dothetwist
Member
 Offline
Activity: 63
Merit: 10
|
 |
March 25, 2014, 11:56:31 PM |
|
nearly 3% of iceland claimed their coins!  including 6- and 60+  |
|
|
|
|
|
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
Lordoftherigs
|
|
March 25, 2014, 11:58:15 PM |
|
as much as I liked the general idea behind the coin the distribution and authorization process are insufficient. One person shouldn't have been able to claim more than 31.8 coins. Claiming coins for others is a total disaster for aurora coin. Not to mention the fork at 5400th block.... Balduro was told that if the coin won't fork before the airdrop there will be no applications / services available and that would lead to a massive wash out to exchanges. It is obvious now that the airdrop is being manipulated. The claims are too massive in a very short period of time so the late fork doesn't even matter I guess  Lets hope other coins with similar concept will learn a lesson here. I still believe in the concept but lets face it the execution was really poor here. |
|
|
|
|
|
illodin
|
|
March 26, 2014, 12:00:29 AM |
|
The claims are too massive in a very short period of time so the late fork doesn't even matter I guess wut.. some people assumed everyone in Iceland would have the coins in the first day! And now 3% is too massive? |
|
|
|
|
|
gerdab
|
|
March 26, 2014, 12:07:35 AM |
|
I bought 10 AUR for memory  , i know it's BTC lost. |
|
|
|
|
|
pjviitas
|
|
March 26, 2014, 12:31:26 AM |
|
I still think its a great idea and I am still holding some AUR however there are many people who will not and are not anymore due to implementation issues.
Only time will tell how this whole thing pans out but it makes for terrible media.
|
|
|
|
|
|
craaaa
|
|
March 26, 2014, 12:46:07 AM |
|
as much as I liked the general idea behind the coin the distribution and authorization process are insufficient. One person shouldn't have been able to claim more than 31.8 coins. Claiming coins for others is a total disaster for aurora coin. Not to mention the fork at 5400th block.... Balduro was told that if the coin won't fork before the airdrop there will be no applications / services available and that would lead to a massive wash out to exchanges. It is obvious now that the airdrop is being manipulated. The claims are too massive in a very short period of time so the late fork doesn't even matter I guess Lets hope other coins with similar concept will learn a lesson here. I still believe in the concept but lets face it the execution was really poor here. i think its need shops accept aur not only distribution aur .... (i need use aur then grow up! ) |
|
|
|
|
FreeJack2k2
|
|
March 26, 2014, 01:48:49 AM |
|
People were warned repeatedly about what would happen with this coin, but they kept holding. I guess it shouldn't shock me that I'm seeing posts from people who are just going to go down with the ship and lose every bit of value they have left in their AUR, as the recipients in Iceland cash it in. It wasn't hard to do the math on this. There's no infrastructure, nobody can or will use the coin, it is simply acting as a mechanism to transfer YOUR money to Icelanders. They're cashing it in - as anyone would - for something with actual value in their daily life. Take your loss and lick your wounds, lesson learned - don't go down with the ship, because it's only just begun taking on water and with the volume of coin yet to be distributed, it has nowhere to go but down, from here.
|
|
|
|
|
Bimmerhead
Legendary
Offline
Activity: 1291
Merit: 1000
|
|
March 26, 2014, 01:51:30 AM |
|
Wow, lot of negativity on here, yet no suggestions of a better way of executing an airdrop. Kudos to Baldur. Even if this is a total flop, he has led the way and others can build on this experiment. However for every seller of AUR there is a buyer who is willing to hold for longer term. Because they know this isn't a 3 day experiment. I remember when BTC were less than 10 cents and I still have some I bought back then because that experiment isn't over yet either. The majority of the population segment that has been cut out of the airdrop (35yo+) because of the validation chosen (facebook)
is also the same segment that owns the majority of businesses. I am guessing they might be a bit put off because of this
alone.
