Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 259. (Read 506448 times)

 I like the idea!

We need more Islanders to report on the media coverage on Aurora and to make their own campaign on Island. This will also draw attention from foreigners, just like me.
Ppl are getting tired of all these pump and dump shitcoins. But if Islanders will attach some value and will start to use Auroracoin people from other countries will also attach the value.

It's pretty hard to make people use virtual coin of unknown origin, but what the dev and other Islanders may achieve is major acceptance of coins from airdrop. The more people the better.
But the dev needs to step in and clarify all the dark parts of prpject that we don't understand completely

I somewhat agree with you on you're arguments and you brought some good points to the conversation, but then there is always two sides to the coin.

Yes, at the time being, compared to the other coins 100 AUR for 1 BTC is very generous. In regards to if 1 AUR would reach 1 BTC will remain to be seen. But I would rather see this wealth be distributed fairly among all those people then seeing how it is with Bitcoin.

I believe they are in need of help with development of this cause, that's probably why things are moving so slow.

With you're last argument I'll agree completely. This is completely dependent of the premine and that the coins are distributed as said. I would suggest the developer to step into publicity in some way, without that this will be just another shitcoin.  

 

Yep, there is buzz outside this small crypto community that most coins here can only dream about.

The developer (and I'm guessing this is a solo project) has achieved some pretty good media coverage.  That's how I heard about this coin.

A nice thought but even 100aura to 1BTC is extremely generous, imagine hypothetically speaking that 1AUR will be worth 1BTC; everyone in Iceland will be given 30ish coins instantly valued at 30 BTC, the first thing they'll do is go straight to exchange and sell for some much needed IRL monies, even 0.3BTC for nothing is still very generous imo considering that the population of an entire country is about to be given $250ish each.

I think the coin has been poorly developed based on the fact that it is taking 24 hours to get confirmations, this creates a slightly inhospitable environment for miners. Additionally the community of this coin is extremely small and appears to be uncaring of its 'purpose', this however is not down to the community itself but to the developers which have done nothing to promote or encourage such a culture- all about removing the Icelandic from the chains of banks.

The developer released the coin without pools, without wallets, without exchange and without any plans/word of how he intends to achieve his vision, just "wait for the 25th March guys in the mean time i'll let you develop the infrastructure for me whilst I stay anonymous." He's operating completely from the shadows on a coin with 50% premine, very suspicious.

So a quick crunch of the numbers according to what people are trying to trade AUR at, and the current USD to ISK conversion, I got the following.

1 USD = 115 ISK
1 BTC = 700 USD = 80,500 ISK
1 AUR = 0.01 BTC = 7 USD = 805 ISK

31.8 AUR = 222.6 USD = 25,599 ISK

A quick google search shows the average monthly income in Iceland is around 40K Krona, but that this figure is most likely skewed and it is actually far less.

So assuming that this price stays till the Airdrop (highly unlikely), they would essentially be receiving about 2-3 weeks pay for free. This should grab some interest with them, and I believe Iceland also has over a 95% Internet penetration rate.

I hope this does help them out, would be great to be part of a movement to turn around their financial situation.

EDIT: Slight correction as it appears the monthly income is around 400K Krona.

Thanks for the info guys

Think about when the day gets closer and media coverage increases.. everyone in Iceland will be talking about it in their workplaces, schools, streets, pubs... this is so exciting experiment that I get dizzy even thinking about it.

I consider 100 AUR/Btc quite a high price. A lot more profitable to mine than litecoin.
But eventually the price will be quite much how Icelanders value it. I assume some part of Icelanders don't value it at all and sell (or don't even bother claiming) at the beginning. Other part think it is worth buying and buy it.

At some point the first group is out of coins and the price will get a lot higher ;-).

But what will the price be? As with all cryptocoins, it will be just the value the users give it. Since this is a kind of special case, it is a mystery. If majority of Icelanders don't value it, it will be cheap. And the opposite. Let's hope for the later ;-) And knowing islanders they might surprice us with this.. Iceland is a perfect 'laboratory' for this experiment!

Hi all!

This coin seems to have a great opportunity in succeeding as well as Bitcoin. A large part of this is dependent on the Airdrop which has to reach all/most of the population of Iceland, which remains to be seen. I do not see how this could not be possible as long as the pre-mined coins are distributed as told. But for this to happen the coin need strong support from it's miners for the time being. There are some who are eager to make a quick buck with selling their Auroracoins before the launch at a pretty low price compared to Bitcoin. This will force the value of the coin down, just like all the other coins out there. Why not instead demand a high price of the coin which would benefit more then just one person? This will also force people to mine the coin and build a foundation for this currency. That being said I fell everyone participating in mining some Auroracoins still has the opportunity to get coins compared to Bitcoin which is out of reach for the most of us.

I guess the reason for creating the Auroracoin is to give the banksters a run for their money. This can only be achieved if the coin gains a significant value from the start. If the coin gets a high value from start it will gain significant publicity, which in turn will result in that the community of Iceland will probably accept it as a payment method. It seems as a "win-win" situation for all of the people using the coin. Others have also suggested using a crypto-currency for Iceland(https://www.youtube.com/watch?v=_CCpj_myGOs). Auroracoin could be a "first of an kind".

 

How much do you have?

wts 18 AUR, pm if interested

Maybe someone is planning on 51% attack? They also have initial diff set to 512, which blocks small miners. Maybe they are collecting hashpower..
Only 2 pools here.. and p2pool of course. I suggest mining on p2pool, or on both of these..

just some random thoughts..

Edit: that 512 is not true, they had some problems, seems to be fixed now.

I guess you have to multiply the estimate by 4. Litecoin 2.5 min blocks, auroracoin 10 minute blocks, ie 4 times slower. The pool sw is originally for litecoin.

such a long time for confirmations, irritating in fact

I'm willing to sell up to 15 AUR for 0.01 BTC each. PM me.

I have a few AUR I'm willing to part with for 0.01 BTC each. PM me if interested.

Approx 17 hours.  Average 600 sec per block. 100 block confirmation in pool

is it on any exchanges yet?