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Topic: Auroracoin International (Read 5936 times)

sr. member
Activity: 403
Merit: 250
September 02, 2017, 10:03:06 AM
new all time high for the number of auroracoins held on bittrex.

At present there are more than 1.4 million auroracoins being held on bittrex wallets associate with the wallet 8069

https://bitinfocharts.com/auroracoin/wallet/8069
sr. member
Activity: 403
Merit: 250
August 21, 2017, 09:47:18 AM
Iceland is in a strange situation with regards to crypto.

The country has a massive crypto mining industry but its unclear how much of that value gets translated into tax for the government.

They have their own national crypto currency called auroracoin but most people who claimed in the airdrop dumped their coins on the market and forgot about it.

The political class can be assumed to be buying crypto but they denounce it publically.

The people who claim to represent auroracoin have gathered only a small community after four years.

A simple mission seems to be failing. There is little progress to show and the few milestones that have been met have been clouded in secrecy.

I personally think the official representatives are delibrately trying to sabotage auroracoins progress.

The people involved need to do more to convince any one that this is going to work.

A little video content can go a long way...
sr. member
Activity: 403
Merit: 250
August 13, 2017, 03:00:38 AM
Auroracoin has lost half of its value against bitcoin since it recent rally to 0.0004 btc for a coin. The massive bitcoin bull has helped auroracoin make gains against the dollar and the icelandic krona but auroracoin really should be doing better against bitcoin.

Bittrex provides clues to the cause of the phenomenon and with more than a million coins in its custody, bittrex itself has powerfull market making abilities.

The clear incentive here is for bittrex users to sell auroracoin for bitcoin and profit off bitcoins rally before buying back into a lower bitcoin price for auroracoin.
legendary
Activity: 1582
Merit: 1002
HODL for life.
August 06, 2017, 09:03:08 AM
Disclaimer:


This thread is started by a community member and in no way reflects any official representation of Auroracoin.

Please be advised that only in the following thread official announcements are made by the Auroracoin dev team and it's foundation:

https://bitcointalk.org/index.php?topic=1467050.840



SCAM ALERT!


It has become blatantly clear to us that the op of this thread is trying to scam people out of their Auroracoins by imposing to be some sort of official entity. Please beware that this person is not trustworthy and has malicious intentions! DO NOT send any funds to any account posted in this thread. We, the official Auroracoin development team can't warn you enough!

Be safe! Ignore this thread!



sr. member
Activity: 403
Merit: 250
August 06, 2017, 05:25:51 AM
Frosti is a PM in iceland and one of the most notable voices against the use of auroracoin. He later contributed to a popular central bank document released in 2015 describing a new monetary system for iceland https://www.google.co.za/url?sa=t&source=web&rct=j&url=https://www.stjornarradid.is/media/forsaetisraduneyti-media/media/skyrslur/monetary-reform.pdf&ved=0ahUKEwi2r-SdosLVAhUqCsAKHfpyAAEQFggxMAk&usg=AFQjCNGf-ZJCeggKfE4XkFLSZ2fOIUCx1w ...

You can find his blog @ www.frosti.is and when you search auroracoin you will find several posts. I translated one here...


Auroracoin money fraud?
 February 7, bings news of plans of unknown but extremely kindly parties who intend to give every Icelander 31.8 auroracoin on March 25th. Icelanders can then use Auroracoin as a currency instead of crowns. Thus, the nation will be free from "currency controls and dilution of the currency".

However, there are many indications that there are money fraud and violations of law.

Ever since the Bitcoin chips have appeared in the field, similar artificial gems have emerged like spikes. It's even more fun to pretend that the advocates will succeed in convincing the public to accept this synthetic chips as a currency.

Auroracoin marketing seems to be giving to most Icelanders 31.8 Auroracoin. The plan is for the Icelandic public to use Auroracoin as a currency in their transactions, or to store liquidity. Auroracoin's website appears to be limited initially, and it will grow slowly. Thus, it is implied that supply is rising slower than demand and prices will rise accordingly.

It is announced that in March, up to 10.5 million Auroracoin will be in circulation here in Iceland. (330,000 x 31,8).

But nobody knows who is behind Auroracoin and nobody knows how many Auroracoin they store for themselves. The anonymity is hardly unfounded and raises suspicions that this is illegal fraud.

