PayServices.com is seeking partners in Iceland to implement auroracoin within our international multi value clearing house platform that enables to link and exchange complementary currencies to other values such as products (barter), services, fiat currencies, complementary currencies and to the credit card payment system. If you want to contribute or propose your services, please write to mvch@payservices.com |
|
|
|
|
When evaluating a coin, the first thing I ask myself is, "What does it DO?" There are constant changes in technology such as new algorithms or minor gimmicks, but what does this coin DO differently?
Darkcoin does anonymity.
Auroracoin is doing a whole country.
Bitcoin does the defacto backbone payment system of cryptocurrencies.
I believe there are a few other coins DOING neat things whose technology I can't quite comprehend the importance of yet, but for me, those three coins are holders.
|
|
|
|
I am also not convinced yet that Darkcoin is anywhere near impossible to prove trace for the people we really want out of tracing it.
Where is the proof? I'm not saying this sarcastically like "LoL THERE IS NO PROOF!"!""111", but I actually want to read if if there is proof!
It's a mistake to assume that any kind of security is uncrackable or to assume the risk is zero. Never assume this even if you're told something is "hack proof" or whatever. DarkSend makes it a lot more difficult to trace transactions. What we need is a rundown of exactly what DarkSend's anonymity entails in layman's terms, and specific use cases and what risks are involved. I'm working on content for the new Darkcoin website so I'll nail down Eduffield on these details so everyone knows exactly what they're getting with DarkSend. I suggested to Eduffield that we have a sort of competition for penetration testing when the source is released, with bounties for any holes or bugs discovered. As always, the best protection is to fully understand the technology you're using. I would be willing to put DRK towards such bounties. |
|
|
|
|
Regarding the title:
[ANN][DRK] DarkCoin | First Anonymous Coin (DarkSend) | KGW | No Premine
At this point in cryptocurrency, it is not necessary to state, "KGW" in the title as all new cryptos are expected to have it. Just state it in the opening post. In addition, Darkcoin is old enough now that we don't need to mention that there was no premine in the title. Just state that in the first post as well.
Keep it simple:
[ANN][DRK] DarkCoin | First Anonymous Coin (DarkSend)
or
[ANN][DRK] DarkCoin | World's First Anonymous Coin (DarkSend)
|
|
|
|
How do we get the word out about DarkSend going to beta?
Title change should be enough. [ANN][DRK] DarkCoin | Truly Anonymous (DarkSend) | KGW | No Premine | ASIC Resistant In case my suggestion got lost in the useless back and forth above: [ANN][DRK] Darkcoin - World's First Anonymous Cryptocurrency - Darksend is Live! |
|
|
|
|
I think we should discuss the new title when Darksend goes live on Mainnet.
My suggestion: [ANN][DRK] Darkcoin - World's First Anonymous Cryptocurrency - Darksend is Live!
|
|
|
|
We have officially broken through resistance  |
|
|
|
Testing went fantastic. We all decided we're ready for public beta on mainnet, so I'll be releasing executables some time this weekend!
*mashes buy buttons* |
|
|
|
As all of you are interested in the story behind Auroracoin, I thought I'd point out a new coin I just found (which has been out awhile) that is doing the same thing as Auroracoin but for the Lakota nation. But this time, it is in PARTNERSHIP with the people and government. Introducing Mazacoin: https://bitcointalk.org/index.php?topic=493049.0 |
|
|
|
Do we know if the government will just ban this from use in Iceland. Is there any communication at all with them to ensure this wont happen?
At current prices, each citizen of Iceland will receive $760 worth of Auroracoin. I suspect that if a politician tried to ban it, they would find themselves rather unpopular VERY quickly. |
|
|
|
I don't understand. Won't the airdrop of 10mAUR just crash the price? Currently AUR is trading for $25 with an AVAILABLE supply of what 100k? so.. 100k /10.1m = .01 $25 x .01 = .25cents ....  ? Won't the airdrop just act as the fed printing money devalueing the current money supply? I see a lot of posts about people saying the current market cap of Auroracoin isn't real because there is less than 100,000 coins available and all of the premine isn't being taken into account. I come from an investing background with wallstreet. When you look at a stock, you can see two terms: 1. Float - This is the amount of sharing available for trading. 2. Shares Outstanding - This is the total amount of shares a stock has. This includes shares that are unavailable for trading for a variety of reasons. The value of a stock is based upon the shares outstanding, NOT the float because investors and the market understand that at some point, those locked up shares will become part of the float. If there are very few shares available in the stock, it is said to be, "Illiquid". An illiquid stock can have wild price fluctuations when there is a lot of interest in it. Auroracoin is illiquid. Its', "Float" is very small (less than $100,000). However, its marketcap which properly takes into account all of the coins (shares) outstanding, IS correct and the market is working to price in the fundamentals and risk associated with all those coins outstanding. As the market continues to evaluate the risk and reward associated with the airdrop, the price will continue to fluctuate. I PERSONALLY believe a successful airdrop will result in the price being much higher than it is today but that is merely my opinion. |
|
|
|
Auroracoin is a pump and dump. Crypto currencies are illegal in Iceland ( http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country) and on top of that how do you imagine, a person or a group of people not affilitated with a government to have access to the required infrastructure to actually spread the coins among citizens? You need means of veritifaction and authorization of every single person. Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat. They are not illegal in Iceland. You can't buy and sell Bitcoin with other foriegn currencies. You can mine and hold Bitcoin. And we'll be giving them Auroracoin for FREE which is perfectly fine. Their laws are capital controls to ensure the Krona isn't dumped. And gifts aren't taxed in Iceland. |
|
|
|
|
I see a lot of posts about people saying the current market cap of Auroracoin isn't real because there is less than 100,000 coins available and all of the premine isn't being taken into account. I come from an investing background with wallstreet. When you look at a stock, you can see two terms:
1. Float - This is the amount of sharing available for trading.
2. Shares Outstanding - This is the total amount of shares a stock has. This includes shares that are unavailable for trading for a variety of reasons.
