I still think you guys don't get my point I'm trying to make. I'm trying to make an ethical point, not something else.
I have seen quite some comments non favorable regarding the current Icelandic conditions, spanning back when the bank crisis began. And, that Auroracoin could prove a solution to it. So okay, Auroracoin pops in and gets accepted among the Icelandic population. Hurrah. And then some whale, P&D group or whatever comes along, and messes up Auroracoin pretty bad.
The above situation(s), whom would be held responsible you'd think? *COULD* it be, that in such case, people *might* tend to look that the dev team for *potential* being the ones responsible? Simply, for *introducing* it into Iceland?
Has the dev team *thought* of that? Cuz I can't read anything anywhere back regarding such. I can find enough things like 'we can do better, yeah we can do better, fiat sucks, Auroracoin is better, better than the current system, the current system sucks, etc'.
But what I can't find back, anywhere, is where somebody steps up with a mild display of responsibility *if* things would go sour. Which, they can. Because, this is crypto! Highly volatile!!!
So I'll simplify the question:
Has the dev team, *considered* they *could* be responsible, for plummeting 330k people, *again* into a *potential* financial roller coaster?
Where's the ethics?
Ok, I do see your point and I can say we obviously have given that a lot of thought. We are however not stating we are going to take over the Krona in Iceland in a flash. Maybe even not at all. Our main goal is to get Auroracoin adopted along side the Krona for now.
You see, for sure things will be volatile in the beginning and there will always be opportunities for whales and their P&D schemes. But we think that once the organic growth of adoption and actual usage is gradually increasing, so will the prospect of those schemes gradually decline. If the actual market picks up larger volumes there simply will not be enough AUR around to play with for the Whales. Of course this is something that won't happen over night and might even take well over 5 years.
Mind you that of all crypto currencies Auroracoin has by far the highest spread and penetration of it's targeted market. Around 10% of the population has claimed their airdrop coins, they hold over 50% of the liquid market (taken into account that the burned premine is gone and the DEV fund will only be spend inside Iceland). And I personally know the holders of the larger wallets and they are all in this for the long run.