To be clear we have not abandoned the project.  If anyone has abandoned the project it would be the Icelanders that claimed their coins in 2014 and either sold the coins or have simply waited for other people to get involved without personally getting involved or contributing in any significant manner.

1.  The Auroracoin brand has clearly not been ditched.  Whatever that means.

2.  Yes, 80% of the Auroracoin holdings were sold to fund the Icelandic Blockchain Foundation, of which Auroracoin is a significant interest.  Aside from the CEO salary, none of the proceeds (ever) went to individuals or team members.

3.  Yes, as explained the funds were repurposed but it is not accurate to say these uses are not directly related to the coin.  

This decision to found the Icelandic Blockchain Foundation, maintaining Auroracoin as a primary working group within the Foundation ,
has done wonders for the legitimacy and objectivity within and without the foundation.  Especially in developer and legislative circles.

While your comments are well-founded and welcome they do not represent the reality of the situation.

If you would like to participate we would welcome your contributions.

Michael Hannes