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

[kkcoin]

auroracoin was made cause icelandic corone has devaluated 99% (or something) in its history and now aurora just made the same!
so ridiculous, i will dump that coin as soon as it goes up, there is no hope, if you ask me.

especially when stage 3 of the airdrop will start and if all coins wont be distributed then, it all starts again.

[gustav]

maybe wait until after airdrop? Because once all airdropcoins are out it won't go much lower. When will the last coin have been airdropped? Do we need to wait another decade? Time so release all airdropcoins, so the market can normalize/stabilize somehow.
It'll also be important to get a dev or two for this coin if Balduro is not there anymore.

[Gemdealer]

any hope for this coin?

Such a great idea and it went to such heady heights,,,,,terrible shame.

[dinobotta]

any hope for this coin?

Such a great idea and it went to such heady heights,,,,,terrible shame.

Wait for the local ISK/AUR exchange before you throw in the towl. Then for the first time Icelanders can buy the coin and  merchants can sell it and hopefully an economy can grow around the coin.

People in Iceland can't buy the coin now because of  currency controls. They can't buy usd and bitcoin to buy the coin.

[niothor]

any hope for this coin?

Such a great idea and it went to such heady heights,,,,,terrible shame.

Wait for the local ISK/AUR exchange before you throw in the towl. Then for the first time Icelanders can buy the coin and  merchants can sell it and hopefully an economy can grow around the coin.

People in Iceland can't buy the coin now because of  currency controls. They can't buy usd and bitcoin to buy the coin.

Oh really?
From where did you get that crap?

Link to a source or get the hell out of here with your lies.

[Bimmerhead]

Wait for the local ISK/AUR exchange before you throw in the towl. Then for the first time Icelanders can buy the coin and  merchants can sell it and hopefully an economy can grow around the coin.

People in Iceland can't buy the coin now because of  currency controls. They can't buy usd and bitcoin to buy the coin.

Oh really?
From where did you get that crap?

Link to a source or get the hell out of here with your lies.

You seem pretty sure of your opinion, maybe you could tell us where Icelanders can buy USD or BTC.

[CoinHeavy]

Does anyone have a timeline of events for the announcement of this second phase of the airdrop?

There is a tweet on the 25th saying that it will occur at midnight.

I've been preoccupied with other projects and I didn't get much response over the last few weeks when I posted here asking if anyone had heard from Baldur lately so I'm just catching up on what's been going on with the second (and now presumably final) airdrop round.

I would be interested in knowing the timeline of announcements/events before jumping to conclusions but a change to 10x with little to no lead time seems a bit odd to me.

Because the hash rate is so low that the coin will certainly need to be ported to a platform like Ethereum actually achieve decentralization.  The current checkpointing system is a form of centralization that is antithetical to the professed goals of the project and the point of cryptocurrency in general.  Due to the geographically limited scope of this coin, it seems unlikely that the network will ever be independently secured by sufficient mining resources.  Operating as a 'colored-coin'esque token on a network that is truly decentralized and secured seems like a reasonable long term solution.  Has anyone else been thinking along these lines?

Perhaps this accelerated airdrop schedule will provide a better opportunity for porting the coin over to Ethereum at/near the launch of the ether mainnet since most/all coins will likely have been claimed by that time.

I'm curious if anyone has a proper timeline of events or any links to the rationale/justification for deviating from the airdrop blueprint.  Is this the work of Baldur or the dev(s) who posted here some time ago saying that they had begun to take over the project?

[gustav]

how many coins in circulation right now?
When will all coins have been airdropped?
What will the number of coins in circulation be once the airdrop is completed?

Can someone please answer? Thank you!

[dinobotta]

any hope for this coin?

Such a great idea and it went to such heady heights,,,,,terrible shame.

Wait for the local ISK/AUR exchange before you throw in the towl. Then for the first time Icelanders can buy the coin and  merchants can sell it and hopefully an economy can grow around the coin.

People in Iceland can't buy the coin now because of  currency controls. They can't buy usd and bitcoin to buy the coin.

Oh really?
From where did you get that crap?

Link to a source or get the hell out of here with your lies.

