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Author Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland  (Read 492921 times)
etoque
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February 27, 2014, 05:36:13 PM
 #661

Its a sign  Cheesy
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February 27, 2014, 05:37:03 PM
 #662

Get off coinmarketcap already!! You don't deserve to be up there.
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February 27, 2014, 05:55:47 PM
 #663

Auroracoin is above Doge lol, whatever next
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February 27, 2014, 05:57:39 PM
 #664

congrats top 5 @coinmarketcap with $70mil usd. why only 33 pages though?

This is not the marketcap. The market cap is 86 000 coins * price per coin. Maybe a little more. Not one coin of the premined coins is accessible by now. Look at the premined addresses. No coin has moved by now.

So you have 86 000 coins by now and soon there will be - this the plan - 10.5mio. coins at one moment floating the market. This is like, in the end of the month, every American citizen gets 5 bitcoins (x122 of the current supply). Now you can guess what would happen with the price per coin...
It IS the marketcap of all coins that have been mined.  The 50% premine AND the current available coins.  Do 86,000 x the current price of $6.69 and you will see your math is off Smiley

But that 50% premine is not on the market, and it's still being counted in the market cap. Airdrop the 50% premine and watch the market cap plunge.

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February 27, 2014, 06:02:22 PM
 #665

congrats top 5 @coinmarketcap with $70mil usd. why only 33 pages though?

This is not the marketcap. The market cap is 86 000 coins * price per coin. Maybe a little more. Not one coin of the premined coins is accessible by now. Look at the premined addresses. No coin has moved by now.

So you have 86 000 coins by now and soon there will be - this the plan - 10.5mio. coins at one moment floating the market. This is like, in the end of the month, every American citizen gets 5 bitcoins (x122 of the current supply). Now you can guess what would happen with the price per coin...
It IS the marketcap of all coins that have been mined.  The 50% premine AND the current available coins.  Do 86,000 x the current price of $6.69 and you will see your math is off Smiley

But that 50% premine is not on the market, and it's still being counted in the market cap. Airdrop the 50% premine and watch the market cap plunge.


Thats a valid point

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February 27, 2014, 06:04:48 PM
 #666

are you guys serious. i saw this coin going at rates of 0.007btc . i remember the release and the 50% premine joke. but now people seem not to care anymore ? did i miss something or what.
i guess never understimate the retardness of humans.

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February 27, 2014, 06:10:26 PM
 #667

Serious gambling  & maybe self-fulfilling prophecy Cool
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February 27, 2014, 06:26:07 PM
 #668

congrats top 5 @coinmarketcap with $70mil usd. why only 33 pages though?

This is not the marketcap. The market cap is 86 000 coins * price per coin. Maybe a little more. Not one coin of the premined coins is accessible by now. Look at the premined addresses. No coin has moved by now.

So you have 86 000 coins by now and soon there will be - this the plan - 10.5mio. coins at one moment floating the market. This is like, in the end of the month, every American citizen gets 5 bitcoins (x122 of the current supply). Now you can guess what would happen with the price per coin...
It IS the marketcap of all coins that have been mined.  The 50% premine AND the current available coins.  Do 86,000 x the current price of $6.69 and you will see your math is off Smiley

But that 50% premine is not on the market, and it's still being counted in the market cap. Airdrop the 50% premine and watch the market cap plunge.
I believe the airdrop will not result in a price plunge.  I personally believe that the price will be much higher at the time of the airdrop and the media attention will result in an even greater increase after the airdrop.

But let's say you're correct.  Let's say every single Icelandic person accepts the coins and then dumps.  What will they dump for?  Bitcoin.  That means every single person in Iceland will suddenly have some Bitcoin.  Every single person in that country will be utilizing cryptocurrency.  Do you not understand how huge and exciting that is?  And THAT is why everyone should be cheering on Auroracoin whether you think the actual coin has a future or not.  This is a VERY exciting event in the history of cryptocurrency.
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February 27, 2014, 06:59:42 PM
 #669

Serious gambling  & maybe self-fulfilling prophecy Cool

lesson learned. still cant believe . indeed self-fulfilling prophecy
freaking unbelievable...

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February 27, 2014, 07:01:12 PM
 #670

I'm sorry if this has been answered or it's a noob question. Is there a guide on how to get set up to mine. I want to start getting into mining and this coin looks great because it's helping a real countries economy.

BTC/XCP: 1AYnhd2aEJj1NGJMbj8d9mSs6GmPCQPL6U
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February 27, 2014, 07:06:19 PM
 #671

are you guys serious. i saw this coin going at rates of 0.007btc . i remember the release and the 50% premine joke. but now people seem not to care anymore ? did i miss something or what.
i guess never understimate the retardness of humans.

It's a bit different thing if you premine for youself vs you premine for a nation.

First, case 1 is not fair, but case 2 is.

Second, in case 1 you can only trade the coin by youself, in case 2 there is a whole nation of people trading it.

Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx
Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp
Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR
AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
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Bitcoin forever !


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February 27, 2014, 07:10:32 PM
 #672

Serious gambling  & maybe self-fulfilling prophecy Cool

lesson learned. still cant believe . indeed self-fulfilling prophecy
freaking unbelievable...

Nothing there, this coin is poised to go 10k fold at least !

by the way.. is auroracoin.org down or it's just on my side ?
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February 27, 2014, 07:18:21 PM
 #673

Yes auroracoin.org is down for me also, I wanted to dl the wallet Cry
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February 27, 2014, 07:18:45 PM
 #674

auroracoin.org

DDosed   Roll Eyes
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February 27, 2014, 07:20:54 PM
 #675

auroracoin.org

DDosed   Roll Eyes

Cheesy  sign that it begins to gain popularity !!! Wooooot !
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February 27, 2014, 07:25:30 PM
 #676

I'm going to create a coin next to replace Zimbabwe's currency...  Who is with me?

This is the most insane thing I have ever read.  The best part is people are actually buying into this??

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February 27, 2014, 07:32:53 PM
 #677

I'm going to create a coin next to replace Zimbabwe's currency...  Who is with me?

This is the most insane thing I have ever read.  The best part is people are actually buying into this??

Well, what do you lose if you buy this? And what can you win ;-)

Sync: ShiSKnx4W6zrp69YEFQyWk5TkpnfKLA8wx
Bitcoin: 17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp
Litecoin: LhbDew4s9wbV8xeNkrdFcLK5u78APSGLrR
AuroraCoin: AXVoGgYtSVkPv96JLL7CiwcyVvPxXHXRK9
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We bow in its aura


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February 27, 2014, 07:35:05 PM
 #678

when this goes to cryptsy...


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February 27, 2014, 07:35:55 PM
 #679

I'm going to create a coin next to replace Zimbabwe's currency...  Who is with me?

This is the most insane thing I have ever read.  The best part is people are actually buying into this??

Well, what do you lose if you buy this? And what can you win ;-)

Hey whatever works for some people, but my brain just can't get passed the sanity/insanity check on this one.  I'll have to sit this one out...

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February 27, 2014, 07:54:07 PM
 #680

I'm going to create a coin next to replace Zimbabwe's currency...  Who is with me?

This is the most insane thing I have ever read.  The best part is people are actually buying into this??
What is insane about utilizing technology to give people choice and empower them? 

I personally don't think Auroracoin will REPLACE the Krona, but I do believe it will be widely adopted and put enormous pressure on Icelandic politicians who have been destroying the Krona to change their ways. 
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