This project is not dead.

I've been forming a group here lately to continue the development of the Auroracoin project. We are not many and have been doing this in our off time. What we want to do here is to kickstart this project again and hope we can attract more people from the community to join us and help make this project a success.

For those of you who are wondering why Auroracoin came to a halt in Iceland, the answer is very simple. We didn't have an exchange with isk  ~ aur pairs. We can't expect any cryptocurrency to be successful without the early adopters having the ability to exchange the currency to and from a fiat currency. This is what happened here.

This however is being worked on. Separate from the Auroracoin development group I and a couple of others have formed a company and have prepared all the legal and banking background needed and are working on launching an exchange site for isk ~ aur trading pair. We believe that this is the milestone needed to get auroracoin rolling in Iceland.

A member of our (not officially formed) Auroracoin development group has been working on this project from the beginning and is one of the few if not the only person that Balduro is in communication with. He is not associated with Balduro in any way but since he dedicated a lot of time on this project from the beginning he has had a communication line with Balduro. This member has told us that Balduro has promised that we would get control of the auroracoin.org domain, so we will soon start to work on a new official website.

Regarding our direction with the development of the coin. We don't have any interest in any feature orgy like so many alt coins are doing these days. We want mainly to focus our efforts on adoption. What we have done is we have forked Bitcoin and lightly modified it to be the source for Auroracoin. We believe that this way we don't have to focus all our time on the coin code development but be able to focus it on getting people here to know the coin and teach them to use it.

We have however not fully decided what direction we should take regarding the mining algo. This has been discussed back and forth. What I hope to see here is some discussion and opinions from the community. As we see it there are just two options to think about. Use an algo that is asic resistant and thus give the individual a chance to do some mining at home. This however is often an illusion as most of the asic resistant algo's are largely mined my gpu mining farms thus beating the point. Of course there might be other algo's out there that are gpu resistant but how reliable are they? The other option is to either go with SHA-256 or continue with scrypt and be mined mainly be the large mining farms. This option in many ways is good as it has much more potential to secure the network so we have been leaning towards this. This would also give us a good opportunity to be merge mined with some of the larger coins which would be a brilliant way to secure the network. It would be great to get some opinions and ideas from you guys regarding this matter.

Well I think this is enough for now. I just wanted to let you all know that this is being worked on and that all of you are invited to take part in this great project. I'm sure there will be a lot of questions and I will try my best to answer them.