Bitcoin

[LTEX]

Auroracoin does not sound like a coin desiring world wide acceptance.

Giving free coins to Icelanders is very nice but  does nothing to endear itself to the global community.  

I consider this coin as an experiment. If it doesn't work in Iceland, it'll probably work nowhere.

Which is exactly why we (as supporters of crypto) need to put in some effort to make this work  

[1714854618]

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[rokkyroad]

Auroracoin does not sound like a coin desiring world wide acceptance.

Giving free coins to Icelanders is very nice but  does nothing to endear itself to the global community.  

I consider this coin as an experiment. If it doesn't work in Iceland, it'll probably work nowhere.

Which is exactly why we (as supporters of crypto) need to put in some effort to make this work  

I'm still missing the point of what makes this "the most exciting altcoin of 2014". Please enlighten me.

50% premined for the residents of Iceland fails to excite me.  What else makes this coin worthy of investment for *outsiders*? 

Make me an honorary Icelander and give me some free coins and I'll jump onboard ...

[MyFarm]

Auroracoin does not sound like a coin desiring world wide acceptance.

Giving free coins to Icelanders is very nice but  does nothing to endear itself to the global community.  

I consider this coin as an experiment. If it doesn't work in Iceland, it'll probably work nowhere.

Which is exactly why we (as supporters of crypto) need to put in some effort to make this work  

I'm still missing the point of what makes this "the most exciting altcoin of 2014". Please enlighten me.

50% premined for the residents of Iceland fails to excite me.  What else makes this coin worthy of investment for *outsiders*?  

Make me an honorary Icelander and give me some free coins and I'll jump onboard ...

Exciting doesn't always mean you get to profit.  I personally find the potential of a country adopting a cryptocurrency extremely exciting for a plethora of reasons.

[MyFarm]

Unless this coin is released by Icelandic devs and supporters, you guys don't see a problem of foreigners feeling entitled to replace the currency of Iceland?

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange? Also, who said Icelanders want to get rid of the government they elected?

Auroracoin gives them CHOICE.  If they choose not to adopt it, that's fine.  If they like the idea and utilize it, fantastic. 

As for foreigners trading others' currency, it is done to the tune of trillions of dollars a day on the forex markets.

And nobody ever said anything about getting rid of their government.

[Wipeout2097]

Unless this coin is released by Icelandic devs and supporters, you guys don't see a problem of foreigners feeling entitled to replace the currency of Iceland?

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange? Also, who said Icelanders want to get rid of the government they elected?

Auroracoin gives them CHOICE.  If they choose not to adopt it, that's fine.  If they like the idea and utilize it, fantastic.  

As for foreigners trading others' currency, it is done to the tune of trillions of dollars a day on the forex markets.

And nobody ever said anything about getting rid of their government.

So, you don't see the irony, neither you're interested in directly addressing the points?

Very well. Let's hope this is INDEED the best for Icelanders, not a "rat's lab" experiment.

[LTEX]

Auroracoin does not sound like a coin desiring world wide acceptance.

Giving free coins to Icelanders is very nice but  does nothing to endear itself to the global community.  

I consider this coin as an experiment. If it doesn't work in Iceland, it'll probably work nowhere.

Which is exactly why we (as supporters of crypto) need to put in some effort to make this work  

I'm still missing the point of what makes this "the most exciting altcoin of 2014". Please enlighten me.

50% premined for the residents of Iceland fails to excite me.  What else makes this coin worthy of investment for *outsiders*? 

Make me an honorary Icelander and give me some free coins and I'll jump onboard ...

The excitement (at least for me) lies within the opportunity to get it right for once. Not only with cryptocurrency, but also with an entire economy that adapts it. When you look into the potential Iceland has to make this work, you automatically get drawn into its prophecy...

[MyFarm]

Unless this coin is released by Icelandic devs and supporters, you guys don't see a problem of foreigners feeling entitled to replace the currency of Iceland?

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange? Also, who said Icelanders want to get rid of the government they elected?

Auroracoin gives them CHOICE.  If they choose not to adopt it, that's fine.  If they like the idea and utilize it, fantastic.  

As for foreigners trading others' currency, it is done to the tune of trillions of dollars a day on the forex markets.

And nobody ever said anything about getting rid of their government.

So, you don't see the irony, neither you're interested in directly addressing the points?

Very well. Let's hope this is INDEED the best for Icelanders, not a "rat's lab" experiment.

I apologize, I'm not sure what I didn't address.  Please restate it and I'll be happy to answer if I'm able to.

[Wipeout2097]

Ok, you're at least as intellectual honest as myself, perhaps even more. Thanks!

Regarding the point of pump-and-dump and your view against "banksters" and Icelandic people's "shackles", take a look at this: https://bitcointalk.org/index.php?topic=474757.0

See the irony?

[Canaanite]

Unless this coin is released by Icelandic devs and supporters, you guys don't see a problem of foreigners feeling entitled to replace the currency of Iceland?

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange? Also, who said Icelanders want to get rid of the government they elected?

Auroracoin gives them CHOICE.  If they choose not to adopt it, that's fine.  If they like the idea and utilize it, fantastic.  

