I am interested in Auroracoin but often heard of it as being a scam.
Why do people say Auroracoin is/was a scam? As it has been a free airdrop among all of Iceland's citizens, I cannot see how this could be a scam?
There was tremendous pump at dump at the very beginning.
Lot of butthurts yelling scam. I call it free market.
This coin is legit project, especially now under new team.
Yes I would say that is the main foundation of the scam yelling along with the creator's anonymity.
This pump and dump had nothing to do with the developers at the time. There were just some unrealistic expectations that there would just be a bang and all of a sudden Auroracoin would be instantly adopted in Iceland. This of course could or would never happen as this takes hard dedicated work for a long period of time. The bank crash in 2008, capital controls and the airdrop are just factors to give Auroracoin a good head start. So I guess a lot of people got burned in the initial hype and the fact that the creator was/is anonymous and initially had control over 50% of the total coin supply that was premined was just a breeding ground for scam accusations. I myself was worried that something might surface that would prove these accusations correct but it never did and I would never had started to dedicate myself to this project, put my name and face behind it if there was anything that would have indicated that this project was not authentic. I believe that all the other guys who are dedicating themselves on this project with me would say the same.