AURORACOIN - Empowering Financial Freedom

[leigh2k14]

I sent 235 AUR from bittrex to my wallet about 30 mins ago and they haven't shown up as of yet. The address is correct: AeFyPhmJGEuUtwfgBu8Gt661ABVHjuHZSY

But the TXID doesn't show anything on the block explorer: 2e0ab533a4620dabc67b5cabf89a01a119a37335a5d6ce3ed0811c1b118a9bb7

All my AUR transfers have been pretty much instantaneous except for this one.

Anyone have any idea what's happened?

Never mind it turned up an hour later. 

[soltantgris]

Very interesting question from Hlyn­ur Þór Björns­son related to the soon-to-be opened icelandic exchange.  I wonder the same thing for a while.

http://auroraspjall.is/viewtopic.php?f=13&t=295&p=1081#p1081

by Dinobotta » 28 Nov 2015 09:45

Isx.is is opening up for ISK/AUR trading within Iceland, beta tests will hopefully start next week.

This will open up for some strange market dynamics where Auroracoin will be traded locally for ISK and on foreign exchanges for BTC ~ USD. These two markets will be separated by currency controls in Iceland.

To begin with I think tha the Isx.is ISK price for AUR when calculated via official ISK/USD/BTC price will be on par with foreign exchanges. This will change when the Icelanders that own BTC and can arbitrage the two markets will deplete their BTC funds, unless the currency controls don't hold and Icelanders can freely buy BTC.

The Isx.is market is not open to foreigners because of the currency controls, so this market will have limited supply of freshly mined Auroracoin, given that miners are mostly foreigners. The supply will be more or less Airdroped coins and the demand will be driven by Icelanders interested in giving Auroracoin a chance. While foreign markets are driven by miners and foreign speculators.

Any ideas how this will play out?

Interesting thoughts.

How harsh are these capital/currency controls? Is it possible to acquire digital goods like steam credits, gift cards, etc inside Iceland and sell them abroad for AUR?

Another thought: shouldn't there be large AUR holdings inside Iceland resulting from the airdrop?

In sum, I can't imagine the capital controls being so tight that it wont be possible to sync those markets. AUR/BTC (outside Iceland) and ISK/AUR (on isx.is) should be small enough to allow for that. It's just a hunch, though. Yeah, there will likely be some kind of price difference one way or the other reflecting some sort of friction or imbalances, but I'm guessing not more than 10% and probably pretty constant over time.

I fully agree with such ideas.  Market will take care of itself, and IS gvnmt won't be able to monitor every transaction in and out people's wallet.  But my understanding is, it is difficult for an iceland citizen to buy stuff outside borders. 

For the amount of AUR from the airdrop, I think it is pretty high.  Can't wait to witness this exchange opening and how it will impact the market.

[Conqueror]

Very interesting question from Hlyn­ur Þór Björns­son related to the soon-to-be opened icelandic exchange.  I wonder the same thing for a while.

http://auroraspjall.is/viewtopic.php?f=13&t=295&p=1081#p1081

by Dinobotta » 28 Nov 2015 09:45

Isx.is is opening up for ISK/AUR trading within Iceland, beta tests will hopefully start next week.

This will open up for some strange market dynamics where Auroracoin will be traded locally for ISK and on foreign exchanges for BTC ~ USD. These two markets will be separated by currency controls in Iceland.

To begin with I think tha the Isx.is ISK price for AUR when calculated via official ISK/USD/BTC price will be on par with foreign exchanges. This will change when the Icelanders that own BTC and can arbitrage the two markets will deplete their BTC funds, unless the currency controls don't hold and Icelanders can freely buy BTC.

The Isx.is market is not open to foreigners because of the currency controls, so this market will have limited supply of freshly mined Auroracoin, given that miners are mostly foreigners. The supply will be more or less Airdroped coins and the demand will be driven by Icelanders interested in giving Auroracoin a chance. While foreign markets are driven by miners and foreign speculators.

Any ideas how this will play out?

Interesting thoughts.

How harsh are these capital/currency controls? Is it possible to acquire digital goods like steam credits, gift cards, etc inside Iceland and sell them abroad for AUR?

Another thought: shouldn't there be large AUR holdings inside Iceland resulting from the airdrop?

In sum, I can't imagine the capital controls being so tight that it wont be possible to sync those markets. AUR/BTC (outside Iceland) and ISK/AUR (on isx.is) should be small enough to allow for that. It's just a hunch, though. Yeah, there will likely be some kind of price difference one way or the other reflecting some sort of friction or imbalances, but I'm guessing not more than 10% and probably pretty constant over time.

I fully agree with such ideas.  Market will take care of itself, and IS gvnmt won't be able to monitor every transaction in and out people's wallet.  But my understanding is, it is difficult for an iceland citizen to buy stuff outside borders. 

For the amount of AUR from the airdrop, I think it is pretty high.  Can't wait to witness this exchange opening and how it will impact the market.

Yes, it will be interesting experiment to observe!

[Bimmerhead]

A reminder that the in-person Auroracoin-trading website Skiptum.is is open for listings.

[Bimmerhead]

Hi guys

 I'm proud to announce that I will be taking Auroracoin to the 2015 Learning Man New years Eve Festival in South Africa. http://learningman.co.za/

350 people will camp together for 8 days and use an alternative currency called talents to create a shared knowledge economy and an eco village at the same time.

I will be promoting auroracoin with an auroracoin tent, a daily educational workshop and 350 paper wallets ready to be loaded with auroracoin.

Congrats to everyone on the Auroracoin team for making it this far you guys deserve a merry festive season and a happy new year in 2016.

Auros to the moon!

