to break the shackles
12:59 | 04-03-2014 | Economics, Internet, Lifeform | 1 Comment
love the new *coin initiative:
Iceland has its own Satoshi. A programmer called Baldur Friggjar Odinsson has created an alternative to bitcoin that he is calling AuroraCoin and in twenty-three days he will “airdrop” 31.8 coins to every citizen of Iceland – all 330,000 of them.
that’s what they say on the website:
Five years ago, the government of Iceland imposed capital controls, following the collapse of a Ponzi inspired financial system that had issued far more Icelandic kronas than the nation could ever back up through its real economy. These controls were supposed to be “temporary”, but as with so many government actions, they remain in place to this day.
This means that the people of Iceland have, for the past five years, been forced to turn over all foreign currency earned to the Central Bank of Iceland. This means that the people are not entirely free to engage in international trade.
in an interview to TechCrunch quoted above the author also adds:
The people of Iceland are being sacrificed at the altar of a flawed financial system, controlled by an elite that made astronomical bets supported by the government on behalf of the people and ultimately at the expense of the people. The power must be taken away from the politicians and given back to the people.
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Giving people Auroracoin is a way of introducing the nation to cryptocurrencies, currencies that can’t be controlled by politicians and central bankers.
*coins aren’t the Gold 2.0 we used to believe. the concept behind these currencies, it’s rather the Socialism 2.0 we were missing so much.
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