k here is the final draft.
thanks to those who contributed.
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Hello learning man
I would like you to accept the gift of a new dawn.
The Latin word for Dawn is AURORA!
I have given you one aurora coin for you to cherish for ever.
If you would like to see data on what your coin is worth simply type the public crypto-code for your coin into the search bar @
https://bitinfocharts.com/auroracoin/If you have lost the crypto-codes to your coin or your coin data does not show up simply request that we resend you the two keys for your coin.
Your coin comes with two crypto-graphic codes, one private and one public.
The public code is the shortest, its like a postal address, its the address people need when they send you aurora coins.
The private code is like the key to your bank vault where your coin is stored. Only you should have that key. Banks also keep a copy of that key if its a physical vault but this is a digital vault protected by a code that only you have.
I have a copy of your private code because it grants access to a bank vault that I created and I want to make sure it's still accessible to you even if you lose your key. your bank would have a back up key but there is no bank here, its just me and you and a computer network in Iceland.
So there's no bank?
Nope.
So who controls its supply?
A decentralized network of computers that all vote democratically on decisions of supply. Currently 4000 new coins are supplied every day. How ever there is a finite amount of 12 million coins left to be supplied but the flow of these coins will gradually become less and less making the coins harder to acquire and more rare over time.
Who gets those new coins?
the computers in the network who spent mass amounts of computer power to record all the monetary transactions in the auroracoin network plus generate codes that are strong enough to secure private digital bank accounts like the one you possess share the new supply of coins.
So who backs the coin?
People who want a currency free from the control of any centralized group.
What are the benefits of having a currency free from a centralized group?
- You can pay for goods and services instantly without the need for interference, regulation or classified information.
- Your monetary transactions cannot be taxed or followed.
- You can create and send private bank accounts to friends and family with a simple sms for free.
- you can raise money for your projects from a crowd of like minded individuals.
-you can make an income online working internationally, being paid in a universal currency that cannot be taxed when you make an income.
-you can buy a share in your bank by connecting a computer to the auroracoin network and exchange computer power for more currency.
But most of ALL
When you buy goods and services with Aurora coin you exclude the toxic war currency of the dollar and its derivatives such as the rand.
Aurora coin network computers based in Iceland are powered by geothermal energy making this coin and environmentally friendly coin.
So there are no bankers?
Not quite. The currency is maintained by a network of computers and users that give it value. The computers are owned by a mix of individuals and companies who are motivated by profit to maintain the currencies network.
Furthermore these individuals who are heavily invested for profit go beyond the realm of what exists and actively develop technology that makes the currency more user friendly. When the currency was born it was maintained by a small network of computers with very little access for the average consumer. As time has passed, a core group of technology developers have organized and contribute most of their developments as open source technology to be used freely by consumers.
Lastly there is an Auroracoin foundation that is a group of mostly Icelandic individuals who are interested solely with the currencies adoption in Iceland and maintain dialogue with government, corporates, and the public about the adoption of Auroracoin as the working currency of Iceland.
So to answer your question are there bankers?
yes, instead of killing the bankers, we are making more bankers but this time the people have the chance to become the banker by joining a network of people scattered across the globe dedicating their computing power to the network or simply using the coin as an international currency.
The gift of the new dawn is the realization that YOU are the banker when you decide to hold on to this coin and that the power is now in your hands to create a clean economy with a currency that is truly liberating.
Wake up to a new dawn and buy your goods and services with a decentralized currency like Auroracoin.
Visit our Facebook page below for more info:
https://www.facebook.com/auroracoins/?ref=ts&fref=tsor follow us on Twitter account: CoinAurora