Here is the thing, Icelanders have really gotten hit by the 2008 crash. People lost homes and have seen mortgages go UP and principal down (in effect, because mortgages are tied to inflation) and have had some reality biting them in the ass.
But it wasnt their fault, it was the banking system and some bankers that let them down.
That is why there was a 50% pre-mine. To give the coins to Icelanders. Just because they didnt know about protecting block-chains, this was a poor excuse (if true) for a hacker to try to mess up a valid idea, a grand experiment, to try to offer some help to fellow Icelanders.
-MegaHertz
So, instead of promoting bitcoin, the very first and strongest cryptocurrency that is intended to spread financial freedom around the world, someone is trying to push a utopian commie-coin 50% of which was pre-mined.
Instead of supporting international approach, they want to earn points with nationalism based currency. Good luck with that.
I really feel for those naive Icelanders who invested in this pseudo-national coin, that ended up as yet another pump and dump scheme.
It will need some time for you evangelists to learn that bitcoin is digital gold and not digital money. I wish some of you would just visit economy classes once.
Not saying AUR was better - in fact its worse. But Bitcoin is no solution.
Transactions are rather slow (not from client to client but from fiat to btc and from exchange to service)
Neuralgic point are the exchanges, that all together are not hacker proof. It is rather impossible to rob a bank and get away with it today but it is sort of easy to fuck up the bitcoin economy with actions like MtGox did.
Bitcoin is no currency, the hard cap makes it deflationary, but high deflation is as bad as inflation. Money need to be spend, deflation for gold is good, for a currency its poison.
Bitcoin is controlled by mining industry and exchanges, Satoshi's ideal of decentral anonymous money is spoiled.
A good investment coin should have PoS.
A good currency coin - there is none ATM.