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

[CryptoMF]

Someone want the price drop,I have buy 1.2 at .090 in thinking I was made good trade,but no 

Just hodl your coins until the exchange rate goes up to around .5 BTC and then sell.

[DaFockBro]

Someone want the price drop,I have buy 1.2 at .090 in thinking I was made good trade,but no 

Just hodl your coins until the exchange rate goes up to around .5 BTC and then sell.

DERP!

[joulesbeef]

People who bought in or are buying into the 100,000 circulating AUR before the market gets flooded with 10,500,000 AUR on March 25th:

"Herpity Derp Derp Derp....supply and demand? I don't get it...derp derpity derp deeeerrrrrrrpppppppp.  How is the price crashing! Oh Noooessss, derp derp derp"

well herp derp.. it doesnt matter that much.


there are other reasons why i wouldnt buy now.. but if you bought or mined a single solitary coin without knowing this info.. it is YOU That is retarded.

anyone who has ever traded anything in their lives, has already put that info in the prices they have calculated to be worth it.

it isnt like those coins magically appeared. Like a new diamond mine being found. they were there on day one.

the fear isnt SUPPLY AND DEMAND.. but massive dumping once teh supply is mobile.(either by the developer or the people of iceland). yeah there WILL Be more coins on the markets on the 25th... on the 25.. not today.. but on the 25th. and that a valid currency/commodity capitalist market wont form around the coin.. that people will juts use it like most coins.. a trading instrument for fiat. What if they dont want iceland money? but want something spendable in iceland?

(same thing for the diamond market which has artificial sacristy built in due to monopoly of debeers)

if information is known or planned in a market, for smart people.. it was calculated into the price long ago, yall act like the premine info was just released hours ago.


and tell me a good price point.. dont just herp and derp.

at this moment it is trading for 0.08099889

does the premine not matter at 0.04?

how about 0.02?

what about 0.00000004? if it is this price on march 24th what will the market due the next day?

Its easy to laugh and pretend you know economics by quoting "supply and demand", Its a bit harder to prove it with some valid points.

divide the price by hashrate and show how it doesnt make sense with the volume of coins.

I happen to mostly agree with you, just not how you said it. I got out at a good price, except for this tiny bit of change i am waiting to confirm... and the even smaller bit i am waiting to confirm on the pools. but just saying people are stupid for buying at this price because they dont understand supply and demand, is meaningless without showing that the price isnt already calculated in the demands price. as well as the fact that demand could very well rise, once the dump is successful if business in iceland start to break the law enmass and use this coin. They probably wont.. while it is only a micro percent of the population.. who are miners.. and and bunch of foreigners who dont shop in their malls, who hold the coin.. and hence have no demand atm. I'm not sure what will happen there. i dont like the current price.. just saying it is more complex than "OMG SUPPLY AND DEMAND" and as such you appear ignorant rather than actually teaching anyone anything.

[sussex]

It's just been found, took the whole network 3,5hours!! 

4117   2014-03-04 23:39:27   248   11456.37999395   10664.685   10602901   31.0884   39.0921   19.9861%
4116   2014-03-04 20:06:58   129   4571.51438461   10664.685   10602876   30.9476   38.9446   20.0451%
4115   2014-03-04 19:04:28   117   1956.90333522   10664.685   10602851   30.9044   38.9012   20.0671%
4114   2014-03-04 17:45:49   159   5226.32712004   10664.685   10602826   30.85   38.8466   20.0952%
4113   2014-03-04 16:23:22   21   352.2183344   10664.685   10602801   30.7936   38.7893   20.1231%
4112   2014-03-04 16:13:16   117   3248.37479777   10664.685   10602776   30.7867   38.7823   20.1266%

so let me get this in my head.

each block found is also a confirmation for the transactions before it.

and since cryppy says they need 6 confirmations(actual experiences will vary) and worse mined blocks take 120.....

it will take us 21 hours to move coin to cryppy.

but 15 fucking days for my coin to get confirmed at the pool. at current block finding speeds.


