM

Quote from: Bimmerhead on March 30, 2015, 06:15:03 PM

Quote from: Danslip on March 30, 2015, 02:30:24 PM

No community here, just people waiting for somebody to do all the work for them. I will stay tuned for your progress and lets see if your development team delivers.

LOL Well at least you admit it! Grin

Very funny, indeed!

))

Wow! this could be bct's slogan "No community here, just people waiting for somebody to do all the work for them".

rocanonz

full member

Activity: 131

Merit: 100

Quote from: Bimmerhead on March 30, 2015, 06:15:03 PM

Quote from: Danslip on March 30, 2015, 02:30:24 PM

No community here, just people waiting for somebody to do all the work for them. I will stay tuned for your progress and lets see if your development team delivers.

LOL Well at least you admit it! Grin

Very funny, indeed!

))

Bimmerhead

legendary

Activity: 1291

Merit: 1000

Quote from: Danslip on March 30, 2015, 02:30:24 PM

No community here, just people waiting for somebody to do all the work for them. I will stay tuned for your progress and lets see if your development team delivers.

LOL Well at least you admit it! Grin

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: LTEX on March 30, 2015, 01:54:33 PM

Your findings are accurate Danslip, your conclusions a little less.

Yes, Balduro has left the scene and has chosen to remain silent. This can be worrisome to say the least. On the other hand, he has been a man of his word avery step of the way and the only thing that remains is for him to act upon his promise to destroy the remaining pre-mined coins.

The beauty of it all is, that we don't really need him to do this anymore. There is a new DEV team already working very hard to take over this magnificent project. The first step will be a hard fork where the pre-mine will be destroyed for Balduro if he doesn't keep his promise. This is the power that lies within the community and, the way I see it, also what Balduro has been anticipating all along.

I'd say, stay tuned! Wink

No community here, just people waiting for somebody to do all the work for them. I will stay tuned for your progress and lets see if your development team delivers.

LTEX

legendary

Activity: 1023

Merit: 1000

ltex.nl

Your findings are accurate Danslip, your conclusions a little less.

Yes, Balduro has left the scene and has chosen to remain silent. This can be worrisome to say the least. On the other hand, he has been a man of his word avery step of the way and the only thing that remains is for him to act upon his promise to destroy the remaining pre-mined coins.

The beauty of it all is, that we don't really need him to do this anymore. There is a new DEV team already working very hard to take over this magnificent project. The first step will be a hard fork where the pre-mine will be destroyed for Balduro if he doesn't keep his promise. This is the power that lies within the community and, the way I see it, also what Balduro has been anticipating all along.

I'd say, stay tuned! Wink

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: LTEX on March 25, 2015, 04:42:47 AM

I foresee a final statement from Balduro coming soon ;-)

Name:   balduro
Posts:   76
Activity:   76
Position:   Member
Date Registered:   February 02, 2014, 07:55:11 PM
Last Active:   May 19, 2014, 07:52:09 PM

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

The Developer still has a lot of coins and will wait for others to build the coin up for him to cash out when the price is right. I am a avid fan of country coins but all these 50% premine ones turned out to be scams. Luckily for him he has people that will try make this coin a success. Good luck making the dev rich.

Skarfur

sr. member

Activity: 258

Merit: 250

Quote from: molecular on March 29, 2015, 03:53:49 PM

Quote from: Skarfur on March 29, 2015, 11:52:49 AM

Quote from: BioMike on March 29, 2015, 11:45:26 AM

Is there a place where I can find coin characteristics? (Mainly max coins in existence, now and in the future, when they are all mined)

Total amount of coins will be 21 million. 10.5 million coins were premined and about 50% of those are now in circulation. I estimate that mined coins till now are roughly 2.5 million so about 7.5-8 million are in circulation. The rest of the premine is currently held by Balduro and we are expecting him to destroy the rest of the coins in the next days. These are rough estimates but I'll be working soon towards getting a more accurate number.

my bitcoin-abe says "coins created: 11,945,138 AUR". I guess this is premined plus regularly mined up to now. So mined coins till now is more like 1.5 million if this is correct.

Quote from: BioMike on March 29, 2015, 03:13:25 PM

Thank you, so if I'm correct there will be about 7.5 millions AUR left to mine.

9 million left to mine according to my info.

Molecular is correct on this. Mined coins are closer to 1.5 million.

Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 15. (Read 506409 times)