Try to show some imagination. If you have the regulated crypto currency exchange open in New York, and investors can see Icelanders using ATMs and using Auroracoin in shops, then they will pull money out of poorly performing stocks and get in on the new game in town. That will make today's marketcaps look pretty small.

If everyone starts to sell them, then you are right.
But if everyone starts to *use* them, then they really can be worth $350 or even a lot more.

Well crap, I have no other choice to sell my stash of 1.1M~ mint at about any price now, I must pay rent ASAP and it's the only way I am going to manage.

Respectfully, some people here have unrealistic expectations for this coin. I also hold a considerable amount of Mint and I think the coin has some limited potential, but it will never reach 1000+ sat.

1. A considerable amount of coins have already been mined and a significant amount will be minted. Anything over 20-30 million coins is way too much and will dilute the value of any coin. When a coin has a total supply of 18+ billion the coin is pretty much doomed. Over time Doge and other coins will also suffer because too many coins are in "circulation".

2. The developers are just not active enough. I hear many arguments that the developers have "lives" and families. We all have lives and families and no one forced the developers to release a coin. If you make the decision to develop a cryptocoin then you have to make the decision to actively promote and engage the users of the coin you created. If your fiat bank closed for a week and their explanation was: "we are closed for week  because we have lives and a family", you would withdraw all your funds from that bank immediately.

3. Perception is reality and quite frankly the website and logo is amateurish at best. No serious development team would have released that logo and website. Many excellent logos have been created by this community and after weeks of waiting I "think" one has finally been selected as the official new logo. And the fact the website was down for several days in unacceptable. A website being hacked or DDoS is no excuse for not being able to find a new host within hours and having the site back up.

4. It is too easy to create and launch a coin, and anyone with a computer and the ability to copy and paste can create a "new" coin in a matter of minutes. Many coins are being released by teenagers in foreign countries that have a limited understanding about software development and have no clue how financial markets work.

Unfortunately the fundamentals do not support Mint being a long term investment, and after a few minor pumps and dumps it will eventually settle in the single digit sat range.

WTF would you know about hard work I have done?
Firstly I only started at xmas time not knowing SFA about mining.
Since then I started with usb miners, now sold. I then got a ASICBlade, still have it (sentimental reasons), I now have 2 KNCMiner Mercury's, and about to buy a Jupiter or two.
I have had many 30+ hrs awake, reading, configuring, learning.
I then learnt about GPU bios's, then CGMiner Bios's, now I have built my own Scrypt miner with 10x 7970's.
Please don't fkn make out I know nothing! I bet you all my miners I would outsmart u in a minute!
Like I said b4, you's can't handle criticism! You know why? Because your pissed what I say is the truth!
By the way I didn't really come from the pub, my last post I said I was going to the pub.
No my money doubles quite well thankyou because Im not mining DEAD coins!
I do consider myself an expert now, and yeah I like sitting in my undies pressing buttons while all you other suckers work!
Am I surrounded by filth, nah that would be you, Im surrounded by GPU boxes, a hot missus a hot car, a 4x4 and 3 boats!
make it succeed?? wtf? It only succeeds if it has movement, no-one buys this shit so it aint going to succeed!
But keep on your verbal masturbation daydreamer so the believers keep fkn giving u money!
Hope is as good as Fear to master for mind control. Well done PADAWANS!

Sorry your full of shit!
Ive had karma for sale at 2 st for over 1.5 weeks on mintpal - no-one buys! Going to 1 st in a few days, total waste of hash!! Nothing but a daydreamers thread going on here!
I spend 18 hrs a day following coins, trust me this is never going to take off! Their is simply too much competition!

its unlikely able to distribute the coins to 330,000 people all that fast,

so all this talk about the price dropping alot is a load of crap.

It won't happen, because the coins won't go out to that many people all at once.

Think about it.

Dude wants to verify every person, prior to sending them some coins,

and VERIFICATION TAKES TIME, so it ain't going to happen all that fast.

330,000 is a big number

Price may go up, because of various factors that we are not fully aware of as yet.(if 1% of those people like the coin, they may start to buy/sell it as a hobby, and that would be 3,300 people whose favorite coin is auroracoin.
But if 10% of the people do that, then that is 33,000)

33,000 people who have a hobby of buying auroracoin. That would do lots for the coin. And then there is the rest of the crypto community.

But apparently the creator of this coin wants 330,000 people who use it regularly for buying/selling as if to replace the current government issued currency.
Well, need I say more? 330,000 isn't that as big or bigger than bitcoin if that happens? I don't know how many people are regular bitcoin enthusiasts though

You are not giving us new information. All of us  know about it. 25th is far away, and even then it will take months before even 10% of the icelander claim their coins. And  how many of that 10% would know to sell them on exchanges? Probably around 1%  of that 10% .. that's like 0.1% percentage.

It will take an year or more to distribute the coins to 50% of icelanders (if 50% is ever reached.  I doubt it will). No, 10 million coins are not "flooding" exchanges on 25th. It will be a miracle if even 0.1 of that 10 million gets on cryptsy on 26th.



 

Someone want the price drop,I have buy 1.2 at .090 in thinking I was made good trade,but no 

@CtrlAltDefeated
The site is showing blank page I cannot withdraw my coins please help.

The coins had to have some price in order for people to claim them. That is the reason for the run-up time. I did not expect the coin to skyrocket like this.

The reason it says the website was registered in Panama is because that is a common site anonymity service. A lot of websites do this.

First of all, there is no "company" behind it. For all I know, Balduro might be a special department within the Iceland government trying to secretly define a new economical future for its inhabitants, heaven knows, they have been fucked over for almost a century by other foreign economies! The reason why the site is registered anonymously trough a domain service in Panama to me sounds very logical. It doesn't matter namely who started the coin, it's future lies within the community (Us!) that adopts it!

Of course the 50% pre minded coins still need to be airdropped fairly, but also that is something we are all working on! So why not join us!: http://forum.auroracoin.org

Most likely it will actually happen very slowly.

Its not in panama.

Anyways, I dont doubt the dev's sincerity, but something like this requires tremendous planning and support in order to work properly. It doesnt seem the project has either.

We will see.

The market cap of Auroracoin now exceeds the value of all Icelandic Krona in circulation

its only dangerous if there are whales stupid enough to support the dumpage.. that would be bitcoin bearish... else actually positive and bitcoin will flourish on he news without getting dumped win win!

That's assuming the whole population of Iceland will all immediately claim it. I'm not sure how the airdrop works. But they probably have to claim it individually, yes? I doubt the selling would happen in one single swipe. More likely in waves. So in the first week only 1,000 might claim the coins. then maybe word gets out to more Icelanders about the free money and a few more thousand claim it each week. It might have an effect on the bitcoin market, but I doubt it alone will cause the bitcoin market to go into freefall.

Umm, your logic is way off.

The only way for them ALL to cash out at the current exchange rate is if the current BUY WALL is 1 MILLION BTC! Right now the buy wall is 2 BTC.

If you go all the way down to .07 BTC, there is only about 15 BTC TOTAL that can be cashed out.

Unless that 1 million BTC buy wall comes along, your gonna have to work a bit harder at thinking this through to its logical conclusion