Good to see a lot of doom and gloom preachers and newb accounts. Usually means people trying to buy low before a pump. LOL
Well said. Pump and dump preaching is bushleauge. Any investor worth his or her weight would agree. |
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Talk about a big fat juicy clearance sale on eth. I know the DAO is influencing the price but I have a feeling people who bought eth on margin *long* are getting margin called creating a domino selling effect. Do you guys or gals have any idea what eth will bottom out at?
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Don't forget that most whales can't trade on the Icelandic exchange. It has remained stable, where bittrex dropped past few days (in USD value). Opening up arbitrage possibilities and opportunities to import AUR into Iceland.
Great point. The Icelandic exchange is completely seperate from the whims of speculators outside of Iceland |
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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? 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? With a 2 million marketcap, and the commitment of the devs,.......I mean hell they built an exchange from scratch, I don't see much downside. Now if a whale came along and bought up every Aurora coin pushing the price up to 5 bucks per, then you would need to stay a little more ontop of things. But where it stands right now the worst you would do is break even. Just my 2 c |
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Putting the Auroracoin exchange together couldn't have been easy.
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All this bull don't help a coin to stabilaze and price fall.
Folks you need to chill and Spots your responces don't help things getting better.
It is what it is. This situation has been discussed ad nauseum and the simple minds still don't comprehend. I just don't give a shit anymore, I have more important things to do than explain basic coin fundamentals to people who aren't listening. You guys are on your own to get shit done now and I don't have any forks planned anymore I'm focusing on SPOTS and PRIME now, fuck this Bittrex-shill bullshit, they can have their sandbox back with their shills that will defend them until their fingers bleed. Fuck all of you. People like Wuher have been riding Richie's dick for years now, not even realizing how much of a pawn they are. They're not getting off anytime soon Everyone in that chat log, including you Demon.. all of you.. fucking idiots Why is the dev of this coin trolling it? I was checking back in but when the dev says things like "fuck off" and "it's your problem now" I can't run away fast enough. |
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Iceland has about 3.3k inhabitants...
330,000 - for anyone wondering. How many auroracoin wallets are there right now? I know somewhere you can find the total number of bitcoin wallets but what about Auroracoin? Are there 500, 5,000, etc? Thanks. |
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Any plans to talk to the icelandic government for making Auroracoin the official currency of the country? I would assume this is the end-goal?
When the time comes that Auroracoin will rival the Icelandic króna, we will not make plans to talk to the Icelandic government. The government will make plans to come and talk to us  Thats nice and fine but if we want this coin to get adopted it will take hard work on our part. I have mentioned it in the chat rooms and even some private groups but everyone just laughs at me for promoting the worlds first scam country coin. I have read that with the election of a new Prime minister coming up, Iceland will lift it's capital controls ban allowing people, I am assuming to buy bitcoin and other cryptocurrencies. Call me a sadist but Auroracoin appealed to me at first because iceland had capital controls that banned people from buying bitcoin so they would be forced to use Auroracoin. Now it looks like soon they will have the option to invest in whatever they choose. I love auroracoin because the development team worked hard to build an exchange and totally make this coin legit. But from an investing standpoint I have no idea what to do now. Your statement is partially right. The current cabinet (mostly corrupt bankers puppets) has been trying to find a way to help their rich business friends to get to their off-shore funds. They now are trying to pass legislation that lifts capital controls only for corporate entities (so their rich friends). The average Icelandic citizen wil remain shackled by the same controls though. This is mainly why the results of coming elections will be of epic proportions leaving the current establishment empty-handed and probably put a PM in the parliament that is pro Auroracoin! Thanks for the explanation. I was having a hard time finding articles that talked about that. |
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Any plans to talk to the icelandic government for making Auroracoin the official currency of the country? I would assume this is the end-goal?
When the time comes that Auroracoin will rival the Icelandic króna, we will not make plans to talk to the Icelandic government. The government will make plans to come and talk to us Thats nice and fine but if we want this coin to get adopted it will take hard work on our part. I have mentioned it in the chat rooms and even some private groups but everyone just laughs at me for promoting the worlds first scam country coin. I have read that with the election of a new Prime minister coming up, Iceland will lift it's capital controls ban allowing people, I am assuming to buy bitcoin and other cryptocurrencies. Call me a sadist but Auroracoin appealed to me at first because iceland had capital controls that banned people from buying bitcoin so they would be forced to use Auroracoin. Now it looks like soon they will have the option to invest in whatever they choose. I love auroracoin because the development team worked hard to build an exchange and totally make this coin legit. But from an investing standpoint I have no idea what to do now. |
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I tried Coinomi which is another mobile app that offers an Auroracoin wallet (Beta), but it gives out invalid addresses that do not work so that isn't an option.
