Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
by
minerjav
on 30/03/2014, 02:22:43 UTC
Most people who aren't watching this closely seem to be under the impression that the 51% attack was successful, which is creating a lot of FUD around.

The consensus now is that the coin is fine, and people need to be made aware of that (the bitcoinexpress guy even backed off his claims in the other thread).  If the coin can gain just a little bit of its value back, the hashrate will go up and it's security will be ensured.  People need to be made aware that the coin is in fact, not dead right now.  There are also a few people on cryptsy that have been picking up a ton of cheap coins/making sure the value doesn't fall any lower.  It may be the perfect time to invest now - "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - but people need to be aware that the coin is up and running without issue at the moment or it may never regain confidence.
Is not about a detail of block chain attacks. There are other giant forces in place (you can see them in the currency exchanges).

Will be difficult for AUR to survive after a massive drop of confidence in the world.
The official home page for Aurora talk about the problems to move out or in currency in Iceland. Why they need a local currency that doesn't have value for the rest of the world?
Icelanders are talking on facebook, not in the real forums about how to adopt and re-invest their new coin. They are not talking to the world. The official AUR coin forum doesn't have too much traffic. I was reading about a world record photographic project for Iceland and they dismiss it today as others potential projects.

No confidence, few chance for success.

Post EDIT:
I recognize the intense work of the developer. I don't have idea who is, but if the AUR coin goes to nowhere, will not be dev. failure. He is doing what he need to do. The coin needs more than one person. Early promoters are not here to protect the coin these difficult days.