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molecular
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February 21, 2014, 09:09:44 AM
 #41

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange?

You should take a look at what's happening in Turkish Lira lately, amongst other currencies.

Also: the "foreigners" will, at the point of the airdrop own roughly 150,000 AUR, while icelandic population has potential access to 10,500,000 AUR.

So the "foreigners" have 1.5% of the currency while the icelanders have access to 98.5%.

Who do you think is going to play games with the market? Namely the "dump"-game.


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February 21, 2014, 09:33:03 AM
 #42

Zimbabwe is another place where something like this could work, their economy has gone down hill big time over the last decade, time to replace those 1 trillion dollar notes with a cryptocurrency!

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February 21, 2014, 10:31:47 AM
 #43

Zimbabwe is another place where something like this could work, their economy has gone down hill big time over the last decade, time to replace those 1 trillion dollar notes with a cryptocurrency!

There are so many failing economies around the world Smiley what about Argentina? Cyprus?
Iceland has small population (almost a community), very technological loving environment,  and access to the internet. Simply the best ground the start this kind of a project.
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February 21, 2014, 12:14:15 PM
 #44

Ye but Zimbadwe has problem with infrastructure to support cryptos such as steady electricity delivery and decent computers for every residents. Without that you cant have cryptos.
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February 21, 2014, 05:41:01 PM
 #45

Zimbabwe is another place where something like this could work, their economy has gone down hill big time over the last decade, time to replace those 1 trillion dollar notes with a cryptocurrency!
They should dump they currency completely for bitcoin.


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February 21, 2014, 07:08:08 PM
 #46

Is anyone else worried about the long transaction time for aurora if this is about to hit mainstream?

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February 21, 2014, 07:37:19 PM
 #47

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange?

You should take a look at what's happening in Turkish Lira lately, amongst other currencies.

Also: the "foreigners" will, at the point of the airdrop own roughly 150,000 AUR, while icelandic population has potential access to 10,500,000 AUR.

So the "foreigners" have 1.5% of the currency while the icelanders have access to 98.5%.

Who do you think is going to play games with the market? Namely the "dump"-game.


As I said before, lets hope for the best.


 
 
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February 22, 2014, 02:30:27 AM
 #48

Very interesting coin, the first country that will try to use crypto currency to be independent from banksters...

If adoption by Island citizen and business is great.. This could became an historic coin..

I always like to read about Island and their citizen.. they are awesome !
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February 22, 2014, 05:47:31 AM
 #49

With all due respect Nem coin really seems to be the most exciting altcoin of 2014. Too much excitement around it. I will give Auroracoin a shot though.

                                 
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February 22, 2014, 08:17:36 AM
 #50

What makes aurora interesting is not only is it putting the coin in people's hands directly, which not many alts have done if any, its also giving the coins real world value before doing so.  So you already have a head start since the trust that it has value is already there.  Assuming a high percentage of Icelanders will be able to comprehend what they get.

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February 22, 2014, 08:51:40 AM
 #51

What makes aurora interesting is not only is it putting the coin in people's hands directly, which not many alts have done if any, its also giving the coins real world value before doing so.  So you already have a head start since the trust that it has value is already there.  Assuming a high percentage of Icelanders will be able to comprehend what they get.

Another benefit is that the Auroracoin won't be held by a bunch of greedy geeks who pump it and run away like all other cryptocurrencies.
Its going to be more "equal" and spread through a large number of people. even then the bitcoin is held by a minority.

http://bitcoinrichlist.com/charts/percent-bitcoins-owned-by-richest
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February 23, 2014, 10:41:30 AM
 #52

Aurora is not interesting. You could spread bitcoin yourself if you wanted to, but there is a slight difference. Bitcoin is actually worth something.


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February 23, 2014, 11:02:18 AM
 #53

Aurora is not interesting. You could spread bitcoin yourself if you wanted to, but there is a slight difference. Bitcoin is actually worth something.

Bitcoin has been falling and falling since the bubble 3 months ago. Very uninteresting.
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February 23, 2014, 12:16:12 PM
 #54

I strongly support Auroracoin

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February 23, 2014, 12:45:41 PM
 #55

Aurora is not interesting. You could spread bitcoin yourself if you wanted to, but there is a slight difference. Bitcoin is actually worth something.
I agree it would be neat to be able to spread $100+ with of Bitcoin to 350,000 people in a single country but very few in this world have the capital to do that.  That's the incredible aspect of altcoins and Auroracoin.  It can be created and if people think it is a good idea, they can adopt it and it is given value.  And now the coins that are going to be given to the Icelandic people are worth over $100 and rising.  All with very negligible startup costs.  

It's very exciting in my opinion.
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February 23, 2014, 06:53:13 PM
 #56

Zimbabwe is another place where something like this could work, their economy has gone down hill big time over the last decade, time to replace those 1 trillion dollar notes with a cryptocurrency!

There are so many failing economies around the world Smiley what about Argentina? Cyprus?

Well, something similar is being tried in cyprus (by neobee). They're not using a new coin, but bitcoin instead.

So we have at least two interesting experiments of this type (introduction of crypto to a nations people) going on...

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February 23, 2014, 06:55:05 PM
 #57

Aurora is not interesting. You could spread bitcoin yourself if you wanted to, but there is a slight difference. Bitcoin is actually worth something.
I agree it would be neat to be able to spread $100+ with of Bitcoin to 350,000 people in a single country but very few in this world have the capital to do that.  That's the incredible aspect of altcoins and Auroracoin.  It can be created and if people think it is a good idea, they can adopt it and it is given value.  And now the coins that are going to be given to the Icelandic people are worth over $100 and rising.  All with very negligible startup costs.  

Exactly. It's like "money on demand"

LaudaM, you should think about why bitcoin has value. Then think about wether or not Auroracoin could acquire value also.

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February 23, 2014, 06:56:33 PM
 #58

I strongly support Auroracoin

I suggest people think before putting in too much of their savings. The rate might very well take a huge hit by airdrop. Maybe the best time to buy in is after the airdropping has started.

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February 23, 2014, 08:00:11 PM
 #59

I like the idea of Auroracoin. If this experiment will succeed than it will pushes the whole cryptocoin thing.

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February 23, 2014, 09:29:48 PM
 #60

I like the idea of Auroracoin. If this experiment will succeed than it will pushes the whole cryptocoin thing.

Exactly. This is why everyone not only those holding AUR's should be rooting for this to succeed.
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