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Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 167. (Read 506425 times)

legendary
Activity: 1025
Merit: 1000
ltex.nl
So you're telling me all I need to do to make a ton of money is:

  • Create a clone coin.
  • Set it to low reward/high difficulty.
  • Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
  • Get the coin onto an exchange/CoinMarketCap.
  • Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
  • Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

In 2008 Iceland experienced the following:
-All 3 national banks failed
-Their currency halved in value

I think that people are hoping that Auroracoin will be the first case of a country with currency problems adopting a cryto-currency over its fiat currency.

If it works it will pave the way for other countries with currency problems to do the same thing.

Auroracoin may do for a country what Bitcoin did for the world and I think people just want to be part of it.

If you want a coin that has serious potential...  MazaCoin...   Official coin of a sovereign Indian nation.

Think about it,  in the U.S. , Indian reservations have their own sovereignty like other nations.  In short,  this a coin that is official!   

It's not some wanna be gimmick like Auroracoin... anybody can make the claim... let's airdrop to X country.

Alltough I support Mazacoin as well, it doen's have the strong potential to change the cryptocurrency landscape like Auroracoin does. First of all, the coin isn't officially supported by their gov (tribe), it's just not refused by them. Next, they are not as widely adopted into new technology as Icelanders are. Most people in this tribe don't even have a cellphone. So, adoption of Maza will be far more difficult than AUR.
hero member
Activity: 778
Merit: 1000
My impression of the people buying into the 100,000 circulating Auroracoins before the market is flooded with 10,500,000 Auroracoins: "derp derp derpity derp derp derp"

My opinion on people buying in; GREAT job. We all should do that, to get aurora mainstream, to get as much support as possible for this FANTASTIC idea.
newbie
Activity: 5
Merit: 0
My impression of the people buying into the 100,000 circulating Auroracoins before the market is flooded with 10,500,000 Auroracoins: "derp derp derpity derp derp derp"
member
Activity: 112
Merit: 10
So you're telling me all I need to do to make a ton of money is:

  • Create a clone coin.
  • Set it to low reward/high difficulty.
  • Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
  • Get the coin onto an exchange/CoinMarketCap.
  • Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
  • Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

Yes, I do believe exactly that happened here. There is no guarantee it will happen every time though.





_______________________________________________________________________________ _________________________________
Next Coin Lite - Fair Distribution
newbie
Activity: 25
Merit: 0
http://www.maxkeiser.com/2014/03/auroracoin-patriotic-cryptocurrency-is-almost-worth-1-billion/

Getting some coverage so it should end up on his tv show and that will push it to the masses more.

Is this a mistake? 

Quote
It is estimated that at the time of launch, an amount of 21 million AUR will be made available to the Icelandic population.

I thought the amount premined was 10.5 million?
member
Activity: 112
Merit: 10
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full member
Activity: 195
Merit: 100
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Now at $81.99

http://coinmarketcap.com/

Will it hit $100?
member
Activity: 115
Merit: 10
I can highly recommend http://auroracoin.miners-pool.eu/

Mining there for a week. Super stable, 0 downtime, 0 rejects.

Need some more megahashes though. Come mine here!
newbie
Activity: 25
Merit: 0
such a speedy reply from embicoin! but I edited my last post.
Also  I visited the suggested exchange cryptorush and see this red message:
Slow Deposits/Withdraws
Due to the volume of AUR and BTC, we're having an issue with deposits and withdraws running much slower than they normally do, due to lag between our blockchain. The good news is everything is safe, just a lot slower. Sorry for the inconvenience this causes to everyone affected.
//

Does anyone know how many confirmations from blockchain is needed for deposited BTC to be credited into your account balance and what they mean exactly by deposits and withdrawal are running much slower than normal?   You see I don't want to waste time waiting like 6 or more hours when it could be 1 hour elsewhere.
full member
Activity: 140
Merit: 100
full member
Activity: 224
Merit: 100
does mintpal or cryptorush require less confirmations? I'm getting real tired of trading on cryptsy, sometimes my funds get held for an hour or more and ive missed out on so many trade opportunities.
edit:
mintpal: 2 confirmation
cryptorush: 3 confirmation
cryptsy: 3 conf

fml
full member
Activity: 154
Merit: 100
godamnit.. how long does 1 confirmation take on cryptsy? I got 2 more to go.

