AURORACOIN - Empowering Financial Freedom

[alt19]

estimated altcoin inflation or total supply over the next 10 years?

the information is needed for http://alt19.com/19/cryptocurrency.php

thanks

[1715679842]

1715679842

[1715679842]

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[1715679842]

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[1715679842]

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[1715679842]

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[flound1129]

Anyone have some addnodes?  Only six connections on my nodes and 2 are mine.

[ny2cafuse]

Anyone have some addnodes?  Only six connections on my nodes and 2 are mine.

This is the list of updated nodes connected to the bridge node.  There was about 5 times this list that was still on the old version.

Please update your wallets.

Code:

87.213.74.218
94.242.229.111
37.97.135.213
195.154.185.5
104.236.66.174
89.18.181.134
80.248.18.148
80.248.18.177
80.248.22.20
80.248.18.176
85.220.104.87
89.160.194.106
159.203.74.236
46.182.188.8
82.137.8.232
46.182.188.8

-Fuse

[alt19]

AUR has checkpoints.
How does it work? Did you reverse transactions before?

Does AUR have merged mining?

Estimated inflation?

[molecular]

AUR has checkpoints.
How does it work? Did you reverse transactions before?

Does AUR have merged mining?

Estimated inflation?

I can answer 2 of these question and am interested myself in answers to the other 2.

Does AUR have merged mining?
=> no, purely scrypt pow currently

Did you reverse transactions before?
=> no

Estimated inflation?
=> ?

AUR has checkpoints.
How does it work?
=> ?

[ny2cafuse]

AUR has checkpoints.
How does it work? Did you reverse transactions before?

Does AUR have merged mining?

Estimated inflation?

I can answer 2 of these question and am interested myself in answers to the other 2.

Does AUR have merged mining?
=> no, purely scrypt pow currently

Did you reverse transactions before?
=> no

Estimated inflation?
=> ?

AUR has checkpoints.
How does it work?
=> ?

I couldn't answer the question of inflation.  I honestly don't pay much attention to inflation to be honest.  A lot of people have been talking about inflation lately... I wonder why there's a trend lately.

As far as checkpoints go, are both of you asking how checkpoints work in general?  Like almost every other coin that uses static checkpoints, we hardcode a blocks on the blockchain in the wallet code so when the chain syncs it has a reference block to compare to, making sure that there are no forked chains being accepted as a valid chain.  Some coins use automatic checkpoints, which is a novel idea, but good old fashioned hard-coding works just fine.  Typically, you place checkpoints around major development changes, so hard and soft forks are handled better on a fresh sync.

Let me know if you meant something different with regards to checkpoints.

-Fuse

[dinobotta]

Today I had a 1,5 hr chat with the Head of the VAT devision of the Icelandic tax and two other staff members, not sure what their their titles were.  

The conversation went from todays news on EU courts decisions on Bitcoin being exempt from VAT. We talked about Bitcoin, Auroracoin and the ISK/AUR exchange we are opening and if VAT rules applied to the exchange. Why we are opening up with Auroracoin on the exchange, the airdrop and how Auroracoin is not breaking the currency controls and so on.

The conversation went deep into mining and how it works and why its a part of crypto and how the Icelandic government has revenue from Bitcoin via mining today. We talked about the traceability and anonymity of Bitcoin/Auroracoin and how its not a good thing for criminals, cash being the best option for criminals. The conversation moved to microtransactions, and how this technology could create an industry in 10 years and how important it was not to suffocate this great opportunity for change by adding VAT and other hurdles in its path, just like the EU courts issued that Bitcoin is exempt from VAT and is a currency.  

I ended up with explaining to them how Bitcoin and Auroracoin had built in low inflation, by halving the mining reward every 4 years and probably would end as a deflationary currency (Inflation is Icelands biggest monetary problem....) I think that really got them excited.

They continued asking intense questions regarding Auroracoin and Bitcoin and just were really interested and ended up with questions like how they could buy some and when we would open up the exchange.

[Leveilleur]

AUR is avaible on : http://pool.laintimes.com  

[molecular]

AUR is avaible on : http://pool.laintimes.com  

more pools is good. But with cryptsy starting to looks shaky or looking like they might be subject to more scrupulous AML/KYC and require identification soon, it looks to me we could well use another BTC/AUR exchange. I know it's not seen as a priority, but I still think having a liquid exchange vs. Bitcoin is essential for Auroracoin.

[BioMike]

I ended up with explaining to them how Bitcoin and Auroracoin had built in low inflation, by halving the mining reward every 4 years and probably would end as a deflationary currency (Inflation is Icelands biggest monetary problem....)

If you see mining as a source for inflation, than fiat currencies have an infinite inflation (Central banks can always print more). Cryptos don't have an inflation (but deflation) when there is no way of create more than the maximum amount of coins that will ever be into existence, it is already calculated into the current market price.

