Topic: Auroracoin - 7th Marketcap Altcoin (Read 5459 times)
Google away, but in short it was a pre war Austrian experiment in local currency. They had a monthly stamp charge which was payable if you held onto the notes, so people passed them around quickly and they became popular - so popular in fact that other villages and towns started taking an interest. The central authorities, fearing a loss of power decided to shut it down before it could expand further - so it goes.
I generally support the idea of community currencies and local currencies and have done since long before bitcoin so I will be interested to see how this works. Personally, I would like to see more coins with negative interest rates launched. It would have been nice if Auroracoin had cloned Freicoin instead of Litecoin. It could have been a modern day Wörgl experiment.
could you elaborate more please? I havent heard about this (or just send me to google .-) )
I generally support the idea of community currencies and local currencies and have done since long before bitcoin so I will be interested to see how this works. Personally, I would like to see more coins with negative interest rates launched. It would have been nice if Auroracoin had cloned Freicoin instead of Litecoin. It could have been a modern day Wörgl experiment.
Haha look at all the butthurt morons who didnt invest before, trying to rationalize why they did not do it and how awesome they are they managed to miss the spike. Hilarious what your egos can do.
This fall is going to hurt, anyone buying in now deserves to lose money.
got to congratulate the dev if he's smart enough to just dump the coin rather than give millions of $ away for free.
People are generally resist change and that's not even including how difficult it is to even use crypto for the general public (and it's way way harder than we realize b/c we can do it) not to mention if the icelandic gov't would allow this (I have no idea if they would or wouldn't but governments generally stop this kind of thing)
People are generally resist change and that's not even including how difficult it is to even use crypto for the general public (and it's way way harder than we realize b/c we can do it) not to mention if the icelandic gov't would allow this (I have no idea if they would or wouldn't but governments generally stop this kind of thing)
Auroracoin will never go anywhere because it was premined.
The dev is probably dumping the coins he's supposed to give to all the Icelandic people.
Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.
The Dev will be wealthier if he distributed the coins per the airdrop. I'm not Icelandic but I think this coin is great because it could potentially push the adoption rate of cryptos in Iceland to above 1%. Free money - who would say no? The dev is probably dumping the coins he's supposed to give to all the Icelandic people.
Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.
Btw, let's remember that Btc possession is 0.02% of global population. Anything that increases crypto awareness is ultimately also good for bitcoin.
Sure.. I can support the initiative, but I'm not going to be investing.
Auroracoin will never go anywhere because it was premined.
The dev is probably dumping the coins he's supposed to give to all the Icelandic people.
Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.
The Dev will be wealthier if he distributed the coins per the airdrop. I'm not Icelandic but I think this coin is great because it could potentially push the adoption rate of cryptos in Iceland to above 1%. Free money - who would say no? The dev is probably dumping the coins he's supposed to give to all the Icelandic people.
Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.
Btw, let's remember that Btc possession is 0.02% of global population. Anything that increases crypto awareness is ultimately also good for bitcoin.
Auroracoin will never go anywhere because it was premined.
The dev is probably dumping the coins he's supposed to give to all the Icelandic people.
Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.
The dev is probably dumping the coins he's supposed to give to all the Icelandic people.
Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.
Name does not make sense with being icelandic.
Please tell me this is a joke.
This is of great interest to me even though I'm not Icelandic. It's the "perfect" experiment to see whether you can run an economy on crypto. Small, educated, highly internet aware population that hates temporary currency controls that have been in place for five years.
I just hope they don't mess up the airdrop.
I just hope they don't mess up the airdrop.
rank on coin market cap means little to nothing.
coingen one with 999 999 999 999 minting ,
premine 99%
pay to put in on a couple of exchanges
put some of the premine on there
buy it from yourself for 50cents a piece
number 1 coinmarketcap
Yeah sure you may have to be more subtle that that, but you get the idea.
anything above a 10% premine shouldn't get listed on there really.
this coin should have zero interest for anyone outside of iceland, the only hope is some media attention on it for short term spike.
Even if it does spike, the selling pressure from miners and icelanders will increase and splat it hits the bottom hard.
coingen one with 999 999 999 999 minting ,
premine 99%
pay to put in on a couple of exchanges
put some of the premine on there
buy it from yourself for 50cents a piece
number 1 coinmarketcap
Yeah sure you may have to be more subtle that that, but you get the idea.
anything above a 10% premine shouldn't get listed on there really.
this coin should have zero interest for anyone outside of iceland, the only hope is some media attention on it for short term spike.
Even if it does spike, the selling pressure from miners and icelanders will increase and splat it hits the bottom hard.
Name does not make sense with being icelandic.
1/100th of an Icelandic (Ísländskú) krona is 1 AURar, so yes, in some way it actually makes sense.
Hvernig hvefur thu thad?
Auroracoin now at #4 and bested a lot of altcoins on coinmarketcap even Doge. Amazing rise!
am not an idiot to buy this coin which will start a big dump. DO you know what will islandians do first? THey will take their sinking auroras and change it immediatelly for bitcoin which is much more secure and accepted all around the world. So the only coin which will profit is bitcoin. And why the aurora will go to bottom when you give it away? Just because you overpumped it and it will be too valuable to hold (if the pump persists a while).
If the average Icelander who is clueless about crypto is handed Auroracoins, you really think they will go exchange it for Bitcoin? If anything they will try to exchange it for cold hard cash if they don't want it.
This is why we have learned about double facepalms, tripple facepalms... Just because one facepalm doesnt enough 
i knew many people are dumb but that dumb ....
you never learn enought lol
you never learn enought lol
Again a coin which get first overpumped and nobody can invest in it because its expensive no matter how will it succeed or fail. This schema repeats always by every a bit promising coin. First is pump, realization is irrelevant because no matter how good the coin will do, the price must go only down after being overpumped. So there is no space for real investors which want to go to long-term investment. It will generate only loss or zero profit.
I am not an idiot to buy this coin which will start a big dump. DO you know what will islandians do first? THey will take their sinking auroras and change it immediatelly for bitcoin which is much more secure and accepted all around the world. So the only coin which will profit is bitcoin. And why the aurora will go to bottom when you give it away? Just because you overpumped it and it will be too valuable to hold (if the pump persists a while).
I am not an idiot to buy this coin which will start a big dump. DO you know what will islandians do first? THey will take their sinking auroras and change it immediatelly for bitcoin which is much more secure and accepted all around the world. So the only coin which will profit is bitcoin. And why the aurora will go to bottom when you give it away? Just because you overpumped it and it will be too valuable to hold (if the pump persists a while).
4th spot now. This baby might even takeover number two spot.
someone start a coin for each and every bankrupt country please 
Worldcoin... hahahahah!
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