That's how the cheat could be: Auroracoin men make 10.5 million Auroracoin and invite every Icelander who wants to pick up 31.8 Auracoin. Let's hit this and 100,000 people receive a total of 3.18 million Auracoin gefins. If the public in Iceland continues to use Auroracoin in business for some reason, the price may increase as has happened with Bitcoin.

Let's say that the price of 1 Auroracoin will reach 100 kr. Then those 7.82 m Auroracoin, whose initials, saved themselves worth $ 782 million. Then they could quietly sell them. Of course, the vegetation could be much smaller, but still easily some tens of millions.

If this is a cheat, who loses?

They lose up with Auroracoin's unseen if the system collapses, if a injunction is imposed on its operations, or Auroracoin's demand drops for some reason. The price of Bitcoin has been enormously unstable and there is reason to believe that Auroracoin's exchange rates will be more stable.

The central bank may also suffer from some currency gains if Auroracoin replaces banknotes and coins to some extent.

Auroracoin's intention is likely to violate the Foreign Exchange Act and the Central Bank Act. Article 5 The Central Bank Act states: "The Central Bank of Iceland has the exclusive right to issue banknotes and to issue and issue coins or other currencies that can be exchanged in exchange for banknotes or legal coins."

The website auroracoin.org discusses the bank collapse and capital controls and hinted that using Auroracoin solves the problem of the public in Iceland. Money laundering is out of history and capital controls too. They forget to mention Bitcoin's instability because that would be a bad point. But it is not enough to spread Auroracoin to fulfill a promise of a brighter future. It is rather unlikely that shops or people generally wish to accept illegal chips as a payment. The chances that it happens to some extent are small.

Auroracoin will hardly be more than illegal coin mint in this country - but if the public fools to use Auroracoin significantly, it might make a lot of profit for the advocates.

[Change February 7 at 16:55. Got an indication that founders can not create Auroracoin without other users knowing it. If it is correct, the founders' scope for cheating on users is reduced, but it does not disappear. Therefore, if the founders acquire that part of the original pit that the public does not apply, they can grasp significantly on that part.]
sr. member
Activity: 403
Merit: 250
August 06, 2017, 04:17:55 AM
Icelandic politicians have commented on auroracoin and their concerns of tax evasion and illegal activity are not unfounded...

According to Wikipedia as of 2015, the legal status of cryptocurrencies in Iceland was unclear, though the Auroracoin airdrop involved government approval of Odinsson's use of the national database of citizens, Íslykill.[14] Some Icelandic politicians have taken a negative view of Auroracoin. During a parliamentary debate on March 14, 2014, MP Pétur Blöndal, vice-chair of the Parliament's Economic Affairs and Trade Committee (EATC), emphasized that potential tax evasion through the use of Auroracoin could impact Iceland's economy.[8][15] He also said that the public should realize that Auroracoin "is not a recognized currency since no-one backs the medium".[15]

MP Frosti Sigurjónsson, a member of the ruling Progressive Party and Chairman of the EATC,[15] suggested in a blog post on his website that there is evidence that Auroracoin is an illegal financial "scam".[16][17]

sr. member
Activity: 403
Merit: 250
August 06, 2017, 03:54:51 AM
An international auroracoin foundation is in the pipeline.

The purpose will be to promote auroracoins adoption in iceland to an international investor base.

The new foundation will actively monitor the devs progress and the activity of the icelandic foundation as well.

The foundation will also strive to reveal as much information about the identities of auroracoin stakeholders as possible. This refers to the dev, the icelandic foundation, icelandic users and foreign holders aswell.

Auroracoins transparency can set it apart from an industry plagued by anonymous activity and alleged black market criminality.

The devs have not disclosed their holdings and this is one such problem auroracoin has to overcome if its going to be seen as a viable national currency free from manipulation.

Stay tuned ☺





sr. member
Activity: 403
Merit: 250
August 06, 2017, 03:29:55 AM
I got the report from these guys.... http://www.retail-fmcg.co.za/
legendary
Activity: 1582
Merit: 1002
HODL for life.
August 05, 2017, 02:46:50 PM
Just received this report from a marketing firm regarding Icelands export/import situation...