In less than 3 minutes after reading your assertion I was able to determine there are 116,000 people on Facebook who claim to live in Iceland and are aged 35 and over. And there are 220,000 people on Facebook who claim to live in Iceland and are 13+, so in fact more than half of the people that can participate in this experiement are in your segment of the population that are 'cut out of the airdrop'. I can't think of a more efficient way for one person to execute an airdrop at such low cost than using FB to validate, can you? Sure there will be fraud. This is a project that involves humans. If you're looking for perfection let us know when you build it. |
|
|
|
|
|
gerdab
|
|
March 26, 2014, 02:05:13 AM |
|
perhaps, it s suitable to add a few guidelines on airdrops page enciting peoples to hold their AURs ...
|
|
|
|
|
|
gerdab
|
|
March 26, 2014, 02:16:48 AM |
|
I m wondering among the 319653 AUR already airedroped, how many're still in icelandics holders!
|
|
|
|
|
surfer43
Sr. Member
Offline
Activity: 560
Merit: 250
"Trading Platform of The Future!"
|
|
March 26, 2014, 02:26:55 AM |
|
Looks like 0.0085 was the bottom.  |
|
|
|
|
|
pjviitas
|
|
March 26, 2014, 02:27:55 AM |
|
Wow, lot of negativity on here, yet no suggestions of a better way of executing an airdrop. Kudos to Baldur. Even if this is a total flop, he has led the way and others can build on this experiment. However for every seller of AUR there is a buyer who is willing to hold for longer term. Because they know this isn't a 3 day experiment. I remember when BTC were less than 10 cents and I still have some I bought back then because that experiment isn't over yet either. The majority of the population segment that has been cut out of the airdrop (35yo+) because of the validation chosen (facebook)
is also the same segment that owns the majority of businesses. I am guessing they might be a bit put off because of this
alone.
In less than 3 minutes after reading your assertion I was able to determine there are 116,000 people on Facebook who claim to live in Iceland and are aged 35 and over. And there are 220,000 people on Facebook who claim to live in Iceland and are 13+, so in fact more than half of the people that can participate in this experiement are in your segment of the population that are 'cut out of the airdrop'. I can't think of a more efficient way for one person to execute an airdrop at such low cost than using FB to validate, can you? Sure there will be fraud. This is a project that involves humans. If you're looking for perfection let us know when you build it. +1 No doubt credit needs to be given where it is due...this endeavor was bound to be difficult no matter how you slice it. Kudos to Baldur. |
|
|
|
|
solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
|
|
March 26, 2014, 03:33:13 AM |
|
Baldur has done a fantastic job.
Now the local ecosystem needs developing, like an AURpay version of BitPay!
|
|
|
|
|
toldy
|
|
March 26, 2014, 04:42:35 AM |
|
Wow, lot of negativity on here, yet no suggestions of a better way of executing an airdrop.
Here's some ideas.......... How about a longer [PRE-ANN] about the new coin to let people become aware of your intentions and debate the best way of rolling out out? Why did it have to launch so fast? Why did the block awards have to be that large? Why did the coin have to be forked? How about giving longer than <2 months to attract developers, businesses, pools, exchanges, games, etc to get ready for this coin? How about having your forums populated, a complete announce list? There is plenty that could have been done. Two months to convert an entire country over to some cryptocurrency? It boggles my mind that anybody thought it could have been possible..... People need to think for a change and get out of their trance of chasing every new flashy coin that is released without asking questions first. If people lose money on auroracoin it is their own stupidity. This hasn't played out by far yet....... It will probably take at least another 3 to 6 months before auroracoin has the same following as Netcoin [NET] or Sexcoin [SXC] If somebody wants to release a coin for Iceland and do it properly, then start planning now, get a team together, and have it ready for 2015. THAT'S HOW YOU DO IT |
|
|
|
megashira1
Legendary
Offline
Activity: 1146
Merit: 1000
|
|
March 26, 2014, 05:03:49 AM |
|
People were warned repeatedly about what would happen with this coin, but they kept holding. I guess it shouldn't shock me that I'm seeing posts from people who are just going to go down with the ship and lose every bit of value they have left in their AUR, as the recipients in Iceland cash it in. It wasn't hard to do the math on this. There's no infrastructure, nobody can or will use the coin, it is simply acting as a mechanism to transfer YOUR money to Icelanders. They're cashing it in - as anyone would - for something with actual value in their daily life. Take your loss and lick your wounds, lesson learned - don't go down with the ship, because it's only just begun taking on water and with the volume of coin yet to be distributed, it has nowhere to go but down, from here. qft |
|
|
|
|
dragonseer
|
|
March 26, 2014, 05:40:02 AM |
|
People were warned repeatedly about what would happen with this coin, but they kept holding. I guess it shouldn't shock me that I'm seeing posts from people who are just going to go down with the ship and lose every bit of value they have left in their AUR, as the recipients in Iceland cash it in. It wasn't hard to do the math on this. There's no infrastructure, nobody can or will use the coin, it is simply acting as a mechanism to transfer YOUR money to Icelanders. They're cashing it in - as anyone would - for something with actual value in their daily life. Take your loss and lick your wounds, lesson learned - don't go down with the ship, because it's only just begun taking on water and with the volume of coin yet to be distributed, it has nowhere to go but down, from here. qft I'll keep buying and increase my share until I can go to Iceland and spend Auroracoins on a range of services, I'm sure it will make for a nice holiday  |
|
|
|
tokyopotato
Legendary
Offline
Activity: 812
Merit: 1000
|
|
March 26, 2014, 07:12:55 AM |
|
The majority of the population segment that has been cut out of the airdrop (35yo+) because of the validation chosen (facebook)
is also the same segment that owns the majority of businesses. I am guessing they might be a bit put off because of this
alone.
