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Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
Been thinking about the coin since day 1 of launch.
At this point doubt the success.
Everyone saying "who isn't going to claim their free $$$$" the market cap doesn't show how much money is IN the coin, just it's value which look crackers because of pumpers. The actual level of trade is pathetic at the moment.
Everyone in Iceland is going to be given half of this coin (taking there isn't any ways whatsoever for the maker to nab some) ... which means all of them (every ID) will have 30 coins. Now these coins will be worth nothing compared to their fiat on arrival, 30 coins won't cover their personal assets. If the currency was to scale the richer folk and businesses in Iceland would have to buy up the aurora coin and competitively as the prices raise.
If they'd have set a later date for this drop until later in the year, so small trading can begin and start being accepted in remote locations in iceland... Until the coin is usable enough for the population to care.
Is the whole of Iceland going to exchange all of their fiat money across seas (unheard of levels of capital flight) for bitcoin (volatile) to buy aurora coins (volatile and made in panama) to use in all their shops which as of march still won't have capabilities to deal with this currency. Entrust the future of the Icelandic economy basically to the developer from Panama which I haven't seen a picture of or interview with.
Wandering what the backlash is if a bunch of wealthier folks in iceland buy into it early worried that their fiat wealth will be quashed and be left with 30 AUR like all the others around them.... for the airdrop to be an airdump. If there any confirmation or proof regarding this airdrop? It's a great idea, national ID system etc, of course introducing in this way is probably the worst method... ie from some dev in another country and no cooperation with the government. It's going to be a free-for-all, if it is going to be anything.
What's to stop corruption inside this ID system - employees faking IDs/stealing IDs... what about the list of missing people, homeless people, handicapped people... what about their IDs???
What is to stop people blagging or stealing or intimidating others to hand over their worth less 30 coins on mass arrival
I know there is a lot to argue but at the end of the day this was a Litecoin clone aimed at Iceland, just a target people can get sucked into because of their fiat history. Unless I'm wrong, that won't be solved by flinging their assets at a logo basically. It could be any coin, any coin could try do this system, it's just going by their interests but the people of Iceland probably trust their government for a cryptocurrency more than mr. faceless Panama Dev. It might inspire their government to create their cryptocurrency.
At this point doubt the success.
Everyone saying "who isn't going to claim their free $$$$" the market cap doesn't show how much money is IN the coin, just it's value which look crackers because of pumpers. The actual level of trade is pathetic at the moment.
Everyone in Iceland is going to be given half of this coin (taking there isn't any ways whatsoever for the maker to nab some) ... which means all of them (every ID) will have 30 coins. Now these coins will be worth nothing compared to their fiat on arrival, 30 coins won't cover their personal assets. If the currency was to scale the richer folk and businesses in Iceland would have to buy up the aurora coin and competitively as the prices raise.
If they'd have set a later date for this drop until later in the year, so small trading can begin and start being accepted in remote locations in iceland... Until the coin is usable enough for the population to care.
Is the whole of Iceland going to exchange all of their fiat money across seas (unheard of levels of capital flight) for bitcoin (volatile) to buy aurora coins (volatile and made in panama) to use in all their shops which as of march still won't have capabilities to deal with this currency. Entrust the future of the Icelandic economy basically to the developer from Panama which I haven't seen a picture of or interview with.
Wandering what the backlash is if a bunch of wealthier folks in iceland buy into it early worried that their fiat wealth will be quashed and be left with 30 AUR like all the others around them.... for the airdrop to be an airdump. If there any confirmation or proof regarding this airdrop? It's a great idea, national ID system etc, of course introducing in this way is probably the worst method... ie from some dev in another country and no cooperation with the government. It's going to be a free-for-all, if it is going to be anything.
What's to stop corruption inside this ID system - employees faking IDs/stealing IDs... what about the list of missing people, homeless people, handicapped people... what about their IDs???
What is to stop people blagging or stealing or intimidating others to hand over their worth less 30 coins on mass arrival
I know there is a lot to argue but at the end of the day this was a Litecoin clone aimed at Iceland, just a target people can get sucked into because of their fiat history. Unless I'm wrong, that won't be solved by flinging their assets at a logo basically. It could be any coin, any coin could try do this system, it's just going by their interests but the people of Iceland probably trust their government for a cryptocurrency more than mr. faceless Panama Dev. It might inspire their government to create their cryptocurrency.
