Wtf? Who did that? Dumped 5K just to piss on our little rally. 10K  Some people panicked or thought they'd be smart to frontrun the herd and acted on the "fed auctions 50 kBTC of Ross' coins" news. Edit: yes, what's up with adam? Anynone know anything? |
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The good news is, the SR crash was a catalyst for the Nov 13 pump.
So it's a good sign, in all but the immediate short term. But the market has reacted now and this news was on the horizon anyway, most were trading knowing this news would come sooner or later.
The market on Oct 2nd 2013 was very calm and the news created a bigger reaction. Today was a bullish market so the effect was softened.
I don't think this is comparable at all. The SR1 bust was a great relief for many and the start-signal to invest into Bitcoin. Bitcoin had cleaned its shirt. Nothing of the kind happened now. It's better to compare to last time the feds auctioned off coins. Not much happened back then. Fair comment ! So what do you think will happen with the price? I don't think the auction will have much effect. I could be wrong and it is hard to tell because we can't just make an experiment and have "everything else equal". |
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Fucking traders, I hate them.
Don't hate them. Pity them.   what is this? a traidurr before and after a rough trading session? he's clearly been roughing his hair and spilling some coffe. |
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The good news is, the SR crash was a catalyst for the Nov 13 pump.
So it's a good sign, in all but the immediate short term. But the market has reacted now and this news was on the horizon anyway, most were trading knowing this news would come sooner or later.
The market on Oct 2nd 2013 was very calm and the news created a bigger reaction. Today was a bullish market so the effect was softened.
I don't think this is comparable at all. The SR1 bust was a great relief for many and the start-signal to invest into Bitcoin. Bitcoin had cleaned its shirt. Nothing of the kind happened now. It's better to compare to last time the feds auctioned off coins. Not much happened back then. |
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lol 2 Tage im Ausland und der Kurs ist wieder wo er war...fast..... em wo sind die superschlauen Chartzeichner da gibts bestimmt was ...... bei BTC traue ich kein Chart
Superschlauer Beitrag: Auf Bitstamp und auch auf Huobi sind wir hauchdünn, aber ohne Überschreitung am Abwärtstrend (gültig seit ATH) abgeprallt.   Und der Optimist sagt: wieso? noch haben wir den "neuen Trend" nicht gebrochen  tja, dann kann man da ein Dreieck hinmalen und wo sich die Linien schneiden wird's spätestens lustig. EDIT: lustig, am 2ten Weihnachtsfeiertag.  |
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Aber dazu brauche ich keine TA, denn diese kleinen Kursbewegungen sind im "Grundrauchen" der Kurse immer drin/möglich.
Wobei die dritte Prognose etwas wackelig ist, wenn wir von eine üblichen Jahresendrally ausgehen
Saudoof, aber ich fand das ganz schön lustig... Grundkurs "Rauchen"? |
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When are we going to see THE HERSELF MOTHER OF ALL SHORTS SQUEEZES?
Serious question. Hey, you Mr Whale, make it happen for all to see the spectacle
Not soon. Above $600 is my guess, or maybe not at all. |
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Here is one expert, cato daily, from the monetary conference. Kevin Dowd, an adjunct scholar at the Cato Institute: http://www.cato.org/multimedia/daily-podcast/unfortunate-future-bitcoin"bitcoin will crash to zero, get out now! Yes, I am disappointed too." Check out his reasoning: Loss of confidence.And Cato is one of the best sources, committed to liberty. I understood his reasoning was centralization of mining due to "atomic competition needed" vs. "economies of scale" problem. Loss of confidence is just the endgame (the last domino to fall, using his words), not the reason. I find his reasoning problematic. Not saying it's wrong, but it's just not as clear-cut a case as he makes it out to be. |
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I received an email scam of sorts:
It's not a scam. It's a regular newsletter sent via Mailchimp service. hmm. ok. I aplogize for making waves. I found it suspicious that the a link displayed as "myTrezor.com" didn't go there, but to some other domain. I'm not sure why my thunderbird marked it as a scam, either. Maybe because of that? |
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Hi,
Been thinking about the airdrop. An airdrop has pros and cons. Whenever there will be a third airdrop but people are still not really able to use/spend aurora, then it will kill the AUR/BTC rate. But whenever there is an airdrop when many Merchants are accepting then an airdrop will make the coin grow/make it more widely accepted.
Things have to be done in the right order, I guess.
1. Fist there have to be contact with Balduro to prevend a new big airdrop, it will kill the coin. i think this will not be so difficult, Balduro wants Aurora to be a succes.
2. Then the aur/isk exchange has to be launched.
3, Then the number of Aurora-accepting- Merchants has to grow. This is a huge job. A group of people must have the job to contact all the Merchants and concvince them to take Aurora.
4. Then a new airdrop can be successfull, when many people get some Aurora ( not a few people get a lot). Another option is of course burning the coins that aren't airdropped at the moment.