This points also a problem to give an answer to the person that asked the question regarding this. There is NO WAY, for ANY crypto, to measure this. First, to measure it, you need an economy and goods where the price is based on the crypto (not some recalculation from fiat based on market value). Second, the market price is just too volatile.

For these reasons, I think the whole inflation discussion is BS.

[dinobotta]

If you see mining as a source for inflation, than fiat currencies have an infinite inflation (Central banks can always print more). Cryptos don't have an inflation (but deflation) when there is no way of create more than the maximum amount of coins that will ever be into existence, it is already calculated into the current market price.

I don't see mining as real inflation...

I was pointing out to them how the Auroracoin money creation works and how Auroracoin ends up being deflationary, because of the limited supply, and how the ISK fiat money printing creates the inflation in Iceland and is unlimited.

These people at the Icelandic tax saw where I was going with this. Everyone in Iceland has a mortgage for their houses, that compounds interest + all inflation in Iceland.

[Trackcoins]

This is where the Gulden haters hang out. Can we get more bad comments on that ANN to kill price.

[ny2cafuse]

This is where the Gulden haters hang out. Can we get more bad comments on that ANN to kill price.

Trackcoins, you're a funny guy.  But seriously, please stick to the NLG thread for NLG stuff.  We've already ditched a bunch of the fudders and trolls, so we're trying to keep things clean over here.  We're trying to stay away from drama over here, mate.

If you want to get involved with AUR in a constructive way, that would be awesome.  If you're just here to troll NLG and AUR, we really don't need it, mate.

-Fuse

[Trackcoins]

This is where the Gulden haters hang out. Can we get more bad comments on that ANN to kill price.

Trackcoins, you're a funny guy.  But seriously, please stick to the NLG thread for NLG stuff.  We've already ditched a bunch of the fudders and trolls, so we're trying to keep things clean over here.  We're trying to stay away from drama over here, mate.

If you want to get involved with AUR in a constructive way, that would be awesome.  If you're just here to troll NLG and AUR, we really don't need it, mate.

-Fuse

We must stand together against this growing evil that is rising up the crypto ranks. We mus not pussy out. I will respekt your wish and not post in AUR.

[leigh2k14]

Is cryptsy safe to use? I wanna buy more AUR. It would be nice if AUR got on bittrex.

[ontopicplease]

Is cryptsy safe to use? I wanna buy more AUR. It would be nice if AUR got on bittrex.

It's hard to say if cryptsy or any other exchange is safe. Speaking for myself, I had and still have a lot of problems when trying to withdraw coins from cryptsy. Last week, I withdraw my auroracoins from cryptsy. Compared to other withdrawels it went pretty smooth. In practise this means that mostimes when I asked to withdraw amount X aurora from cryptsy, Amount 0.5X aurora was withdrawn. But after something like 5 attempts all coins were withdrawn. The situation with other coins is worse on cryptsy. Withdrawing SDC is impossible for a long time now, for that reason SDC prices are often 20% lower on cryptsy than on bittrex. Everytime I try to withdraw BTCD, it keeps pending for days and doesn't go, finally, after my complains, they send them back to my wallet. Small BTC withdrawels from cryptsy are often pending for around 24 hours.

I, 100% agree with you that it would be very good, if we could aurora on bittrex.

[Bitcoininspace]

I can't believe this old pump and dump is still active, wonder where they stand on the marketcap, under 100k $ nowadays? I couldn't find them on the first page atleast.

Was an insane pump and dump though I gotta give you that, didn't it go up to 100$ a piece one day and then plummeted to its doom?

[LTEX]

Is cryptsy safe to use? I wanna buy more AUR. It would be nice if AUR got on bittrex.

I always tell people to be cautious with exchanges. Cryptsy has been mentioned to be controversial to say the least, but in all honesty I have never lost any coins there. They are however extremely slow with withdrawals and indeed seem cut them in half all the time.

My advise would be to never have more than the equivalent of 1-2 BTC on it at all times and withdraw to cold storage frequently.

I'm currently waiting over 12 hours already on a 2.6 BTC withdrawal...

[LTEX]

I can't believe this old pump and dump is still active, wonder where they stand on the marketcap, under 100k $ nowadays? I couldn't find them on the first page atleast.

Was an insane pump and dump though I gotta give you that, didn't it go up to 100$ a piece one day and then plummeted to its doom?

Markercap is a little over 500BTC atm so yes, it's nothing compared to the 1 billion+ USD it once reached. Fortunately so, because that was nuts to begin with and had nothing to do with sane judgement. It was hyped to extreme proportions, not by the dev, but by greedy speculators.

At this moment the development has been taken over by a group of very dedicated members, that have chosen to act completely transparant and have even registered a foundation in Reykjavik. We are focused on targets set in the initial plan, being general adoption by the Icelandic people.

So, no pump and dump coin here, not even worth looking at if thats what you're after. This is a long term project, no getting rich quick.

[chicken65]

Aurora Dev made a huge amount of money.