[Craig Axford]
Using the Bitcoin protocol as a model, citizens of Iceland are being offered Aurocoin as an alternative to the Krona. Citing a steady decline in the Krona’s value and the collapse of 2008 as the reasoning behind this alternative, each Icelander became entitled to access their share of the new “cryptocurrency” in March of 2014.
Baldur Friggjar Odinsson, A nation breaks the shackles of a fiat currency, Auroracoin, March, 25, 2014
- Aurocoin is new “cryptocurrency” being offered to each Icelander
