AURORACOIN - Empowering Financial Freedom

[solid12345]

What alot of people don't get is how tiny Iceland is. 323,000. How much easier would it be to convince even 10k people in one country in a compact area to start using crypto versus Bitcoin in a major metropolitan area in a major world city? ALOT easier. Also with such a small population, word of mouth spreads fast and alot of times its just trying to convince your family and friends to start using it.

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[BioMike]

No serious investor is going to sell coins this low Again.These prices and higher are here to stay.

I'm seriously selling on the way up. To be honest, current price is already way to high for its current real value. A bunch of bag holders of overpriced coins isn't adding to its intrinsic value.

You guys can argue about price all day long and talk about "investing" in the coin. The truth is that it´s real value will always be decided by Icelanders.

I have "invested" in a exchange that will only be open for Icelanders to trade aur. It will be the first step into real adoption of auroracoin in Iceland. Next thing to "invest" in is merchant solutions as well as educate and advertise the usage of auroracoin. If you guys want to "invest" i would suggest investing in infrastructure of the coin, buying the coin and holding on to it until it gains value through the hard work of the community is not helping us at all.

Again this thread is not about trying to get people to buy auroracoin, it is about information about auroracoin and hopefully people will pitch ideas and helpful comments to further our agenda to get auroracoin widely used in iceland.

Don't get me wrong. There is a reason why I'm selling on the way up (that's half the story). Let's say it is part of infrastructure building.

[Yaremi]

I go to buy some.

i am in

Good luck new team!

[apcoins]

What alot of people don't get is how tiny Iceland is. 323,000. How much easier would it be to convince even 10k people in one country in a compact area to start using crypto versus Bitcoin in a major metropolitan area in a major world city? ALOT easier. Also with such a small population, word of mouth spreads fast and alot of times its just trying to convince your family and friends to start using it.

Exactly, this market is small and easy to meet up face to face. To give you some perspective i run a small online system that holds over 100k Icelanders as users. As flawed as the airdrop is being painted still over 10% of Icelanders claimed their share.

Auroracoin was on the local media here and most of the nation knows about it. Now we are attempting to get people to use it and we will make every effort in doing so. Will it be a success? To be honest i have no idea, but we will make a hell of a effort trying.

[apcoins]

No serious investor is going to sell coins this low Again.These prices and higher are here to stay.

I'm seriously selling on the way up. To be honest, current price is already way to high for its current real value. A bunch of bag holders of overpriced coins isn't adding to its intrinsic value.

You guys can argue about price all day long and talk about "investing" in the coin. The truth is that it´s real value will always be decided by Icelanders.

I have "invested" in a exchange that will only be open for Icelanders to trade aur. It will be the first step into real adoption of auroracoin in Iceland. Next thing to "invest" in is merchant solutions as well as educate and advertise the usage of auroracoin. If you guys want to "invest" i would suggest investing in infrastructure of the coin, buying the coin and holding on to it until it gains value through the hard work of the community is not helping us at all.

Again this thread is not about trying to get people to buy auroracoin, it is about information about auroracoin and hopefully people will pitch ideas and helpful comments to further our agenda to get auroracoin widely used in iceland.

Don't get me wrong. There is a reason why I'm selling on the way up (that's half the story). Let's say it is part of infrastructure building.

Was not pointed at you. Just the general conversation about price and "investments" makes me a little mad.

[ZaZ59]

hi,

auroracoin is now listed on www.altcoinprofitability.com!

Best regards

 

[Whistleblowa]

This coin has a good chance provided the Icelandic people are crypto dumb (which most will be in the mainstream), at worst case they will use AUR to get into bitcoin easier for those that don't mine other currencies.
Someone pointed out that the population is close and majority in one town. So while that is a positive I am sure it's going to take a lot to convince them of the first impression AUR gave the country with the price tanking so hard that it made the 2008 crisis look like a flat line in ratio.

[KenChanYu]

This coin has a good chance provided the Icelandic people are crypto dumb (which most will be in the mainstream), at worst case they will use AUR to get into bitcoin easier for those that don't mine other currencies.
Someone pointed out that the population is close and majority in one town. So while that is a positive I am sure it's going to take a lot to convince them of the first impression AUR gave the country with the price tanking so hard that it made the 2008 crisis look like a flat line in ratio.

People have short memory. Think how many time fiat depression there been. My advice is to hold for long time or trade to hold more AUR and forget you own coin. Let the new team do the work and sell later on to Iceland  people.

The more coin you own the less for Iceland people and price will be forced high.

I just pray foundation won't be used to sell coin on exchange and is used to promote AUR to make investors have good returns.

