I said this in another thread, and I will say it again here:
The entire concept of the DEV of this coin actually distributing the coin to the folks in Iceland is going to be an EPIC failure or a TOTAL SCAM.
The DEV had an IDEA of distribution but released the coin without a REAL implementation plan and either one of several things is going to happen.
1. He will attempt to find a manual method of doing distribution, or will mail out some random paper wallets, or find some other half ass way to do a TINY bit of distribution and claim that he is meeting his promise.
2. He will give the coins to friends, or perhaps to a group of folks on an iceland forum board or IRC channel (These folks may or may not be actual Ice Lander's) and claim that he is meeting his promise.
3. He will dump them him self or by using friends and other associates... if he is smart he will do this slowly in combination with some of the above mentioned.
4. He will dump a bunch of the pre mined coins himself in large quantities (get noticed) and disappear with a large profit.
What I can GUARANTEE YOU will NOT happen is that the coins will be distributed to all ICELANDERS as promised.
Sure there is a national ID system that "COULD" be used for verification purposes. There "COULD" be a method of checking an online form fillers IP address for Icelanders ISP's. There "COULD" be all kinds of things.... BUT all that SHOULD have been put in place BEFORE the coin was launched, and all of that WOULD have been in the media many months prior to seeing it show up only in forums that discuss bit/alt coins.
I completely understand folks jumping on new coins for quick profit (I do it myself), but the amount of Zealotry in this thread makes me sick to my stomach.
All of you in this thread need to ask yourself these questions:
Where are the websites and detailed TECHNICAL PROOF of any kind of coin delivery system. Where are the WHITE PAPERS showing his plans to thwart hackers and folks who would try impersonate Icelanders via VPN or by generating fake National ID's via algorithm like a common key gen? Where is the proof that the dev even has ACCESS to all the ID numbers in order to prove they come from the national database? Where is his list of Icelandic addresses if he wants to send paper wallets?
Let alone how is he going to explain what he is even giving away? Contrary to popular belief, most folks don't even know what a BIT COIN is, let alone what a Auroracoin is. Does the dev think that all these folks are going to get on a computer and take the weeks of reading and searching to find out wtf a crypto currency is, how exchanges work, how to convert to BTC/ Etc? If he plans on delivering "paper wallets" who is going to explain to the common folks how the encryption keys work or how to "sweep" those keys to a physical wallet? Where is his program for mass adoption of this coin in Iceland? There isn't even a SINGLE place in Iceland that will accept this "coin". NOT ONE STORE.
He would have had to have MASSIVE (AND I MEAN MASSIVE!) youtube, twitter, blog-o-spere, and PUBLIC educational videos already available BEFORE the coin went live in order for this to have a chance in hell of ever working. Even with ALL the above the chance's are still TINY that the country would adopt any crypto. People on these forums just need a reality check of the fact that most people aren't even computer literate (sure they can get on facebook, and type out a few emails, but that is pretty much the extent of it) let alone able or WILLING to do all the research and experimenting with cryptos to even make it worth their while.
I could go on and on.
The reality is that there is nothing but WORDS on a website.
Only some anonymous coin dev making promises that he can't deliver.
No matter what happens with this coin it WILL BE bad for crypto's, and ALT COINS in particular. This will be seen as another failure because the DEV of this coin did NOT do his homework BEFORE release.
This post is not FUD, nor is it an attempt to move price one way or the other. It's just a fucking reality check to those of you who are blindly believing in the promises of some random person on the internet. IF that isn't the definition of gullible, than I don't know what is.
If you want to go on about the short term profits of this coin, or how your market orders are doing well, fine. I'm all about that.
But let's call a spade a spade and stop the bullshit about this coin actually doing ANYTHING positive for the folks in Iceland.
As they say... "PICS or it didn't happen!" I say show me the PROOF instead of just WORDS on a website.
