Post
Topic
Board Altcoin Discussion
Topic OP
Do you remember AURORACOIN?
by
687_2
on 19/03/2020, 17:33:08 UTC


Since the creation of Bitcoin there have been countless Bitcoin copies. One of the more famous "Air Drops", where a coin was given away for free to a specific group of people, was done with AURORACOIN in 2014. (Auroracoin is actually a copy of Litecoin, which is a copy of Bitcoin).

The idea was to create a virtual currency for everyone living in Iceland. Like a "central bank digital currency", this virtual currency was supposed to be a replacement for cash and credit transactions of all sizes.

But it was a complete failure. The price of Auroracoin plummeted from a high of 0.1 BTC to 0.00001 BTC today, which is about $0.07. Which stores in Iceland accept it today?
Why aren't people in Iceland using Auroracoin? Anyone in the world can buy Auroracoin. Why didn't people outside of Iceland buy Auroracoin?

Icelanders each got 31 free Auroracoins. With today's exchange rate, that's about $2 for every Icelander.

Now, governments around the world are doing "air drops" of their own tokens. Soon, every person in the US will receive 1000 Trumpbucks. Maybe other governments will also do the same thing. What will be the outcome?
 
https://en.wikipedia.org/wiki/Auroracoin