FUCKING LOL.

thats wonderfull because if it is a scam then the scammer must wait the same time before they sell on a exhange.... so just check every now and then this addresses

AJgZfkqagmjajiB5pbAuXfh7yG9M5iMY9v
APjdUEiCX2VfXRsh1BNRDXUbjMsTjXMyCT
AKcofzy2QjT6U3L2ekqyTrDuc3GS4tZR1e
AYJWvKESbRoRt8krm5bZNiVqc2DhPx5eBP
AVqRJTCPAR5hP1dbwhNcYX83UDiMFNi8pE
ATk5sZMnfUq6brhawaUvb2TUJ5JGBiT5UT
AdSJSDKvAkNLNXT6BgqgghkVm13UwuMFv6
ALbfJXCQZEvedBGg1J5a8hSga5aHcVh2WZ
AH4iAPn5Custyzm4tak6By2iyPmUARVF28
AFvV2BpTD5FGESFDww9dGHsHdpu1RDpryj
AVpwukHqGch8Wyyf1vxCD74UVfwwMSoE4u
ASJWxLQ7ZyJs3b6BnyyrFZbVKZCLGeqt4f
AYQwvfpHHZhKLHmCVnVd6H2PiKtbB5rsHU
AW9FLMGEz7Gfn4yVc2rUi1fdDi9Us36tYq
AXdiVGBWUtQbbXUHoKa6z3x3QMY79f6ZNR
APsjgVJPAtCorTjL2tLNB57RdCqKRJbKF6
AXif7x3dvukyVf8WnpiDrPTRmFzzpHJWbv
ARuirTGMuHcj5GgRgvHjJanrKjUwAujbPk
Aei22bhuXAJDuBtFt9o6Nx1QD2r73o7NcE
AL7nAQ8w88Hwff7uKSnThyhqgLCSxW9Zyv
AXkTQuECcpF7DoPzRhq8gyk6tyvnrEM8G8

and if something is moving before 25 then we push the coin to zero before the scammer... so it is better for the scammer to scam after 25... or did i miss something?

If the devs are sitting on a node, perhaps they could expedite the transaction?

[DaFockBro]

People who bought in or are buying into the 100,000 circulating AUR before the market gets flooded with 10,500,000 AUR on March 25th:

"Herpity Derp Derp Derp....supply and demand? I don't get it...derp derpity derp deeeerrrrrrrpppppppp.  How is the price crashing! Oh Noooessss, derp derp derp"

well herp derp.. it doesnt matter that much.


there are other reasons why i wouldnt buy now.. but if you bought or mined a single solitary coin without knowing this info.. it is YOU That is retarded.

anyone who has ever traded anything in their lives, has already put that info in the prices they have calculated to be worth it.

it isnt like those coins magically appeared. Like a new diamond mine being found. they were there on day one.

the fear isnt SUPPLY AND DEMAND.. but massive dumping once teh supply is mobile.(either by the developer or the people of iceland). yeah there WILL Be more coins on the markets on the 25th... on the 25.. not today.. but on the 25th. and that a valid currency/commodity capitalist market wont form around the coin.. that people will juts use it like most coins.. a trading instrument for fiat. What if they dont want iceland money? but want something spendable in iceland?

(same thing for the diamond market which has artificial sacristy built in due to monopoly of debeers)

if information is known or planned in a market, for smart people.. it was calculated into the price long ago, yall act like the premine info was just released hours ago.


and tell me a good price point.. dont just herp and derp.

at this moment it is trading for 0.08099889

does the premine not matter at 0.04?

how about 0.02?

what about 0.00000004? if it is this price on march 24th what will the market due the next day?

Its easy to laugh and pretend you know economics by quoting "supply and demand", Its a bit harder to prove it with some valid points.

divide the price by hashrate and show how it doesnt make sense with the volume of coins.

I happen to mostly agree with you, just not how you said it. I got out at a good price, except for this tiny bit of change i am waiting to confirm... and the even smaller bit i am waiting to confirm on the pools. but just saying people are stupid for buying at this price because they dont understand supply and demand, is meaningless without showing that the price isnt already calculated in the demands price. as well as the fact that demand could very well rise, once the dump is successful if business in iceland start to break the law enmass and use this coin. They probably wont.. while it is only a micro percent of the population.. who are miners.. and and bunch of foreigners who dont shop in their malls, who hold the coin.. and hence have no demand atm. I'm not sure what will happen there. i dont like the current price.. just saying it is more complex than "OMG SUPPLY AND DEMAND" and as such you appear ignorant rather than actually teaching anyone anything.

Here's my mathematically-based, non herp derp analysis:

The real market cap of Auroracoin right now: 102,926 circulating AUR * 0.08459 BTC/AUR = 8706 BTC.