Topic: The True Value of Auroracoin - page 3. (Read 21155 times)
AUR will peak on March 23rd at 0.99 Bitcoin. Mark my words 
Are you running out of morons to sell your coin to? My big issue with this coin is that it is taking money out of crypto and into fiat (anti crypto).
AUR will peak on March 23rd at 0.99 Bitcoin. Mark my words
can you mark MAZA too?
please take part in my poll concerning the airdrop of auroracoin: https://bitcointalksearch.org/topic/poll-concerning-the-airdrop-of-auroracoin-501714
Are there any technical infos about the id verification for the airdrop? The blueprint doesn't reveal much.
It's a scam. The developers create a coin without the governments consent. Do a press release stating you will give "some" of the coins to the citizens (only the ones with internet with no explanation of how or why). Traders pump it and developers dump the 50% premine.
We will see if it will be Wolong style dump ? - all case is interesting 
AUR will peak on March 23rd at 0.99 Bitcoin. Mark my words
No way. It will prolly be dumped short b4.
AUR will peak on March 23rd at 0.99 Bitcoin. Mark my words
marked where do you go if you want to short AuroraCoin?
AUR will peak on March 23rd at 0.99 Bitcoin. Mark my words
As kennitala (personal identification) is publicly available in Iceland it will take more than submitting this reference to claim your free coins. I really can't grasp how the developers can achieve this. Are they going to accept any IP address from that region that submits a valid kennitala? If so, I will be booking a flight to Iceland soon and will be rich.
I also wonder this, does anyone know? How does the dev guarantee, using a public database, someone is really who they say they are?
They don't care because it is a SCAM!
MAZA is WORSE!
I met the developer for MAZA last night. Yes he was a real Indian. He spoke at Bitcoin Center New York City. Later he sold me a paper wallet of 10,000 coins for $100 cash. Having a hard time transferring the keys to my linux QT wallet he wrote me the next day and I sent him my address and he sent me what was then worth $1000 (cuz it jumped 10x overnight)
Not everyone is in this to scam people. Some of us actually are trying to change the world. If you cant afford the game or cant afford losing once in a while you shouldnt play. Whether or not Aurora is a scam I cannot say. I would like to know as well but in the meantime I choose to play.
Shameless plug, I just came up with an airdrop scam way better (& executable) than Auroracoin
https://bitcointalksearch.org/topic/ann-mar-25-multimillion-trollcoin-giveaway-httptwitchtvtrollcoin-501381
What do u think?
https://bitcointalksearch.org/topic/ann-mar-25-multimillion-trollcoin-giveaway-httptwitchtvtrollcoin-501381
What do u think?
some retarded people here
some people ignorant of trading.
A. it being illegal and little announcements doesnt make it a scam.
BTC isnt legal or is semi not legal in many places it is traded.
B. yeah he can dump the premine and sure he is suffering from temptation as we speak.
c. nearly anyone with any intelligence at all who got into this, UNDERSTANDS THE FACT OF THE PREMINE.
it isnt some sort of magical discovery that OMG 50% premine means the actual SUPPLY IS MUCH LARGER.
fucking duh.
same thing with coin halfing.. "OMG THE BLOCK REWARD IS GOING TO HALF NEXT WEEK.. BUT IN WE WILL ALL BE RICH"
no .. the people who know what they are doing, bought in on the idea of the halving months before it happened. You position yourself early in the markets for things that can be predicted way in advance.
If you got into this without understanding the premine, that is your own idiocy.
and mind you there is a reason why a coin with a 50% premine magically got on cryptsy.. people actually want to see this work, because it it does it will have a ripple effect across the entire alt coin markets because this is what we advertise as one of the best reasons to have alt coins, removing some monetary controls from the big banks and governments. Cryptsy hates major premine coins for the same reasons people list.. but they are HOPING this will work out as advertised because this shit is big.
as for the air drop causing the price to drop... its only one pressure.. your assuming the buying pressures dont increase as well. I personally think it will go down because a good bit of the price is due to the pumpers and i do have questions and concerns over the drop.... but i will say again, there is a good reason why this is all over the exchanges right now despite the premine.
some people ignorant of trading.
