wth?? 50% premine and already it has market cap almost a billion bucks??
WHY is this coin so popular now?
short answer it isnt.. it is being pumped. It will drop and a lot as they move on.
longer answer.
This little experiment could be a major watershed event for the entire alt community. which is why the entire community is getting behind this coin.
Iceland is fucked right now with banking and inflation. People arent happy.
One of the inherent promises of crypto is that we are slightly protected from teh shanagins of those in power.
Crypto has a couple big problems right now.. it is complex and normal people dont understand and it scares them.
MTGOX didnt help things much. with the general public.
something like this coin being successful would be like a tidal wave across the markets.
Right now with Ukraine and russia you see the Ukrainian people dumping their rubles and picking up american dollars at a premium. They are pretty much losing money now, out of fear of losing more money later. A minority of smart ukrainians said fuck us dollars and changed to btc instead. They did not lose as much as those who converted to dollars.. plus they can move their money around to where they feel safe.. with dollars it can be a bit trickier and longer to do.
if aurora turns successful, instead of seeing people dump into dollars and gold when problems happen, they will dump into crypto.
plus if it becomes more than that, but as an alternative and FUNCTIONING market currency, that will just steam roll this entire crypto thing across the planet.
so basically it is very popular and everyone is behind it, because this is a tiny experiment, set to prove the CLAIMS of why crypto is so awesome.
It very well could bite the entire alt coin community in the ass if he runs with the money.
but everyone and their mother wants this to actually work.
well except the icelandic government which is shaking in their boots right now.
"It very well could bite the entire alt coin community in the ass if he runs with the money." - this is what going to happen.
But anyway, I am reading the thread and still don't understand why is it an experiment? What is innovative with this coin? The guy says he will give some coins to every iceland citizen? Ok, even if he will - when you give away the money it will drop its value. Its just common sence. You have to work hard for the given ammount of money so the money will increase its value. How is he different from the crooked governments that try to solve their problems by giving people worthless wastepaper?
http://cdn.randomfunnypicture.com/wp2/wp-content/uploads/2010/09/inflation-is-awesome.jpg
Thanks for the cheap coins... to the m0000n 
