Topic: AURORACOIN - Empowering Financial Freedom - page 108. (Read 138034 times)

Why so modest? Providing liquidity and monetary value to the coin at this stage is one of many important things that need to be there for the coin to work. The chain runs on scrypt and just a few weeks back we had massive problems because the mining crowd was small and tended to hop away at the slightest drop in exchange rate. We were suspecting attacks because the hashrate was tiny and weird things were happening. Now we have about 5 times as much hashrate and worries about security of the chain are way lower.

You take a high risk and you might be rewarded... even if it's just with beers in Icelandic bars .

It was pure FUD . Just ignore it and carry on, earlish investors deserve to make a lot of money and I am not going to sell my coins at very high  prices as I have no use for them. I can use bitcoin of course and I just want to make a bit more while this new team makes  AUR usable in Iceland.  It's a fair trade. So team  ignore the FUD and make me a rich bitch!

In a closed loop crypto system, there isn't a need for fiat.  When I go and buy a beer with AUR, I expect that bar owner to go and buy breakfast in the morning with it.  And then that shop owner goes and buys petrol for his car with it.  The petrol employee gets paid with it and goes out and buys his wife a wedding ring with it.  And the jeweler goes out and celebrates at the movies for making an awesome sale that day.  And so on and so forth.

A country coin isn't about having another form of currency... it's about being the currency.

Merchant adoption and daily use is the goal, as it should be.  If people want to trade currencies and invest in things, go play around with a forex account.

-Fuse

guldencoin is half the marketcap of AUR according to coinmarketcap which makes AUR the best countrycoin by far already. Have merchants isn't a good thing because then people spend coins and pushes the price lower and who wants to waste coins buying stuff when you can use shit fiat for that. Look what happened to bitcoin price since more merchants started accepting the coin.

@Eggert, building a good coin takes time. Check Guldencoin, that has done the concept of a country coin right (even with a big premine). A dedicated team and a community that wants to help building it is all we need. We don't need pumpers and dumpers, we don't need "investors" that want to profit as much as possible at the expense of the coin, and we certainly don't need FUD. If there is FUD, let us know what, so we can resolve that. Big bag holders aren't a problem. They will dump at the right price, which will be absorbed by the market.

Good riddance asshole!!!!

My name is Pétur Árnason and I'm one of the founders of the Auroracoin foundation and am a part of the new dev team.

I want to state this now so we are all clear on this.

We are not trying to hype the coin nor get any of you here to buy the coin. We are taking over this project because we believe in it's potential here in Iceland and we will be working towards that goal not to get a few traders on BCT to buy a few coins. So I think I can't make it more plan than this. Do not buy the coin if you are not from Iceland. If you are however and you have your doubt's then you can send me a PM here or at auroraspjall.is and I would be more than willing to meet you face to face to discuss what we are doing here and why.

If you are however interested in this project and it's potential, then feel free to join us in this experiment and help us get this coin adopted by the Icelandic public. We are a determined group that fully understand that this project will take some years of dedication before it can be called a success and all of us are ready to take on that work.

If you are asking why then it's because of Auroracoins huge distribution in Iceland. I think most here don't realise what that means. This coin has more chance of getting public adoption in the next years than any coin around, including Bitcoin. That is for two reasons and for those who are interested, I'll explain.

First is Iceland.
Iceland has all the perfect conditions to adopt a cryptocurrency.

• We had a crash here in 2008 that is the result of the flawed monetary system we have today and people here are unhappy with this system and are still angry at the system.
• People here know that the króna is a zombie currency that has been inflated many times beyond it's capacity and they know it will fail again.
• Iceland has capital control in place which greatly limits the foreign currency that the public can get.
• We have a very high rate of technology adoption in Iceland and one of the highest Internet usage per capita in the world.

The second being the success of the first airdrop stage.
There were claims for over 10% of the nation and there are still over 20.000 of these that are still holding their original claims. No matter how you put it the exposure Auroracoin got in Iceland at that time is unparallelled anywhere in the world. In no other country in the world does as high percentage of the public been exposed to a cryptocurrency and nowhere else do more people own a cryptocurrency. The amount of claims does not even come close to showing the the amount of exposure the coin got here at this time. This is what makes Auroracoin special and is far more valuable than any market cap can tell you.

