My bad - the 1st page of this topic is not updated.
Thanks! Fixed.
Topic: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | BITTREX | Litecoin Insurance - page 20. (Read 145901 times)
October 24, 2014, 04:10:09 PM
Thanks! Fixed.
October 24, 2014, 04:09:03 PM
My bad - the 1st page of this topic is not updated.
October 24, 2014, 04:07:11 PM
We need blockchain & richlist.
everything is at umbrella.holdings .richlist and blockchain October 24, 2014, 03:35:37 PM
We need blockchain & richlist.
Have you visited our website?
October 24, 2014, 03:34:28 PM
We need blockchain & richlist.
October 24, 2014, 03:32:52 PM
Just a quick post to say that ULTC is one of the merged coins that can be mined on http://myriad.p2pool.geek.nz, with MYR as the the parent coin.
I check you claim merged mining for a lot of many scrypt coins simultaneously. Including [GRE] Greencoin and SYS [Syscoin]. I guess it is not possible to mine this two coins together while GRE and SYS both have the same Chain ID (=1)?
in main.cpp (lines 2624-2626) it is declared
Code:
int GetOurChainID() {
return 0x0001;
}I suppose one could mine only one Aux coin with the same Chain ID - either [GRE] or [SYS].
October 24, 2014, 03:13:47 PM
Just a quick post to say that ULTC is one of the merged coins that can be mined on http://myriad.p2pool.geek.nz, with MYR as the the parent coin.
I check you claim merged mining for a lot of many scrypt coins simultaneously. Including [GRE] Greencoin and SYS [Syscoin]. I guess it is not possible to mine this two coins together while GRE and SYS both have the same Chain ID (=1)?
in main.cpp (lines 2624-2626) it is declared
Code:
int GetOurChainID() {
return 0x0001;
}I suppose one could mine only one Aux coin with the same Chain ID - either [GRE] or [SYS].
October 24, 2014, 03:11:14 PM
Its ULTC BuyDAY
October 24, 2014, 02:51:56 PM
ULTC to the moon! It goes again to 275k or more
ummm, your rocket ship just got back to earth from the moon....next ride, who the hell knows.
October 24, 2014, 01:58:51 PM
ULTC to the moon! It goes again to 275k or more
October 24, 2014, 01:12:53 PM
Just a quick post to say that ULTC is one of the merged coins that can be mined on http://myriad.p2pool.geek.nz, with MYR as the the parent coin.
I'm trying to kickstart a new mining initiative by donating my mining this weekend, starting less than 5 hours from now (midnight tonight, until midnight Sunday, UK time). Basically the proceeds of my mining will be shared out across the whole pool, which should make for some profitable mining. Full details can be found at http://www.reddit.com/r/CryptoCurrency/comments/2k51nr.
I'm trying to kickstart a new mining initiative by donating my mining this weekend, starting less than 5 hours from now (midnight tonight, until midnight Sunday, UK time). Basically the proceeds of my mining will be shared out across the whole pool, which should make for some profitable mining. Full details can be found at http://www.reddit.com/r/CryptoCurrency/comments/2k51nr.
October 24, 2014, 09:29:19 AM
Where would we be without the Glorious Delaware.
If you decide to open up something in Europe look into the Isle of Man or, ofcourse, Ireland.
Similar easy going services there as well
If you decide to open up something in Europe look into the Isle of Man or, ofcourse, Ireland.
Similar easy going services there as well
October 24, 2014, 08:30:26 AM
Entity Details THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 5327054 Incorporation Date / Formation Date: 04/30/2013
(mm/dd/yyyy)
Entity Name: ROUTER RESEARCH INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: INCORP SERVICES, INC.
Address: 1201 ORANGE ST., STE 600 ONE COMMERCE CENTER
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19899
Phone: (800)246-2677
https://delecorp.delaware.gov/tin/controller
you can find it by typing on the file # field 5327054
File Number: 5327054 Incorporation Date / Formation Date: 04/30/2013
(mm/dd/yyyy)
Entity Name: ROUTER RESEARCH INC.
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: INCORP SERVICES, INC.
Address: 1201 ORANGE ST., STE 600 ONE COMMERCE CENTER
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19899
Phone: (800)246-2677
https://delecorp.delaware.gov/tin/controller
you can find it by typing on the file # field 5327054
October 24, 2014, 03:46:00 AM
October 23, 2014, 11:39:06 PM
Robert, you're going to have to post actual links. I perform professional investment due diligence for a major hedge fund and simply saying something exists without actual links or proof isn't going to cut it.
