Topic: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer - page 105. (Read 247330 times)

it is not a scam

A document as disclose a couple of days ago the demonstrates GES's capability of handling $25M in just a single transaction:

bitcoinwonders you just said you sold, we all know you are trying to get back in lower. please stop.

By your own estimation, Bitcoin is a big scam, better get out.  By the way, the US dollar is gigantic scam.  I'll pass on the newsletter, but thanks.

Look at all the new trolls who showed up after the price skyrocketed.  I love it.  It's the only way these losers can get cheap coins.  URO is making history people.  

Nigirian/indian/pak scam style.

100% sure!

please explain to me how has dev paid $3.750.000 when 12500 at current prices is only $229,000

so who is, im failing to understand how you would not know. your team bought urea paid by uro, why would ges need to release anything

Maybe he's too busy to answer questions that have already been answered multiple times?

The deal is for 12500 metric tons of urea fertilizer, worth about $300/ mt ~= $3,750,000

are you high, a company which seeks investors, is obligated to tell us, we create value for the coin. its our money. ofcourse dev hard work is involved but if we didn't buy, it would not be worth much

Because I am not involved in the deal. The deal was paid with Uro, that is all. GES will most likely release information about the deal once they have finished their paperwork.

Low compared to what? BTC? This whole thing reeks of scam, and it's right in the subject line of every post.
The only way 1 URO = 1 MT of Urea is if 1 URO = ~$300. Why would you create a coin that people are mining where it costs about $2 in electricity at the current rates to generate 1 URO? Again, I refer back to Guarantcoin (GTC), where 1 GTC was going to be worth some small amount of actual gold. Supposedly someone had kilograms of gold ready to back the coin... except they didn't and then the coin fizzled. Isn't that strange? I mean, backing a coin with gold would be awesome (Cryptonomicon shout out)! But it doesn't really work when people are generating the coins for essentially free.

If you want to tie a coin to a commodity, you're going to have to do a 100% premine first. Then and only then can you control the price, supply, etc. If they were to create 1 million (or 10 million) URO and declare each was worth 1 MT of Urea, and the only way to buy URO would be to pay the $300 going rate of Urea, maybe -- MAYBE -- it would work. Except no one would be willing to pay that much for a coin unless there was some way to prove it was worth 1 MT of Urea, and so it still fails.

Also: why does anyone involved with the distribution and sale of Urea want to conduct transactions with any cryptocurrency rather than, say, USD? Because it's unjust the way the price fluctuates? Hardly. The problem is supply and demand. If an area wants 20 MT of Urea and only 10 MT is shipped to them, the price will increase. If another area has 50 MT of Urea but only needs 20 MT, the price will drop. The real cost in all of this is the distribution of Urea. It's trivially easy to digitally transfer 1 URO (or 1 BTC or whatever) to another person. Now even supposing they have 1 MT of Urea available, getting it to you is another matter entirely.

Have some popcorn, watch the collapse of the URO scam, and then subscribe to my newsletter and ask me what I think of a coin before investing money into it next time. Then you'll save a lot of heartache at least. Of course, most of the time the advice is simple: don't invest more than you can lose, and don't believe the hype. And stay away from IPOs and premines and things that are "too good to be true", like URO.

not really i told you i just sold, people are misunderstanding the news, have dev tell us the value of the transaction, why ignore my posts

Well no company is obligated to disclose their balance sheet to speculators.

Its their choice if they want to then they will tell u wht the deal is worth

This community is so much more gullible than I thought.

Everyone: remember to be nice to the broader community and be extra friendly with other Tier 1 coins - we need their support to go further. There are many Tier 1 coins that are innovating excellent technology that we can incorporate into Uro in the future. Its in our interest to make sure other Tier 1 altcoins survive.

Embrace the warm karma around you.

KryptoSenseiMaster, you're such a liar you had to create a new account just to LIE, otherwise you'd destroy whatever credibility your main account may hold.  

Well peiple were screaming scam n fudding uro all the while..even when the price was 0.0005 and I was accumulating.
Trolls will do this for ever. You cant stop them.
Dont feed the trolls.
The meteoric rise of uro in just 2 weeks is proof enough that its legit n will survive ny fud people create to get cheap uro.

Kudos to true-asset n rest of the early supporters who stood tall infront of all the fudsters.

im repeatedly asking the dev to tell us the value of the deal, but he does not, why?

dev can you tell us the value of the transaction