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Author Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland  (Read 503362 times)
Honeypot
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February 28, 2014, 08:53:44 PM
 #1201

The idea sounds great, but and an OP with 32 posts holding 50 million coins saying don't worry I'll make sure everyone in the country gets some.






This is going to be the biggest dev heist in altcoin history.  Suckers born every day, but to think that you guys are actually falling for an 'anonymous' country distribution charity scheme is....absolutely beyond me.

He's sitting on over $6x million dollars free and clear thanks to you tards.

You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol

Micro selling. What exactly did he pay relative to potential profits in terms of gathering those 10.5 million coins?

He can micro sell them for 0.00005 each in small amounts every day since it came out and still come out with more then enough money to cover a down payment for another house.

All for relatively very small amount of time.

Dev at least must answer some really realistic questions about this coin. What accountability is there that this will happen as he says?  
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serje
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February 28, 2014, 08:55:35 PM
 #1202


You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol


I'm sure that he is more afraid of us to move the coins! because I think he know that he he moves 1 AUR everyone will panic sell!

I'm pretty sure that by now there are a few geeks that are monitoring all the addresses he made public and at his first try to move a coin every pool will stop mining so his transaction won't get  processed and panic sell will begin!
Barthy
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February 28, 2014, 08:56:52 PM
 #1203

We have established strong EU server. Feel free to join us https://cryptoworld.eu/aur/eng/index , Low ping = less rejected! And we have 0% fee. Enjoy

Cryptoworld.eu | LTC | FTC | NVC | Stratum | 0% fee | notify | stats | less than 1% stale/invalid | support&community
NutMasterTardd
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February 28, 2014, 08:56:58 PM
 #1204

The idea sounds great, but and an OP with 32 posts holding 50 million coins saying don't worry I'll make sure everyone in the country gets some.






This is going to be the biggest dev heist in altcoin history.  Suckers born every day, but to think that you guys are actually falling for an 'anonymous' country distribution charity scheme is....absolutely beyond me.

He's sitting on over $6x million dollars free and clear thanks to you tards.

Yep cos the community won't notice 50 million coins hitting the market..

Logical thinking, there are hundreds of ways this could go wrong, but if it goes the right way then it's Bitcoin 2.0


You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol


I'm sure that he is more afraid of us to move the coins! because I think he know that he he moves 1 AUR everyone will panic sell!

I'm pretty sure that by now there are a few geeks that are monitoring all the addresses he made public and at his first try to move a coin every pool will stop mining so his transaction won't get  processed and panic sell will begin!

Exactly!
Honeypot
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February 28, 2014, 08:57:24 PM
 #1205


You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol


I'm sure that he is more afraid of us to move the coins! because I think he know that he he moves 1 AUR everyone will panic sell!

I'm pretty sure that by now there are a few geeks that are monitoring all the addresses he made public and at his first try to move a coin every pool will stop mining so his transaction won't get  processed and panic sell will begin!

The delusions....

flipstyle
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February 28, 2014, 08:58:29 PM
 #1206


 What accountability is there that this will happen as he says?  

Absolutely zero.

Which is the beauty of bitcoins and alts.  You can be an anonymous troll on the interwebs and offer the blind sheeple a mansion on the hill, and there will still be hoards of people dumb enough to buy into it.  All without so much as even letting them know your first name.  And the people will even buy into the cult mentality so hard that they vehemently defend the OP and his intentions without even knowing a single thing about him.


Just when I think I've seen people dumb enough to fall for the most transparent ipo schemes in history, something new comes along on this forum the next day that makes me remember that nothing is beyond the realm of disbelief.
solid12345
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February 28, 2014, 09:02:20 PM
 #1207

All without so much as even letting them know your first name.  And the people will even buy into the cult mentality so hard that they vehemently defend the OP and his intentions without even knowing a single thing about him.

And again, how is Satoshi any different?
crypto era
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February 28, 2014, 09:04:08 PM
 #1208

All without so much as even letting them know your first name.  And the people will even buy into the cult mentality so hard that they vehemently defend the OP and his intentions without even knowing a single thing about him.

And again, how is Satoshi any different?
He didn't have half of the coins.

BTC/XCP: 1AYnhd2aEJj1NGJMbj8d9mSs6GmPCQPL6U
NutMasterTardd
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February 28, 2014, 09:05:16 PM
 #1209

The idea sounds great, but and an OP with 32 posts holding 50 million coins saying don't worry I'll make sure everyone in the country gets some.






This is going to be the biggest dev heist in altcoin history.  Suckers born every day, but to think that you guys are actually falling for an 'anonymous' country distribution charity scheme is....absolutely beyond me.

He's sitting on over $6x million dollars free and clear thanks to you tards.

You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol

Who's to say he's dumping it all at once?

