Topic: [ANN][URO] A Real Long Term Currency: 1 Uro = 1 Metric Tonne Urea Fertilizer - page 161. (Read 247330 times)

The ratifying companies have committed to accepting Uro (in a merchant capacity, just like how overstock.com accepts BTC) as a payment method for Urea sales for the next 10 years. It is expected that millions of tonnes in urea shipments will be paid for with Uro during this time.

Truthful: feel free to keep asking question here, people are saying on Twitter that I am not on IRC enough so I though I will be there more often and let everyone know that is the case.

Bojinda: There has been a few people that have misinterpreted the Uro Protocol as somehow implying that there will only be only a single 12500 MT Urea order from each NIER. This is not true. There is NO limit to the number of Uro > Urea orders to be filled. The ratifying companies have committed to accepting Uro (in a merchant capacity, just like how overstock.com accepts BTC) as a payment method for Urea sales for the next 10 years. It is expected that millions of tonnes in urea shipments will be paid for with Uro during this time.

The Uro Protocol states:

"Each Member commits to supplying 12,500 metric tonnes of Urea on FOB terms 
at a public international trading port of the Member’s choosing, to any Valid Purchaser that provides payment of 12,500 Uro in the commitment period 2014 to 2024, 
provided the terms of the Contract are met." 

The correct, and reasonable interpretation of any in the context of the above statement is "anyone" or "everyone", not "only one".
To recap: 1 Uro is permanently pegged to 1 metric tonne of Urea for the next 10 years via the Uro Protocol. There are no hidden limits or other restrictions outside of reasonable safety/legal precautions/regulations that cover any commodity trade - whether paid with cash, Uro or financial
instruments.

Obviously one of two things happened:
1. You didn't read my posts, or
2. You failed to comprehend my posts (which may be understandable given my lack of sleep at the time I typed it up)

Please tell me where I claimed to be a trading expert, or even implied I have any knowledge of trading aside from the fact I have been watching Bittrex since June 23rd. In fact I specifically said "I could be wrong though, I'm not a professional analyst by any means". Regardless, if you discredit people just because they have a low post count on this particular forum you are bound to get burned one day, in fact True Asset himself started this thread with very few posts and you didn't discredit him immediately so you are either consciously or subconsciously discrediting people based on your own biases towards this coin, and I encourage you try to keep that in check or you will likely make a costly mistake one day. I would personally be much more weary of somebody with a known bias than someone who simply has a low post count... Posts count means absolutely nothing other than you have made a lot of posts, more posts != more knowledge!

Furthermore, all that anybody here (you, me, True Asset, everyone) is doing here: Speculation! Anybody
who makes a claim about this coin on this or any other forum, regardless of the amount of times they have voiced their opinion on various other coins, is just speculating! Anybody who tells you they know for a fact what is going to happen with this coin (including the people who think it will reach $300 as soon as the clock strikes midnight on the 9th) is simply lying, there isn't any other way to put it because they cannot and do
not know until Uro is traded on multiple exchanges and the first person with 12500 Uro places an order and
receives it.
So please, if you are going to start an argument, do not resort to ad hominem attacks against my character, especially based off of something as meaningless as post count... Refute my points or you have done nothing to add to this debate except for possibly encouraging people to be more loose with their Uro/BTC, whereas I
encouraged people to look at the recent order history, use some situational awareness, and then make a
careful judgement call before deciding what they should do.

That being said, I absolutely agree with traumschiff, I believe this is why were seeing this massive price
increase lately. One person with about 2btc can easily increase the price of the buy orders to almost .005btc
because of the low volume in the sell orders (just math, you don't need to be a "trading expert" to use
simple addition), the scenarios where one person makes the price artificially high because of either market
manipulation or impatience, are the scenarios I am recommending to avoid because the price usually
recovers in an hour or so unless people start to panic buy which is when the price takes substantially longer
to go back down (common sense unless you enjoy paying more for less). Buy orders get filled as the price of
the sell orders decrease and new sellers either look to undercut or just fill a buy order to save some time.

I'm very sorry about that True Asset, I hate debating on forums because they typically result in an ad hominem any time somebody says something that someone else doesn't agree with but cannot refute with knowledge. The coin is a great idea and as I have said before I am heavily invested. My only concern at
the moment is the fact that the NIERs are only committed to 12500 MT of urea each for a total of 50000
MT. is additional urea provided from the NIERs on a rolling basis as they sell off the 12500 Uro that they
receive? Or do the 4 NIERs just pledge the initial 12500 and after than 12500 is purchased they are no
longer on the hook to provide more Urea. Another thing I was curious about is if you are currently in the
process of adding additional NIERs and which urea manufacturers in particular you are considering to add to
the protocol in North America.

Good Bojinda.  Seems like NIERs out to make profit out of community with little investment themselves. And without providing vital answers. And responded with nasty comments on an open forum of community minded members, who know more than we're taken for.

Don't put the quotations wrong please, truthful.

Wouldn't this be called a form of bribery??? Using a charity and impoverished people to reach a deadline and to convince people to fund or be a part of the urocoin. Why if it's a sure thing is this going to be a struggle. Why worry about 9th July, if the community has info, would not be a problem, especially if answers were given. Sustaining interest will come from supplying correct information instead of inappropriate responses.

Here, here...Nazi dictatorship not welcome on this forum. All about open markets, not closed markets. Not closed minds, but open minds, not closed answers or inappropriate answers.

I just want to know if this person is really truthful and open about his motivation. He is asking a lot of questions, so I ask some him some questions in return, I don't see anything wrong in that, I did not say he had to answer them, or is it forbidden to ask questions in return. If that makes you angry, I am sorry. No need to compare this with any political direction.

Take anyone who comes in with a 2 post history claiming to be a trading expert with a grain of salt.

As a result of community feedback, we will be more active on the Freenode IRC #URO channel from now on.

What the hell is with this communist statement?
Who is not with us it's a nazi fighting against us?

People are asking questions and the supporters are just dodging them

Here I  just surfed in for the URO Awards. Summarising whats special about it?
Its true blue aussie hard yakka. STREWTH. Bloody top tucka this Urea. I find it a bit chewy and salty but I sprinkle it on shrimp on the BBQ
BONZA edit ** AND A BIG BLOODY SLAB OF VB

If the NIERS are not willing to fund the API, why not ask them to match the amount raised by way of a publicized donation of Urea to an impoverished community in Pakistan or India?  The community would therefore be funding both the wallet and a charitable project; this would enable you to achieve three objectives at once: technological development, charitable initiative, positive marketing/publicity.  

We are days away from the 9th of July, when interest will peak, and if the price rises it will be easier to raise funds, right now it will be struggle, so probably best to set up a realistic timeline.  If you stagger the dates it will also help sustain interest.

Did you do any other research on urocoin instead of asking questions here? I am sure if you did you would have been able to point out Nilesh Nair from the picture (it's the surfer).
Also, did you invest or do you plan to invest in urocoin? If not, what is the reason you are so active in this forumthead?

Did you do any other research on urocoin instead of asking questions here? I am sure if you did you would have been able to point out Nilesh Nair from the picture (it's the surfer).
Also, did you invest or do you plan to invest in urocoin? If not, what is the reason you are so active in this forumthead?