Life After Official Currencies: Lessons from Auroracoin, Scotcoin
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....
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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....
While many virtual currencies and assets are created to replace fiat currencies and to drive the progress, the ScotCoin has set a different goal, which is actually very libertarian and important. The developers of the ScotCoin have decided and stated to donate 100 million ScotCoins to 10 000 Scottish registered charities, public organizations and communities. Everyone leaving an application for the money will receive up to 25 000 coins and has to match the following criterion:
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....
The Scotcoin Project announced that they are to phase out the existing 'standalone' SHA256 Scotcoin network and fully migrate to the Counterparty solution, as a Digital Asset, utilizing the Bitcoin network infrastructure. Derek Nisbet, Founder of Scotcoin said: "Following on from the successful launch and subsequent roll out of Scotcoin directly to the Scottish people, and with the ongoing interest in developing further solutions for Scotcoin, we faced a real issue with respect to maintaining the integrity of the existing network, as Scotcoin was built on it's own blockchain. Thanks to the....