Auroracoin’s development team plans a second coming as new scandals emerge with government corruption surrounding 2008’s bank collapse.
Iceland’s financial turmoil is back with a new scandal related to 2008’s bank failures. Wintris Inc., a British Virgin Islands-based company revealed to be owned by Anna Sigurlaug Pálsdóttir, wife of Prime Minister Sigmundur Davíð Gunnlaugsson, is claiming 515 mln. isk (icelandic kronas, over 4 million USD) in bankruptcy funds from the three failed banks during the crash. Seeing this as a corrupt move, opposition parties are reportedly moving towards a no confidence vote in the Prime Minister, and a petition calling for his resignation has acquired more than 12,000 votes. The 2008 banking collapse created fertile ground for crypto
Auroracoin , a cryptocurrency made for the Icelandic people, generated a great deal of interest when plans were announced to distribute it directly to the people themselves. The distribution was carried out without a proper infrastructure in place for conversion into local currency, resulting in a steep price drop as citizens attempted to sell off their coins. Amid new problems stemming from corruption in Iceland’s government, a renewed AuroracoinCT r: 293 push is planned by the development team this year.
CoinTelegraph spoke with Pétur Árnason, Chairman of the Auraráð foundation, and Hlynur Þór Björnsson, a Foundation board member, about Auroracoin’s second coming.
CoinTelegraph: What prompted the creation of the Auroracoin project?
Pétur Árnason: I can’t answer for the original developers since they were anonymous and none of the current developers was involved with that. The Auroracoin project is an experiment to jump start an cryptocurrency economy . The idea was to distribute cryptocurrency to a whole nation where everyone had an equal chance to claim the coins and take part in the experiment. What better way to get a cryptocurrency economy […]
