Topic: The True Value of Auroracoin - page 8. (Read 21152 times)

Auroracoin is above Litecoin on http://coinmarketcap.com. Right now it looks like Litecoin hoarders spread FUD, coz another coin challenged their precious. More facts plz, words that Iceland govt doesn't support Auroracoin is not enough.

+1000. The OP and followers have no clue as to what's going on here and the historical implications of this project.

The idea is brilliant.

I am half Icelandic and have lived in Iceland for years at a time. I may or may not be entitled to a quota and haven't bought any, but whatever I don't care because the idea is immensely powerful and certainly justifies the current marketcap.

What people don't realise is 3 things:

[1] - the cryptocurrency concept is an idea who's time has come and will be recognised as such by Icelanders. If there's one phrase they know the meaning of it's "Central Bank Devaluation".

[2] - Iceland is the one country in the world where an idea like this has a practical chance of taking hold. That's because of the unique documentation of their genealogical heritage and it's public nature. A database that is usually only available to closed off sectors of government is in the public domain (at least if you're an Icelander) and thus makes full and equal distribution a practical possibility

[3] - as a game of chess, the creators of Auroracoin have out-smarted the Central Bank of Iceland because the bank's exchange control policies will unwittingly force the coin into circulation by making it difficult to cash out into dollars.

On the other hand, if people cash out into Krona, the coin will stay in Icelandic hands.

Make no mistake, this is going to have some impact - I don't know to what extent, but it will be a major "dent" in the fiat mirage, the fact that a popular currency can be created from nothing and have a tradeable value.

Are you intentionally ignoring the facts - or perhaps, trying to convince others to pump the coin for you? Please quote the 1st post and tell me why the points I outlined do not throw up red flags. If you make good points (ie. it actually does something Bitcoin can't) I may in fact go buy some right now. But all I see is the potential for a truly massive price crash when the airdrop commences.

I got a feeling this is going to be the greatest pump and dump so far, just wait until the 50 % premine hits the exchanges, a lot of people are going to loose an awful lot of money on this one.

and the 50 % pre mine is actually 50 % of all coins that are ever going to be mined so that probably more like 99 % of all coins in existence now.

This coin is really going to make all the other pump and dumps so far look like small potatoes, It just deviously brilliant, even Max keiser can suck on this one.

but hey you guys ought to know by now that speculating on alt coins is high risk, so I'm not going to feel bad for anyone.

Marketcap is currently higher then litecoin  

ridiculousness  

wrong

Lol...where is the evidence it is a scamcoin?  The dev had an extremely brilliant idea.  Success of the coin depends on the uptake of the coin.  If the dev wanted to steal the coins reserved for the icelandic folk, he would have by now.

I think this blew up much more and much quicker than the dev had initially anticipated. The final outcome is yet to be determined, but this definitely IMHO was not intended to be a scamcoin.

It helps to actually have a differentiated distribution method from the majority of BS altcoins

all these butthurts make my day! So much whining how it is a scam, bet you wanted to buy when aur was 0.002 and oh shit now is what 30x more? Please tell us how much scam it is.
Panda was dumped after its price went 600% - who would not wanted to make 6x times their investment? Aur is 3000% percent now, so what is this dev waiting for? 5000% ? 10 000%? Please enlighten me when the scam is going to take off, because I never saw a dump coin waiting for thousands of percents.

Whiny little barbies.

In fact you should all buy now: Lets make it interesting

as of 9:31 gmt +1 the price is 0.06BTC/aur

in a week the price will double ,-)

Wake up, man. This is just a scamcoin!

Whether this turns out to be a massive scam or an epic failure, I'm sure that it will be very fun to watch from the sidelines.

where do you go if you want to short AuroraCoin?

I saw in a thread title or some such place that the coin was going to be issued later in March so when it showed up on a list of market caps I was wondering how the heck it was purported to be worth anything at all being as how it was not yet even issued...

(Basically I wondered if the people have not gotten their coins yet how are they managing to sell them so soon... So it seemed pretty obvious it has to be some kind of a scam. People selling futures in them or selling coins they have yet to even be issued, suspicious...)

Looks like my first impression was probably correct...

-MarkM-

I think it will succeed.  I don't think it will keep a higher marketcap than litecoin, but I think it will do well and the airdrop will work.  I was in with aurora from the beginning, but I went to bed the night before it blew up with a giant buy order that never got filled, and now I'm spectating the meteoric rise instead of participating.  Ultimately I'm in this for the profit though so its time for me to find the next big thing.

You guys are all just jealous you didn't get some when it was cheap.  If the Dev wanted to steal the coins, don't you think he would have by now?  If he steals the coins how is he gonna sell them when right now there is not enough liquidity to cash out.

All I see in this thread are a bunch of butt hurt whiny bitches.  I'm sure most of you saw Auroracoin a few weeks ago and now are just kickin' yourself for not getting in earlier.

So, lets just let the coin succeed or fail on its own merits.  If it does succeed it will be a huge plus for cryptos in general.

The purpose of SCAMCOINS is pump and dump (e.g. Wolongs Panda coin). I highly doubt that is the case here

It pains me that I missed the wave. I've been trying to buy Aurora coins for three days (when they were less than half of their current $36.29) and I fear by the time coinbase verifies my account it will be far too late.

Psst... klondike has the same number of total coins as aurora with no premine, already has payment processors, just had a massive block reduction, and is currently valued at one thousandth that of aurora.

The first time I read the Auroracoin thread one thing bugged me "...airdropped to the Icelandic People..."

That the central bank of Iceland has banned bitcoin trading is not going to kill bitcoin, but even if the auroracoin developers have the best of intentions, they will certainly run into opposition from the Icelandic govt
http://www.reddit.com/r/Bitcoin/comments/1t8zf3/bitcoin_trading_illegal_in_iceland_according_to/

I was pissed to have missed getting in on aur from the start, now I'm glad I never mined it at all

Of course its a scam. But I rode the wave and bought in at $4 and cashed out at $30... lol. Too bad this coin will plummet very soon.

Someone is finally using common sense  The "real" low market cap indicates that it's being pumped by a select few traders that have $$$ to pump it which is the reason why it's price is so over inflated.  I'm also pretty sure that the developers are slowly dumping their share of the pre mine making tons of BTC a day.
What we have here is a game of Russian Roulette between the developers, traders and the innocent naive crypto currency enthusiast foolish enough to hold some of these coins.  There's also a very good chance that the traders pumping it up are also the developers themselves doing it for the sole purpose of setting up a very high artificial price.  Ask yourself this.. is there anything unique about this coin (feature wise) that justifies its current high price?  Absolutely not.

And yes, to your point about most miners/crypto enthusiasts screaming murder with even a 1% pre mine, does it make sense that all of sudden, the coin experiences a sudden surge in price and supposedly has wide spread support?  All this points to a manipulation/scam in progress.

If this really was also going to be distributed to the the people of Iceland, it would make national headlines there, be all over their media, official announcements by the government, nationalist groups etc... .  As a matter of fact, exchanging digital currency in Iceland is BANNED. This is a straight up scam.  This reminds me of the people that wanted to gamble and buy some Gox BTC when every single indicator was pointing to the insolvency of MT Gox.  

+1

But you know what is official - Maza.

Mhmmm.

Think about it. Indian Casinos? American Indian Crypto? It's fantastic.
And apporved by the tribe. One of the largest in the US.