[ANN][AUR] Auroracoin - a cryptocurrency for Iceland

[Korporal]

Someone let me know what Bjork's wallet # is. I want to send her all my coins.

[Dexenthes]

At this point, even the creator of aurora coin is worried that the massive amount of speculation and mass-buying will put the coin at major risk when the airdrop comes. It's a fantastic concept, but in order to succeed this coin needs acceptance from Icelanders, and at the rate we're going that is highly unlikely given that the Icelandic Krona currency fluctuates as much as this one does.

Every dog has his day. . .

[MineOncloud]

Hello,

We have add auroracoin pool

Main website is in building www.mineoncloud.com

Pool URL : https://aur.mineoncloud.com

SSL – protect DDOS – Hq server - 0% Fees

Other pool: Takeicoin - Mazacoin - Murraycoin and other comming soon ....



 
Happy mining.

[pjviitas]

So you're telling me all I need to do to make a ton of money is:

• Create a clone coin.
• Set it to low reward/high difficulty.
• Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
• Get the coin onto an exchange/CoinMarketCap.
• Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
• Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

In 2008 Iceland experienced the following:
-All 3 national banks failed
-Their currency halved in value

I think that people are hoping that Auroracoin will be the first case of a country with currency problems adopting a cryto-currency over its fiat currency.

If it works it will pave the way for other countries with currency problems to do the same thing.

Auroracoin may do for a country what Bitcoin did for the world and I think people just want to be part of it.

[FrictionlessCoin]

So you're telling me all I need to do to make a ton of money is:

• Create a clone coin.
• Set it to low reward/high difficulty.
• Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
• Get the coin onto an exchange/CoinMarketCap.
• Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
• Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

In 2008 Iceland experienced the following:
-All 3 national banks failed
-Their currency halved in value

I think that people are hoping that Auroracoin will be the first case of a country with currency problems adopting a cryto-currency over its fiat currency.

If it works it will pave the way for other countries with currency problems to do the same thing.

Auroracoin may do for a country what Bitcoin did for the world and I think people just want to be part of it.

If you want a coin that has serious potential...  MazaCoin...   Official coin of a sovereign Indian nation.

Think about it,  in the U.S. , Indian reservations have their own sovereignty like other nations.  In short,  this a coin that is official!   

It's not some wanna be gimmick like Auroracoin... anybody can make the claim... let's airdrop to X country.

[Lloydie]

The Lakota people are not a sovereign nation yet. Also they have no national ids.

[P2PHash]

Hi guys, I'me setting up a new p2pool
Address: aur.p2phash.com

Could some of you try to connect to it, I'd like to test what kind of load my server can handle. Since it's p2pool you won't loose any shares coming from another p2pool and local hashrate doesn't impact your earnings
Low fee: 0.5%
Location: Switzerland

[makishart]

P2POOL node JUST LAUNCHED!!!
no registration required!

join our node!!
http://aur.gr2pool.eu:12347/static/

located in EU

[FreeJack2k2]

The problem I'm having with this whole thing, much as I love the concept in principle and want to see it succeed, is that the infrastructure isn't in place AT ALL in Iceland for this to be widely adopted as a regular currency. There need to be payment processors and point of sale systems in place and there desperately need to be mobile wallets.

If I were an Icelander, I would be SORELY tempted to cash out for the free money and a thank you very much to the rest of the world, for their economic stimulus. At the very least, if I were aware of Bitcoin, I'd move it immediately into Bitcoin...which DOES have growing infrastructure.

I am not that familiar with what public sentiment is like in Iceland regarding their currency or their government. The site makes it sound pretty bad and so if that feeling is pervasive among all Icelanders, then maybe they'll welcome the chance to ditch their government-issued currency and switch to this. It's a major risk though.

Let's not forget, too, that this coin is being inflated by speculators who are very likely to dump like there's no tomorrow on the eve of the airdrop, or in the days leading up to it. They're pushing it up due to the excitement and hype, because it's easy to drive the markets that way...as Bitcoin has proven. But I think it is VERY likely that a major sell-off is going to happen before it gets distributed to Icelanders.

This might then cause a nice little boom to Bitcoin prices, as the money moves back in from Auroracoin.

[pjviitas]

So you're telling me all I need to do to make a ton of money is:

• Create a clone coin.
• Set it to low reward/high difficulty.
• Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
• Get the coin onto an exchange/CoinMarketCap.
• Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
• Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

In 2008 Iceland experienced the following:
-All 3 national banks failed
-Their currency halved in value

I think that people are hoping that Auroracoin will be the first case of a country with currency problems adopting a cryto-currency over its fiat currency.

