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

[dinobotta]

Maby that's better than just balduro holding on to the premine.

[LTEX]

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple 

[BioMike]

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

Interesting read, but the proposed monetary system has some flaws... banks are reduced to administrative accounting institutions (they don't really handle the money anymore) and a party could potentially have a strong influence in the government and the money creation group (or have pawns at those places), which would mean unlimited free money for that party (and another financial crisis).

@LTEX, any info on how you want to achieve point 2? Are you just going to forbid the transfer from that/those address(es)?

[Danslip]

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple 

Option 1 is not going to happen, lets be real. So start working towards option 2 or you will still be waiting here until next year living a dream. Make it happen dev!

[rocanonz]

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple 

Balduro delivered all what he promissed. Do we need a "coup d'etat" after the airdrop? Does this make a good story for the coin?
I might be wrong but I suspect the reason why the premined coins are not burned is the lack of Auroracoin Foundation or the initialy proposed Icelandic Criptocurrency Society.
The foundation was a part of the plan right from the begining (one year ago) and I hope will be established soon.
Ask yourself why the coins are not burned yet?

[Danslip]

Maby that's better than just balduro holding on to the premine.

Fact is, Balduro is NOT going to hold on the pre-mine! This is a fact because there are only two options:

1. Balduro destroys the pre-mine as promised
2. Balduro doen not destroy the pre-mine and we do it for him in a hard fork

Sometimes life can be simple 

Balduro delivered all what he promissed. Do we need a "coup d'etat" after the airdrop? Does this make a good story for the coin?
I might be wrong but I suspect the reason why the premined coins are not burned is the lack of Auroracoin Foundation or the initialy proposed Icelandic Criptocurrency Society.
The foundation was a part of the plan right from the begining (one year ago) and I hope will be established soon.
Ask yourself why the coins are not burned yet?

I have not been following this coin for awhile, if he has been keeping to his word then wait it out.
Look he's not lying when he says he will destroy the premine because he never gave a date and time. So it might get destroyed tomorrow or next month or next year or next decade.

[BioMike]

You mentioning that he hasn't been on the forum for a long time... did someone contact him? In case he was just busy with more important IRL things.

[Danslip]

You mentioning that he hasn't been on the forum for a long time... did someone contact him? In case he was just busy with more important IRL things.

It will be almost a year now though , my bet is that he waiting for a community takeover of the coin.

[molecular]

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

A radical change would be if the monetary authority was not in the hands of a select few, but in the hands of the people at large (aka: free market money).

[molecular]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK  

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

Perfect, I'm totally in. Deadline 31/03/2015, 23:59. BTC 0.06

Perfect.

Give me some time to react, though. I'll be travelling at the time.

EDIT: timezone of your date? UTC?

OK. Iceland time zone GMT

couple hours left, but I'll be travelling for a few days and have to go now, so I'm posting prematurely:

looks like I won the bet, rocanonz?

[molecular]

I have not been following this coin for awhile, if he has been keeping to his word then wait it out.
Look he's not lying when he says he will destroy the premine because he never gave a date and time. So it might get destroyed tomorrow or next month or next year or next decade.

He would not be lying technically, but this is ridiculous, of course.

Reasonable assumption is that the premine is to be destroyed (if it is in fact destroyed) shortly after the airdrop ends. There is no reason to safekeep it for any amount of time (other than for technical or administrative reasons) before destruction. So any delay beyond reasonable technical or administrative reasons is indication that the premine will not be destroyed or Balduro hasn't decided yet what to do.

[BioMike]

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

A radical change would be if the monetary authority was not in the hands of a select few, but in the hands of the people at large (aka: free market money).

I don't think that would work... Bitcoin is a nice proof of this (not the only one though).

[rocanonz]

I'm sure that Balduro will do the right thing, regarding the premined coins.

wanna make a bet?

I would love to be able to hedge against him not doing the right thing

OK  

I'm betting 1000AUR on Balduro making the right thing.

He has two options to do the things right:
1) he will burn the premine
2) he will equally distribute the remaining premined coins to the 1 stage airdrop addresses.

make that BTC 0.06 (currently equals AUR 1000) and give me a date until Balduro has to have done 1) or 2) and I'm in. gentlemans bet?

Perfect, I'm totally in. Deadline 31/03/2015, 23:59. BTC 0.06

Perfect.

Give me some time to react, though. I'll be travelling at the time.

EDIT: timezone of your date? UTC?

OK. Iceland time zone GMT

couple hours left, but I'll be travelling for a few days and have to go now, so I'm posting prematurely:

looks like I won the bet, rocanonz?

Yes, you won the bet!
Please PM a BTC adress.