Pretty long. This coin has a much longer blocktime than most altcoins. 10 times longer.
sr. member
Activity: 249
Merit: 250
Hi everyone, I bought some BTC recently and want to speculate on a fast rising alt coin, why not AUR but I am hesitating because of all the evidence that exists it's being pumped.   I saw that CharlieShrem, the American entrepreneur who was arrested and describes himself as Bitcoin pioneer & evangelist, was pumping this coin on March 1 and 2 to his more than 8000 followers, it's been added to several exchanges and lots of mining pools support it.  The wolong pastebin worries me too because I remember the controversy on another forum when it was discovered he pumped and dumped DOGE.   

For choice of exchanges:  I was thinking of poloniex but then I saw their trollbox was blank and a twitter announced that markets were frozen, BTC was stolen and news to follow.  Oh no!  Not another hacking.  They also experienced DDOS recently. 

My next choice is cryptsy because I saw it featured on bitcoinwisdom charts and sometimes I look at it for other alt coins.   But I see they ask for full name, state and country of residence.   Sorry but I just want to trade BTC to AUR to BTC again, anonymously.   I guess I can write any name, but if the account is suspended and they ask me to verify my documents (do they do that for crypto to crypto trading?), then I won't be able to and I'll lose my coins Sad   

Other suggestions?
cryptorush.in
full member
Activity: 224
Merit: 100
godamnit.. how long does 1 confirmation take on cryptsy? I got 2 more to go.
member
Activity: 115
Merit: 10
No payouts from unipool
full member
Activity: 154
Merit: 100
Posting to subscribe to the drama when the premine dump happens Smiley
newbie
Activity: 25
Merit: 0
Hi everyone, I bought some BTC recently and want to speculate on a fast rising alt coin, why not AUR but I am hesitating because of all the evidence that exists it's being pumped.   I saw that CharlieShrem, the American entrepreneur who was arrested and describes himself as Bitcoin pioneer & evangelist, was pumping this coin on March 1 and 2 to his more than 8000 followers on twitter, it's being supported by many big shots of the crypto world,  added to several exchanges and lots of mining pools too.  The wolong pastebin worries me too because I remember the controversy on another forum when it was discovered he pumped and dumped DOGE.  

For choice of exchanges:  I was thinking of poloniex but then I saw their trollbox was blank and a twitter announced that markets were frozen, BTC was stolen and news to follow.  Oh no!  Not another hacking.  They also experienced DDOS recently.  

My next choice is cryptsy because I saw it featured on bitcoinwisdom charts and sometimes I look at it for other alt coins.   But I see they ask for full name, state and country of residence.   Sorry but I just want to trade BTC to AUR to BTC again, anonymously.   I guess I can write any name, but if the account is suspended and they ask me to verify my documents (do they do that for crypto to crypto trading?), then I won't be able to and I'll lose my coins Sad  

Finally, is there a good charting site for AUR like bitcoinwisdom?
full member
Activity: 224
Merit: 100
yea, but there's no reason to put up 600 BTC ($420,000).  There were plenty of coins avail at .11 too, but they pushed up to .13  crazyy.


btw how long does it take for deposits to confirm?  i deposit some auroracoins to cryptsy and its taking godam forever
oh nvm.. 1/3 confirmations.. godamittt
full member
Activity: 224
Merit: 100
holy shit someone is pumping this hard, did anyone else see the buy order of 600 BTC at 0.13  !!!  It was just for a split second but they bought up a lot of coins on cryptsy
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