Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
by
Jollyburner
on 06/03/2014, 21:08:48 UTC
ok srsly, if the price get crashed by 300 000 Icelanders trading out their AUR, 3000 smart Icelanders will get mega fucking rich. aight.

any price crash that's impending will be based off of 10000s of people getting crypto to trade that has value, and then instadumping it to.. what? Icelandic dollars? USD right? so now they have some USD, they spent it, its gone. Iceland still sux. u don't think maybe a few people might realise the *potential* in something like this?

everyone whos passing comment clearly hasn't lived somewhere where their local currency has faced super-inflation, and the fact that Iceland is trying to do ANYTHING AT ALL to upset the ridiculously unbalanced banking system present in all western countries definitely makes it a prime candidate for large-scale adoption of a crypto.

again I don't think it will actually happen, I just don't agree with the arguments set forth as to WHY its going to be a travesty.

its going to die because the premine will be dumped/stolen, or the trading value at airdrop will be so low no one will care to redeem them.

if neither of those things happen, its going to do just fine now after its initial price surge, which I might point out HAPPENS TO EVERY SINGLE COIN THAT MAKES EXCHANGE.

gl AUR, I want to see this succeed but I have my doubts. if the dev  isn't str8 scamming then at least its a decent attempt at doing something to make a difference for a lot of people, a lot more than can be said for most other coins.