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Board Archival
Re: delete
by
illodin
on 08/03/2014, 02:48:09 UTC
From what I understand, he won't even consider the idea....which pretty much defines what this coin is.

What led you to this understanding, links?


I read online that an official of Iceland said in response to AUR that if the dev could possibly notify and deliver anything, electronic or physical to every person in Iceland in less than a month that he would be a logistic savant genius and would have an immediate future in Reykjavik.

Link?


The task of simply notifying the entire population of Iceland and "air dropping" coins in that short time span is near impossible never mind verifying their actual place of residence.

Where did you get the idea the dev should "notify the entire population" or that the air drop must happen within a "short time span"? Read: http://auroracoin.org/blueprint.php


1) Build coin
2) Promote fake good will and pump value
3) Use Air Drop as cover to dump premine.
4) Use tens of thousands of pre-deployed "air drop" wallets to launder coins from premine addresses
5) Make several million USD off the bag holders and retire.

Jealous much you didn't think of this first?


If the Aurora coin dev would simply move the entire premine prior to "air drop" into the control of a known publicly trusted escrow, this would changes things across the board. Simply posting the premine addresses does nothing as the laundering will occur during the "air drop".

And how would this change the situation at all? The steps 3) to 5) could be executed just the same if the funds were in an escrow until the airdrop. Unless you're suggesting someone else would take on the huge responsibility and workload of executing the airdrop fully - you just simply can't find anyone who would do that.


There is risk in every investment, and the risk of the scam happening has already been priced in by the market.