Iceland’s Auroracoin virtual currency giveaway

In an effort to restore some of the value of the Icelandic krona, entrepreneur Baldur Friggjar Odinsson has created Auroracoin, a virtual currency similar to the Bitcoin system, and intends to distribute digital coins to all 333,000 Icelandic citizens. The Auroracoin website describes the virtual currency as: “a cryptocurrency for Iceland. It is based on litecoin…