This is purely a 'blind sheeple' experiment where he's asking a bunch of lemmings to put faith into an anonymous investor honeypot all on the hopes a faceless guy on the internet has all intentions of being a philanthropic saint.

AHAHAHAHAA. Man, the investors/miners in the alt industry never cease to amaze me.  No wonder scams from mt gox on down are so damn successful.  You guys will believe absolutely anything.



brb making Zombobewecoin, cuz you know...I just wanna help 'em out.

If he even moves 1 AUR, people will see it and sell. I don't understand what's so hard about this, I've already made 200% profit and holding the rest for speculation, I don't even care anymore :L

But if this is a sincere thing and everything goes to plan it could do some good.
smc259
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February 28, 2014, 09:12:02 PM
 #1210

First of all, what is P2Pool?
P2Pool is one huge, peer-to-peer pool based on the original coin protocol.
 
How does it work?
Miners connect to "Nodes" and all of the P2Pool "Nodes" connect to each other, forming one big pool. 

What are the advantages? 
  • Your mined coins will be deposited directly into your wallet, they are never held by any pool "operator" and cannot be lost due to incompetence or fraudulent behavior.
  • You will get better rewards: P2Pools award transaction fees from black rewards to the miners.
  • P2Pool is DDoS resistant, it is impossible to DDoS the entire peer-to-peer P2Pool network, at best all someone can do is knock a node offline, in which case your client will just switch to one of your failover nodes.
  • You do not have to register on any pool sites, etc. all you need is a Vertcoin address which you will use as your username, and your rewards will be paid directly into your wallet.
  • Most P2Pool nodes have <1% fees, and if you want 0% fees, you can even set up your own node on your local network.
  • Even if the node you are using goes down, you will not lose a single micro payment, as the network itself stores your pending rewards, and will distribute them to you as normal.

Are there any disadvantages? 
  • It's not really a disadvantage, but it takes longer for you to receive useable coins as they have to mature in the blockchain before they can be awarded to you. Don't panic if you don't receive your rewards quickly, they will arrive! 

Here's a few bits of info you should know about P2Pool before you start looking for nodes:
  • It is normal to receive high rejection rates on P2Pool, P2Pool generates work a lot faster than regular pools and as a result you are going to end up with stale shares. All you need to do is ensure your current Reject % is equal to or lower than the P2Pool network average. (currently 24% rejects is the average). Having a reject rate lower than the average will allow you to profit off of other people's rejected shares. (Even more rewards, yay!)
  • Your latency to your node matters a lot. High latency means you will have a higher reject rate. When you're looking for nodes you want to ensure that your ping is low.
  • If you connect to a node with no miners currently using it (or a very small number) you will receive massive numbers of HW errors. Don't panic! This is because when a node first starts up, it sets the share difficulty to 0, after 1-2 minutes it will auto-adjust and you will stop receiving HW errors.

Credit to /u/AwesomezGuy for that post. It is super informative!
 
Shameless Plug
My dedicated US P2Pool node: http://aur.crewdoginvesting.com:12347/static/ 
    To mine just use -o aur.crewdoginvesting.com:12347 -u YourWallet address -p x 


Features:
  • Low 1% fee
  • Super fast servers
  • Beautiful customized front end
  • Low ping
solid12345
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February 28, 2014, 09:12:47 PM
 #1211

He didn't have half of the coins.

No but he owns roughly 1/21 of them, not even the richest man in the world holds CLOSE to 1/21th of any fiat currency.
CtrlAltDefeated
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February 28, 2014, 09:15:17 PM
 #1212

http://i.imgur.com/Z1H9oQS.png
Mine some Auroracoin with us!
Payout: Prop
Vardiff
Stratum


registrations open!

aur.ctrlaltdefeated.us

Please note that while the frontend maybe a bit slow our stratum server is doing fine. We currently have one of the best effeciency rates (99.81%) of any of the larger pools!

hammer1
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February 28, 2014, 09:24:22 PM
 #1213


You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol


I'm sure that he is more afraid of us to move the coins! because I think he know that he he moves 1 AUR everyone will panic sell!

I'm pretty sure that by now there are a few geeks that are monitoring all the addresses he made public and at his first try to move a coin every pool will stop mining so his transaction won't get  processed and panic sell will begin!

The delusions....



 What accountability is there that this will happen as he says?  

Absolutely zero.

Which is the beauty of bitcoins and alts.  You can be an anonymous troll on the interwebs and offer the blind sheeple a mansion on the hill, and there will still be hoards of people dumb enough to buy into it.  All without so much as even letting them know your first name.  And the people will even buy into the cult mentality so hard that they vehemently defend the OP and his intentions without even knowing a single thing about him.