I'm still not finding any results for 'umbrella' on coinssource. I would suggest posting a link if you can find it there.
http://www.coinssource.com/trust-index/ Look for the little search bar. Type in "Umbrella" no quotes and it will find us.
Also, that link to the 'reimbursement' had nothing to do with him having owned ULTC it seemed. Correct me if I'm wrong but he had BTC stolen, not ULTC, and therefore he wasn't paying any 'premium' per se, you basically donated 1.2 BTC to him to use as a marketing example more than anything, yes? So basically no ULTC holders have been reimbursed for ULTC loses as a result of theft. Hence, this is still a concept that hasn't been put into action.
We have had Atomic https://www.atomic-trade.com as one of our insured exchanges. No claims have been opened thus far. We just brought on Poloniex https://poloniex.com/ a couple days ago. No claims have been opened thus far. With no claims in 2 months of operation, I was a bit anxious to show how Umbrella worked and used the recent loss which I happen to come across one night as an example of what we can provide. This is all proof of concept, just like Bitcoin.
Also, State of Delaware sites aren't pulling up any results for Router Research or the file number you included. I tried searching just before their 'business hours' ended just now and I'll try again tomorrow though.
https://delecorp.delaware.gov/tin/GINameSearch.jsp Yes, you are unable to search corporate entities past business hours.
Still love the concept and definitely see exchanges starting to use your services as a marketing tool to get traders to go to their exchange.
This is the idea, shake out the weak exchanges.
Very curious to see what 'limited amount' of insurable amounts and accounts will be possible. I mean obviously there's no way you could have survived a MintPal-type event if you insured every DRK-holder or BTC-holder for example, however I can definitely see traders clamoring for your services if you only had a select few trading accounts which were reimbursed.
Initial Litecoin insurance is capped at 200LTC which is a couple of BTC. Not much, but we do plan on scaling, this will happen as marketcap climbs.
Thanks
I'm still not finding any results for 'umbrella' on coinssource. I would suggest posting a link if you can find it there.
http://www.coinssource.com/trust-index/ Look for the little search bar. Type in "Umbrella" no quotes and it will find us.
Also, that link to the 'reimbursement' had nothing to do with him having owned ULTC it seemed. Correct me if I'm wrong but he had BTC stolen, not ULTC, and therefore he wasn't paying any 'premium' per se, you basically donated 1.2 BTC to him to use as a marketing example more than anything, yes? So basically no ULTC holders have been reimbursed for ULTC loses as a result of theft. Hence, this is still a concept that hasn't been put into action.
We have had Atomic https://www.atomic-trade.com as one of our insured exchanges. No claims have been opened thus far. We just brought on Poloniex https://poloniex.com/ a couple days ago. No claims have been opened thus far. With no claims in 2 months of operation, I was a bit anxious to show how Umbrella worked and used the recent loss which I happen to come across one night as an example of what we can provide. This is all proof of concept, just like Bitcoin.
Also, State of Delaware sites aren't pulling up any results for Router Research or the file number you included. I tried searching just before their 'business hours' ended just now and I'll try again tomorrow though.
https://delecorp.delaware.gov/tin/GINameSearch.jsp Yes, you are unable to search corporate entities past business hours.
Still love the concept and definitely see exchanges starting to use your services as a marketing tool to get traders to go to their exchange.
This is the idea, shake out the weak exchanges.
Very curious to see what 'limited amount' of insurable amounts and accounts will be possible. I mean obviously there's no way you could have survived a MintPal-type event if you insured every DRK-holder or BTC-holder for example, however I can definitely see traders clamoring for your services if you only had a select few trading accounts which were reimbursed.
Initial Litecoin insurance is capped at 200LTC which is a couple of BTC. Not much, but we do plan on scaling, this will happen as marketcap climbs.
Thanks
October 23, 2014, 11:29:36 PM
I'm still not finding any results for 'umbrella' on coinssource. I would suggest posting a link if you can find it there.
http://www.coinssource.com/trust-index/#
page 3 umbrella 7/7
October 23, 2014, 11:13:55 PM
October 23, 2014, 08:51:35 PM
Intriguing chart and concept.