Adam, what do you know about the remittance industry between South Africa and Mozambique? I see from this article that remittance channel has the 2nd highest fees in the world at 22%: http://www.theguardian.com/global-development/2014/aug/18/global-remittance-industry-choking-billions-developing-world

[Skarfur]

Hi guys

 I'm proud to announce that I will be taking Auroracoin to the 2015 Learning Man New years Eve Festival in South Africa. http://learningman.co.za/

350 people will camp together for 8 days and use an alternative currency called talents to create a shared knowledge economy and an eco village at the same time.

I will be promoting auroracoin with an auroracoin tent, a daily educational workshop and 350 paper wallets ready to be loaded with auroracoin.

Congrats to everyone on the Auroracoin team for making it this far you guys deserve a merry festive season and a happy new year in 2016.

Auros to the moon!

Adam, what do you know about the remittance industry between South Africa and Mozambique? I see from this article that remittance channel has the 2nd highest fees in the world at 22%: http://www.theguardian.com/global-development/2014/aug/18/global-remittance-industry-choking-billions-developing-world

These numbers are absolutely crazy. No wonder these companies are afraid of cryptocurrencies.

[Skarfur]

I just posted on auroraspjall.is some images and description from the exchange that we will open up for beta test in the next days.

Those who are interested can check it out here.
http://auroraspjall.is/viewtopic.php?f=9&t=10&p=1085#p1085

[molecular]

I just posted on auroraspjall.is some images and description from the exchange that we will open up for beta test in the next days.

Those who are interested can check it out here.
http://auroraspjall.is/viewtopic.php?f=9&t=10&p=1085#p1085

Cool shit, bro, it looks really great!

One question: I understand foreigners cannot get an account. Will it be possible for us to somehow observe market price, order book, etc? In other words: will you offer a datafeed for bitcoincharts, bitcoinwisdom,...?

[rocanonz]

I just posted on auroraspjall.is some images and description from the exchange that we will open up for beta test in the next days.

Those who are interested can check it out here.
http://auroraspjall.is/viewtopic.php?f=9&t=10&p=1085#p1085

The exchange layout looks amazing!
Great job and congratulations to the team involved in the exchange AUR/ISK project.
The quality of design speaks for itself, about the professional level of those involved.

[Skarfur]

I just posted on auroraspjall.is some images and description from the exchange that we will open up for beta test in the next days.

Those who are interested can check it out here.
http://auroraspjall.is/viewtopic.php?f=9&t=10&p=1085#p1085

Cool shit, bro, it looks really great!

One question: I understand foreigners cannot get an account. Will it be possible for us to somehow observe market price, order book, etc? In other words: will you offer a datafeed for bitcoincharts, bitcoinwisdom,...?

Of course. 

Everyone can get the market overview on the front page which includes the last 5 trades, the current 5 open offers for both buy and sell sides along with a price development chart. You can also open the orderbook and see there the top buy and sell orders along with a market depth chart. So it's easy for everyone to follow how the market is evolving.

Another thing is that we have a complete API for the exchange and everything that is related to the market info is open for anyone to use. Only account specific calls require an API key.

[Skarfur]

I just posted on auroraspjall.is some images and description from the exchange that we will open up for beta test in the next days.

Those who are interested can check it out here.
http://auroraspjall.is/viewtopic.php?f=9&t=10&p=1085#p1085

The exchange layout looks amazing!
Great job and congratulations to the team involved in the exchange AUR/ISK project.
The quality of design speaks for itself, about the professional level of those involved.

Thanks rocanonz!

It's always good to get a compliment on your work, especially on projects that you have put so much effort on like this exchange.

[LTEX]

And we're just warming up! 

[Conqueror]

And we're just warming up! 

That's the spirit I want to see!
Don't just read about AUR.
Buy lot and hype as mental

[molecular]

I just posted on auroraspjall.is some images and description from the exchange that we will open up for beta test in the next days.

Those who are interested can check it out here.
http://auroraspjall.is/viewtopic.php?f=9&t=10&p=1085#p1085

Cool shit, bro, it looks really great!

One question: I understand foreigners cannot get an account. Will it be possible for us to somehow observe market price, order book, etc? In other words: will you offer a datafeed for bitcoincharts, bitcoinwisdom,...?

Of course. 

Everyone can get the market overview on the front page which includes the last 5 trades, the current 5 open offers for both buy and sell sides along with a price development chart. You can also open the orderbook and see there the top buy and sell orders along with a market depth chart. So it's easy for everyone to follow how the market is evolving.

Another thing is that we have a complete API for the exchange and everything that is related to the market info is open for anyone to use. Only account specific calls require an API key.

Awesome... looking forward to observe that market.

[soltantgris]

Good work indeed, well done Petur (and others involved). I know you guys invested time and money on this project - and i'm confident it will be a success.

[Conqueror]

this coin have everything it  needs and more. only the name must be refurbished a bit, let people forgot about initial pump and dump

[Conqueror]

anybody able to withdraw more than 200-300 coins per session from Craptsy?

[molecular]

anybody able to withdraw more than 200-300 coins per session from Craptsy?

I switched to bittrex

[wildduck]

Yes me too, cryptsy has problems with witdrawing coins, i`m waiting form my btc for 30 hours.

[Skarfur]

anybody able to withdraw more than 200-300 coins per session from Craptsy?

I switched to bittrex

Switched to Bittrex as well but about a week ago I sold some leftover coins I had on Cryptsy and bought some AUR and it took me 7 withdrawal attempts to get all the AUR out as I would only get 6-900 coins in each withdrawal. I guess you only get what is in their hot wallet at each time which is a percentage (my guess 5-15%) of what they have in total. So that you are only getting 200-300 coins in each withdrawal means that Cryptsy has very little Auroracoins left. People are moving to Bittrex.