Topic: AURORACOIN - Empowering Financial Freedom - page 102. (Read 138034 times)

I have few question, if someone will help me answer those please..

1. When old/original Aurora Coin project was developed, I witnessed that all coins were distributed to Icelander in I guess 3 phase's of Airdrop.

2. If 1. is true, then from where these new Auroracoins are been generated? Did Icelanders sold those coins back to BTC?

3. What happened to the premine coins that DEV team was holding?

4. What happened to the old Auroracoin team and why did they disappeared?

5. Why all of a sudden you thought of bringing dead Aurora coins back to life?

6.
Market Cap                 Volume (24h)                               Available Supply
$ 411,450                   1,754 BTC  $ 1,864                      8 BTC 6,738,473 AUR

You should contact coinmarket cap and update the supply figure. It is still pointing to old supply available.

7. Give me 3 good reason, that community should believe that it's not scam and dev will not leave project in middle.

8. Provide us richlist information site so we know coins calculation.

9. If some part of premine of destroyed, then how was it destroyed/when and which exchange helped you burned it?

10. If you are so sure of Auroracoin future, then why is http://auroracoin.is/EN/index.php/the-future/ http://auroracoin.is/EN/index.php/the-plan/ http://auroracoin.is/EN/index.php/roadmap/ this web page blank?

11. Is that possible for Icelanders, who are watching this thread to shout out that I am Icelander here?

you're jumping to conclusions.

we might be due at this point for a more substantial correction (which is good, but I could be wrong)

New wallets? So the price will start rising again . I like it.

You can find it on the auroracoin.is website. These are the old wallets and yes 1.3.0.0 is the latest version. We are however just a few days away from publishing new wallets.

Where can I download latest Auroracoin wallet 32 bit version wallet? What is the current Auroracoin Wallet Version? V1.3.0.0?

The government doesn't really care if you have BTC or AUR. If on the other hand people would start to buy AUR with the intent to convert it to some foreign fiat they might care. For them to care though it would need to be substantial amounts in consideration. For that to be the reality Auroracoin would have to have very high value and usage in Iceland and abroad. If it would be that valuable and that much used they would have a hard time to stop it. Going for the Icelandic exchanges is the most likely scenario.

Actually they don't consider Auroracoin a currency. For them to consider something as a legal currency it would need to have a centralised issuer and since Auroracoin doesn't it is categorised as a digital asset and is taxed like any other asset you have with fluctuating value. I don't think they can confiscate it unless they would pass a special law for it which I think is extremely unlikely unless the majority of congress would be convinced that Auroracoin is a serious threat to financial stability.

All these speculations is one of the most exciting things about Auroracoin. A situation where a cryptocurrency has gotten so widespread that a government is forced to either accept that it is being used and accept it's existence and even define it as a legal currency (not saying that they would replace it for fiat) or they would use all the dirty tricks on the book to try and fight it off. Either situation is beneficial for crypto as it would give an example to follow or what to avoid. 

I expect that as the price goes up as in any coin, the coin spreads as some selloff occurs which spreads the coin between holders.  Hopefully Iceland will be able to regain the use of the coin.  I am concerned what happens when it begins to go back to Iceland, can Iceland users sell the coin on exchanges out of Iceland?  Because if they sell for btc , wouldn't the government consider that a currency to confiscate?  I dont know how that works, but if they confiscate anything other than isk, wouldn't they just confiscate anything that is used as a currency?

--o

There's a big point of confusion here... distribution vs investment.

I don't know Kenchanyu personally, but I do know he's not a part of the team.  I also know from reading that he is an opportunistic investor.  I don't know how much Biomike holds, but again... he's an investor.  Same with LTEX, only he's been a backer of AUR for quite some time now, and he's invested in the coin over the last year because he believed in it.  There was no distribution to these three, just like there was none to me.  I invested, but only because I am taking an active role in helping this coin technically.  It would be stupid for me to put work into this coin and not invest.  I don't think anyone here would argue with that.  As much as we'd like to think we're all altruistic and whatnot, at the end of the day, one thing brought us to this place.  We all wanted to make a profit off of all this crazy, free internet money.  One thing I can assure you, though, is that you are so wildly off your estimation of what these 3 own collectively that it's laughable.

But at this point, what does it matter how much people own from where?  What's to say I'm not going to get tired of where I'm at in life, and I don't just pack my bags and move to Iceland?  Between Eve Online, a 97% broadband availability rate, and the #freethenipple campaign, I'm already sold on moving there.

