Do we know if the government will just ban this from use in Iceland. Is there any communication at all with them to ensure this wont happen?
At current prices, each citizen of Iceland will receive $760 worth of Auroracoin. I suspect that if a politician tried to ban it, they would find themselves rather unpopular VERY quickly. 
Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 213. (Read 506425 times)
I need to question the wisdom of declaring something a 'national crypto currency' when there are so many ways it WILL go wrong.
From fraud, identity theft, to various issues with the 'distribution' plan itself, this coin just seems too ambitious for its own good. No matter how much you trumpet the technology behind the crypto currency, we know it can be made vulnerable technically. Not to mention, people may not directly attack the technology for a time being, but DEFINITELY can control or influence those that distribute, trade or own them (human beings).
You are trying to deposit a new currency into a population of an entire country, and you don't even reveal your own identity, or offer up some kind of assurance as to who you are, what you do, etc?
What is the guarantee that this 'airdrop' will actually happen? What if you are simply baiting people into hyping up this coin?
Right now, the coin is valued close to 0.05 btc per AUR. The 'hard fork' is 2-3 weeks away. Iceland's entire GDP is a little over 12 billion USD. are you telling me you are prepared to throw in over 3% of a country's yearly GDP in the form of a relatively young and untested technology and expect little to no serious complications in this 'plan'?
This isn't anything near launching a pretty new coin. It's a whole different game, and your 'plan' sounds flimsy at best as of this moment. Why would any nation 'adopt' a currency of a whole new technology that has proven vulnerable in the past, without any oversight or regulation, as the basis of their economy even by 1%?
Best you can hope for is this coin being valued at 10% of what it is now, which is what the base price was before the hype.
That is, if you are even going through with this ridiculously ambitious plan with little else other than your overly simplistic words. You left out about 1000000 other variables as to why this could not even take off, or go very VERY wrong.
Unless you come forward to reveal who you are, or provide some kind of much MUCH more detailed ideas that address extreme number of variables and problems concerning this idea, there is little to identify this coin from a pump and dump that uses the 'potential' of 'adoption by financially troubled nation' to fill your own pockets.
Answer the numerous concerns listed on this thread. Starting with addressing how this coin could possibly hold a big stake when 99% of the mining power will be off the country.
If you are trying to take advantage of supposed 'bitcoin-friendly and tired-of-fiat-country wants to jump on a logo with nothing else to back it up', and not even bothering to introduce a gravity well in the beginning of the coin, I see all the red flags of a hyped up dump scam with (in joe schmuck public eye) seemingly elaborate plan that 'backs up' your hype - another huge red flag.
Right now, it's either looking like an extremely cheeky scam, or just a very delusional and over-reaching (that's putting it mildly) attempt at some kind of crypto revolution by a lone boy behind a computer. Neither inspires any kind of confidence to replace or even chip at a fiat of a relatively small nation state.
From fraud, identity theft, to various issues with the 'distribution' plan itself, this coin just seems too ambitious for its own good. No matter how much you trumpet the technology behind the crypto currency, we know it can be made vulnerable technically. Not to mention, people may not directly attack the technology for a time being, but DEFINITELY can control or influence those that distribute, trade or own them (human beings).
You are trying to deposit a new currency into a population of an entire country, and you don't even reveal your own identity, or offer up some kind of assurance as to who you are, what you do, etc?
What is the guarantee that this 'airdrop' will actually happen? What if you are simply baiting people into hyping up this coin?
Right now, the coin is valued close to 0.05 btc per AUR. The 'hard fork' is 2-3 weeks away. Iceland's entire GDP is a little over 12 billion USD. are you telling me you are prepared to throw in over 3% of a country's yearly GDP in the form of a relatively young and untested technology and expect little to no serious complications in this 'plan'?
This isn't anything near launching a pretty new coin. It's a whole different game, and your 'plan' sounds flimsy at best as of this moment. Why would any nation 'adopt' a currency of a whole new technology that has proven vulnerable in the past, without any oversight or regulation, as the basis of their economy even by 1%?
Best you can hope for is this coin being valued at 10% of what it is now, which is what the base price was before the hype.
That is, if you are even going through with this ridiculously ambitious plan with little else other than your overly simplistic words. You left out about 1000000 other variables as to why this could not even take off, or go very VERY wrong.
