its unlikely able to distribute the coins to 330,000 people all that fast,

so all this talk about the price dropping alot is a load of crap.

It won't happen, because the coins won't go out to that many people all at once.

Think about it.

Dude wants to verify every person, prior to sending them some coins,

and VERIFICATION TAKES TIME, so it ain't going to happen all that fast.

330,000 is a big number

Price may go up, because of various factors that we are not fully aware of as yet.(if 1% of those people like the coin, they may start to buy/sell it as a hobby, and that would be 3,300 people whose favorite coin is auroracoin.
But if 10% of the people do that, then that is 33,000)

33,000 people who have a hobby of buying auroracoin. That would do lots for the coin. And then there is the rest of the crypto community.

But apparently the creator of this coin wants 330,000 people who use it regularly for buying/selling as if to replace the current government issued currency.
Well, need I say more? 330,000 isn't that as big or bigger than bitcoin if that happens? I don't know how many people are regular bitcoin enthusiasts though