Topic: - AURORACOIN - - page 63. (Read 137033 times)
Putting the Auroracoin exchange together couldn't have been easy.
Don't forget that most whales can't trade on the Icelandic exchange. It has remained stable, where bittrex dropped past few days (in USD value). Opening up arbitrage possibilities and opportunities to import AUR into Iceland.
Did any one watch iceland draw Portugal in the euro?
Wow what a performance from the small guy, reminded me of auroracoin
Wow what a performance from the small guy, reminded me of auroracoin
You're missing my point. Here's a brief summary in my own words how I'd read this topic, and the previous one:
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
Iceland is used to pump and dump games with their currency. Back in 2002 our banks took part in the biggest pump and dump in history, paying roulette with the Icelandic krona. Increasing its value by ~50% and then printing up billions of ISK and dumped it and devalued the krona by ~100%.
If Bitcoin can be pumped to to $1.100 and dumped to $165 and then again now to $750, Auroracoin can be pumped also, nothing different here.
We don't want a pump and dump on Auroracoin but a steady growth that follows real adoption and usage. We all know that if we are able to push Auroracoin into general usage in Iceland pump and dumps from whales will just be a blip on the screen in the larger view.
Don't forget that 10% of Icelanders hold Auroracoin and will benefit on the way up if anyone pumps and hopefully they will take advantage of such a pump before the market manipulators.
I still think you guys don't get my point I'm trying to make. I'm trying to make an ethical point, not something else.
I have seen quite some comments non favorable regarding the current Icelandic conditions, spanning back when the bank crisis began. And, that Auroracoin could prove a solution to it. So okay, Auroracoin pops in and gets accepted among the Icelandic population. Hurrah. And then some whale, P&D group or whatever comes along, and messes up Auroracoin pretty bad.
The above situation(s), whom would be held responsible you'd think? *COULD* it be, that in such case, people *might* tend to look that the dev team for *potential* being the ones responsible? Simply, for *introducing* it into Iceland?
Has the dev team *thought* of that? Cuz I can't read anything anywhere back regarding such. I can find enough things like 'we can do better, yeah we can do better, fiat sucks, Auroracoin is better, better than the current system, the current system sucks, etc'.
But what I can't find back, anywhere, is where somebody steps up with a mild display of responsibility *if* things would go sour. Which, they can. Because, this is crypto! Highly volatile!!!
So I'll simplify the question:
Has the dev team, *considered* they *could* be responsible, for plummeting 330k people, *again* into a *potential* financial roller coaster?
Where's the ethics?
Ok, I do see your point and I can say we obviously have given that a lot of thought. We are however not stating we are going to take over the Krona in Iceland in a flash. Maybe even not at all. Our main goal is to get Auroracoin adopted along side the Krona for now.
You see, for sure things will be volatile in the beginning and there will always be opportunities for whales and their P&D schemes. But we think that once the organic growth of adoption and actual usage is gradually increasing, so will the prospect of those schemes gradually decline. If the actual market picks up larger volumes there simply will not be enough AUR around to play with for the Whales. Of course this is something that won't happen over night and might even take well over 5 years.
Mind you that of all crypto currencies Auroracoin has by far the highest spread and penetration of it's targeted market. Around 10% of the population has claimed their airdrop coins, they hold over 50% of the liquid market (taken into account that the burned premine is gone and the DEV fund will only be spend inside Iceland). And I personally know the holders of the larger wallets and they are all in this for the long run.
You're missing my point. Here's a brief summary in my own words how I'd read this topic, and the previous one:
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
Sure, Auroracoin could fail epically.
What are the alternative no-risk ways to replace a national currency?
I still think you guys don't get my point I'm trying to make. I'm trying to make an ethical point, not something else.
I have seen quite some comments non favorable regarding the current Icelandic conditions, spanning back when the bank crisis began. And, that Auroracoin could prove a solution to it. So okay, Auroracoin pops in and gets accepted among the Icelandic population. Hurrah. And then some whale, P&D group or whatever comes along, and messes up Auroracoin pretty bad.
