FYI.

This story is over 5 years old.

Tech

The New Currency at the End of the World

Presented by Unlimited: The chances of the Auroracoin’s success seem high. Yet, it’s not clear what success will achieve. Will it merely be old capital’s new clothes?

Given Iceland's small size, geothermal energy, and technologically literate population, the chances of Auroracoin's success seem high. Yet, it is not clear what exactly succeeding will achieve. How will it meaningfully undermine governments? Will it redistribute wealth? Or redefine it? Or will it merely be old capital's new clothes?