Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin (DarkSend) | No Premine | Runs 30% cooler than scrypt
by
stealth923
on 04/03/2014, 02:59:23 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.

Well, but the other side of that argument is that those who sell the auroracoin are spreading it to even more users?

And you forget that for every seller there must be a buyer - who is going to want to buy a coin that you cannot do anything with. Iceland is sure as hell not going to accept it as a form of payment.. Not to mention the MAJORITY of Icelanders have no idea what a crypto wallet is, what aurora coin is, how to exchange the coin into BTC... Whats going to happen is the dev and other people who invested will be left holding the bag of coins that no-one collected and panic sell will commence...if that doesn't happen before the so called "Air-Drop"

and on that note can we PLEASE get back on track to DarkCoin related topics.....