"Why Auroracoin Will Do Great Things for Iceland, and Iceland, The World."

       I am a Trader of Crypto-Currenices, and in my recent venture into this wild and exciting world, I came across Aurora Coin, a coin based off the Litecoin Proof of Work Protocol, with multi-Algorithm support. I was surprised. It has great technology that is time-tested going back many years, good development, and a new android lite wallet released two weeks ago, plus a governing board dedicated to its integration in the day to day use in Iceland as an eventual digital currency alternative to the Icelandic krona. Yet it has a tiny market cap. of only 2.6 million USD, a very low price relative to the past, and, seemingly at first, no news of developments within the last year or so!

So I did some digging.... and found that most online English websites were linking to old, no-longer-in-use twitter accounts, and outdated information. It turns out that Sites like Coinmarketcap, Coingecko, and CryptoCompare weren't showing new developments because they had not been updated with the new Official Twitter Account of Aurora Coin, "Auroracoin@officialAUR." They instead linked to "Aurora Coin@coinaurora," or, "auroracoin@auroracoinIS," neither of which have posted the most recent information about the coin's development; specifically Its Android lite wallet released on GooglePlay two weeks ago, nor the recent success of the Pirate Party in gaining 10 seats in a parliament of 63, up from only 3 in the previous election. This is important because The Pirate Party are very Pro-CryptoCurrency, and, with this Party quite likely to gain majority share of the Parliament in the next elections... it makes sense that as a Trader, or anyone interested in Cryptocurrency, you would want this most recent information to help Inform your assessment of Aurora coin's valuation.

This was surprising, at first, but one must remember that those Websites most English Speaking Traders use, are only English sites... and many people outside of Iceland do not speak Icelandic... so the Traders could not read about these recent developments in Aurora Coin unless they did some digging and found the Auroracoin@OfficialAUR Twitter Feed. It was a eureka moment for me; It had made no sense that a clearly good coin with potentially an entire nation adopting it soon as a secondary form of payment, would rank so low In Market Capitalization and Price.

There is a very storied and interesting history to the reason for development of Aurora Coin, and the events in its History. Iceland was the only Nation I can remember that, after the 2008 Financial Crisis, did in fact hold the Groups/bankers and Individuals that engineered the Crisis, Legally Responsible, by jailing them, and, also, refused to pay the fraudulent debt. Nearly all other countries in the world did not do this... which is in part why countries like Greece, Portugal, Spain, And Italy, among many others, never really solved the root cause of the financial Crisis, and to this day remain unable to extricate themselves from a Complex Web of Debt. These countries will never be able to repay this onerous debt which they never really wanted, and, in truth, do not really owe. This is because the profits were privatized and the debt socialized. Since the 2008 Crisis Privately Owned Central Banks in most nations have simply "Bought" the "recovery," through Inflationary Fiat Money Printing. Iceland wisely saved itself from becoming another Argentina, or Greece.

Case in point, The Story of Iceland's AuroraCoin is, in my opinion, the de-facto example of why Non-centralized, Non-inflationary Money like BitCoin, or Iceland's AuroraCoin, are needed and so valuable: they provide a potential solution to the systemic violence, exploitation and unrest caused by Centralized Fiat Money Printing, with the fraud and Economic Oppression endemic to such Centrally-Run Fiat Paper systems that we have seen time and again in countries across the World.  Indeed, it pays to learn from History which repeats itself in places, as well as times... going all the way back to Ancient Rome. All Fiat Currencies, on average, become worthless within 30 years resultant of Over-Printing by Central Regimes, just ask Germany about what happened in the Wiemar Republic. 

This is why I am so happy about the recent developments in Blockchain Technology! It can do so much good for the World! Iceland's experiment with Aurora Coin and Blockchain Technology was not a failure because during the next few years Blockchain Technology will gain mass adoption helping to solve many difficult problems We All have long faced. I picture The Pirate Party very likely succeeding; to then leverage Iceland's very inexpensive and bountiful electric resources, combined with its cold climate, to become a Major Competitor in hosting Large Mining Facilities and Server Centers. This will hasten the creation of Infrastructure on which future BlockChain Companies and Technologies can run! Iceland could become a Blockchain-Hub, supporting this rapidly growing sector. This is good for Iceland, and great for all the rest of Us, across This Great World!

For full disclosure... as a trader I did take a position in Aurora Coin and fully expect some very big things to happen with this coin in the near future valuation-wise. This is not Financial Advice, but merely my opinion on Aurora Coin.

You can do it Iceland!

Thefutureisnow@cryptoboater