[ny2cafuse]

I have not been following this coin for awhile, if he has been keeping to his word then wait it out.
Look he's not lying when he says he will destroy the premine because he never gave a date and time. So it might get destroyed tomorrow or next month or next year or next decade.

He would not be lying technically, but this is ridiculous, of course.

Reasonable assumption is that the premine is to be destroyed (if it is in fact destroyed) shortly after the airdrop ends. There is no reason to safekeep it for any amount of time (other than for technical or administrative reasons) before destruction. So any delay beyond reasonable technical or administrative reasons is indication that the premine will not be destroyed or Balduro hasn't decided yet what to do.

Surely someone knows Balduro personally outside the forums.  If not, has anyone doxed him to find him IRL?

A simple phone call or knock on his door for answers is better than sitting here worrying about the unknown.  Go straight to the source.

-Fuse

[Danslip]

I have not been following this coin for awhile, if he has been keeping to his word then wait it out.
Look he's not lying when he says he will destroy the premine because he never gave a date and time. So it might get destroyed tomorrow or next month or next year or next decade.

He would not be lying technically, but this is ridiculous, of course.

Reasonable assumption is that the premine is to be destroyed (if it is in fact destroyed) shortly after the airdrop ends. There is no reason to safekeep it for any amount of time (other than for technical or administrative reasons) before destruction. So any delay beyond reasonable technical or administrative reasons is indication that the premine will not be destroyed or Balduro hasn't decided yet what to do.

Surely someone knows Balduro personally outside the forums.  If not, has anyone doxed him to find him IRL?

A simple phone call or knock on his door for answers is better than sitting here worrying about the unknown.  Go straight to the source.

-Fuse

Perfect suggestion by ny2cafuse

[dinobotta]

Interesting read, but the proposed monetary system has some flaws... banks are reduced to administrative accounting institutions (they don't really handle the money anymore) and a party could potentially have a strong influence in the government and the money creation group (or have pawns at those places), which would mean unlimited free money for that party (and another financial crisis).

@LTEX, any info on how you want to achieve point 2? Are you just going to forbid the transfer from that/those address(es)?

I agree, this is a flawed system, like I pointed out in my post: "I'm not sure if this is in the right direction or not. This kind of system will only move the money printing corruption into the political arena, where politicians pick the people who decide how much money the Central bank should print and then they, the politicians, spend it into the economy."

[dinobotta]

Balduro delivered all what he promissed. Do we need a "coup d'etat" after the airdrop? Does this make a good story for the coin?
I might be wrong but I suspect the reason why the premined coins are not burned is the lack of Auroracoin Foundation or the initialy proposed Icelandic Criptocurrency Society.
The foundation was a part of the plan right from the begining (one year ago) and I hope will be established soon.
Ask yourself why the coins are not burned yet?

The Auroracoin Foundation (Auraráð in Icelandic) was created last Sunday. I think Skarfurinn will file in the papers to the government registry tomorrow or perhaps he filed them today, not sure.

[dinobotta]

You mentioning that he hasn't been on the forum for a long time... did someone contact him? In case he was just busy with more important IRL things.

Baldur is reading this forum, I'm sure. He removed the airdrop page and also rerouted auroracoin.org to http://auroraspjall.is/ on the 24th of March, which has been talked about on this forum.

[LTEX]

This came in from the government today:
http://eng.forsaetisraduneyti.is/news-and-articles/reform-of-the-monetary-system
and
http://www.forsaetisraduneyti.is/media/Skyrslur/monetary-reform.pdf

The government is putting forth ideas regarding changing the monetary system. If this goes through, banks will no longer be able to create money out of thin air, but they are trusting the Central bank to do the money printing and then the government will spend the money into the economy.

If they are looking for a radical monetary change, maybe the rest of the auroracoin premine should be controled by the icelandic government...

Interesting read, but the proposed monetary system has some flaws... banks are reduced to administrative accounting institutions (they don't really handle the money anymore) and a party could potentially have a strong influence in the government and the money creation group (or have pawns at those places), which would mean unlimited free money for that party (and another financial crisis).

@LTEX, any info on how you want to achieve point 2? Are you just going to forbid the transfer from that/those address(es)?

Yup, that's the plan ;-)

[LTEX]

I have been in close contact with Balduro from the beginning. It has always been clear to me that his plan was to launch this project and setup the initial parameters, but he also made it clear he was not intending to run or manage things forever. He wanted to create a community that would take over for he was trying to make this a truly decentralized coin. That's why I still believe he will deliver on his promise to destroy the pre-mine once this community has proven to be able to be selfsupporting. This is what will happen shortly as Dinobotta described above...

Still, if nothing happens in a decent timeframe, we also have the opportunity to rule out the pre-mine addresses during the inevitable hard fork. So either way, we're good...