Re: [PRE-ANN] AustraliaCoin AUS- IPO, Release Info, Coming Soon.
You haven't given a single reason to use this coin. It has no free issue to citizens, unlike AUR, to increase the chance of adoption. It's a basic scrypt clone so vendors would be better off taking established coins like BTC, LTC or even (god forbid) DOGE. I don't see any reason for an IPO apart from making the devs money, it's not like you have built a thriving business and are now giving investors an opportunity to help you expand and make a return. Lastly Australia's fiat currency is backed by the huge strength of the economy you speak of and so there is little risk of losing by holding Australian Dollars, the chance of hyperinflation or currency collapse is ridiculously remote.
PS: 83:54 says bulldogs still suck.
AUR Devs dumped 50% of premine, PS: 83:54 says bulldogs still suck.
1) Proof of this?
2) You didn't actually answer a single point I made, well done.
Every coin can launch it's own way. We chose not to pre-mine 50% and distribute. We have offered a fair and stable release period for all AUS Coins. Any person with a PC has plenty of opportunity to come in and mine them. Scrypt is used so people have an opportunity now to mine and larger Scypt miners to offer greater hashrates to help strengthen the network. Being from Australia unlike most country coins, we are able to work with any implementation or direct help that may be needed locally and have a knowledge of the Australian environment.
Again, didn't actually deal with a single point I made. The distribution is to increase awareness and take up by those not already interested or involved, miners don't need to be made aware. If you are aware of the local environment you should be able to respond to my last point, with a dollar backed by a strong economy and well regulated banking system what motivation is there for people to use AustraliaCoin?