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.
I'm leaning towards sha-256.
Yes, it's a nice idea to think that icelandic population could home-mine with something "asic-proof", but I think it's a pipe dream that wont last long.
The goal of getting AUR into the hands of icelanders is already achieved by the airdrop, so I'd focus on simplicity and proven tech regarding mining algo: sha-256.
In the long run, I think it could even make sense to migrate AUR off its own chain into a merge-mined btc sidechain or onto ethereum or something along those lines. After all, AUR is not about some mining (or other technological) innovation, it's about Iceland and the people there. So why not piggyback on some established tech and use the security offered there?
just my 0.02