I predict the market cap will increase to anywhere between 10,000 and 100,000 BTC if the airdrop is a success.

10,000 BTC / 10,610,000 AUR = .0009425 BTC/AUR

100,000 BTC / 10,610,000 AUR = .009425 BTC/AUR


Both of these optimistic scenarios^^ involve a 10-100x decrease from the current price after the market gets flooded with the premine.

[liondani]

math says that dollars have zero value but you can still buy things with them...

[sussex]

math says that dollars have zero value but you can still buy things with them...

You suck at math.

[D05GTO]

Auroracoin is now on the Atomic-Trade Exchange!  Buy/Sell/Trade.  USD/AUR option coming soon.

USA  Exchange Https://www.Atomic-Trade.com

[UrsaMajorisBeta]

Such a beautiful market manipulation. Cheers for the whale, but you are NOT going to buy my coins under 0.14

[DaFockBro]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

[Predseda4D]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

I am sorry, sir. But your math sucks.
It is not 10x but 100x. 

[Apostle4444]

Why do these stoopid pools keep crashing... argghhh

[eoakland]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

you sound like a hater.  this is make believe money that folks are taking a gamble on--it's that simple.  the tree is getting shaken and weak hands are folding.  this coin has a pattern of spiking, getting dumped, then retracing.  

stop acting like your name is Ben Bernanke.  =)  derp

[joulesbeef]

he also assumes that a sizable portion of the population from 0 to 90 will actually get their coins.. and know what to do with them. which I actually doubt. The supply will increase for sure. but not as much as some people are flipping about, and not as fast, and a large number of people wont know what to do with them.. and then their is that little part of level 3 of the supply drop, where he destroys the left over coins no one claimed, which automatically reduces total supply. There actually probably will be a sizable number of coins destroyed.


I'm not claiming to be ben, i'm just laughing at the people looking down on everyone without any detailed explanation.


does anyone know the percent of icelanders with an account on crypsty already?


(i just sold my last little bit.. now it was final confirmed on cryppy.. but not due to concerns over march 25)

[pjviitas]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

Look...everyone is getting out the popcorn on one...not because they think they are so smart...its because economics academics have been wrong at least 50% of the time before...so why not this time?

[jasinlee]

Now that we sold all our coins, time for me to buy some again.

[DaFockBro]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

Look...everyone is getting out the popcorn on one...not because they think they are so smart...its because economics academics have been wrong at least 50% of the time before...so why not this time?

The price will crash when the supply of AUR goes from 100,000 to 10,600,000

The only question is how much the price will crash, and then how much will it recover?

The crash from a potential 100x increase in supply will happen.  It is arguably already happening as people realize this.

An extremely optimistic scenario is the price only decreases 10 fold.

[NickPortland]

Now that we sold all our coins, time for me to buy some again.

I sold mine at 0,12.

Should I buy back in at 0.079?

[pjviitas]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

Look...everyone is getting out the popcorn on one...not because they think they are so smart...its because economics academics have been wrong at least 50% of the time before...so why not this time?

The price will crash when the supply of AUR goes from 100,000 to 10,600,000

The only question is how much the price will crash, and then how much will it recover?

The crash from a potential 100x increase in supply will happen.  It is arguably already happening as people realize this.

This all depends on your definition of crash.

[DaFockBro]

math says that dollars have zero value but you can still buy things with them...

I'm getting my popcorn out and watching this thread for the crash.  This is going to be hilarious.

Think about the value of your dollars if the government decided to release 10x the current supply of dollars in a short time span on March 25th.


I'm starting to wonder if this thread is filled with young kids or something?  Anyone who took a high school economics course should clearly see the impending crash in price when the supply of coins increases 10 fold.


I'm setting my buy orders for .00075 BTC/AUR to absorb the flood of supply on the 25th.

Look...everyone is getting out the popcorn on one...not because they think they are so smart...its because economics academics have been wrong at least 50% of the time before...so why not this time?

The price will crash when the supply of AUR goes from 100,000 to 10,600,000

The only question is how much the price will crash, and then how much will it recover?

The crash from a potential 100x increase in supply will happen.  It is arguably already happening as people realize this.

This all depends on your definition of crash.

With a potential 100x increase in supply of AUR coming in 3 weeks.  It's looking like it will be the most epic crash in crypto history.

I'm setting my buy orders for .00075 BTC/AUR to absorb the crash.