Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 187. (Read 506425 times)

Aurora Coin and Einsteinium Coin are the only 2 coins that really have my attention right now.

Everyone else is release a clonecoin, meanwhile, these 2 coins are building toward something significantly impactful.

Well, where do you live? Don't you have government smart card ID's? Don't you have Mobile certificates? Don't you have banking account on the network? They are all quite common ways to identify citizens here in Finland, and I 'v heard it is a lot more widespread in Iceland. If not yet, 1000$ reward for getting one certainly increases the usage of them.

http://www.mobiilivarmenne.fi/en/faq/

Edit: well, if Iceland is getting a 400M$ boost on their economy, I wouldn't be surpriced, if their government actually helps.

Well, some people will sell and some will buy.  The ones that buy will probably be buying life changing inter generational wealth.  

The logistics of selling will be challenging for most people and most critically will force them to understand how to use a wallet, check their transaction on the blockchain and the concept of private keys.

Most people won't sell everything "just in case" it goes up further.  Most people will sell maybe 10% to 50% of the AUR coins, whilst others will probably accumulate.  A fair number will try to buy things with Auroracoin from local merchants.

The important thing to understand is that the value of each AUR is not really that important (other than the fact that everyone gets a free $1,000 to start with). The whole point of the exercise is to educate people about cryptocurrency, how it works and to overcome apathy.  

This exercise will be good for Iceland and for Bitcoin itself.  People will realise that cryptos are like cash and can be transferred without governmental interference.

You make some good points and most have been raised already even before this cypto was worth a snot (review thread) however since there are 16GHs+ on the network and a value of .07 BTC this is really now just about how high we can go. The blueprint is set to be updated per developers language on the site however sounds like a mighty feat from a guy that hacked up LTC daemon. If we want this coin to succeed we need to rally as a community and create a push for this coin unlike the crypto world has ever seen. Take to social media, your local news outlets, discuss with friends, family outside crypto world, robo call icelanders..
The dev cannot do this alone, he needs support and the success of this will bring all of us success. We need to start asking what we can do to help this coin succeed, the plan is ambitious but it needs a path to success.

+1

Quit asking legitimate questions.

You ever see how the U.S. delivers food to impoverished tribes in Africa?

OP is simply going to hand-drop sd cards onto iceland citizen's homes via a helicopter.  One by one until he finishes in 2030.

Maybe the first few would sell and get about $1,113. Then everyone else would sell and the supply would inflate to the point that everyone gets the equivalent of a free gumball.

The only thing that would slow down the selling pressure is that most people wouldn't know what exactly they have or how to sell it.

Spectacular rise in here:

http://coinmarketcap.com/

Most Icelandic people don't know about bitcoin.  They also don't know auroracoin but right now, each auroracoin is worth $35 and every Icelander will get 31.8 AUR absolutely free, which equates to US $1,113.

Who would say no to a free $1,113?  So, as they claim the AUR coins, Icelanders will learn about cryptos, how to claim it, store it, sell it and use it in trade.  It's a really clever strategy to increase crypto adoption.

AUR has the potential to surpass bitcoin because if it is adopted in Iceland, we could see the entire economic cycle functioning using auroracoins. That would be something amazing indeed.  

I just hope the dev doesn't mess up the airdrop.  They might want to do it in batches - something like allowing claims for people with odd year births and then even year births on the next day.

They all dont have bitcoins. They will have AuroraCoins.

People. The creator is from Iceland, I think.

I have a number of questions.

Do we have any sign of cooperation from the government of Iceland to help distribute this coin?
Is this database of every citizen of Iceland that is needed to distribute Auroracoin accessible without the permission of the government of Iceland?
If access to this database cannot be obtained, how will the coins be distributed fairly?
Even if access is obtained, how does someone prove their identity?
How do you prevent one person from claiming coins for multiple people?
Will the "airdrop" be online?
Once the "airdrop" commences, what will prevent a non-Icelandic citizen from claiming coins? IP-address checking? Could a non-citizen log in via proxy in Iceland, guess an ID number of a citizen, and claim coins, thus locking that citizen out of their claim?

The website makes vague claims about using a database to distribute the coins, but no specifics. Is there a real plan in place, or are we just hoping it all works out and everyone is honest? There is a unique number for every citizen of the USA and a database linking them (social security), but the government doesn't let everyone have access to it.

I have serious doubts about how this could be distributed fairly without the cooperation of the government, which to my knowledge, hasn't even acknowledged the existence of this coin.

stupid question...

but why doesn't iceland adopt bitcoin?  What makes this coin different?

hey wtf is up with the diff, 4000 to 2000 and now next diff is 500? global hash hasn't changed...anyone know?

I told you this coin will surpass BITBARs value 

Aamen.
I have been collecting these to my wallet by any means possible.

100K in pesos lol? If you have money and want to buy crypto, clearly AUR is the way to go for the immediate future, however I would expect your 100K will drive up the price even further so buy with a strategy. Look at the charts buy on cup/handle pattern and lock in your profits within a week, then speculate the rest or cash out. Please don't forget to send me a tip

AUsaqVCDbpFiWfPLim9DtHRWSaY16QzqXr

I think all Icelandic people who are savvy enough to understand this crypto will want to exchange it as they will only fundamentally understand auroracoins value as being a monetary conversion not a new currency revolution. You and I plus everyone on this thread understand cryptos better that 99.9% of the population in iceland. If someone said heres 30 Cows, you can keep them as an investment in livestock or sell them to for $300, which would you choose, unless your already a farmer the clear chose is to cash out and realize your found money. Also with "Found Money', people spend it free money, be it lottery winnings, tax returns or found money. So expect a dump and if there is stability after the dump possible a rise. In fact ideally you would want gradual adoption as it will limit the available coins and build recognition of the coin. If 100% Icelanders adopt on round 1 then you will have too much liquidity and price will fall however if only 5% adopt there will still be a limited amount of coins on the market and hopefully some will go into commerce and as others anxiously wait for Round 2 of the airdrop then they will have a little more knowledge of the coin compared to the few that do on Round 1.

Make your own decisions.

No one really knows anything.

It's all specuation

Damn, this coin's difficulty is already higher than Litecoin's? Insane.