Non-Icelander here. Have any of you heard of "Auroracoin?" It is a digital currency similar to Bitcoin that is meant to be given to all Icelanders?
I have been reading articles about a cryptocurrency called "Auroracoin" that is meant to be given to all Icelanders. It is a really fascinating concept and I would like to know how many people are aware of it and what you think about it. Thank you.
05-08 20:32 - 'So bitcoin maximalists have been reduced to (implicitly) comparing Auroracoin and Namecoin to Ethereum and Ripple? / Does anyone seriously expect today's Alt leaders to shrivel and (almost) vanish as easily as his examples did?' by /u/ebliever removed from /r/Bitcoin within 0-4min
05-08 23:12 - 'So bitcoin maximalists have been reduced to (implicitly) comparing Auroracoin and Namecoin to Ethereum and Ripple? / Does anyone seriously expect today's Alt leaders to shrivel and (almost) vanish as easily as his examples did?' by /u/ebliever removed from /r/Bitcoin within 154-164min
Despite the low trading volumes due to Corona pandemic in Q1 of 2020 crypto currencies have held onto gains from the previous year outperforming most stocks and commodities that are about to give up more ground as the next wave of the virus hits Asia and western centers enter the eye of the storm. Auroracoin has maintained value against bitcoin and has climbed up into the top 200 mineable coins. During the month of April lockdowns have been extended around the world and traders are preferring to park capital in bitcoin as a safe haven even over gold as cash dries up and money printing becomes ever more desperate. We hope to be renewing auroracoin purchases in May 2020.
Dear Colleagues, What a week... outside of an obscure Sci-Fi movie, one could not foresee the events of the past few days. The coronavirus (COVID-2019) pandemic is now creating havoc beyond the traditional economy, affecting cryptocurrencies as well. Today's weekly report will take a slightly different approach, focusing on the relative performance of the three EWMCI indices (Gold / Silver / Bronze) in relation to major cryptocurrencies that are traditionally considered "safe havens" during difficult times. Brief Summary - The past two weeks mark the beginning of a new downtrend for all three EWMCI crypto indices. Although the first week (2 weeks ago) was somewhat expected as a market correction was overdue, the second week (last 7 days) came unexpected and was associated with a global externality (COVID-2019) that has escalated well beyond previously projected dimension. From the recent highs, the Gold Index is down 20.7%, the Silver Index is down 15.8%, and the Bronze Index lost 10.7%. Critical Analysis of EWMCI Index vs. Mega-Cap Performance - I has been said that the true test of an investing strategy should not be based entirely on the amount of price appreciation on the way up, but also on the amount of damage (read: risk) containment on the way down. This is because continued and repeated declines tend to be more damaging to long-term value creation, as well as because it takes about 3x longer for an asset price to accumulate in relation to the more rapid drops. EWMCI Indices vs. Bitcoin (BTC) - During the past 2 weeks, BTC price in USD declined by about 15.1%. This compares favorably to the Gold Index (20.7% loss - Note: Gold Index contains BTC). When BTC is placed side-by-side with the Silver Index, both performed about the same (15.1% vs. 15.8%, respectively). However, when compared to the Bronze Index, BTC was outperformed by 5% (10.7% drop vs. 15.1% decline, respectively). EWMCI Indices vs. Ethereum (ETH) - For the same comparison period, ETH declined by 20%. This is similar to the Gold Index (20.7%) but significantly worse than either the Silver Index (15.8%) or the Bronze Index (10.7%). EWMCI Indices vs. Litecoin (LTC) - During the past 2 weeks, the price of LTC declined by approximately 24%. When compared to LTC's performance, all EWMCI indices did better than LTC. Conclusion - During the most recent, unexpected COVID-2019 related downturn, EWMCI indices performed same or better than BTC, and outperformed both ETH and LTC. Other Developments - We are pleased to announce that a new set of EWMCI pairs are now available on NLexch, with Auroracoin (AUR) base market! This is our third base market in as many weeks (Fides Lynx market; Zapple GlobalBoost-Y market, and now NLexch Auroracoin market). Big thanks to all coin teams and exchanges that made it possible! Another positive development is the early indication that Coinomi might be considering Coingecko as an alternative price data provider, especially for some of the altcoins currently not on CMC. This would be a huge development, as it would reduce our reliance on getting listed on CMC, both for exchanges and for coin projects / pairs :) Thank you again for your continued support! Till next week! Sincerely, Stan / EWMCI.info The beauty of DIY Crypto Index investing - Your coins, your wallet, your keys, your control, and you get to pick the performance/risk level...