The economy will see another year of steady growth in 2017. Private consumption and tourism are the main drivers. Large investments in energy-intensive projects and strong wage growth provide additional support. The capital controls introduced during the financial crisis will be lifted in 2017. The pace of growth will gradually decelerate, falling to about 2.6% per year by 2020. Domestic demand and tourism should be the main drivers. Continued wage increases could pose problems.
Iceland is the 104th largest export economy in the world. In 2015, Iceland exported $5.43B and imported $5.44B, resulting in a negative trade balance of $16.8M. In 2016 the GDP of Iceland was $16.6B and its GDP per capita was $47.2k. The top exports of Iceland are Raw Aluminium ($1.85B), Fish Fillets ($926M), Non-fillet Frozen Fish ($379M), Processed Fish ($246M) and Animal Meal and Pellets ($224M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($580M)…..
In 2016 Iceland imported $5.44B, making it the 126th largest importer in the world. During the last five years the imports of Iceland have increased at an annualized rate of 0.8%, from $5.11B in 2010 to $5.44B in 2016. The most recent imports are led represent 10.7% of the total imports of account for 9%

http://atlas.media.mit.edu/en/profile/country/isl/ <- his "marketing firm".  Roll Eyes

Disclaimer:


This thread is started by a community member and in no way reflects any official representation of Auroracoin.

Please be advised that only in the following thread official announcements are made by the Auroracoin dev team and it's foundation:

https://bitcointalk.org/index.php?topic=1467050.840



SCAM ALERT!


It has become blatantly clear to us that the op of this thread is trying to scam people out of their Auroracoins by imposing to be some sort of official entity. Please beware that this person is not trustworthy and has malicious intentions! DO NOT send any funds to any account posted in this thread. We, the official Auroracoin development team can't warn you enough!

Be safe! Ignore this thread!

sr. member
Activity: 403
Merit: 250
August 05, 2017, 02:25:21 PM
Just received this report from a marketing firm regarding Icelands export/import situation...

The economy will see another year of steady growth in 2017. Private consumption and tourism are the main drivers. Large investments in energy-intensive projects and strong wage growth provide additional support. The capital controls introduced during the financial crisis will be lifted in 2017. The pace of growth will gradually decelerate, falling to about 2.6% per year by 2020. Domestic demand and tourism should be the main drivers. Continued wage increases could pose problems.
Iceland is the 104th largest export economy in the world. In 2015, Iceland exported $5.43B and imported $5.44B, resulting in a negative trade balance of $16.8M. In 2016 the GDP of Iceland was $16.6B and its GDP per capita was $47.2k. The top exports of Iceland are Raw Aluminium ($1.85B), Fish Fillets ($926M), Non-fillet Frozen Fish ($379M), Processed Fish ($246M) and Animal Meal and Pellets ($224M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($580M)…..
In 2016 Iceland imported $5.44B, making it the 126th largest importer in the world. During the last five years the imports of Iceland have increased at an annualized rate of 0.8%, from $5.11B in 2010 to $5.44B in 2016. The most recent imports are led represent 10.7% of the total imports of account for 9%
sr. member
Activity: 403
Merit: 250
July 31, 2017, 08:36:18 AM
The aurora dev team have become more vocal recently posting much needed updates on the coins technical progress.

Long periods of silence create unease in tge community and the devs seem to be constantly on holiday as per some of their posts.

In other news iceland faces an existential threat from an imminent volcanic eruption http://www.zerohedge.com/news/2017-07-30/iceland-could-be-about-experience-major-volcanic-eruption
sr. member
Activity: 403
Merit: 250
July 30, 2017, 02:14:38 PM
Bittrex wallet 8069 shows a major event in Auroracoin in late 2016.

As the largest active account in the economy its a major player in price determination. its wallet address can be seen to make massive withdrawals and deposits periodically.

The wallet activity reveals interesting patterns and if the pattern continues there should be some even bigger moves before year end.

https://bitinfocharts.com/auroracoin/wallet/8069
sr. member
Activity: 403
Merit: 250
July 30, 2017, 02:26:03 AM
Anybody buying aurora under 20 000 sats?
hero member
Activity: 1050
Merit: 604
July 30, 2017, 01:53:16 AM




Ok, I'm on Holliday and don't want to waist too much energy on this idiotic thread. But it seems like Matthew is at it again. Badly I might add.

I have had numerous descent conversations with Matthew (Adamastor) in the past. I always was the one trying to see the positive side of his enthusiasm. But he also was one of the driving forces for us to decide to switch to a moderated ANN.

