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[Cryddit]

So what you are basically saying is that Bitcoin is the one and only true cryptocurrency and that all other attempts to improve or defer are an excuse to extinguish them? So it is our obligation to keep on going until everyone accepts only Bitcoin in this world? New Order?

Oh hell no.  I just said, a BTC holder who wants to maximize his return on investment has a rational reason to attack all altcoins.  A large BTC holder could easily believe that he has a reason to do so.  I never said whether I think that's a good thing or not. 

Better watch out mate, you never know when someone is going to refer to Bitcoiners as The Arian race and calls for hacking pools as were they the gas chambers to fee the world from the altcoins!

Wow, that's a new record.  Zero to Godwin's Law in one post!  I need to take a bow now.    

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[LTEX]

So what you are basically saying is that Bitcoin is the one and only true cryptocurrency and that all other attempts to improve or defer are an excuse to extinguish them? So it is our obligation to keep on going until everyone accepts only Bitcoin in this world? New Order?

Oh hell no.  I just said, a BTC holder who wants to maximize his return on investment has a rational reason to attack all altcoins.  A large BTC holder could easily believe that he has a reason to do so.  I never said whether I think that's a good thing or not. 

Better watch out mate, you never know when someone is going to refer to Bitcoiners as The Arian race and calls for hacking pools as were they the gas chambers to fee the world from the altcoins!

Wow, that's a new record.  Zero to Godwin's Law in one post!  I need to take a bow now.    

Ok mate, i see what you meant. If I really set a record, thank BCX, he's been sharpening me up over the last couple of days ;-)

[WalkerIVIV]

Aurora and scam? Have you ever been to Iceland and talk with local people ...you fool 

[s1gs3gv]

 I just said, a BTC holder who wants to maximize his return on investment has a rational reason to attack all altcoins. 

That's interesting !

[kalus]

Indeed I am talking about a malicious one, for the large enough pools, the network hashrate is irrelevant in case of a 51% attack. Truthfully, the fact that this is argued extensively in the forum and bitcoin wiki does not prevent such a possibility.

this thread is about the problems of auroracoin.  i'm happy to discuss the problems with bitcoin somewhere else.  what you're saying is true and we essentially agree on the risks and failure modes of bitcoin.  however, i do not equate the relatively low risk of bitcoin compared to the relatively high risk of the flawed auroracoin.  

everyone should realize that bitcoin is vulnerable.  i'm not minimizing any possible problems with oligarchical control of any blockchain.  however, is it more likely that 11ghash of network hashrate protecting the auroracoin blockchain can and will be attacked?  yes it is far more likely than a successful attack on the bitcoin blockchain.  

bad things can and will happen.  however, based on what we're talking about here bad things are more likely to happen to auroracoin.  that is why i value bitcoin far higher than auroracoin, or any other altcoin with such vulnerability.
  

from your quote:

if i can't lock my house, then i wouldn't leave anything valuable in there.  Similarly, i wouldn't put much value into a coin i could not secure.

i'm glad we are agreeing about this point.

there is no 100% safe blockchain, just as there is no 100% secure house  however, the bitcoin blockchain is more secure than all the other currencies.    i look at all cryptocurrencies, including bitcoin, as a high risk investment.  i'm certainly not putting my retirement into bitcoin, but i have some money i can afford to lose.  it doesn't have to be 100% or 0% secure:  for me it is a calculated risk, and i do not put much value into high risk investments.  

i wouldn't put much value into a coin i could not secure. ergo, most of my investments are in low-volatility financial instruments, not cryptocurrencies.  

that's why i have money in bitcoin, not auroracoin.  that's why you should too.  

[rojuwah]

well I agree that, bitcoin mining infrastructure is uncomparably more secure. 13gh/s is next to nothing, sorry I am off the topic.

At most, this coin may provide awareness on cryptocurrencies in general, not more I suppose. Say I am an icelander. Here is the deal, even if this coin is distributed to me, and I learn about cryptocurrencies, why would I not use bitcoin instead? It is supported a lot better, exchanges, and worthy internationally, examined/studied internationally has the network effect, etc.

[s1gs3gv]

well I agree that, bitcoin mining infrastructure is uncomparably more secure. 13gh/s is next to nothing, sorry I am off the topic.

At most, this coin may provide awareness on cryptocurrencies in general, not more I suppose. Say I am an icelander. Here is the deal, even if this coin is distributed to me, and I learn about cryptocurrencies, why would I not use bitcoin instead? It is supported a lot better, exchanges, and worthy internationally, examined/studied internationally has the network effect, etc.

Because bitcoin is inequitably distributed.

[chaoscoinz]

This thread has been very informative, I don't know jack beans about Bitcoins or altcoins but Ive learned a whole lot from this thread.
It would seem the crypto currency market has been infiltrated by numerous nefarious roosters who see this new technology as a method to bamboozle, Flem Flam, and pull the wool over
the eyes of unsuspecting speculators. After this thread I'm a little more skeptic in my coin choices.