Issues:
-Can't find the coin on coin source site and on OP it says physical letter from them to you is pending (that was 3 months ago)
-no ULTC holders have actually been made whole yet (ie proof of concept is still concept)
-no clarity on who exactly this Dev is
-no clarity on how exactly this concept will NOT get taken advantage of by fraudsters (ie if my Bittrex is hacked and all my ULTC stolen how exactly do I prove that someone stole it versus me just transferring it to another address and claiming I was victim of theft)
-reading back through thread this Dev has somewhat of a history of getting hopes up without follow through (UBTC and other coins launching).
-'Router Research, Inc' from Umbrella's home page doesn't seem to exist according to State of California Secretary of State company search site, perhaps it's under a different name?
Potential:
-could legitimately be a game changer because we know there is a need in crypto land for some type of 'insurance' in case of hack or exchange 'goxing'.
-at only $250k market cap this is a good, solid, cheap speculative bet.
-chart showing accumulation phase is well under way, no consistent red flag dumping at all and all available coins keep disappearing in between pumps, hugely bullish.
-a UDRK asset could be huge. MintPal's theft was quite possibly most devastating to DRK out of all the alt cryptos, and has left many of us scrambling for an alternative exchange. UDRK could a chunk of those was wanting a safety net now.
All-in-all, ULTC is getting more and more attention by leading the BTC volume on Bittrex each day and so far Dev hasn't abandoned ship yet with the rise in price so it's worth a small gamble for traders.
JL
Issues:
-Can't find the coin on coin source site and on OP it says physical letter from them to you is pending (that was 3 months ago)
-no ULTC holders have actually been made whole yet (ie proof of concept is still concept)
-no clarity on how exactly this concept will NOT get taken advantage of by fraudsters (ie if my Bittrex is hacked and all my ULTC stolen how exactly do I prove that someone stole it versus me just transferring it to another address and claiming I was victim of theft)
-reading back through thread this Dev has somewhat of a history of getting hopes up without follow through (UBTC and other coins launching).
-'Router Research, Inc' from Umbrella's home page doesn't seem to exist according to State of California Secretary of State company search site, perhaps it's under a different name?
Potential:
-could legitimately be a game changer because we know there is a need in crypto land for some type of 'insurance' in case of hack or exchange 'goxing'.
-at only $250k market cap this is a good, solid, cheap speculative bet.
-chart showing accumulation phase is well under way, no consistent red flag dumping at all and all available coins keep disappearing in between pumps, hugely bullish.
-a UDRK asset could be huge. MintPal's theft was quite possibly most devastating to DRK out of all the alt cryptos, and has left many of us scrambling for an alternative exchange. UDRK could a chunk of those was wanting a safety net now.
All-in-all, ULTC is getting more and more attention by leading the BTC volume on Bittrex each day and so far Dev hasn't abandoned ship yet with the rise in price so it's worth a small gamble for traders.
JL
Well Robert Murray, do you plan on addressing these other issues?
Hello Jesse Livermore,
Let me give these a stab...
Issues:
-Can't find the coin on coin source site and on OP it says physical letter from them to you is pending (that was 3 months ago)
The listing is about 3 pages back, only because we were the first ones to register and get verified. Coinssource was very speedy with the address verification and we got moved from 6/7 to 7/7 stars the same week.
-no ULTC holders have actually been made whole yet (ie proof of concept is still concept)
Not sure what you mean by made whole? Do you mean reimbursed? If so, here is one example: http://umbr.la/inSured
-no clarity on how exactly this concept will NOT get taken advantage of by fraudsters (ie if my Bittrex is hacked and all my ULTC stolen how exactly do I prove that someone stole it versus me just transferring it to another address and claiming I was victim of theft)
How do regular insurance companies stop fraud? They don't, they mitigate risk to the fullest extent.
Risk management is a top priority and so is fraud prevention. This is where the investigation takes place and there is good log management in place to help paint the picture. When a breach occurs, the exchange knows and will work with us to supply us the information we need. This is why we only work with exchanges who we can trust. We will eventually have a SIEM in place that sends us logs in real time. In the case of a complete disaster, like the exchange disappearing from the face of the earth this type of system would be invaluable. The individual opening the claim should have all the supporting documentation like emails, or possible password resets available for us to see.
