Icelandic Government Debating Auroracoin's Fate

Seems national cryptocurrencies, once looking quite promising, have been running into major obstacles lately. First Auroracoin, then Mazacoin. It may be a great idea down the road, but lesson learned ... if a development team premines a potentially national currency, they're doing it wrong.

Then you have the 'central banks' feeling it's too volatile of course. Pot kettle black invisible hand.


"Iceland’s Parliamentary Economic Affairs and Trade Committee held a formal discussion regarding auroracoin in closed meeting on 14th March.
Auroracoin is a digital currency based on the litecoin source code, and a portion of it will be provided for free to Icelandic citizens. It has experienced a remarkable surge in popularity as an alternative to bitcoin, passing litecoin in total market cap in early March for a short period. It is currently the number four digital currency by market cap."

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