Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin (DarkSend) | No Premine | Runs 30% cooler than scrypt
by
mannie
on 04/03/2014, 02:42:07 UTC
Serious question here. Why is AuroraCoin $70.00 USD per coin? It offers nothing new and 50% of it is pre-mined. Is it just me who is confused here?
Auroracoin overcomes the biggest "flaw" in bitcoin: widespread adoption, with only 0.015% of global population owning bitcoin.  Auroracoin's Airdrop will fix that problem (provided it is executed well).

Darkcoin overcomes the second biggest flaw in bitcoin: anonymity. Darkcoin is fixing that, which is why I'm also buying DRK.

I think there is a fundamental oversight in the Auroracoin plan. Why wouldn't the Icelanders trade their free, nascent AUR for the more widely accepted BTC immediately after the Airdrop?

Will they be loyal to a crypto they didn't build or demand? I think they'll begin to dump for BTC, beginning panic selling across the board.

Ultimately that would mean it's a good thing for Icelanders (free BTC) and the Bitcoin adoption rates you mention. It would only be a bad thing for the bagholders who get in now and can't exit the market fast enough.