Quote from: Bimmerhead on June 17, 2016, 01:20:56 AM

Quote from: JessicaG on June 16, 2016, 04:36:20 PM

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?

You also aren't getting my point: there is no risk-free financial system. What we are offering is designed to reduce some of the risks associated with the current system. We also are not forcing anyone to join us in this experiment - it is purely voluntary. That is a positive in terms of ethics.

The scenario you are imagining, where 330k people are plummeted into a financial crisis, would require Auroracoin to have a market capitalization in the billions of US $. What kind of whale could manipulate that system? Why isn't this whale currently causing stock prices for hundreds of companies on the Nasdaq to vary by 75%?

Additionally, if someone were to manipulate the price to the point that we're discussing here, what is there for us to do? Manipulate the price in the other direction? That's not for us to control. It's up to the people.

The beauty of crypto is that it's in the hands of the people, and it's controlled by them... not the government. We're not dictating the value. We're not really dictating anything other than the fact that we're here to work towards an alternative to government controlled finance, which has more day to day "legal" manipulation than I think you will ever see in the future of AUR.

I'm sure you're going to see attempts at manipulating the price. Hell, I almost guarantee it once AUR breaks $1. It will be like the wild west, but eventually the majority of people will dictate what the price is, and that single person or rogue PND group won't be able to compete with that.

Just my two cents.

-Fuse