Auroracoin (AUR) — Briefly the Number Two Cryptocurrency — Destroyed On Airdrop Impact
https://preview.redd.it/1933h2tyz3421.png?width=300&format=png&auto=webp&s=cda131cfb1ee9c33faa00f3c053d30c6507fb836 https://cryptoiq.co/auroracoin-aur-briefly-the-number-two-cryptocurrency-destroyed-on-airdrop-impact/ The War On Shitcoins Episode 3: Auroracoin (AUR). The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to their being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that are ruining the markets, and Crypto.IQ intends to expose all of them. The crypto space needs an exorcism, and we are happy to provide it. Back in the early days of crypto when there were less than 140 cryptocurrencies listed on CoinMarketCap versus nearly 2,100 cryptocurrencies today, Auroracoin (AUR) briefly became the second most valuable cryptocurrency on March 4, 2014, when its price peaked at $98. This corresponded to a market cap in excess of $1 billion at a time when Bitcoin’s (BTC) market cap was only $7 billion. But this ended up being one of the most vicious pump and dumps in the early days of altcoins since a mere two days later AUR’s price was already more than 80 percent lower. The reason AUR gained such a high market cap, if only briefly, is that it brought forth the original concept of national airdrops. It could also be considered the first attempt at a national cryptocurrency. The idea was that AUR would be distributed for free to all citizens of Iceland who signed up and that this would drastically increase cryptocurrency adoption in Iceland. AUR was mineable via Scrypt Proof of Work (PoW), and the mining community believed in AUR’s potential for becoming the national cryptocurrency of Iceland. Also, AUR was very scarce before the airdrop. Only 2.5 AUR were being distributed per minute via mining, and this scarcity automatically increased its value. There was a time when AUR was increasing beyond anyone’s expectations just before the airdrop, and numerous speculators jumped into the market only to experience catastrophic losses. But the extremely rapid price peak and subsequent crash is an excellent example of a pump and dump. Ultimately the citizens of Iceland who signed up likely dumped their AUR immediately for cash profits versus using or adopting AUR. Thus, the original purpose for which Auroracoin was built ended up being its biggest weakness, making Auroracoin a prime example of why national airdrops — and perhaps airdrops in general — do not work. At the point the airdrop occurs, the market becomes saturated, creating strong selling pressure. The Auroracoin airdrop occurred in 3 phases. On March 24, 2014, 31.8 AUR were given to each Icelandic citizen who signed up. Right before the airdrop started, the Auroracoin market cap was $163 million, and less than a week later it had crashed to $20 million. The earliest Icelanders who received their share of 31.8 AUR got an impressive $400, which explains why they immediately cashed out. By the time phase 1 of the airdrop ended in late July, 1.127 million AUR had been distributed across Iceland, and AUR’s market cap had been completely plundered to less than $170,000. Phase 2 of the airdrop immediately began when phase 1 ended, and the share per citizen drastically increased to 318 AUR to account for the fall in price. This amounted to about $30, however. By the time phase 2 ended, 1.6 million AUR were distributed, and AUR’s market cap was solidly less than $100,000. Phase 3 of the airdrop then began, and the reward was doubled to 636 AUR per citizen. 1.7 million AUR were distributed by the time the airdrop ended in late March 2015, and the AUR market cap had declined to less than $40,000. Essentially, speculators and miners worldwide invested heavily into AUR during early 2014 in the hopes that a national airdrop would make AUR a strong cryptocurrency long term. In the end, the airdrop sucked all of the money out of the AUR market. This represented a redistribution of wealth from people in the crypto space who cared about Auroracoin to about 45,000 citizens in Iceland who didn’t. With the airdrop completed and no more purpose left for Auroracoin, the developers pulled one final trick in April 2015 and burned 5.3 million unclaimed AUR. This led to a speculative rally that increased the Auroracoin market cap back to $450,000. Shockingly, in March 2018, AUR’s market cap increased to $20 million on strong buying pressure. This showed the tremendous disconnect between the crypto rally and reality. AUR had already been proven to be a failure more than three years earlier. Currently, Auroracoin has a market cap of $1.6 million despite the fact that AUR has practically no community and no purpose. The trading volume is less than 0.2 Bitcoins (BTC) per day, and confined to the small exchanges Cryptopia and YoBit. This shows how shitcoins with no real trading activity or value can have a market cap in excess of $1 million, proving how meaningless market cap can be at measuring a cryptocurrency’s investment worthiness.