What this all means is that Iceland is the perfect environment to get people to adopt a cryptocurrency. If we succeed in that all of the crypto community will benefit from it as Auroracoin would hit all the possible obstacles on the way, be it social, legal or technical. It would demonstrate all the benefits and disadvantage of cryptocurrency adoption which other coins can learn from. Auroracoins adoption in Iceland would be a small scale simulation of how adoption would likely play out in larger economy's and it would benefit our crypto community as a whole.

This is why we dedicate ourselves to this project. Our goal is general adoption of cryptocurrencies in general, not just Auroracoins.

So just to be clear on this. If you are not from Iceland, do not buy the coin. There is a plethora of other coins out there much better for general trading.

Let's keep it clean.  We haven't even made it out of the first day of this thread, and we've already started with the expletives. lol

The guy has a right to be cautious.  I agree that it seemed pretty FUDish, but if this is going to succeed, all concerns and questions need to be addressed to the best of the team's ability.

-Fuse

Auroracoin succeeds it means we get duped like in 2008. Since I am the bad one I will leave you all to your devices and self enrichment program.

In all seriousness, though, what would you like addressed?  Coins were airdropped to whoever claimed them.  The remaining coins sat in wallets that the AUR team had already planned to block should Balduro not come through with his initial promise.  Balduro then, as he said he would, burned the remaining coins in a dump address(which can be seen in this transaction https://chainz.cryptoid.info/aur/tx.dws?490947.htm).  He is no longer involved in the workings of this coin.  It seems pretty clear.

For those that have already responded about the FUD, I think we should hear it out.  If we can't clearly state what the current situation is, and what our current position is with AUR, then we can't dismiss the FUD.

So Eggert, What's left to discuss about it?  What's left for him to explain?  I want to see if I can get you whatever answers you need to be at peace with your thoughts about AUR.

-Fuse

I'm holding a ton myself but frankly these allegations don't bother me too much. Most people in Iceland haven't heard of bitcointalk, let alone this thread. Auroracoin will succeed or fail on the ground in Iceland regardless of what FUDers say here.

Please GTFO a few of us are holding a fair amount of coins and you fucking with our investment. 

It wouldn't matter if there wasn't a premine, there is a lot of issues surrounding the other 25% of the premine, he has a lot of explaining to do.

This time they mean it
Also premine is burned.

At this point in time, does it matter who he is though?  I can assure you that I personally know 5 members of the new team, and have been acquainted with the rest, and they are most certainly not Balduro.

If the coin is in new hands, and the premine was burned, does Balduro matter?  That's like trying to continue the hunt for satoshi.

-Fuse

Who is Baldur Odinsen? Tell me who he is and I walk away from this conversation and never return and wish you all the best. I don't know any Icelandic coin developers, most are from China,India,Netherlands and US. I think dev was not from Iceland and use fake Iceland name.

I found him, my mistake.
http://en.wikipedia.org/wiki/Balder_%28comics%29

Add to op plz !

Contact : postmaster[at]laintimes|dot|com

Cool !   Look good.

If anyone (respectful) want to join the Skype chat group, just PM me (or anyone in the group) - we have fun - it's a nice project and it's always good to chat with devs before spending on a coin. 

@Eggert, don't know what is a chill account or if that include me - but I understand your point - and shared most of it few time ago. But I personnaly know one of the foundation guy, Hermann, and i can tell you this is one of the most honest guy i know online. So the PnD fear is inexistant.

Do starting a new coin would have been a better move ?   I don't know, but the fact that Baldur Odinsen burned premine, that he never dumped any (you remember, when Aur was pumped by whales, was worth few bucks!) - is a good legacy to continue - no matter the strategic mistake done.

Aur is 45 in market cap, have a decent limited supply, is very well supported, have manpower and knowledge, have a nice branding, so i'm ok with pushing this project on a lot, and i do hope it will be the 2015 success story. Nobody is forced to buy some and help the team - but i did and there is some new face on a regular basis - it's pretty motivating (and fun).

It doesnt matter that it was 40k or 400k or 4000k imo. It need to be adressed once, so we can move on !

I know that without any exchanges in Iceland, most icelandic had no way to buy-sell easily, so some people proposed to buy (mostly using FB to reach them) a lot, so it's why few adressed got multi ''shipping''. I may be wrong but it is my understanding.

My2cent is that conducting an airdrop was a very good idea. But doing so without having a isk-aur exchange before was a big mistake. I'm pretty sure it would be much different if done with all we know about the problems it caused !

Anyway, some of the Aur team would probably answers much better then this pooor foreign french canadian (Quebecois).  

Enjoy