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Showing 12 of 12 results by maxillian
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
Auroracoin is a pump and dump. Crypto currencies are illegal in Iceland (http://en.wikipedia.org/wiki/Legality_of_Bitcoins_by_country) and on top of that how do you imagine, a person or a group of people not affilitated with a government to have access to the required infrastructure to actually spread the coins among citizens? You need means of veritifaction and authorization of every single person.
Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat.
The biggest misconception is that the coin is somehow tied with the Icelandic government where in reality it isn't. It makes such claims on the official page but this is false.
They are not illegal in Iceland. You can't buy and sell Bitcoin with other foriegn currencies. You can mine and hold Bitcoin. And we'll be giving them Auroracoin for FREE which is perfectly fine. Their laws are capital controls to ensure the Krona isn't dumped.Even if crypto currencies were legal in Iceland how do you imagine donating money to people for free? You can't giveaway money to people for free without the government wanting taxes from it. It's no such simple feat.
The biggest misconception is that the coin is somehow tied with the Icelandic government where in reality it isn't. It makes such claims on the official page but this is false.
And gifts aren't taxed in Iceland.
Since Bitcoin IS considered a foreign currency in Iceland, so are other cryptos. Now the problem is what is considered a gift. I am sure there are laws that draw a line. Is $700 USD per every citizen (which is millions of dollars) considered a gift? I do not think so - but to be sure one would need to familarize himself with the local laws. $700 USD is serious sum by today's exchange rates.
Actually Bitcoin and any other crypto currency is completely legal in Iceland, yet. However an Icelander may not buy any crypto currency unless he does so for the Icelandic Krona (ISK). So for an Icelander it would be illegal to buy Bitcoin, Auroracoin og any other crypto currency for foregin currency like USD or EUR.
Mining, owning, trading that is all ok. It's just because of the capital controls you are not allowed to buy foreign currency to buy crypto currency because then you could move all your ISK to USD and the capital controls would not work.
Member of the Icelandic Parliament has written about Auroracoin. And it's a negative review, talking about a scam.
Link:
http://frostis.is/auroracoin-peningasvindl/
English Google translation:
http://translate.google.com/translate?hl=en&sl=is&tl=en&u=http%3A%2F%2Ffrostis.is%2Fauroracoin-peningasvindl%2F
Link:
http://frostis.is/auroracoin-peningasvindl/
English Google translation:
http://translate.google.com/translate?hl=en&sl=is&tl=en&u=http%3A%2F%2Ffrostis.is%2Fauroracoin-peningasvindl%2F
Since BTC transactions are public you can see where stolen coins are moved. You could use blockchain.info.
With TC container I mean a TrueCrypt container. TrueCrypt is an encryption software, you would then keep your wallet in an encrypted file, that is the TC container. BEWARE you must know exactly what you are doing before playing with Truecrypt.
Mixing Services are used to mix one's funds with others', with the intention of confusing the trail back to the funds' original source. A thief could use one to hide the BTC trail.
Best regards.
With TC container I mean a TrueCrypt container. TrueCrypt is an encryption software, you would then keep your wallet in an encrypted file, that is the TC container. BEWARE you must know exactly what you are doing before playing with Truecrypt.
Mixing Services are used to mix one's funds with others', with the intention of confusing the trail back to the funds' original source. A thief could use one to hide the BTC trail.
Best regards.
I think some of what you ask would be possible.
First, you might be able to determine how the .wallet got stolen from you e.g. virus or a friend with access to your computer. And determine based on that information, "who was the person".
Secondly, you can always follow the transactions and perhaps see how it was used. Even the mixing-services are not perfect.
Thirdly, it is most likely you would not get it back despite the above.
Best regards.
First, you might be able to determine how the .wallet got stolen from you e.g. virus or a friend with access to your computer. And determine based on that information, "who was the person".
Secondly, you can always follow the transactions and perhaps see how it was used. Even the mixing-services are not perfect.
Thirdly, it is most likely you would not get it back despite the above.
Best regards.