If you haven’t been paying attention to AuroraCoin, you might want to start right now. This might be the biggest and most ingenious cryptocurrency to date.
AuroraCoin is a 50% pre-mined cryptocurrency. This pre-mine will be distributed evenly among all citizens of Iceland, thus creating a country wide cryptocurrency.
Why Iceland, you might ask? Iceland has been hit the hardest by the economical crisis, inflation, and most notable of all, the collapse of the entire Icelandic banking system in 2008.
This is where AuroraCoin comes in, as it will give the Icelandic citizens an opportunity to free themselves from government debasement of fiat currency.
However, AuroraCoin can still be mined at this point, regardless of where you live. With a block reward of 25 AuroraCoin, there are still plenty of coins to go around for now.
Several mining pools are available for people willing to give AuroraCoin a chance. Even small time miners can still build up a decent amount of coins.
AuroraCoin has also been picked up by two exchanges so far, as it can be traded against Bitcoin at both CryptoRush, as well as Poloniex. Currently, 1 AuroraCoin is worth around 0.045 Bitcoin, or roughly 26 USD.
You will want to mark the date of March 25th on your calendars, as that will be the date when the AuroraCoin pre-mine will be distributed to the Icelandic population.
We at CryptoArticles are looking forward to see how this will play out for AuroraCoin, as it could be a major step in the right direction for cryptocurrency in general.
Check out the official AuroraCoin website, as well as the AuroraCoin thread on BitcoinTalk !
There is big alert on this coin.
I read it, http://auroracoin.org/blueprint.php. But it doesnt say anything, how they will validate that? How this proccess will be secure against ID fraud?
My second question is how they will do it? There are 320 000+ residents. They need verificate them in 4 months. It is 2 623 residents daily!!! Shocked
I tried search for answers but for my questions there are no answers yet!!!
Where will be verification that dev will be not creating fake wallets where he will send airdrops for yourself?!?!? Huh
Look, that idea of this coin is great but everyone must know that all is in one hand of "Shaddow man". How can you all trust him? Why to trust him?
"A database matching names to numbers is freely accessible (after login) on all Icelandic online banking sites. Given this openness, the Kennitala is never used as an authenticator. It is worth noting that the completeness of the National Registry eliminates any need for Iceland to take censuses."
So everyone can access this, everyone can than create claim to get "Airdrop"!!!
Everyone who is investing in this coin must be alerted!!!
Creator dont want answer all valid questions.
For me it looks like his plan is to dump some coins after "Airdrop" for yourself? How can anyone trust that he will not doing this fraud if he is not responding?!?