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

[elviselvis101]

It's funny how I mined 30 of these coins and didnt sell when they were like 2000 USD. Actually it isn't fucking funny. Im not selling them now at current price, I will hold for the 0.000000000000001% chance that the whole monetary system collapses and somehow AUR gets picked up by Ireland lol.

If the whole monetary system collapses , I doubt that auroracoin will save the day.
Even the BTC fanatics don't wanna see a huge collapse happening overnight.

And , there is also the slight chance of 0.0000000000000000000000000000001% that indeed , auroracoin will be picked up by IRELAND .

Ireland 

[Maurizio]

Balduro are you not allowed to post anymore?

[Monopoly]

It's going to dead .

[mcjavar]

It's going to dead .

Deaded!

[SamWalters]

I believe the airdrop had no true meaning... I think there is a new innovative model called POD: Proof of Distribution.

AUR cranked downward after the airdrop (validated or not) and it had a big mess with the fork. Seems the team has no more support.

What is the community up to?  Anyone here involved with other country related coins???

I found an interesting one after reading Mike Scofield's Proof of Distribution model  https://bitcointalk.org/index.php?topic=584591

[hellyeahent]

Always bet on black 

[toolatetoberich?]

While I have wanted this project to succeed from when it was first announced, it is now obvious (to me anyway!) that it started with a very serious handicap.

Basically, to get broad usage in the general population Auroracoin needed a level of infrastructure before the airdrop:

a) AUR wallet software for the main mobile devices, Android, windows mobile, iOS (jailbroken if necessary)
b) an AUR merchant service like BitPay ready to sign up businesses
c) an AUR/ISK exchange ready to go
d) the promoter on the ground in Iceland's towns talking to people, businesses, putting a friendly face to the whole endeavor.

The absence of these means a lot longer time frame to get traction, if at all.

This is all very true and a good analysis of the situation.  If anything happens with AUR ever it will probably take a very long time and a baffling commitment from a dev, it may be very sweet to have some aur coins like 4 years down the road though :/

[stompix]

Although inflation is a persistent problem with all fiat currencies, the Icelandic krona has been inflated consistently to a greater extent than other such currencies, losing more than 99.5% of its value to the dollar since 1960, in a time when the dollar lost 98% of its value to gold!

It took auroracoin just a few months to lose 99.6% of it's value.

And with this the dream is over .

[dragonseer]

Although inflation is a persistent problem with all fiat currencies, the Icelandic krona has been inflated consistently to a greater extent than other such currencies, losing more than 99.5% of its value to the dollar since 1960, in a time when the dollar lost 98% of its value to gold!

It took auroracoin just a few months to lose 99.6% of it's value.

And with this the dream is over .

To be fair, you would have to look at the value at the beginning of the airdrop, when it was introduced to Icelanders. But the silence from the developers since the Airdrop has been damning. No plans for any integration into Icelandic society that people outside the country can appreciate. I still have Auroracoin - but to be honest, this has been such a disaster that it has done a great deal of damage to the cause of crypto-currencies. This is like the MT Gox of Altcoins, and it's because of coins like this that the market is only getting smaller. Cryptos are supposed to be encouraging transparency but either the devs are keeping silent about real progress or they have no other plans because they have already made their money out of this scam.  

[molecular]

Although inflation is a persistent problem with all fiat currencies, the Icelandic krona has been inflated consistently to a greater extent than other such currencies, losing more than 99.5% of its value to the dollar since 1960, in a time when the dollar lost 98% of its value to gold!

It took auroracoin just a few months to lose 99.6% of it's value.

And with this the dream is over .

To be fair, you would have to look at the value at the beginning of the airdrop, when it was introduced to Icelanders. But the silence from the developers since the Airdrop has been damning. No plans for any integration into Icelandic society that people outside the country can appreciate. I still have Auroracoin - but to be honest, this has been such a disaster that it has done a great deal of damage to the cause of crypto-currencies. This is like the MT Gox of Altcoins, and it's because of coins like this that the market is only getting smaller. Cryptos are supposed to be encouraging transparency but either the devs are keeping silent about real progress or they have no other plans because they have already made their money out of this scam.  

(criticism herein is not necessarily directed towards Dragonseer)

I find it a bit unfair to put blame on balduro. He has done a huge amount of effort and as far as we can tell remained honest with the premine (at least there's no evidence to the contrary). Bootstrapping a currency for a nation is not something that can be done by a single person. The bitcoin community did help (many contributed great work). The reaction / contribution of Icelanders themselves I cannot judge. But it was apparently not widespread enough to have the desired effect (continued use of the money in Icelandic markets and person to person). But one thing is for sure: simply buying AUR and hoping for the best (or even demanding more action from the founder) is not enough.

This was (or "is", I don't consider it over yet) a very interesting experiment. It might be "such a disaster" for you, maybe you lost money, I don't know. For me it's something we can learn from.

I don't think it has brought more harm than good for crypto in general so far, either.

[dragonseer]

I find it a bit unfair to put blame on balduro. He has done a huge amount of effort and as far as we can tell remained honest with the premine (at least there's no evidence to the contrary). Bootstrapping a currency for a nation is not something that can be done by a single person.

