Topic: [ANN] UniversalCoin (UNV) - The 0.01 BTC minimum value coin - - page 8. (Read 29112 times)
JAPANESE translation: https://bitcointalksearch.org/topic/japanese-877
ITALIAN translation: https://bitcointalksearch.org/topic/m.6851710
It's certainly possible to design exchange software that would enforce a minimum price, but does the existing software have that capability? Has the developer contacted the exchanges and asked them whether they can set a minimum price for all trades of a particular coin? If he hasn't done this yet, he better do it. If they say no, that blows his idea for this coin.
Even if an exchange is willing to enforce a minimum buy price, that doesn't mean there are buyers. So, your coins being automatically worth double what you paid is a wish. A coin is only worth what someone will pay for it RIGHT NOW. That's why I am surprised that most exchanges list the "last" price as the price. Normally a stock is listed at the current BID.
Indian (Hindi) Translation:
https://bitcointalksearch.org/topic/ann-universalcoin-unv-the-001-btc-minimum-value-coin-619047
https://bitcointalksearch.org/topic/ann-universalcoin-unv-the-001-btc-minimum-value-coin-619047
Here are 2 scenario's where an IPO investor would loose.
1. Investor buys a large amount of UNV and plans to sell them at double the price paid at an exchange, but there are no buyers.
2. Investor buys a large amount of UNV and plans to sell them at double the price paid at an exchange, but when the investor later looks at the exchange price, he sees that it's far below what he paid at the IPO. He contacts the exchange and asks how that is possible since the coin has a minimum price. The exchange responds that they have no power to set prices and the prices are determined by the market.
1. Investor buys a large amount of UNV and plans to sell them at double the price paid at an exchange, but there are no buyers.
2. Investor buys a large amount of UNV and plans to sell them at double the price paid at an exchange, but when the investor later looks at the exchange price, he sees that it's far below what he paid at the IPO. He contacts the exchange and asks how that is possible since the coin has a minimum price. The exchange responds that they have no power to set prices and the prices are determined by the market.
TURKISH TRANSLATION = https://bitcointalksearch.org/topic/unv-universalcoin-minimum-btc-deeri-001-olan-coin-619180
While translating i see some good points of this coin , i guess there will be a blast.
While translating i see some good points of this coin , i guess there will be a blast.
It's certainly possible to design exchange software that would enforce a minimum price, but does the existing software have that capability? Has the developer contacted the exchanges and asked them whether they can set a minimum price for all trades of a particular coin? If he hasn't done this yet, he better do it. If they say no, that blows his idea for this coin.
If a joke coin like doges has been noticed and used in popular websites, why you can't trust this project?
I'm interested in this project!
I'm interested in this project!
Romanian translation https://bitcointalksearch.org/topic/m.6870064
Quote
- UNV will have minimum value of 0.01 BTC, in order to follow the economic plans.
No trade Under this value will be possible on exchanges, so it will be Anti-dump-launch .
SPECIFICATIONS
- Algorythm : SCRYPT
With the coming of super ASIC-Scrypt miners, the scrypt will become ecologic and won’t let the GPU-miners stay back in the race, waiting to renewal their miners for ASIC.
- POW/POS
- Total coins : 20 billion
- POS rate : 1,5 %
- Block time : 60 seconds
- Difficulty retarget : Every hour
- Coins per block : 1902 UNV
- Premine :
- 0.5 % team
- 2 % for spreading, communication, faucets …
- 47.5% Held on a public address, on cold wallet, reserved for institutions and economic organizations.
- IPO : 0.01 % email us first at [email protected]
No trade Under this value will be possible on exchanges, so it will be Anti-dump-launch .
SPECIFICATIONS
- Algorythm : SCRYPT
With the coming of super ASIC-Scrypt miners, the scrypt will become ecologic and won’t let the GPU-miners stay back in the race, waiting to renewal their miners for ASIC.
- POW/POS
- Total coins : 20 billion
- POS rate : 1,5 %
- Block time : 60 seconds
- Difficulty retarget : Every hour
- Coins per block : 1902 UNV
- Premine :
- 0.5 % team
- 2 % for spreading, communication, faucets …
- 47.5% Held on a public address, on cold wallet, reserved for institutions and economic organizations.
- IPO : 0.01 % email us first at [email protected]
20 billion coins times minimum value of 0.01 BTC equals 200 million bitcoin. There will be maximum 21 million bitcoin in existence when it is mined fully. Do you know what i am getting at dev?
I'm Glad to announce German translation for this thread : https://bitcointalksearch.org/topic/m.6853052
Italian translation here: https://bitcointalksearch.org/topic/ann-universalcoin-unv-la-moneta-dal-valore-minimo-di-001-btc-618888
In simple words, you won't be able to write under 0.01BTC when placing selling/buying orders, on exchanges platforms.
So, ignoring for the moment that you will need any participating exchange to enforce that somehow ... since you are offering the IPO coins at half that price - 0.005 per UNV - you are promising to double the money of every IPO investor?
Do you see a possible flaw there?
Honestly , I think we should stop bothering with him.
The idea of trying to maintain btc price has failed and was rejected by the community and how this guy with no economical insight want to try a failed project all over again.
It's just advertise for this ipo , nothing else than a publicity stunt.
If you think twice, if crypto projects will be very designed to absorb whole mass monetary, well it must be such a calculation.
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
How about you answer the question, "in a real economic way" ... How will you guarantee a minimum value of 0.01 BTC?
He is basing his assumption on the thing that he wants to sell the coins at the price of 0.01 each.
By this people won't be interested in selling lower and going at a loss , thus maintaining an artificially inflated price.
The only problem is that there might be no buyers and some of the owners will start selling to cut loses , which will brake this artificial wall.