Unless you come forward to reveal who you are, or provide some kind of much MUCH more detailed ideas that address extreme number of variables and problems concerning this idea, there is little to identify this coin from a pump and dump that uses the 'potential' of 'adoption by financially troubled nation' to fill your own pockets.
Answer the numerous concerns listed on this thread. Starting with addressing how this coin could possibly hold a big stake when 99% of the mining power will be off the country.
If you are trying to take advantage of supposed 'bitcoin-friendly and tired-of-fiat-country wants to jump on a logo with nothing else to back it up', and not even bothering to introduce a gravity well in the beginning of the coin, I see all the red flags of a hyped up dump scam with (in joe schmuck public eye) seemingly elaborate plan that 'backs up' your hype - another huge red flag.
Right now, it's either looking like an extremely cheeky scam, or just a very delusional and over-reaching (that's putting it mildly) attempt at some kind of crypto revolution by a lone boy behind a computer. Neither inspires any kind of confidence to replace or even chip at a fiat of a relatively small nation state.
All these pool have a .1 transaction fee ... WTH with the current transaction rate.. That is just robbery.. why cant the pool operator see this and lower their fee.. with 6mh/s of power I can only mine about 3 AUR per day but the difficulty is increasing, so that already 3% in transaction fees alone.. what to speak of if my back-up pool has only .08 AUR in it...
Do we know if the government will just ban this from use in Iceland. Is there any communication at all with them to ensure this wont happen?
has the developers talked to the government to see if they will accept and adopt it? will there will be stores and businesses that will accept it? Would this actually be able to be an official currency for the Icelandic people or will this be a large handout\charitable donation to them. Also if a whale mines and buys to get a large percentage of this coin could they theoretically control the worth of the Icelandic currency if it is accepted. By dumping everything he\she would have and plummeting the price. I want this coin to succeeded so im just pointing out any problems\ my misunderstandings early on.
I don't understand.
Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....
?
Won't the airdrop just act as the fed printing money devalueing the current money supply?
I see a lot of posts about people saying the current market cap of Auroracoin isn't real because there is less than 100,000 coins available and all of the premine isn't being taken into account. I come from an investing background with wallstreet. When you look at a stock, you can see two terms:Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....
?Won't the airdrop just act as the fed printing money devalueing the current money supply?
1. Float - This is the amount of sharing available for trading.
2. Shares Outstanding - This is the total amount of shares a stock has. This includes shares that are unavailable for trading for a variety of reasons.
The value of a stock is based upon the shares outstanding, NOT the float because investors and the market understand that at some point, those locked up shares will become part of the float. If there are very few shares available in the stock, it is said to be, "Illiquid". An illiquid stock can have wild price fluctuations when there is a lot of interest in it.
Auroracoin is illiquid. Its', "Float" is very small (less than $100,000). However, its marketcap which properly takes into account all of the coins (shares) outstanding, IS correct and the market is working to price in the fundamentals and risk associated with all those coins outstanding. As the market continues to evaluate the risk and reward associated with the airdrop, the price will continue to fluctuate.
I PERSONALLY believe a successful airdrop will result in the price being much higher than it is today but that is merely my opinion.
I don't understand.
Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....?
Won't the airdrop just act as the fed printing money devalueing the current money supply?
If widespread uptake occurs in any set region, eg obviously Iceland, it could mean that websites / services accept this coin more - a lot more I would guess. This could then have the reverse effect from an expected pump and dump: a sustained positive feedback loop that would have to occur if the coin was *generally accepted*. There's a crazy chance it could gain traction. Obviously it depends on the government not banning the coin. There's a fairly balanced article on it here: http://theconversation.com/free-cash-for-iceland-but-it-pays-to-keep-cool-about-auroracoin-23061 Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....
?Won't the airdrop just act as the fed printing money devalueing the current money supply?
I don't understand.
Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....?
Won't the airdrop just act as the fed printing money devalueing the current money supply?
Maybe somewhat. They will be going to mostly crypto newbs though. I guess it depends how many immediately sign up for an exchange and dump them. If most get held it won't impact the trading on exchanges much. It's a fascinating experiment, I can't wait to see how it turns out.Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....
?Won't the airdrop just act as the fed printing money devalueing the current money supply?
What do people think the airdrop claim rate needs to be to indicate success? I'm thinking as low as 5% the first 30 days will be a positive sign it's getting traction.
I don't understand.
Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....?
Won't the airdrop just act as the fed printing money devalueing the current money supply?
Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k?
so.. 100k /10.1m = .01
$25 x .01 = .25cents ....