Reading up on this thread I can only conclude that Matthew is off his medication again and lost his way (again). This time it's even worse though, he has managed to scam several people out of their AUR. The lies I have read by him here are absolutely shameless and outrageous.

Please people, ignore this fool scam artist and be aware. I no longer trust his good intentions and am 99% sure he is only here to disrupt and steal from ignorant noobs.

THIS THREAD IS A SCAM!!!

Martin Jansen
Auroracoin DEV team



Disclaimer:


This thread is started by a community member and in no way reflects any official representation of Auroracoin.

Please be advised that only in the following thread official announcements are made by the Auroracoin dev team and it's foundation:

https://bitcointalk.org/index.php?topic=1467050.840



SCAM ALERT!


It has become blatantly clear to us that the op of this thread is trying to scam people out of their Auroracoins by imposing to be some sort of official entity. Please beware that this person is not trustworthy and has malicious intentions! DO NOT send any funds to any account posted in this thread. We, the official Auroracoin development team can't warn you enough!

Be safe! Ignore this thread!


sr. member
Activity: 403
Merit: 250
July 30, 2017, 01:51:41 AM
August is a month to watch auroracoin.

With bitcoins big day tommorrow increased volatility will be good for auroracoins image as a stable coin.

I beleive a big break out will happen at the end of the month but i wont be surprised if it breaks down too.

hero member
Activity: 1050
Merit: 604
July 29, 2017, 01:38:40 AM
With the recent arrests of alleged bitcoin launderers what risks does the use of auroracoin expose icelanders to?

Auroracoins blockchain technology can give Icelanders more privacy and security over their finances but where does the local law of Iceland draw the line between anonymity and transparency and is Icelandic law even applicable to Auroracoins transactions?

If it isnt already, the judiciary is going to have to be forced to establish laws for the use of Auroracoin if it wants to prevent future crimes of bigger magnitudes than we see in the headlines today...

you've never even set foot on Iceland.

Stop chatting shit about a country that you have no clue about.

You're like a psycho bunny boiler.

You should date her

sr. member
Activity: 403
Merit: 250
July 28, 2017, 09:26:05 AM
With the recent arrests of alleged bitcoin launderers what risks does the use of auroracoin expose icelanders to?

Auroracoins blockchain technology can give Icelanders more privacy and security over their finances but where does the local law of Iceland draw the line between anonymity and transparency and is Icelandic law even applicable to Auroracoins transactions?

If it isnt already, the judiciary is going to have to be forced to establish laws for the use of Auroracoin if it wants to prevent future crimes of bigger magnitudes than we see in the headlines today...
sr. member
Activity: 403
Merit: 250
hero member
Activity: 1050
Merit: 604
July 27, 2017, 10:00:09 PM




Ok, I'm on Holliday and don't want to waist too much energy on this idiotic thread. But it seems like Matthew is at it again. Badly I might add.

I have had numerous descent conversations with Matthew (Adamastor) in the past. I always was the one trying to see the positive side of his enthusiasm. But he also was one of the driving forces for us to decide to switch to a moderated ANN.

Reading up on this thread I can only conclude that Matthew is off his medication again and lost his way (again). This time it's even worse though, he has managed to scam several people out of their AUR. The lies I have read by him here are absolutely shameless and outrageous.

Please people, ignore this fool scam artist and be aware. I no longer trust his good intentions and am 99% sure he is only here to disrupt and steal from ignorant noobs.

THIS THREAD IS A SCAM!!!

Martin Jansen
Auroracoin DEV team



Disclaimer:


This thread is started by a community member and in no way reflects any official representation of Auroracoin.

Please be advised that only in the following thread official announcements are made by the Auroracoin dev team and it's foundation:

https://bitcointalk.org/index.php?topic=1467050.840



SCAM ALERT!


It has become blatantly clear to us that the op of this thread is trying to scam people out of their Auroracoins by imposing to be some sort of official entity. Please beware that this person is not trustworthy and has malicious intentions! DO NOT send any funds to any account posted in this thread. We, the official Auroracoin development team can't warn you enough!

Be safe! Ignore this thread!




sr. member
Activity: 403
Merit: 250
July 27, 2017, 03:13:36 PM
Auroracoin is the 5th most profitable to mine right now!

https://www.coinwarz.com/cryptocurrency
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