The above situation(s), whom would be held responsible you'd think? *COULD* it be, that in such case, people *might* tend to look that the dev team for *potential* being the ones responsible? Simply, for *introducing* it into Iceland?
Has the dev team *thought* of that? Cuz I can't read anything anywhere back regarding such. I can find enough things like 'we can do better, yeah we can do better, fiat sucks, Auroracoin is better, better than the current system, the current system sucks, etc'.
But what I can't find back, anywhere, is where somebody steps up with a mild display of responsibility *if* things would go sour. Which, they can. Because, this is crypto! Highly volatile!!!
So I'll simplify the question:
Has the dev team, *considered* they *could* be responsible, for plummeting 330k people, *again* into a *potential* financial roller coaster?
Where's the ethics?
You're missing my point. Here's a brief summary in my own words how I'd read this topic, and the previous one:
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
Sure, Auroracoin could fail epically.
What are the alternative no-risk ways to replace a national currency?
I think there's a bit of delusional here. Targeting the Icelandic people might be the target, but will that truly be beneficial to them? This coin is just as international as any other coin that exists. So likewise subject to multipools, pump and dump potentials, hypes, you name it.
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
The whole point is that if the Icelandic people are buying and selling in AUR, they will care as much about the exchange rate as much as the general populous cares about fiat exchange rates.
You're missing my point. Here's a brief summary in my own words how I'd read this topic, and the previous one:
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
You should sign up to a signature campaign! You write very good stories!
I enjoyed reading you story and I've just reminded me that I still have some AUR left somewhere.
I'll go search it!
I think there's a bit of delusional here. Targeting the Icelandic people might be the target, but will that truly be beneficial to them? This coin is just as international as any other coin that exists. So likewise subject to multipools, pump and dump potentials, hypes, you name it.
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
The whole point is that if the Icelandic people are buying and selling in AUR, they will care as much about the exchange rate as much as the general populous cares about fiat exchange rates.
You're missing my point. Here's a brief summary in my own words how I'd read this topic, and the previous one:
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
I think there's a bit of delusional here. Targeting the Icelandic people might be the target, but will that truly be beneficial to them? This coin is just as international as any other coin that exists. So likewise subject to multipools, pump and dump potentials, hypes, you name it.
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
The whole point is that if the Icelandic people are buying and selling in AUR, they will care as much about the exchange rate as much as the general populous cares about fiat exchange rates.
Most wallets are crap build on crap... the Digibyte wallet is no exception in this. We are aware of that. That's why we have a few maintenance releases upcoming, to remove a lot of cruft that accumulated in time (check the official forum on plans and discussions around that). That having said, block times are no issue, for AUR sync times are not that bad (yet). For fast payments, use web wallets, or a payment provider that instantly confirms.
Such as ... ?
Biomike took the words out of my mouth. Balduro has shown to be a man of honor and kept his word all the way up to his (planed) disappearance. The only reason some folks in the Crypto landscape (read almost no Icelanders) still feel it was a scam is cause of the massive hype and pump that speculators (not the dev) started even before the airdrop started.
Yeah, I did some backreading. So this Bladuro has handed over the reamining AUR to the foundation, but not any other info to properly take over the initial ANN, so it could be corrected accordingly to the takeover. I do not know what to make of that. This Balduro wanna be some kind of Satoshi Nakamoto copycat?
I would like to add that we differ from DGB in two ways. First our 61 sec block time is substantially higher (over 4 x) than theirs, also we target a user base of only 330K, while DGB targets the entire world.
I think there's a bit of delusional here. Targeting the Icelandic people might be the target, but will that truly be beneficial to them? This coin is just as international as any other coin that exists. So likewise subject to multipools, pump and dump potentials, hypes, you name it.
So yeah, nice if the coin would be truly adopted in Iceland and the drive behind it (Icelandic people has had its fill with...). And than comes some whales along or a pump and dump group, making this coin their new toy to make some profits on. Has the dev team considered and wagered the ethics and risks behind this?