In less than 3 minutes after reading your assertion I was able to determine there are 116,000 people on Facebook who claim to live in Iceland and are aged 35 and over. And there are 220,000 people on Facebook who claim to live in Iceland and are 13+, so in fact more than half of the people that can participate in this experiement are in your segment of the population that are 'cut out of the airdrop'. I can't think of a more efficient way for one person to execute an airdrop at such low cost than using FB to validate, can you? Sure there will be fraud. This is a project that involves humans. If you're looking for perfection let us know when you build it. Classic! |
|
|
|
|
tokyopotato
Legendary
Offline
Activity: 812
Merit: 1000
|
|
March 26, 2014, 07:13:55 AM |
|
People were warned repeatedly about what would happen with this coin, but they kept holding. I guess it shouldn't shock me that I'm seeing posts from people who are just going to go down with the ship and lose every bit of value they have left in their AUR, as the recipients in Iceland cash it in. It wasn't hard to do the math on this. There's no infrastructure, nobody can or will use the coin, it is simply acting as a mechanism to transfer YOUR money to Icelanders. They're cashing it in - as anyone would - for something with actual value in their daily life. Take your loss and lick your wounds, lesson learned - don't go down with the ship, because it's only just begun taking on water and with the volume of coin yet to be distributed, it has nowhere to go but down, from here. qft I'll keep buying and increase my share until I can go to Iceland and spend Auroracoins on a range of services, I'm sure it will make for a nice holiday You will be able to spend them outside of Iceland as well. See https://moolah.io/merchants/learn-more |
|
|
|
|
tokyopotato
Legendary
Offline
Activity: 812
Merit: 1000
|
|
March 26, 2014, 07:15:06 AM |
|
Wow, lot of negativity on here, yet no suggestions of a better way of executing an airdrop.
Here's some ideas.......... How about a longer [PRE-ANN] about the new coin to let people become aware of your intentions and debate the best way of rolling out out? Why did it have to launch so fast? Why did the block awards have to be that large? Why did the coin have to be forked? How about giving longer than <2 months to attract developers, businesses, pools, exchanges, games, etc to get ready for this coin? How about having your forums populated, a complete announce list? There is plenty that could have been done. Two months to convert an entire country over to some cryptocurrency? It boggles my mind that anybody thought it could have been possible..... People need to think for a change and get out of their trance of chasing every new flashy coin that is released without asking questions first. If people lose money on auroracoin it is their own stupidity. This hasn't played out by far yet....... It will probably take at least another 3 to 6 months before auroracoin has the same following as Netcoin [NET] or Sexcoin [SXC] If somebody wants to release a coin for Iceland and do it properly, then start planning now, get a team together, and have it ready for 2015. THAT'S HOW YOU DO IT Have you ever heard the phrase: No good deed goes unpunished. |
|
|
|
|
fairglu
Legendary
Offline
Activity: 1100
Merit: 1030
|
|
March 26, 2014, 09:29:56 AM |
|
ArirDrop claims watch at http://chainz.cryptoid.info/aur/claims.dws now catching up. Auroracoin client daemon server hardware failure for a few hours :/ now moved to a backup server. Currently identified more than 10250 drops, so a best case estimate of almost 3.2% of Icelanders. Drop rate has drastically slowed down now, but TBH, I think 3% of penetration is already quite an achievement. |
|
|
|
|
