Topic: AURORACOIN - Empowering Financial Freedom - page 105. (Read 138034 times)

Don't u think the dev deserve to be rich for his good idea even though  he scam at start? Many inventor sell idea and invention  for lots of money. The way I see the dev deserve to be rich.

What code changes are being released? Something new and innovative or just copy and paste ?

You can explain yourself in this discussion.

https://bitcointalksearch.org/topic/m.11225376

@apcoin : Just came from a few kms bicycle ride, 20 celcius here, no more snow, working on preparing our pool for summer :p.

hopefully not be a new episode of the drama "Altsareback".....   

Sun showed it self as soon as you left Iceland. Me and skarfurinn have been sunbathing this weekend

Nice to see what has been going on for the last two weeks, maby I should extend my vacation here in Florida for another two weeks and see what happens.

Is it still below zero and snowing home in Iceland

Nothing new and innovative. Auroracoin's current code base is old and outdated and that is creating various problems. We plan to have more improvements to the coin but those changes will take 2-3 months to implement and test. So what we are doing now is updating to a new litecoin code base with improved difficulty retargeting as the current one is not stable and is having stalls because of multipools. Soon after we launch the new code base we will publish a roadmap where we will disclose where we are heading with the core development and our estimated timeline.

What you can expect from our core development is stability. Auroracoin is not about innovative technology but about the people of Iceland adopting the coin. So our resources are better spent on focusing on that rather than new features. Everything we see that can make the coin more stable and secure will be something that we would want to implement and who knows what will be required when a lot of people start to use the coin.

That was Baldur's decision and nobody here had really anything to say about it. According to his original airdrop blueprint there was always supposed to be a portion left for the foundation or dev group but if I remember correctly that was supposed to be around 1/3 of what it turned out to be. I think he increased the amount as he was hoping that the development would pick up at the time but the price had gotten quite low at the time. This was when he reset the airdrop for the second phase.

So the million is there and there is not much to do about it now so we are working on a clear plan on how the foundation will use and secure the funds. For the moment I can not give you guys the details of how it will be used as it's not for me to disclose at this time but I can tell that the majority of it will be used for promotion and education in Iceland and for infrastructure development. The fund will not be touched until these plans have been laid out in detail and all factors of transparency are in place.

Absolutely correct on both OP and exchanges.
Will get the OP updated.

Oh and thanks for the code update, yes would prefer stable, maybe update OP to reflect this.  I would like to hold aur not in an exchange for obvious reasons...

Can you explain why the foundation holds 1 million aur?  For instance if this was a brand new coin, we are talking a 15% premine (since 5.4million or burned) for dev/foundation work, almost everyone on bct would call this out pretty violently.  Coming from FLT I recognize the need to have proper funding, but at current price that is $8.6 million isk.  Not sure if that's a lot in Icelandic terms.

Yes there was a time but sometimes life gets the best of you.

There were some changes on the way and we decided that the new code base would need more testing before we would publish it. We rather take more time to make sure that the code is solid than to publish it with a possible bug. Our estimate is that the code should be properly tested and the new wallets compiled by the later part this week. I'm sure most people here would rather have a stable wallet than getting it a few days earlier.

Nobody knows for sure about Satoshi, neither do we from Baldur. But both seemed to wanted to do something groundbreaking, but didn't feel comfortable being in the spotlight for that (can understand with Satoshi... all the fanboyism that was here, plus maybe a bit of fear from groups that might not like his idea of giving people control about money).

Added.

I did not know that it is known why Satoshi Nakamoto gave Bitcoin up.
What was the reason and from where did you get this information? 

I remember holding 1 aur as part of my coin plan back in 2013.  So price has dropped, some people bought it all up and now are rebooting it?  That is noble cause and good luck to you, but you cannot just say hey we are relaunching, we are new, look at us when in your OP you have original github, original wallets, that haven't been touched since April 2014.  I remember there was a countdown timer to new stuff?  I have a little over 600 aur now, nothing close to the 2 million held by three addresses but still wondering where is this going to end up?

Let's move on and take the coin back to over litecoin in marketcap

Actually he was always clear on this from the beginning. His plan was always just to start the coin and let the community take over. He never hid the fact that he would withdraw from the project, at least as Baldur. Even though he stopped communicating some months after the initial lunch he still followed through on everything that he promised. He reset the airdrop for phase 2 and 3 like he said though he changed the arrangement which he also made clear he might do in the airdrop bluprint and he burned the remainder of the airdrop after the airdrop was finished. I like many others do not agree with all the decisions that he made but they were his to make and as far as I know he didn't lie to anyone. So whatever people might think of the guy he never promised anything that he didn't deliver.

The reason Auroracoin lost it's momentum in the beginning is the fact that it was extremely overinflated by unrealistic expectations and naturally crashed when everyone realised it was so. So most people who wanted to get involved in the beginning disappeared as they wrote the coin off as a failure. The uncertainty increased more when Baldur stopped communicating and the people who were still involved didn't get the support and traction needed to continue.

There has always been a core of people who have been determined to take this all the way (me included). The reason we didn't until now is that we have always known that while the airdrop was still open there would always be too much doubt and we would not be able to introduce this project to the people of Iceland until that uncertainty was eliminated. So what we have been doing is working behind the scene towards other infrastructure solutions.

Regarding Baldur not being Icelandic. I never communicated with him myself but I personally know a few people who did and they did that in Icelandic. So either Baldur was Icelandic or one of that group at least was. Another fact is that you can't get access to Íslykill (Icelanic social ID authentication service) unless you are Icelandic.

Same reason why Satoshi gave up on Bitcoin.