Bitcoin Forum

Hey all,

new to this forum but I would like to talk about one currency - AURORACOIN. I think it is very undervaluated and almost nobody knows about it.
While there are shitless of other currencies, aurora actually has something new. It is trying to implement new monetary system into the iceland. It is the first national "bitcoin".
Why should it work?

1. Iceland krona has been known for its huge inflation - people dont want to use the shitty krona (http://en.wikipedia.org/wiki/Icelandic_kr%C3%B3na read more here).
2. Iceland has 95% of internet coverage and the population is very concentrated, viral things like auroracoin can spread with speed of light.
3. Iceland have very cheap electricity due to their proximity to active vulcanos ...The people can be miners at low expense - also the cooling is not a big deal due to the temperature outside all the year.
4. There already is a pizza accepting the krona - how many other - "we are going to be it" currencies have that? oh yeah none.
5. There actually is system in iceland anyone can youse - their electronic ID system. It can be favorably used to spread krona to people.
6. Icelanders are progressive people and they are willing to accept the change - google Iceland revolution - propably you have never heard of it, atleast media in my country we pretty silent about that.
7.BBC, wiredco.uk and japan, Iceland national bank, even discussed in their parliament already + so many others- everybody is making fuzz. Only good for the coin. Check aur twitter if you dont believe me. How many shitty coins got report by BBC?

So check it. Make your own opinion http://www.auroracoin.org/.

Now why do I put support in Balduro (the creator)

1. Most creators are trying to get their currency to market asap, so they can sooner hype and dump their shitty coin. While Balduro always said when the times come, or do it yourself replies. So it was the communnity who actually put the AUR on first exchange yesterday
https://www.cryptorush.in/index.php?p=trading&m=AUR&b=BTC
2. Balduro is very active on forums and always discussing it with us. Currently we are discussing how to reach Icelanders (we will do it propably via facebook - it is just so small community we can sponsorship the ad campaign).
3. The aurora site actually looks good and not so fucking bad like the other altcoins, which are bringing nothing at all yet are being hyped into the heavens of profits. Do you really thin, you can make money where the 90% others are making too?

Is money made by following the crowd or going early into the project like AURORACOIN? Where is the risk lesser in recent shits like pandacoin or auroracoin? You should ask and answer yourself this.

Few more interesting tips:

Shits like grumpycoin have 80 pages , aura has 20 yet grumpy has 500Mh/s and aura 1+Gh/s. It is a hidden gem.

I am for a discussion and arguments and yes I am a greedy person and I want aur price to go up. I am here to make money, not pretending I care about some moral standards (except for theft). So give me some good reasons why cant we profit on AUR - or to put it more precisely, if you buy it now you can profit- if you buy later you you wont make money simple as that.

The price is getting higher as the network is getting more hash. Everybody should keep atleast few. It might one day just replace the shitty krona. And even if it does not, it still will get so much hype week before, that it will sell like hotcakes.


So why are you buying/mining/speculating potcoins,teacoins,grumpycoins,corgicoins and shitty - tittycoins same as 95% people on this forum ? Are you going to became millionaire with 95% other percents???

price up steadily by 10% /day not some hypes check it out ,-)

http://auroraexplorer.atorox.net/chain/AuroraCoin

where to buy this coin?

Network is now over 1.6 Gh/s !!

you can buy aur here https://www.cryptorush.in/index.php?p=trading&m=AUR&b=BTC

Do you wanna come late ?

Isnt it strange coin with 20 pages of topic, 2 weekss old has steady price up and 1.6Gh/s network?

Network is now 3.3GH/S

and our community decided to sponsor big facebook campaign, which community does that?

