[ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer - page 153.

chesthing

legendary

Activity: 1414

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Quote from: bitcad4u on July 05, 2014, 06:48:09 PM

Quote from: chesthing on July 05, 2014, 06:19:40 PM

Quote from: CryptoSteam on July 05, 2014, 06:12:37 PM

Quote from: davisgreen on July 05, 2014, 06:11:58 PM

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro ratification says that uro is tied to 1 mt of urea. there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

You said it perfectly. Took words right out of my mouth.

And those bagholders who sell, people will buy it right back.

So that's the answer then, holders of Uro have the power to crash the price of Urea.
First off, sellers of Urea don't pay the bills with crypto currency, they pay it with fiat. When the price of Uro crashes on the exchange, that means when they cash out they will get much less than the cost of production.
Secondly, a buyer of Urea could buy a whole bunch of Uro coin right now and get cheap urea, so why aren't they doing it?

I'm not fudding, I'm debating - these are some very basic and huge flaws in this concept, looking forward to reasonable answers.

URO holder can NOT crash Urea price... URO is a TOKEN saying how much UREA u own. So when I sell all my tokens to someone else lets say for free... I give them all away at 0 dollars... That UREA is still there. And its still worth something. I lost my value and my share in UREA. I did not kill the total price of UREA. Actually I did not effect the price of UREA at all.. all I did was fuck myself. Because UREA is PHYSICAL and URO are tokens representing that PHYSICAL asset... when u demolish the digital token.. the physical asset still remains in all its Valueness and vast beauty!! Nitrogen! yeah!

Follow me here. Sellers of Urea are doing it to to make money. When someone pays them with a vapor asset that has no inherent value, they need to do what? cash it out, yes. Why? because they have costs associated with making urea. Labor costs, material costs, utility bills, taxes, etc etc etc.
So, when the price of Uro crashes on the exchange what do they do? hold it and hope the price goes back up so they can cash it out to pay all those bills? No, they need the money when the urea is sold because that's how business works.
Holy shit guys, the explanations I'm getting don't pass the laugh test.

Businesses that accept btc only do so because they can cash out immediately for the current value of whatever fiat they deal in. To think crypto could work any other way isn't using any logic at all.

bitcad4u

sr. member

Activity: 602

Merit: 255

Quote from: chesthing on July 05, 2014, 06:19:40 PM

Quote from: CryptoSteam on July 05, 2014, 06:12:37 PM

Quote from: davisgreen on July 05, 2014, 06:11:58 PM

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro ratification says that uro is tied to 1 mt of urea. there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

You said it perfectly. Took words right out of my mouth.

And those bagholders who sell, people will buy it right back.

So that's the answer then, holders of Uro have the power to crash the price of Urea.
First off, sellers of Urea don't pay the bills with crypto currency, they pay it with fiat. When the price of Uro crashes on the exchange, that means when they cash out they will get much less than the cost of production.
Secondly, a buyer of Urea could buy a whole bunch of Uro coin right now and get cheap urea, so why aren't they doing it?

I'm not fudding, I'm debating - these are some very basic and huge flaws in this concept, looking forward to reasonable answers.

URO holder can NOT crash Urea price... URO is a TOKEN saying how much UREA u own. So when I sell all my tokens to someone else lets say for free... I give them all away at 0 dollars... That UREA is still there. And its still worth something. I lost my value and my share in UREA. I did not kill the total price of UREA. Actually I did not effect the price of UREA at all.. all I did was fuck myself. Because UREA is PHYSICAL and URO are tokens representing that PHYSICAL asset... when u demolish the digital token.. the physical asset still remains in all its Valueness and vast beauty!! Nitrogen! yeah!

Mesterlovesz74

sr. member

Activity: 420

Merit: 250

Quote from: chesthing on July 05, 2014, 06:31:23 PM

Quote from: danonthehill on July 05, 2014, 06:25:25 PM

This is an experiment. Maybe it will work, maybe it won't; I don't see any reason to express certainty either way, but it seems consistent with the disruptive ethos of Bitcoin and crypto-currencies in general that we should hope that it does succeed and make a difference.

If you don't think it will work, perhaps you could make suggestions on how it could be improved, or are you saying that asset backed crypto-currencies will never be successful?

