Quote from: roede94105 on March 03, 2014, 11:09:13 PM

Quote from: Maconi on March 03, 2014, 09:18:33 PM

So you're telling me all I need to do to make a ton of money is:

Create a clone coin.
Set it to low reward/high difficulty.
Premine the majority of it and keep those coins out of circulation (and make up a good reason for premining so many to avoid negativity).
Get the coin onto an exchange/CoinMarketCap.
Let people gawk over the value (due to the fact there are so many coins in existence but not in circulation, therefor locking in that higher price due to the inability for the public to dump it).
Coin price will skyrocket due to the stable high price and huge market cap (due to all the premined coins).

Who knew it was so easy? I'd be willing to bet we'll see a few more coins do this before people catch on. Maybe I should get into coin development...

I see two very likely scenarios for this coin:
- The dev is an honest man, he WILL give all the premine to all Icelandic people. A part of them will probably never touch them (no idea how/ convinced it's a scam etc...), a part will keep them and find all this interesting, and the majority will take them, and dump them into the exchanges, claim their BTC's and leave it. The market will crash.

- The dev is not honest, but pretty smart. he will move the coins only starting the announced 25th of March, and keep it all / just a part / say it takes time to send it to everyone / whatever else, and sell small amounts regularly, make huge profits given the current price, and enjoy a frappuccino with his future bro Mark Karpeles.

Hoping, scenario one will be in place, the dev might consider to change the drop. Dropping in parts, letting the Iceland people and Merchants adjust, might be a good thing. I think it is a must, to prevend a crash, that the people can really buy goods with the auroracoin.