If it works it will pave the way for other countries with currency problems to do the same thing.

Auroracoin may do for a country what Bitcoin did for the world and I think people just want to be part of it.

If you want a coin that has serious potential...  MazaCoin...   Official coin of a sovereign Indian nation.

Think about it,  in the U.S. , Indian reservations have their own sovereignty like other nations.  In short,  this a coin that is official!   

It's not some wanna be gimmick like Auroracoin... anybody can make the claim... let's airdrop to X country.

This is actually a great idea.

If first nations peoples did this I would use the coin every time I went to the reserve to buy cigarettes, gas or sit down for a tasty meal of Walleye.

On top of this, first nations could leverage crypto-currencies to run their own economies without having to deal with headaches from government.

[Lloydie]

The problem I'm having with this whole thing, much as I love the concept in principle and want to see it succeed, is that the infrastructure isn't in place AT ALL in Iceland for this to be widely adopted as a regular currency. There need to be payment processors and point of sale systems in place and there desperately need to be mobile wallets.

If I were an Icelander, I would be SORELY tempted to cash out for the free money and a thank you very much to the rest of the world, for their economic stimulus. At the very least, if I were aware of Bitcoin, I'd move it immediately into Bitcoin...which DOES have growing infrastructure.

I am not that familiar with what public sentiment is like in Iceland regarding their currency or their government. The site makes it sound pretty bad and so if that feeling is pervasive among all Icelanders, then maybe they'll welcome the chance to ditch their government-issued currency and switch to this. It's a major risk though.

Let's not forget, too, that this coin is being inflated by speculators who are very likely to dump like there's no tomorrow on the eve of the airdrop, or in the days leading up to it. They're pushing it up due to the excitement and hype, because it's easy to drive the markets that way...as Bitcoin has proven. But I think it is VERY likely that a major sell-off is going to happen before it gets distributed to Icelanders.

This might then cause a nice little boom to Bitcoin prices, as the money moves back in from Auroracoin.

Same goes for bitcoin, in which case don't invest your money in this or bitcoin. 

[Lloydie]

So you're telling me all I need to do to make a ton of money is:

• Create a clone coin.
• Set it to low reward/high difficulty.
• Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
• Get the coin onto an exchange/CoinMarketCap.
• Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
• Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

In 2008 Iceland experienced the following:
-All 3 national banks failed
-Their currency halved in value

I think that people are hoping that Auroracoin will be the first case of a country with currency problems adopting a cryto-currency over its fiat currency.

If it works it will pave the way for other countries with currency problems to do the same thing.

Auroracoin may do for a country what Bitcoin did for the world and I think people just want to be part of it.

If you want a coin that has serious potential...  MazaCoin...   Official coin of a sovereign Indian nation.

Think about it,  in the U.S. , Indian reservations have their own sovereignty like other nations.  In short,  this a coin that is official!   

It's not some wanna be gimmick like Auroracoin... anybody can make the claim... let's airdrop to X country.

This is actually a great idea.

If first nations peoples did this I would use the coin every time I went to the reserve to buy cigarettes, gas or sit down for a tasty meal of Walleye.

On top of this, first nations could leverage crypto-currencies to run their own economies without having to deal with headaches from government.

Me too. But first, how to prevent fraud of people claiming multiple amounts of the coin when it is airdropped? If you can fix this problem,I'll invest.

[FreeJack2k2]

The problem I'm having with this whole thing, much as I love the concept in principle and want to see it succeed, is that the infrastructure isn't in place AT ALL in Iceland for this to be widely adopted as a regular currency. There need to be payment processors and point of sale systems in place and there desperately need to be mobile wallets.

If I were an Icelander, I would be SORELY tempted to cash out for the free money and a thank you very much to the rest of the world, for their economic stimulus. At the very least, if I were aware of Bitcoin, I'd move it immediately into Bitcoin...which DOES have growing infrastructure.

I am not that familiar with what public sentiment is like in Iceland regarding their currency or their government. The site makes it sound pretty bad and so if that feeling is pervasive among all Icelanders, then maybe they'll welcome the chance to ditch their government-issued currency and switch to this. It's a major risk though.

