Auroracoin is the brainchild of cryptocurrency enthusiast Baldur Friggjar Odinsson, and he’ll be the one distributing pre-mined coins to the entire population of Iceland at midnight on March 25 in a countrywide „airdrop.“ Each Icelandic citizen—all 330,000 of them—will receive 31.8 AUC through a digital transaction. Citizens all have a national ID number available through a public database, which will be used to verify their identity.
„So I intend to leverage this system so everyone has a chance to verify their ID and get their share of Auroracoins. For most, it will be as easy as logging onto Facebook,“ Odinsson told me. „People will have (at least) a year to claim their coins.“
Why would someone want to give away over 10 million digital coins? To stick it to the man, naturally. Auroracoin creators believe the digital currency can buck the „unholy alliance“ between governments and too-big-to-fail banks, by taking the power away from politicians and giving it back to the people.
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