[Danslip]

So close to passing Digibyte in marketcap. Keep it going !! hold hold hold
http://coinmarketcap.com/currencies/views/all/

[emmnazady]

old coin,take over from community

[BioMike]

old coin,take over from community

Yes. Well, new dev team that wants to build a community of users.

[emmnazady]

old coin,take over from community

Yes. Well, new dev team that wants to build a community of users.

Thanks,will follow now.

[molecular]

I'm planning to ask AUR to be traded on poloniex.com.

Auroracoin seems to fulfill the critera:



Just asking wether this has been done before, if someone more 'official' from the foundation wants to do it or if there is anything to be said against it before I go ahead.

[BioMike]

I'm planning to ask AUR to be traded on poloniex.com.

Auroracoin seems to fulfill the critera:



Just asking wether this has been done before, if someone more 'official' from the foundation wants to do it or if there is anything to be said against it before I go ahead.

Why do we need it?

[thsminer]

I see a lot of posts about value... I want to make clear the true value of Aurora is gona be usability. Whenever its 1 sat or 1 BTC is totally irelevant, as long as people don't use the coin in daily life. Sure the price needs some stable base to start with because people have to exchange FIAT for crypto and it's no good if your Aurora's drop in value by half and the merchant asks twice the price as the day before.
 
Exchange value is a temporary problem, the moment the coin is used in a closed loop, like Fuse already pointed out, the exchange price is only important for trading outside Iceland. Still important in global economics but not for the day to day use.
So main discussion should be how to get Aurora in as many Icelandic hands as possible and give them a coin thats usable. All FUD about AUR send to exchange addresses is history.

The current team has a few common goals and usability is on top of the list  together with security and transparency . So anyone that has good input on those matters is more than welcome to join the discussion. Like other members already pointed out this team wants crypto to succeed in the first place and Aurora has excelent odds to do so with your input and creativity!      

[KenChanYu]

I see a lot of posts about value... I want to make clear the true value of Aurora is gona be usability. Whenever its 1 sat or 1 BTC is totally irelevant, as long as people don't use the coin in daily life. Sure the price needs some stable base to start with because people have to exchange FIAT for crypto and it's no good if your Aurora's drop in value by half and the merchant asks twice the price as the day before.
 
Exchange value is a temporary problem, the moment the coin is used in a closed loop, like Fuse already pointed out, the exchange price is only important for trading outside Iceland. Still important in global economics but not for the day to day use.
So main discussion should be how to get Aurora in as many Icelandic hands as possible and give them a coin thats usable. All FUD about AUR send to exchange addresses is history.

The current team has a few common goals and usability is on top of the list  together with security and transparency . So anyone that has good input on those matters is more than welcome to join the discussion. Like other members already pointed out this team wants crypto to succeed in the first place and Aurora has excelent odds to do so with your input and creativity!      

I don't see many people part with AUR to buy goods with because next day price could be double or half. Bitcoin has support of whole world and make it possible for low supply coin to stay stable. Entire pop of Iceland is 1/5 of bitcoin users. The best profits for AUR will be getting people to buy bitcoin. Until someone  bring bitcoin exchange to Iceland.

[molecular]

I see a lot of posts about value... I want to make clear the true value of Aurora is gona be usability. Whenever its 1 sat or 1 BTC is totally irelevant, as long as people don't use the coin in daily life. Sure the price needs some stable base to start with because people have to exchange FIAT for crypto and it's no good if your Aurora's drop in value by half and the merchant asks twice the price as the day before.
 
Exchange value is a temporary problem, the moment the coin is used in a closed loop, like Fuse already pointed out, the exchange price is only important for trading outside Iceland. Still important in global economics but not for the day to day use.
So main discussion should be how to get Aurora in as many Icelandic hands as possible and give them a coin thats usable. All FUD about AUR send to exchange addresses is history.

The current team has a few common goals and usability is on top of the list  together with security and transparency . So anyone that has good input on those matters is more than welcome to join the discussion. Like other members already pointed out this team wants crypto to succeed in the first place and Aurora has excelent odds to do so with your input and creativity!      

I'm "guilty" of posting about value... and no, the exchange value is not temporary and it's not a problem. Unless Auroracoin is the "one world currency", there will always be an exchange value, and that's totally ok.

Let me make clear: I absolutely agree with you that the goal should be (and is) to get Auroracoin to be used in Iceland by the people there (and maybe also in foreign trade or by tourists visiting). I want "closed loop crypto economy" as much as you and most others here, but it doesn't mean there can be no outside exchange whatsoever. That wouldn't work.