The other 1M coins that was given to the ICS is another thing. It would be very nice when it would be clear what is going to happen with those coins.
Overall there is a lot to be done and their many people needed to do this job. It might be best that ICS uses the 1M to pay allt he people that work on this project with the 1M. I also think, that Balduro wanted the 1M being spend this way.
When points 1 and 2 are done you could pay the people who getting the merchants on board, by paying them for every merchant they get.
I like this plan. Unfortunately it's not up to us. |
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I hope this answers your questions but I'm sure I have raised a few others  Thank you so much for taking the time to answer my questions. This has really helped and cleared some things up. You also added new information I hadn't previously known about (the 1 million, for example). I agree that increasing the 2nd airdrop 10-fold was not a good move. It scared away past and future supporters / investors and gave fuel to the opposition. As much as I sometimes despise of 'greedy speculators', one has to acknowledge they (alongside the miners and community developers) play a vital role in giving AUR value. I think it would make sense to destroy a large part of the premine prior to 3rd airdrop stage. That also (like increasing the airdrop amount) increases the value of the individual airdrop share (by ways of people regaining confidence in the management of the supply and also by ways of reducing the potential final supply and hence price rising) and it doesn't spread uncertainty and drive investors, miners or general supporters / evangelists away. The update information is on the blueprint page http://auroracoin.org/blueprint.php ,but I missed this too at first. I don't see it. For second stage I see this: Stage 2
The Airdrop is reset. Every Icelander will be able to claim a part of the coins, left over from Stage 1 in the premine addresses. The amount of coins shall be calculated in the following way: (Stage 1 remaining coins / 330,000 = coins awarded). In this stage and the following, both the original recipients of the coins will able to retrieve their gifts, as well as other Icelanders. This stage will last another 4 months.
clearly that's not what was done. I agree with you. When this matter will be discussed by the ICS I will suggest the option to destroy the premine partially or fully. I think it was a bad idea in the first place and an amount like 1 million is just way too much. This was a break of trust in my opinion and destroying it partially or fully would be respectful to the supporters, investors and miners that have invested their time and money into this coin. That said there are is no guarantee that this will happen as this is not just up to me.
I understand your not making these decisions. Maybe it would be good if Balduro showed up or passed control on. According to plan the undistributed part of the premine will be destroyed: If more than 6% of the total Airdrop supply (10,500,000) remain in the premine addresses after Stage 3, any coins exceeding the 6% mark will be verifiably destroyed.
50% of the remaining coins will go towards a development fund and/or towards an Auroracoin foundation formed by the community. The other 50% will go towards a charity or charities, to be determined democratically by the Auroracoin community.
So 50% of 6% (that's 3%) of the remaining coins were originally planned to be given to towards development, not 1 million. There's no way I trust the info on that page because the parts that should've been done in the described way just weren't. If indeed 3180 AUR are distributed per airdrop in 3rd phase, there's no keeping up the exchange rate. It'll plummet to 0.00001 BTC/AUR if we're lucky, probably much lower. There's nothing positive in this for anyone. |
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I received an email scam of sorts:   The links inside the email point to domain buytrezor.us7.list-manage.com Not sure what's there... didn't check. |
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Molecular,
Sorry for such a late reply to your response. Your proofofexistence site looks very interesting, but I have to admit I'm struggling making it work.
In the meantime I ran a test. I created a PDF file and generated its SHA256 hash as my private key. I used bitaddress.org's "wallet details" to generate the corresponding public address. I then sent a small fraction of a millibitcoin to that address to time stamp the transaction on the block. Now I can prove that the PDF document existed at the time of the transaction.
Is there something I'm missing?
Thanks.
That site is not mine. To prove your pdf existed, I would go a similar route as you took: I would hash the doc, convert the private key to an address and verify that the address has received money in the past. If it has, either the document must have existed or the extremely unlikely event that someone chose the hash of the document as a private key by accident must have happened. Since we can rule out the latter with high probability, the documents existence at the time of the transaction is proven. Please note: you should move the money from that address. Anyone with the document can access it. |
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I hope this answers your questions but I'm sure I have raised a few others Thank you so much for taking the time to answer my questions. This has really helped and cleared some things up. You also added new information I hadn't previously known about (the 1 million, for example). I agree that increasing the 2nd airdrop 10-fold was not a good move. It scared away past and future supporters / investors and gave fuel to the opposition. As much as I sometimes despise of 'greedy speculators', one has to acknowledge they (alongside the miners and community developers) play a vital role in giving AUR value. I think it would make sense to destroy a large part of the premine prior to 3rd airdrop stage. That also (like increasing the airdrop amount) increases the value of the individual airdrop share (by ways of people regaining confidence in the management of the supply and also by ways of reducing the potential final supply and hence price rising) and it doesn't spread uncertainty and drive investors, miners or general supporters / evangelists away. |
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I had similar problems like you.
My solution was to use a USB hub with a standalone power supply.