I saw the BBC news report on Aurora coin & was impressed with the idea. I have high hopes for this coin :)

So far Auroracoin shows nice trading volume at "Cryptorush.in" and increased mining difficulty as well

or: http://blockexplorer.auroracoin.eu/chain/AuroraCoin

;-)

http://cryptorush.in
https://poloniex.com/

Its starting to rise up in value after the successful launch of the Icelandic facebook campaign  ;D ;D ;D

Is this the real deal? If Iceland does essentially replace their currency with AUR (meaning 51% or more), does that mean the marketcap of the AUR will be equal to 51% of all the currency they now have in circulation? How much currency do they have in circulation right now (in USD value, obviously)?

Well their GDP is approximately twice the marketcap of bitcoin.  So you heard it here first gentlemen, buy now before it hits 2 BTC/AUR!

Distribution might not work as expected.

According to the current price (that is very volatile lol) - 1 AUR coin = 4 USD
10,500,000 x 4 USD = 42,000,000 USD market value

I may look at mining this, but the difficulty must be pretty high if its 50% premined.
What is the block reward etc, i cant find any mining calculators for this coin yet.

No, it's not what you describe.


Calm down the horses. Iceland isn't doing anything here. This is a "private currency" at best. It might even be illegal.

It's an experiment. An exciting one.

You can see some basic blockchain info on http://blockexplorer.auroracoin.eu/chain/AuroraCoin

The whole story on this coin is that it was created by the government to help give their citizens more choices than storing money with traditional banks or investment firms, and this should improve the market through real competition instead of all the banks just shaking eachother's hands all day. So, is this currency really developed by their government? Well, I bought a few hundred anyway and they seem to be doing well since then, so whatever I hope they and all of us on here do well with the coin.

Icelanders are sick about their regulations. Krona gets 5% inflation a year and there are huge limits what to do with it. Iceland has best opportunity to make AUR their national currency. Iceland actually is doing somethign here - it has constanty being fucking krona savings.

If there is a country, where this idea might take off it is Iceland.

The high difficulty is actually good, you don't want bunch of people having monopoly over the coin. Just mine your own share and cross fingers that the icelandic people will welcome it.
The value of the coin currently is 4usd per coin. you cant expect mining hundreds of it in few hours.

Really?
From what i read it has no connection to their government?

You are right, it has no connection to their government... that guy is making things up

I read this thread on feb 19th and didnt buy auroracoin  :(

Its now 20 times higher in value  ???

Sign up to the Atomic Trade Exchange.  It's the only exchange that has AUR/USD trading.  Verification is also very quick.  If you want to buy, that's the place to be!


USA  Exchange Https://www.Atomic-Trade.com (http://Https://www.Atomic-Trade.com?refid=WI2FBRV6)

Well it didn't make sense to you back then. As a trader you apply what you learn but you should also be confident that the decisions you made yesterday were the best ones during that time with the provided circumstances.

The fact you feel the need come on here bag other coins says volumes, by the way Teacoin had no premine & has a hard working dev, used in real teashops and is a honorable coin.

If Aurora mega dump comes and there is a big chance it will there will be alot upset people
move along

I am expecting a dump after the airdrop, but I like the idea.

maybe the concept would work out vice versa, first the airdrop after that releasing it to the markets...

Supply would outweigh demand so you would never see this kind of market cap in reverse.

Well,   that is reminding me Unobtainium story:)

I will not be surprised if there is wolong behind the scene;)

You're on point. We'd all make different decisions if we knew the future

Then you should get on board with Ekrona, Eurocoin, and polishcoin. All under the radar.

same will be true after the airdrop.

there will be 10 million additional coins with a marketcap of 1 billion dollar, and the people get them for free. don't you think they will sell at least parts of their auroras?

Is this a joke?

Auroracoin is the biggest scam yet.  Sheep are meant to be slaughtered I guess.  Stupid people.

Please don't lose your money on this.  Buy some LTC.