Let's not forget, too, that this coin is being inflated by speculators who are very likely to dump like there's no tomorrow on the eve of the airdrop, or in the days leading up to it. They're pushing it up due to the excitement and hype, because it's easy to drive the markets that way...as Bitcoin has proven. But I think it is VERY likely that a major sell-off is going to happen before it gets distributed to Icelanders.

This might then cause a nice little boom to Bitcoin prices, as the money moves back in from Auroracoin.

Same goes for bitcoin, in which case don't invest your money in this or bitcoin. 

Apples and oranges. Bitcoin is held globally. The market cap and price for Auroracoin is being determined by a market that holds a tiny percentage of the 'float' right now. When the rest of that float reaches the hands of those it was created for, THAT is when you'll see the market determine its true price.

[Lloydie]

for some reason i just get the feeling this is going to get nasty at some stage before the airdrop! i can understand why they would want to adopt it as their currency and i can really see allot of people wanting to use it but untill the infrastructure is in place so people can for example pay their bills/taxes buy food AND cash in and out of krona then cant dont see it being widely used! and the infrastructure wont just get built in the hope it gets adopted.. its a catch 22 situation.. no adoption until the infrastructure is in place and no infrastructure until its adopted... :/ i think it is more likely that nxt becomes a global currency before iceland adopts AUR.

Not really. Icelanders can convert AUR to USD. Something they can't do with their own currency. I see demand for AUR rising. The bright sparks with the mullah will be buying up, or at least I think they will.

[DaFockBro]

Why don't people wait until after the massive sell-off to buy into this?  I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.


At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.  

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

[Lloydie]

The problem I'm having with this whole thing, much as I love the concept in principle and want to see it succeed, is that the infrastructure isn't in place AT ALL in Iceland for this to be widely adopted as a regular currency. There need to be payment processors and point of sale systems in place and there desperately need to be mobile wallets.

If I were an Icelander, I would be SORELY tempted to cash out for the free money and a thank you very much to the rest of the world, for their economic stimulus. At the very least, if I were aware of Bitcoin, I'd move it immediately into Bitcoin...which DOES have growing infrastructure.

I am not that familiar with what public sentiment is like in Iceland regarding their currency or their government. The site makes it sound pretty bad and so if that feeling is pervasive among all Icelanders, then maybe they'll welcome the chance to ditch their government-issued currency and switch to this. It's a major risk though.

Let's not forget, too, that this coin is being inflated by speculators who are very likely to dump like there's no tomorrow on the eve of the airdrop, or in the days leading up to it. They're pushing it up due to the excitement and hype, because it's easy to drive the markets that way...as Bitcoin has proven. But I think it is VERY likely that a major sell-off is going to happen before it gets distributed to Icelanders.

This might then cause a nice little boom to Bitcoin prices, as the money moves back in from Auroracoin.

Same goes for bitcoin, in which case don't invest your money in this or bitcoin. 

Apples and oranges. Bitcoin is held globally. The market cap and price for Auroracoin is being determined by a market that holds a tiny percentage of the 'float' right now. When the rest of that float reaches the hands of those it was created for, THAT is when you'll see the market determine its true price.

Right now, AUR is totally global.

[FrictionlessCoin]

Why don't people wait until after the massive sell-off to buy into this?  I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.


At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.  

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

Interesting.... that's a lot of free money.

[FreeJack2k2]

Right now, AUR is totally global.

INTEREST in Auroracoin is global. The majority of the coin is not even in circulation yet. How can you think that the market has accurately determined a value when the vast majority of the coin is not in anyone's hands, to be used/traded?

[D05GTO]

Yep, it's global.

Sign up to the Atomic Trade Exchange.  It's the only exchange that has AUR/USD trading.  Verification is also very quick.  If you want to buy in USD, that's the place to be!


USA  Exchange Https://www.Atomic-Trade.com

[Lloydie]

Why don't people wait until after the massive sell-off to buy into this?  I think it's a great idea, it's just absolute retarded madness to be buying in prior to the airdrop.


At the current price, every single citizen of Iceland will be given $1758 worth of Auroracoin for free during the airdrop.  

There will be a massive crash in price as many Icelanders make the rational decision to immediately cash out their $1758.

No. I think they will immediately try to cash out 10% to 50% (provided they figure out how to do it), most likely around 20%. Most will buy bitcoin with it. Others in Iceland will be buying it up like crazy to exit krona and convert to usd. As AUR rises relative to krona, I think people will switch to hold or accumulation.