The point you don't understand guys on UNV, is that UNV hasn't been thought for speculation and trading .
The PBM is that you only think in terms of benefits, but the UNV project is only thought to be a real alternative to $, €, £ (...), and the only fact that UNV will be 0.01 BTC (equivalent) is enough for the economic plans.
As for example when you buy any product in a shop, you will buy it to only use it, not for sell it for an extra value or sell it under the price, but just use it.
As the same when you exchange $ for €, you don't expect to make benefit for that (uless you're an $/€ trader of course!!), but just need € in order to pay things if you go to Europe.
That's as simple as that.
In fact we don't really need it to be more than 0.01BTC, but if it goes up it, well, good, but it won't change anything to the plans.
Got it ?
STOP ALWAYS THINKING IN A BUSINESS WAY.
You mae even less sense with this.
What do you plan on doing .. selling the uv at 0.01 btc and offering services in uv at this rate?
Are you able to run this kind of operation?
And even if you are able to do this , there is another flaw in your thinking.
Even the the dollar the euro are oscillating , how can you fix the price?
In a free market , you can't do it.
In simple words, you won't be able to write under 0.01BTC when placing selling/buying orders, on exchanges platforms.
So, ignoring for the moment that you will need any participating exchange to enforce that somehow ... since you are offering the IPO coins at half that price - 0.005 per UNV - you are promising to double the money of every IPO investor?
Do you see a possible flaw there?
In simple words, you won't be able to write under 0.01BTC when placing selling/buying orders, on exchanges platforms.
Quote
the UNV project is only thought to be a real alternative to $, €, £
Do you mean UNV can take the place of the (petro) dollar?
(The petro-dollar used to have the premier currency reserve status and was accepted everywhere.)
Yes of course (Sometimes we need to speak with simple-words - Petro-Dollar is not understandable for everybody
If you think twice, if crypto projects will be very designed to absorb whole mass monetary, well it must be such a calculation.
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
How about you answer the question, "in a real economic way" ... How will you guarantee a minimum value of 0.01 BTC?
He is basing his assumption on the thing that he wants to sell the coins at the price of 0.01 each.
By this people won't be interested in selling lower and going at a loss , thus maintaining an artificially inflated price.
The only problem is that there might be no buyers and some of the owners will start selling to cut loses , which will brake this artificial wall.
The point you don't understand guys on UNV, is that UNV hasn't been thought for speculation and trading .
The PBM is that you only think in terms of benefits, but the UNV project is only thought to be a real alternative to $, €, £ (...), and the only fact that UNV will be 0.01 BTC (equivalent) is enough for the economic plans.
As for example when you buy any product in a shop, you will buy it to only use it, not for sell it for an extra value or sell it under the price, but just use it.
As the same when you exchange $ for €, you don't expect to make benefit for that (uless you're an $/€ trader of course!!), but just need € in order to pay things if you go to Europe.
That's as simple as that.
In fact we don't really need it to be more than 0.01BTC, but if it goes up it, well, good, but it won't change anything to the plans.
Got it ?
STOP ALWAYS THINKING IN A BUSINESS WAY.
I take it that's a no, then? You can't answer the question.
The minimum value will be guaranteed on exchange.
Of course people could sell it under value peer to peer if they want but ...
Who really gonna sell UNV under its value knowing that he could sell it on exchanges for a 0.01BTC minimum ? (stupid people yes ...
)How will its value on an exchange be "guaranteed"?
Quote
the UNV project is only thought to be a real alternative to $, €, £
Do you mean UNV can take the place of the (petro) dollar?
(The petro-dollar used to have the premier currency reserve status and was accepted everywhere.)
Yes of course (Sometimes we need to speak with simple-words - Petro-Dollar is not understandable for everybody
If you think twice, if crypto projects will be very designed to absorb whole mass monetary, well it must be such a calculation.
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
How about you answer the question, "in a real economic way" ... How will you guarantee a minimum value of 0.01 BTC?
He is basing his assumption on the thing that he wants to sell the coins at the price of 0.01 each.
By this people won't be interested in selling lower and going at a loss , thus maintaining an artificially inflated price.
The only problem is that there might be no buyers and some of the owners will start selling to cut loses , which will brake this artificial wall.
The point you don't understand guys on UNV, is that UNV hasn't been thought for speculation and trading .
The PBM is that you only think in terms of benefits, but the UNV project is only thought to be a real alternative to $, €, £ (...), and the only fact that UNV will be 0.01 BTC (equivalent) is enough for the economic plans.
As for example when you buy any product in a shop, you will buy it to only use it, not for sell it for an extra value or sell it under the price, but just use it.
As the same when you exchange $ for €, you don't expect to make benefit for that (uless you're an $/€ trader of course!!), but just need € in order to pay things if you go to Europe.
That's as simple as that.
In fact we don't really need it to be more than 0.01BTC, but if it goes up it, well, good, but it won't change anything to the plans.
Got it ?
STOP ALWAYS THINKING IN A BUSINESS WAY.
I take it that's a no, then? You can't answer the question.
The minimum value will be guaranteed on exchange.
Of course people could sell it under value peer to peer if they want but ...
Who really gonna sell UNV under its value knowing that he could sell it on exchanges for a 0.01BTC minimum ? (stupid people yes ...
)
Funniest coin I've seen in a while. You just have to admire the sheer ignorance of his grandiose plans.
"This coin is worth 0,01 BTC! Because I said so!"
Thanks for the entertainment, but no thanks.
"This coin is worth 0,01 BTC! Because I said so!"
Thanks for the entertainment, but no thanks.
Quote
the UNV project is only thought to be a real alternative to $, €, £
Do you mean UNV can take the place of the (petro) dollar?
(The petro-dollar used to have the premier currency reserve status and was accepted everywhere.)
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