Topic: Auroracoin incredible scam exposed (Read 6827 times)

Obviously not very many people here know what they are talking about.

LackofABetterName keeps on referencing transactions (500,000 AUR)  that were simply used to organize the airdrop.

50% premine was for the citizens / residents of Iceland.  10,500,000  (32 each)

At the end of the 3 airdrops (3 months each, 32 AUR 1st, 323 2nd, 636 3rd ) there still were 6,000,000 coins left.

1 million went to the foundation and they still have it.  ( Used less than 50,000 at this point for some development costs )

....   and 5 million were verifiably burnt. 

The coin is one of the oldest and sure there was an anonymous creator but he has been out of the picture for well over a year.

No one involved on the foundation or development team have taken advantage of the M1 fund ( the million coins )  and there is no evidence that any pump and dumps were founder/developer/team related.

In fact recently there was a dump of 600,000 coins on cryptsy which were swallowed up by confident investors.

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So if you dont know what you are talking about you are part of the problem.

Which problem ?    If you dont know then again you are the problem.

Humanity needs honesty, humbleness, leaders, and service to others....   not trolling chatter-mouth rumor starters.

Check yourself before you wreck yourself.

MHz  out

Hit around $14 on Cryptsy way back.

50% premine LOL

You all fucking loved it hahahahha 

..big talk + big hype (who's talking about it now ?)

i don't know.
i don't hodl.

but yeah auro was the first ETH level scam.
such capital raised.  such dump.

yet i still think there is a nice project.
multi-algo.
the hype completely flushed out of the system.
a burn? can someone verify?

an yeah it is ICELAND.  and really could convert to Blocktech as a screw you world we have F'n molten lava to run Hash!

it still take boots on the ground to audit wat is WHAT

So any of the doubter still around or   WERE THEY JUST A SCAM AS WÆLL  ?


Eyes looking at you ScammerTroll4LackOfWorstName.

 

Look, we're just normal folks like you.   Baldur burned 5 million coins.  It was never a scam coin.  Scoffers in the end days.

MHz

I would share the same opinion then you sir, if it wasnt of an important fact: the whole project is not aimed at us foreigners. From the start, the target is the same, Icelanders. And for most icelanders, their only contact with crypto has been them claiming some AUR, but without any place where trading it, using it. All the market drama happened far from them, so they are still mostly free from FUD and all. 

So the actual effort is much more organized, well funded, but the global goal is the same : to give icelanders a financial option to their actual ISK (fiat) that is manipulated real bad (see 2008 collapse).

The new code is knocking at the door, so the new ISK-AUR-exchange, the well-funded foundation is now running. Still need to select the best paiement processor and ATMs possible - and they will be in pretty good shape to lauch some large scale campaign in iceland, no matter if we join the effort or not.

They made it pretty clear to me : all the efforts are aimed at iceland - icelanders, and there is even a marketting plan to get AUR back for most part to iceland (export campaign, basically inducing icelandic merchant to sell goods outside iceland for AUR, so good for economy, and bring AUR back home).

I got some AUR - i will use it for sure !

The AUR pump was legendary, imagine the amount of money one could have made buying when it came out, it reached like 0.12, jesus christ. I wonder of any of those so called "Pump gurus" would have seen that coming. Those scammers make me mad (im talking about the "pump gurus" that ask for BTC to get inside their circles, but then again there is an even more inner circle where only a few get the profits).
As for the coin itself, it was a good idea, but I don't see how one could be able to make the coin work again, it has too much fame of being a pump and dump without anything else that makes it stand out enough. It was a good idea, but always have to consider people is dumb, and if you give them free money they'll dump it in exchange of fiat seconds later, creating a mass dump.

I'm from FLT Team (community takeover). First thing we did when we tried to save FLT was to audit the code, and to make sure there was not hidden block, or unfair stuff going on. 

Next, we corrected the fork problem, then worked toward building a strong and honnest group. Even if we did not succeed at a value point-of-view, we succeeded at being an exemple of ethic in crypto. We were tired of lies, scammers, angle shots.

I started interest myself to AUR lately - when discussing with a friend of mine that work first hand on it. First thing i did was inquire if it was legit or not. Asked a lot of questions, talked to a lot of people including devs, foundation leaders, PR team, and so. My goal was (is) to make sure that if I commit myself to a coin, it have to be fully legit, and it's purpose clearly exposed.

As of now, i have been unable to find any dishonnest behavior. Some people used FB to buy a lot of AUR, this is ''trades''.

