Why me and a bunch of others believe in Auroracoin

[Canaanite]

When Auroracoin was launched its price was exactly the price it reflects now - 0.04-0.08 btc per AUR

I never invested before in any alternative crypto but Bitcoin and Litecoin-> (that I already converted the litecoin to AUR)
so what made me change my mind and trust an anonymous guy who premined tons of coins?

two things
1)the promise and innovation AUR offered (Yeah it was before all the Spaincoin, Isracoin, Scotcoin...)
2)Some good gut feeling.

I looked at all the other alts and they were clones with no difference. none of them had a real chance to become a real currency that is being used;
A large percent of them had something that really scares me when I look at crypto currency. especially at Bitcoin and Litecoin. a small minority hold most of them.

Auroracoin promised that its not going to be like that by making sure the supply will be divided in quite a fair way. It was aimed for a small population (almost a community) that loves technology and suffered from currency inflation for years and hate bankers. That's the perfect place!

I dont expect AUR to go to 100usd per AUR in the next few weeks or even months, and when it did go up I sold most of my AUR. But I believe that this is the only alternative coin that can be a competition to Bitcoin.

Yeah, I know the Icelandic government are Anti-cryptocurrency but I believe that when they re-consider the option and understand they have here an amazing and unique opportunity to actually FIX their flawed financial system, they will agree to regulate and adopt it.
almost 9% of Iceland's population (330k citizens) already claimed their coins in a bit more then a week! where else can you find statistics like that?
 
and unlike any other alts its the only alt coin beside bitcoin that I see people actually using
take a look at that http://aurcoin.is/      and that     https://bland.is/classified/?categoryId=44&sub=1     and that     https://www.facebook.com/groups/544259455688424/

In conclusion I would never put my life saving in AUR  (its still a pre-mined coin:) ), but I would defiantly buy some for my long term portfolio.
So far my guts were right about Baldur and he delivered what he promised, After following him and his posts  I really don't think he made this coin due to greed.

[roslinpl]

Aura coin is very promising.

I wish all best to Aura and community!
Regards!

[giveBTCpls]

The fact tit's the first coin ever to do an airdrop (whenever Cryptocurrencies history is taught, it will always get mentioned as the example), the fact it's Iceland, the fact it's also 21 million, the fact it's an official moolah supported coin, and the fact moolah may very well become a powerhouse name in the cryptobusiness in the future... Im holding for the long run at least some coins (long run = 1 year)

[El Dude]

you believe in Aurora cause you bought at $90 thinking it would overtake btc one day and didn't realize its a premined scam.

[Canaanite]

you believe in Aurora cause you bought at $90 thinking it would overtake btc one day and didn't realize its a premined scam.

you are wrong
I bought at 3$ sold all the way to 90$ and bought again at 2 stakes (15$ and recently at 3$)
so yeah, I have a big profit... But I really want AUR to be successful

my post at the announcement page
https://bitcointalk.org/index.php?topic=446062.320
February 12, 2014, 03:47:31 PM

[crunchynut]

indeed. you believe in it because you were stupid enough to invest in it and getting out is not as easy as getting in. the lies about how much money you made in theory is just another little trick your brain plays on you.

in reality, not a fuck was given in iceland about your internet monopoly money. it has no purpose and no relevance. and your "almost 9% of Iceland's population (330k citizens) already claimed their coins in a bit more then a week" is just lol. if you have to believe such obvious nonsense, you must be desperate.

[newuser01]

The fact that every other post in the Alternate cryptocurrencies forum is about Auroracoin suggests otherwise. It's a piece of shit coin that people are trying to pump&dump or get back what they invested (bag holders)

thanks

[Joshuar]

you believe in Aurora cause you bought at $90 thinking it would overtake btc one day and didn't realize its a premined scam.

+1, This^^^

[Canaanite]

indeed. you believe in it because you were stupid enough to invest in it and getting out is not as easy as getting in. the lies about how much money you made in theory is just another little trick your brain plays on you.

in reality, not a fuck was given in iceland about your internet monopoly money. it has no purpose and no relevance. and your "almost 9% of Iceland's population (330k citizens) already claimed their coins in a bit more then a week" is just lol. if you have to believe such obvious nonsense, you must be desperate.

I have seen the Auroracoin facebook page increase by five times (from 1000 to 5000) in a week by Icelanders.
As well as people trading it
so yeah.. someone DID claim these coins. Unless you can come with a solid prof that shows i'm wrong

[HCLivess]

Auroracoin has seen a lot of activity recently. Don't bash it that hard. People are interested.
At least now that the price is a little more realistic

[crunchynut]

indeed. you believe in it because you were stupid enough to invest in it and getting out is not as easy as getting in. the lies about how much money you made in theory is just another little trick your brain plays on you.

in reality, not a fuck was given in iceland about your internet monopoly money. it has no purpose and no relevance. and your "almost 9% of Iceland's population (330k citizens) already claimed their coins in a bit more then a week" is just lol. if you have to believe such obvious nonsense, you must be desperate.

I have seen the Auroracoin facebook page increase by five times (from 1000 to 5000) in a week by Icelanders.
As well as people trading it
so yeah.. someone DID claim these coins. Unless you can come with a solid prof that shows i'm wrong

sir, you believe that 9% of iceland's population actively went online to claim some pretty much useless playmoney from some geek corner of the internet. reason and you are obviously two different things. there is no point in arguing with you. instead take the palm of your favourite hand and place your face in it.

[Canaanite]

indeed. you believe in it because you were stupid enough to invest in it and getting out is not as easy as getting in. the lies about how much money you made in theory is just another little trick your brain plays on you.

in reality, not a fuck was given in iceland about your internet monopoly money. it has no purpose and no relevance. and your "almost 9% of Iceland's population (330k citizens) already claimed their coins in a bit more then a week" is just lol. if you have to believe such obvious nonsense, you must be desperate.