Iceland has about 3.3k inhabitants...
330,000 - for anyone wondering.
Oops. Thanks for fixing that.
Iceland has about 3.3k inhabitants...
330,000 - for anyone wondering.
How many auroracoin wallets are there right now? I know somewhere you can find the total number of bitcoin wallets but what about Auroracoin? Are there 500, 5,000, etc? Thanks.
I want come visit 3Rd happy country in world. look nice.
http://www.telegraph.co.uk/travel/galleries/The-worlds-happiest-countries/iceland/
http://www.telegraph.co.uk/travel/galleries/The-worlds-happiest-countries/iceland/
Why Iceland people look happy with all corrupt banks? They haf bondage fetis? Break shackles they will not if it turns on
Iceland has about 3.3k inhabitants...
330,000 - for anyone wondering.
Any plans to talk to the icelandic government for making Auroracoin the official currency of the country? I would assume this is the end-goal?
When the time comes that Auroracoin will rival the Icelandic króna, we will not make plans to talk to the Icelandic government. The government will make plans to come and talk to us
Thats nice and fine but if we want this coin to get adopted it will take hard work on our part. I have mentioned it in the chat rooms and even some private groups but everyone just laughs at me for promoting the worlds first scam country coin.
I have read that with the election of a new Prime minister coming up, Iceland will lift it's capital controls ban allowing people, I am assuming to buy bitcoin and other cryptocurrencies. Call me a sadist but Auroracoin appealed to me at first because iceland had capital controls that banned people from buying bitcoin so they would be forced to use Auroracoin. Now it looks like soon they will have the option to invest in whatever they choose. I love auroracoin because the development team worked hard to build an exchange and totally make this coin legit. But from an investing standpoint I have no idea what to do now.
Your statement is partially right. The current cabinet (mostly corrupt bankers puppets) has been trying to find a way to help their rich business friends to get to their off-shore funds. They now are trying to pass legislation that lifts capital controls only for corporate entities (so their rich friends).
The average Icelandic citizen wil remain shackled by the same controls though. This is mainly why the results of coming elections will be of epic proportions leaving the current establishment empty-handed and probably put a PM in the parliament that is pro Auroracoin!
Thanks for the explanation. I was having a hard time finding articles that talked about that.
Biomike took the words out of my mouth. Balduro has shown to be a man of honor and kept his word all the way up to his (planed) disappearance. The only reason some folks in the Crypto landscape (read almost no Icelanders) still feel it was a scam is cause of the massive hype and pump that speculators (not the dev) started even before the airdrop started.
I would like to add that we differ from DGB in two ways. First our 61 sec block time is substantially higher (over 4 x) than theirs, also we target a user base of only 330K, while DGB targets the entire world.
I would say having only 0.001% of the transactions to worry about with over 4 times the block times we're relatively good to go ;-)
I would like to add that we differ from DGB in two ways. First our 61 sec block time is substantially higher (over 4 x) than theirs, also we target a user base of only 330K, while DGB targets the entire world.
I would say having only 0.001% of the transactions to worry about with over 4 times the block times we're relatively good to go ;-)
I thought capital controls on foreign investors of Icelandic bonds had recently been toughened. Are you investing or speculating? As it stands, BTC can't cope with global retail volume so is turning more into an international settlement system like all those shipments of gold over a century ago IMO. A local payment currency such as AUR may prove more stable for day to day trade than an international currency. One thing for certain is that people are used to using one currency in their pocket, so persuading people to use 100's of different crypto's is a tough ask. So many of these extremely useful service crypto's are probably only going to end up worth their actual usage, people will only buy them when they need to use them.
If AUR is heading for the retail usage route, it may want to look at incorporating some technology from DASH.
If AUR is heading for the retail usage route, it may want to look at incorporating some technology from DASH.
Don't count on it. I understood Auroracoin inherited the Digibyte core? Digibyte has a crappy core, due to it's 15 seconds block time: No instant usability (https://bitcointalksearch.org/topic/m.15188688)
Auroracoin having 61 seconds block time, is up for the same.
