LTEX wrote:Exept that a Dutchman like myself would be holding a significant amount of that reserve... And many more like me. How do you see that?
I'm south African, my countries government currently holds billions of of Icelandic krona, many multiples more than the entire market cap of this coin right now.
sorin wrote:Auroracoin will be in the best case accepted by the Icelandic government, as a mean of exchanging goods and taxed accordingly. I personally don't expect anytime soon if ever that will be backed by the Icelandic government. They simply can't control it.
And as LTEX said we have already big auroracoin holders with 500.000+ bags full of coins. Is any government willing to transfer their money coffins to them? I guess no.
The government can control Auroracoin with ease, the market cap of this coin is so small my grandmother could double it by putting her pension money in right now.
Also if you look at the rich list there are only 70 individuals with more than 100 dollars invested in Auroracoin right now, and 36 of those are miners, the government could buy them out without even blinking