Last paragraph:
http://www.sedlabanki.is/utgefid-efni/frettir-og-tilkynningar/frettasafn/frett/2014/03/19/Notkun-syndarfjar-getur-fylgt-mikil-ahaetta/

[molecular]

maybe wait until after airdrop? Because once all airdropcoins are out it won't go much lower. When will the last coin have been airdropped? Do we need to wait another decade? Time so release all airdropcoins, so the market can normalize/stabilize somehow.
It'll also be important to get a dev or two for this coin if Balduro is not there anymore.

before 2nd airdrop ~9.4 million AUR where left unclaimed.

2nd airdrop claims so far: 0.5 million AUR, so 8.9 million are still left.

there have been 35429 claims in the first airdrop phase. If we assume the same amount for the second one, the money will all be dropped soon (couple of months).

go ahead, buy then not now

later will be greater.

[molecular]

Does anyone have a timeline of events for the announcement of this second phase of the airdrop?

There is a tweet on the 25th saying that it will occur at midnight.

I've been preoccupied with other projects and I didn't get much response over the last few weeks when I posted here asking if anyone had heard from Baldur lately so I'm just catching up on what's been going on with the second (and now presumably final) airdrop round.

I would be interested in knowing the timeline of announcements/events before jumping to conclusions but a change to 10x with little to no lead time seems a bit odd to me.

Because the hash rate is so low that the coin will certainly need to be ported to a platform like Ethereum actually achieve decentralization.  The current checkpointing system is a form of centralization that is antithetical to the professed goals of the project and the point of cryptocurrency in general.  Due to the geographically limited scope of this coin, it seems unlikely that the network will ever be independently secured by sufficient mining resources.  Operating as a 'colored-coin'esque token on a network that is truly decentralized and secured seems like a reasonable long term solution.  Has anyone else been thinking along these lines?

Perhaps this accelerated airdrop schedule will provide a better opportunity for porting the coin over to Ethereum at/near the launch of the ether mainnet since most/all coins will likely have been claimed by that time.

I'm curious if anyone has a proper timeline of events or any links to the rationale/justification for deviating from the airdrop blueprint.  Is this the work of Baldur or the dev(s) who posted here some time ago saying that they had begun to take over the project?

thanks for your post.

I received no info myself regarding airdrop changes. It's odd, yes. Good or bad in the end? Don't know. Probably good (just not for speculators who worked on false assumptions)

Regarding porting the coin: AUR is hardly about technology. It's a social experiment and yes: I think porting it to some platform like ethereum or whatever makes sense imo. I think this still has a lot of time, though. First let's see if this coin can get some real adoption going.

[molecular]

let me feed you some numbers (from site blockexplorer.auroracoin.eu I run, some numbers are estimates and/or rounded or otherwise slightly unreliable):

how many coins in circulation right now?

mined: 574,525 AUR
airdrop #1: 1,126,642 AUR
airdrop #2: 502,758 AUR

remaining pre-mined coins for airdropping: 10,500,000 - (1,126,642 + 502,758) = 8,870,600 AUR

When will all coins have been airdropped?

unsure, depends on the rate of claims (see http://blockexplorer.auroracoin.eu/claims.2.html for airdrop #2 claim stats). If we assume prior claiming behaviour: in roughly 2-3 months.

What will the number of coins in circulation be once the airdrop is completed?

also unsure. There might be coins remaining which will be dropped (if all goes according to plan) 3 months later.

Can someone please answer? Thank you!

yes, you're welcome

[gustav]

thanks. So we buy this at around 500 sat, right? 

[kkcoin]

aurora still falling.. now at 0,00006300

who ever that genius is, responsible for the idea of a second airdrop with factor 10, he has absolutely NO IDEA about how market regulates itself.

he wont create a greater demand by devaluating a coin, its just stupid.

it doesnt matter how you look at it, it makes no sense at all... bye auroracoin

looks like aur has lost 99,9647% of its worth lololol

what a waste of money and time

[niothor]

Wait for the local ISK/AUR exchange before you throw in the towl. Then for the first time Icelanders can buy the coin and  merchants can sell it and hopefully an economy can grow around the coin.

People in Iceland can't buy the coin now because of  currency controls. They can't buy usd and bitcoin to buy the coin.

Oh really?
From where did you get that crap?

Link to a source or get the hell out of here with your lies.

