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

[sirstiv]

Can i have one? LOL. AK1KLPxnD55LsajULPz7YA4J7jfev8Qfeo

I too, am also a poor shibe.

What's the difficulty like on this coin? 1 coin per day on 600kh/s? or half now?

[bitcoinwonders010]

there is gonna be a blood bath on 25th march

[coinader]

Auroracoin on Coinader.com Exchange

https://www.coinader.com/?cur=AUR&ccur=BTC

[declensions]

ugh..stop going up. i wanna sell and go to bed already lol.  (and buy back in the morning, don't like holding altcoins overnight)

[bitcoinwonders010]

i will buy once the air drop has been done. when all icelanders have sold i will buy. back to $100m market cap after 25th and then i expect to go back up

[jabo38]

At the current exchange rate (0.1 BTC) that would equal 1 MILLION BTC if all 10 million Auroracoins are exchanged for BTC and then cashed out. Imagine if you can what this will do to the price of BTC. It will go into freefall as there are not enough buyers in the market to absorb that many sales.

As I don't want to see this poorly thought-out and designed promotion crash Bitcoin, I seriously hope the exchange rate tanks to a miniscule amount before the airdrop. And why the fuck do the people of Iceland get to be handed for free thousands of dollars in crypto coins each that if all cashed out quickly could seriously damage the exchange markets for all cryptocurrencies? Not hating on any Icelanders at all. I just seriously doubt that they give a rats ass about the health of Bitcoin or any other coin and just want the $$. Aurora coin is useless to them otherwise at the moment. They can't buy anything with it and most will likely fear the government will quickly ban it and will want to get what they can before that happens.

Hopefully I am not the only one who actually thinks this whole thing through to likely conclusion. Go ahead and tell me otherwise. I am sure I will hear from someone that this isn't true and I don't understand economics or free markets or some bullshit. I will tell you what I damn sure understand and that is human greed and how it can totally blind someone to the real facts and potential outcomes of their actions.

Umm, your logic is way off.

The only way for them ALL to cash out at the current exchange rate is if the current BUY WALL is 1 MILLION BTC! Right now the buy wall is 2 BTC.

If you go all the way down to .07 BTC, there is only about 15 BTC TOTAL that can be cashed out.

Unless that 1 million BTC buy wall comes along, your gonna have to work a bit harder at thinking this through to its logical conclusion

This little bit about the "buy wall" is a fact, no other way around it.  I am bumping it for any newbies. If even 1% of people get airdrop and even 1% of those cash out, the price will be effectively 0. 

[jabo38]

price is going up like a lot still, I think it is a total scam coin, no backing up by the government, just some dude saying he will give it away, but no good plan to make sure it will happen correctly.  still... the price was going up like steadily, so I bought in for $100 USD.  Immediately the exchange prices plummeted and I wanted to panic sell.  After a long ride (and I am assuming more speculators jumped in) the price was up.  Went to sell in small amounts and as I did so the price just kept on dropping.  Finally when I sold all, the price shot back up.  Very suspicious.  Anyway, it was at least kind to me, but it really seems like this is a massive scam and the people putting in last will be left wondering what happened.  For sure the dump will start before the actual drop as the drop will mean a massive dump, but how long before? At least today was okay.

my friend, you need to learn some basics of stock trading, it's similar.  If you buy at the peak of course it's going to drop. If you think the price is too high and people are starting to sell off large amounts, wait for it to come back down, because it always will.
How do you tell where is the peak? For one, pay attention to the supply and demand amounts, and the velocity of the buy/sell transactions.

yes, agreed, but still learning about this and learning how to read the charts

[Bunkervogel]

amazing. what's the target until 25th march?  

[BitAddict]

Any one is long in aurora?
I want to borrow up to 2 months. I will pay you 0.25% interest every day, up to 15%. I will provide collateral in escrow and you can check my good rep in big trades. PM me!

Minimum deal 3 btc worth aurora.

[Lordoftherigs]

amazing. what's the target until 25th march?  

who knows .... soon enough aurora will reach 0.2 BTC value and from there anything is possible it can double or triple

[CryptoAddict]

I can highly recommend http://auroracoin.miners-pool.eu/

Mining there for a week. Super stable, 0 downtime, 0 rejects.

Need some more megahashes though. Come mine here!

Cmon Guys.. Spread the hashrate! This pool needs heeeeeeelp 

[hamiltino]

shut the fuck up you whiners that didn't manage to get in early. This has the potential to change the crypto scence by making it more mainstream and bringing down the corrupt banking systems and all i read is bitches with nothing better to do than air their hatred.


A coin can be unfair, dishonest but it can't be a scam because its a dencentralized ledger of exchange, a new concept that some people still can't seem to grasp.

[paniczklos]

AuroraCoin p2pool node

COME ON GUYS - WE NEED YOUR MHS ! currently ~500 MHs

LOW DOA

BIGGER PAYOUTS THAN IN A STRATUM MINE !!

DDOS RESISTANT

http://freebtc.eu:12347/
1% fee
USAGE:

Code:

cgminer.exe -o freebtc.eu:12347 -u your_wallet_address -p x

[bitcoinwonders010]

go fuck yourself, getting others to buy in here making them loose money. look at that 118 BTC sell wall obvious someone dumping, is it dev, this is going back under 0.10

[Stenull]

p2pool-miner


Decentralized currency deserves decentralized mining!

[hamiltino]

go fuck yourself, getting others to buy in here making them loose money. look at that 118 BTC sell wall obvious someone dumping, is it dev, this is going back under 0.10

Mate i don't have 1 fucking penny in auroracoin. But i don't sit and comment scam scam, because it does a disservice to the crypto community (The coin is worth what people are willing to pay for it). I have not once told any one to buy auroracoin, i can give advice but i am not going to go as low as screaming the same mantra over and over again like a damn fool.

its a payment protocol, if people want to gamble then that's fine good for them, if anything they  are helping the cause of changing the banking system.

[declensions]

who the fuck is the asshole on cryptsy with the 100+ btc sell order?  that order literally just tanked the price back to .14 and is stopping it from going above .15.

cant you break up your order into smaller orders? Not like you're gonna sell it all at once. I don't understand people.

[stealth923]

who the fuck is the asshole on cryptsy with the 100+ btc sell order?  that order literally just tanked the price back to .14 and is stopping it from going above .15.

cant you break up your order into smaller orders? I don't understand people.

its been removed

[stan26]

amazing. what's the target until 25th march?  

10 bitcoin price by then?    

(at the rate it's going up now)

[eoakland]

Any one is long in aurora?
I want to borrow up to 2 months. I will pay you 0.25% interest every day, up to 15%. I will provide collateral in escrow and you can check my good rep in big trades. PM me!

Minimum deal 3 btc worth aurora.

why not just say you are looking to short ?  lol