Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland
by
Skarfur
on 15/11/2014, 23:06:48 UTC
I hope this answers your questions but I'm sure I have raised a few others Smiley

Thank you so much for taking the time to answer my questions. This has really helped and cleared some things up. You also added new information I hadn't previously known about (the 1 million, for example).

I agree that increasing the 2nd airdrop 10-fold was not a good move. It scared away past and future supporters / investors and gave fuel to the opposition. As much as I sometimes despise of 'greedy speculators', one has to acknowledge they (alongside the miners and community developers) play a vital role in giving AUR value. I think it would make sense to destroy a large part of the premine prior to 3rd airdrop stage. That also (like increasing the airdrop amount) increases the value of the individual airdrop share (by ways of people regaining confidence in the management of the supply and also by ways of reducing the potential final supply and hence price rising) and it doesn't spread uncertainty and drive investors, miners or general supporters / evangelists away.


The update information is on the blueprint page http://auroracoin.org/blueprint.php ,but I missed this too at first.

I agree with you. When this matter will be discussed by the ICS I will suggest the option to destroy the premine partially or fully. I think it was a bad idea in the first place and an amount like 1 million is just way too much. This was a break of trust in my opinion and destroying it partially or fully would be respectful to the supporters, investors and miners that have invested their time and money into this coin. That said there are is no guarantee that this will happen as this is not just up to me.