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Early Auroracoin price spike was not pump and dump. It was supply and demand. Baldur was the first to do the airdrop distribution method, which seemed like a genius solution to achieving critical mass.
The supply of Auroracoin was severely restricted at the very beginning, and lots of people wanted a piece of the action. Once Airdrop #1 happened coin supply exploded and price dropped accordingly.
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What's the deal with a 1000% price increase lately? Don't see any big news announced here on the thread.
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If anyone wants to do a 3+ btc sale of ZiftrCOIN please PM me.
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1. How does TVE make money for itself?
2. Do you offer a white label version?
3. Can other payout coins be integrated?
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Not a lot of coins on Bittrex at these prices. Anyone interested in selling me a block (5 btc or more) of Blitz at market+10%?
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Devs did you will plan update wallet? thanks
Wallet updates are on their way, yes. No launch time to announce at the moment though. |
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I just found out about Stratis. What is the relationship between Stratis and Blitz?
Are the two Stratis developers who worked on Blitz in the past now no longer with Blitz?
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I still think you guys don't get my point I'm trying to make. I'm trying to make an ethical point, not something else.
I have seen quite some comments non favorable regarding the current Icelandic conditions, spanning back when the bank crisis began. And, that Auroracoin could prove a solution to it. So okay, Auroracoin pops in and gets accepted among the Icelandic population. Hurrah. And then some whale, P&D group or whatever comes along, and messes up Auroracoin pretty bad.
The above situation(s), whom would be held responsible you'd think? *COULD* it be, that in such case, people *might* tend to look that the dev team for *potential* being the ones responsible? Simply, for *introducing* it into Iceland?
Has the dev team *thought* of that? Cuz I can't read anything anywhere back regarding such. I can find enough things like 'we can do better, yeah we can do better, fiat sucks, Auroracoin is better, better than the current system, the current system sucks, etc'.
But what I can't find back, anywhere, is where somebody steps up with a mild display of responsibility *if* things would go sour. Which, they can. Because, this is crypto! Highly volatile!!!
So I'll simplify the question:
Has the dev team, *considered* they *could* be responsible, for plummeting 330k people, *again* into a *potential* financial roller coaster?
Where's the ethics?
You also aren't getting my point: there is no risk-free financial system. What we are offering is designed to reduce some of the risks associated with the current system. We also are not forcing anyone to join us in this experiment - it is purely voluntary. That is a positive in terms of ethics. The scenario you are imagining, where 330k people are plummeted into a financial crisis, would require Auroracoin to have a market capitalization in the billions of US $. What kind of whale could manipulate that system? Why isn't this whale currently causing stock prices for hundreds of companies on the Nasdaq to vary by 75%? |
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You're missing my point. Here's a brief summary in my own words how I'd read this topic, and the previous one:
Icelandic people were victims multiple times due to abusiveness of those above them or in control. The ISK plummeted to this, which affected the normal Icelandic people. Lots of anger and scandals, and the people left with devaluated assets. Auroracoin has the potential to liberate from this.
So okay, yeah, everybody in Iceland going for Auroracoin and breaking their shackles from fiat currency. Yeah. Great, we now have them Icelandic people set free and given them financial freedom. Yeah again. So, then comes a pump and dump group humptydumping along. Toying and hyping a bit with Auroracoin, and then plummet it down to ground. Group happy with profits, "bye-bye auroracoin, was fun" and regular user (read: like the Icelandic inhabitants) left with assets less valuable then before. Again.
^^^ Dev team ever thought of that possibility?
Or, another point of view:
So the ISK is kinda rigged, and was/is subject to them big bullies on top that got away unpunished and left a deflated national currency.
Bad thing, not nice, the ISK fucked over, lots of people unhappy, right?
So, we have had a volatile national coin, left quite deflated, with all kinds of regulations and restrictions imposed and in place. But, this is crypto. And if anything is volatile, AND subject to 'control' and what not, it's crypto!
Whales cannot push national currencies that hard. With crypto's, they can.
Corporate or entities cannot push national currencies that hard. With crypto's, they can.
P&D groups cannot push national currencies that hard. With crypto's, they can.
Etc.
Do you see the point I'm trying to make? Auroracoin is an interesting project, but could also backfire in the end on it's intentions.
Sure, Auroracoin could fail epically. What are the alternative no-risk ways to replace a national currency? |
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Now check this out... my claim has been accepted, and I am on the creditors list.
But, I filled my form on the intention of receiving back my BTC as japanese money, JPY. The swap operation from BTC to JPYwas made months ago, when the BTC value was much lower.
By inflating the BTC value they can pay back the creditors in cash, as they will have a surprlus of money when they sell their BTC.
I do not think this is nice, or don't even know if it's legal, but I believe that's what they are gonna do.
If I'd want to receive my BTC or updated ammount of JPY, I'd have to submit another form, in the japanese justice system, that is: it is almost impossible to be done, at least for me, as I'm brazilian, living in Brazil.
Just for understanding: My claim has been accepted when 1BTC ~ 50000 JPY. As of today, they are worth ~76000 JPY.
If the price of BTC had declined would you be willing to accept less JPY? |
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Hate to burst your bubble but is anyone actually using SIA Coin platform.....seems to me unlikely as there are a million other options for secure storage these days.
What do you mean a million other options? What are three? |
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Anyone here who disagrees with the bankruptcy trustees decision and has decided to engage a Japanese law firm?
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Is anyone appealing the decision of the bankruptcy trustee in the Mt. Gox case?
Have you found a law firm in Japan to handle this?
I'd like to locate a firm that is already familiar with the process so I don't have to work through some lawyers' learning curve.
Would like to hear your experiences with this.
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Where do we download the light client that was to be ready June 2? I can't find it on the main website.
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First thread closed because the original developer (balduro) retreated into the background but didn't give anyone access to modify the original post with updated information.
Second thread closed because the FUD got ridiculous.
Third thread is self-moderated.
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Do we know why Canadians are prohibited from donating? The USA I can understand, but why Canada?
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Was the SEC joking in their INVESTOR WARNING ALERT PDF ?
Were they laughing when the mentioned "a forum" ?
Which was OBVIOUSLY this one.. duh.
If that was meant as a retort to defend your ICO scams then you failed miserably.
ICO = SCAM .
I did see the warning on Ponzis, didn't see the one on ICOs though. Can you please link? |
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what about the hundreds of ICOs on yobit ( https://yobit.net/en/ico/)? is there a coin that lasted more than two weeks ?do you want to include them in your list? Not really, no. I'm thinking more along the lines of Ethereum/Lisk/Waves/Maidsafe/Storj blockchain 2.0 type offerings, not just alt-coins that don't offer a significant new service or technology. |
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