Topic: Why dont the AURORA Coin team just use BITCOIN? (Read 2131 times)

Where do you think the value in auroracoin comes from?

if it's from other investors, the OP is correct:  why not just have people donate bitcoins instead of an elaborate fundraising by making a 50% premined cryptocurrency that icelanders don't want?  the main reason is to make the coin creator rich from the 50% premine.  

And that's the fucked up, unsustainable way the US federal reserve, and other central banking systems operate.  just print more money when you need more is bullshit.  this is one of the flaws in the fiat money system cryptocurrencies were supposed to address.

The community isnt, the insiders manipulating the volume is.

Actually, people need to get a grip on reality, so the posts are really warning people without the ability to see beyond the end of their noses.

Oh my God, Iceland has one of the highest GDPs in the world, and that is shared comparatively evenly. People in Iceland are not hungry and they are not poor. They are depressed, but a crappy crypto-scam won't solve that.

I've been watching Aurora coin unfold.  While I admire the concept, I would like to see a similar effort take place with Bitcoin.

Therefore I would like to announce a new Bitcoin effort to help the city of Detroit!

This is brand new so there is no website built yet,  only a BTC address for donations:  1DetRoitbfHwrjeiMVKSN9xpexYotQcx7m

We are currently soliciting volunteers and donations to help put together the site and see if we cant help a city that desperately needs it. Also to do it with the support of the BTC community.  The money raised will be used to beautify Detroit neighborhoods that desperately need it and help to revitalize the city.

Additionally money donated will be spent on Detroit projects and can be audited against the blockchain.

Help by donating or volunteering today or posting constructive comments (hopefully)!   

1DetRoitbfHwrjeiMVKSN9xpexYotQcx7m   or [email protected]

i bet half of that 714 activity posts are to bash auroracoin. Don't you have anything else to do? We get your point. 100s of posts in every AUR thread saying it's a scam. We get it, we get your opinion, no need to say it 100x in every topic.

C'mon don't be so harsh, no reasons.

It's not because the dev is from Iceland he is a rich guy able to buy enough bitcoin for 300k other Icelanders.

This is the basics of the creation. This works for anything.
If you make something that people want to buy it: it's getting value. It's not just related to coins.
AUR dev never "printed" any money. It's peoples giving a value to AUR, not the devs. If you bought AUR even just once, YOU did "print" the money.

I think it's pointless to speak with you, you're clearly upset against AUR (you bought @ 0.08? ^^) and not open to discuss, making you saying weird things.
I'm not for or against AUR, just neutral.

oh please. bullshit.

http://www.statice.is/?PageID=444&NewsID=10175

iceland doesn't have a problem feeding its own people:  everyone else does.  

don't have money?  print your own!

I believe the only true scammer is BCX.  Each day his agenda becomes more obvious.  All you tools bobbin' on his knob need to wake up. Those that scream scam the loudest are likely the scammers themselves. The more likely situation is that he's probably the whale on Cryptsy attempting to scare people into his buy orders with his incessant attacking of auroracoin.

Hey BCX, how much profit you made on AUR so far?  Hey, BCX, how much of the pre-mine has the dev sold so far? 

Maybe the dev team just don't own enough money to buy enough BTC for feeding 300k peoples ?
So they made 1.

Scam or not, they not using BTC obliviously because of money.

I agree. It's ashamed to see the community accepting and promoting this kind of crap. Shame.

eighteen thousand dollars to move to iceland.

k.

Well you said your opinion, we said ours.
Bottom line. if you are right we will lose our money. if you are wrong... you still didn't agree to make a public apology

so why the fuck give auroracoins? auroracoins "ARE FREE"?  wasn't the 50% premine just "print some new" altcoin?  where do you think their value comes from?

Pretty obvious you are trying to reduce the price so you can buy more AUR.

There is no trusted escrow or neutral third party for something worth 10s of million's of dollars. Oh wait I know. You want to be the thiord party - hre take my remaining 10 AUR! You are like kid , running in circles and repeating the same fucking ideas again and again.


AND LOL to the btc idea - yeah just give everybody bitcoin , CAUSE BITCOINS ARE FREE. Just print some new bitcoins and hold them over, brilliant.

The premine of course would be the logical reason they can't use bitcoin.

I haven't followed this coin very closely, but if we pretend it wasn't a scam, the premine would be needed so the receivers would actually get anything. But then it turns into another problem of the early receivers being the only ones getting much at all, as they would sell their coins, meaning those who got/sold them last would only make a tiny, tiny percentage of the coin's current worth.

As a scam, it makes much more sense, as the dev can sell of some of his coins, slowly not to kill the price. Then if he wanted, he could airdrop some of them, again sell more off... bring up 'complications' or some reason that all of the coins couldn't be given away, and make a nice bundle. I'm not even sure from a logistics standpoint how the coins could be given away.

I guess what possibly could work with this sort of giveaway is if there was a trusted 3rd party, perhaps what maza could do if they wanted (tribal councils, non-fiat bank), or something like that ... or a group that used the coins to help the community rather than give coins to each individual person.

Although we don't need more junk coins (and may give someone ideas here how to scam people), something like a Famine or Red Cross coin could potentially work, IF the receiver of the coins wasn't corrupt, and also didn't simply dump all the coins immediately to kill the price. The coins could be used to improve living conditions or as-needed vs giving to each individual person.

If they use btc they could not retire.

gmail is proven, and works.   

Couldn't the team accomplish the same goal by taking up a collection, and putting everyone on gmail?

The trust issue would still be at least the same, but they would be on a proven platform.  Or they could use a Microsoft  Exchange server (although I understand they prefer not to)

Thoughts?

>and what would you believe would be the amount of BTC per citizen of Iceland should get?

I am not proposing anything.  I am just asking if this could be accomplished with BTC which I have seen to be a liquid, existing crypto currency.  

However,  if it were a collection in BTC for the people of Iceland, the amount per citizen would be:  the total donated, divided by the # of people.

I personally think this is a laudable goal.   I would also personally donate BTC to this cause but have some questions about developing a new currency for this cause or each cause like this.  People will ultimately have to assign a value to currency in the marketplace.

Maybe they will, but currently they don't have. so Auroracoin take advantage of this gap
It will be had for a small goverment to make laws against a 1000$ present each of the citizens will get. they wont keep their position for long