[ANN] Ʉ Umbrella | Insured Cryptocurrencies | Umbrella-LTC | Litecoin Insurance - page 6.

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: MinermanNC on July 29, 2014, 12:44:27 PM

Quote from: discodancer on July 29, 2014, 11:31:47 AM

Question:
What is CDIC? Is it Canada Deposit Insurance corporation? If yes, then they ensure "deposits" in a bank:
http://en.wikipedia.org/wiki/Canada_Deposit_Insurance_Corporation

" The CDIC insures Canadians' deposits held at Canadian banks (and other member institutions) up to CA$100,000 in case of a bank failure."

not some random company like Umbrella is showing itself to be. So yeah good try.

did you just hop in here and read the last page of this thread or something? people amaze me with their ignorance.

http://www.cdic.us/

I did go through the pages. And I did see the page. That said, for a thread as moronic as this, ignorance will really be a bliss.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: discodancer on July 29, 2014, 11:31:47 AM

Question:
What is CDIC? Is it Canada Deposit Insurance corporation? If yes, then they ensure "deposits" in a bank:
http://en.wikipedia.org/wiki/Canada_Deposit_Insurance_Corporation

" The CDIC insures Canadians' deposits held at Canadian banks (and other member institutions) up to CA$100,000 in case of a bank failure."

not some random company like Umbrella is showing itself to be. So yeah good try.

did you just hop in here and read the last page of this thread or something? people amaze me with their ignorance.

http://www.cdic.us/

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: pujumba on July 29, 2014, 11:24:14 AM

Ok.... you have a great coin here dev if this...

Example: John owns 1 BTC and an equal amount (in value) of Umbrella-BTC. Bob owns 1 BTC. Both are held on Exchange XYZ. Exchange XYZ fails and declares bankruptcy protection. John opens up a claim to the CDIC and gets his Umbrella-BTC returned to him. John is still out 1 BTC, but not completely wiped out by the exchange collapse. On the other hand, Bob has lost all his money and has no where to turn for help. He posts a sympathy thread on reddit hoping for donations :-(

...becomes truth all people eventually will get in , on this coin.

but we nedd marketing, a IRC channel for the comunity and some "trustable" exchange.

well lets see tomorrow!

That's a pretty good example ... yep its insurance Cheesy

Umbrella Holdings

sr. member

Activity: 630

Merit: 252

Quote from: discodancer on July 29, 2014, 11:31:47 AM

Question:
What is CDIC? Is it Canada Deposit Insurance corporation? If yes, then they ensure "deposits" in a bank:
http://en.wikipedia.org/wiki/Canada_Deposit_Insurance_Corporation

" The CDIC insures Canadians' deposits held at Canadian banks (and other member institutions) up to CA$100,000 in case of a bank failure."

not some random company like Umbrella is showing itself to be. So yeah good try.

No affiliation with the Canadian company you mention.

Umbrella Holdings

sr. member

Activity: 630

Merit: 252

Quote from: pujumba on July 29, 2014, 11:24:14 AM

Ok.... you have a great coin here dev if this...

Example: John owns 1 BTC and an equal amount (in value) of Umbrella-BTC. Bob owns 1 BTC. Both are held on Exchange XYZ. Exchange XYZ fails and declares bankruptcy protection. John opens up a claim to the CDIC and gets his Umbrella-BTC returned to him. John is still out 1 BTC, but not completely wiped out by the exchange collapse. On the other hand, Bob has lost all his money and has no where to turn for help. He posts a sympathy thread on reddit hoping for donations :-(

...becomes truth all people eventually will get in , on this coin.

but we nedd marketing, a IRC channel for the comunity and some "trustable" exchange.

well lets see tomorrow!

More FUD on the thread? That should be moved to our unofficial thread? https://bitcointalksearch.org/topic/ann-umbrella-yet-another-waste-of-resources-bullshit-crapsurance-689836

Anyhow, Yes we need more people involved. Anyone who is interested in helping please shoot me a PM. Lot's of work to do from this point on.

We are working with two exchanges at the moment. Already have pentests scheduled. Will post more information when things become finalized.

Thanks everyone,

--Robert

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Quote from: pujumba on July 29, 2014, 11:24:14 AM

Ok.... you have a great coin here dev if this...

Example: John owns 1 BTC and an equal amount (in value) of Umbrella-BTC. Bob owns 1 BTC. Both are held on Exchange XYZ. Exchange XYZ fails and declares bankruptcy protection. John opens up a claim to the CDIC and gets his Umbrella-BTC returned to him. John is still out 1 BTC, but not completely wiped out by the exchange collapse. On the other hand, Bob has lost all his money and has no where to turn for help. He posts a sympathy thread on reddit hoping for donations :-(

...becomes truth all people eventually will get in , on this coin.

but we nedd marketing, a IRC channel for the comunity and some "trustable" exchange.

well lets see tomorrow!

