What makes aurora interesting is not only is it putting the coin in people's hands directly, which not many alts have done if any, its also giving the coins real world value before doing so. So you already have a head start since the trust that it has value is already there. Assuming a high percentage of Icelanders will be able to comprehend what they get.
Another benefit is that the Auroracoin won't be held by a bunch of greedy geeks who pump it and run away like all other cryptocurrencies. Its going to be more "equal" and spread through a large number of people. even then the bitcoin is held by a minority. http://bitcoinrichlist.com/charts/percent-bitcoins-owned-by-richest |
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Zimbabwe is another place where something like this could work, their economy has gone down hill big time over the last decade, time to replace those 1 trillion dollar notes with a cryptocurrency!
There are so many failing economies around the world  what about Argentina? Cyprus? Iceland has small population (almost a community), very technological loving environment, and access to the internet. Simply the best ground the start this kind of a project. |
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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! 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 |
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In order to get our Auroracoin project successful we need to get in-touch with most of the 300k residents We found out that most of them use facebook on regular basis so we just launched yesterday a Facebook campaign that is starting to show results https://docs.google.com/spreadsheet/ccc?key=0AionVKBBS8n5dERabkpRVUNtWlBjOEFxMGlfWmM0N0E#gid=01)We want to make the Icelandic people aware of their birthright to claim free pre-mined coins 2)We try to make the crypto community supportive to allow us growing If you would like to donate for our advertising campaign please send btc to this address 1MVYdtxHbawC2CDyjQxn1hvkSyyfGbk7JpWe are looking for our community to grow, so you welcomed join our forum at http://forum.auroracoin.org/ We would love to hear more opinions If you would like to get some AUR coins of your own - this is one of the exchanges that support us https://cryptorush.in/index.php?p=trading&m=AUR&b=BTCIf you would like to mine the coin (Its a hard coin to mine, the difficulty really rose up lately) use this friendly pool -> http://aur.easy-mine.eu/More Info can be read at http://auroracoin.org/ |
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Unless this coin is released by Icelandic devs and supporters, you guys don't see a problem of foreigners feeling entitled to replace the currency of Iceland?
You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange? Also, who said Icelanders want to get rid of the government they elected?
Auroracoin gives them CHOICE. If they choose not to adopt it, that's fine. If they like the idea and utilize it, fantastic. As for foreigners trading others' currency, it is done to the tune of trillions of dollars a day on the forex markets. And nobody ever said anything about getting rid of their government. So, you don't see the irony, neither you're interested in directly addressing the points? Very well. Let's hope this is INDEED the best for Icelanders, not a "rat's lab" experiment. I also hope its not a rat's lab, there is a need to be very careful with a coin that has high volatility, thats why I dont see this coin replacing the Krona soon, BUT it will put a lot of pressure on the Icelandic government not to inflate and print money because Icelanders will have the opportunity to buy and hold AUR. |
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So far Auroracoin shows nice trading volume at "Cryptorush.in" and increased mining difficulty as well |
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Aurora coin has all the requirements!  Yah Please add Aurora coins !! Auroracoin is the most exciting cryptocurrency for me since bitcoin! I find Auroracoin quite exciting... an alternative coin with some real potential |
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Auroracoin exchange could be useful
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I believe it has great potential. A combination of a good Idea, High inflation, high media coverage and small technology loving population -> Iceland is the perfect place to start such an experiment. I wonder if the Icelandic people will adopt it? how the Icelandic government will react if it will really catches on? Anyways, goodLuck. I bought few at 0.008btc a piece which feels a bit pricey but I truly believe in it. I cross my fingers for you guys |
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It is all about growth and not about price...
Bitcoin can be divided into really small "cents", a person doesn't need to hold and trade a whole bitcoin, he can buy and trade with parts of it.
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I do take advantage of that. But I can't do Yuan, I have only USD and EUR. How do you, without a mainland China bank account? Paitence... eventually every arbitrage is getting closed buy bitcoins at a regular exchange move them to btc china sell them for yuan when the arbitrage is closed buy btc at btc china move them to regular exchange cash them and you got a really nice profit The risks are for the difference to go grow bigger btc china to go bankrupt China goverment can make up some evil regulations (and maybe there will be even a negative arbitrage!!! ) |
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Does anyone know why the arbitrage got closed?
edit : sorry posted it in the wrong forum (should have been at trading)
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The only way to get your funds out of Gox at the moment in a finite (< 6 months+) timeframe is to pay the 5% manual processing fee for expedited withdrawal. Even this takes as long as a month. At current prices $100 is not so much more than 5%.
even if I use Non-US bank account? If it is like this... why people actually use it as a trading platform? |
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Cashing out with coinbase has been a breeze for me. Did it for the 200btc I sold a few weeks back.
well yeah, but currently there is almost 100$ difference per bitcoin between gox and coinbase... im not sure im willing to give up on that |
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Hey guys!
Although I'm a big bitcoin fan... I would like to cash-out a portion of my holdings
I have a verified mtgox account, coinbase account and I live in the U.S
(I don't know if it helps but I have Australian bank account as well)
I see that there are a lot of exchanges with different rates and I would like to know what restrictions they have? (can I withdraw the all amount from gox directly to my bank account in the U.S?) can I transfer the bitcoins to btcchina and ask for a wiretransfer?
Thanks for the help!
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באמת שווה לך להתעסק עם הלוואות של 100 שקל?
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חייב להיות כנה, שלבנות ASIC לביט לדעתי זה קצת מאוחר כרגע.
AVALON כבר מוכרים חבילות של 10K צ'יפים, כמו כן אמור לצאת בקרוב ASIC רוסי בטכנולוגיית 65nm, אשר יתן עד 5GH פר צ'פ.
מקווה שלא אשמע כנודנדיק שאני חוזר על זה, אבל אני מאמין מאוד בפוטנציאל של לייטקוין, ולכן מרכיב קבוצת קנייה לפרוייקט כריית לייטקויינים על חומרה ייעודית (שכבר הונדסה ובבדיקות היום).
אתם מוזמנים לפנות אלי בהודעה ישירות.
למה את מאמין בלייטקוין? מה הוא מציע שהביטקוין לא מציע? אתה חושב שאישור עסקה זה באמת הבדל רציני?" אומנם קניתי כמה.. אבל די סקפטי לגבי הלייטקוין |
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ניב בן 21 מרמת גן
שמעתי על הביטקוין דרך חבר מהבסיס חשבתי שזו סתם שטות אבל אחרי שהתעמקתי אני רואה שזה משתלם
מה אתה מתכוון ב"משתלם"? שאפשר לעשות בזה הרבה כסף ומה או שזה דרך לשינוי הכלכלה ? או משהו אחר? אני מתכוון שאפשר לעשות בזה הרבה כסף כשאותו בחור הראה לי את זה המטבע היהשווה קצת פחות מ12 דולר ותראה מה השווי שלו כיום... עד כמה זה ישנה את הכלכלה בזה אני קצת יותר מטיל ספק כל עוד לא תיהיה שינוי בתפיסה העולמית בנוגע למטבעות וירטואלים. מה גם שזה לא כזה בטוח אתמול אתר המסחר הפופולרי mtgox היה תחת מתקפת האקרים וזו לא הפעם הראשונה גם בקזינו אפשר לעשות כסף... אם אתה לא מאמין שתהיה לביטקוין השפעה על הכלכלה בשום צורה אתה למעשה מכניס את עצמך במודע לפירמידה |
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