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

[LTEX]

Random Insult Of The Day: worthless like AURORA

Noted, but when I will be sitting in a hot tub in Iceland in 3 weeks looking at the real Aurora, I might just convince you on the contrary (again, based upon my own findings) 

Having said that, Might I then also introduce the random insult of the decade? "Worthless like Screechers and Trolls" 

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[illodin]

As i told you.

https://www.cryptsy.com/markets/view/160

Check it again.
That 0.4 candle is gone. Like aurora coin in 4 weeks.

Such vision. Many skills. I wonder how many riches you made armed with that knowledge.

AUR is probably the most exciting coin for cryptos as a whole to come out in a couple years, if not ever.
I hate how people just look at the premine figure and bash away.

Agreed fully. And right from the start my excitement had nothing to do with quick personal gains. But it's not too bad I made ~20 BTC profit and still have a hefty stash to maybe go and have a nice holiday in Iceland someday. Best of both worlds I guess.

[Klacik]

hashrate of Aurora on a serious rise



two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

[crocko]

Random Insult Of The Day: worthless like AURORA

Noted, but when I will be sitting in a hot tub in Iceland in 3 weeks looking at the real Aurora.....

You have too much expectations. Don't sell the fur while the bear is still alive.

[niothor]

As a big and active supporter of this initiative I get many questions from serious forum users why I'm so determined. Well, besides my earlier statements about believing in acting rather than screeching, I would like to suggest you read this post:

http://guardianlv.com/2013/12/icelanders-overthrow-government-and-rewrite-constitution-after-banking-fraud-no-word-from-us-media/

It clarified to mee that if Crytpo would work anywhere, THIS country with it's very special likeminded people would be the place!

Thats why I support the Dev's ideology and am willing to invest a lot of effort and BTC!

And before the screechers jump in to prove I'm mainly in it for a profit, let me spare you're efforts, of course this is a big motivator as well. But I'd rather get it right with this one than all the other coin initiatives, who, IMHO will never be based on a story that can be read in the above article (and you screechers for sure will NOT have read it, that is something i'm starting to become aware of more and more!)

I'm pretty sure Icelanders will be thrilled about a crypto coin that:
a) is bouncing up and down like fiat money
b) depends highly on a centralized trading website , you run from banks and you end up with shady trading websites
c) has no real demand besides trading.

People who run from banks and other financial institution will like this coin a lot. Right now it covers all the bad things in fiat that their national currency does.

When you talk about aur and 99% of the pots are about price , then it's a failure.

First thing should be establishing a localaurora website , so you get rid of a possible mtgox fiasco
Second would be a campaign for shops to accept aurora

And third.... it's too far away to think about it.

[NickPortland]

hashrate of Aurora on a serious rise


two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

Ok, I don't get it.. if price is tanking why are more and more miners focusing on Aurora now?

[Klacik]

hashrate of Aurora on a serious rise


two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

Ok, I don't get it.. if price is tanking why are more and more miners focusing on Aurora now?

i really don't know mate.. it's interesting, isn't it?
ongoing manipulation of market/price of Aur comes to mind.. but that's just my guess

[mashac]

Confirmation time of this coin is really long... I hate the long wait, like most other peoples.

[niothor]

hashrate of Aurora on a serious rise


two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

Ok, I don't get it.. if price is tanking why are more and more miners focusing on Aurora now?

Because hashing rate and price are not that strongly related as some people here like to think.

[balduro]

There will be intense volatility in the price, until the coin becomes useful for other things than speculation. I invite those that are interested in other aspects than price, to join us at http://forum.auroracoin.org

[NickPortland]

hashrate of Aurora on a serious rise


two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

Ok, I don't get it.. if price is tanking why are more and more miners focusing on Aurora now?

Because hashing rate and price are not that strongly related as some people here like to think.

But at current diff and price the coin is massively unprofitable. Even more so with the current declining price trend in mind.

So rationally hashing rate should decrease a lot.

Actually I'd like that, so that difficulty can go down to accessible level and the coin can pick up from there, this time with a slow, healthy growth.


Unless, some individuals, both traders and miners, are hoarding as many coins as they can with rising price expectations.

[LTEX]

Random Insult Of The Day: worthless like AURORA

Noted, but when I will be sitting in a hot tub in Iceland in 3 weeks looking at the real Aurora.....

You have too much expectations. Don't sell the fur while the bear is still alive.

Thanks for the advise! Funny tough you used that last frase, I alway like to turn that into: "Don't hunt for bears if you haven't got any buyers yet"  

[Jollyburner]

As a big and active supporter of this initiative I get many questions from serious forum users why I'm so determined. Well, besides my earlier statements about believing in acting rather than screeching, I would like to suggest you read this post:

http://guardianlv.com/2013/12/icelanders-overthrow-government-and-rewrite-constitution-after-banking-fraud-no-word-from-us-media/

It clarified to mee that if Crytpo would work anywhere, THIS country with it's very special likeminded people would be the place!

Thats why I support the Dev's ideology and am willing to invest a lot of effort and BTC!

And before the screechers jump in to prove I'm mainly in it for a profit, let me spare you're efforts, of course this is a big motivator as well. But I'd rather get it right with this one than all the other coin initiatives, who, IMHO will never be based on a story that can be read in the above article (and you screechers for sure will NOT have read it, that is something i'm starting to become aware of more and more!)