Be Carefull!!!! CryptoRush are thieves

///
I've definitely seen that my Aur was subtracted from bying position staiyng at 0.0086 Btc/Aur.
Thus my 1.64594196 Aur was sold not for 0.001097Btc/Aur but 0.0086 Btc/Aur.
Thus buyer has been payd for this transaction 0.014154 Btc but not 0.0018 Btc. That gives the difference of 0.012 Btc that is more than 80% of cost of this operation.
You has been written, that your comission is: "Crypto Rush charges a small fee for buying and selling of orders at a rate of 0.18%"
A man who has bouhgt my Aur has been payd 0.014154 Btc for this.
I want to have this money minus your comission 0.18%.
Any other suggestions are a fraud.
Please send the rest of 0.012Btc to my account. And please DO NOT make this situation that costs only 5 Eur so that in all forums will be written that you takes more than 80% commision for exchange operation between Buyers and Sellers.
Trust me - it's not a Business - it's a theft. Hope that You understund me.
I hope for your understanding and further cooperation.
Egor Rozhkov
///

Curious how do the Aurora and Spain devs plan on divvying up the coins when they have no access to the populace records / data?  Has anyone thought of this?

Let people in Iceland own all the coins first.

when finding a single block takes 5 hours... it might take a while  8)

It is perfectly possible to do give away the coins in a controlled and anonymous way using the electronic national Id.

I'm pretty sure this coin is a constipated shitbox that will release en masse misery to all bagholders.

you're just a fucking hater... I wouldn't be surprised if you're one of the central bankers that destroyed Iceland financially several years ago..

+1

If the claims reported are valid (there are indications not all of them are), then AuroraCoin is already a huge success in terms of adoption by a large community... 1.7% is significant. Actually it's HUGE!

Now add to that a network effect in the coming months and we might be looking at something incredible.

I just hope people are using the android app so people can use AUR in their daily lives.

If adoption goes above 5%, my next holiday destination is booked.

I thought the price would crash, but it seems to be holding up as it's currently $ 11.08. That's not a bad price considering a flood of new coins has just hit the market. Who can say if the price will go up or down now.

Aye, the airdrop looks to be going MUCH better than I ever imagined. I was prepared to say anything better than a 90% drop in price should be considered a success (in my honest opinion), since it's only natural to expect a lot of selling pressure with the new supply. As for the notion that it was a scam.... next time folks, wait until you have actual evidence to declare positively that something is a scam. It's one thing to be reasonably suspicious (such as of the copy-cat nation-coins), another thing to claim to "know" what you don't...

Why would I want to fund the Iceland economy?

Why would I want to be involved in a national scheme to bring funds into Iceland?

So they give these coins to the people of Iceland pump the price then all sell reaping in huge amounts of money into their economy.

How's is this not being discussed?

Where are all the pictures and videos? Why is the event text only?

It's part of the pump teams strategy. They focus on making AUR look as good as possible of an investment.

Only a fool would put any money into this worthless coin.

It's slowly going down in price!

Whoever bought any of these deserves to lose their money just for the failure to understand humans. What a joke lol If you bought knowing it was an P&D and made BTC then more power to you.

It's now at $ 4.95, and to think it peaked at about $ 90

i think i saw it at 95! I would love to ask those that bought there what are they thinking :)

Not yet

In 2 weeks yes  8)

It's just sunk below peer coin.

It just SKYROCKETED past peer coin.  ::)

It's holding up surprisingly well! The haters and the pessimists (I'll admit to being a bit of the latter) have egg all over their faces. Looks like Auroracoin is going to join the ranks of the top-tier Altcoins on a non-tentative basis soon. (Given that BCX has been wrong about everything else, I'm getting more skeptical of his claims that he can somehow destroy it.)

When it slid below peercoin I thought it was finished, but it bounced back!

So much for my pessimism.

Good time to buy them while they are low i guess? were they really at $90?
It will be interesting to see how this currency works out, it can only work if the people that adopt it in iceland embrace it and treat it as a valuable currency and start trading with it.

Someone claimed they hit $95!

My topic got necroed haha.

Good to see I was right.

yep