Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 99. (Read 506425 times)

pool hopping at it's best, look at the wales coming in while diff is low, hash the hell out of a coin and leave it with high diff and low hashrate... been happening all over

me too

hmmm. It took 69.5 hours to find the last 100 blocks.

that's an average of 0.695 hours/block.

are we under some sort of timewarp attack or can this be explained just by pool-hopping?

Very hard to find a block the last days, the difficulty is very hard.
But we have found 2 blocks the last two days on our pool at http://pool.auroracoin.fr.

Hope it will continue tomorrow 

The difficulty retarget will happen after every block after the fork.

because the newly printed money is usually injected at the wrong places (given to the wrong people, invested into the wrong endeavours/things). Price signals are being distorted (misallocation of capital) and the economy becomes less efficient.

This should be interesting to watch!! Good luck over the next few days!

Why does the AUR network struggle when there are 80+ transactions in a block? Is this is a flaw in how it operates? It seems like all the lagged blocks have a larger than average number of transactions, and those transactions are more complex than average. It still doesn't seem as though AUR should be able to process 50 transactions in 2 minutes, but then take 8 hours to process 135.

Looks like some people is moving litecoins and Bitcoins to Aurora to protect the current drop of BTC & LTC and keep the portfolio value (or increase it).

I just want to remind everyone reading this thread that money represents value. Also known as 'work'.

Let's say I want my shopping bags carried home and for me that work equates to $5. If inflation comes, the same work might be $6 - and in the end everything is 20% more 'expensive'. If deflation occurs, it might just cost me $4 - and everything gets cheaper by 20% in time.

There is an X months difference so that everything gets adjusted, and, yes, some smart people might have an advantage and get more money, but...

The point is the same work still needs to be done! If there is no work done, there isn't any money to be exchanged. Work is the real value, the cost in USD, Bitcoin or Auroracoin is arbitrary. Why arbitrary? Because for $25 you can get a TShirt and you might just feel ok with the price. But in my country for $25 you can get 5, up to 10 - the same TShirts.

Another example: A resident starting doctor is paid, what? $2000 USD? Maybe more. Maybe a cleaning lady is paid that amount since I read that the minimum wage is the US is about that amount. But here he is paid about $300. Same work, same responsability.

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I also read that a non-inflationary coin is bad for loaning. Since you can't have a positive what do you call it? Commision, rate? So if you have 1 000 coins and you loan somebody 1 000 at a rate of 1%, he must pay back 1010, but there are only 1 000 coins in total.

Well, that's not a problem since with your money he does more work and thus the value of the coin is increased. So with 0% interest (THAT's what's it called!) those 1 000 coins have much more value. At first with 1 you could buy a stoopid iPhone, but after the loans gets repaid you can buy 2. Or 1.5 or some other more than 1 value. Q.e.d.

http://www.forbes.com/sites/louiswoodhill/2014/01/23/why-higher-inflation-is-a-very-very-bad-idea/

I still fail to understand why inflation is bad.

So what you want here is that if the cost of basic things increases, inflation should not be there to compensate for it's prices, instead the load should be put on the people to manage with whatever salary they get.

Well airdrop if successfull will give AUR a big media boost and since it's very few coins it shouldn't harm the price much.

Having a 0.25 BTC give away for the next block finder at http://aur.scrypthp.com

one question to balduro and others (about hard fork and the network difficulty)

what's the difficulty going to be after the hard fork at block 5400? is it going to be reset somehow and will be slowly rising (because of KGW), or will it continue with the difficulty -+ of block 5399? i'm just asking because of the constant "locks" of the network at some blocks, and that, if the diff is going to be lets say 4000 at block 5399 and the fork happens, it will not help much to speed up the network and transactions.. in my opinion.. and yes i know, the block time is going to be half the time it is now, but still...

thanks for the answer (hope i'm not asking a question, that was already answered somewhere in this thread)

In terms of the whale that's been buying AUR for weeks :

--- > What if the big prices come AFTER the airdrop time starts instead of before?

I think very few Icelanders are going to be getting their coins in the first week or two.
And even fewer will sell them. So maybe we see a huge price increase after airdrop clocks runs out. Or maybe as 5400 fork time comes up.

Just thoughts.

Well, I'm Dutch but maybe Americans are happy about Auroracoin for the same reasons as I am. Most obvious of course would be the personal profitability aspects. But on a far more larger part I'm happy with the prophecy of it's initiative. Iceland is the perfect candidate to actually get an entire economy using cryptocurrency nationwide. If Auroracoin succeeds this will have massive impact on the acceptance of crypto currencies worldwide.

To get back to Americans, if you take some time to study the position of the USD in the near future, you will find out any Americain that is not happy about the prospect of successful integration of cryptocurrency like BTC is just not aware enough...

The coin distribution does not sound fake.

However, I fail to understand that if 50% of the coins will be distributed to Icelanders, then why are Americans happy about it?

aur blockchain stuck on 5086 now i wish they would let the block chain go or the dev could patch it before the 5400 mark to fix the exploit some groups are using to freeze the blockchain.

Beware! Alert! Scam!

Coinpeat.com with Aurora listed in it.

Your deposit Of BTC or Aur will trap in there and harvest by the con artists later if not already done so.
All coins in and no coins out. Period.

They probably will be hunt down by some dudes... I propose Aur should help warning your community to form a chain to prevent more victims like me.


Cheer.

Doah 314 blocks left yeah were not making that before the 25th. Especially with it getting stuck I think there are people exploiting the chain.