A. it being illegal and little announcements doesnt make it a scam.
BTC isnt legal or is semi not legal in many places it is traded.
B. yeah he can dump the premine and sure he is suffering from temptation as we speak.
c. nearly anyone with any intelligence at all who got into this, UNDERSTANDS THE FACT OF THE PREMINE.
it isnt some sort of magical discovery that OMG 50% premine means the actual SUPPLY IS MUCH LARGER.
fucking duh.
same thing with coin halfing.. "OMG THE BLOCK REWARD IS GOING TO HALF NEXT WEEK.. BUT IN WE WILL ALL BE RICH"
no .. the people who know what they are doing, bought in on the idea of the halving months before it happened. You position yourself early in the markets for things that can be predicted way in advance.
If you got into this without understanding the premine, that is your own idiocy.
and mind you there is a reason why a coin with a 50% premine magically got on cryptsy.. people actually want to see this work, because it it does it will have a ripple effect across the entire alt coin markets because this is what we advertise as one of the best reasons to have alt coins, removing some monetary controls from the big banks and governments. Cryptsy hates major premine coins for the same reasons people list.. but they are HOPING this will work out as advertised because this shit is big.
as for the air drop causing the price to drop... its only one pressure.. your assuming the buying pressures dont increase as well. I personally think it will go down because a good bit of the price is due to the pumpers and i do have questions and concerns over the drop.... but i will say again, there is a good reason why this is all over the exchanges right now despite the premine.
Bumping this. Speaks volumes, thank you.
some retarded people here
some people ignorant of trading.
A. it being illegal and little announcements doesnt make it a scam.
BTC isnt legal or is semi not legal in many places it is traded.
B. yeah he can dump the premine and sure he is suffering from temptation as we speak.
c. nearly anyone with any intelligence at all who got into this, UNDERSTANDS THE FACT OF THE PREMINE.
it isnt some sort of magical discovery that OMG 50% premine means the actual SUPPLY IS MUCH LARGER.
fucking duh.
same thing with coin halfing.. "OMG THE BLOCK REWARD IS GOING TO HALF NEXT WEEK.. BUT IN WE WILL ALL BE RICH"
no .. the people who know what they are doing, bought in on the idea of the halving months before it happened. You position yourself early in the markets for things that can be predicted way in advance.
If you got into this without understanding the premine, that is your own idiocy.
and mind you there is a reason why a coin with a 50% premine magically got on cryptsy.. people actually want to see this work, because it it does it will have a ripple effect across the entire alt coin markets because this is what we advertise as one of the best reasons to have alt coins, removing some monetary controls from the big banks and governments. Cryptsy hates major premine coins for the same reasons people list.. but they are HOPING this will work out as advertised because this shit is big.
as for the air drop causing the price to drop... its only one pressure.. your assuming the buying pressures dont increase as well. I personally think it will go down because a good bit of the price is due to the pumpers and i do have questions and concerns over the drop.... but i will say again, there is a good reason why this is all over the exchanges right now despite the premine.
some people ignorant of trading.
A. it being illegal and little announcements doesnt make it a scam.
BTC isnt legal or is semi not legal in many places it is traded.
B. yeah he can dump the premine and sure he is suffering from temptation as we speak.
c. nearly anyone with any intelligence at all who got into this, UNDERSTANDS THE FACT OF THE PREMINE.
it isnt some sort of magical discovery that OMG 50% premine means the actual SUPPLY IS MUCH LARGER.
fucking duh.
same thing with coin halfing.. "OMG THE BLOCK REWARD IS GOING TO HALF NEXT WEEK.. BUT IN WE WILL ALL BE RICH"
no .. the people who know what they are doing, bought in on the idea of the halving months before it happened. You position yourself early in the markets for things that can be predicted way in advance.