 

[LTEX]

This thread has been very informative, I don't know jack beans about Bitcoins or altcoins but Ive learned a whole lot from this thread.
It would seem the crypto currency market has been infiltrated by numerous nefarious roosters who see this new technology as a method to bamboozle, Flem Flam, and pull the wool over
the eyes of unsuspecting speculators. After this thread I'm a little more skeptic in my coin choices.

 

Glad to be of public service!


~BCX~

[Warning__3]

If he really was going to scam everyone from the start he sure is pretty clever!
But for the good of everyone i really hope it will be successful "air drops"

[Bimmerhead]

Glad to be of public service!


~BCX~

BitcoinEXpress, please update your public service announcement now that the airdrop has begun.  For instance, you could provide evidence of the developer dumping coins and making millions, as indicated in the OP.

[ZeroBarrier]

Glad to be of public service!


~BCX~

BitcoinEXpress, please update your public service announcement now that the airdrop has begun.  For instance, you could provide evidence of the developer dumping coins and making millions, as indicated in the OP.

Like what? A counter on a website indicating how many AUR have been dumped since air drop? You know what, that's a brilliant idea. People are so gullible that they'll believe anything; they'll eat it up. Like putting feces in a candy wrapper and telling them it's chocolate; it's genius I tell you.

[Bimmerhead]

Like what? A counter on a website indicating how many AUR have been dumped since air drop? You know what, that's a brilliant idea. People are so gullible that they'll believe anything; they'll eat it up. Like putting feces in a candy raper and telling them it's chocolate; it's genius I tell you.

LOL a candy raper?  That is an interesting picture!  I can see it with a donut, maybe.

[ZeroBarrier]

Like what? A counter on a website indicating how many AUR have been dumped since air drop? You know what, that's a brilliant idea. People are so gullible that they'll believe anything; they'll eat it up. Like putting feces in a candy raper and telling them it's chocolate; it's genius I tell you.

LOL a candy raper?  That is an interesting picture!  I can see it with a donut, maybe.

Edit and fixed. I'm on the go and in a bit of a rush so I apologize for butchering the English language, which isn't my native language BTW.

[illodin]

With OP's cryptsy connections it should be possible to trace the premine coins and check if they are being deposited and sold on cryptsy by the same person?

Obviously the aur dev could create new cryptsy account for each 31.8 wallet and use different computers but eventually he would run out of computers/ip's right? At least if he is going to be selling them to the tune of "several million USD".

[kalus]

Obviously the aur dev could create new cryptsy account for each 31.8 wallet and use different computers but eventually he would run out of computers/ip's right?

proxy?

[ZeroBarrier]

With OP's cryptsy connections it should be possible to trace the premine coins and check if they are being deposited and sold on cryptsy by the same person?

Obviously the aur dev could create new cryptsy account for each 31.8 wallet and use different computers but eventually he would run out of computers/ip's right? At least if he is going to be selling them to the tune of "several million USD".

You do realize that the dev most likely has a team of people to help launder and dump the pre-mine right? There is absolutely no way he can do both air drop to wallet addresses help by himself and pump+dump this crap all on his own. My guess is he has 21 or so people helping him launder the pre-mine (21 pre-mine addresses, it's just a guess, a shot in the dark if you will). And while these 21 people create wallet addresses and exchange accounts, the dev transfers pre-mined coins into these wallets at a slow pace (given that the blocks are completely fucked and stuck it takes ages to confirm a transaction; which also begs the question how they moved that many fucking coins when the blockchain is so completely fucked to begin with). This pace ensures that the market doesn't instantly collapse and give this team a chance to maximize profits on a otherwise valueless coin (50% pre-mine, most of us with 2 brain cells to rub together wouldn't fucking touch this shit with a hundred foot pole while wearing a biohazard suit).

Believe what you wish, but anyone using even common sense will stay far away from this bullshit. The fact that the dev refused to use a trusted 3rd party as escrow for the air drop speaks for itself.

[majorminers]

Where are the pictures of the pilot and aircraft?

[illodin]

The fact that the dev refused to use a trusted 3rd party as escrow for the air drop speaks for itself.

Icelanders log in to the web page to claim their coins. Process is automatic. Coins are sent. Please describe how the escrow process should've been arranged in order you to have been 100% satisfied.

[ZeroBarrier]

Icelanders log in to the web page to claim their coins. Process is automatic. Coins are sent. Please describe how the escrow process should've been arranged in order you to have been 100% satisfied.

I'm sorry. Where is the 100% solid evidence that only people from Iceland are getting AUR from the air drop? A counter on the AUR website you say? Are you trying to tell me I should blindly believe anything a random and completely anonymous person on the internet says? And no, I'm not talking specifically about you, I meant the dev Balduro; which no one knows his real name, physical address, how old he/she is or even what he looks like.

You can not possibly be daft enough to trust a completely random and totally anonymous person on the internet, and if you do then you're just another one of the mass suckers born every minute into this world.