Alright, so why doesn't he address the state of the coin as it is now? Does he need help? What obstacles are they facing? There doesn't seem to be a clear direction for this coin anymore as far as I can tell. When I said that Auroracoin has hurt crypto-currencies in general I am talking not just about the apparent apathy and indifference that has set in in regards to this coin - I am saying this has pretty much 'poisoned the well' as far as any pre-mined and/or regional coins go.

[ghur]

To be fair, you would have to look at the value at the beginning of the airdrop, when it was introduced to Icelanders. But the silence from the developers since the Airdrop has been damning. No plans for any integration into Icelandic society that people outside the country can appreciate. I still have Auroracoin - but to be honest, this has been such a disaster that it has done a great deal of damage to the cause of crypto-currencies. This is like the MT Gox of Altcoins, and it's because of coins like this that the market is only getting smaller. Cryptos are supposed to be encouraging transparency but either the devs are keeping silent about real progress or they have no other plans because they have already made their money out of this scam.  

Honestly, you're completely overstating the importance of Auroracoin.

In a giant sea of other shitcoins and scamcoins, Auroracoin is just another water drop.
No damage was done to crypto currency in general.

Bag holders have been warned right from the start this coin wasn't going anywhere.

[dragonseer]

To be fair, you would have to look at the value at the beginning of the airdrop, when it was introduced to Icelanders. But the silence from the developers since the Airdrop has been damning. No plans for any integration into Icelandic society that people outside the country can appreciate. I still have Auroracoin - but to be honest, this has been such a disaster that it has done a great deal of damage to the cause of crypto-currencies. This is like the MT Gox of Altcoins, and it's because of coins like this that the market is only getting smaller. Cryptos are supposed to be encouraging transparency but either the devs are keeping silent about real progress or they have no other plans because they have already made their money out of this scam.  

Honestly, you're completely overstating the importance of Auroracoin.

In a giant sea of other shitcoins and scamcoins, Auroracoin is just another water drop.
No damage was done to crypto currency in general.

Bag holders have been warned right from the start this coin wasn't going anywhere.

It seems Auroracoin was the first 'shitcoin and scamcoin' to hit the news? Every crypto has trolls saying it will never amount to anything, maybe they are all doomed to fail? How are people that don't spend time on this board supposed to know the difference?

It isn't clear what's happened to Auroracoin, maybe Balduro has given up, maybe he has some tricks up his sleeve, maybe someone put a gun to his head, I'm pretty sure you don't know either

[FreeJack2k2]

It seems Auroracoin was the first 'shitcoin and scamcoin' to hit the news? Every crypto has trolls saying it will never amount to anything, maybe they are all doomed to fail? How are people that don't spend time on this board supposed to know the difference?

It isn't clear what's happened to Auroracoin, maybe Balduro has given up, maybe he has some tricks up his sleeve, maybe someone put a gun to his head, I'm pretty sure you don't know either

His experiment failed...pretty spectacularly. It has achieved no adoption whatsoever. I don't know about you, but I think that'd remove all of my motivation to work on it.

[voluntarist500]

there will be a lot of butthurt when this coin has a value of 100$ again in 2015

[FreeJack2k2]

there will be a lot of butthurt when this coin has a value of 100$ again in 2015

LOL based on what? Hopeful optimism?

[stompix]

there will be a lot of butthurt when this coin has a value of 100$ again in 2015

Better think about the butthurts that spend 90$ on a 30 cents worth (now) coin.
With that pain in the ass I doubt they will still deal with cryptos in 2015.

[Miner232432]

there will be a lot of butthurt when this coin has a value of 100$ again in 2015

Spoken like a true optimistic bag holder

How many coins you get caught holding ? A few thousand ?
You're better off just cutting your losses and selling, if you can get enough BTC buy support to buy them

Iceland dumped the coin when they got it for free, who is going to pump a dead coin to $100 ?

[voluntarist500]

lol. i took position over the last 5 days. didn't touche it before. In fact i am up 5%. I feel sorry for people who couldn't think in buy into it for 90$. It was very clear from the beginning it would play out like this.
Was really easy to pump yesterday. It is oversold for sure. I think Balduro is busy buying it up himself (smart man) and will come back with good news once altcoins go up again. I don't see anything wrong with the coin. Of course it still can go lower and i hope it does. I wait to buy more.

[Miner232432]

lol. i took position over the last 5 days. didn't touche it before. In fact i am up 5%. I feel sorry for people who couldn't think in buy into it for 90$. It was very clear from the beginning it would play out like this.
Was really easy to pump yesterday. It is oversold for sure. I think Balduro is busy buying it up himself (smart man) and will come back with good news once altcoins go up again. I don't see anything wrong with the coin. Of course it still can go lower and i hope it does. I wait to buy more.

Then you are mad

The whole selling point for the coin was the adoption from a nation, that nation didn't adopt the coin instead they dumped it so now the coin has no value and no point for its existence other than a collectors item (I own 1 Aur still just for that fact)

There is nothing Balduro can do to save the coin, he already gave 50% away for free and people didn't want it, what else can he do ? And let's not even talk about the horrendous confirm times which helped seal its fate