I find major logic flaws here, and to be frank if this was for real the price would not be 1/60th of expected inside of a week, it would be much much higher. This coin reeks bad, sorry to say. If I miss out on the deal of a lifetime it won't be the first time, I sold thousands of XC bought at 4k sat at 20k sat, still not over that one. The good news is I'm sure there are plenty more big ones to come in crypto, ones that aren't so stinky. Do I wish I had bought Uro a week or more ago? oh, yeah.

Well, who knows whats coming? If you do not belive in Uro, but you do not want to miss an opportunity then buy 1 or 2 Uro, put it in your wallet, forget it. If it will reach 300 Usd then you will have 1 BTC, then you win, if not, well you loose only a part of your money.

Mesterlovesz74

sr. member

Activity: 420

Merit: 250

Quote from: danonthehill on July 05, 2014, 06:25:25 PM

This is an experiment. Maybe it will work, maybe it won't; I don't see any reason to express certainty either way, but it seems consistent with the disruptive ethos of Bitcoin and crypto-currencies in general that we should hope that it does succeed and make a difference.

If you don't think it will work, perhaps you could make suggestions on how it could be improved, or are you saying that asset backed crypto-currencies will never be successful?

Asset backed cryptos are the future! But you should choose the asset carefully! Backing up Uro with Urea is a great idea! Backing up a crypto with asset that have a lose value is pointless.
Crypto is not tangible but people like tangible wealth! So backing up a crypto with a tangible asset is a winner in long term.

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: danonthehill on July 05, 2014, 06:25:25 PM

This is an experiment. Maybe it will work, maybe it won't; I don't see any reason to express certainty either way, but it seems consistent with the disruptive ethos of Bitcoin and crypto-currencies in general that we should hope that it does succeed and make a difference.

If you don't think it will work, perhaps you could make suggestions on how it could be improved, or are you saying that asset backed crypto-currencies will never be successful?

I find major logic flaws here, and to be frank if this was for real the price would not be 1/60th of expected inside of a week, it would be much much higher. This coin reeks bad, sorry to say. If I miss out on the deal of a lifetime it won't be the first time, I sold thousands of XC bought at 4k sat at 20k sat, still not over that one. The good news is I'm sure there are plenty more big ones to come in crypto, ones that aren't so stinky. Do I wish I had bought Uro a week or more ago? oh, yeah.

danonthehill

hero member

Activity: 710

Merit: 500

This is an experiment. Maybe it will work, maybe it won't; I don't see any reason to express certainty either way, but it seems consistent with the disruptive ethos of Bitcoin and crypto-currencies in general that we should hope that it does succeed and make a difference.

If you don't think it will work, perhaps you could make suggestions on how it could be improved, or are you saying that asset backed crypto-currencies will never be successful?

davisgreen

sr. member

Activity: 294

Merit: 250

Quote from: chesthing on July 05, 2014, 06:19:40 PM

Quote from: CryptoSteam on July 05, 2014, 06:12:37 PM

Quote from: davisgreen on July 05, 2014, 06:11:58 PM

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro ratification says that uro is tied to 1 mt of urea. there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

You said it perfectly. Took words right out of my mouth.

And those bagholders who sell, people will buy it right back.

So that's the answer then, holders of Uro have the power to crash the price of Urea.
First off, sellers of Urea don't pay the bills with crypto currency, they pay it with fiat. When the price of Uro crashes on the exchange, that means when they cash out they will get much less than the cost of production.
Secondly, a buyer of Urea could buy a whole bunch of Uro coin right now and get cheap urea, so why aren't they doing it?

I'm not fudding, I'm debating - these are some very basic and huge flaws in this concept, looking forward to reasonable answers.

The sellers of urea dont have to cash out on an exchange- they can directly sell uro certificate to the farmers or distributors or who ever.

Mr. Chastings- please dont look forwards, instead look backwards to all the pages or best on the website blog- all this has been clearly asked and answered - and I or any1 else wont be telling every new person who comes here the same answers which has been thoroughtly debated before in the forum and highlights put on the website. Please take your time and go through all of it- and i promise at the end of it, you wont have all these basic questions (or better all of your basic questions that you are asking will get answered by reading through it)

http://urofoundation.wordpress.com/

Thanks for dropping by- and best of luck

CryptoSteam

full member

Activity: 126

Merit: 100

Most buyers of UREA most likely haven't heard about URO just yet- or they are already buying URO now at low prices. Who knows?