You seem pretty sure of your opinion, maybe you could tell us where Icelanders can buy USD or BTC.

https://localbitcoins.com/places/12160645/reykjavik-iceland/

[molecular]

aurora still falling.. now at 0,00006300

who ever that genius is, responsible for the idea of a second airdrop with factor 10, he has absolutely NO IDEA about how market regulates itself.

he wont create a greater demand by devaluating a coin, its just stupid.

it doesnt matter how you look at it, it makes no sense at all... bye auroracoin

looks like aur has lost 99,9647% of its worth lololol

what a waste of money and time

sorry for your loss, kkcoin.

if you think the intention of the guy who decided to do a 10x airdrop was to "create demand" or "reach high price", you are mighty naive.

bye kkcoin

[gustav]

aurora still falling.. now at 0,00006300

who ever that genius is, responsible for the idea of a second airdrop with factor 10, he has absolutely NO IDEA about how market regulates itself.

he wont create a greater demand by devaluating a coin, its just stupid.

it doesnt matter how you look at it, it makes no sense at all... bye auroracoin

looks like aur has lost 99,9647% of its worth lololol

what a waste of money and time

sorry for your loss, kkcoin.

if you think the intention of the guy who decided to do a 10x airdrop was to "create demand" or "reach high price", you are mighty naive.

bye kkcoin

i think the intention was to get through with the drop asap which is good. Ok, market will be flooded with coins but once all the coins are out there price can rise to any hights because that sword of the massive amount of airdrop-coins doesn't hang over the market anymore. I'd suggest: buy later when there are plenty. After airdrop is completed it's going to take a few weeks and we see price rise again. That's going to be pretty crazy.
I think it is a very good decision to speed up the airdrop. The alternative could have been to destroy the coins which would have been a bit better but nobody thought of that probably.

[smalltimer]

i think the intention was to get through with the drop asap which is good. Ok, market will be flooded with coins but once all the coins are out there price can rise to any hights because that sword of the massive amount of airdrop-coins doesn't hang over the market anymore. I'd suggest: buy later when there are plenty. After airdrop is completed it's going to take a few weeks and we see price rise again. That's going to be pretty crazy.
I think it is a very good decision to speed up the airdrop. The alternative could have been to destroy the coins which would have been a bit better but nobody thought of that probably.

+1 for destroying some of the premine. Doesn't make sense to flood the market more than necessary and devalue coins that are already held by people. I'd be very much for a second airdrop of the size like the first one (30 something coins) ... give people a chance to claim them (couple of weeks) and publicly destroy the remaining premine. You don't want to have an even lower marketcap than you have now with more coins than you have now.  It'll be ridiculous. Save aur from being dumped to oblivion and destroy the unclaimed coins after a certain date! Aur slipped to place 109 on coinmarketcap. If you release all of the premine it'll be on spot 200 together with the dead coins. The network will suffer from that too and you'll risk a real fail. So please don't release more coins than necessary at this point and destroy the rest so we can see some appreciation in value again. Thank you very much!

[kkcoin]

@smalltimer

[...] Doesn't make sense to flood the market more than necessary and devalue coins that are already held by people. I'd be very much for a second airdrop of the size like the first one (30 something coins) ... give people a chance to claim them (couple of weeks) and publicly destroy the remaining premine. You don't want to have an even lower marketcap than you have now with more coins than you have now.  It'll be ridiculous. [...]

correct! this airdrop needs to be stopped asap. instead of flooding the market, i would suggest to stop the airdrop of 31,8 after a certain time and do the opposite thing - run short.

those who accept aur as payment in iceland should be awarded with 1000 aur and who pays loan to employees in 5% aur should get 2000.

i can imagine, after people in iceland made experience with the devaluating icelandic krona, they could apply a stable currency/storage of value.

the 'financial crisis' will do the rest...

[kkcoin]

sorry for your loss, kkcoin.

if you think the intention of the guy who decided to do a 10x airdrop was to "create demand" or "reach high price", you are mighty naive.

bye kkcoin

i appreciate your empathy.

so, the guys intention was to "reach low price" and "induce people to refuse aur" - seems like its working.

and out of this purpose there should rise a circulation between those who had claimed some... its not like there already was a fiat currency in iceland, no.

'mighty naive' is what i would call believers of a crypto that already lost over 99%.

bye molecular