?Won't the airdrop just act as the fed printing money devalueing the current money supply?
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Signup and start mining AURORA today at CharityMiningPools and receive 0% pool fees for the life of your AURORA account.* PM me here at BitcoinTalk to inform me that you have signed up for the promotion with your username
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*** Promotion active until we reach 150+ mh/s (Anyone signed up before that point will get 0% pool fees after mining for 3+ hours)
**** Does not apply to the Mandatory 0.5% Donation fee to Charity.
Be a pioneer and help us get started, come mine while making a difference.
Mandatory 0.5% donation fee goes to the BitGive Foundation this month. We welcome and encourage you to donate more to a good cause.
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How Does This Work?
All coins minded at CharityMiningPools will require a mandatory 0.5% Donation fee. This donation fee will be collected and donated to the designated charitable recipient for that given month. Though we only require a minimum 0.5% Donation fee, we welcome and encourage our miners to raise the stakes and donate more to a good cause.
Cheers!
CharityMiningPools
http://aur.easy-mine.eu/ Can't withdrawl.. hmm
Where download Auroracoin wallet for windows ? .
DONT POOL WORK?
who is a pool stable work ? .
who is a pool stable work ? .
Crunchpool seems to be working well for me. Been paid out 6 times already
Thanks! We had some downtime earlier because we were applying some patches. But we're back running solid!
Truly decentralised pool, dedicated p2pool node:
http://p2pool.crunchpool.com:12347
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wow it seems like every pool i try is shit. crypto culture sucks and sometimes cannot connect and now mine a bit is not showing any of my workers working.
DONT POOL WORK?
who is a pool stable work ? .
who is a pool stable work ? .
Please join our fast pool: aur.speedhash.eu
Launched AUR pool one hour ago and we have
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At Speedhash.eu we love SPEED! We use super fast server with Intel Xeon 3.4 GHz, 32GB RAM and SSD disk drives. 200 Mbps internet connection.
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Mine some Auroracoin with us!
Payout: Prop
Vardiff
Stratum
No Fees for the first 20 registrations!
aur.ctrlaltdefeated.us
Still a few spots left for 0% fee!
Mine some Auroracoin with us!
Payout: Prop
Vardiff
Stratum
No Fees for the first 20 registrations!
aur.ctrlaltdefeated.us
Still a few spots left for 0% fee!
We are only at 115% of the block estimate...We could get upto 500% and not find a block. It's the luck of the draw.
I have been periodically opening registrations but I want to protect the current miners so if it starts getting too much for the server I will close registrations again. All things considered we have been pretty stable and I'd like to keep it that way.
Amendment to the pool PROMOTION due to the overwhelming response we have received thus far
Brand new pool, need miners!
aur.charityminingpools.com
* PM me here at BitcoinTalk to inform me that you have signed up for the promotion with your username
** Must mine on the site for a minimum 3 hours to qualify
*** Promotion active until we reach 150+ mh/s (Anyone signed up before that point will get 0% pool fees after mining for 3+ hours)
**** Does not apply to the Mandatory 0.5% Donation fee to Charity.
Be a pioneer and help us get started, come mine while making a difference.
CharityMiningPools - Donate to Charity while you Mine!
Brand new pool, need miners!
aur.charityminingpools.com
PROMOTION
Signup and start mining AURORA today at CharityMiningPools and receive 0% pool fees for the life of your AURORA account.* PM me here at BitcoinTalk to inform me that you have signed up for the promotion with your username
** Must mine on the site for a minimum 3 hours to qualify
*** Promotion active until we reach 150+ mh/s (Anyone signed up before that point will get 0% pool fees after mining for 3+ hours)
**** Does not apply to the Mandatory 0.5% Donation fee to Charity.
Be a pioneer and help us get started, come mine while making a difference.
Been thinking about the coin since day 1 of launch.
At this point doubt the success.
Everyone saying "who isn't going to claim their free $$$$" the market cap doesn't show how much money is IN the coin, just it's value which look crackers because of pumpers. The actual level of trade is pathetic at the moment.
Everyone in Iceland is going to be given half of this coin (taking there isn't any ways whatsoever for the maker to nab some) ... which means all of them (every ID) will have 30 coins. Now these coins will be worth nothing compared to their fiat on arrival, 30 coins won't cover their personal assets. If the currency was to scale the richer folk and businesses in Iceland would have to buy up the aurora coin and competitively as the prices raise.