The value of a stock is based upon the shares outstanding, NOT the float because investors and the market understand that at some point, those locked up shares will become part of the float. If there are very few shares available in the stock, it is said to be, "Illiquid". An illiquid stock can have wild price fluctuations when there is a lot of interest in it.
Auroracoin has is illiquid. Its', "Float" is very small (less than $100,000). However, its marketcap which properly takes into account all of the coins (shares) outstanding, IS correct and the market is working to price in the fundamentals and risk associated with all those coins outstanding.
|
|
|
|
|
I see a lot of posts about people saying the current market cap of Auroracoin isn't real because there is less than 100,000 coins available and all of the premine isn't being taken into account. I come from an investing background with wallstreet. When you look at a stock, you can see two terms:
1. Float - This is the amount of sharing available for trading.
2. Shares Outstanding - This is the total amount of shares a stock has. This includes shares that are unavailable for trading for a variety of reasons.
The value of a stock is based upon the shares outstanding, NOT the float because investors and the market understand that at some point, those locked up shares will become part of the float. If there are very few shares available in the stock, it is said to be, "Illiquid". An illiquid stock can have wild price fluctuations when there is a lot of interest in it.
Auroracoin has is illiquid. Its', "Float" is very small (less than $100,000). However, its marketcap which properly takes into account all of the coins (shares) outstanding, IS correct and the market IS working to price in those total coins outstanding.
|
|
|
|
At current valuations, each citizen of Iceland would receive $710.00 each. |
|
|
|
|
At current prices, each citizen of Iceland would receive $710.00 each.
|
|
|
|
It's given out in a month. There's no infrastructure, no retailers accepting it, and we're talking about widespread adoption and displacing the national currency?
In most countries, it takes at least a few years to roll out the currency change, and that's given the government support, not a few hobbyists. Hell, for the general population even the very idea of a cryptocurrency is as alien as Martians.
So, nope. It might - just might - sustain itself as yet another altcoin, but getting the whole country to run at it is about as likely as it is for the world to turn to BTC as the primary currency. Which is "not very much, but maybe in ten years or so".
Rolling out a fiat currency and a cryptocurrency are vastly different. And the dispersal BEGINS in a month and there are multiple phases (I suggest reading the dispersal plan). And of course there's no retailers utilizing it now. But before long, someone in Iceland will be selling Alpaca socks for Auroracoin and it shall begin. And most of us supporters are not claiming replacement of the national currency. |
|
|
|
any one holding AUR KNOWS its going allot higher.. the closer it gets to the airdrop the more attention its going to get... the price is guna be 5x 10x higher after the airdrop and media get their hands on this! if it gets to the stage where iceland actually adopts it as national currency ie. paying taxes with it and bills ect then the price could well be well above bitcoin!
hahaha, do you really think Iceland is going to adopt a cryptocurrency as their national currency?? This may get some hype, but considering most people don't even know what bitcoin is... get real. I haven't been able to find one article besides ones from people within the community that mentions this thing.... and where's the website? Scam... I certainly do not think it will be the national currency day one. Probably not even day 365. Maybe not ever. But it doesn't have to be. The people of Iceland will have a viable alternative. And even if the critics are correct and every single person in Iceland dumps their Auroracoin, they'll be dumping it for Bitcoin. Which means an entire nation will have Bitcoin. As long as the people are given and take the time to receive their coin, this is a huge win for cryptocurrency. What the dev realized is that he only needed a few people to believe this to pump the coin...it's absolutely hilarious. AN ENTIRE NATION!!! WOW!!! Of 330,000 people. Who aren't going to have anything to do with this...the lunacy here astounds me. How dense do you have to be to believe a $150+ million market cap can just be created overnight and sustained? I wish I could scheme like the devs...absolutely brilliant. If I offered to send you $500+ for free, you wouldn't do it? As part of my due diligence when I first found this coin, I looked up people in Iceland and asked them if they were going to accept the coin. They thought it was silly or possibly a scam, but realized they had nothing to lose so planned to do it. The more valuable this coin gets and the more media attention it garners, the more people in Iceland will take the time to accept Auroracoin. We went through ALL of this with Bitcoin as well. I understand the lack of trust and frankly, I have some questions as well. But there is so much to benefit from all of this that I'm willing to take the risk. |
|
|
|
If you people would read the first post. Once the Auroracoin site is back up, after all this sudden interest (coinmarketcap sure isn't helping), you can check out http://auroracoin.org/blueprint.phpIt describes the airdrop process. EDIT: And please.. the Dev or Devs could never simply sell 10.500.000 coins. Don't be so idiotic. I read it, blueprint. But it doesnt say anything, how they will validate that? How this proccess will be secure against ID fraud? My second question is how they will do it? There are 320 000+ residents. They need verificate them in 4 months. It is 2 623 residents daily!!!  I tried search for answers but for my questions there are no answers yet!!! Where will be verification that dev will be not creating fake wallets where he will send airdrops for yourself?!?!? Look, that idea of this coin is great but everyone must know that all is in one hand of "Shaddow man". How can you all trust him? Why to trust him? These are all fair questions. Questions I would like answers to as well. I feel the more valuable the coin is, the more likely this is to go smoothly. As media attention comes about, I assume efficient processes will be developed to safeguard against ID fraud. |
|
|
|
|
Show Posts