I think that the biggest problem has been that some foreign whales played the market a lot, inflicting huge damage to AUR by rising it's value way to high way to fast. This is my opinion.

So at the best of my knowledge, this is now the best project in crypto - because it may change a lot of thing, not only for Iceland, but may well give an exemple for all cryptos. 

People inquiring for ''scams'' are good in crypto, because it play somewhat a free police role. But pur FUD and FUDers are a destructive presence, and this is criminal. The line in-between is often thin, be careful guys !

Scammers try to declare their scam legit. How cute.

So go ahead and show us evidence you withdrew from that wallet. And prove it is a cryptsy wallet.

Even if that was the case it just would show parts of the laundered premine was directly sent to a cryptsy account, nothing more. So it really doesn't make a difference if this a wallet at cryptsy or not.

edit: i see the blockexploreer marks it as cryptsy. So we know now about a couple of adresses balduro and his scamming friends used at cryptsy. Good. The fact parts of the premine were laundered directly to a cryptsy account doesn't change a thing.

So far nobody has made any statements about the other evidence in this thread here, which beyond any doubt shows that huge amounts of premined coins were claimed by one and the same person (Balduro, who else?). Actually the vast majority of all premined coins.

I do not throw out statements, i investigated the block chain, backtracked my withdrawal from cryptsy and know this is their wallet. I am not trying to convince you either, if you have some facts it is a scam please present them. We will investigate and i will be the first to admit if you present something solid . If you don´t like people answering your just say so.

one of the biggest scam ever.
but i remember when I mined some AUR with my scrypt miner, and I miss those times...

Lol I remember when this coin had like $700 million "market cap" on coinmarketcap.

the wikipedia article was updated. the "It is widely regarded as a scam coin" sentence was removed and this sentence added: "On April 22, 2015 in accordance with the original airdrop plan, the unclaimed pre-mined coins were verifiably 'burned' or made inaccessible by being sent to the address AURburnAURburnAURburnAURburn7eS4Rf."

Like has been said: your attempts to whitewash the scam are obvious. That "exchange wallet" was claiming a heck lot of airdrops, didn't it? Do you have evidence to prove your claim this would be an exchange wallet? No, you don't. You just throw it out there as a statement without any evidence. I'm not here to convince you,because you likely are not convincible as a bagholder that you are. All evidence is there out in the open for those willing to do their due dilligence. In case you are biased because you are bagholding it, that's ok too but just don't try to whitewash it with more lies in order to draw more people into that scam because that's criminal behaviour and actually a felony by law and can be severly punished. Unregulated markets don't mean fraud is permitted.
If you are knowingly advertising a fraudulent investement, you are commiting a crime.

If i thought this was a scam i would walk away from this project.

You do realize you are pointing to an exchange wallet. What i have seen from you are random numbers you throw out and to me it looks more like fUD than facts. I am not saying you are wrong, just not very convincing argument. I do own aur and yes i will gain from it rising in value.

In the adresses shown in this thread aswell as the adresses linked to it plus a whole lot of adresses that escaped attention. Exact blockchain forensics will take many hundred of hours to determine the exact amount of laundered premine.

This wallet is just one possible example:
https://chainz.cryptoid.info/aur/wallet.dws?15531.htm

It's also logical the ones who benefited and still benefit from the scam are now eager to whitewash it.

I did, where is the 60%+ hidden?

2%? More like 60%+

Take a good look at the blockchain.

According to one or the articles last year it says

can be observed that between one and a half and two percent of all available Auroracoin Airdrop coins have likely been fraudulently acquired so far.

Can we get an actual tally on how many coins are supposedly fraudulent? Because I'd argue if it is really only 1-2% that is actually a pretty low amount, I'm sure the Dash, Monero and SDC devs hold a much greater percentage of their own coin than 1-2% for instance.

Even it the dev had questionable intentions, I think a community takeover can stomach 2% of coins being dumped on the market and that is much preferable to just starting from scratch. If Balduro gets his small cut, so be it, he still came up with the idea and 2% is not exactly an unfair amount for a dev to hold.

I am from Iceland and this is a big scam, very well orchestrated to make the developer look innocent. Keep up the good work to warn people, they have a couple people pumping the coin to give it attention as they going to release code and with only a few coins in circulation they can inflate the price.

If these people truly cared about crypto currencies they would of started a new coin for Iceland which is fair and transparent, now they try to be transparent with full bags.