Iceland Election Rekindles Interest in Nationalist Auroracoin
The financial crisis of 2008 bankrupted the tiny country of Iceland, and a few years later a digital currency called Auroracoin was released to all residents as a way to change how they approached money. Many saw it as potentially becoming the first national digital currency, but it never reached its full potential. Now, renewed interest in Auroracoin is putting it back into the minds of those in the crypto world. The financial crisis of 2008 led us into what has been called “the Great Recession.” The crisis was felt worldwide, including by the small, but beautiful country of Iceland....
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A team of Icelandic cryptocurrency enthusiasts is gearing up to launch an altcoin designed specifically for the population of Iceland. Auroracoin is a litecoin-based digital currency, 50% of which is pre-mined. This is where it gets interesting: the pre-mined coins will be distributed to the entire populace of Iceland starting on 25th March. Each one of the country's 330,000 citizens will receive 31.8 auroracoins. Why Iceland? Iceland's banking sector does not have a very good track record, and this appears to be the driving factor behind auroracoin. The team cites the government's use of....
Advertisements for Auroracoin, the Icelandic cryptocurrency, have begun to appear at bus stops all around the country. The advertisement, consisting only of “Auroracoin” in text and the coin’s logo on a white background. The advertisements are part of a public awareness campaign by the Auraráð, or Auroracoin, Foundation. According to Pétur Árnason, Auraráð Foundation chairman, these advertisements are meant to lay the groundwork for a resurgence of the Icelandic cryptocurrency later this year. “We have been preparing for Auroracoin promotion in Iceland for over a year now as we wanted to....
Vice Motherboard released a short documentary and accompanying article on Icelandic cryptocurrency Auroracoin. The film, titled The New Currency at the End of the World, runs about 15 minutes, and follows cryptocurrency advocate Mikjall Hannes as he investigates Auroracoin in Iceland. It includes Pétur Árnason, chairman of the Auroracoin Foundation, outlining his vision for spreading the currency to the people, as well as its main reason for existing: to give the people of Iceland an escape from their current wealth-bleeding financial system. First major coverage outside of Iceland since....
Auroracoin, dubbed 'a cryptocurrency for Iceland', has reached 10% of its total 'Airdrop' distribution goal. Although news about the digital currency has been quiet since its nationwide dissemination, the project will soon launch a gateway that will better integrate with the country's ID system in order to streamline the process via which Icelandic residents obtain auroracoin. Furthermore, recent developers suggest that the altcoin is quietly increasing awareness about Icelandic monetary policy, and generating new discussions about the role digital currencies can play in the country's....