first national cryptocurrency

[jonald_fyookball]

just read that article about auroracoin

http://www.coindesk.com/icelandic-parliament-committee-holds-closed-session-discuss-auroracoin/
http://auroracoin.org/

I think this is amazing...

We don't know how it will turn out yet, but imagine, an entire nation
replacing fiat with crypto.  this could turn out to be a HUGE turning point
for all of us.

[corebob]

Its an interesting project, but when it comes to the politicians and the central bankers, they already got their global financial meltdown and its aftermath of pillaging and robbery, and as democratically elected officials they paid for it with loss of respect and integrity.
I seriously doubt anyone is listening to their breed any longer.
The fact that some of them is still around proves that their democracy didn't work very well even before the managed meltdown.

[jonald_fyookball]

Its an interesting project, but when it comes to the politicians and the central bankers, they already got their global financial meltdown and its aftermath of pillaging and robbery, and as democratically elected officials they paid for it with loss of respect and integrity.
I seriously doubt anyone is listening to their breed any longer.
The fact that some of them is still around proves that their democracy didn't work very well even before the managed meltdown.

it doesnt seem to be created by a politician... some icelanding guy created and their parliament is discussing what to do about it..at least thats the gist i got

[corebob]

Yeah that's right. We can only wait and see what the politicians will come up with to stop it.
Their incompetence might come in handy for once...

[franky1]

aurora is not a national currency

its just one altcoin creator that says it is. purely to pump and dump.

if it was a national currency he would concentrate on mining it and distributing it to his nation. and not to any person on the planet. he would also be getting the nation to accept it as payment for goods and services..... but he is not.

so its just an epic fail of a coin with nothing backing it (usefullness)

the same goes for mezacoin. the tribe that thy say is accepting meza coins have no idea about it and see no use of it.

they cant buy food, tools or propane with it and they like their traditions. so while out in the wilderness they dont rally have good internet access to trade while on horseback

[jonald_fyookball]

aurora is not a national currency

its just one altcoin creator that says it is. purely to pump and dump.

if it was a national currency he would concentrate on mining it and distributing it to his nation. and not to any person on the planet. he would also be getting the nation to accept it as payment for goods and services..... but he is not.

so its just an epic fail of a coin with nothing backing it (usefullness)

the same goes for mezacoin. the tribe that thy say is accepting meza coins have no idea about it and see no use of it.

they cant buy food, tools or propane with it and they like their traditions. so while out in the wilderness they dont rally have good internet access to trade while on horseback

He is distributing it to his nation. 

[corebob]

aurora is not a national currency

its just one altcoin creator that says it is. purely to pump and dump.

if it was a national currency he would concentrate on mining it and distributing it to his nation. and not to any person on the planet. he would also be getting the nation to accept it as payment for goods and services..... but he is not.

so its just an epic fail of a coin with nothing backing it (usefullness)

the same goes for mezacoin. the tribe that thy say is accepting meza coins have no idea about it and see no use of it.

they cant buy food, tools or propane with it and they like their traditions. so while out in the wilderness they dont rally have good internet access to trade while on horseback

How can you know this?

It all starts at the bottom of the food chain, and Island has a big bottom of the food chain.
If they start accepting it, it should work.

[franky1]

aurora is not a national currency

its just one altcoin creator that says it is. purely to pump and dump.

if it was a national currency he would concentrate on mining it and distributing it to his nation. and not to any person on the planet. he would also be getting the nation to accept it as payment for goods and services..... but he is not.

so its just an epic fail of a coin with nothing backing it (usefullness)

the same goes for mezacoin. the tribe that thy say is accepting meza coins have no idea about it and see no use of it.

they cant buy food, tools or propane with it and they like their traditions. so while out in the wilderness they dont rally have good internet access to trade while on horseback

How can you know this?

It all starts at the bottom of the food chain, and Island has a big bottom of the food chain.
If they start accepting it, it should work.

its not a national currency until its a national currency.

just because him and a couple of his friends use it, means nothing.

take me for instance. me and a group of local friends trade bitcoin, there are a couple shops accepting bitcoin.. so does my town or even my country now class bitcoin as a national currency... no..

so this guy doing not very much footwork to get it accepted by governments or merchants cannot possibly call it a national currency. unless he shows me 20,000 + merchants using it or atleast 50% of the population of his country holding it.. then its not a national currency

its currently just a pump and dump

[iampingu]

He's distributing it to his nation, whilst being in panama? Seems a greatly trustworthy idea.

[corebob]

so this guy doing not very much footwork to get it accepted by governments or merchants cannot possibly call it a national currency. unless he shows me 20,000 + merchants using it or atleast 50% of the population of his country holding it.. then its not a national currency

For a moment there Iceland had no government, and you have to consider the possibility that the current one doesn't qualify