Quote from: BauldersGate on May 04, 2015, 06:30:38 PM

Quote from: Skarfur on May 04, 2015, 06:25:12 PM

3. I have never stated anywhere that most of the coin is distributed to foreigners. Actually I believe the opposite, though some foreigners might hold some large bags. If Auroracoin gets good adoption in Iceland and the price gets right, those coins will find their way back to Iceland one way or another and so what if those bagholders made some profits on it. Good for them. That doesn't mean that the Icelanders who will buy these coins from them are loosing something.

Lets not kid ourselves on this point. Foreigners do hold most of the coins. The team is made up of foreigners except for the foundation and I doubt they doing all this work if they hold less then 10 000 coins each.
Kenchanyu, Biomike , LTEX must have over 1 million between them.

I still think this coin is going to be a great success but be real on this point.

There's a big point of confusion here... distribution vs investment.

I don't know Kenchanyu personally, but I do know he's not a part of the team. I also know from reading that he is an opportunistic investor. I don't know how much Biomike holds, but again... he's an investor. Same with LTEX, only he's been a backer of AUR for quite some time now, and he's invested in the coin over the last year because he believed in it. There was no distribution to these three, just like there was none to me. I invested, but only because I am taking an active role in helping this coin technically. It would be stupid for me to put work into this coin and not invest. I don't think anyone here would argue with that. As much as we'd like to think we're all altruistic and whatnot, at the end of the day, one thing brought us to this place. We all wanted to make a profit off of all this crazy, free internet money. One thing I can assure you, though, is that you are so wildly off your estimation of what these 3 own collectively that it's laughable.

But at this point, what does it matter how much people own from where? What's to say I'm not going to get tired of where I'm at in life, and I don't just pack my bags and move to Iceland? Between Eve Online, a 97% broadband availability rate, and the #freethenipple campaign, I'm already sold on moving there.

If you're so worried about foreigners owning coin, start pushing for adoption in Iceland. Skarfur is correct... the coins will make their way back to Iceland. When the country gets closer to a closed-loop system, there won't be much room for foreign investors, including myself.

-Fuse