To me, the most important reason Auroracoin has not yet stabilized after the storm is due to the fact that somehow the community hasn't taken up it's responsibility yet. I strongly believe that Auroracoin will become a great success, once we get enough people supporting it for the right reasons. Those reasons do not include short term profitability, but must be about making a difference. Not only to the Icelandic community, but also in the Crypto landscape.
I also believe this is the reason why we don't hear to much from Balduro at this time. From the very beginning he has made it perfectly clear that his role is to bring foreword the idea and lay the foundation. That segment is past us now, so it's up to us to finish what he has started!
Are you for real?? What community? The 'community' bid up the price ahead of the airdrop and then waited for good news about some kind of application or use within Iceland. None of this news was forthcoming. A community within Iceland itself would be able to build on this foundation as you put it, yet I can't see that anyone like that has stepped forward with that intention. Because of that, it isn't even clear that we can trust Balduro's statistics about the airdrop. So what is it you think we can do exactly??
I hear you and understand what you mean. But as I tried to explain many times in this forum, to me and many others, this is not about short term profit. If it was, then yes, you might be right. The question to me is, why is everyone in Crypto so inpatient? New ways and standards don't come falling out of the sky, they are slowly build by persistent groups who believe in the benefits change can bring.
There is a large group like this based within Iceland and it's supported by serious foreigners like myself. We know this is not going to prove itself within a couple of months, it will take years.
The up bidding of the price you mention, was not done by this group, it was done by greedy investors that were afraid to mis out. Almost all the early supporters behind this project would have liked to see the price not going over $ 5,- in the first year. The fact this did happen anyway only damaged the steadiness of it's launch.
So, I am for real when I say I truly believe this coin is only at it's start. For sure I also look at other initiatives and can tell you I've done pretty well on other coins financially, but also these coins were dumped as soon as the sheep follow the herds to the next coin. What remains is those coins that can really make a difference based upon their prophecy. It this case, to me AUR is still the one that has the highest potential of becoming widely accepted by an entire community/country. Just look at the initial idea, 330.000 people in a country that is perfect to implement crypto. That is what I think it will work in the end (Will take years, but will get there sooner than others!)
So, if you follow this coin to make a quick buck anticipating it will skyrocket soon, stop it! If you follow it to see if it will succeed in becoming the first to be adopted by an entire nation, you're welcome!