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

Quote from: chesthing on July 05, 2014, 06:19:40 PM

Quote from: CryptoSteam on July 05, 2014, 06:12:37 PM

Quote from: davisgreen on July 05, 2014, 06:11:58 PM

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro ratification says that uro is tied to 1 mt of urea. there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

You said it perfectly. Took words right out of my mouth.

And those bagholders who sell, people will buy it right back.

So that's the answer then, holders of Uro have the power to crash the price of Urea.
First off, sellers of Urea don't pay the bills with crypto currency, they pay it with fiat. When the price of Uro crashes on the exchange, that means when they cash out they will get much less than the cost of production.
Secondly, a buyer of Urea could buy a whole bunch of Uro coin right now and get cheap urea, so why aren't they doing it?

I'm not fudding, I'm debating - these are some very basic and huge flaws in this concept, looking forward to reasonable answers.

no we have the power to crash URO.. urea will always be worth what urea is worth.. if someone wants to cash out their URO someone else will just get a discount on their urea next time they spend the uro they got cheaper than normal

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: CryptoSteam on July 05, 2014, 06:12:37 PM

Quote from: davisgreen on July 05, 2014, 06:11:58 PM

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro ratification says that uro is tied to 1 mt of urea. there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

You said it perfectly. Took words right out of my mouth.

And those bagholders who sell, people will buy it right back.

So that's the answer then, holders of Uro have the power to crash the price of Urea.
First off, sellers of Urea don't pay the bills with crypto currency, they pay it with fiat. When the price of Uro crashes on the exchange, that means when they cash out they will get much less than the cost of production.
Secondly, a buyer of Urea could buy a whole bunch of Uro coin right now and get cheap urea, so why aren't they doing it?

I'm not fudding, I'm debating - these are some very basic and huge flaws in this concept, looking forward to reasonable answers.

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: davisgreen on July 05, 2014, 06:11:58 PM

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro ratification says that uro is tied to 1 mt of urea. there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

You said it perfectly. Took words right out of my mouth.

And those bagholders who sell, people will buy it right back.

davisgreen

sr. member

Activity: 294

Merit: 250

Quote from: chesthing on July 05, 2014, 06:08:18 PM

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

Uro protocal says that uro is tied to 1 mt of urea( dont assume- it will come into play on 9th july for next 10 years for any1 who signs the uro protocal.) there is no co-relation with its price on any exchange. if some one cash out on an exchange and the price slumps- then some one will get cheap fertilizers for their farms-as they bought cheap uro and they still will get 1 mt of urea for 1 uro- as 1 uro=1mt of urea

chesthing

legendary

Activity: 1414

Merit: 1000

Someone just explain this:

Let's assume 1 uro becomes worth 1 ton of Urea, $300. What happens when one of you bag holders decides to sell a couple thousand coins? you are telling me the price of Urea will crash just because a Uro holder cashed out?
I'm fighting common sense here, help me out.

davisgreen

sr. member

Activity: 294

Merit: 250

Quote from: bitcad4u on July 05, 2014, 05:55:26 PM

Quote from: chesthing on July 05, 2014, 05:36:46 PM

I don't care what someone with a newbie account with a few posts, all from this thread, has to say.
I think it's preposterous to think that in a few days the price of 1 uro could be anywhere near $300, and that it would stabilize at this price.

Assuming it magically became $300/coin, what happens when people want to cash out to become milloinaires? how will the price stay around $300? why would a seller of urea accept a such a volatile currency, that was bought far cheaper than what his urea is worth? and if this was really for real, why on earth are so many coins being sold well below .001 lately? Huh

Sorry, but this whole idea is absurd, anyone who actually believes in it needs a slap in the face or some ice water dumped on his head, maybe both.

maybe someone buys it because they need fertilizer bro.... and so lets say the price DOES hit 300 ? .. and so large scale farmers still want 1 Ton fertilizer... well hey they can buy some crypto or convert some already existing crypto assets and get their Nitrogens for their crops.

