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 Iceland's 330,000-or so
citizens. That's about 31.8 Auroracoins, or roughly $380 per person,
according to the price established by markets for digital currencies before the free distribution (the value has since dropped).
Icelanders can redeem the coins
by logging into Facebook through a gateway and providing their
Icelandic ID number, or by sending an SMS which can be matched with
their national ID. So far more than 1 percent of coins have been
claimed, according to the Auroracoin Twitter account, but the site
itself is unavailable, perhaps due to high traffic.
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