Since I'm not going to achieve psychic mindlock today with CfB and BCNext to get the information dump we all need, I'm gonna change the subject. (Squirrel!!! :
http://www.youtube.com/watch?v=SSUXXzN26zg )
There is a new coin on coinmarketcap.com just below NXT in market cap and that is Auroracoin. If you don't know about Auroracoin, you should take a minute and read some about it. It is a litecoin clone that is about to become an official government currency for Iceland. Without going into gory details, the banking system in Iceland has had huge problems over the past few years and the government is desperate to engineer a reboot. Thus Auroracoin. It has a 50% pre-mine that is being held in trust and will be given out to the people of Iceland in 25 days. They are encouraging activity to get tools in the hands of Icelanders to allow their easy use of this new currency.
http://www.auroracoin.org/http://theconversation.com/free-cash-for-iceland-but-it-pays-to-keep-cool-about-auroracoin-23061The 64,000 NXT question is - could NXT somehow get on this bandwagon and become part of the Auroracoin management system via AE? If we can get EVERYBODY IN ICELAND (population 300,000) owning NXT as a part of helping to manage their new Auroracoins...
How could we help them? What is the next step? Should we contact the developers offering them our support?
James, how should we proceed?
I am already proceeding and have been for a while. These market developments are not a surprise to me.
I can add auroracoin to the automated gateway, so anybody with aurora coin just establishes their NXT acct <-> Aurora addresses. Then we essentially extend AE to include the aurora wallet. This is why I am working so hard on the automated gateway. It instantly leverages whatever we connect to it with AE powers. Also AE gets extended with whatever is added.
Once we support the dozens of worthy altcoins, AE will be directly tied to all those wallets. Just like coinbase is linked to a checking acct. Once inside AE, there are all the crypto exchange possibilities, but more importantly real world trading, like POPPP's farm.
That is why I am developing the NXTcoins development kit that allows people to "configure" their NXT asset with coin type of properties. It is one thing to issue a bunch of Unicorn asset, another to properly manage the inventory, especially if it is tied into events outside the NXT blockchain. The gateway links offchain activities directly into AE.
Once we figure out how to get 10 second block times and make sure the cellphone apps handle QR codes, people can transact for real world goods in iceland using their cellphones. Now Aurora coin is not actually the official currency of iceland, more of a people's movement, but once we have 10 second block times, NXT hubs we can seriously start recruiting entire small countries to issue their currency as an AE asset.
James
You are correct (and I was wrong) that Auroracoin is not an official Icelandic Government project or currency. It is being promoted by an Icelandic entrepreneur named Baldur Friggjar Odinsson whose name is at the bottom of some of the Auroracoin.org text. He is almost certainly goes by "balduro" here on bitcointalk - that is the moderator of the Auroracoin [ANN] thread and its <sniff> mere 31 pages since Feb 2. It's a pretty good bet that Baldur himself is set up somehow to mine a good chunk of the other half of Auroracoins after the first half are "airdropped" to his people on March 25. (To non-Americans, the whole "airdrop" thing is kind of a joke because our former Central Banker Ben Bernanke said in a speech that it was so important to get cash in the hand of people to spend and break the ongoing recession that he would drop it from helicopters, leading to his nickname of "Helicopter Ben").
https://bt.irlbtc.com/view/446062.0One angle that is very important here, I think, is inflationary vs. non-inflationary coins. Iceland has been absolutely clobbered by inflation and that is at the heart of their problem in many ways. Auroracoin is a litecoin clone and so is inflationary. NXT is PoS and non-inflationary. Somehow, if they're going to take a mass national plunge into cryptocurrency in the next month, you could probably get a lot of Icelanders to prefer dealing with NXT rather than Auroracoin because if it's one thing they understand, it's dilution of their currency. Iceland is a small, isolated group of people. If we can't get NXT penetration into a group like that, we're never gonna make it in the big wide world with a hundred other altcoins all trying to get attention in their own way...
I say let's give Baldur a round of sincere hearty applause. The guy runs a thread and coin pretty much by himself with only 31 pages, and yet comes up with a cryptocurrency that (1) is just behind NXT in market cap on coinmarketcap.com and (2) is about to be the first "official" cryptocoin for an entire nation. We've got 5000+ members and 2000+ pages and have been working on establishing ourselves 3-4 times longer than he has, and we're just barely ahead of one guy...
Anyway, I think if we don't reach out to make contact with Baldur and somehow try to do a cooperative effort with him at NXT, I think we will be missing out on a big, big opportunity. Just thinking out loud and trying to spark some brainstorming here....
Hell, we've got whales that could give 3 NXT to everybody in Iceland for the same price Klee made a donation to a brain fund. No disrespect to Klee, who did a WONDERFUL thing with a science angle to boot, but if an NXT whale matched Baldur's attempt to get everybody in Iceland a cryptocoin start with NXT to get out of their rut, which event do you think the media would cover more? And which event would do more to reinforce the reputation of NXT as a premier pioneer in the cryptocurrency world?
I tell ya, we gotta figure out some way of connecting with Baudur ASAP for our mutual best interests...