No its not. Either these are kids or some scammers trying to fool people. I might get flamed on this thread for saying this but this is the very definition of the shitcoin you mention in your signature.

discodancer

sr. member

Activity: 378

Merit: 250

Time is Money - Benjamin Franklin

Question:
What is CDIC? Is it Canada Deposit Insurance corporation? If yes, then they ensure "deposits" in a bank:
http://en.wikipedia.org/wiki/Canada_Deposit_Insurance_Corporation

" The CDIC insures Canadians' deposits held at Canadian banks (and other member institutions) up to CA$100,000 in case of a bank failure."

not some random company like Umbrella is showing itself to be. So yeah good try.

pujumba

full member

Activity: 252

Merit: 100

Join The Blockchain Revolution In Logistics

Ok.... you have a great coin here dev if this...

Example: John owns 1 BTC and an equal amount (in value) of Umbrella-BTC. Bob owns 1 BTC. Both are held on Exchange XYZ. Exchange XYZ fails and declares bankruptcy protection. John opens up a claim to the CDIC and gets his Umbrella-BTC returned to him. John is still out 1 BTC, but not completely wiped out by the exchange collapse. On the other hand, Bob has lost all his money and has no where to turn for help. He posts a sympathy thread on reddit hoping for donations :-(

...becomes truth all people eventually will get in , on this coin.

but we nedd marketing, a IRC channel for the comunity and some "trustable" exchange.

well lets see tomorrow!

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: seedtrue on July 29, 2014, 07:02:35 AM

Quote from: coa032 on July 29, 2014, 06:27:59 AM

WTS 5 ULTC for 0.1 BTC

Quote from: thcmakaveli on July 29, 2014, 06:41:54 AM

Quote from: coa032 on July 29, 2014, 06:27:59 AM

WTS 5 ULTC for 0.1 BTC

WTS 5 ULTC for 0.09

WTS 10 ULTC for 0.1 BTC

Wink

Don`t want to sell.... even with 9 coins Tongue

I hold for a long time

jBacchus

member

Activity: 140

Merit: 10

Quote from: coa032 on July 29, 2014, 07:02:56 AM

Quote from: jBacchus on July 29, 2014, 06:59:20 AM

I would like to see it on the market... period!

Me too...I think that dev should contact bittrex.

I just tweeted them... maybe if a lot of other people do too... they will add it!

coa032

hero member

Activity: 602

Merit: 500

Quote from: jBacchus on July 29, 2014, 06:59:20 AM

I would like to see it on the market... period!

Me too...I think that dev should contact bittrex.

seedtrue

legendary

Activity: 963

Merit: 1002

Quote from: coa032 on July 29, 2014, 06:27:59 AM

WTS 5 ULTC for 0.1 BTC

Quote from: thcmakaveli on July 29, 2014, 06:41:54 AM

Quote from: coa032 on July 29, 2014, 06:27:59 AM

WTS 5 ULTC for 0.1 BTC

WTS 5 ULTC for 0.09

WTS 10 ULTC for 0.1 BTC

Wink

jBacchus

member

Activity: 140

Merit: 10

I would like to see it on the market... period!

zhinkk

sr. member

Activity: 266

Merit: 250

Looks interesting, I'd like to see how it fares in the actual market. Also, 2% preallocation seems a little high doesn't it?

thcmakaveli

sr. member

Activity: 252

Merit: 250

Quote from: coa032 on July 29, 2014, 06:27:59 AM

WTS 5 ULTC for 0.1 BTC

WTS 5 ULTC for 0.09

coa032

hero member

Activity: 602

Merit: 500

WTS 5 ULTC for 0.1 BTC

thcmakaveli

sr. member

Activity: 252

Merit: 250

When the block reward will be increased ?

vxkingvn

newbie

Activity: 4

Merit: 0

Waiting for exchanges along... Undecided

pujumba

full member

Activity: 252

Merit: 100

Join The Blockchain Revolution In Logistics

Waiting for exchanges

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: coa032 on July 28, 2014, 07:13:19 PM

Quote from: MinermanNC on July 28, 2014, 07:06:05 PM

I see

hardcore miners

darkteck

minep.it

all hashing ULTC. good job pool devs

AND our ULTC dev too!

Good launch Wink

Yup...coin looks good. I am just waiting for Chinese to wake up and start digging with their scrypt asic farms. Diff will skyrocket.

Oh my lol, isn't that the truth!! well lets hope that's what they do,,, the more hash power the quicker its listed on big exchanges and coins get out there.

Topic: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | Umbrella-LTC | Litecoin Insurance - page 6. (Read 42573 times)