As for foreigners trading others' currency, it is done to the tune of trillions of dollars a day on the forex markets.

And nobody ever said anything about getting rid of their government.

So, you don't see the irony, neither you're interested in directly addressing the points?

Very well. Let's hope this is INDEED the best for Icelanders, not a "rat's lab" experiment.

I also hope its not a rat's lab, there is a need to be very careful with a coin that has high volatility, thats why I dont see this coin replacing the Krona soon, BUT it will put a lot of pressure on the Icelandic government not to inflate and print money because Icelanders will have the opportunity to buy and hold AUR.

[Lauda]

No.

[MyFarm]

Ok, you're at least as intellectual honest as myself, perhaps even more. Thanks!

Regarding the point of pump-and-dump and your view against "banksters" and Icelandic people's "shackles", take a look at this: https://bitcointalk.org/index.php?topic=474757.0

See the irony?

I admittedly don't see the irony, but feel free to point it out to me as I occasionally wonder where my keys are as they sit on my desk in front of me.

Regarding the post you linked to, I can't say it was the most well-written, articulate diatribe I have ever read.  I would say it sounds more pump and dump than informative.  But that's the way of cryptocurrencies at present.  We have to sift through a ton of garbage to find the gems.  And sometimes even those gems are locked inside rocks with ugly exteriors and we have to use our imagination and some tools to help unlock the potential.

Is Auroracoin a gem?  I sincerely don't know.  But I think it has the potential to be one.  And if it does turn out to be a gem, it's going to be really exciting to watch and partake of.  Please note that I used, "MAY BE" in the title.  Not, "Will be".  I'm not trying to pump and then dump Auroracoin.  I'm only interested in bringing attention to a coin that is doing something different and potentially very exciting.  If people do their own research and see it the same way as me, great.  If not, that's ok too.  Time will tell.

[deadthings]

I agree $100 is little in the grand scheme of things

It'll buy about five pints in Reykjavik. Change the world indeed.

[MyFarm]

I agree $100 is little in the grand scheme of things

It'll buy about five pints in Reykjavik. Change the world indeed.

And 10,000 Bitcoin once bought a pizza.

[r0ach]

I think it has a high chance of turning into a currency there for one reason, market penetration.  Bitcoin has crap for market penetration because most people don't know how to work a VCR, let alone mine something.  Whether this currency works or not will depend on having easily accessible wallet applications on phones, other devices, and ease of use in vendors accepting it.

As long as the currency lasts a few months, eventually some restaurants will start taking it.  The country is rich enough that $100 isn't that much, and not everyone is going to just rush out to claim a free meal when the speculative price in the future might be higher.  The same speculators will be buying up coins, while some small business will be accepting them, creating liquidity.  

As long as the coin is valued at *something*, eventually, the deflationary aspect will help increase the price.  Another alternative is, lots of people might start using this coin, then abandon it and switch to Bitcoin, or other coins.

[deadthings]

And 10,000 Bitcoin once bought a pizza.

USD is USD no matter how optimistic your math is.

[mkonecny]

thats it? no innovation?

Dogecoin had no innovation either - it's all about the userbase/liquidity. Arguably Vertcoin is the best altcoin from an innovation perspective, but it definitely doesn't have the same market cap nor publicity.

[theomoplatapus]

thats it? no innovation?

Was the iPhone revolutionary because of technical innovation?  What about the personal computer?  No, they were revolutionary because they connected people with these existing technologies and gave them what they needed before they even knew they needed it.

[molecular]

Unless this coin is released by Icelandic devs and supporters, you guys don't see a problem of foreigners feeling entitled to replace the currency of Iceland?

You also don't see a problem of foreigners pumping-and-dumping a national currency on an exchange? Also, who said Icelanders want to get rid of the government they elected?

They are given an option. They have a choice.

What's wrong with that?

[molecular]

Auroracoin does not sound like a coin desiring world wide acceptance.

Giving free coins to Icelanders is very nice but  does nothing to endear itself to the global community.  

I consider this coin as an experiment. If it doesn't work in Iceland, it'll probably work nowhere.

Which is exactly why we (as supporters of crypto) need to put in some effort to make this work  

I whole-heartedly agree.

We need to to this and we need to do it wihtout direct monetary incentive, out of "idealism" so-to-speak.

[molecular]

Auroracoin does not sound like a coin desiring world wide acceptance.

Giving free coins to Icelanders is very nice but  does nothing to endear itself to the global community.  

I consider this coin as an experiment. If it doesn't work in Iceland, it'll probably work nowhere.

Which is exactly why we (as supporters of crypto) need to put in some effort to make this work  

I'm still missing the point of what makes this "the most exciting altcoin of 2014". Please enlighten me.

50% premined for the residents of Iceland fails to excite me.  What else makes this coin worthy of investment for *outsiders*? 

Make me an honorary Icelander and give me some free coins and I'll jump onboard ...

The airdrop onto a somewhat enclose, tech-savvy and screwed-by-bankers population is the exciting experiment.

This is no get-rich-quick scheme. If you're looking to make money, I suggest you look elsewhere.