Quote from: eclipso on March 05, 2014, 04:54:29 PM

I said this in another thread, and I will say it again here:

The entire concept of the DEV of this coin actually distributing the coin to the folks in Iceland is going to be an EPIC failure or a TOTAL SCAM.

The DEV had an IDEA of distribution but released the coin without a REAL implementation plan and either one of several things is going to happen.

1. He will attempt to find a manual method of doing distribution, or will mail out some random paper wallets, or find some other half ass way to do a TINY bit of distribution and claim that he is meeting his promise.

2. He will give the coins to friends, or perhaps to a group of folks on an iceland forum board or IRC channel (These folks may or may not be actual Ice Lander's) and claim that he is meeting his promise.

3. He will dump them him self or by using friends and other associates... if he is smart he will do this slowly in combination with some of the above mentioned.

4. He will dump a bunch of the pre mined coins himself in large quantities (get noticed) and disappear with a large profit.

What I can GUARANTEE YOU will NOT happen is that the coins will be distributed to all ICELANDERS as promised.

Sure there is a national ID system that "COULD" be used for verification purposes. There "COULD" be a method of checking an online form fillers IP address for Icelanders ISP's. There "COULD" be all kinds of things.... BUT all that SHOULD have been put in place BEFORE the coin was launched, and all of that WOULD have been in the media many months prior to seeing it show up only in forums that discuss bit/alt coins.

I completely understand folks jumping on new coins for quick profit (I do it myself), but the amount of Zealotry in this thread makes me sick to my stomach.

All of you in this thread need to ask yourself these questions:

Where are the websites and detailed TECHNICAL PROOF of any kind of coin delivery system. Where are the WHITE PAPERS showing his plans to thwart hackers and folks who would try impersonate Icelanders via VPN or by generating fake National ID's via algorithm like a common key gen? Where is the proof that the dev even has ACCESS to all the ID numbers in order to prove they come from the national database? Where is his list of Icelandic addresses if he wants to send paper wallets?

Let alone how is he going to explain what he is even giving away? Contrary to popular belief, most folks don't even know what a BIT COIN is, let alone what a Auroracoin is. Does the dev think that all these folks are going to get on a computer and take the weeks of reading and searching to find out wtf a crypto currency is, how exchanges work, how to convert to BTC/ Etc? If he plans on delivering "paper wallets" who is going to explain to the common folks how the encryption keys work or how to "sweep" those keys to a physical wallet? Where is his program for mass adoption of this coin in Iceland? There isn't even a SINGLE place in Iceland that will accept this "coin". NOT ONE STORE.

He would have had to have MASSIVE (AND I MEAN MASSIVE!) youtube, twitter, blog-o-spere, and PUBLIC educational videos already available BEFORE the coin went live in order for this to have a chance in hell of ever working. Even with ALL the above the chance's are still TINY that the country would adopt any crypto. People on these forums just need a reality check of the fact that most people aren't even computer literate (sure they can get on facebook, and type out a few emails, but that is pretty much the extent of it) let alone able or WILLING to do all the research and experimenting with cryptos to even make it worth their while.

I could go on and on.

The reality is that there is nothing but WORDS on a website.

Only some anonymous coin dev making promises that he can't deliver.

No matter what happens with this coin it WILL BE bad for crypto's, and ALT COINS in particular. This will be seen as another failure because the DEV of this coin did NOT do his homework BEFORE release.

This post is not FUD, nor is it an attempt to move price one way or the other. It's just a fucking reality check to those of you who are blindly believing in the promises of some random person on the internet. IF that isn't the definition of gullible, than I don't know what is.

If you want to go on about the short term profits of this coin, or how your market orders are doing well, fine. I'm all about that.

But let's call a spade a spade and stop the bullshit about this coin actually doing ANYTHING positive for the folks in Iceland.

As they say... "PICS or it didn't happen!" I say show me the PROOF instead of just WORDS on a website.

You're over analyzing on this whole thing. Why fucking worry about what happens on the 25th. It's no more a scam than the Mazacoin. How about just pumping it while you can and let the developer work on the air drop. People like you get all the potential investors fucking scared like a bunch of fucking cats in a room full of rocking chairs...

God damn it went all the way to .170 BTC on Monday and then all the fucking douchebags that couldn't get it while it was low start squawking that it's a scam to make everyone that was holding dump it.