When Auroracoin was launched its price was exactly the price it reflects now - 0.04-0.08 btc per AUR
I never invested before in any alternative crypto but Bitcoin and Litecoin-> (that I already converted the litecoin to AUR)
so what made me change my mind and trust an anonymous guy who premined tons of coins?
two things
1)the promise and innovation AUR offered (Yeah it was before all the Spaincoin, Isracoin, Scotcoin...)
2)Some good gut feeling.
I looked at all the other alts and they were clones with no difference. none of them had a real chance to become a real currency that is being used;
A large percent of them had something that really scares me when I look at crypto currency. especially at Bitcoin and Litecoin. a small minority hold most of them.
Auroracoin promised that its not going to be like that by making sure the supply will be divided in quite a fair way. It was aimed for a small population (almost a community) that loves technology and suffered from currency inflation for years and hate bankers. That's the perfect place!
I dont expect AUR to go to 100usd per AUR in the next few weeks or even months, and when it did go up I sold most of my AUR. But I believe that this is the only alternative coin that can be a competition to Bitcoin.
Yeah, I know the Icelandic government are Anti-cryptocurrency but I believe that when they re-consider the option and understand they have here an amazing and unique opportunity to actually FIX their flawed financial system, they will agree to regulate and adopt it.
almost 9% of Iceland's population (330k citizens) already claimed their coins in a bit more then a week! where else can you find statistics like that?
and unlike any other alts its the only alt coin beside bitcoin that I see people
actually using take a look at that
http://aurcoin.is/ and that
https://bland.is/classified/?categoryId=44&sub=1 and that
https://www.facebook.com/groups/544259455688424/In conclusion I would never put my life saving in AUR (its still a pre-mined coin:) ), but I would defiantly buy some for my long term portfolio.
So far my guts were right about Baldur and he delivered what he promised, After following him and his posts I really don't think he made this coin due to greed.