Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
by
niothor
on 13/04/2014, 19:32:15 UTC
Quote from: sevoque on April 13, 2014, 05:47:10 PM
Quote from: niothor on April 13, 2014, 01:31:50 PM
Quote from: sevoque on April 13, 2014, 01:14:06 PM
Quote from: niothor on April 13, 2014, 01:01:53 PM
Quote from: qwertyqwerty on April 12, 2014, 03:10:06 PM
I thought .004 would be bottom, one week later holy shit we're at .0027!

I twill go even lower , most of the coins are outside iceland and there is no actual buying/selling happening there with aur.
So , as a national coin it has failed. it will end just like the others , trading only

considering that only 9.5 percent of the airdrop is complete its hardly surprising that most of them are with outside investors who are looking at aur as either long-term or other reasons. How that reflects on the price is not really known so i'm not sure how you know.

What is likely to happen is an increase in price over time as the airdrop gains momentum. There are a few reasons for this:

say for example, you are an icelandic merchant, and you sell bouncy balls at $5 a piece in FIAT, and whatever that translates to in ISK, but now as a merchant you are selling for both ISK and AUR, because u are going to be selling the same product in aur, you are naturally going to mark it up because it is relatively new/unknown/not-trusted yet, etc, so you start selling the same $5 bouncy ball for $10  to people buying in AUR, because you don't know if you are going to lose out and its still quite alien to you. That $10 equivalent in AUR basically becomes absorbed, because its unlikely that people are going to use their airdropped coins (nationally, within iceland) for anything more than a novelty or 1 time purchase to begin with, which means that in effect, that AUR is wiped out.. meaning increased value for AUR over time as this AUR is sucked in to merchants who will be unable, for the most part, to give change to someone for their AUR purchase if they do not yet hold their personal airdropped AUR themselves, and if they do, it would be initially a hassle to give change until it becomes more streamlined.

All in all, you are not basing your argument off anything other than your opinion and a quick look at some charts. Face the facts, if there was no 'actual buying or selling' of any coin then the price would remain static... so uhh what are you talking about? I've seen you on these forums for long enough to know that you literally thread hop and inject your negative and obsolete opinions.

Anyway, please feel free to come back with a meaningful reply, I look forward to it.

Warm Regards

Sevordsbjorngen the Icelandic

You lost me at those two thing that are contradicting themselves.

Let's talk about charts. 9% of the coins have been dropped.
Yet we see less than the number of transactions that have been made daily before the airdrop.

This is even while we have a large amount of coins (the mined ones) in the hands of other people who can only use them in exchanges (and most of them are responsible for two transactions daily reward.wallet.exchange)

This means that 10% of the coins in the hands of 10% of the population and take into the account those are the more IT inclined users are not even making a dent in the actual use of the coin.

And besides that , seeing you , the creator of the the panda-monium here and praising this coin , that can scare off anyone.

I don't understand what you're trying to say.

first of all, 10% of airdropped coins is actually 5% of the total coins because it was 50% premined, but I'm guessing maths, and also thinking in general are probably not your strong points. - so the remaining 50% of the coins that are going to be held by a combination of people, including people outside of Iceland, possibly some already within iceland who wish to increase their own personal holdings of AUR, and the rest are still being mined. You seem to have extremely unrealistic expectations of how quickly a coin should be adopted in real-world scenarios. What do you deem a fair timescale to be in order to make an informed and educated call as to whether the adoption has been a success? In my books, and im sure most other peoples, its way too early to tell, but if this is too nerve wracking for you and you lack the long-term investment mindset, expertise and know-how - this isn't for you.

By the looks of the coin price, the majority of AUR holders outside of Iceland have most likely abandoned the coin a long time ago as the coin started to lose its double (almost close to triple) figure $ value and plummeted from $92 down to where we are today. For me, thats good, let them sell, and if you are bringing up panda to try and give your argument any weight, im really confused. Why don't you go ahead and sell your coins or just give them to me, or somemone else if thats how you feel.  FYI, I am not the creator of any coin, but if you need to mention this stuff to try and give your argument weight then thats ok too.

I don't think you would understand how to identify an investable crypto or even a mildly successful crypto if it smacked you in the face repeatedly.

Warm Regards

Sevoqstrom The Strong


Math? you're talking about math? every project that you're involved with ends with the value of 1 litoshi so spare me the math.

With the usual shilling on your mind you forgot about the 10 % mined coins....which based on you crappy scenario should already be ready to use in icelanders hands (you said that icelanders are willing to increase their aur holdings) didn't you? Taking half of that and half of that , adding more bone to balance the calcium in the thinking area and you're good to go with 10%.

Probably the failure of panda has hit you pretty hard in the head since you're talking about time , if a community want to promote a coin it will take a sparkle (see doge) if it doesn't it won't see any development  > aurora Smiley.

But again , seeing you around make me even more confident of a failure Smiley. I month at max for 1 dogetoshi= 1 aur.