I'm pretty sure Icelanders will be thrilled about a crypto coin that:
a) is bouncing up and down like fiat money
b) depends highly on a centralized trading website , you run from banks and you end up with shady trading websites
c) has no real demand besides trading.

People who run from banks and other financial institution will like this coin a lot. Right now it covers all the bad things in fiat that their national currency does.

When you talk about aur and 99% of the pots are about price , then it's a failure.

First thing should be establishing a localaurora website , so you get rid of a possible mtgox fiasco
Second would be a campaign for shops to accept aurora

And third.... it's too far away to think about it.

you don't understand the difference. this coin is preprogrammed how many it will put out. the problem with fiat is the govts can keep making more whenever they want in most nations.

the reason cryptos are attractive as a wealth storage option is for those people in countries where they are concerned about massive inflation due to dilution of their share of the total currency.

if and when we see cryptos adopted as a mainstream investment and trading / commerce tool, we will start to see more stability. we are in fact still in the early stages of growth for this market, and even the most well established coins still face a lot of volatility.

just believe me when I say in some cases that volatility is preferable to what looks like a guaranteed reduction in value if you happen to live somewhere that is economically fuct. like Iceland. im not saying this is all definitely going to work out, just that the premise and rationale of the supporters arguments are quite valid. in some cases.

[battbot]

buckle your seat-belts guppies.  all aboard the whale-train

[niothor]

hashrate of Aurora on a serious rise


two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

Ok, I don't get it.. if price is tanking why are more and more miners focusing on Aurora now?

Because hashing rate and price are not that strongly related as some people here like to think.

But at current diff and price the coin is massively unprofitable. Even more so with the current declining price trend in mind.

So rationally hashing rate should decrease a lot.

Actually I'd like that, so that difficulty can go down to accessible level and the coin can pick up from there, this time with a slow, healthy growth.


Unless, some individuals, both traders and miners, are hoarding as many coins as they can with rising price expectations.

So based on your assumption , the coin price would have to be -0.005 , right?
That's what hashrate tells us.

Look at bitcoin , hahsrate is 3x times of December while price is 1/2.

Also , there are coin that have been long abandoned , and still get a few MH , people who believe they are the next Satoshi and solo mine.

[Jollyburner]

Also , there are coin that have been long abandoned , and still get a few MH , people who believe they are the next Satoshi and solo mine.

I am the next satoshi!!!!

[Jollyburner]

buckle your seat-belts guppies.  all aboard the whale-train

puppet account? or 12 posts and ur calling bottoms?

[niothor]

As a big and active supporter of this initiative I get many questions from serious forum users why I'm so determined. Well, besides my earlier statements about believing in acting rather than screeching, I would like to suggest you read this post:

http://guardianlv.com/2013/12/icelanders-overthrow-government-and-rewrite-constitution-after-banking-fraud-no-word-from-us-media/

It clarified to mee that if Crytpo would work anywhere, THIS country with it's very special likeminded people would be the place!

Thats why I support the Dev's ideology and am willing to invest a lot of effort and BTC!

And before the screechers jump in to prove I'm mainly in it for a profit, let me spare you're efforts, of course this is a big motivator as well. But I'd rather get it right with this one than all the other coin initiatives, who, IMHO will never be based on a story that can be read in the above article (and you screechers for sure will NOT have read it, that is something i'm starting to become aware of more and more!)

I'm pretty sure Icelanders will be thrilled about a crypto coin that:
a) is bouncing up and down like fiat money
b) depends highly on a centralized trading website , you run from banks and you end up with shady trading websites
c) has no real demand besides trading.

People who run from banks and other financial institution will like this coin a lot. Right now it covers all the bad things in fiat that their national currency does.

When you talk about aur and 99% of the pots are about price , then it's a failure.

First thing should be establishing a localaurora website , so you get rid of a possible mtgox fiasco
Second would be a campaign for shops to accept aurora

And third.... it's too far away to think about it.

you don't understand the difference. this coin is preprogrammed how many it will put out. the problem with fiat is the govts can keep making more whenever they want in most nations.

the reason cryptos are attractive as a wealth storage option is for those people in countries where they are concerned about massive inflation due to dilution of their share of the total currency.

if and when we see cryptos adopted as a mainstream investment and trading / commerce tool, we will start to see more stability. we are in fact still in the early stages of growth for this market, and even the most well established coins still face a lot of volatility.

just believe me when I say in some cases that volatility is preferable to what looks like a guaranteed reduction in value if you happen to live somewhere that is economically fuct. like Iceland. im not saying this is all definitely going to work out, just that the premise and rationale of the supporters arguments are quite valid. in some cases.

Probably you don't understand also something.
The coin is "initially"  programmed. That's the dark side of any crypto. If the devs increase the coins tenfold and enough people follow that chain , that's it.

Same with fiat , if people still use the Zimbabwe dollar , they will still use the x10aur as well.
Look how well the people who invested in doge accepted that there would be twice the amount of coins in the next 10 years.

Also , you're comparing some coins with aurora.
Aurora wasn't supposed to be like the others , if it was a normal project I wouldn't even bother reading this thread.
But they claimed something , and they chose the path of other coins that ended as a failure.

[LTEX]

Also , there are coin that have been long abandoned , and still get a few MH , people who believe they are the next Satoshi and solo mine.

I am the next satoshi!!!!

Welcome to our forum then Satoshi: http://forum.auroracoin.org

[metstijl]

I'm very impressed with this pump and dump coin.
Dev must earned millions.
This is by far the best dump in crypto history.