iceland's auroracoin

[lunas]

I cant find much on it a friend mentioned it to me last night the difficulty is rather low and the icelandic people at least a few of them want it to replace the hard currency they have that is worth less than toilet paper they are going to get about 31.5 coins to every icelandic citizen based on registered national id and that occurs on march 25th.

It is going to be partially premined. I am still very new to mining in general but does this seem like a good thing overall or is this a scam? I have not been able to find any mention of the coin on here.

[IanFoxley]

You mean this?

https://bitcointalk.org/index.php?topic=446062.0

[bearcoin]

interesting concept