Most wallets are crap build on crap... the Digibyte wallet is no exception in this. We are aware of that. That's why we have a few maintenance releases upcoming, to remove a lot of cruft that accumulated in time (check the official forum on plans and discussions around that). That having said, block times are no issue, for AUR sync times are not that bad (yet). For fast payments, use web wallets, or a payment provider that instantly confirms.
(snip)...
The average Icelandic citizen wil remain shackled by the same controls though. This is mainly why the results of coming elections will be of epic proportions leaving the current establishment empty-handed and probably put a PM in the parliament that is pro Auroracoin!
If you come to think of it, the chances of Auroracoin being excepted in Island might be very slim at best. I believe Island has had their fills with all sort of scams left and right, right? So no matter the takeover, Auororacoin has a scam history.
So how'd you think that will be perceived?
I don't agree with the scam history. As far as I see, the original dev of auroracoin laid out a plan, fulfilled it and disappeared (the follow up by the current dev team could have been better, but that's past us now). If people here think it's a scam... it doesn't matter, BCT is not the target audience, the Icelandic people are.
Iceland has about 3.3k inhabitants... the size of an mid-sized Dutch/European city. We had a media campaign almost 2 months ago and this gained a lot of interest in Iceland. The type of interest you would not get if people where "tired of scams". The same could be seen on the Icelandic AUR exchange last week.
I thought capital controls on foreign investors of Icelandic bonds had recently been toughened. Are you investing or speculating? As it stands, BTC can't cope with global retail volume so is turning more into an international settlement system like all those shipments of gold over a century ago IMO. A local payment currency such as AUR may prove more stable for day to day trade than an international currency. One thing for certain is that people are used to using one currency in their pocket, so persuading people to use 100's of different crypto's is a tough ask. So many of these extremely useful service crypto's are probably only going to end up worth their actual usage, people will only buy them when they need to use them.
If AUR is heading for the retail usage route, it may want to look at incorporating some technology from DASH.
If AUR is heading for the retail usage route, it may want to look at incorporating some technology from DASH.
Don't count on it. I understood Auroracoin inherited the Digibyte core? Digibyte has a crappy core, due to it's 15 seconds block time: No instant usability (https://bitcointalksearch.org/topic/m.15188688)
Auroracoin having 61 seconds block time, is up for the same.
Any plans to talk to the icelandic government for making Auroracoin the official currency of the country? I would assume this is the end-goal?
When the time comes that Auroracoin will rival the Icelandic króna, we will not make plans to talk to the Icelandic government. The government will make plans to come and talk to us
Thats nice and fine but if we want this coin to get adopted it will take hard work on our part. I have mentioned it in the chat rooms and even some private groups but everyone just laughs at me for promoting the worlds first scam country coin.
I have read that with the election of a new Prime minister coming up, Iceland will lift it's capital controls ban allowing people, I am assuming to buy bitcoin and other cryptocurrencies. Call me a sadist but Auroracoin appealed to me at first because iceland had capital controls that banned people from buying bitcoin so they would be forced to use Auroracoin. Now it looks like soon they will have the option to invest in whatever they choose. I love auroracoin because the development team worked hard to build an exchange and totally make this coin legit. But from an investing standpoint I have no idea what to do now.
Your statement is partially right. The current cabinet (mostly corrupt bankers puppets) has been trying to find a way to help their rich business friends to get to their off-shore funds. They now are trying to pass legislation that lifts capital controls only for corporate entities (so their rich friends).
The average Icelandic citizen wil remain shackled by the same controls though. This is mainly why the results of coming elections will be of epic proportions leaving the current establishment empty-handed and probably put a PM in the parliament that is pro Auroracoin!
If you come to think of it, the chances of Auroracoin being excepted in Island might be very slim at best. I believe Island has had their fills with all sort of scams left and right, right? So no matter the takeover, Auororacoin has a scam history.
So how'd you think that will be perceived?
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