1. This is not an all or nothing thing. There are some signs a small AUR market for goods is developing in Iceland. It will not be large when the airdrop comes but it will encourage people not to dump. Most people will not claim the coins on the first round though as they don't get it. If this works it will be through organic growth greatly encouraged by this airdrop and not everyone switching their krónur to aur all of a sudden like you seem to imagine.
2. The dev is not from Panama, that's a whois guard. This would not have worked at all if he was not anonymous as it would be about him and not the technology just like Bitcoin.
3. This is the same id system that almost all Icelanders use for banking. Any criticism of that is also valid for the króna.
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
Since Bitcoin IS considered a foreign currency in Iceland, so are other cryptos.
This is a big misunderstanding being spread around. Sometimes people even say bitcoin is banned in Iceland which is just wrong.
The only relevant law is the capital controls on the KRÓNA.
If you are not exchanging krónur there are no laws covering bitcoin. There are already old style side-currency networks running in Iceland.
Someone from the fed has said he does not consider bitcoin a foreign currency but that does not matter anyway when it comes to capital controls on the króna.
The króna is the problem not bitcoin and long before AUR there was already talk of disbanding the króna for a new currency.
Currently the fed seems not hostile to cryptos but cautious. If cryptos can help avoid the devaluation of the Icelandic economy due to gigantic foreign creditors needing to get krónur out of the country the fed like everyone else will welcome it.
So the problem is foreign entities own a lot of assets in krónur from the banking crisis. They want to convert that into dollars or similar which would cause the króna to fall catastrophically. The capitol controls ensure this does not happen but also limits the economy alot.
Any ideas on how cryptos can fix the situation would be much appreciated
Re: Ponzimatic.com - Automated 130% returns - %1 fee - rolling ~0.2btc redeposit
If you have gotten paid out please go to this thread and give +1 to ponzimatic and help keep this rolling by promoting the site.
https://bitcointalk.org/index.php?topic=484450.0
https://bitcointalk.org/index.php?topic=484450.0
thanks for the game i got paid
Can I withdraw my deposit anytime I want?
You need 0.01BTC to withdraw and I think $1 with other currencies.
I deposited today and it says "available for withdrawal": 0.1
but if I click withdraw I just get a message with a lower hardcoded amount and a message: "The amount is smaller than the minimal amount allowed"
There must be some limits then right?
But that means I can't withdraw my deposit?
https://leancy.com/~ravgninn
Can I withdraw my deposit anytime I want?
You need 0.01BTC to withdraw and I think $1 with other currencies.
I deposited today and it says "available for withdrawal": 0.1
but if I click withdraw I just get a message with a lower hardcoded amount and a message: "The amount is smaller than the minimal amount allowed"
There must be some limits then right?
Sorry the "available for withdrawal" amount is in dollars not bitcoins.
Surely that means I can't withdraw my deposit yet?
Hmm ...... what will be the other verification? Hmm, SMS?
So please DEV's, sit down and bring some new, more interesting story today.
I can't believe you are still arguing this is impossible.
Just because you don't understand any of what you have been told does not mean "stories" are changing. All you need to know is that a working national ID authentication service has been available and widely used in Iceland for years and if it was vulnerable to botnets lots of Icelandic bank accounts would be emptied by now.
To mention that the verification is national ID based, physical key based or SMS based are all working simplifications of how it works and obviously not in depth technical descriptions of all use cases.
Your own point was Airdrop based on ID
...
I see max 5-10% of Icelanders claiming their coins. Rest would be stolen from DEV's on generated wallets and ID's or stolen by 3rd party people with botnets ....
...
I see max 5-10% of Icelanders claiming their coins. Rest would be stolen from DEV's on generated wallets and ID's or stolen by 3rd party people with botnets ....
The Kennitala is never used as an authenticator. It's a public ID number!
I linked you to a page of an authenticator based on that ID but you didn't bother to google translate.
