Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 48. (Read 506425 times)

+1

finally someone who perceives that altcoin-business as scam! im tired aswell to be dependant of obviously wrong, undemocratic decisions of people, who seem not aware and responsible for what they do. i thought that is the reason why we all are into crypto!??

you cant even use aurora for daytrading. i was successfully daytrading and long term holding (had no idea of the second airdrop) and lost about 75%.

its just a big f****** scam.

i hope you, balu2, realize the idea of your 500 shitcoins - you will get rich and when people lose all their money they be like "whats the next coin?"

the airdrop has to be stopped immediatelly, if not, lets truly make a fork.

lol. WTF? altcoins really suck. let's make a takeover. Open source no? We need poeple who can do it. Fork it and remove the rest of the premine, push out new client, make new thread and website, done. Only trusted dev please.
Seen so much fail here when things are really not that hard to get right. Lack of communication, hiding and vanishing devs and so on. I am sick of it. I am going to leave alts if this fails. There is no hope for alts.
Investing is not even possible around here. Daytrading is the only option.

So we hereby declare aurora a failed shitcoin and Balduro the same wothless crap than all those other devs or what? Aurora was a scam? Abandoned in the first weeks? Where can i launch my own shitcoin please? I think this is not about speculation, crypto or anything else. This is a game of who can fool people better. I am going to launch my own 500 shitcoins and rob you pricks blind because nothing of value is produced around here. Every person in altcoins is a fool now. Crypto is one big scam.

Get the responsible person for aurora in here or make a fork and takeover if he can't be found or else all of crypto is going to fail. I am serious. I am going to bring you scams you can not even imagine because that's what crypto is all about. It was only invented to make scams possible. There is no other usecase for crypto than robbing people. Surely we can and will adapt.

strange indeed ontopicplease.

I don't know who controls the airdrop and I don't know who would know, either.

I am just curious, to who are you talking? Not willing to insult, but things are strange here. Many posters are addressing to some kind of person and they don't know themselves to whom they are talking to. At least this is how it looks to me. can anyone explain me what's going on here. Is there anyone who knows who decided to tenfold the airdrop. I havea lot of aurora and kept buying until now, prolly very dump.

people are right. Don't drag that airdrop out and don't make it 10x or do you want it to fail? Whoever is deciding about the airdrop makes an impression as if working for the government and wanting this to fail right now. Or just has no brain. Devalue aur by 50% while it only has 70k$ cap? This is going to be a shitcoin and beyond repair after a 10x airdrop. Very likely. Do you want it to fail? Then carry airdrop out as planned. Nobody will want the coins. People won't even bother to claim them because they will be fractions of cents. If you give them 30 or 300 will not make a difference. The price will be the same. It will be another huge blow for crypto if you screw this very easy task up. The solution to cut the coins and remove unclaimed coins is very easy and fully rational. The longer this is dragged out the more likely it will fail completely. Please make the right decisions not only in the name of the first adopters, supporters and investors but also in the name of the citizens of iceland. Don't act stupid with the coins and don't drag it out. This is the last moment of hope. If it is traded below 50k$ cap it will be added to the necro-thread and forgotten (would fullfill all requirements to be on there listed as dead after trading that low for some extended time and without dev). Thank you very much for making the right decisions in this critical moment.

sounds good. I am sure we will see a very good correction once airdrop is 100% completed and ideally active devteam is in place. I am sure volatility will be high at first but will also come down over time once the market has decided a fair value. Good luck to all participants.

yes, looks like its even necessary to take the remains out, now that there is just low demand for them. i agree.


of course thats correct aswell, even if there were just 8 million, would be more than enough.

my intention never was to regulate aur, rather to prevent it from being manipulated like its happening right now.

democratic vote sounds good

the longer you hold coins in the background the longer market will be wary. Release all coins in circulation as soon as possible. Destroy the remains. Overcome greed and forced control and let this game begin. All coins into circulation as soon as possible. Hold back as little as possible. The market is intelligent. Unleash this monster already! Destroying coins hurts nobody. Not destroying them hurts us.

edit:

doesn't matter if only 8 million are in circulation instead of 18 million. Coins can be diveded into 100million bits.

If you think its 'radical' look for other words. Don't call it 'destroy' coins. Call it 'take out of circulation permanently and irreversibly due to low demand'. It's the same. Crypto needs to be trustless. Don't play central bank.

Could also be a good idea to let people vote democratically on things what to do with remaining unclaimed coins, if that is possible.

@smalltimer

i think we basically agree that the present way of 'inflation' and 'flooding markets', reminding fiat currencies, is incorrect and that the airdrop has come to an end - otherwise it wont lead to a bright future.
yes, the bounties shouldnt be that high, as i mentioned first. but i dont see destroying coins as an adequate method, in my opinion its a too radical method to let the price explode, rather i prefer a natural growth of the marketcap and would leave those unclaimed coins "to be mined" ..but wait, thats not possible, so it might be right to destroy them!

and by destroying them, those who supported it from the beginning would be rewarded. 

it is a good idea to maybe use some unclaimed coins for bounties for buisinesses, but those bounties are too high. 2000 aur can be like 20.000$ .... that's too high and the market won't be able to support it. Better lower those bounties. The more coins you destroy the higher the value of the single coin. If you give out bounties of that size later when marketcap is high we repeat this shitgame again. Give out large bounties now or small bounties later but not large bounties later. Don't let the market be flooded by buisinesses either. The time of free aur should come to an end soon. Don't drag it out for an eternity!