Just when I think I've seen people dumb enough to fall for the most transparent ipo schemes in history, something new comes along on this forum the next day that makes me remember that nothing is beyond the realm of disbelief.

Dudes, I tried yesterday, any logic or rationality is met by deluded thoughts and wishcasting and a fundamental misunderstanding of how markets work. "It's going up right now! It'll go up forever!! Iceland will adopt it magically!" They have no answers to actual questions, it's hilarious how deeply the denial runs here. Congrats to everyone who is going to profit from this, but I feel bad for all the suckers who are going to lose big.
etoque
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February 28, 2014, 09:27:13 PM
 #1214

some haters have miss the train Smiley
mineabit
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February 28, 2014, 09:27:56 PM
 #1215

Well people can read i see, this was just received in my inbox:

"and f**k your scam pool motherf**ker ill see you on the streets!!!!"


http://aur.pool.mineabit.com 0.25% fees - prop payout - EU & US stratum servers to choose from
Honeypot
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February 28, 2014, 09:29:39 PM
 #1216

some haters have miss the train Smiley

I did ride the wave of the pumpers and got out with 20%, so not bad Smiley

But really, what guarantee do we have?
NutMasterTardd
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February 28, 2014, 09:29:45 PM
 #1217


You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol


I'm sure that he is more afraid of us to move the coins! because I think he know that he he moves 1 AUR everyone will panic sell!

I'm pretty sure that by now there are a few geeks that are monitoring all the addresses he made public and at his first try to move a coin every pool will stop mining so his transaction won't get  processed and panic sell will begin!

The delusions....



 What accountability is there that this will happen as he says?  

Absolutely zero.

Which is the beauty of bitcoins and alts.  You can be an anonymous troll on the interwebs and offer the blind sheeple a mansion on the hill, and there will still be hoards of people dumb enough to buy into it.  All without so much as even letting them know your first name.  And the people will even buy into the cult mentality so hard that they vehemently defend the OP and his intentions without even knowing a single thing about him.


Just when I think I've seen people dumb enough to fall for the most transparent ipo schemes in history, something new comes along on this forum the next day that makes me remember that nothing is beyond the realm of disbelief.

Dudes, I tried yesterday, any logic or rationality is met by deluded thoughts and wishcasting and a fundamental misunderstanding of how markets work. "It's going up right now! It'll go up forever!! Iceland will adopt it magically!" They have no answers to actual questions, it's hilarious how deeply the denial runs here. Congrats to everyone who is going to profit from this, but I feel bad for all the suckers who are going to lose big.

Nah I bought in because I saw a pump, it was obviously coming. Any crypto you own can be forced down to 0 by someone that has way more than you do and may not ever recover. If this is a real agenda and it happens this will be huge, very unlikely I know.

That's all crypto markets are just huge risks with rewards.
nunya_coin
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February 28, 2014, 09:31:13 PM
 #1218


You really think he'll get that 10m onto an exchange before everybody panic sells and the price drops to 0 because he moved it? lol


I'm sure that he is more afraid of us to move the coins! because I think he know that he he moves 1 AUR everyone will panic sell!

I'm pretty sure that by now there are a few geeks that are monitoring all the addresses he made public and at his first try to move a coin every pool will stop mining so his transaction won't get  processed and panic sell will begin!

The delusions....



If you are really curious you should read the first 20 pages or so of this thread.  It's all been covered, people have raised the same questions you have and OP spent days early on answering.  Could he try to sell the pre-mine?  sure.  He might be able to get a few bitcoins in profit before someone noticed.  The wallets holding the premine are all listed in the OP.  Did you see what happened to PANDA when wolong started emptying the premine wallets?  Same thing *would* happen here.  Total up the standing buy orders on Cryptorush.  If you had just 2000 AUR to dump you'd take the price down to the .005 range and net about 11k USD.  As soon as coins start moving from the premine wallets everyone would know the airdrop was off and the coin value goes to 2 satoshis, just like PANDA.
solid12345
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February 28, 2014, 09:35:50 PM
 #1219


Nah I bought in because I saw a pump, it was obviously coming. Any crypto you own can be forced down to 0 by someone that has way more than you do and may not ever recover. If this is a real agenda and it happens this will be huge, very unlikely I know.

That's all crypto markets are just huge risks with rewards.

Finally the most reasonable answer on here. Face it, NO COIN IS SAFE OR GUARANTEED TO SUCCEED, that's just the nature of it. But what I do find hilarious is how many people here put trust in upfront and open scammers like Wolong yet get suspicious about an anonymous coin developer.
serje
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February 28, 2014, 09:36:28 PM
 #1220

I personally don't need any more explanations from the OP regarding AUR! I just hope he keeps his word!
And another coin that is a bit obscure but I love it is FATE! That dev has an even more strange way to deal with things!
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