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

[01835113]

I very very like this idea I am very excited and I hope the people will interest. How is it being promoted?  The media is talking it about in Iceland? Has been in the news?

[1714684306]

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[1714684306]

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[sussex]

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)

If this goes ahead, somebody will set up a business where they sort your coins out then dump them on your behalf. People only want cash, nothing else.

BTC may pump slightly as a result of all the people trying to turn AUR into cash,

This is doomed.

[sussex]

I very very like this idea I am very excited and I hope the people will interest. How is it being promoted?  The media is talking it about in Iceland? Has been in the news?

Oh god....... 

[DaFockBro]

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)

If this goes ahead, somebody will set up a business where they sort your coins out then dump them on your behalf. People only want cash, nothing else.

BTC may pump slightly as a result of all the people trying to turn AUR into cash,

This is doomed.

I'm not sure if people in this thread honestly do not see the crash coming?  Or if they're just trying to pump up the price and sell before the market is flooded with 100x the supply of AUR.

I do think this is a cool idea and it will hopefully be successful in the long run.  But there is no way I'm buying in until after the price crashes.

[Hellionator]

Need more miners! - http://aur.scrypthp.com - MPOS of fast, secure servers.  Offering .25 BTC to the next block finder!

[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 0.075?

[DaFockBro]

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 0.075 .00075 after Mar. 25?

[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 0.075 .00075 after Mar. 25?

Yea ok I don't care for the airdrop atm, I'm talking short term

[Maurizio]

Make your homeworks dudes.
It will never give an airdrop which will happen in one day on the 25th.

step by step will be the procedure

[DaFockBro]

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 0.075 .00075 after Mar. 25?

Yea ok I don't care for the airdrop atm, I'm talking short term

The price will go lower and lower as the airdrop approaches because no one wants to be left holding the bag when the potential 100x increase in supply occurs.

You made a great decision to sell at .12 BTC/AUR, we will not see that price again for years if ever.

[joulesbeef]

It is arguably already happening as people realize this.

so you are claiming the drop is because people are just now realizing the entire premise of the coin?


and since you think this is a pump and dump or what..

like i ask everyone else.

what price do you think is a good price to hold this coin at.. what price.. is a good price, that wont crash on the 25?


all yall say it will crash.. none of you say what the price SHOULD be due to the premine.

1/100th of the current price? and then on the 25th that wouldnt crash? or will it crash anyways no matter the price it is on the 24th?


awaiting with great anticipation reading the responses to that question.

<popcorn>


(and by all means lets ignore that their are such people who play the daily fluctuations and dont think about a week from now much less 3)

[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 0.075 .00075 after Mar. 25?

Yea ok I don't care for the airdrop atm, I'm talking short term

The price will go lower and lower as the airdrop approaches because no one wants to be left holding the bag when the potential 100x increase in supply occurs.

You made a great decision to sell at .12 BTC/AUR, we will not see that price again for years if ever.

What kind of reasoning is that?

Apply that to Yesterday or 2 days ago or 3 days ago and AUR shouldn't have reached 0.12 ever.

Airdrop is 20 days away, and aur price had tremendously unstable price since the "pump" begun.

As I see it it could go either way in the next 7-10 days, whales can either buy back in now at such a low price or just dump the coin altogether.

It seems like big miners are in on it more and more, 10,664 difficulty atm vs 6.600 of just yesterday

[Lloydie]

Make your homeworks dudes.
It will never give an airdrop which will happen in one day on the 25th.

step by step will be the procedure

This makes a lot of sense.  Issue coins to Icelanders at the same rate of mining.  Would fit in with the halving.

[kocur]

I switched from easy-mine to 1gh.com...growing pretty fast, its because of 51%...

[zccopwrx]

Hi Everyone

HashFaster wants to support AuroraCoin!

We've opened our AUR pool, I am not sure about the pool landscape for this coin but HashFaster has been around a long time, running pools for almost a year now .Come join us!

http://aur.hashfaster.com - 1% fee, prop payouts

Thanks
ZC

[Maurizio]

397334   Wed Mar 05 2014 01:13:04 GMT+0100   4083de03990eb61dee606d30e57f8e2aeefb5af0c274fcb8cba5a2b22307913c   >
397330   Tue Mar 04 2014 18:46:05 GMT+0100   a10dcb50efdaaa5743396f1be0b8b3bf6bfda7fb089bf99262354620aacfccf5   >
397287   Tue Mar 04 2014 06:54:38 GMT+0100   008fc0b3c00a0efaa3519c53ab1e3dc2a40c623335fc87b19b4b4200eac03f07   >

Last 3 blocks on p2pool.crunchpool.com:12347/

made 1Aur with 7.1mh in 24h

[eoakland]

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 0.075 .00075 after Mar. 25?

Yea ok I don't care for the airdrop atm, I'm talking short term

The price will go lower and lower as the airdrop approaches because no one wants to be left holding the bag when the potential 100x increase in supply occurs.

You made a great decision to sell at .12 BTC/AUR, we will not see that price again for years if ever.

we will most likely see .12 in the next couple of days.....one word, "Wolong"  nuff said. 

[fcode]

Been having good success on the p2pool (crunchpool) myself.

[Eadeqa]

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)

If this goes ahead, somebody will set up a business where they sort your coins out then dump them on your behalf. People only want cash, nothing else.

BTC may pump slightly as a result of all the people trying to turn AUR into cash,

This is doomed.

I'm not sure if people in this thread honestly do not see the crash coming?  Or if they're just trying to pump up the price and sell before the market is flooded with 100x the supply of AUR.

You are not giving us new information. All of us  know about it. 25th is far away, and even then it will take months before even 10% of the icelander claim their coins. And  how many of that 10% would know to sell them on exchanges? Probably around 1%  of that 10% .. that's like 0.1% percentage.

It will take an year or more to distribute the coins to 50% of icelanders (if 50% is ever reached.  I doubt it will). No, 10 million coins are not "flooding" exchanges on 25th. It will be a miracle if even 0.1 of that 10 million gets on cryptsy on 26th.



 

[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 0.075 .00075 after Mar. 25?

Yea ok I don't care for the airdrop atm, I'm talking short term

The price will go lower and lower as the airdrop approaches because no one wants to be left holding the bag when the potential 100x increase in supply occurs.

You made a great decision to sell at .12 BTC/AUR, we will not see that price again for years if ever.

What kind of reasoning is that?

Apply that to Yesterday or 2 days ago or 3 days ago and AUR shouldn't have reached 0.12 ever.

Airdrop is 20 days away, and aur price had tremendously unstable price since the "pump" begun.

As I see it it could go either way in the next 7-10 days, whales can either buy back in now at such a low price or just dump the coin altogether.

It seems like big miners are in on it more and more, 10,664 difficulty atm vs 6.600 of just yesterday

It's funny $50 being called a low price. Two days can change a lot of minds in crypto.

It is low compared to 0.17 peak of just a few hours ago..


Anyway my guess is thus:

it will bottom out at 0.0700 (where most of the buy support is), then rapidly go back up to 0.115-120 only to be hard-dumped again.

It's happened before, the only thing that worries me is this time around the decline is steady and very slow, relatively, instead of the usual rapid manipulations.