March 7, 2014 · 5:45 PM
Hi all. This week Auroracoin reached almost to 1 billion in caps. Yes you heard right. For a coin that just arrived around February 2014, of this year, what can you say - this is a whacking year of crypto-currencies. It really is a roller coaster - some thought Mt Gox killed bitcoins, then 2ndMarket plan for a new exchange resurrects the coin, and now you have this Auroracoin and highly anticipation of Icelandic countrywide coin-giveaway - from lowest drop of death valley, to the midway on mountain peaks.
If you have read about this coin, this is the coin that an Icelander developer is giving away to all the citizens of Iceland on March 25 of 2014, about 31 coins. However it is out right now and it is trade-able and mine-able if you have a large enough equipment. I've heard it hit $15 about a week ago with 300 mil caps, then skyed to $97/coin and around 950 million in caps.
On a side note Mazacoin, the coin for some of the tribes of Lakota Indians, is also rising. Although an FBI agent warned the developer that crypto-currency is not a legal tender by law. That's funny they are messing with some Indians on their territory, but they won't touch Washington or Colorado territories' recreation use of Marijuana that is against Federal Law - always sticking it to the Red man. Nor, is the FBI coming after Overstock.com, or anyone else that is accepting digital coins, just only the Indians. If I was them I would file a civil lawsuit claiming discrimination.