I have experienced a problem with the hub built into my monitor. Not sure wether it's powered or not, but the trezor wouldn't even show in 'lsusb' when connected through that hub. |
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The national currency is the strongest brand of a country, for those who are using the currency daily. Auroracoin is a Icelandic currency and I will not dilute that by merged mining, if there is another way to secure the coin.
20 years from now I will be pleasantly surprised to hear that Auroracoin is mined only in Iceland with clean, green energy. And the mining profit is invested back in green projects around the world. So instead of more aluminum you are producing more freedom.
A deal with industrial miners based in Iceland can be a way to archive that.
Can you (or anyone else) explain how merged mining would be diluting the fact that Auroracoin is a Icelandic currency? It's already mined outside Iceland for the most part, I assume and frankly I don't understand why that's a problem or how it could be avoided. I share your love for freedom and the idea of AUR being mined with green energy in Iceland, but I don't see how this can (or should) be forced. If it makes sense it will be done, if not, AUR might be mined with 'dirty energy' in China. I suggested earlier to move the focus away from mining and rather piggyback onto some higher security. If AUR is only mined in Iceland (for some reason), it seems to me if it's a success, that will not be high enough security and it'd be vulnerable to attack. Why risk that? It's not about mining, it's about freedom. |
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The whole idea of Auroracoin is not to develop or enhance a technology but to get cryptocurrency accepted and used by the public. So this is why we think it's just best to piggyback an established technology like you said and focus on public acceptance and adoption.
I agree 100%. Of course this is a little early now. I think we could go with the current chain for some more time until momentum is gained and there's enough enthusiasm to migrate mobile wallets and whatnot to the new solution. Of course distribution would have to be copied from classicAUR, otherwise all trust is destroyed. The 'classic' chain would probably live on and there would be some confusion about why there are 2 versions of AUR now. So it needs to be prepared well with a broad consensus and awareness of the migration. altcoin exchanges would have to be in the boat, too. It's really refreshing to see you are making plans for AUR. I agree that a direct fiat exchange to ISK is extremely helpful. Now as you said, there are many questions and I hope you can answer some: - Can you elaborate a bit about the regulatory hurdles for setting up the fiat exchange in Iceland? I'm guessing there would be quite a few, given the capital controls and all that. What are the dangers here (bankster-driven government clampdown or some shit once AUR gains traction and becomes a danger for the established monetary system)?
- Balduro still controls the majority of AUR in the premined addresses, I assume. The airdrop will need to end at some point. Can he be convinced to destroy coins or give up control of them when time comes to end the airdrop?
- airdrop plans: Last change of airdrop plan was unexpected and seemed arbitrary and random. There was no communication and the auroracoin.org airdrop pages still contain the old plan. This has left me (and probably many others) with an uneasy feeling about the future of the premined coins. Do you have any idea of how this might develop?
let me also offer my general help with things: I don't have much time on my hand, but I'd be willing to donate some work or whatever. Just drop me a line. Also: I run http://blockexplorer.auroracoin.eu. Should your plans to acquire auroracoin.org fail, this might be an option. I know it's not the best one by far, but let me offer to donate auroracoin.eu to you should you want it as long as I get to host subdomain blockexplorer.auroracoin.eu. thanks for your enthusiasm and work! molec |
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We have however not fully decided what direction we should take regarding the mining algo. This has been discussed back and forth. What I hope to see here is some discussion and opinions from the community. As we see it there are just two options to think about. Use an algo that is asic resistant and thus give the individual a chance to do some mining at home. This however is often an illusion as most of the asic resistant algo's are largely mined my gpu mining farms thus beating the point. Of course there might be other algo's out there that are gpu resistant but how reliable are they? The other option is to either go with SHA-256 or continue with scrypt and be mined mainly be the large mining farms. This option in many ways is good as it has much more potential to secure the network so we have been leaning towards this. This would also give us a good opportunity to be merge mined with some of the larger coins which would be a brilliant way to secure the network. It would be great to get some opinions and ideas from you guys regarding this matter.
I'm leaning towards sha-256. Yes, it's a nice idea to think that icelandic population could home-mine with something "asic-proof", but I think it's a pipe dream that wont last long. The goal of getting AUR into the hands of icelanders is already achieved by the airdrop, so I'd focus on simplicity and proven tech regarding mining algo: sha-256. In the long run, I think it could even make sense to migrate AUR off its own chain into a merge-mined btc sidechain or onto ethereum or something along those lines. After all, AUR is not about some mining (or other technological) innovation, it's about Iceland and the people there. So why not piggyback on some established tech and use the security offered there? just my 0.02 |
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looks like accumulation to me. someone's buying... but why? |
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Hi. Time to stop lurking.. 435 seems to be the target for those who want to choo-choo:)  that image is pretty small (talking about the original size you uploaded it). maybe you could upload it in higher resolution next time and then use the width attribute of the img tag to scale it down for display here. That way people could see the full resolution version and at the same time you wouldn't disturb the thread with huge pics. |
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