So why when the price is 300 (let say) - would anyone want to buy the Uro to get the fertilizer ? Same reasons why someone would want to use bitcoin over credit / debit.. most likely, and there are abut 100 of those reasons.

Another reason is that its a futures market- its all been discussed and answered in length here- right now Urea prices are also volatile and to get the best deal you need to have contacts. So if one farmer has 1 uro today- he doesn't have to worry if he will get urea next season or not (urea has short shelf life- so no u cant buy urea now and store it for next season)- and if yes at what price. as 1 uro is tied to 1 metric ton of urea- he can sleep in peace knowing that he has his fertilizer for next season safe ( in a uro certificate- paper wallet basically)

http://urofoundation.wordpress.com/2014/06/13/uro-can-be-used-by-farmers-without-understanding-how-cryptocurrency-works/

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: chesthing on July 05, 2014, 05:57:50 PM

blah blah blah

Talk all you want but you are wasting your breath. It's still going higher. Buy while it's still low.

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: CryptoSteam on July 05, 2014, 05:50:48 PM

It will stay stable if you are able to buy 1 metric ton of urea for 1 uro, just like its' done in FIAT/COMMODITY markets. Those who invest early are the winners. Instead of crying, buy some now. It's still early. Even at .007 current price, you will still profit 60X when it reaches UREA prices.

Seriously, you sound like a brain washed zombie. Ever seen the Manchurian candidate?
replace:
"Raymond Shaw is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."

with:
"1 Uro coin will soon reach the price of 1 ton Urea."

Tell you what, if this coin that can't even pass .008 that is supposed to be worth .5 within a week passes .01 I'll think about it.

FoeRest

member

Activity: 112

Merit: 10

Quote from: chesthing on July 05, 2014, 05:36:46 PM

I don't care what someone with a newbie account with a few posts, all from this thread, has to say.
I think it's preposterous to think that in a few days the price of 1 uro could be anywhere near $300, and that it would stabilize at this price.

Assuming it magically became $300/coin, what happens when people want to cash out to become milloinaires? how will the price stay around $300? why would a seller of urea accept a such a volatile currency, that was bought far cheaper than what his urea is worth? and if this was really for real, why on earth are so many coins being sold well below .001 lately? Huh

Sorry, but this whole idea is absurd, anyone who actually believes in it needs a slap in the face or some ice water dumped on his head, maybe both.

lol hes mad he sold his coins thinking it was a scam listening to fud, keep feeding my farm free fertilizer my friends

bitcad4u

sr. member

Activity: 602

Merit: 255

Quote from: chesthing on July 05, 2014, 05:36:46 PM

I don't care what someone with a newbie account with a few posts, all from this thread, has to say.
I think it's preposterous to think that in a few days the price of 1 uro could be anywhere near $300, and that it would stabilize at this price.

Assuming it magically became $300/coin, what happens when people want to cash out to become milloinaires? how will the price stay around $300? why would a seller of urea accept a such a volatile currency, that was bought far cheaper than what his urea is worth? and if this was really for real, why on earth are so many coins being sold well below .001 lately? Huh

Sorry, but this whole idea is absurd, anyone who actually believes in it needs a slap in the face or some ice water dumped on his head, maybe both.

maybe someone buys it because they need fertilizer bro.... and so lets say the price DOES hit 300 ? .. and so large scale farmers still want 1 Ton fertilizer... well hey they can buy some crypto or convert some already existing crypto assets and get their Nitrogens for their crops.

So why when the price is 300 (let say) - would anyone want to buy the Uro to get the fertilizer ? Same reasons why someone would want to use bitcoin over credit / debit.. most likely, and there are abut 100 of those reasons.

CryptoSteam

full member

Activity: 126

Merit: 100

It will stay stable if you are able to buy 1 metric ton of urea for 1 uro, just like its' done in FIAT/COMMODITY markets. Those who invest early are the winners. Instead of crying, buy some now. It's still early. Even at .007 current price, you will still profit 60X when it reaches UREA prices.

sketchy

newbie

Activity: 8

Merit: 0

Don't let reason get in the way.
The community has decided that it's real, therefore it's real.

Topic: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer - page 153. (Read 247330 times)