As someone who has been an Auroracoin enthusiast since February 2014, I have to say I was a little surprised to read that the foundation had liquidated 80% of their AUR holdings.

I believed in the Auroracoin idea in part because I thought Iceland was the ideal laboratory for this experiment: a geographically small, isolated region, with a technologically advanced populace with a long history of currency debasement and an extraordinary stockmarket crash due to banker machinations during the 2008 crisis.

But I look at projects like Byteball, who have over 200 retailers accepting their currency in Milan, Italy and Bunz, also with hundreds of shops in Canada accepting their token, and I wonder why adoption of AUR has been glacially slow in Iceland.

Its too bad some of the foundation funds weren't used over the past 3 years to fund development and adoption. Maybe the story would have been different, or maybe not. Maybe Iceland is not the ideal laboratory for this type of experiment after all.