We do everything in baby steps. We are only going to insure a limited amount of customers to start and we are capping the total amount insurable. Will there be some growing pains along the way? I imagine so...
-reading back through thread this Dev has somewhat of a history of getting hopes up without follow through (UBTC and other coins launching).
I take full responsibility for Umbrella-BTC not being launched on time. I jumped the gun on announcing it only because the coding has been completed. I am a firm believer in extended beta times, especially after what hapend during the ULTC launch. I want a smooth, bug free launch and I want it to be a success. If it needs to be delayed a few months so I can relesase it bug free with more features I am going to do that. I can say that we have a firm commitment from Poloniex for a launch day listing which is a plus. So again, I apologize but it will be worth the wait.
-'Router Research, Inc' from Umbrella's home page doesn't seem to exist according to State of California Secretary of State company search site, perhaps it's under a different name?
ROUTER RESEARCH INC. - Incorporated in the State of Delaware - File# 5327054
All-in-all, ULTC is getting more and more attention by leading the BTC volume on Bittrex each day and so far Dev hasn't abandoned ship yet with the rise in price so it's worth a small gamble for traders.
JL
We are just getting started and have a long road ahead of us. There will be ups and downs, price corrections, swings, product delays etc...but we will stay committed. Also, we are looking for good people to join the team. Anyone who is interested PM me please.
October 23, 2014, 07:34:01 PM
Intriguing chart and concept.
Issues:
-Can't find the coin on coin source site and on OP it says physical letter from them to you is pending (that was 3 months ago)
-no ULTC holders have actually been made whole yet (ie proof of concept is still concept)
-no clarity on who exactly this Dev is
-no clarity on how exactly this concept will NOT get taken advantage of by fraudsters (ie if my Bittrex is hacked and all my ULTC stolen how exactly do I prove that someone stole it versus me just transferring it to another address and claiming I was victim of theft)
-reading back through thread this Dev has somewhat of a history of getting hopes up without follow through (UBTC and other coins launching).
-'Router Research, Inc' from Umbrella's home page doesn't seem to exist according to State of California Secretary of State company search site, perhaps it's under a different name?
Potential:
-could legitimately be a game changer because we know there is a need in crypto land for some type of 'insurance' in case of hack or exchange 'goxing'.
-at only $250k market cap this is a good, solid, cheap speculative bet.
-chart showing accumulation phase is well under way, no consistent red flag dumping at all and all available coins keep disappearing in between pumps, hugely bullish.
-a UDRK asset could be huge. MintPal's theft was quite possibly most devastating to DRK out of all the alt cryptos, and has left many of us scrambling for an alternative exchange. UDRK could a chunk of those was wanting a safety net now.
All-in-all, ULTC is getting more and more attention by leading the BTC volume on Bittrex each day and so far Dev hasn't abandoned ship yet with the rise in price so it's worth a small gamble for traders.
JL
Issues:
-Can't find the coin on coin source site and on OP it says physical letter from them to you is pending (that was 3 months ago)
-no ULTC holders have actually been made whole yet (ie proof of concept is still concept)
-no clarity on how exactly this concept will NOT get taken advantage of by fraudsters (ie if my Bittrex is hacked and all my ULTC stolen how exactly do I prove that someone stole it versus me just transferring it to another address and claiming I was victim of theft)
-reading back through thread this Dev has somewhat of a history of getting hopes up without follow through (UBTC and other coins launching).
-'Router Research, Inc' from Umbrella's home page doesn't seem to exist according to State of California Secretary of State company search site, perhaps it's under a different name?
Potential:
-could legitimately be a game changer because we know there is a need in crypto land for some type of 'insurance' in case of hack or exchange 'goxing'.
-at only $250k market cap this is a good, solid, cheap speculative bet.
-chart showing accumulation phase is well under way, no consistent red flag dumping at all and all available coins keep disappearing in between pumps, hugely bullish.
-a UDRK asset could be huge. MintPal's theft was quite possibly most devastating to DRK out of all the alt cryptos, and has left many of us scrambling for an alternative exchange. UDRK could a chunk of those was wanting a safety net now.
All-in-all, ULTC is getting more and more attention by leading the BTC volume on Bittrex each day and so far Dev hasn't abandoned ship yet with the rise in price so it's worth a small gamble for traders.
JL
Well Robert Murray, do you plan on addressing these other issues?
October 23, 2014, 07:20:38 PM
Very well written article.
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