If you're so worried about foreigners owning coin, start pushing for adoption in Iceland.  Skarfur is correct... the coins will make their way back to Iceland.  When the country gets closer to a closed-loop system, there won't be much room for foreign investors, including myself.

-Fuse

I love both sides of AUR. No matter what side I choose, I win. And you know why? Because the idea, the concept and the target of AUR is beyond any speculation, the best you can have now for the blockchain technology. Many missed this fundamental "feature" of AUR, in the last year.
The water is flowing but the stones are here to stay.

I have a handful of AUR - I paid for it, and I wish I can help AUR team reaching it's target. If every person holding some AUR would help in any way, we would not fear dumping - because what have been difficult to build is not dumped away freely, believe me !

I think that if this project succeed, as Pétur says, AUR will be drained into Iceland. Meanwhile, I'm sure AUR team will enjoy our help, foreigners or not. This project, to me, is bigger than this island full of vikings. Let's get this to another level - we endured enought sad story in crypto, it's time to be part of the feelgood story of 2015.

Lets not kid ourselves on this point. Foreigners do hold most of the coins. The team is made up of foreigners except for the foundation and I doubt they doing all this work if they hold less then 10 000 coins each.
Kenchanyu, Biomike , LTEX must have over 1 million between them.

I still think this coin is going to be a great success but be real on this point.

1. The foundation is 100% Icelandic. Are you confusing the foundation with the dev team?

2. Is this related to the statement that you should not buy the coin if you are not Icelandic?
If so then no offence meant. I just waned to make it clear that we are not here to try to hype the coin for a quick gain for ourselves like some are claiming. If you want to invest in the coin go for it, it will most definitely help strengthen the coin but just be clear on the fact that nobody here is trying to trick you into investing in the coin nor promising you any profits.

3. I have never stated anywhere that most of the coin is distributed to foreigners. Actually I believe the opposite, though some foreigners might hold some large bags. If Auroracoin gets good adoption in Iceland and the price gets right, those coins will find their way back to Iceland one way or another and so what if those bagholders made some profits on it. Good for them. That doesn't mean that the Icelanders who will buy these coins from them are loosing something.

4. Like I just stated above.

5. I'm not sure how to respond to this but I'll try. Promoting something and hyping it is not the same thing. Promoting something is raising awareness on a particular thing but hyping is to get people over excited for something. So like I said, we will not be hyping the coin as that involves getting people so excited that they take a decision without clear thinking or full disclosure of facts behind the decision they are making but we will promote it to the public of Iceland. Both benefits and disadvantages will be made clear for people so they can take an educated decision to use it or not.

Does that answer your questions?
If not or you have any others then just shoot away and I'll do my best to answer.

I think the person responsible for coin now was part of the coin creation. Highly intelligent person who put everything in motion, once a team had been made the premine was destroyed which was perfect timing. The creator of the coin like others have said was not from Iceland but someone from Iceland was used as a puppet.
So I think this coin is going to go places because of the thought behind it but it's clear if it wasn't for the 1 million held by 3 people in the foundation foreigners would own 90% of the coins.

As far as i know no premine was stolen, there are some that question about 40k in many small transactions. This has been explained but still some believe this to be the amount.

In the link below you can examine the transactions from the airdrop, amount and the rest of the premine that was burned (about 5.4 million)
http://blockexplorer.auroracoin.eu/chain/AuroraCoin

we don't know

satisfied?

How much of the premine got distributed to Icelanders and how much did the dev steal?

May I challenge you on this sir

1. The foundation is 75% non icelandic
2. Foreign investors only create more incentive for Icelanders to usE it, not dump it
3. You have no proof that most of the coin is distributed to foreigners
4. Most of The coin is most likely distributed to Icelanders.
5. If you won't hype the coin then I will: aurora is the god of dawn and " opens the gates" for Apollo. Auroracoin will open the gates to a new dawn for the world!

That's for sure, but I guesstimate 6000 + facebook followers. Not bad for a group that nobody took care for months. But I hope that will change in the near future.

Thanks for the stats.

I don't think you can add these number up, though. A lot of people are probably in more than one of these sets.

Some food for discussion (algo related) in AUR forum : http://auroraspjall.is/viewtopic.php?f=8&t=171