Page 14 - ARUBA TODAY
P. 14
A14
LOCALFriday 2 February 2018
ArubaCoin: A Social Experiment, Just Like Bitcoin
total value of $115. This is how we
wanted to reach broad distribution
for the local Aruban community.
And in this way create a low bar-
rier of entry for the rest of the com-
munity.”
Who started ArubaCoin and with
what purpose?
“ArubaCoin has the same mys-
tique that Bitcoin has, nobody
knows who the creators of the
genesis block are, which eventu-
ally doesn’t matter. It’s a grassroots
project, it’s been released for the
public. The community has grown
substantially, from bitcoin advo-
cates to Aruban cryptocurrency
community members. The same
as Satoshi Nakamoto left bitcoin
to the community members, this
happened to ArubaCoin also. The
purpose is to solve a problem and
have an alternative. A social ex-
periment just like bitcoin.”
By Linda Reijnders wealth by controlling the private Its a new technology that many What is your goal with Arubacoin?
ORANJESTAD – New initiatives give key, which you can backup nu- still don’t understand nor need to.
energy, but you need to under- merous ways and multiple times. Many don’t understand what TCP/ “The goal of the ArubaCoin com-
stand them to be willing to partici- It’s an open source and fully audit- IP is but you use it every day, it’s munity in general is to have a wide
pate. Aruba Today had the plea- able on the block chain. Anybody called the internet. Eventually the adoption and active community
sure to interview the people of and everybody can contribute.” user-experiences will be seamless and slowly but surely grow the
ArubaCoin, out of curiosity about and you won’t know you are using eco-system. Sustainability is priority.
the new cryptocurrency. “It’s also programmable money so cryptocurrency in the backend of An easy and instant means of ex-
there are allot of use-cases, Aru- an application. Many are skepti- change. Physically bringing cash is
What is ArubaCoin and how does baCoin could have numerous pur- cal of Bitcoin or ArubaCoin which costly and timely, while local bank
it work? poses: is very normal transfers takes 2 days.”
if you don’t fully understand the
“ArubaCoin is a decentralized so- 1) means of cheap and instant ex- fundamentals. Cryptocurrency How many and which companies
cial cryptocurrency, there is no change without any 3rd party in- was created out of necessity to work with ArubaCoin so far?
central authority. It’s an ERC-20 volved solve a problem.”
on the ethereum block chain. The 2) e-commerce and online plat- “Currently in Aruba there are 16
benefit of that is, ArubaCoin can forms instant payments without the “ArubaCoin did 2 rounds of free businesses accepting ArubaCoin:
be sent and received on any ethe- risk of charge-backs Airdrops to the Aruban Community
reum wallet. Transaction fees are 3) a censorship resistant scarce where hundreds of participants re- Linda’s Dutch Pancakes
paid in ether and it is supported digital asset ceived free 200 ArubaCoin (at to- Aruba E-Bike Tours
by popular hardware wallets Leg- 4) financial sovereignty day’s market price $2.30 = $460) Casalina Garden Apartments
der and Trezor. You control your 5) automated settlement layer and 50 ArubaCoin airdrops current New Image Spa Aruba @ Barcelo
Hotel
Alfie’s Burger joint & Bar
Mi Desayuno Restaurant
Cunucu 297
Tennis School Aruba Palm Beach
ArubaCanoe water activities &
paddle school
Motivami
Dog Hotel Aruba
Gomes Air-conditioning & services
InvenTech Aruba
Best Buy Family Store
Its listed on 2 exchanges: EtherD-
elta exchange and ForkDelta ex-
change. And listed on CoinMar-
ketWatch.com for market cap
and price ticker, market indicators.
GetDelta app also for price ticker.”
Continued on Page 15
