Auroracoin - 7th Marketcap Altcoin

[Zzzack]

someone do zimbabwe coin , it could actually take off there big time.

lol Nigerian Coin NIG going for big bucks 

[Keyser]

This coin is 7th for the same reason that Ripple is number 2.  A huge premine is being figured in on the market cap.  In the case of Ripple, some 70 billion coins are sitting in Ripple Labs waiting to be given away or dumped which will of course bring down the perceived value.  

In aurora's case, if the premined portion was not magically included in the market cap valuation, then they would be much lower on the chart.

[bitfromit]

someone start a coin for each and every bankrupt country please 

Worldcoin... hahahahah!

[Lloydie]

4th spot now. This baby might even takeover number two spot.

[hvezdasmrti]

Again a coin which get first overpumped and nobody can invest in it because its expensive no matter how will it succeed or fail. This schema repeats always by every a bit promising coin. First is pump, realization is irrelevant because no matter how good the coin will do, the price must go only down after being overpumped. So there is no space for real investors which want to go to long-term investment. It will generate only loss or zero profit.

I am not an idiot to buy this coin which will start a big dump. DO you know what will islandians do first? THey will take their sinking auroras and change it immediatelly for bitcoin which is much more secure and accepted all around the world. So the only coin which will profit is bitcoin. And why the aurora will go to bottom when you give it away? Just because you overpumped it and it will be too valuable to hold (if the pump persists a while).

[chip99]

i knew many people are dumb but that dumb ....
you never learn enought lol

[hvezdasmrti]

This is why we have learned about double facepalms, tripple facepalms... Just because one facepalm doesnt enough 

[solid12345]

am not an idiot to buy this coin which will start a big dump. DO you know what will islandians do first? THey will take their sinking auroras and change it immediatelly for bitcoin which is much more secure and accepted all around the world. So the only coin which will profit is bitcoin. And why the aurora will go to bottom when you give it away? Just because you overpumped it and it will be too valuable to hold (if the pump persists a while).

If the average Icelander who is clueless about crypto is handed Auroracoins, you really think they will go exchange it for Bitcoin? If anything they will try to exchange it for cold hard cash if they don't want it.

[axxo]

Auroracoin now at #4 and bested a lot of altcoins on coinmarketcap even Doge. Amazing rise!

[SolidStateSurvivor]

Name does not make sense with being icelandic.

1/100th of an Icelandic (Ísländskú) krona is 1 AURar, so yes, in some way it actually makes sense.

Hvernig hvefur thu thad?

[cryptohunter]

rank on coin market cap means little to nothing.



coingen one with  999 999 999 999 minting ,
premine 99%
pay to put in on a couple of exchanges
put some of the premine on there
buy it from yourself for 50cents a piece

number 1 coinmarketcap


Yeah sure you may have to be more subtle that that, but you get the idea.


anything above a 10% premine shouldn't get listed on there really.

this coin should have zero interest for anyone outside of iceland, the only hope is some media attention on it for short term spike.

Even if it does spike, the selling pressure from miners and icelanders will increase and splat it hits the bottom hard.

[Lloydie]

This is of great interest to me even though I'm not Icelandic.  It's the "perfect" experiment to see whether you can run an economy on crypto.  Small, educated, highly internet aware population that hates temporary currency controls that have been in place for five years.

I just hope they don't mess up the airdrop.

[edok]

Name does not make sense with being icelandic.

Please tell me this is a joke.

[CoinHoarder]

Auroracoin will never go anywhere because it was premined.

The dev is probably dumping the coins he's supposed to give to all the Icelandic people.

Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.

[Lloydie]

Auroracoin will never go anywhere because it was premined.

The dev is probably dumping the coins he's supposed to give to all the Icelandic people.

Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.

The Dev will be wealthier if he distributed the coins per the airdrop. I'm not Icelandic but I think this coin is great because it could potentially push the adoption rate of cryptos in Iceland to above 1%. Free money - who would say no?

Btw, let's remember that Btc possession is 0.02% of global population. Anything that increases crypto awareness is ultimately also good for bitcoin.

[CoinHoarder]

Auroracoin will never go anywhere because it was premined.

The dev is probably dumping the coins he's supposed to give to all the Icelandic people.

Even if he does give some to every person in Iceland... as others have mentioned cryptos are global, hardly anyone outside of Iceland is going to like/use/invest Auroracoin.

The Dev will be wealthier if he distributed the coins per the airdrop. I'm not Icelandic but I think this coin is great because it could potentially push the adoption rate of cryptos in Iceland to above 1%. Free money - who would say no?

Btw, let's remember that Btc possession is 0.02% of global population. Anything that increases crypto awareness is ultimately also good for bitcoin.

Sure.. I can support the initiative, but I'm not going to be investing.

[wheatrich]

got to congratulate the dev if he's smart enough to just dump the coin rather than give millions of $ away for free.

People are generally resist change and that's not even including how difficult it is to even use crypto for the general public (and it's way way harder than we realize b/c we can do it)  not to mention if the icelandic gov't would allow this (I have no idea if they would or wouldn't but governments generally stop this kind of thing)

[Jeezy911]

This fall is going to hurt, anyone buying in now deserves to lose money.

[BohemianStalker]

Haha look at all the butthurt morons who didnt invest before, trying to rationalize why they did not do it and how awesome they are they managed to miss the spike. Hilarious what your egos can do.

[WompRat]

I generally support the idea of community currencies and local currencies and have done since long before bitcoin so I will be interested to see how this works. Personally, I would like to see more coins with negative interest rates launched.  It would have been nice if Auroracoin had cloned Freicoin instead of Litecoin.  It could have been a modern day Wörgl experiment.