Hi all, I was listening to the Trace Mayer podcast and he was talking about the "HODLERs of last resort". You can listen here: https://www.bitcoin.kn/2018/03/the-bitcoin-hodler-of-last-resort/ I think it's relevant here in BTCP as well. I know things are down and we didn't get our exchange listings yet and coinmarketcap is not showing our market cap and maybe there's some problems on the dev team? But, I wanted to take the time to explain why I'm a hodler of last resort for BTCP. First off, blockchains don't die easy so even if all the devs for BTCP quit and this board dies off, as long as there is a way to sell BTCP and miners keep mining it, BTCP is going exactly no where. I mean Auroracoin and Bitconnect are still alive for crying out loud. The price may decline, maybe even to less than $1, but it's going to be around and it will always have the possibility of coming back to favor. I got into ZCL originally because I saw the potential in BTCP and none of that has changed. In fact, certain aspects of the value prop are even stronger than I would have thought when I first entered my position. I think the biggest thing we have going for us is our community. There's a lot of people here and I don't think we're going to let this thing die easy. Importantly, Bitcoin Private HAS A USE CASE and it's something that Bitcoin doesn't do well at the current time. It's also quite possible that Bitcoin doesn't ever adopt privacy features and even it does, it could take 5 years or more before it's implemented. Even Matt Corallo said he sees confidential transactions a ways out for Bitcoin as the research into how to implement it is still ongoing and they're not even close to consensus. You can also bet there will be a major fight about the best way to implement it just like there was for scaling. So, while things may have not gone our way price-wise, the opportunity for this coin is still exactly the same as it was before the fork. So, all in all nothing has changed and the team has paid $600k to exchanges to be listed already. Do you think the exchanges want to return that money? I don't. Bitcoin private will be listed on larger exchanges, it will be traded, it will be mined. The (mostly volunteer) devs will implement segwit. More stuff will happen. So, I'm a hodler of last resort. Who's with me?
2.After being publicly available for trade for almost 6 months, around 65% of trading is still on Bitfinex, which has a reputation for being hacked 3 times and conducting the USDTether scam. https://coinmarketcap.com/currencies/iota/#markets Also the price is 28% higher on the Korean exchange Coinone, due to the limited circulating supply. This is likely to change soon.
"In fact, it can be shown that the strategy of one large double-spending transaction increases the attacker’s chances of being successful. In the “ideal” situation of this mathematical model, this attack always succeeds."
3.b The IOTA white paper is around 3 times longer than Bitcoin's, taking about 10 pages to describe attack scenarios, but doesn't really go into how to reliably stop them!
Like u/pyalot said "If your concept does not yet work 2 years in, it will never work." If anyone has anything else, let me know and I'll add it.
5 Years after the first giveaway of Auroracoin we look back to see which were the biggest airdrops in history. Some have reached astronautical heights, and some of them failed miserably. With over 3000 airdrops analysed, these past 6 freebies gathered an accumulated airdrop value of $500,000.00. Not bad for our loyal airdrophunters. Are these the biggest airdrops in history?
We are Adam, Mike, Ryan, Angelo and Ken of Vault of Satoshi (Canadian Bitcoin Exchange) AUA! And Raise Money for Cancer Research!