You have to acknowledge that price and usage are two sides of a single coin and they reciprocally induce each other: a higher price will increase visibility and perceived value of the money and usage (saving, commerce,...) will drive price.

[molecular]

I'm planning to ask AUR to be traded on poloniex.com.

Why do we need it?

We don't. But as I hinted at in previous post, I want a healthy exchange market for AUR vs. BTC. Cryptsy is the main market right now (bter liquidity is low). A third market can't hurt, can it?

[ontopicplease]

Probably I am going to say a lot of things the new dev team knows already. But I am still posting, I might bring up something new, you never know.
To be succesfull in some kind of business it is often not much more than copy/pasting competing companies in the same branche and do better where other businesses perform weak.
From this point of view Aurora can look at Guldencoin. Guldencoin has a couple things done very well. They made an easy to use software for merchants who want to accept coins. They have the mobile wallets ready, so the people can easily spend the coins.
Regarding the NOCKS system ( the possibility to pay with Guldencoin when merchants accept BTC), which Guldencoin is using, I am not really sure if Aurora needs it, because we want Iceland to use Aurora and not BTC.
Another important thing is how merchants have to do their bookkeeping. I am not from Iceland, but I guess there are payd taxes too there. So, merchants that accept Aurora must be sure that they know how to bookkeep. What looks most obvious to me is that, when a merchant sells some product for Aururacoin, he does the bookkeeping as if he sold in Krona. The fact that he owns Aurroracoin now, which can go up or down in value, is his own risk. But I can imagine some people have better ideas. So people holding Aurora have always a risk the price wouldn't be the same the next day.
Some kind of price-stabilty for Auroracoin will eventually be good to  convince more people to use Aurora. The price of Auroracoin started on the moon, because the altcoin business was ( and probably is) full of sheep, who never really calculated if the price was right. During a year the price was decimated to 6k satoshi to climb again to 28k, what it is now.
The devteam looks really serious and we all like that. When the devteam will perform well, and communitymembers attribute and help, the ultimate goal of having Aurora used by everyone in Iceland might be possible. Imagine Aurora manages to be succesfull, then the price of Aurora will rise extremely. We cannot help that, because the market will make the price. Something we ( and then I mean the people who currently hold some Aurora) cán do, is helping to keep some pricestabilty. When Auroracoin-price rises without the big bumps ( ups and downs), it will convince more people that Auroracoin could be more stable than the Krona, but what we don't want is price spykes like 200% in 1 day and 150% down the next day. Then some people who bought at the top are getting less attracted.
We also don't want Aurora to be a coin which price is stablized by a foundation that uses the 1M Aurora to stabalize the price. That 1M should be used for development, I think. I am telling things here, BioMike also thinks about a lot. As far as I know he does a lot of stabilizing for Guldencoin, as well. So actually, I am asking other communitymembers ( including myself) to put up some buy- and sell orders on cryptsy to make the orderbook bigger so we will not see these crazy changes in price. Of course we will never be able to prevent from big rises and falls, but we can make them smaller. To attract and convince more and more Icelanders tu use Aurora, a slowly rising price will be best.
Like mentions many times Aurora has big advantages over other coins to be succesfull; the monetary history of Iceland and for all the concentrated population. But before reaching out to the people, we have to make some stable foundation. Aurora has to easy to use, easy to bookkeep and the price of Aurora should be a slowly rising the coming years without the big bumps.
When basics are solid and Auroracoins are easy to buy via local Auroracoins or the Aurora-Krona-exchange office ( I don't know wheater the devteam is thinking about a physical office or an online exchange or both) we can start a marketing program, online as well in the streets of Reykjavik.
A marketing program should be build around an “economical education “ program. The best way to convince people is by explaining them economics, explaining people how fiat money works, explaining what quantitative easing is ( nothing else than stealing from people that have money), explaining the people that Krona's is nothing more than believing a government that failed over and over again in history. Because of the Icelandic monetary history, Icelanders are probably the best educated people in the world regarding economics, so this part wouldn't be too difficult. In Europe and the US the sheep (like 99% of the people) are still thinking they have a solid currency until it will fall down, like every currency in history did, in case of quantative easing

Sorry for the long post and poor english, I just wanted to be helpfull.

[molecular]

Thanks for your post ontopicplease.

Slight correction:

During a year the price was decimated to 60k satoshi to finally climb to 280k, what it is now.

We also don't want Aurora to be a coin which price is stablized by a foundation that uses the 1M Aurora to stabalize the price. That 1M should be used for development, I think.

I agree. But I guess it's up to them (and I think they plan to use it for development and marketing (adoption)).

It's futile to try to overrule a market anyway. Liquidity is good, though, it lessens volatility.