I'm using coinomi successfully (for small amounts) on my phone. It seems to work well enough. Can receive and send. I suggest you talk to coinomi guys about your problem. Maybe you can post that "invalid" address here also? It might be interesting to take a look. EDIT: haven't looked at the "android wallet" since the beginning, so I can't help with that. I realized my error. On Coinomi, I copied the address and then pasted it into the exchange where I was withdrawing AUR, but it pasted like this: auroracoin:AcUVxMXQZ..............address..............etc. I forgot to delete the word Auroracoin, oops. |
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Thanks for the info. Going to give it all a good read tonight. Hi, I downloaded the android files on my Samsung phone. I extracted the files but I have no idea what to do with all these files now? I tried Coinomi but Coinomi is giving out invalid addresses that don't work. Help! What are you exactly trying to do? The quote is about mining... but you want to use coinomi? I would like to use an android mobile app for storing Auroracoin. On the very first page for Auroracoin, it has links like Linux, Windows, IOS, Android, that you can click on to download the wallets. Well when I click on Android, I have to download a bunch of files to my phone and extract them. But then all I am left with is a bunch of files on my phone. I tried Coinomi which is another mobile app that offers an Auroracoin wallet (Beta), but it gives out invalid addresses that do not work so that isn't an option. |
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Thanks for the info. Going to give it all a good read tonight. Hi, I downloaded the android files on my Samsung phone. I extracted the files but I have no idea what to do with all these files now? I tried Coinomi but Coinomi is giving out invalid addresses that don't work. Help! |
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A Fedcoin would merely inconvenience the general public, and be mostly ignored by current crypto investors, and thus it would likely have a minimal impact overall, but this is just speculation.
I disagree. I think it would actually be the opposite and appeal to the masses. The masses need stability and security, they don't need anonymity or care about decentralization. The Bitcoin crowd has ideals that go against the system and this requires a very particular mindset. It's hard for regular people to stand up to the government, when you have a family you can't afford to be reckless because the stance you take bears down on your whole family regardless of how they feel about your convictions. I guess I wasn't clear enough with my original statement; there is no need for a government-issued cryptocurrency considering we have today's fiat system. A Fedcoin would inconvenience the public because it would most likely change nothing but the brand and make people convert away from something they already have, which works fine for them. The public has no need for it, and the current fiat system satisfies most people already. We don't think it is stable or secure, or some people do, but for everyone else they simply don't care, and thus they wouldn't need a Fedcoin. If people really cared about cryptocurrencies, we'd see larger growth numbers, even if people don't buy anything, the community would grow larger. The anti-guberment crowd would hopefully have been drowned out by a larger majority of "normal" people. A Fedcoin would, when designed with control in mind, would be a near copy-paste of the fiat system, but it would be far more transparent (for a select few) and there would be more direct government control. A fiat system is preferable in this scenario, in my opinion. Ahhhh. Gotcha! |
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A Fedcoin would merely inconvenience the general public, and be mostly ignored by current crypto investors, and thus it would likely have a minimal impact overall, but this is just speculation.
I disagree. I think it would actually be the opposite and appeal to the masses. The masses need stability and security, they don't need anonymity or care about decentralization. The Bitcoin crowd has ideals that go against the system and this requires a very particular mindset. It's hard for regular people to stand up to the government, when you have a family you can't afford to be reckless because the stance you take bears down on your whole family regardless of how they feel about your convictions. I'd have to agree. Great response. |
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Yea I saw that article earlier and personally I don't think it's such a bad idea. Okay it's not going to be decentralized and anonymous but it'll still be an improvement over the current system. You should still be able to send money worldwide at almost no cost. It'll even have a couple of advantages over Bitcoin, stability and insurance. I don't think it would necessarily "kill" Bitcoin though, those who prefer decentralization would probably still use Bitcoin. In the end it'll be up to each and everyone to choose for themselves.
Great points. Thank you. |
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Hi, I invest in Bitcoin but this article concerns me a little: http://observer.com/2016/06/fedcoin/ Putting the tinfoil hat on for a second, let's say that Satoshi worked for a government. And let's say that government, before issuing it's own digital currency or Fedcoin wanted to see how Bitcoin played out in the marketplace. If governments started issuing their own digital currency, wouldnt that truly be the death of bitcoin? Thoughts? Tough crowd |
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Hi, I invest in Bitcoin but this article concerns me a little: http://observer.com/2016/06/fedcoin/ Putting the tinfoil hat on for a second, let's say that Satoshi worked for a government. And let's say that government, before issuing it's own digital currency or Fedcoin wanted to see how Bitcoin played out in the marketplace. If governments started issuing their own digital currency, wouldnt that truly be the death of bitcoin? Thoughts? |
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Hi,
I am trying to figure out the math for reinvesting gains on margin. So if say I sold gains on a long position every time btc or ltc went up 5 or 10% how would I compute that? For example everytime I made 50 ltc in usd I would roll that into my margin account and keep it maxed out. I have been scribbling on a piece of paper for the last hour, but based on my math, the rolling over formula isn't any better than buying on margin and holding. Thanks.
Is anyone out there? |
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Hi,
I am trying to figure out the math for reinvesting gains on margin. So if say I sold gains on a long position every time btc or ltc went up 5 or 10% how would I compute that? For example everytime I made 50 ltc in usd I would roll that into my margin account and keep it maxed out. I have been scribbling on a piece of paper for the last hour, but based on my math, the rolling over formula isn't any better than buying on margin and holding. Thanks.
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Arranged vouch deal with Mevius. I'll be running ZEBRA for 31 days to test its performance: livelinkI will keep track of the gain (or loss) in BTC as wel as fiat (USD and EUR), since ETH is strongly correlated with BTC. Performance history sheet:  Performance graph:  When looking at the live feed, I saw that your gains were small, and your win ratio was 38%. I am thinking about running Zebra but expected better results. Thanks |
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