If you got into this without understanding the premine, that is your own idiocy.
and mind you there is a reason why a coin with a 50% premine magically got on cryptsy.. people actually want to see this work, because it it does it will have a ripple effect across the entire alt coin markets because this is what we advertise as one of the best reasons to have alt coins, removing some monetary controls from the big banks and governments. Cryptsy hates major premine coins for the same reasons people list.. but they are HOPING this will work out as advertised because this shit is big.
as for the air drop causing the price to drop... its only one pressure.. your assuming the buying pressures dont increase as well. I personally think it will go down because a good bit of the price is due to the pumpers and i do have questions and concerns over the drop.... but i will say again, there is a good reason why this is all over the exchanges right now despite the premine.
That sell pressure is pretty damned large. There are 100k coins in circulation, what do you think will happen when 10.5mil pops into existence? That's like Satoshi popping up and saying "whoops, the real limit is 21,000,000,000 Bitcoins". Also, why would the buy pressure increase at all? Everyone in Iceland is getting free coins, why would they buy more (at least directly after the airdrop?)
Btw everyone, I'm not commenting on whether this is a good idea or not (the motive behind it may be! But execution... not so much), my original topic was aimed purely at the aspect that one person currently holds 99% of the coins and that when the airdrop happens, the supply will inflate by 10000% over a one year period.
Also, it seems that pump and dumpers have found their dream pump coin. They put in enough to raise the true value by $1mil and the marketcap goes up by $100 mil.
Bribery for what??? And why do you need the governments approval to give something away???
I don't really think this will work but your arguments make no sense
I don't really think this will work but your arguments make no sense
Auroracoin is designed to break the shackles of the fiat currency financial system in Iceland.
Auroracoin is an opportunity for Icelanders to free themselves from currency controls and government debasement of the currency.
The idea that you can create a new national currency with a huge market cap and give it for free to all citizens without the approval of the government is preposterous. It's basically a sabotage, a bribery. The only way that they could have got away with this if there was 100% premine and all coins given away for free when the market cap is $0.
Bribery for what??? And why do you need the governments approval to give something away???
I don't really think this will work but your arguments make no sense
The idea that you can create a new national currency with a huge market cap and give it for free to all citizens without the approval of the government is preposterous. It's basically a sabotage, a bribery. The only way that they could have got away with this if there was 100% premine and all coins given away for free when the market cap is $0.
It is unfortunate that there are too many people with too much money and not enough common sense to realize when the wool has been pulled over their eyes. When someone reports a calculation of a pre-mine they do it against some far unreachable number that lies in the future only after the coin has been successful for 20+ years or its full capacity of mined coins.
The bottom line of any of these currencies is to trade them as a store of value, an alternative to fiat. The problem is though, with ALL crypto-currency, they must be traded against another form of fiat or they don't actually hold any value. If we eliminate all other forms of fiat we will succumb to a one world currency, is this what we really want?
The bottom line of any of these currencies is to trade them as a store of value, an alternative to fiat. The problem is though, with ALL crypto-currency, they must be traded against another form of fiat or they don't actually hold any value. If we eliminate all other forms of fiat we will succumb to a one world currency, is this what we really want?
Airdrop = Forfeiture of Identification for "virtual currency"
1000 people or less will be inquiring about their "right" to their fair share.
Aurora coin-- next big thing since ORB
1000 people or less will be inquiring about their "right" to their fair share.
Aurora coin-- next big thing since ORB
humm besides giving free aurora coins to icelanders.. will they actually be able to spend them?? like shops or services? or is it all about speculating??
Airdrop = Forfeiture of Identification for "virtual currency"
1000 people or less will be inquiring about their "right" to their fair share.
Aurora coin-- next big thing since ORB
1000 people or less will be inquiring about their "right" to their fair share.
Aurora coin-- next big thing since ORB
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