Author

Topic: Auroracoin Airdrop - should it have been staggered? (Read 980 times)

full member
Activity: 168
Merit: 100
March 25 the day auroracoin dies.

It'll probably crash on the 24th when the devs sell out to beat the crowd.
hero member
Activity: 602
Merit: 500
it is probably crashing any second
member
Activity: 98
Merit: 10
March 25 the day auroracoin dies.
I support this claim

Agreed. We have created a brazilian currency (Sambacoin) with no pre-mine, and for massive distribution, we choosen to give people access through a official faucet, that is feed with a 2% fee of our official pool. So, we incentivate sambacoin miners to use our pool, as a social benefit.

Yes, we also think about using our national id and placing 25 SMB for id reward (like Spaincoin does), but that will not warrant that someone will fake a id (with a id generator) to get coins, and bad people take a lot of other coins for them.

Since the sambacoin release in 02/22 is being a good experience and some people are even selling coins in our local ebay:
http://lista.mercadolivre.com.br/sambacoin
legendary
Activity: 1246
Merit: 1000
It won't be available.  At any rate, it ought to be pretty fucking amusing.  If you're still in this coin, you're fucked. Cheesy
newbie
Activity: 112
Merit: 0
March 25 the day auroracoin dies.

or market cap grow over 1 billion  Grin
The current market cap already includes the pre-mine, so it can only go one way. Buckle up, it's going to be a free fall.
hero member
Activity: 770
Merit: 500
March 25 the day auroracoin dies.

or market cap grow over 1 billion  Grin

Not likely but anything could happen , my guess is we'll see everyone and their granny lined up to trade these coins for usd or gold/silver.

legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
March 25 the day auroracoin dies.
I support this claim
legendary
Activity: 1386
Merit: 1000
March 25 the day auroracoin dies.

or market cap grow over 1 billion  Grin
hero member
Activity: 770
Merit: 500
March 25 the day auroracoin dies.
legendary
Activity: 1708
Merit: 1036
As I watch with fascination the approach of the March 25 Auroracoin airdrop, I have to wonder: Why did they not stagger the delivery of coins to Iceland's population? For example, they could have scheduled it to release 10% of the coins allotted to each person each week or month until the release was complete. This way each person would have a vested interest in NOT tanking the value of Auroracoin by immediately dumping the first coins they get for some quick cash. They would be more likely to hold the coins they get early and watch them accrue, selling them only at need or when they can actually use them for some good or service.

If the Airdrop does go badly, and other nation-coins want to pursue an airdrop strategy, this might be something to keep in mind.
Jump to: