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

[avw1982]

Looks like 0.0085 was the bottom. 

Could even bought some coins for 0,0075 

[minerjav]

Baldur has done a fantastic job.

Now the local ecosystem needs developing, like an AURpay version of BitPay!

+1
Agree

[minerjav]

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.

The world is watching how the Icelanders are reacting on this huge opportunity for the country.
If the price start stabilizing in the near future, a bunch of new investors and infrastructure will be in place faster than any other coin.

From my 3 point previous prediction: the #1 is absolutely discarded, (Thanks Balduro/developer)

The prediction #2 is important. Some Icelanders learn the hard way today that selling as crazy is the worst decision that they can make. I'm confident that they will not do the same thing when they claim the second batch. Many lost their coins in just 1 day and leave to short term investors, easily and fast. People can't see long term changes (like child grow or fiat devaluation). Humans forget easily. But between the first batch and second batch is only 4 months (a genius solution). They will not forget how easily lost their valuable coins in the first batch. They will not make the same mistake twice.

At the end, my prediction #3 will be the final position.

[Klacik]

guys, this crypto is getting better by the day

just found an article about the Auroracoin airdrop on one of our internet portals (Slovakia)

http://www.dsl.sk/article.php?article=15385


great job!

[dewdeded]

Respect to balduro.

[Klacik]

I feel bad for anyone who actually thought this was going to be a success. Glad i sold all mine when it hit 1 billion for a day.

i feel sorry for people like you...

you just can't see the bigger picture, but oh well.. suit yourself mate and be happy with your early sold AUR coins

[Klacik]

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.

yeah.. some people are just unbelievable

first, it was a total scam coin (after only a few days of its life), then balduro was a scammer - who's going to dump all the premined AUR, then there was that airdrop scam, etc etc..  now when the airdrop is actually taking place, there are people who try to bury this coin after only one or two days.. and it doesn't stop here.. now there's the "stupid" claiming process and people attack the creator because it's not perfect.. but how many of these trolls actually helped with something ?? ideas , coding, press, etc.. ?
sheesh...

[coin-table]

Hi,

I'm running the site http://www.crypto-coins-table.com.

I have listed your coin already. To provide the full information
for all users you can update the information here:

http://www.crypto-coins-table.com/index.php?refid=c1hwCUyjpw&var_action=update_coin&coin_id=AUR

regards

[fantis1337]

  This idea is fucking brilliant if the people get along and the dev doesnt just dump everything few months down the road. I put up an ad on an online market and I´m accepting AUR. Mostly stuff I had problem with selling but it sold up in hours and now I have few hundred AUR coins in my wallet Saw it dropped last night but that was expected and I think it will keep on going on a rollercoaster rider until the airdrop slows down.

I got the hang of the exchange sites and I´m finding a way to withdraw BTC and maybe USD onto paypal/bank wire? for future use.

Still don´t understand mining and how it works.

Any info would be appreciated.

[NickPortland]

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.

yeah.. some people are just unbelievable

first, it was a total scam coin (after only a few days of its life), then balduro was a scammer - who's going to dump all the premined AUR, then there was that airdrop scam, etc etc..  now when the airdrop is actually taking place, there are people who try to bury this coin after only one or two days.. and it doesn't stop here.. now there's the "stupid" claiming process and people attack the creator because it's not perfect.. but how many of these trolls actually helped with something ?? ideas , coding, press, etc.. ?
sheesh...

His post is just plain trolling. As mentioned countless times you can redeem your AUR also using SMS.

Next he'll claim that no people over 35 have a cellphone so that's why it's gonna fail.

[serpico-cop]

PLEASE HELP!! I entered Kennitala and Mobile numbers and I receiving error. Next I try login via Facebook - and too receive error. How I can register?

[NickPortland]

PLEASE HELP!! I entered Kennitala and Mobile numbers and I receiving error. Next I try login via Facebook - and too receive error. How I can register?

Hi,
try asking for help on the official forum: http://forum.auroracoin.org/

Best of luck.

[STT]

The historic parallel to Aurora would be the homestead act. In that case you were gifted very great value potentially in land, however you would lose your stake if you did not improve the land and basically establish an economy.

Likely these people will not be that productive however as there will be no deflation or takeback, we will see the coin value tend towards 1 sat (inflation, currency supply excess to gdp or trade revenue conducted) as per every other coin.
However, I guess its worth a try

[surfer43]

People on r/technology are completely delusional and apparently like to comment on things without reading anything about them. Some samples of their fine commentary:

It's more "someone gives what they claim is $400 equivalent to everyone, then holds onto what would be billions if the equivalency were true"

This is basically a premine.
Some guy has mined a lot of a cryptocurrency, and then, because Icelands population are pretty well documented/administered, he's said "you can all have some of these coins - they're worth money, trust me"
Value is relative. If you give everyone free money, the value of the money goes down. If everyone has something then it's not worth much. If Aurora coins were worth anything, they wont be when they've all been claimed.
I'm a huge cryptocurrency advocate, but this isn't the way it should be happening. This rushed efforts by pseudonymous individuals are doing more harm than good. IMO, when these things inevitably flop because they've not been well thought out, it'll have a negative impact on the concept of cryptocurrencies as a whole.

Maybe it's not that simple? Wait, there was another half to that economic theory... demand! Everyone has money, is money worthless?

When this system fails (point out one other coin that has been premined and succeeded) the media will say "Bitcoin and cryptocurrencies are a failure" when in fact it's just this rushed implementation that will be a failure.

Gotta love those fallacies. 

50% of all auroracoins are pre-mined and in control of one private group.
The unclaimed coins will remain with this private group. Now, if the coins are totally anonymous and the Icelanders don't claim them, then the premined coin are an anonymous treasure.
As far as I know, a Brazilian group came up with this brilliant idea: let's create a "coin for Iceland"...100% genius. Now you got another group creating a coin for Spain....and so on.
These "alternative coins" use the Bitcoin software, have a couple of parameters and the logo changed, and bam! New coin! You can start your own coin for a couple hundred dollars, just pay developers and they'll customize the Bitcoin software to your brand.
tl;dr; Someone outside of Iceland is very rich today.

Did you read anything before you said that?

50% of the remaining coins will go towards a development fund and/or towards an Auroracoin foundation formed by the community. The other 50% will go towards a charity or charities, to be determined democratically by the Auroracoin community.

[balduro]

A reminder to miners and pool operators: Update to 1.2.0.0

[fairglu]

News from the claims watch:

• 12446 drops
• 395,782.7 AUR dropped
• 31,631,553.1 ISK dropped value at current rate (or 2,780,859.42 USD)

Best case reach of 3.867% of Icelanders, closing on 4%. Drop rates picked back up.

[ko6028]

It's time to dump all your AUR.

The coin is broken. Difficulty isn't adjusting like it should so miners are hardly finding any blocks.
As result transactions aren't confirming and the supposed "fix" is weeks away at the current pace (and there's no indication it's going to speed up).

Maybe it's for the best though, without working transactions the devs can't even dump the premine
And you can't blame the current price on miners dumping their share, blocks mined days ago are still unconfirmed.

Good advice
I have a similar feeling
Thank you

[ko6028]

3 hrs and my deposit to cryptsy still not confirmed  2/3  wtf seriously?

Confirm the time and safety are very concerned about our problems
Of course, in addition to price

[Coinonaer]

I want to blog about the Airdrop. Do you have a current number for me how many Coins already have been claimed by people of Iceland?

Many thanks in advance! 

[lunas]

that is one of the problems when the pools hop on aur they freeze the chain till difficulty adjusts then it moves again look back 10 or so pages you will see this has been an issue for the past 1000 blocks on an upside the fork should fix it. But it has been an uphill battle to get to block 5400. im holding till the coin either goes to the moon or at least until it hits .057 again really wish i had sold at .17