I'd suggest the following: continue airdrop for few weeks and take only 10% to 20% of the unclaimed coins for bounties and really destroy the rest. The destruction of the coins will immediately lead to appreaciation in price. The market will react to that in a very good way, that is for sure. Give buisinesses who accept aur as payment 50 to 100 and buisinesses who pay employees in aur maybe 100 to 300. If you give too much there will be a lot of pretending and dumping ... calculate a fair value of 2$ to 20$ per aur. Don't throw aur around as if it hadn't any value. Correct bounties downwards because most coins will be dumped on the market instantly.  Don't give as much as 2000 for free to anyone, really. Think 1aur = 20$, handle them as if it was this much and they will be pretty quick back to that value i believe. I repeat: don't give out the coins as if they hadn't any value! because if you do that they will not have any value. There is a very fine balance to be struck here. Destroy as many coins as possible to see the most appreciation in price. Really only hold back for bounties what is absolutely necessary and it'll have some value. The clue with crypto is its scarcity. Make it scarce and it'll be worth something. Limit supply as much as possible. Don't be helicopter-bernanke  To make large supply doesn't raise demand. Supply/demand! Small demand needs small supply - not large supply! Otherwise this is going nowhere.

i appreciate your empathy.

so, the guys intention was to "reach low price" and "induce people to refuse aur" - seems like its working.

and out of this purpose there should rise a circulation between those who had claimed some... its not like there already was a fiat currency in iceland, no.

'mighty naive' is what i would call believers of a crypto that already lost over 99%.

bye molecular

@smalltimer

correct! this airdrop needs to be stopped asap. instead of flooding the market, i would suggest to stop the airdrop of 31,8 after a certain time and do the opposite thing - run short.

those who accept aur as payment in iceland should be awarded with 1000 aur and who pays loan to employees in 5% aur should get 2000.

i can imagine, after people in iceland made experience with the devaluating icelandic krona, they could apply a stable currency/storage of value.

the 'financial crisis' will do the rest...

+1 for destroying some of the premine. Doesn't make sense to flood the market more than necessary and devalue coins that are already held by people. I'd be very much for a second airdrop of the size like the first one (30 something coins) ... give people a chance to claim them (couple of weeks) and publicly destroy the remaining premine. You don't want to have an even lower marketcap than you have now with more coins than you have now.  It'll be ridiculous. Save aur from being dumped to oblivion and destroy the unclaimed coins after a certain date! Aur slipped to place 109 on coinmarketcap. If you release all of the premine it'll be on spot 200 together with the dead coins. The network will suffer from that too and you'll risk a real fail. So please don't release more coins than necessary at this point and destroy the rest so we can see some appreciation in value again. Thank you very much!

i think the intention was to get through with the drop asap which is good. Ok, market will be flooded with coins but once all the coins are out there price can rise to any hights because that sword of the massive amount of airdrop-coins doesn't hang over the market anymore. I'd suggest: buy later when there are plenty. After airdrop is completed it's going to take a few weeks and we see price rise again. That's going to be pretty crazy.
I think it is a very good decision to speed up the airdrop. The alternative could have been to destroy the coins which would have been a bit better but nobody thought of that probably.

sorry for your loss, kkcoin.

if you think the intention of the guy who decided to do a 10x airdrop was to "create demand" or "reach high price", you are mighty naive.

bye kkcoin

https://localbitcoins.com/places/12160645/reykjavik-iceland/

aurora still falling.. now at 0,00006300

who ever that genius is, responsible for the idea of a second airdrop with factor 10, he has absolutely NO IDEA about how market regulates itself.

he wont create a greater demand by devaluating a coin, its just stupid.

it doesnt matter how you look at it, it makes no sense at all... bye auroracoin

looks like aur has lost 99,9647% of its worth lololol

what a waste of money and time

thanks. So we buy this at around 500 sat, right? 

let me feed you some numbers (from site blockexplorer.auroracoin.eu I run, some numbers are estimates and/or rounded or otherwise slightly unreliable):

mined: 574,525 AUR
airdrop #1: 1,126,642 AUR
airdrop #2: 502,758 AUR

remaining pre-mined coins for airdropping: 10,500,000 - (1,126,642 + 502,758) = 8,870,600 AUR


unsure, depends on the rate of claims (see http://blockexplorer.auroracoin.eu/claims.2.html for airdrop #2 claim stats). If we assume prior claiming behaviour: in roughly 2-3 months.


also unsure. There might be coins remaining which will be dropped (if all goes according to plan) 3 months later.


yes, you're welcome

thanks for your post.

I received no info myself regarding airdrop changes. It's odd, yes. Good or bad in the end? Don't know. Probably good (just not for speculators who worked on false assumptions)

Regarding porting the coin: AUR is hardly about technology. It's a social experiment and yes: I think porting it to some platform like ethereum or whatever makes sense imo. I think this still has a lot of time, though. First let's see if this coin can get some real adoption going.