My short bio: Hey folks I'm Adam Cochran, Director of Marketing for Vault of Satoshi, Canada's largest international cryptocurrency exchange! I'm joined by some our team for our first ever Ask Us Anything! The team who is here today: Mike Curry - Co-Founder Ryan van Barneveld - Co-Founder Adam Cochran - Director of Marketing Angelo Rodrigues - Software Engineer Ken Vahl - Developer And as of 1pm, we'll be happy to take your questions on Cryptocurrency, our exchange, Canada, our team, you name it! (Disclaimer: We reserve the right to not answer questions related to security policy if we feel it may jeopardize user security) Our Proof:www.twitter.com/vaultofsatoshi Donations for Canadian Cancer Society: Since April is Cancer Awareness month we'll be raising funds for the Canadian Cancer Society in cryptocurrencies today! Feel free to tip in your favorite crypto to the wallet addresses below! 100% of all proceeds will be going to the Canadian Cancer Society once exchanged for Fiat and we'll announce on /VoS how much we raised, and which crypto gave the most! Bitcoin: 1EsrAN9RDp7XA9c7aXxoC4gQApeTQaQqgD Dogecoin: D6iydwkV4ahLb1kh7kkL2HKYZ123GBddcP Auroracoin: AULecYyfRxE712pHJYWuBtfJNY3nUwJgTH Cryptogenic Bullion: 5k4GfUse1aqLdFNoxfNJExkw28joR5971u Darkcoin: Xurkbw2bdxufHxZywh9uPRz5Nby42rtqzM Digitalcoin: DEUJ7ewRVbaYDD2Uvomi12beAmHEAsjG7f Litecoin: LgqWyaZcDeexJP4JmFBJKjLvarEeeiMHAu Mintcoin: MdNiyTfUWfgmYdJCBbvLkmnEgL5EjpnQqp Peercoin: PQCvLzmnFASX1Dr3Sn4ng6sqEU9pTRhMmh Quark: QjMiv7Buwd38RiDTTSD6N5cbHxB1HiwqCU Vertcoin: VqP5TBNs7fNT9cLCanG7FqvAEC5QeknfPt Worldcoin: WcauiMQDq2cgs8E81vddr2E9NQpyd5mKKA
I just called the MtGox call centre in Japan - they confirmed that the login has been put there by "legal" and they have not been hacked
I called this number from the original banckrupty announcement (I called from Australia - we are only 2 hours ahead): https://www.mtgox.com/img/pdf/20140228-announcement_eng.pdf [EDIT: I checked the current online version linked above with an earlier copy I had downloaded just in case they are different - I can confirm the document content including phone numbers are the same.] Telephone number +81 3-4588-3922 Working hours Monday to Friday 10am to 5pm (Japan time) There was no waiting, so nobody is using that line it would appear. A nice man with an American accent said that the login has been put there by "legal" for users to check their balances and that the website has not been hacked. Just wanted to share this. UPDATE REGARDING TRANSACTION HISTORY: I called the number again (about an hour later) - again, absolutely no waiting - I called again to ask about my transaction history. The same man answered, with the American accent (although sounded Japanese), who spoke impeccable English. He said that the transaction history is still unavailable because the courts still have to "polish" it (whatever that means). I said I needed it for taxation purposes. He replied by saying he will "check on this, and post an update on the website soon". There you go. EDIT: Another piece of trivia I noticed. The man at the call centre pronounced MtGox as "EmptyGox" (M-T-Gox) whereas I've always thought of it as "Mount Gox". Interesting. UPDATE: Another established Redditor also called to confirm this - posted here: http://www.reddit.com/Bitcoin/comments/20oig3/mtgox_update_20140317_you_can_now_log_in_to_see/cg5htbx UPDATE: Coindesk has also called the call centre and confirmed this: http://www.ibtimes.co.uk/cryptocurrency-news-round-auroracoin-rebounds-100-days-dogecoin-mtgox-reopens-1440799
I am the person behind the small experimental record label, Þ Kollektiv, tempted to start accepting dogecoins. Would you be interested?
Hey fellow Ðoges, My name is Jóhannes Gunnar Þorsteinsson and this year I started the experimental noise/ambient/electronic/drone record label and art collective here in north Iceland, called Þ Kollektiv. (trivia: Did you know that the letter Þ and Ð are highly related to each other in Icelandic, and almost sound the same). I've been tempted for a very long time to start accepting cryptocurrencies and after looking into the various coins out there (bitcoin, litecoin, auroracoin... etc...) I ended up choosing Dogecoin and was amazed. Seriously guys, It's been extremely joyful hanging out on this subreddit of yours for the past months. So, I just wanted to check if there's any interest for this, and also if there are any websites/services that support selling music for doge you recommend. Although I might do it "manually" to begin with. You can check out some of our noises on the links at the bottom of this post.