If they'd have set a later date for this drop until later in the year, so small trading can begin and start being accepted in remote locations in iceland... Until the coin is usable enough for the population to care.
Is the whole of Iceland going to exchange all of their fiat money across seas (unheard of levels of capital flight) for bitcoin (volatile) to buy aurora coins (volatile and made in panama) to use in all their shops which as of march still won't have capabilities to deal with this currency. Entrust the future of the Icelandic economy basically to the developer from Panama which I haven't seen a picture of or interview with.
Wandering what the backlash is if a bunch of wealthier folks in iceland buy into it early worried that their fiat wealth will be quashed and be left with 30 AUR like all the others around them.... for the airdrop to be an airdump. If there any confirmation or proof regarding this airdrop? It's a great idea, national ID system etc, of course introducing in this way is probably the worst method... ie from some dev in another country and no cooperation with the government. It's going to be a free-for-all, if it is going to be anything.
What's to stop corruption inside this ID system - employees faking IDs/stealing IDs... what about the list of missing people, homeless people, handicapped people... what about their IDs???
What is to stop people blagging or stealing or intimidating others to hand over their worth less 30 coins on mass arrival
I know there is a lot to argue but at the end of the day this was a Litecoin clone aimed at Iceland, just a target people can get sucked into because of their fiat history. Unless I'm wrong, that won't be solved by flinging their assets at a logo basically. It could be any coin, any coin could try do this system, it's just going by their interests but the people of Iceland probably trust their government for a cryptocurrency more than mr. faceless Panama Dev. It might inspire their government to create their cryptocurrency.
At this point doubt the success.
Everyone saying "who isn't going to claim their free $$$$" the market cap doesn't show how much money is IN the coin, just it's value which look crackers because of pumpers. The actual level of trade is pathetic at the moment.
Everyone in Iceland is going to be given half of this coin (taking there isn't any ways whatsoever for the maker to nab some) ... which means all of them (every ID) will have 30 coins. Now these coins will be worth nothing compared to their fiat on arrival, 30 coins won't cover their personal assets. If the currency was to scale the richer folk and businesses in Iceland would have to buy up the aurora coin and competitively as the prices raise.
If they'd have set a later date for this drop until later in the year, so small trading can begin and start being accepted in remote locations in iceland... Until the coin is usable enough for the population to care.
Is the whole of Iceland going to exchange all of their fiat money across seas (unheard of levels of capital flight) for bitcoin (volatile) to buy aurora coins (volatile and made in panama) to use in all their shops which as of march still won't have capabilities to deal with this currency. Entrust the future of the Icelandic economy basically to the developer from Panama which I haven't seen a picture of or interview with.
Wandering what the backlash is if a bunch of wealthier folks in iceland buy into it early worried that their fiat wealth will be quashed and be left with 30 AUR like all the others around them.... for the airdrop to be an airdump. If there any confirmation or proof regarding this airdrop? It's a great idea, national ID system etc, of course introducing in this way is probably the worst method... ie from some dev in another country and no cooperation with the government. It's going to be a free-for-all, if it is going to be anything.
What's to stop corruption inside this ID system - employees faking IDs/stealing IDs... what about the list of missing people, homeless people, handicapped people... what about their IDs???
What is to stop people blagging or stealing or intimidating others to hand over their worth less 30 coins on mass arrival
I know there is a lot to argue but at the end of the day this was a Litecoin clone aimed at Iceland, just a target people can get sucked into because of their fiat history. Unless I'm wrong, that won't be solved by flinging their assets at a logo basically. It could be any coin, any coin could try do this system, it's just going by their interests but the people of Iceland probably trust their government for a cryptocurrency more than mr. faceless Panama Dev. It might inspire their government to create their cryptocurrency.
Would make sense except for the fact it's opensource and it's easier for a government to audit pre-existing code rather than to generate new code.
The government would have to generate new code? All this time I thought it was GPUs and ASICs....
It is opensource. But a clone of one of the first scypt currencies. Think cryptocurrencies need more time before they hit operation for a whole country, especially with all the new features everyday.
What happens to the Aurora coin and Icelands wealth (if they bite fully) when 99% of the hashing power and coin generation comes from ASICs in other countries in a couple months?
Seriously?...
.
Some hashpower needed in stable pool (so far no disconnects and a responsive front-end).
Have a look at aur.charityminingpools.com!
Have a look at aur.charityminingpools.com!
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