I have seen the Auroracoin facebook page increase by five times (from 1000 to 5000) in a week by Icelanders.
As well as people trading it
so yeah.. someone DID claim these coins. Unless you can come with a solid prof that shows i'm wrong

sir, you believe that 9% of iceland's population actively went online to claim some pretty much useless playmoney from some geek corner of the internet. reason and you are obviously two different things. there is no point in arguing with you. instead take the palm of your favourite hand and place your face in it.

again, give me your proof...
go to the blockchain and count http://explorer.auroracoin.eu/ , just something that show that what you believe in is true and not made up

[Beef Supreme]

Hey man I kind of understand your belief, as I would like to see Mazacoin be a success, even more than Aurora.  Icelandic people don't suffer from the kind of social/political pressure that the Sioux have to endure, but they still would stand to benefit from an even MORE level playing field that crypto currencies offer. 

But, why not just adopt a crypto currency that is strong, like Bitcoin?  It has to the power to resist attack, whereas fledgling currencies do not.  It has the support, the infrastructure, and it is more universally accepted.

If people as a whole insist on using a method of value transfer, then all parties involved will adapt.

[Canaanite]

Hey man I kind of understand your belief, as I would like to see Mazacoin be a success, even more than Aurora.  Icelandic people don't suffer from the kind of social/political pressure that the Sioux have to endure, but they still would stand to benefit from an even MORE level playing field that crypto currencies offer.  

But, why not just adopt a crypto currency that is strong, like Bitcoin?  It has to the power to resist attack, whereas fledgling currencies do not.  It has the support, the infrastructure, and it is more universally accepted.

If people as a whole insist on using a method of value transfer, then all parties involved will adapt.

I would also like to see Maza going up, But it probably wont happen so fast
We are talking about non technological people who live very poorly. just like Cryptocurrency will have hard time of Africa

Bitcoin looks very promising and I have seen a huge multiplier on it BUT you need to remember that 50% of the bitcoins is held by 1000 addresses. Its very centrist and unfair.
The people of Iceland are not allowed to buy Bitcoins by the law... they are only allowed to be given them for free, thats exactly what AUR do

[Beef Supreme]

Hey man I kind of understand your belief, as I would like to see Mazacoin be a success, even more than Aurora.  Icelandic people don't suffer from the kind of social/political pressure that the Sioux have to endure, but they still would stand to benefit from an even MORE level playing field that crypto currencies offer.  

But, why not just adopt a crypto currency that is strong, like Bitcoin?  It has to the power to resist attack, whereas fledgling currencies do not.  It has the support, the infrastructure, and it is more universally accepted.

If people as a whole insist on using a method of value transfer, then all parties involved will adapt.

I would also like to see Maza going up, But it probably wont happen so fast
We are talking about non technological people who live very poorly. just like Cryptocurrency will have hard time of Africa

Bitcoin looks very promising and I have seen a huge multiplier on it BUT you need to remember that 50% of the bitcoins is held by 1000 addresses. Its very centrist and unfair.
The people of Iceland are not allowed to buy Bitcoins by the law... they are only allowed to be given them for free, thats exactly what AUR do

I see that you have a prejudgment about groups of people that would be hard to dislodge.  So, I am not going to try.

I will say that all three groups have the ability to use crypto currency with equal effectiveness given the proper tools.

Bitcoin is for spending, not for holding.  While many prefer the latter.  They can't hold it forever, why would they?  What good is something that has no intrinsic value if it is not used?

[rgm108]

We are talking about non technological people who live very poorly. just like Cryptocurrency will have hard time of Africa

lol. Just goes to show how little you know of technology in Africa.

[Canaanite]

We are talking about non technological people who live very poorly. just like Cryptocurrency will have hard time of Africa

lol. Just goes to show how little you know of technology in Africa.

Africa lags regarding everything that is connected to Technology. The only exception is South Africa but its still far behind.

http://en.wikipedia.org/wiki/List_of_countries_by_number_of_broadband_Internet_users
http://en.wikipedia.org/wiki/Globalization_Index
and the list is LONG

I'm not trying to be racists here as. But bitcoin is a top end technology and not every place around this world is able to adopt it. In my opinion the whole world is not ready yet... but its heading that way

[poornamelessme]

But, why not just adopt a crypto currency that is strong, like Bitcoin?  It has to the power to resist attack, whereas fledgling currencies do not.  It has the support, the infrastructure, and it is more universally accepted.

If people as a whole insist on using a method of value transfer, then all parties involved will adapt.

As already stated, Iceland has some laws against bitcoin already. Although the govt. could eventually come up with the same laws against AUR. But it does make sense as to why bitcoin wouldn't be adopted or used initially.

I may be in the minority, but it sort of baffles me as to why anyone thinks bitcoin will really be adopted widespread as a currency anyway. As a commodity, yes, possibly. But as a currency, it's so insanely slow.

I don't think AUR will ultimately succeed vs bitcoin, but no real harm if the OP is simply hedging his bets and using a bit of his profit to buy some AUR at its current price. I certainly wouldn't go all-in on it though.

[micryon]

I'm in the same boat as OP.. sold at around $70, but have recently bought back at $3.

I still fundamentally believe in the AUR network as a currency for iceland, and maybe that region.  Mostly based from the activities I see on Facebook with AUR trades on secondary market goods.. i think it's found a niche to start with..

Now .. I don't know if that means the value should be $3 or 10 cents... but i've bought back the coins that i sold at $3 just because i think it's a cool experiment..  so.. go go AUR

[Bit_Happy]

I do not "believe in Auroracoin", but will watch to see how the interesting story develops.