This coin is 7th for the same reason that Ripple is number 2. A huge premine is being figured in on the market cap. In the case of Ripple, some 70 billion coins are sitting in Ripple Labs waiting to be given away or dumped which will of course bring down the perceived value.
In aurora's case, if the premined portion was not magically included in the market cap valuation, then they would be much lower on the chart.
Topic: Auroracoin - 7th Marketcap Altcoin - page 2. (Read 5533 times)
someone do zimbabwe coin , it could actually take off there big time.
lol Nigerian Coin NIG going for big bucks
someone do zimbabwe coin , it could actually take off there big time.
someone start a coin for each and every bankrupt country please
Name does not make sense with being icelandic.
inb4 marketcap passes $100M. In truth the volume is so low that it's possible to set it as any price as long as there's some kind of demand for it. It'll probably drop to a dollar a coin.
I have to admit that the idea is a little bit intriguing, but I just don't think that any significant number of Icelanders will actually go and collect these coins, nor that they'll be useful once they do. I'm making this assumption because I don't think that Icelanders are very different to Australians, and I know that barely any Australians would go out to get a cryptocurrency they hardly understand and can't use.
So it's a nice gimmick. And I really do hope it works. But I think speculators are going to get burned.
I have to admit that the idea is a little bit intriguing, but I just don't think that any significant number of Icelanders will actually go and collect these coins, nor that they'll be useful once they do. I'm making this assumption because I don't think that Icelanders are very different to Australians, and I know that barely any Australians would go out to get a cryptocurrency they hardly understand and can't use.
So it's a nice gimmick. And I really do hope it works. But I think speculators are going to get burned.
Why would anyone not from Iceland care about this coin? Hardly a fair distribution for a Global coin.
well 330,000 people is a lot more then 900 who hold 50% of the bitcoins
But its meant to be Icelandic coin not global coin
Wow great for you guys! But how can the 24hour volume be so low compared to the total marketcap?!
Because a lot of coins are not tradeable yet... They are mined to be given to the Icelandic population
Why would anyone not from Iceland care about this coin? Hardly a fair distribution for a Global coin.
Wow great for you guys! But how can the 24hour volume be so low compared to the total marketcap?!
Aurora 7th is it a bug??
Indeed it is not a bug, it's actually worth that much. Based on coins mined and price of coins.
Aurora 7th is it a bug??
That'd be very impressive if it wasn't done by every cryptocurrency when they first hit the exchanges.
Quote from: El Dude
premined crap
Well thanks for your valuable contribution to the discussion.For those who have actually got something worthwhile to contribute to this conversation, whilst I have absolutely no connection to this coin whatsoever, I would like to highlight that one of its biggest plus points, as far as the residents of Iceland are concerned, is that it would allow for financial transactions outside the current, restrictive, capital controls.
Properly implemented, this coin could potentially serve as one of the most disruptive financial technologies ever. Whilst Bitcoin et al. are constantly trying to encourage global adoption and use of the technology, an altcoin specifically applicable to a small country with Iceland's financial issues, could be incredibly powerful a demonstration of cryptocurrency's capabilities.
With that in mind, however, I would still be somewhat reluctant to assert only positive an outcome as the predicted result.
premined crap
The premine is the all idea! to make a coin the people will actually use rather then few guys control all of it pump it and run away with all its value.
premined crap
It is going to be in electronic way not in a paper wallet.
Baldur can give the most accurate answer but its going towards this way : People will download a wallet (computer based, or cellular based) and through our website we will validate their identity and claim.
Iceland population is only 330,000 and they all (about 95%) use the internet. so with the public relations that we are getting and our facebook campaign we try to make sure they all know that they are entitled for the free coins.
Baldur can give the most accurate answer but its going towards this way : People will download a wallet (computer based, or cellular based) and through our website we will validate their identity and claim.
Iceland population is only 330,000 and they all (about 95%) use the internet. so with the public relations that we are getting and our facebook campaign we try to make sure they all know that they are entitled for the free coins.
Ok thanks, I wish you guys the best of luck!
It is going to be in electronic way not in a paper wallet.
Baldur can give the most accurate answer but its going towards this way : People will download a wallet (computer based, or cellular based) and through our website we will validate their identity and claim.
Iceland population is only 330,000 and they all (about 95%) use the internet. so with the public relations that we are getting and our facebook campaign we try to make sure they all know that they are entitled for the free coins.
Baldur can give the most accurate answer but its going towards this way : People will download a wallet (computer based, or cellular based) and through our website we will validate their identity and claim.
Iceland population is only 330,000 and they all (about 95%) use the internet. so with the public relations that we are getting and our facebook campaign we try to make sure they all know that they are entitled for the free coins.
Has the dev commented on how the 'drop' will happen?
AYjvwovooLNR5DXokfozpf3mh4YV1ZAYU6
AYjvwovooLNR5DXokfozpf3mh4YV1ZAYU6
Yes, On Iceland there is a public database of its residents.
AUR is going to use it in order to make sure that only residents of Icelands can claim their birthright coins and to prevent fraud
I sent 0.1AUR to your way
Received thanks, yes but how will he give the wallets? In the form of paper wallets, an email,.. ?
And i'm sure there are people who live without internet there how will they get their aurora?
Has the dev commented on how the 'drop' will happen?
AYjvwovooLNR5DXokfozpf3mh4YV1ZAYU6
AYjvwovooLNR5DXokfozpf3mh4YV1ZAYU6
Yes, On Iceland there is a public database of its residents.
AUR is going to use it in order to make sure that only residents of Icelands can claim their birthright coins and to prevent fraud
I sent 0.1AUR to your way
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