Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland

he also assumes that a sizable portion of the population from 0 to 90 will actually get their coins.. and know what to do with them. which I actually doubt. The supply will increase for sure. but not as much as some people are flipping about, and not as fast, and a large number of people wont know what to do with them.. and then their is that little part of level 3 of the supply drop, where he destroys the left over coins no one claimed, which automatically reduces total supply. There actually probably will be a sizable number of coins destroyed.

I'm not claiming to be ben, i'm just laughing at the people looking down on everyone without any detailed explanation.

does anyone know the percent of icelanders with an account on crypsty already?

(i just sold my last little bit.. now it was final confirmed on cryppy.. but not due to concerns over march 25)

If this goes ahead, somebody will set up a business where they sort your coins out then dump them on your behalf. People only want cash, nothing else.

BTC may pump slightly as a result of all the people trying to turn AUR into cash,

This is doomed.

I'm not sure if people in this thread honestly do not see the crash coming? Or if they're just trying to pump up the price and sell before the market is flooded with 100x the supply of AUR.

You are not giving us new information. All of us know about it. 25th is far away, and even then it will take months before even 10% of the icelander claim their coins. And how many of that 10% would know to sell them on exchanges? Probably around 1% of that 10% .. that's like 0.1% percentage.

It will take an year or more to distribute the coins to 50% of icelanders (if 50% is ever reached. I doubt it will). No, 10 million coins are not "flooding" exchanges on 25th. It will be a miracle if even 0.1 of that 10 million gets on cryptsy on 26th.