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Icelanders can now each claim $400 worth of Auroracoin, the country’s new digital currency

25
Mar
2014

At midnight this morning in Iceland, digital currency fell from the sky. The developer behind Auroracoin, a digital currency designed exclusively for Iceland, has made $125 million worth of coins redeemable by Icelands 330,000-or so citizens. The people of Iceland are being sacrificed at the altar of a flawed financial system. The goal is to decentralize power and revive Icelands local economy, given that the kroner has fallen dramatically in value in recent years.

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