Auroracoin, Sterlingcoin, Scotcoin: National Cryptocurrencies Provide Alternative to Central Banking
Auroracoin, an Icelandic cryptocurrency, has nearly doubled in price over the fresh round of scandals revealed in the Panama Papers. CoinTelegraph spoke with developers behind three regionally-centric cryptocurrencies (Auroracoin, Sterlingcoin, and Scotcoin) about their vision for modern currency designed for their respective peoples. Dissatisfaction with financial system. Cryptocurrencies created for a specific people can save them from the central banking system. Recent scandals unearthed by the Panama Papers leak demonstrate corruption and hypocrisy from public officials, as well as a....
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When Scotland was contemplating seceding from the United Kingdom, some citizens put forward proposals that an independent Scotland should adopt bitcoin-or another cryptocurrency such as the Scotland-themed Scotcoin-as its national currency. However, Scotland voted down the independence referendum, meaning that Scotland will remain in the United Kingdom and retain the British Pound as legal currency. Once this became clear from the polls in the days leading up to the vote, the Scotcoin price dropped. However, despite its decline, the Scotcoin price has avoided collapse. Scotcoin Price....
Auroracoin, the “cryptocurrency for Iceland”, will begin distributing auroracoins to the country's citizens this week, starting tomorrow, 25th March. The distribution, which is being called Airdrop, will send 50% of the total auroracoins in circulation to the country's populace. Icelandic residents that enter their permanent resident ID on auroracoin's official website will receive 31.8 AUR (roughly $385 at press time). The fourth-place digital currency in terms of overall market cap, Auroracoin quickly rose to prominence amongst the myriad new digital currencies for its unique approach to....
Scotcoin is getting its day in the sun as RT News put out a story highlighting the cryptocurrency’s viability in a post-Brexit Scotland. The Russian-owned alternative news source interviewed Willie Fleming, the director of the Scotcoin Project, about the Scottish cryptocurrency. “Scotcoin is a cryptocurrency much like many other cryptocurrencies, similar to Bitcoin, one designed specifically for use by the Scottish people”, says Fleming. Scotcoin as alternative to traditional money transfers, and Bitcoin Fleming outlined the advantage provided to everyday Scots, showing how using Scotcoin....
Last month, prompted by his inability to raise the block size limit from 1MB to 2MB, Bitcoin Core developer, Mike Hearn, abandoned Bitcoin altogether and declared the cryptocurrency to be a failed experiment. The price of Bitcoin quickly fell from about $420 per coin to slightly above $360, and now has re-stabilized close to its original price before Hearn’s article. Bitcoin and altcoin prices less correlated. CoinTelegraph spoke to representatives of several other cryptocurrencies to gauge if they had been affected by the challenges Bitcoin, the cryptocurrency standard bearer, has been....
After the 2008 global crisis shook the stability of the financial system, we came to a clearer understanding that everything is not a given. It is inevitable that we eventually start revisiting the current state of things and play around with the idea of money seeking to find what we can do differently. Bitcoin came out with a promise of a universal currency that does not correlate with the stock markets and is free from any country’s political decisions. This indeed provides a great advantage in times of political and economic uncertainty, right? However, lately, we have been witnessing....