The dev can't know beforehand which people claim their coins so it would be known soon if someone doesn't have his allotted coins (which can be stored indefinitely associated with an ID. Botnets have not yet mastered accessing physical keys and SMS authentication which is what we are talking about by the way (since you obviously know nothing about it).
I am not affiliated with this project except I mined a few and would really appreciate any actual criticism founded in reality so I could better evaluate the coin. So far you have provided nothing to this thread except the same kind of childishness you accuse the dev of.
In evaluating the coin the childishness of the dev is irrelevant only his intentions which given the circumstances are in his best interest to be open about.
If you or anyone has plausible theories on how the dev could make more out of this than by being honest about his intentions and just being one of the early miners please share.
DEV doesn't have any real way to target all 330k Islanders and verify them without any government issued process.
Why state something you have no idea about so unequivocally?
There is indeed a publicly accessible national database in Iceland and multiple ways to securely verify identity online.
http://www.island.is/islykill/
Whether the devs are honest is perhaps in question but the viability of their claims are not.
Thank you for at least answering.
As long as withdrawals and support are not your #1 priority your behavior is consistent with a scam not a legitimate company trying to build the trust its supposed business model relies on.
Even if your intentions are to be honest if you do not focus on building trust in your honesty and abilities you will fail.
You claim it's a "bitcoin daemon issue" which is complete nonsense since you still accept deposits. Judging by that answer and the fact the issue is not fixed there are only two possibilities for what's going on, complete incompetence or complete dishonesty. Either way you lose the trust you rely on.
There is nothing you can say to change that situation, simply promptly fix the issue or manually repay complainants and you may slowly regain some trust.
If you manually pay out a smart thing to do is kindly ask complainants to publicly acknowledge the resolution.
As long as withdrawals and support are not your #1 priority your behavior is consistent with a scam not a legitimate company trying to build the trust its supposed business model relies on.
Even if your intentions are to be honest if you do not focus on building trust in your honesty and abilities you will fail.
You claim it's a "bitcoin daemon issue" which is complete nonsense since you still accept deposits. Judging by that answer and the fact the issue is not fixed there are only two possibilities for what's going on, complete incompetence or complete dishonesty. Either way you lose the trust you rely on.
There is nothing you can say to change that situation, simply promptly fix the issue or manually repay complainants and you may slowly regain some trust.
If you manually pay out a smart thing to do is kindly ask complainants to publicly acknowledge the resolution.
Iceland does not specifically ban anything to do with cryptos.
Transferring krónur out of the country to any foreign party including exchanges is illegal without permits.
"Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal. The Icelandic Central Bank confirmed "It is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act.",[15] however commentators suggest bitcoins mined within Iceland could be freely traded."
Transferring krónur out of the country to any foreign party including exchanges is illegal without permits.
"Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal. The Icelandic Central Bank confirmed "It is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act.",[15] however commentators suggest bitcoins mined within Iceland could be freely traded."
I sent a complaint to domainabuse@tucows.com.
Maybe if enough do so it pressures them into responding.
Anyone know of other ways of reporting these kinds of scams?
Maybe if enough do so it pressures them into responding.
Anyone know of other ways of reporting these kinds of scams?
Re: Satoshi Option - Instant Binary Options | On-Site Wallet | Open Source BTC Feed
Is this still the code used to generate the price?
http://pastebin.com/u0PSarFs
I very much doubt it is.
Bitfloor and tradehill don't return prices anymore.
The mtgox webservice connection does not work for me on two different systems and the price would be much higher if included.
Bitstamp bans me after a while.
So that only leaves coinbase working 100% and bitstamp sometimes.
Using coinbase/bitstamp and adding btce seems to match your prices best. If I add mtgox the price gets much higher.
Can we get the updated code please?
http://pastebin.com/u0PSarFs
I very much doubt it is.
Bitfloor and tradehill don't return prices anymore.
The mtgox webservice connection does not work for me on two different systems and the price would be much higher if included.
Bitstamp bans me after a while.
So that only leaves coinbase working 100% and bitstamp sometimes.
Using coinbase/bitstamp and adding btce seems to match your prices best. If I add mtgox the price gets much higher.
Can we get the updated code please?