More info on Þ Kollektiv, taken from the website
Þ Kollektiv is a multimedia art collective and a label operating from Húnaþing Vestra, North Western Iceland. Founded in 2015, Þ embraces the ugly, the noisy, and the misfits of the art world. Þ celebrates the beauty of freedom of arts and technology, therefore all of Þ's releases make use of creative commons and similar licenses that honor freedom.
26 days ago... I called it Like I've said before in this post. This market is heavily manipulated. Some people have hundreds of bitcoins and it isn't difficult to move the market when you have that kind of purchasing power. This current downtrend was due to the following chain of events: 1.) No major news for dogecoin. 2.) Multipools cheating out other pools by snagging high value blocks. 3.) AuroraCoin stealing some of our thunder Another predicton of mine when it was at $20 and climbed to $93/AUR. With no major news events, new members dropped. Keep in mind there isn't anything to base a currency on other than news articles and membership! That's even true for bitcoin! So in this bizzaro world, No News is Bad News. Secondly we had multipools gaming the system to obtain more dogecoins. This in turn lead miners to leaving the game because it's not fair, or rigged. This leads to a drop in hashrate which many speculators see as a trend in how valuable a coin is. Put this all together and you get a perfect storm for whales to create a dump. But a funny thing happened. The price hit 103 satoshi's and 20 to 30 bitcoins were dropped like a hat causing the price to rise. It's now almost at 120 satoshi's (THAT'S A 20 FREAK'n PERCENT PROFIT PEOPLE!). But why? What changed? This The Mods announced a fix to the problem and the whales took that as good news. They easily dropped a substancial amount of bitcoin buying up while everyone else was panic selling. So what's my next prediction? Either doge will drop under 100, or it'll remain in the low 100's until the next big news comes along (expect a pump a couple weeks prior to the halving). Either way it's sticking around. 70,000 shibes don't go quietly into the night my friend. They bark loudly and wake up the neighbors who have to wake up early to take their kids to school the next day. Stand tuff doges.
Get Auroracoin (AUR) price, charts, volume, market cap, exchange list and more. Get Auroracoin (AUR) price, charts, volume, market cap, exchange list and more. 🧑🌾 Time to Farm - Bringing you the best yielding farms here! EN . Language. ... Donate Bitcoin Cash. Donation Address. What is Auroracoin? Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014. Auroracoin is based on Litecoin, a descendant of the Bitcoin protocol, the foremost cryptocurrency in the world. Auroracoin (AUR) is a peer-to-peer cryptocurrency launched in February 2014 as an Icelandic alternative to bitcoin and the Icelandic króna. Auroracoin (Scrypt) has 17 mining pools and uses the Scrypt algorithm. The Rise and Fall of Auroracoin. There are 100s of altcoins, but very few have had the mainstream media publicity that Auroracoin enjoyed. Hailed as “Iceland’s Bitcoin”, it was created in February 2014 under the Norse-god-inspired pseudonym of Baldur Friggjar Odinsson. You can buy Auroracoin on ISX with Icelandic Króna. You can trade Auroracoin on Zapple for Bitcoin(BTC) and BitcoinCash(BCH). You can trade Auroracoin on NLexch for BTC, BCH, ETH, LTC, DOGE, and others. You can sell products or get paid for service in Auroracoin. You can earn Auroracoin by running a miner using ASIC hardware. ×
What is Aurora (AURA) and will it make you rich????
How to Send & Receive Bitcoin with Cash App - A tutorial on how to deposit and withdraw bitcoin using cash app. 💸 Get Cash App ($5 FREE): http://cash.me/app/... In this episode, you’ll find out what you need to send and receive Bitcoin or Bitcoin Cash, and how exactly you can do it. Remember to subscribe to our Youtu... Auroracoin (code: AUR, symbol: ᚠ) is a peer-to-peer cryptocurrency launched in February 2014 as an Icelandic alternative to bitcoin and the Icelandic króna. The unknown creator or ... What is Aurora (AURA) and will it make you rich???? This coin has an amazing strategy and team behind it so let's do a bit of research and see if this coin is living up to the hype. Thank you for ... Introduction to the bitcoin-based cryptocurrency designed especially for the people of Iceland. Learn more at whatisauroracoin.com.